Exhibit 12.1
ALABAMA POWER COMPANY
Computation of ratio of earnings to fixed charges for
the five years ended December 31, 2011
and the year to date June 30, 2012
											Six
											Months
											Ended
	Year Ended December 31,										June 30,
	2007		2008		2009		2010		2011		2012
	Thousands of Dollars
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
Earnings Before Income Taxes	$	961,653	$	1,017,634	$	1,088,238	$	1,203,742	$	1,219,603	$	537,575
Distributed income of equity investees	1,321		3,915		—		2,486		7,371		3,673
Interest expense, net of amounts capitalized	273,737		278,917		298,495		303,165		298,934		145,532
Interest component of rental expense	45,982		43,572		39,442		23,094		18,573		7,936
AFUDC - Debt funds	17,961		20,215		33,112		13,992		8,751		3,126
Earnings as defined	$	1,300,654	$	1,364,253	$	1,459,287	$	1,546,479	$	1,553,232	$	697,842
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
Interest on long-term debt	$	248,854	$	262,963	$	287,066	$	287,075	$	279,880	$	136,289
Interest on affiliated loans	15,013		11,340		10,291		7,196		7,119		3,776
Interest on interim obligations	1,915		1,070		69		15		44		9
Amort of debt disc, premium and expense, net	14,454		11,688		11,050		10,368		9,437		4,837
Other interest charges	11,462		12,071		23,131		12,503		11,205		3,747
Interest component of rental expense	45,982		43,572		39,442		23,094		18,573		7,936
Fixed charges as defined	$	337,680	$	342,704	$	371,049	$	340,251	$	326,258	$	156,594
RATIO OF EARNINGS TO FIXED CHARGES	3.85		3.98		3.93		4.55		4.76		4.46