EX-12.1 5 ex_12.htm

 

 

 

 

 

 

 

Exhibit 12.1

 

 

 

 

 

 

11/7/2005

ALABAMA POWER COMPANY

Computation of ratio of earnings to fixed charges for

the five years ended December 31, 2004

and the year to date September 30, 2005

 

 

 

 

 

 

Nine

 

 

 

 

 

 

Months

 

 

 

 

 

 

Ended

 

 

 

 

 

 

September 30,

 

2000

2001

2002

2003

2004

2005

 

 

 

 

 

 

 

EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:

 

 

 

 

 

Earnings before income taxes

$698,801

$652,467

$770,194

$782,220

$819,955

$712,816

Interest expense, net of amounts capitalized

237,873

247,789

226,732

215,858

211,373

161,048

Distributions on mandatorily redeemable preferred securities

25,549

24,775

24,599

15,255

0

0

AFUDC - Debt funds

20,197

9,569

6,854

6,421

6,856

5,812

 

 

 

 

 

 

 

Earnings as defined

$982,420

$934,600

$1,028,379

$1,019,754

$1,038,184

$879,676

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:

 

 

 

 

 

Interest on long-term debt

$222,530

$220,627

208,148

$183,953

$173,226

$139,502

Interest on affiliated loans

0

1,082

845

274

16,479

12,327

Interest on interim obligations

10,759

13,556

1,160

388

465

54

Amort of debt disc, premium and expense, net

11,668

11,740

12,857

15,671

14,793

11,144

Other interest charges

13,113

10,352

10,577

21,993

13,266

3,833

Distributions on mandatorily redeemable preferred securities

25,549

24,775

24,599

15,255

0

0

 

 

 

 

 

 

 

Fixed charges as defined

$283,619

$282,132

$258,186

$237,534

$218,229

$166,860

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

3.46

3.31

3.98

4.29

4.76

5.27