EX-12 4 x12b1.htm EXHIBIT 12(B)1 x12b1.htm
  Exhibit 12(b)1
 
 
ALABAMA POWER COMPANY
Computation of ratio of earnings to fixed charges for
the five years ended December 31, 2010
and the year to date September 30, 2011
 
                                  Nine
                                  Months
                                  Ended
 
Year ended December 31,
    September 30,
   
2006
   
2007
   
2008
   
2009
   
2010
   
2011
 
 
------------------------------------Millions of Dollars------------------------------------------
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
                                 
Earnings before income taxes
$
868
 
$
962
 
$
1,018
 
$
1,088
 
$
1,204
 
$
1,037
 
Distributed income of equity investees
 
4
   
1
   
4
   
0
   
2
   
6
 
Interest expense, net of amounts capitalized
 
252
   
274
   
279
   
298
   
303
   
224
 
Interest component of rental expense
 
45
   
46
   
44
   
40
   
23
   
16
 
AFUDC - Debt funds
 
8
   
18
   
20
   
33
   
14
   
7
 
Earnings as defined
$
1,177
 
$
1,301
 
$
1,365
 
$
1,459
 
$
1,546
 
$
1,290
 
                                     
                                     
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
                               
Interest on long-term debt
$
229
 
$
249
 
$
263
 
$
287
 
$
287
 
$
211
 
Interest on affiliated loans
 
16
   
15
   
11
   
10
   
7
   
5
 
Interest on interim obligations
 
2
   
2
   
1
   
0
   
0
   
0
 
Amort of debt disc, premium and expense, net
 
13
   
14
   
12
   
11
   
10
   
8
 
Other interest charges
 
0
   
12
   
12
   
23
   
13
   
7
 
Interest component of rental expense
 
45
   
46
   
44
   
40
   
23
   
16
 
Fixed charges as defined
$
305
 
$
338
 
$
343
 
$
371
 
$
340
 
$
247
 
                                     
                                     
                                     
RATIO OF EARNINGS TO FIXED CHARGES
 
3.86
   
3.85
   
3.98
   
3.93
   
4.55
   
5.23