EXHIBIT 12

AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARIES

Computation of Consolidated Ratios of Earnings to Fixed Charges

(in millions except ratio data)

	Year Ended December 31,										Twelve Months Ended
	2000		2001		2002		2003		2004		3/31/05
FIXED CHARGES
Interest on Long-term Debt	$	608	$	599	$	642	$	735	$	673	$	656
Interest on Short-term Debt		258		143		62		23		17		19
Miscellaneous Interest Charges		161		133		103		80		113		103
Estimated Interest Element in Lease Rentals		241		242		255		232		215		215
Preferred Stock Dividends		32		15		18		15		9		9
Total Fixed Charges	$	1,300	$	1,132	$	1,080	$	1,085	$	1,027	$	1,002
EARNINGS
Income Before Income Taxes	$	779	$	1,513	$	800	$	880	$	1,699	$	1,774
Plus Fixed Charges (as above)		1,300		1,132		1,080		1,085		1,027		1,002
Less Undistributed Earnings in Equity Investments		46		28		12		10		18		16
Total Earnings	$	2,033	$	2,617	$	1,868	$	1,955	$	2,708	$	2,760
Ratio of Earnings to Fixed Charges		1.56		2.31		1.72		1.80		2.63		2.75