EX-12 3 ex12aep.htm EXHIBIT 12 AEP 3Q05 Exhibit 12 AEP 3Q05

 
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
  
9/30/05
  
FIXED CHARGES
                                      
  Interest on Long-term Debt
  
$
608
  
$
599
  
$
642
  
$
735
  
$
673
  
$
625
  
  Interest on Short-term Debt
    
258
    
143
    
62
    
23
    
17
    
15
  
  Miscellaneous Interest Charges
    
161
    
133
    
103
    
80
    
113
    
102
  
  Estimated Interest Element in Lease Rentals
    
241
    
242
    
255
    
232
    
215
    
215
  
  Preferred Stock Dividends
    
32
    
15
    
18
    
15
    
9
    
10
  
                                       
     Total Fixed Charges
  
$
1,300
  
$
1,132
  
$
1,080
  
$
1,085
  
$
1,027
  
$
967
  
                                       
EARNINGS
                                      
  Income Before Income Taxes
  
$
779
  
$
1,513
  
$
800
  
$
880
  
$
1,699
  
$
1,811
  
  Plus Fixed Charges (as above)
    
1,300
    
1,132
    
1,080
    
1,085
    
1,027
    
967
  
  Less Undistributed Earnings in Equity Investments
    
46
    
28
    
12
    
10
    
18
    
13
  
                                       
     Total Earnings
  
$
2,033
  
$
2,617
  
$
1,868
  
$
1,955
  
$
2,708
  
$
2,765
  
                                       
Ratio of Earnings to Fixed Charges
    
1.56
    
2.31
    
1.72
    
1.80
    
2.63
    
2.85