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			Six Months Ended
	2002			2003			2004			2005			2006				6/30/2007			6/30/2007
EARNINGS
Income Before Income Tax Expense, Minority    Interest Expense and Equity Earnings	$	814		$	872		$	1,684		$	1,453		$	1,477		$	1,427		$	763
Fixed Charges (as below)		1,048			1,050			989			916			1,002			1,064			536
Preference Security Dividend Requirements    of Consolidated Subsidiaries		(18	)		(15	)		(9	)		(10	)		(4	)		(4	)		(2	)
Total Earnings	$	1,844		$	1,907		$	2,664		$	2,359		$	2,475		$	2,487		$	1,297
FIXED CHARGES
Interest Expense	$	775		$	814		$	781		$	697		$	732		$	787		$	399
Credit for Allowance for Borrowed Funds    Used During Construction		32			24			22			36			82			89			43
Estimated Interest Element in Lease Rentals		223			197			177			173			184			184			92
Preference Security Dividend Requirements    of Consolidated Subsidiaries		18			15			9			10			4			4			2
Total Fixed Charges	$	1,048		$	1,050		$	989		$	916		$	1,002		$	1,064		$	536
Ratio of Earnings to Fixed Charges		1.75			1.81			2.69			2.57			2.47			2.33			2.41