EXHIBIT 12

APPALACHIAN POWER COMPANY AND SUBSIDIARIES

Computation of Consolidated Ratios of Earnings to Fixed Charges

(in thousands except ratio data) 

	Year Ended December 31,										Twelve Months Ended
	2000		2001		2002		2003		2004		6/30/05
FIXED CHARGES
Interest on First Mortgage Bonds	$	56,003	$	48,441	$	43,743	$	30,746	$	21,885	$	17,037
Interest on Other Long-term Debt		59,559		61,045		67,212		81,452		74,426		80,289
Interest on Short-term Debt		8,847		10,722		4,890		590		1,820		1,681
Miscellaneous Interest Charges		26,284		4,285		6,453		7,732		8,916		8,705
Estimated Interest Element in Lease Rentals		6,300		5,800		4,500		3,200		3,500		3,500
Total Fixed Charges	$	156,993	$	130,293	$	126,798	$	123,720	$	110,547	$	111,212
EARNINGS
Income Before Extraordinary Item and     Cumulative Effect of Accounting Changes	$	64,906	$	161,818	$	205,492	$	202,783	$	153,115	$	136,838
Plus Federal Income Taxes		117,872		81,934		100,974		103,492		74,912		56,921
Plus State Income Taxes		15,307		14,789		9,952		1,728		10,198		3,259
Plus Fixed Charges (as above)		156,993		130,293		126,798		123,720		110,547		111,212
Total Earnings	$	355,078	$	388,834	$	443,216	$	431,723	$	348,772	$	308,230
Ratio of Earnings to Fixed Charges		2.26		2.98		3.49		3.48		3.15		2.77