Exhibit 12.1

THE SOUTHERN COMPANY

Computation of ratio of earnings to fixed charges for

the five years ended December 31, 2011

		2007			2008			2009			2010			2011
	Millions of Dollars
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
Earnings Before Income Taxes	$	2,641		$	2,711		$	2,604		$	3,066		$	3,487
Interest expense, net of amounts capitalized		888			869			907			898			858
Interest component of rental expense		80			88			94			112			117
Amortization of capitalized interest		2			2			3			3			3
AFUDC - Debt funds		48			64			82			74			58
Less: Dividends on preferred and preference stock of subsidiaries		(48	)		(65	)		(65	)		(65	)		(65	)
Earnings as defined	$	3,611		$	3,669		$	3,625		$	4,088		$	4,458
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
Interest on long-term debt	$	743		$	813		$	876		$	885		$	872
Interest on affiliated loans		66			23			22			19			16
Interest on interim obligations		75			30			4			2			3
Amort of debt disc, premium and expense, net		46			40			40			42			40
Other interest charges		7			27			46			24			(15)
Capitalized Interest		17			7			2			12			20
Interest component of rental expense		80			87			94			112			117
Fixed charges as defined		1,034			1,027			1,084			1,096			1,053
Tax deductible preferred dividends		1			1			1			1			1
		1,035			1,028			1,085			1,097			1,054
Non-tax deductible preferred and preference dividends		46			64			64			64			65
Ratio of net income before taxes to net income	x	1.469		x	1.507		x	1.525		x	1.503		x	1.538
Preferred and preference dividend requirements     before income taxes		68			96			98			96			100
Fixed charges plus preferred and preference     dividend requirements	$	1,103		$	1,124		$	1,183		$	1,193		$	1,154
RATIO OF EARNINGS TO FIXED CHARGES		3.27			3.26			3.06			3.43			3.86