EXHIBIT 12.4
WEST TEXAS UTILITIES COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
FOR THE TWELVE MONTHS ENDED JUNE 30, 2000
(Thousands Except Ratio)
(Unaudited)
Operating Income $57,235
Adjustments:
Income taxes 6,261
Provision for deferred income taxes 10,948
Deferred investment tax credits (1,273)
Other income and deductions (1,302)
Allowance for borrowed and equity funds
used during construction 1,350
Earnings 73,219
Fixed Charges:
Interest on long-term debt 19,602
Interest on short-term debt and other 4,960
Fixed Charges 24,562
Ratio of Earnings to Fixed Charges 2.98