EXHIBIT 12.4
WEST TEXAS UTILITIES COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2000
(Thousands Except Ratio)
(Unaudited)
Operating Income $46,769
Adjustments:
Income taxes 3,808
Provision for deferred income taxes 7,226
Deferred investment tax credits (1,272)
Other income and deductions (1,697)
Allowance for borrowed and equity funds
used during construction 1,395
Earnings 56,229
Fixed Charges:
Interest on long-term debt 18,852
Interest on short-term debt and other 5,636
Fixed Charges 24,488
Ratio of Earnings to Fixed Charges 2.30