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Previous: SCUDDER PORTFOLIO TRUST/, N-30D, 2000-10-04 |
Next: SOUTHERN CO, POS AM, EX-12.2, 2000-10-04 |
Exhibit 12.1
10/3/100
THE SOUTHERN COMPANY
Computation of ratio of earnings to fixed charges for the
the five years ended December 31, 1999
and the twelve months ended June 30, 2000
<TABLE>
<CAPTION>
Twelve
Months
Ended
Year ended December 31, June 30,
---------------------------------------------------------------------------------
1995 1996 1997 1998 1999 2000
---------------------------------Thousands of Dollars----------------------------
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
<S> <C> <C> <C> <C> <C> <C>
Earnings Before Interest and Income Taxes $2,668,939 $2,701,762 $2,876,455 $2,733,939 $3,446,757 $3,561,976
AFUDC - Debt funds 20,267 19,073 14,053 11,914 23,924 34,318
---------- ---------- ---------- ---------- ---------- -----------
Earnings as defined $2,689,206 $2,720,835 $2,890,508 $2,745,853 $3,470,681 $3,596,294
=========== =========== =========== =========== =========== ===========
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
Interest on long-term debt $ 557,199 $ 530,067 $ 679,696 $ 712,819 $ 697,747 $ 775,956
Interest on interim obligations 62,693 107,008 111,694 107,555 183,321 257,123
Amort of debt disc, premium and expense, net 43,960 33,184 34,233 65,460 124,835 124,947
Other interest charges 52,712 68,099 182,827 228,534 259,526 245,142
----------- ---------- ---------- ---------- ---------- ----------
Fixed charges as defined $ 716,564 $ 738,358 $1,008,450 $1,114,368 $1,265,429 $1,403,168
=========== =========== =========== =========== =========== ===========
RATIO OF EARNINGS TO FIXED CHARGES 3.75 3.68 2.87 2.46 2.74 2.56
</TABLE>
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