Exhibit 12.1

AMERICAN WATER CAPITAL CORP.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	12 Months ended December 31,
	2002		2003		2004		2005		2006		9 mos ended September 30, 2007		Proforma 12 mos ended December 31, 2006		Proforma 9 mos ended September 30, 2007
Income (loss) from continuing operations before income taxes	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Fixed Charges:
Interest, dividend on Mandatory redeemable preferred shares and amortization of debt discount and expenses and premium on all indebtedness		70,734		85,212		66,093		103,733		134,390		92,095		210,131		160,846
Total fixed charges		70,734		85,212		66,093		103,733		134,390		92,095		210,131		160,846
Income from continuing operations plus fixed charges		70,734		85,212		66,093		103,733		134,390		92,095		210,131		160,846
Total fixed charges		70,734		85,212		66,093		103,733		134,390		92,095		210,131		160,846
Total fixed charges and preferred dividends		70,734		85,212		66,093		103,733		134,390		92,095		210,131		160,846
Ratio of earnings to combined fixed charges and preferred dividends		1.00		1.00		1.00		1.00		1.00		1.00		1.00		1.00

For purposes of calculating the ratio of earnings to fixed charges, earnings consists of income (loss) from continuing operations before income taxes including the effect of allowance for funds used during construction, plus fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs, interest on mandatory redeemable preferred stock, and a portion of rent expense that management believes is representative of the interest component of rental expense. Fixed charges have not been reduced for the effect of AFUDC.

AMERICAN WATER WORKS COMPANY, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	12 Months ended														9 mos ended September 30, 2007			Proforma 12 mos ended December 31, 2006			Proforma 9 mos ended September 30, 2007
	2002			2003			2004		2005			2006
Income (loss) from continuing operations before income taxes	$	(149,522	)	$	102,411		$	125,428	$	(224,151	)	$	(108,938	)	$	(33,608	)	$	(23,248	)	$	(21,308	)
Fixed Charges:
Interest, dividend on Mandatory redeemable preferred shares and amortization of debt discount and expenses and premium on all indebtedness		26,734			284,860			319,731		349,851			371,247			215,502			285,567			203,202
Interest factor in rentals		400			6,623			10,526		11,554			12,045			6,273			12,045			6,273
Interest costs from discontinued operations		—			(22	)		67		21			(322	)		(56	)		—			—
Total fixed charges		27,134			291,461			330,324		361,426			382,970			221,719			297,612			209,475
Income from continuing operations plus fixed charges		(122,388	)		393,872			455,752		137,275			274,032			188,111			274,364			188,167
Preferred dividend requirements		—			225			225		225			225			169			225			169
Ratio of pre-tax income to net income		0.94			2.43			2.12		0.81			0.70			1.66			0.37			1.66
Preferred dividend factor (1)		—			547			478		183			157			280			83			280
Total fixed charges		27,134			291,461			330,324		361,426			382,970			221,719			297,612			209,475
Total fixed charges and preferred dividends		27,134			292,008			330,801		361,609			383,128			221,999			297,694			209,755
Ratio of earnings to combined fixed charges and preferred dividends (2)		—			1.35			1.38		—			—			—			—			—

For purposes of calculating the ratio of earnings to combined fixed charges and preferred dividends, earnings consists of income (loss) from continuing operations before income taxes including the effect of allowance for funds used during construction, referred to as AFUDC, plus fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs, interest on mandatory redeemable preferred stock, and a portion of rent expense that management believes is representative of the interest component of rental expense. Fixed charges have not been reduced for the effect of AFUDC.

(1) Represents the amount of pre-tax earnings required to cover the dividends associated with preferred stock without mandatory redemption requirements.

(2) For the years ended December 31, 2002, 2005 and 2006 earnings was insufficient to cover fixed charges and there was a deficiency of $149.5 million, $224.3 million and $109.1 million, respectively. On a pro forma basis after giving effect to the Transactions earnings would have been insufficient to cover fixed charges and there would have been a deficiency of $23.3 million and $21.6 million for the year ended December 31, 2006 and the nine months ended September 30, 2007, respectively.