EXHIBIT 12

AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY
Computation of Consolidated Ratios of Earnings to Fixed Charges
(in thousands except ratio data)

	Year Ended December 31,										Twelve Months Ended
	1998		1999		2000		2001		2002		9/30/03
Earnings:
Net Income Before Extraordinary Item and
Cumulative Effect of Accounting Change	$161,511		$187,718		$189,567		$184,787		$275,941		$318,823
Plus Federal Income Taxes	126,738		83,508		80,797		174,073		30,102		(2,845	)
Plus State Income Taxes	--		--		3,532		14,849		3,616		8,429
Plus Provision for Deferred Income Taxes	(8,328	)	19,938		16,263		(72,568	)	113,655		164,662
Plus Deferred Investment Tax Credits	(3,858	)	(5,207	)	(5,207	)	(5,207	)	(5,207	)	(5,207	)
Plus Fixed Charges	124,807		118,911		132,785		125,194		132,236		139,373
Total Earnings	$400,870		$404,868		$417,737		$421,128		$550,343		$623,235
Fixed Charges:
Interest on Long-term Debt	$93,301		$87,413		$96,212		$86,980		$99,839	*	$113,533	*
Interest on Short-term Debt	19,506		19,498		22,830		25,023		19,442	*	15,525	*
Distributions on Trust Preferred Securities	12,000		12,000		11,940		11,208		10,560		7,920
Estimated Interest Element in Lease Rentals	--		--		1,803		1,983		2,395		2,395
Fixed Charges	$124,807		$118,911		$132,785		$125,194		$132,236		$139,373
Ratio of Earnings to Fixed Charges	3.21		3.40		3.14		3.36		4.16		4.47

* Certain amounts have been reclassified between interest on short-term and long-term debt compared to periods prior to January 1, 2002. This reclassification had no affect on the ratio.