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,
	1999		2000		2001		2002		2003
Earnings:
Net Income Before Extraordinary Item and
Cumulative Effect of Accounting Change	$187,718		$189,567		$182,278		$275,941		$217,547
Plus Federal Income Taxes	83,508		80,797		172,722		30,102		90,868
Plus State Income Taxes	--		3,532		14,849		3,616		118
Plus Provision for Deferred Income Taxes	19,938		16,263		(72,568	)	113,655		19,393
Plus Deferred Investment Tax Credits	(5,207	)	(5,207	)	(5,207	)	(5,207	)	(5,207	)
Plus Fixed Charges	118,911		132,785		125,194		132,236		136,143
Total Earnings	$404,868		$417,737		$417,268		$550,343		$458,862
Fixed Charges:
Interest on Long-term Debt	$87,413		$96,212		$86,980		$99,839		$122,866
Interest on Short-term Debt	19,498		22,830		25,023		19,442		5,877
Distributions on Trust Preferred Securities	12,000		11,940		11,208		10,560		5,264
Estimated Interest Element in Lease Rentals	--		1,803		1,983		2,395		2,136
Fixed Charges	$118,911		$132,785		$125,194		$132,236		$136,143
Ratio of Earnings to Fixed Charges	3.40		3.14		3.33		4.16		3.37

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.