EXHIBIT 12

APPALACHIAN POWER COMPANY AND SUBSIDIARIES

Computation of Consolidated Ratios of Earnings to Fixed Charges

(in thousands except ratio data)

											Twelve		Three
											Months		Months
	Years Ended December 31,										Ended		Ended
		2008	2009		2010		2011		2012		3/31/2013		3/31/2013
EARNINGS
Income Before Income Taxes	$	166,801	$	201,263	$	210,898	$	252,618	$	423,030	$	414,066	$	117,560
Fixed Charges (as below)		225,573		215,640		217,500		217,280		210,421		207,414		50,468
Total Earnings	$	392,374	$	416,903	$	428,398	$	469,898	$	633,451	$	621,480	$	168,028
FIXED CHARGES
Interest Expense	$	209,733	$	202,426	$	207,649	$	204,623	$	202,074	$	198,971	$	48,204
Credit for Allowance for Borrowed Funds Used    During Construction		9,040		6,014		2,251		6,257		1,347		1,443		514
Estimated Interest Element in Lease Rentals		6,800		7,200		7,600		6,400		7,000		7,000		1,750
Total Fixed Charges	$	225,573	$	215,640	$	217,500	$	217,280	$	210,421	$	207,414	$	50,468
Ratio of Earnings to Fixed Charges		1.73		1.93		1.96		2.16		3.01		2.99		3.32