EXHIBIT 12

INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARIES

Computation of Consolidated Ratios of Earnings to Fixed Charges

(in thousands except ratio data)

											Twelve		Nine
											Months		Months
	Years Ended December 31,										Ended		Ended
		2008		2009	2010		2011		2012		9/30/2013		9/30/2013
EARNINGS
Income Before Income Taxes	$	190,133	$	297,347	$	189,517	$	201,434	$	157,801	$	214,954	$	211,193
Fixed Charges (as below)		164,660		173,293		174,965		168,003		168,656		168,702		126,077
Total Earnings	$	354,793	$	470,640	$	364,482	$	369,437	$	326,457	$	383,656		337,270
FIXED CHARGES
Interest Expense	$	89,851	$	101,145	$	104,465	$	97,665	$	102,739		98,585		72,579
Credit for Allowance for Borrowed Funds Used    During Construction		4,609		8,348		8,500		7,838		4,717		8,917		7,598
Estimated Interest Element in Lease Rentals		70,200		63,800		62,000		62,500		61,200		61,200		45,900
Total Fixed Charges	$	164,660	$	173,293	$	174,965	$	168,003	$	168,656		168,702		126,077
Ratio of Earnings to Fixed Charges		2.15		2.71		2.08		2.19		1.93		2.27		2.67