EXHIBIT 12

APPALACHIAN POWER COMPANY AND SUBSIDIARIES

Computation of Consolidated Ratios of Earnings to Fixed Charges

(in thousands except ratio data)

											Twelve		Six
											Months		Months
	Years Ended December 31,										Ended		Ended
		2008	2009		2010		2011		2012		6/30/2013		6/30/2013
EARNINGS
Income Before Income Taxes	$	166,801	$	201,263	$	210,898	$	252,618	$	423,030	$	366,514	$	167,319
Fixed Charges (as below)		225,573		215,640		217,500		217,280		210,421		204,210		101,086
Total Earnings	$	392,374	$	416,903	$	428,398	$	469,898	$	633,451	$	570,724	$	268,405
FIXED CHARGES
Interest Expense	$	209,733	$	202,426	$	207,649	$	204,623	$	202,074	$	195,154	$	96,332
Credit for Allowance for Borrowed Funds Used    During Construction		9,040		6,014		2,251		6,257		1,347		2,056		1,254
Estimated Interest Element in Lease Rentals		6,800		7,200		7,600		6,400		7,000		7,000		3,500
Total Fixed Charges	$	225,573	$	215,640	$	217,500	$	217,280	$	210,421	$	204,210	$	101,086
Ratio of Earnings to Fixed Charges		1.73		1.93		1.96		2.16		3.01		2.79		2.65