EXHIBIT 12

OHIO POWER COMPANY CONSOLIDATED
Computation of Consolidated Ratios of Earnings to Fixed Charges
(in thousands except ratio data)

	Year Ended December 31,						Twelve Months Ended
	1999	2000		2001	2002	2003	3/31/04
Fixed Charges:
Interest on First Mortgage Bonds	$25,506	$22,901		$19,898	$9,421	$6,506	$4,377
Interest on Other Long-term Debt	49,125	58,605		61,960	68,895	96,599	108,996
Interest on Short-term Debt	8,327	8,614		14,628	6,942	2,797	2,192
Miscellaneous Interest Charges	5,016	34,417		4,806	5,115	4,469	6,240
Estimated Interest Element in Lease Rentals	53,400	51,600		48,200	47,100	19,000	19,000
Total Fixed Charges	$141,374	$176,137		$149,492	$137,473	$129,371	$140,805
Earnings:
Income Before Extraordinary Item
and Cumulative Effect of
Accounting Change	$212,157	$102,613		$165,793	$220,023	$251,031	$262,125
Plus Federal Income Taxes	130,814	208,737		83,990	103,875	131,141	132,689
Plus State Income Taxes	1,677	(3,058	)	15,003	27,716	7,258	(3,357	)
Plus Fixed Charges (as above)	141,374	176,137		149,492	137,473	129,371	140,805
Total Earnings	$486,022	$484,429		$414,278	$489,087	$518,801	$532,262
Ratio of Earnings to Fixed Charges	3.43	2.75		2.77	3.55	4.01	3.78