**COLUMBUS        SOUTHERN POWER COMPANY AND SUBSIDIARIES**

**Computation        of Consolidated Ratios of Earnings to Fixed Charges **

**(in        thousands except ratio data)**

|                                                                                                                                        |   | **Year                    Ended December                    31,**          |    | **Twelve                    Months Ended**  |   |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------|---------|--------------------------------------------------|--------|
|                                                                                                                                        |   | **2001**                                                                                                           |    | **2002**                                    |   | **2003**  |   | **2004**  |   | **2005**  |   | **3/31/2006**  |   |
| **EARNINGS**                                                                                                                                |   |                                                                                                          |    |                                   |   |     |   |     |   |     |   |     |   |
| Income                    Before Income Taxes                                                                                               |   | $                                                                                                                       | 294,860 |                                             | $      | 292,176 |   | $ | 246,809 |   | $ | 207,929 |   | $ | 199,259 |   | $ | 206,163 |   |
| Fixed                    Charges (as below)                                                                                                 |   |                                                                                                                    | 75,410  |                                             |   | 59,847 |   |   | 58,771 |   |   | 61,742 |   |   | 63,665 |   |   | 67,548 |   |
| **Total                    Earnings**                                                                                                       |   | $                                                                                                                       | 370,270 |                                             | $      | 352,023 |   | $ | 305,580 |   | $ | 269,671 |   | $ | 262,924 |   | $ | 273,711 |   |
|                                                                                                                                        |   |                                                                                                                    |    |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **FIXED CHARGES**                                                                                                                      |   |                                                                                                                    |    |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                    Expense                                                                                                         |   | $                                                                                                                       | 68,015  |                                             | $      | 53,869 |   | $ | 50,948 |   | $ | 54,246 |   | $ | 59,539 |   | $ | 64,147 |   |
| Credit                    for Allowance for Borrowed Funds                       Used During                    Construction |   |                                                                                                                    | 2,595   |                                             |   | 2,478 |   |   | 5,123 |   |   | 4,996 |   |   | 1,526 |   |   | 801 |   |
| Estimated                    Interest Element in Lease Rentals                                                                              |   |                                                                                                                    | 4,800   |                                             |   | 3,500 |   |   | 2,700 |   |   | 2,500 |   |   | 2,600 |   |   | 2,600 |   |
| **Total                    Fixed Charges**                                                                                                  |   | $                                                                                                                       | 75,410  |                                             | $      | 59,847 |   | $ | 58,771 |   | $ | 61,742 |   | $ | 63,665 |   | $ | 67,548 |   |
|                                                                                                                                        |   |                                                                                                                    |    |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Ratio                    of Earnings to Fixed Charges**                                                                                   |   |                                                                                                                    | 4.91    |                                             |   | 5.88 |   |   | 5.19 |   |   | 4.36 |   |   | 4.12 |   |   | 4.05 |   |