EX-12 5 a2081516zex-12.txt RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 AMEREN CORPORATION RATIO OF EARNINGS TO FIXED CHARGES (in thousands) Three Months Ended March 31, --------------------- 2002 2001 ---- ---- EARNINGS (NUMERATOR): Add: Net income from continuing operations 58,626 65,333 Income taxes 37,886 49,204 Fixed charges 57,260 56,349 Less: Preference security dividend requirements of consolidated subsidiaries (4,824) (5,579) ---------- -------- Total earnings 148,948 165,307 ---------- -------- FIXED CHARGES (DENOMINATOR): Interest expensed 51,836 50,022 Estimated interest costs within rental expense 600 748 Preference security dividend requirements of consolidated subsidiaries: Preference dividends of consolidated subsidiaries 2,928 3,180 Adjustment to pre-tax basis 1,896 2,399 ---------- -------- 4,824 5,579 ---------- -------- Total fixed charges 57,260 56,349 ---------- -------- ---------- -------- RATIO OF EARNINGS TO FIXED CHARGES 2.60 2.93 ---------- --------