EX-12.4 5 dex124.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.4

Ameren Energy Generating Company

Computation of Ratio of Earnings to Fixed Charges

(Thousands of Dollars, Except Ratios)

 

     Six Months Ended
June  30,
2010		    Year Ended
December 31,
2009 (1)

Net income from continuing operations attributable to Ameren Energy Generating Company

    $ 36,250       $ 159,869   

Less- Net income attributable to noncontrolling interest

      (1,957)        (2,007)  

Add- Taxes based on income

      30,457         101,148   
             

Net income before income taxes and noncontrolling interest

      68,664         263,024   

Add- fixed charges:

      

Interest on short-term and long-term debt (2)

      38,295         60,045   

Estimated interest cost within rental expense

      157         307   

Amortization of net debt premium, discount, and expenses

      548         866   
             

Total fixed charges

      39,000         61,218   
             

Earnings available for fixed charges

    $ 107,664       $       324,242   
             

Ratio of earnings to fixed charges

      2.76         5.29   
             

 

(1)

Effective January 1, 2010, Ameren Energy Generating Company (Genco) acquired an 80% ownership interest in Electric Energy Inc. (EEI) from an Ameren subsidiary as a result of an internal reorganization. In accordance with authoritative guidance, both periods presented reflect the combined Genco and EEI results.

(2)

Includes interest expense related to uncertain tax positions