EX-12.5 6 dex125.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.5

Central Illinois Light Company

Computation of Ratio of Earnings to Fixed Charges and Combined

Fixed Charges and Preferred Stock Dividend Requirements

(Thousands of Dollars, Except Ratios)

 

     Six Months Ended
June  30,
2010		    Year Ended
December 31,
2009

Net income from continuing operations

    $ 31,581       $       135,102   

Add- Taxes based on income

      17,739         71,980   
             

Net income before income taxes

      49,320         207,082   

Add- fixed charges:

      

Interest on short-term and long-term debt (1)

      21,877         39,981   

Estimated interest cost within rental expense

      505         966   

Amortization of net debt premium, discount, and expenses

      369         1,227   
             

Total fixed charges

      22,751         42,174   
             

Earnings available for fixed charges

      72,071         249,256   
             

Ratio of earnings to fixed charges

      3.16         5.91   
             

Earnings required for combined fixed charges and preferred stock dividends:

      

Preferred stock dividends

      436         872   

Adjustment to pretax basis

      245         464   
             
     681         1,336   
             

Combined fixed charges and preferred stock dividend requirements

    $ 23,432       $ 43,510   
             

Ratio of earnings to combined fixed charges and preferred stock dividend requirements

      3.07         5.72   
             

 

(1)

Includes interest expense related to uncertain tax positions