EX-12 9 a2088073zex-12.txt EXHIBIT 12 EXHIBIT 12 UNION ELECTRIC COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES THOUSANDS OF DOLLARS EXCEPT RATIOS
SIX MONTHS ENDED JUNE 30, 2001 2002 ---- ---- Net Income $120,659 $158,329 Add- Extraordinary items net of tax 4,848 - -------- -------- Net income from continuing operations 125,507 158,329 -------- -------- Taxes based on income 80,003 83,328 -------- -------- Net income before income taxes 205,510 241,657 -------- -------- Add- fixed charges: Interest on long term debt 56,716 48,721 Other interest 2,108 3,622 Rentals 1,711 1,280 Amortization of net debt premium, discount, expenses and losses 1,641 1,641 -------- -------- Total fixed charges 62,176 55,264 -------- -------- Earnings available for fixed charges 267,686 296,921 ======== ======== Ratio of earnings to fixed charges 4.30 5.37 ======== ========