EX-12 9 a2105420zex-12.txt RATIOS OF EARNINGS TO FIXED CHARGES EXHIBIT 12 UNION ELECTRIC COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Thousands of Dollars Except Ratios
NINE MONTHS ENDED SEPTEMBER 30, 2001 2002 ---- ---- Net Income $323,453 $364,498 Add- Extraordinary items net of tax 4,848 - ---------- ---------- Net income from continuing operations 328,301 364,498 ---------- ---------- Taxes based on income 214,912 202,812 ---------- ---------- Net income before income taxes 543,213 567,310 ---------- ---------- Add- fixed charges: Interest on long term debt 83,412 73,895 Other interest 3,092 5,784 Rentals 2,609 2,081 Amortization of net debt premium, discount, expenses and losses 2,461 2,527 ---------- ---------- Total fixed charges 91,574 84,287 ---------- ---------- Earnings available for fixed charges 634,787 651,597 ========== ========== Ratio of earnings to fixed charges 6.93 7.73 ========== ==========