EX-12.2 6 c76157exv12w2.txt COMPUTATION OF RATIO OF EARNINGS . . . EXHIBIT 12.2 CENTRAL ILLINOIS LIGHT COMPANY Computation of Ratio of Earnings to Fixed Charges
2002 2001 2000 1999 1998 Twelve Months Ended (As Restated(1)) (In thousands) Earnings, as Defined: Net Income $ 50,128 $ 14,638 $ 47,777 $ 19,249 $ 44,235 Income Taxes 26,472 7,789 26,227 8,376 22,472 Fixed Charges, as Below 29,359 29,282 29,443 29,224 28,187 -------- -------- -------- -------- -------- Total Earnings, as Defined $105,959 $ 51,709 $103,447 $ 56,849 $ 94,894 ======== ======== ======== ======== ======== Fixed Charges, as Defined: Interest on COLI $ 5,334 $ 4,926 $ 4,300 $ 4,031 $ 3,624 Interest on Short-term Debt 839 3,221 4,159 2,015 962 Interest on Long-term Debt 19,006 17,678 17,516 19,234 19,498 Amortization of Debt Discount & Expense, Premium and Reacquired Loss 544 414 423 668 535 Miscellaneous Interest Expense 2,017 2,186 1,565 1,467 1,780 Interest Portion of Rentals 1,619 857 1,480 1,809 1,788 -------- -------- -------- -------- -------- Total Fixed Charges, as Defined $ 29,359 $ 29,282 $ 29,443 $ 29,224 $ 28,187 ======== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges 3.6 1.8 3.5 1.9 3.4 ======== ======== ======== ======== ========
(1) See Note 17 to the Consolidated Financial Statements.