EX-12.1 2 ex12_1.htm EXHIBIT 12.1 CIPS' STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12.1 CIPS' Statement of Computation of Ratios of Earnings to Fixed Charges
Exhibit 12.1
 
Central Illinois Public Service Company
Computation of Ratios of Earnings to Fixed Charges and Combined
Fixed Charges and Preferred Stock Dividend Requirements
(Thousands of Dollars, Except Ratios)
     
      
      
 
  
Three Months
Ended
 March 31, 2006 
  
Net income (loss) from continuing operations
$
(1,580
)
Add- Income Taxes (benefit)
  
(339
)
Net income (loss) before income taxes
  
(1,919
)
       
Add- fixed charges:
      
Interest on long term debt
  
7,420
 
Amortization of net debt premium, discount,
and expenses
  
235
 
Total fixed charges
  
7,655
 
       
Earnings available for fixed charges
  
5,736
 
       
Ratio of earnings to fixed charges
  
(a)
 
       
Earnings required for combined fixed
charges and preferred stock dividends:
     
Preferred stock dividends
  
628
 
Adjustment to pre-tax basis
  
135
 
   
763
 
       
Combined fixed charges and preferred stock
dividend requirements
$
8,418
  
       
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
  
(a)
 
       
       
(a)  Earnings are inadequate to cover fixed charges by $1,919 and
     combined fixed charges and preferred dividend requirements by $2,682.