EX-12.2 3 ex12_2.htm EXHIBIT 12.2 CILCORP'S COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.2 CILCORP's Computation of Ratio of Earnings to Fixed Charges
Exhibit 12.2
 
 
CILCORP INC.
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
   
      
    
 
Three Months
Ended
March 31, 2006  
 
Net income from continuing operations
$
7,898
 
Add- Taxes based on income
 
2,963
 
Net income before income taxes
 
10,861
 
       
Add- fixed charges:
     
Interest on long term debt
 
12,591
 
Estimated interest cost within rental expense
 
64
 
Amortization of net debt premium, discount,
and expenses
 
133
 
Subsidiary preferred stock dividends
 
491
 
Adjust preferred stock dividends to pre-tax
basis
 
249
 
Total fixed charges
 
13,528
 
Less: Adjustment of preferred stock dividends to
pre-tax basis
 
249
 
       
Earnings available for fixed charges
 
24,140
 
       
Ratio of earnings to fixed charges
 
1.78