EX-12.4 5 ex12_4.htm EXHIBIT 12.4 IP'S STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12.4 IP's Statement of Computation of Ratios of Earnings to Fixed Charges
Exhibit 12.4
Illinois Power 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 from continuing operations
$
3,679
 
Add- Taxes based on income
 
2,342
 
Net income before income taxes
 
6,021
 
       
Add- fixed charges:
     
Interest on long term debt
 
10,756
 
Amortization of net debt premium, discount,
expenses and losses
 
848
 
Total fixed charges
 
11,604
 
       
Earnings available for fixed charges
 
17,625
 
       
Ratio of earnings to fixed charges
 
1.51
 
       
Earnings required for combined fixed
charges and preferred stock dividends:
     
Preferred stock dividends
 
574
 
Adjustment to pre-tax basis
 
366
 
   
940
 
       
Combined fixed charges and preferred stock
dividend requirements
$
12,544
 
       
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
 
1.40