EX-12.5 7 exhibit12_5.htm CILCORP COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES CILCORP Computation of Ratio of Earnings to Fixed Charges
 Exhibit 12.5

CILCORP INC.
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
         
 
Six Months
  
Year
  
 
Ended
  
Ended
  
 
June 30,
  
December 31,
  
   
2006
    
2005
  
Net income from continuing operations
$
8,885
  
$
3,222
  
Less- Change in accounting principle
  
-
   
(2,497
)
Add- Taxes (benefit) based on income (loss)
  
(3,098
)
  
(3,164
)
Net income before income taxes and change in accounting
principle
  
5,787
   
2,555
 
             
Add- fixed charges:
           
Interest on long term debt
  
25,050
   
50,562
 
Estimated interest cost within rental expense
  
138
   
390
 
Amortization of net debt premium, discount,
and expenses
  
267
   
693
 
Subsidiary preferred stock dividends
  
983
   
1,988
 
Adjust preferred stock dividends to pre-tax
basis
  
309
   
1,293
 
Total fixed charges
  
26,747
   
54,926
 
Less: Adjustment of preferred stock dividends to pre-tax basis
  
309
   
1,293
 
             
Earnings available for fixed charges
  
32,225
   
56,188
 
             
Ratio of earnings to fixed charges
  
1.20
   
1.02