EX-12.5 6 ex12_5.htm EXHIBIT 12.5 CILCORP COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.5 CILCORP Computation of Ratio of Earnings to Fixed Charges
Exhbit 12.5
CILCORP INC.
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
         
 
Nine Months
  
Year
  
 
Ended
  
Ended
  
 
September 30,
  
December 31,
  
 
2006
  
2005
  
Net income from continuing operations
$
23,896
  
$
3,222
  
Less- Change in accounting principle
  
-
   
(2,497
)
Add- Taxes (benefit) based on income (loss)
  
(4,976
)
  
(3,164
)
Net income before income taxes and change in accounting
principle
  
18,920
   
2,555
 
             
Add- fixed charges:
           
Interest on long term debt
  
37,693
   
50,562
 
Estimated interest cost within rental expense
  
215
   
390
 
Amortization of net debt premium, discount,
and expenses
  
517
   
693
 
Subsidiary preferred stock dividends
  
1,458
   
1,988
 
Adjust preferred stock dividends to pre-tax
basis
  
304
   
1,293
 
Total fixed charges
  
40,187
   
54,926
 
Less: Adjustment of preferred stock dividends to pre-tax basis
  
304
   
1,293
 
             
Earnings available for fixed charges
  
58,803
   
56,188
 
             
Ratio of earnings to fixed charges
  
1.46
   
1.02