EX-12.6 7 ex12_6.htm EXHIBIT 12.6 CILCO COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12.6 CILCO Computation of Ratios of Earnings to Fixed Charges
Exhibit 12.6
 

Central Illinois Light Company
Computation of Ratios of Earnings to Fixed Charges and Combined
Fixed Charges and Preferred Stock Dividend Requirements
(Thousands of Dollars, Except Ratios)
         
 
Nine Months
  
Year
  
 
Ended
  
Ended
  
 
September 30,
  
December 31,
  
 
2006
  
2005
  
Net income from continuing operations
$
44,815
  
$
25,296
  
Less- Change in accounting principle
  
-
   
(2,497
)
Add- Taxes based on income
  
11,532
   
16,357
 
Net income before income taxes and change in accounting principle
  
56,347
   
44,150
 
             
Add- fixed charges:
           
Interest on long term debt
  
12,469
   
13,918
 
Estimated interest cost within rental expense
  
215
   
390
 
Amortization of net debt premium, discount,
and expenses
  
450
   
473
 
Total fixed charges
  
13,134
   
14,781
 
             
Earnings available for fixed charges
  
69,481
   
58,931
 
             
Ratio of earnings to fixed charges
  
5.29
   
3.98
 
             
Earnings required for combined fixed
charges and preferred stock dividends:
           
Preferred stock dividends
  
1,458
   
1,998
 
Adjustment to pre-tax basis
  
375
   
1,293
 
   
1,833
   
3,291
 
             
Combined fixed charges and preferred stock
dividend requirements
$
14,967
  
$
18,072
  
             
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
  
4.64
   
3.26