EX-12.7 8 ex12_7.htm EXHIBIT 12.7 IP COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12.7 IP Computation of Ratios of Earnings to Fixed Charges
Exhibit 12.7
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)
         
 
Nine Months
  
Year
  
 
Ended
  
Ended
  
 
September 30,
  
December 31,
  
 
2006
  
2005
  
Net income from continuing operations
$
62,920
  
$
97,039
  
Add- Taxes based on income
  
42,422
   
65,171
 
Net income before income taxes
 
105,342
   
162,210
 
             
Add- fixed charges:
           
Interest on long term debt
  
34,184
   
41,028
 
Estimated interest cost within rental expense
  
144
   
1,290
 
Amortization of net debt premium, discount,
expenses and losses
  
2,601
   
2,315
 
Total fixed charges
  
36,929
   
44,633
 
             
Earnings available for fixed charges
  
142,271
   
206,843
 
             
Ratio of earnings to fixed charges
  
3.85
   
4.63
 
             
Earnings required for combined fixed
charges and preferred stock dividends:
           
Preferred stock dividends
  
1,529
   
2,294
 
Adjustment to pre-tax basis
  
1,031
   
1,542
 
   
2,560
   
3,836
 
             
Combined fixed charges and preferred stock
dividend requirements
$
39,489
  
$
48,469
  
             
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
  
3.60
   
4.26