EX-12.1 4 ex12_1.htm EXHIBIT 12.1 AMEREN'S STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Ameren's Statement of Computation of Ratio of Earnings to Fixed Charges
Exhibit 12.1
 
Ameren Corporation
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
             
             
 
  
3 Months Ended 
    
Year Ended
  
 
  
March 31, 
    
December 31,
  
   
2007
    
2006
  
Net income from continuing operations
$
122,604
  
$
546,738
  
Less- Change in accounting principle
  
-
   
-
 
Less- Minority interest
  
(6,795
)
  
(27,135
)
Add- Taxes based on income
  
71,604
   
283,825
 
Net income before income taxes, change in accounting principle, and minority interest
  
201,003
   
857,698
 
             
Add- fixed charges:
           
Interest on long term debt
  
99,553
   
345,410
 
Estimated interest cost within rental expense
  
1,210
   
4,081
 
Amortization of net debt premium, discount,
and expenses
  
4,968
   
15,341
 
Subsidiary preferred stock dividends
  
2,726
   
10,936
 
Adjust preferred stock dividends to pre-tax
basis
  
1,557
   
5,565
 
Total fixed charges
  
110,014
   
381,333
 
Less: Adjustment of preferred stock dividends to pre-tax basis
  
1,557
   
5,565
 
             
Earnings available for fixed charges
$
309,460
  
$
1,233,466
  
             
Ratio of earnings to fixed charges
  
2.81
   
3.23