EX-12.5 8 ex12_5.htm EXHIBIT 12.5 CILCORP'S STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.5 CILCORP's Statement of 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)
             
             
 
  
3 Months Ended 
    
Year Ended
  
 
  
March 31, 
    
December 31,
  
   
2007
    
2006
  
Net income from continuing operations
$
19,996
  
$
21,004
  
Less- Change in accounting principle
  
-
   
-
 
Add- Taxes (benefit) based on income (loss)
  
9,947
   
(10,944
)
             
Net income before income taxes and change in accounting principle
  
29,943
   
10,060
 
             
Add- fixed charges:
           
Interest on long term debt
  
13,733
   
51,574
 
Estimated interest cost within rental expense
  
84
   
289
 
Amortization of net debt premium, discount,
and expenses
  
308
   
801
 
Subsidiary preferred stock dividends
  
475
   
1,933
 
Adjust preferred stock dividends to pre-tax
basis
  
236
   
(1,007
)
Total fixed charges
  
14,836
   
53,590
 
Less: Adjustment of preferred stock dividends to pre-tax basis
  
236
   
(1,007
)
             
Earnings available for fixed charges
$
44,543
  
$
64,657
  
             
Ratio of earnings to fixed charges
  
3.00
   
1.20