EX-12.6 9 ex12_6.htm EXHIBIT 12.6 CILCO'S STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.6 CILCO's Statement of Computation of Ratio 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)
             
             
 
 
3 Months Ended 
   
Year Ended
 
 
 
March 31, 
   
December 31,
 
   
2007
   
2006
 
Net income from continuing operations
$
25,982
 
$
47,012
 
Less- Change in accounting principle
 
-
   
-
 
Less- Income from equity investee
 
-
   
-
 
Add- Taxes based on income
 
14,073
   
9,966
 
Net income before income taxes and change in accounting principle
 
40,055
   
56,978
 
             
Add- fixed charges:
           
Interest on long term debt
 
5,453
   
18,044
 
Estimated interest cost within rental expense
 
84
   
289
 
Amortization of net debt premium, discount,
and expenses
 
254
   
705
 
Total fixed charges
 
5,791
   
19,038
 
             
Earnings available for fixed charges
 
45,846
   
76,016
 
             
Ratio of earnings to fixed charges
 
7.91
   
3.99
 
             
Earnings required for combined fixed
charges and preferred stock dividends:
           
Preferred stock dividends
 
475
   
1,933
 
Adjustment to pre-tax basis
 
257
   
410
 
   
732
   
2,343
 
             
Combined fixed charges and preferred stock
dividend requirements
$
6,523
 
$
21,381
 
             
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
 
7.02
   
3.55