EX-12.6 7 exhibit12_6.htm EXHIBIT 12.6 CILCO COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exhibit12_6.htm
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)
  
           
           
 
9 Months Ended
    
Year Ended
  
 
September 30,
    
December 31,
  
 
2007
    
2006
  
Net income from continuing operations
 $
58,413
     $
47,012
  
Less- Change in accounting principle
  
-
      
-
  
Less- Income from equity investee
  
-
      
-
  
Add- Taxes based on income
  
32,919
      
9,966
  
               
Net income before income taxes and change in accounting principle
  
91,332
      
56,978
  
               
Add- fixed charges:
              
Interest on long term debt
  
18,800
 (1)    
18,044
  
Estimated interest cost within rental expense
  
260
      
289
  
Amortization of net debt premium, discount,
and expenses
  
789
      
705
  
Total fixed charges
  
19,849
      
19,038
  
               
Earnings available for fixed charges
  
111,181
      
76,016
  
               
Ratio of earnings to fixed charges
  
5.60
      
3.99
  
               
Earnings required for combined fixed
charges and preferred stock dividends:
          
Preferred stock dividends
  
1,410
      
1,933
  
Adjustment to pre-tax basis
  
795
      
410
  
   
2,205
      
2,343
  
               
Combined fixed charges and preferred stock
dividend requirements
 $
22,054
     $
21,381
  
               
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
  
5.04
      
3.55
  
 
(1)  Includes FIN 48 interest expense