EX-12.7 8 exhibit12_7.htm EXHIBIT 12.7 IP COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exhibit12_7.htm
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)
  
           
           
 
9 Months Ended
    
Year Ended
  
 
September 30,
    
December 31,
  
 
2007
    
2006
  
Net income from continuing operations
 $
17,949
     $
56,659
  
Add- Taxes based on income
  
9,691
      
37,246
  
Net income before income taxes
  
27,640
      
93,905
  
               
Add- fixed charges:
              
Interest on long term debt
  
50,369
 (1)    
46,167
  
Estimated interest cost within rental expense
  
159
      
205
  
Amortization of net debt premium, discount,
expenses and losses
  
6,309
      
3,537
  
Total fixed charges
  
56,837
      
49,909
  
               
Earnings available for fixed charges
  
84,477
      
143,814
  
               
Ratio of earnings to fixed charges
  
1.48
      
2.88
  
               
Earnings required for combined fixed
charges and preferred stock dividends:
          
Preferred stock dividends
  
1,721
      
2,294
  
Adjustment to pre-tax basis
  
929
      
1,508
  
   
2,650
      
3,802
  
               
Combined fixed charges and preferred stock
dividend requirements
 $
59,487
     $
53,711
  
               
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
  
1.42
      
2.67
  
 
(1)  Includes FIN 48 interest expense