EX-12.1 3 exhibit12_1.htm EXHIBIT 12.1 AMEREN COMPUTATION OF RATIOS OF EARNINGS exhibit12_1.htm
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,
  
 
2008
    
2007
  
Net income from continuing operations
 $ 137,805     $ 617,804  
Less- Change in accounting principle
   -       -  
Less- Minority interest
   (7,869 )     (27,266 )
Add- Taxes based on income
   87,412       330,141  
Net income before income taxes, change in accounting principle, and minority interest
   233,086       975,211  
               
Add- fixed charges:
              
Interest on long term debt  (1)
   99,403       421,406  
Estimated interest cost within rental expense
   1,232       5,020  
Amortization of net debt premium, discount,
     and expenses
   4,508       18,638  
Subsidiary preferred stock dividends
   2,710       10,871  
Adjust preferred stock dividends to pre-tax
basis
   1,686       5,709  
Total fixed charges
   109,539       461,644  
               
Less: Adjustment of preferred stock dividends to pre-tax basis
   1,686       5,709  
               
Earnings available for fixed charges
 $ 340,939     $ 1,431,146  
               
Ratio of earnings to fixed charges
   3.11       3.10  
               


(1)  Includes FIN 48 interest expense