EX-12.3 5 ex12_3.htm EXHIBIT 12.3 - CENTRAL ILLINOIS PUBLIC SERVICE CO. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ex12_3.htm
Exhibit 12.3

Central Illinois Public Service 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,
  
 
2008
    
2007
  
Net income from continuing operations
 $ 6,901     $ 16,535  
Add- Taxes based on income
   2,178       9,322  
               
Net income before income taxes
   9,079       25,857  
               
Add- fixed charges:
              
Interest on long term debt  (1)
   21,929       36,670  
Estimated interest cost within rental expense
   501       899  
Amortization of net debt premium, discount
and expenses
   769       1,105  
Total fixed charges
   23,199       38,674  
               
Earnings available for fixed charges
   32,278       64,531  
               
Ratio of earnings to fixed charges
   1.39       1.66  
               
Earnings required for combined fixed
charges and preferred stock dividends:
        
Preferred stock dividends
   1,884       2,512  
Adjustment to pre-tax basis
   595       1,416  
    2,479       3,928  
               
Combined fixed charges and preferred stock
dividend requirements
 $ 25,678     $ 42,602  
               
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
   1.25       1.51  
               
 
(1)  Includes FIN 48 interest expense