EX-12.5 6 dex125.htm CILCORP'S STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES CILCORP's Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.5

CILCORP INC.

Computation of Ratio of Earnings to Fixed Charges

(Thousands of Dollars, Except Ratios)

 

     Year Ended
December 31,
  

1/01/03

Thru

1/30/03(1)

  

1/31/03

Thru

12/31/03(1)

   Year Ended
December 31,
 
     2001    2002          2004     2005  

Net income from continuing operations

   $ 25,428    $ 24,658    $ 9,203    $ 14,400    $ 10,367     $ 3,222  

Less- Change in accounting principle

     -      -      3,818      -      -       (2,497 )

Add- Taxes based on income (benefit)

     22,182      6,841      2,922      5,946      (8,526 )     (3,164 )
                                            

Net income before income taxes and change in accounting principle

     47,610      31,499      8,307      20,346      1,841       2,555  

Add- fixed charges:

                

Interest on long term debt

     74,710      71,407      5,035      48,899      51,992       50,562  

Estimated interest cost within rental expense

     979      1,619      87      1,398      395       390  

Amortization of net debt premium, discount, and expenses

     -      -      168      862      767       693  

Subsidiary preferred stock dividends

     2,159      2,159      180      1,947      2,062       1,988  

Adjust preferred stock dividends to pre-tax basis

     1,420      1,420      103      1,114      346       1,293  
                                            

Total fixed charges

     79,268      76,605      5,573      54,220      55,562       54,926  
                                            

Less: Adjustment of preferred stock dividends to pre-tax basis

     1,420      1,420      103      1,114      346       1,293  
                                            

Earnings available for fixed charges

     125,458      106,684      13,777      73,452      57,057       56,188  
                                            

Ratio of earnings to fixed charges

     1.58      1.39      2.47      1.35      1.02       1.02  
                                            

 

(1) Ameren Corporation purchased CILCORP Inc. and subsidiaries on January 31, 2003.