EX-12.4 8 dex124.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.4

Ameren Energy Generating Company

Computation of Ratio of Earnings to Fixed Charges

(Thousands of Dollars, Except Ratios)

 

     Year Ended December 31,  
     2004    2005     2006    2007     2008  

Net income from continuing operations

    $ 107,292    $ 96,732     $ 48,929    $ 124,894     $ 175,450  

Less- Change in accounting principle

      —        (15,600 )     —        —         —    

Add- Taxes based on income

      64,245      72,433       21,955      77,799       100,005  
                                      

Net income before income taxes and change in accounting principle

      171,537      184,765       70,884      202,693       275,455  

Add- fixed charges:

             

Interest on long term debt

      93,118      71,720       59,070      54,783 (1)     54,153 (1)

Estimated interest cost within rental expense

      —        —         107      164       228  

Amortization of net debt premium, discount, and expenses

      1,497      1,345       586      586       760  
                                      

Total fixed charges

      94,615      73,065       59,763      55,533       55,141  
                                      

Earnings available for fixed charges

    $ 266,152    $ 257,830     $ 130,647    $ 258,226     $ 330,596  
                                      

Ratio of earnings to fixed charges

      2.81      3.52       2.18      4.64       5.99  
                                      

(1) Includes FIN 48 interest expense