EX-12.1 2 dex121.htm AMEREN'S STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Ameren's Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Ameren Corporation

Computation of Ratio of Earnings to Fixed Charges

(Thousands of Dollars, Except Ratios)

 

     Three Months Ended
March 31,
2009		     Year Ended
      December 31,      
2008		  

Net income from continuing operations attributable to Ameren Corporation

    $ 141,288     $ 605,189  

Less - Net income attributable to noncontrolling interest

      (1,826 )     (28,422 )

Add- Taxes based on income

      69,628       326,736  
                

Net income before income taxes and noncontrolling interest

      212,742       960,347  

Add- fixed charges:

     

Interest on long term debt (1)

      118,500       440,507  

Estimated interest cost within rental expense

      1,873       6,510  

Amortization of net debt premium, discount, and expenses

      3,944       19,716  

Subsidiary preferred stock dividends

      2,469       10,357  

Adjust preferred stock dividends to pretax basis

      1,196       5,497  
                

Total fixed charges

      127,982       482,587  
                

Less: Adjustment of preferred stock dividends to pretax basis

      1,196       5,497  
                

Earnings available for fixed charges

    $ 339,528     $ 1,437,437  
                

Ratio of earnings to fixed charges

      2.65       2.97  
                

 

(1)

Includes FIN 48 interest expense