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)

 

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

Net income from continuing operations

    $ (432,217)    $ 43,542

Add- Taxes based on income

      14,523       19,411
             

Net income before income taxes

      (417,694)      62,953

Add- fixed charges:

      

Interest on long term debt (1)

      13,825       53,592

Estimated interest cost within rental expense

      205       430

Amortization of net debt premium, discount, and expenses

      402       1,428

Subsidiary preferred stock dividends

      218       1,354

Adjust preferred stock dividends to pretax basis

      (7)      604
             

Total fixed charges

      14,643       57,408
             

Less: Adjustment of preferred stock dividends to pretax basis

      (7)      604

Earnings available for fixed charges

    $ (403,044)    $ 119,757
             

Ratio of earnings to fixed charges

      -  (2)      2.08
             

 

(1)

Includes FIN 48 interest expense

 

(2)

Earnings are inadequate to cover fixed charges by $417.7 million for the three months ended March 31, 2009