EX-12.6 7 dex126.htm CILCO'S STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES CILCO's Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.6

Central Illinois Light Company

Computation of Ratios of Earnings to Fixed Charges and Combined

Fixed Charges and Preferred Stock Dividend Requirements

(Thousands of Dollars, Except Ratios)

 

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

2008

Net income from continuing operations

   $ 33,343    $ 69,638

Add- Taxes based on income

     17,805      38,673
             

Net income before income taxes

     51,148      108,311

Add- fixed charges:

     

Interest on long term debt (1)

     6,639      19,724

Estimated interest cost within rental expense

     205      429

Amortization of net debt premium, discount, and expenses

     330      1,112
             

Total fixed charges

     7,174      21,265
             

Earnings available for fixed charges

     58,322      129,576
             

Ratio of earnings to fixed charges

     8.12      6.09
             

Earnings required for combined fixed charges and preferred stock dividends:

     

Preferred stock dividends

     218      1,354

Adjustment to pretax basis

     116      752
             
     334      2,106
             

Combined fixed charges and preferred stock dividend requirements

   $ 7,508    $ 23,371
             

Ratio of earnings to combined fixed charges and preferred stock dividend requirements

     7.76      5.54
             

 

(1)

Includes FIN 48 interest expense