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)

 

     Nine Months Ended
September 30,
2009		    Year Ended
December 31,
2008

Net income from continuing operations attributable Ameren Corporation

    $ 511,612     $ 605,189 

Less- Net income attributable to noncontrolling interest

      (1,286)      (28,422)

Add- Taxes based on income

      288,526       326,736 
             

Net income before income taxes and noncontrolling interest

      801,424       960,347 

Add- fixed charges:

      

Interest on short-term and long-term debt (1)

      380,925       440,507 

Estimated interest cost within rental expense

      6,140       6,510 

Amortization of net debt premium, discount, and expenses

      12,067       19,716 

Subsidiary preferred stock dividends

      7,406       10,357 

Adjust preferred stock dividends to pre-tax basis

      4,117       5,497 
             

Total fixed charges

      410,655       482,587 
             

Less: Adjustment of preferred stock dividends to pretax basis

      4,117       5,497 
             

Earnings available for fixed charges

    $ 1,207,962     $ 1,437,437 
             

Ratio of earnings to fixed charges

      2.94       2.97 
             

 

(1)

Includes FIN 48 interest expense