EX-12.4 9 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,  
     2005     2006    2007     2008     2009  

Net income from continuing operations

    $ 96,732      $ 48,929    $ 124,894      $ 175,450      $ 154,912   

Less- Change in accounting standard

      (15,600 )      —        —          —          —     

Add- Taxes based on income

      72,433        21,955      77,799        100,005        96,462   
                                       

Net income before income taxes and change in accounting standard

      184,765        70,884      202,693        275,455        251,374   

Add- fixed charges:

            

Interest on short-term and long-term debt

      71,720        59,070      54,783  (1)      54,153  (1)      57,612  (1) 

Estimated interest cost within rental expense

      —          107      164        228        304   

Amortization of net debt premium, discount, and expenses

      1,345        586      586        760        866   
                                       

Total fixed charges

      73,065        59,763      55,533        55,141        58,782   
                                       

Earnings available for fixed charges

    $ 257,830      $ 130,647    $ 258,226      $ 330,596      $ 310,156   
                                       

Ratio of earnings to fixed charges

      3.52        2.18      4.64        5.99        5.27   
                                       

 

(1)

Includes FIN 48 interest expense