EX-12.5 6 dex125.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.5

Central Illinois Light Company

Computation of Ratio of Earnings to Fixed Charges and Combined

Fixed Charges and Preferred Stock Dividend Requirements

(Thousands of Dollars, Except Ratios)

 

     Three Months Ended
March  31,

2010
   Year Ended
        December 31,       
2009

Net income from continuing operations

   $ 19,690       $ 135,102   

Add- Taxes based on income

     10,409         71,980   
             

Net income before income taxes

     30,099         207,082   

Add- fixed charges:

     

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

     11,304         39,981   

Estimated interest cost within rental expense

     263         966   

Amortization of net debt premium, discount, and expenses

     184         1,227   
             

Total fixed charges

     11,751         42,174   
             

Earnings available for fixed charges

     41,850         249,256   
             

Ratio of earnings to fixed charges

     3.56         5.91   
             

Earnings required for combined fixed charges and preferred stock dividends:

     

Preferred stock dividends

     218         872   

Adjustment to pretax basis

     115         464   
             
     333         1,336   
             

Combined fixed charges and preferred stock dividend requirements

   $ 12,084       $ 43,510   
             

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

     3.46         5.72   
             

 

(a)

Includes interest expense related to uncertain tax positions.