EX-12.6 7 dex126.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.6

Illinois Power 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

   $ 18,729       $ 79,520   

Add- Taxes based on income

     12,505         53,070   
             

Net income before income taxes

     31,234         132,590   

Add- fixed charges:

     

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

     22,588         95,535   

Estimated interest cost within rental expense

     375         1,615   

Amortization of net debt premium, discount, and expenses

     934         4,209   
             

Total fixed charges

     23,897         101,359   
             

Earnings available for fixed charges

     55,131         233,949   
             

Ratio of earnings to fixed charges

     2.30         2.30   
             

Earnings required for combined fixed charges and preferred stock dividends:

     

Preferred stock dividends

     574         2,294   

Adjustment to pretax basis

     383         1,531   
             
     957         3,825   
             

Combined fixed charges and preferred stock dividend requirements

   $ 24,854       $ 105,184   
             

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

     2.21         2.22   
             

 

(a)

Includes interest expense related uncertain tax provisions.