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)

 

     Nine Months Ended
September 30,

2010
     Year Ended
December  31,

2009
 

Net income from continuing operations

   $ 62,173          $         135,102      

Add- Taxes based on income

     29,026            71,980      
                 

Net income before income taxes

     91,199            207,082      

Add- fixed charges:

     

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

     32,334            39,981      

Estimated interest cost within rental expense

     778            966      

Amortization of net debt premium, discount, and expenses

     553            1,227      
                 

Total fixed charges

     33,665            42,174      
                 

Earnings available for fixed charges

     124,864            249,256      
                 

Ratio of earnings to fixed charges

     3.70            5.91      
                 

Earnings required for combined fixed charges and preferred stock dividends:

     

Preferred stock dividends

     583            872      

Adjustment to pretax basis

     272            464      
                 
     855            1,336      
                 

Combined fixed charges and preferred stock dividend requirements

   $ 34,520          $ 43,510      
                 

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

     3.61            5.72      
                 

 

(a)

Includes interest expense related to uncertain tax positions