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)

 

     Nine Months Ended
September 30,

2010
     Year Ended
December 31,
2009
 

Net income from continuing operations

   $ 102,242          $         79,520      

Add- Taxes based on income

     67,016            53,070      
                 

Net income before income taxes

     169,258            132,590      

Add- fixed charges:

     

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

     65,609            95,535      

Estimated interest cost within rental expense

     1,271            1,615      

Amortization of net debt premium, discount, and expenses

     2,801            4,209      
                 

Total fixed charges

     69,681            101,359      
                 

Earnings available for fixed charges

     238,939            233,949      
                 

Ratio of earnings to fixed charges

     3.42            2.30      
                 

Earnings required for combined fixed charges and preferred stock dividends:

     

Preferred stock dividends

     1,284            2,294      

Adjustment to pretax basis

     842            1,531      
                 
     2,126            3,825      
                 

Combined fixed charges and preferred stock dividend requirements

   $ 71,807          $ 105,184      
                 

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

     3.32            2.22      
                 

 

(a)

Includes interest expense related to uncertain tax positions