EX-12.4 7 c23635exv12w4.htm EXHIBIT 12.4 exv12w4
 

Exhibit 12.4
Ameren Energy Generating Company
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
                                         
    Year Ended December 31,  
    2003     2004     2005     2006     2007  
Net income from continuing operations
   $ 75,185     $ 107,292     $ 96,732     $ 48,929     $ 124,894  
Less - Change in accounting principle
     18,416       —       (15,600 )     —       —  
Add - Taxes based on income
     38,538       64,245       72,433       21,955       77,799  
 
                              
 
Net income before income taxes and change in accounting principle
     95,307       171,537       184,765       70,884       202,693  
 
Add - fixed charges:
                                        
Interest on long-term debt
     100,855       93,118       71,720       59,070       54,783 (1)
Estimated interest cost within rental expense
     -       -       -       107       164  
Amortization of net debt premium, discount, and expenses
     1,495       1,497       1,345       586       586  
 
                              
 
Total fixed charges
     102,350       94,615       73,065       59,763       55,533  
 
                              
 
Earnings available for fixed charges
   $ 197,657     $ 266,152     $ 257,830     $ 130,647     $ 258,226  
 
                              
 
Ratio of earnings to fixed charges
     1.93       2.81       3.52       2.18       4.64  
 
                              
 
(1)   Includes FIN 48 interest expense