EX-12.5 8 c23635exv12w5.htm EXHIBIT 12.5 exv12w5
 

Exhibit 12.5
CILCORP INC.
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
                                                 
    1/01/03     1/31/03              
    Thru     Thru     Year Ended December 31,  
    1/30/03(1)     12/31/03(1)     2004     2005     2006     2007  
Net income from continuing operations
  $ 9,203     $ 14,400     $ 10,367     $ 3,222     $ 21,004     $ 149,402  
Less - Change in accounting principle
    3,818       -       -       (2,497 )     -       -  
Add - Taxes (benefit) based on income
    2,922       5,946       (8,526 )     (3,164 )     (10,944 )     21,018  
 
                                   
 
Net income before income taxes and change in accounting principle
    8,307       20,346       1,841       2,555       10,060       70,420  
 
Add - fixed charges:
                                               
Interest on long-term debt
    5,035       48,899       51,992       50,562       51,574       62,824 (2)
Estimated interest cost within rental expense
    87       1,398       395       390       289       343  
Amortization of net debt premium, discount, and expenses
    168       862       767       693       801       1,322  
Subsidiary preferred stock dividends
    180       1,947       2,062       1,988       1,933       1,869  
Adjust preferred stock dividends to pretax basis
    103       1,114       346       1,293       (1,007 )     812  
 
                                   
Total fixed charges
    5,573       54,220       55,562       54,926       53,590       67,170  
 
                                   
 
Less: Adjustment of preferred stock dividends to pretax basis
    103       1,114       346       1,293       (1,007 )     812  
 
Earnings available for fixed charges
  $ 13,777     $ 73,452     $ 57,057     $ 56,188     $ 64,657     $ 136,778  
 
                                   
 
Ratio of earnings to fixed charges
    2.47       1.35       1.02       1.02       1.20       2.03  
 
                                   
 
(1)   Ameren Corporation purchased CILCORP Inc. and subsidiaries on January 31, 2003.
 
(2)   Includes FIN 48 interest expense