EX-12.7 9 exhibit12_7.htm IP COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES IP Computation of Ratios of Earnings to Fixed Charges
Exhibit 12.7

Illinois Power Company
Computation of Ratios of Earnings to Fixed Charges and Combined
Fixed Charges and Preferred Stock Dividend Requirements
(Thousands of Dollars, Except Ratios)
     
 
 
 
Six Months
 
Year
  
 
Ended
  
Ended
  
 
June 30,
  
December 31,
  
   
2006
    
2005
  
Net income from continuing operations
$
18,793
  
$
97,039
  
Add- Taxes based on income
  
12,674
   
65,171
 
Net income before income taxes
 
31,467
   
162,210
 
             
Add- fixed charges:
           
Interest on long term debt
  
22,007
   
41,028
 
Estimated interest cost within rental expense
  
346
   
1,290
 
Amortization of net debt premium, discount,
expenses and losses
  
1,697
   
2,315
 
Total fixed charges
  
24,050
   
44,633
 
             
Earnings available for fixed charges
  
55,517
   
206,843
 
             
Ratio of earnings to fixed charges
  
2.30
   
4.63
 
             
Earnings required for combined fixed
charges and preferred stock dividends:
           
Preferred stock dividends
  
1,147
   
2,294
 
Adjustment to pre-tax basis
  
729
   
1,542
 
   
1,876
   
3,836
 
             
Combined fixed charges and preferred stock
dividend requirements
$
25,926
  
$
48,469
  
             
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
  
2.14
   
4.26