EX-12.5 7 exhibit12_5.htm EXHIBIT 12.5 CILCORP COMPUTATION OF RATIOS OF EARNINGS exhibit12_5.htm
Exhibit 12.5

 
CILCORP INC.
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
  
           
           
 
3 Months Ended
    
Year Ended
  
 
March 31,
    
December 31,
  
 
2008
    
2007
  
Net income from continuing operations
 $ 20,697     $ 49,402  
Less- Change in accounting principle
   -       -  
Add- Taxes based on income
   11,914       21,018  
               
Net income before income taxes and change in accounting principle
   32,611       70,420  
               
Add- fixed charges:
              
Interest on long term debt  (1)
   14,246       62,824  
Estimated interest cost within rental expense
   87       343  
Amortization of net debt premium, discount,
     and expenses
   348       1,322  
Subsidiary preferred stock dividends
   459       1,869  
Adjust preferred stock dividends to pre-tax
basis
   264       812  
Total fixed charges
   15,404       67,170  
               
Less: Adjustment of preferred stock dividends to pre-tax basis
   264       812  
               
Earnings available for fixed charges
 $ 47,751     $ 136,778  
               
Ratio of earnings to fixed charges
   3.09       2.03  
               

(1)  Includes FIN 48 interest expense