EX-12.6 8 exhibit12_6.htm EXHIBIT 12.6 CILCO COMPUTATION OF RATIOS OF EARNINGS exhibit12_6.htm
Exhibit 12.6

 
Central Illinois Light Company
Computation of Ratios of Earnings to Fixed Charges and Combined
Fixed Charges and Preferred Stock Dividend Requirements
(Thousands of Dollars, Except Ratios)
  
           
           
 
3 Months Ended
  
Year Ended
  
 
March 31,
    
December 31,
  
 
2008
    
2007
  
Net income from continuing operations
 $ 26,195     $ 75,984  
Less- Change in accounting principle
   -       -  
Add- Taxes based on income
   16,155       39,195  
Net income before income taxes and change in accounting principle
   42,350       115,179  
               
Add- fixed charges:
              
Interest on long term debt  (1)
   5,550       26,071  
Estimated interest cost within rental expense
   87       343  
Amortization of net debt premium, discount,
     and expenses
   277       1,065  
Total fixed charges
   5,914       27,479  
               
Earnings available for fixed charges
   48,264       142,658  
               
Ratio of earnings to fixed charges
   8.16       5.19  
               
Earnings required for combined fixed
charges and preferred stock dividends:
        
Preferred stock dividends
   459       1,869  
Adjustment to pre-tax basis
   283       977  
    742       2,846  
               
Combined fixed charges and preferred stock
     dividend requirements
 $ 6,656     $ 30,325  
               
Ratio of earnings to combined fixed charges
     and preferred stock dividend requirements
   7.25       4.70  
               

(1)  Includes FIN 48 interest expense