EX-12.7 9 exhibit12_7.htm EXHIBIT 12.7 IP COMPUTATION OF RATIOS OF EARNINGS exhibit12_7.htm
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)
  
           
           
 
3 Months Ended
  
Year Ended
  
 
March 31,
    
December 31,
  
 
2008
    
2007
  
Net income from continuing operations
 $ 2,631     $ 25,780  
Add- Taxes based on income
   1,821       15,341  
Net income before income taxes
   4,452       41,121  
               
Add- fixed charges:
              
Interest on long term debt  (1)
   21,804       69,085  
Estimated interest cost within rental expense
   85       234  
Amortization of net debt premium, discount,
     expenses and losses
   2,189       8,454  
Total fixed charges
   24,078       77,773  
               
Earnings available for fixed charges
   28,530       118,894  
               
Ratio of earnings to fixed charges
   1.18       1.52  
               
Earnings required for combined fixed
charges and preferred stock dividends:
        
Preferred stock dividends
   574       2,294  
Adjustment to pre-tax basis
   397       1,365  
    971       3,659  
               
Combined fixed charges and preferred stock
     dividend requirements
 $ 25,049     $ 81,432  
               
Ratio of earnings to combined fixed charges
     and preferred stock dividend requirements
   1.13       1.46  
               

(1)  Includes FIN 48 interest expense