EX-12.1 3 ex12_1.htm EXHIBIT 12.1 - AMEREN CORP. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ex12_1.htm
Exhibit 12.1
 
Ameren Corporation
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
  
           
           
 
9 Months Ended
    
Year Ended
  
 
September 30,
    
December 31,
  
 
2008
    
2007
  
Net income from continuing operations
 $ 547,554     $ 617,804  
Less- Minority interest
   (24,671 )     (27,266 )
Add- Taxes based on income
   319,096       330,141  
               
Net income before income taxes and minority interest
   891,321       975,211  
               
Add- fixed charges:
              
Interest on long term debt  (1)
   329,865       421,406  
Estimated interest cost within rental expense
   4,489       5,020  
Amortization of net debt premium, discount,
     and expenses
   14,473       18,638  
Subsidiary preferred stock dividends
   7,888       10,871  
Adjust preferred stock dividends to pre-tax
basis
   4,532       5,709  
Total fixed charges
   361,247       461,644  
               
Less: Adjustment of preferred stock dividends to pre-tax basis
   4,532       5,709  
               
Earnings available for fixed charges
 $ 1,248,036     $ 1,431,146  
               
Ratio of earnings to fixed charges
   3.45       3.10  

(1)  Includes FIN 48 interest expense