EX-12.6 8 ex12_6.htm EXHIBIT 12.6 - CENTRAL ILLINOIS LIGHT CO. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ex12_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)
  
           
           
 
9 Months Ended 
    
Year Ended 
  
 
September 30,
    
December 31,
  
 
2008
    
2007
  
Net income from continuing operations
 $ 61,671     $ 75,984  
Add- Taxes based on income
   34,037       39,195  
Net income before income taxes
   95,708       115,179  
               
Add- fixed charges:
              
Interest on long term debt  (1)
   14,665       26,071  
Estimated interest cost within rental expense
   270       343  
Amortization of net debt premium, discount,
and expenses
   834       1,065  
Total fixed charges
   15,769       27,479  
               
Earnings available for fixed charges
   111,477       142,658  
               
Ratio of earnings to fixed charges
   7.06       5.19  
               
Earnings required for combined fixed
charges and preferred stock dividends:
        
Preferred stock dividends
   1,136       1,869  
Adjustment to pre-tax basis
   627       977  
    1,763       2,846  
               
Combined fixed charges and preferred stock
dividend requirements
 $ 17,532     $ 30,325  
               
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
   6.35       4.70  

(1)  Includes FIN 48 interest expense