EX-12.2 5 a2197952zex-12_2.htm EXHIBIT 12.2

EXHIBIT 12.2

 

Combined Ameren Illinois Company

Pro Forma Ratio of Earnings to Combined Fixed Charges and Preferred Dividends

For the Year Ended December 31, 2009
(Thousands of Dollars, Except Ratios)

 

 

 

Pro Forma

 

 

 

Combined Ameren
Illinois Company

 

Combined Ameren
Illinois Company, Net(1)

 

Net income from continuing operations

 

$

243,744

 

$

136,022

 

Add- Taxes based on income

 

139,885

 

79,706

 

 

 

 

 

 

 

Net income before income taxes

 

383,629

 

215,728

 

Add- fixed charges:

 

 

 

 

 

Interest on short-term and long-term debt(2)

 

161,395

 

145,229

 

Estimated interest cost within rental expense

 

3,797

 

3,671

 

Amortization of net debt premium, discount, and expenses

 

6,317

 

5,958

 

 

 

 

 

 

 

Total fixed charges

 

171,509

 

154,858

 

 

 

 

 

 

 

Earnings available for fixed charges

 

555,138

 

370,586

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.23

 

2.39

 

Earnings required for combined fixed charges and preferred stock dividends:

 

 

 

 

 

Preferred stock dividends

 

4,336

 

4,336

 

Adjustment to pretax basis

 

2,600

 

2,600

 

 

 

6,936

 

6,936

 

Combined fixed charges and preferred stock dividend requirements

 

$

178,445

 

$

161,794

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred stock dividend requirements

 

3.11

 

2.29

 

 


(1)            This column reflects the removal of AERG’s net assets as a result of the AERG distribution that will occur subsequent to the merger, subject to the receipt of a favorable ruling from the IRS.

 

(2)            Includes FIN 48 interest expense