EX-12.4 5 dex124.htm GENCO'S STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Genco's Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.4

Ameren Energy Generating Company

Computation of Ratio of Earnings to Fixed Charges

(Thousands of Dollars, Except Ratios)

 

     Year Ended December 31,  
     2001     2002    2003    2004    2005  

Net income from continuing operations

   $ 75,924     $ 31,837    $ 75,185    $ 107,292    $ 96,732  

Less- Change in accounting principle

     (1,993 )     -      18,416      -      (15,600 )

Add- Taxes based on income

     47,296       20,340      38,538      64,245      72,433  
                                     

Net income before income taxes and change in accounting principle

     125,213       52,177      95,307      171,537      184,765  

Add- fixed charges:

             

Interest on long term debt

     75,327       85,777      100,855      93,118      71,720  

Amortization of net debt premium, discount, and expenses

     1,059       1,377      1,495      1,497      1,345  
                                     

Total fixed charges

     76,386       87,154      102,350      94,615      73,065  
                                     

Earnings available for fixed charges

     201,599       139,331      197,657      266,152      257,830  
                                     

Ratio of earnings to fixed charges

     2.63       1.59      1.93      2.81      3.52