EX-12.6 14 dex126.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - CILCO Computation of Ratios of Earnings to Fixed Charges - CILCO

Exhibit 12.6

Central Illinois Light Company

Computation of Ratio of Earnings to Fixed Charges and Combined

Fixed Charges and Preferred Stock Dividend Requirements

(Thousands of Dollars, Except Ratios)

 

     Six Months Ended
June 30,

2009
   Year Ended
December 31,
2008

Net income from continuing operations

   $ 64,097    $ 69,638

Add- Taxes based on income

     35,923      38,673
             

Net income before income taxes

     100,020      108,311

Add- fixed charges:

     

Interest on long term debt (1)

     14,171      19,724

Estimated interest cost within rental expense

     409      429

Amortization of net debt premium, discount, and expenses

     858      1,112
             

Total fixed charges

     15,438      21,265
             

Earnings available for fixed charges

     115,458      129,576
             

Ratio of earnings to fixed charges

     7.47      6.09
             

Earnings required for combined fixed charges and preferred stock dividends:

     

Preferred stock dividends

     436      1,354

Adjustment to pretax basis

     244      752
             
     680      2,106
             

Combined fixed charges and preferred stock dividend requirements

   $ 16,118    $ 23,371
             

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

     7.16      5.54
             

 

(1)

Includes FIN 48 interest expense