EX-12.7 15 dex127.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - IP Computation of Ratios of Earnings to Fixed Charges - IP

Exhibit 12.7

Illinois Power 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

    $ 27,543    $ 4,970

Add- Taxes based on income

      18,286      4,746
             

Net income before income taxes

      45,829      9,716

Add- fixed charges:

      

Interest on long term debt (1)

      50,666      91,143

Estimated interest cost within rental expense

      779      701

Amortization of net debt premium, discount, expenses and losses

      2,342      8,922
             

Total fixed charges

      53,787      100,766
             

Earnings available for fixed charges

      99,616      110,482
             

Ratio of earnings to fixed charges

      1.85      1.09
             

Earnings required for combined fixed charges and preferred stock dividends:

      

Preferred stock dividends

      1,147      2,294

Adjustment to pretax basis

      762      2,191
             
     1,909      4,485
             

Combined fixed charges and preferred stock dividend requirements

    $ 55,696    $ 105,251
             

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

      1.78      1.04
             

 

(1)

Includes FIN 48 interest expense