EX-12.6 7 dex126.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.6

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,
2010		    Year Ended
December 31,
2009

Net income from continuing operations

    $ 48,565       $ 79,520   

Add- Taxes based on income

      32,247         53,070   
             

Net income before income taxes

      80,812         132,590   

Add- fixed charges:

      

Interest on short-term and long-term debt (1)

      43,168         95,535   

Estimated interest cost within rental expense

      806         1,615   

Amortization of net debt premium, discount, and expenses

      1,867         4,209   
             

Total fixed charges

      45,841         101,359   
             

Earnings available for fixed charges

      126,653               233,949   
             

Ratio of earnings to fixed charges

      2.76         2.30   
             

Earnings required for combined fixed charges and preferred stock dividends:

      

Preferred stock dividends

      1,147         2,294   

Adjustment to pretax basis

      762         1,531   
             
     1,909         3,825   
             

Combined fixed charges and preferred stock dividend requirements

    $ 47,750       $ 105,184   
             

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

      2.65         2.22   
             

 

(1)

Includes interest expense related to uncertain tax positions