EX-12.4 6 dex124.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 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)

 

    Three Months Ended
March 31,

2011
     Year Ended
December 31,

2010
 

Net income (loss) from continuing operations attributable to Ameren Energy Generating Company

  $                 21,010       $ (38,573

Add- Net income attributable to noncontrolling interest

    1,242         3,366   

Add- Taxes based on income

    15,775                         19,422   
                

Net income (loss) before income taxes and noncontrolling interest

    38,027         (15,785

Add- fixed charges:

    

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

    16,422         76,321   

Estimated interest cost within rental expense

    72         295   

Amortization of net debt premium, discount, and expenses

    169         1,026   
                

Total fixed charges

    16,663         77,642   
                

Earnings available for fixed charges

  $ 54,690       $ 61,857   
                

Ratio of earnings to fixed charges

    3.28         - (b) 
                

 

(a) 

Includes interest expense related to uncertain tax positions

(b) 

Earnings are inadequate to cover fixed charges by $15.8 million for the year ended December 31, 2010. In the third quarter of 2010, Ameren Energy Generating Company recorded a goodwill and other impairment charge of $170 million. See
Note 17 - Goodwill and Other Asset Impairments of the 2010 Form 10-K for additional information.