EX-12.3 4 dex123.htm COMPUTATION OF RATIO TO FIXED CHARGES Computation of Ratio to Fixed Charges

Exhibit 12.3

Ameren Illinois Company

Computation of Ratio of Earnings to Fixed Charges and Combined

Fixed Charges and Preferred Stock Dividend Requirements

(Thousands of Dollars, Except Ratios)

 

00000000000000 00000000000000
     Six Months Ended
June  30,

2011
     Year Ended
December 31,
2010
 

Net income from continuing operations

   $ 71,728       $ 212,547   

Add- Taxes based on income

     46,506         136,614   
  

 

 

    

 

 

 

Net income before income taxes

     118,234         349,161   

Add- fixed charges:

     

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

     68,139         152,667   

Estimated interest cost within rental expense

     1,812         3,899   

Amortization of net debt premium, discount, and expenses

     2,659         5,250   
  

 

 

    

 

 

 

Total fixed charges

     72,610         161,816   
  

 

 

    

 

 

 

Earnings available for fixed charges

     190,844         510,977   
  

 

 

    

 

 

 

Ratio of earnings to fixed charges

     2.63         3.15   
  

 

 

    

 

 

 

Earnings required for combined fixed charges and preferred stock dividends:

     

Preferred stock dividends

     1,512         4,435   

Adjustment to pretax basis

     980         2,396   
  

 

 

    

 

 

 
     2,492         6,831   
  

 

 

    

 

 

 

Combined fixed charges and preferred stock dividend requirements

   $ 75,102       $ 168,647   
  

 

 

    

 

 

 

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

     2.54         3.02   
  

 

 

    

 

 

 

 

(a) 

Includes interest expense related to uncertain tax positions