EX-12.4 5 dex124.htm COMPUTATION OF RATIO TO FIXED CHARGES Computation of Ratio to Fixed Charges

Exhibit 12.4

Ameren Energy Generating Company

Computation of Ratio of Earnings to Fixed Charges

(Thousands of Dollars, Except Ratios)

 

00000000000000 00000000000000
     Six Months Ended
June 30,
     Year Ended
December 31,
 
     2011      2010  

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

   $ 34,055       $ (38,573

Add- Net income attributable to noncontrolling interest

     1,037         3,366   

Add- Taxes based on income

     24,617         19,422   
  

 

 

    

 

 

 

Net income (loss) before income taxes and noncontrolling interest

     59,709         (15,785

Add- fixed charges:

     

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

     31,102         76,321   

Estimated interest cost within rental expense

     143         295   

Amortization of net debt premium, discount, and expenses

     337         1,026   
  

 

 

    

 

 

 

Total fixed charges

     31,582         77,642   
  

 

 

    

 

 

 

Earnings available for fixed charges

   $ 91,291       $ 61,857   
  

 

 

    

 

 

 

Ratio of earnings to fixed charges

     2.89         -   (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.