EX-12.4 7 d238905dex124.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)

 

     Nine Months Ended
September 30,
2011		      Year Ended
      December 31,      
2010		  

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

    $ 28,738       $     (38,573)     

Add- Net income attributable to noncontrolling interest

      1,542         3,366      

Add- Taxes based on income

      24,335         19,422      
  

 

 

     

 

 

  

Net income (loss) before income taxes and noncontrolling interest

      54,615         (15,785)     

Add- fixed charges:

      

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

      46,533         76,321      

Estimated interest cost within rental expense

      217         295      

Amortization of net debt premium, discount, and expenses

      506         1,026      
  

 

 

     

 

 

  

Total fixed charges

      47,256         77,642      
  

 

 

     

 

 

  

Earnings available for fixed charges

    $ 101,871       $ 61,857      
  

 

 

     

 

 

  

Ratio of earnings to fixed charges

      2.16         - (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 under Part II, Item 8, of the 2010 Form 10-K for additional information.