EX-12.4 5 d375869dex124.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)

 

                                                               
     Six Months Ended
June 30,

2012
    Year Ended
December 31,
2011 (a)
 

Earnings available for fixed charges, as defined:

    

Net income (loss) from continuing operations attributable to Ameren

    

Energy Generating Company

   $ (4,538   $ 44,153   

Net income (loss) attributable to noncontrolling interest

     (4,688     1,061   

Taxes based on income

     (7,711     32,285   

Fixed charges excluding capitalized interest

     26,255        61,975   

Amortization of capitalized interest

     714        1,176   
  

 

 

   

 

 

 

Earnings available for fixed charges, as defined

   $ 10,032      $ 140,650   
  

 

 

   

 

 

 

Fixed charges, as defined:

    

Interest expense on short-term and long-term debt (b)

   $ 25,775      $ 61,020   

Capitalized interest

     5,843        2,886   

Estimated interest cost within rental expense

     143        284   

Amortization of net debt premium, discount, and expenses

     337        671   
  

 

 

   

 

 

 

Total fixed charges, as defined

   $ 32,098      $ 64,861   
  

 

 

   

 

 

 

Ratio of earnings to fixed charges

     - (c)      2.17   
  

 

 

   

 

 

 

 

(a)

During 2011, Genco recorded a charge to earnings of $35 million related to the closure of two energy centers and an asset impairment. See Note 17 - Goodwill, Impairment and Other Charges under Part II, Item 8 of the 2011 Form 10-K for additional information.

(b)

Includes interest expense related to uncertain tax positions

(c)

Earnings are inadequate to cover fixed charges by $22 million for the six months ended June 30, 2012.