EX-12.B 6 exhibit12b.htm Exhibit 12(b)

CLECO POWER  

EXHIBIT 12(b)

Computation of Ratios of Earnings to Fixed Charges

   FOR THE THREE
MONTHS ENDED

       FOR THE SIX
MONTHS ENDED

  FOR THE TWELVE
MONTHS ENDED

(THOUSANDS, EXCEPT RATIOS)

JUNE 30, 2005

Earnings from continuing operations

 $  17,324

  $     24,934

  $     55,234

Income taxes

      10,783

         15,456

         30,553

Earnings from continuing operations before income taxes

 $  28,107

  $     40,390

  $     85,787

Fixed charges:

 

 

     Interest, long-term debt

 $    5,345

  $     11,844

  $     25,307

     Interest, other (including interest on short-term debt)

           924

           1,482

           2,583

     Amortization of debt expense, premium, net

           327

              774

           1,672

     Portion of rentals representative of an interest factor

           109

              153

              282

Total fixed charges

 $    6,705

  $     14,253

  $     29,844

Earnings from continuing operations before income taxes

 $  28,107

  $     40,390

  $     85,787

     Plus:  total fixed charges from above

        6,705

         14,253

         29,844

Earnings from continuing operations before income taxes and fixed charges

 $  34,812

  $     54,643

  $   115,631

Ratio of earnings to fixed charges

          5.19

x

             3.83

x

             3.87

x