EX-12 8 exhibit12b.htm EXHIBIT 12B Exhibit 12(b)

Exhibit 12(b)

 CLECO POWER
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)

 

For the three months ended
June 30, 2001

For the six months ended
June 30, 2001

For the twelve months ended
June 30, 2001

 

(In thousands, except ratios)

       

Earnings

$ 12,346   

$ 21,170   

$   51,569  

Income taxes

      6,451   

    10,901   

      27,115  

   

   

 

Earnings from continuing operations before income taxes

$ 18,797   

$ 32,071   

$   78,684  

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Fixed charges:

     

Interest, long-term debt

$    6,089   

$ 12,220   

$    24,391  

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

1,122   

2,294   

4,165  

Amortization of debt expense, premium, net

225   

449   

905  

Portion of rentals representative of an interest factor

          17   

       220   

          545  

   

   

  

Total fixed charges

$    7,453   

$ 15,183   

$   30,006  

 

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Earnings from continuing operations before

     

     income taxes and fixed charges

$  26,250   

$ 47,254   

$ 108,690  

 

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Ratio of earnings to fixed charges

      3.52x   

     3.11x   

      3.62x  

 

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