EXHIBIT 12b

CLECO POWER
COMPUTATION OF EARNINGS TO FIXED CHARGES
AND EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(Unaudited)

		2002	2001	2000	1999	1998
		(Thousands, except ratios)
Earnings from continuing operations		$ 59,574	$ 59,138	$ 59,857	$ 56,683	$ 53,801
Income taxes		32,172	31,290	30,998	27,272	26,666
Earnings from continuing operations before income taxes		$ 91,746	$ 90,428	$ 90,855	$ 83,955	$ 80,467
Fixed charges:
	Interest, long-term debt	$ 24,762	$ 23,813	$ 24,929	$ 25,377	$ 23,350
	Interest, other (including interest on short-term debt)	4,001	3,304	3,427	1,755	3,666
	Amortization of debt expense, premium, net	931	879	946	1,282	1,248
	Portion of rentals representative of an interest factor	528	527	493	615	486
Total fixed charges		$ 30,222	$ 28,523	$ 29,795	$ 29,029	$ 28,750
Earnings from continuing operations before income taxes
	and fixed charges	$ 121,968	$ 118,951	$ 120,650	$ 112,984	$ 109,217
Ratio of earnings to fixed charges		4.04x	4.17x	4.05x	3.89x	3.80x
Total fixed charges from above		$ 30,222	$ 28,523	$ 29,795	$ 29,029	$ 28,750
Preferred stock dividends		-	-	-	1,315	2,814
Total fixed charges and preferred stock dividends		$ 30,222	$ 28,523	$ 29,795	$ 30,344	$ 31,564
Ratio of earnings to combined fixed charges
	and preferred stock dividends	4.04x	4.17x	4.05x	3.72x	3.46x