EXHIBIT 12b
CLECO POWER LLC
COMPUTATION OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
		For the		For the
		three		twelve
		months ended		months ended
		March 31, 2003
		(Thousands, except ratios)
Earnings from operations		$          15,937		$          61,414
Income taxes		6,428		30,675
Earnings from operations before income taxes		$          22,365		$          92,089
Fixed charges:
	Interest, long-term debt	$            5,990		$          24,773
	Interest, other (including interest on short-term debt)	879		4,324
	Amortization of debt expense, premium, net	258		983
	Portion of rentals representative of an interest factor	155		530
Total fixed charges		$            7,282		$          30,610
Earnings from operations before income taxes
	and fixed charges	$          29,647		$        122,699
Ratio of earnings to fixed charges		4.07	x	4.01	x