EXHIBIT 12(b)

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

		2003		2002		2001		2000		1999
		(Thousands, except ratios)
Earnings from continuing operations		$    57,008		$ 59,574		$  59,138		$  59,857		$   56,683
Income taxes		29,846		32,172		31,290		30,998		27,272
Earnings from continuing operations before income taxes		$    86,854		$ 91,746		$  90,428		$  90,855		$   83,955
Fixed charges:
	Interest, long-term debt	$    25,841		$  24,762		$  23,813		$  24,929		$   25,377
	Interest, other (including interest on short-term (debt)	2,220		4,001		3,304		3,427		1,755
	Amortization of debt expense, premium, net	1,526		931		879		946		1,282
	Portion of rentals representative of an interest  factor	513		528		527		493		615
Total fixed charges		$    30,100		$  30,222		$  28,523		$  29,795		$   29,029
Earnings from continuing operations before income
taxes and fixed charges		$  116,954		$121,968		$118,951		$120,650		$ 112,984
Ratio of earnings to fixed charges		3.89	x	4.04	x	4.17	x	4.05	x	3.89	x
Total fixed charges from above		$    30,100		$  30,222		$  28,523		$  29,795		$   29,029
Preferred stock dividends		-		-		-		-		1,315
Total fixed charges and preferred stock dividends		$    30,100		$  30,222		$  28,523		$  29,795		$   30,344
Ratio of earnings to combined fixed charges
	and preferred stock dividends	3.89	x	4.04	x	4.17	x	4.05	x	3.72	x