EXHIBIT 12(b)

CLECO POWER
COMPUTATION OF EARNINGS TO FIXED CHARGES

(UNAUDITED)

		For the			For the
		three			twelve
		months ended			months ended
			March 31, 2004
			(Thousands, except ratios)
Earnings from operations		$	11,819		$	52,890
Income taxes			5,936			29,354
Earnings from operations before income taxes		$	17,755		$	82,244
Fixed charges:
	Interest, long-term debt	$	6,716		$	26,567
	Interest, other (including interest on short-term debt)		490			1,832
	Amortization of debt expense, premium, net		440			1,708
	Portion of rentals representative of an interest factor		160			543
Total fixed charges		$	7,806		$	30,650
Earnings from operations before income taxes
	and fixed charges	$	25,561		$	112,894
Ratio of earnings to fixed charges			3.27	x		3.68	x