EX-12.B 9 exhibit12b.htm EXHIBIT 12(B) Exhibit 12(b)


CLECO POWER LLC                                                                                                                                                                                                                                                                      EXHIBIT 12(b)



Computation of Ratios of Earnings to Fixed Charges

UNAUDITED (THOUSANDS, EXCEPT RATIOS)

                     2004

                     2003

                     2002

                     2001

                     2000

Earnings from continuing operations

 $    52,202

   $           57,008

   $           59,574

   $           59,138

   $           59,857

Federal and state income taxes

        27,691

                29,846

                32,172

                31,290

                30,998

Earnings from continuing operations before income taxes

 $    79,893

   $           86,854

   $           91,746

   $           90,428

   $           90,855

Fixed charges:

     Interest, long-term debt

 $    26,909

   $           25,841

   $           24,762

   $           23,813

   $           24,929

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

             984

                  2,220

                  4,001

                  3,304

                  3,427

     Amortization of debt expense, premium, net

          1,797

                  1,526

                      931

                      879

                      946

     Portion of rentals representative of an interest factor

             267

                      513

                      528

                      527

                      493

Total fixed charges

 $    29,957

   $           30,100

   $           30,222

   $           28,523

   $           29,795

Earnings from continuing operations before income taxes and fixed charges

 $  109,850

   $         116,954

   $         121,968

   $         118,951

   $         120,650

Ratio of earnings to fixed charges

            3.67

x

                    3.89

x

                    4.04

x

                    4.17

x

                    4.05

x