EX-12.B 6 exhibit12b.htm EXHIBIT 12(B) Exhibit 12(b)

CLECO POWER                                                                                                                                                                                                                                                                              EXHIBIT 12(b)

 

Computation of Ratios of Earnings to Fixed Charges

   FOR THE THREE
 MONTHS ENDED

 

 FOR THE TWELVE
  MONTHS ENDED

UNAUDITED (THOUSANDS, EXCEPT RATIOS)

March 31, 2005

Earnings from continuing operations

 $    7,609

  $     47,806

Income taxes

        4,674

         26,428

Earnings from continuing operations before income taxes

 $  12,283

  $     74,234

Fixed charges:

 

     Interest, long-term debt

 $    6,499

  $     26,691

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

           558

           1,051

     Amortization of debt expense, premium, net

           447

           1,804

     Portion of rentals representative of an interest factor

             79

              263

Total fixed charges

 $    7,583

  $     29,809

Earnings from continuing operations before income taxes

 $  12,283

  $     74,234

     Plus:  total fixed charges from above

        7,583

         29,809

Earnings from continuing operations before income taxes and fixed charges

 $  19,866

  $   104,043

Ratio of earnings to fixed charges

          2.62

x

             3.49

x