EX-12.B 3 exhibit12b.htm EXHIBIT 12(B) Exhibit 12(b)

 

CLECO POWER LLC   EXHIBIT 12(b)

 

Computation of Ratios of Earnings to Fixed Charges

FOR THE THREE
MONTHS ENDED

FOR THE TWELVE
MONTHS ENDED

(THOUSANDS, EXCEPT RATIOS)

MARCH 31, 2006

Earnings from continuing operations

 $     13,873

  $     65,345

Income taxes

           7,057

         39,878

Earnings from continuing operations before income taxes

 $     20,930

  $   105,223

Fixed charges:

 

     Interest, long-term debt

 $       8,418

  $     26,502

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

              474

           2,347

     Amortization of debt expense, premium, net

              314

           1,350

     Portion of rentals representative of an interest factor

                83

              285

Total fixed charges

 $       9,289

  $     30,484

Earnings from continuing operations before income taxes

 $     20,930

  $   105,223

     Plus:  total fixed charges from above

           9,289

         30,484

Earnings from continuing operations before income taxes and fixed charges

 $     30,219

  $   135,707

Ratio of earnings to fixed charges

             3.25

x

             4.45

x