EX-12.(B) 6 exhibit12b.htm EXHIBIT 12(B) - CLECO POWER - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12(b) - Cleco Power - Computation of Ratios of Earnings to Fixed Charges
 

CLECO POWER                                                                                          EXHIBIT 12(b)

Computation of Ratios of Earnings to Fixed Charges                                                                             
               
   
FOR THE THREE MONTHS ENDED
  
FOR THE SIX MONTHS ENDED
  
FOR THE TWELVE
MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
      
JUNE 30, 2006
      
Earnings from continuing operations
  
$
17,047
  
$
30,921
  
$
65,068
  
Income taxes
   
7,802
    
14,859
    
36,897
  
Earnings from continuing operations before income taxes
  
$
24,849
  
$
45,780
  
$
101,965
  
Fixed charges:
                    
Interest, long-term debt
  
$
8,801
  
$
17,412
  
$
30,514
  
Interest, other (including interest on short-term debt)
    
302
    
584
    
1,169
  
Amortization of debt expense, premium, net
    
313
    
627
    
1,336
  
Portion of rentals representative of an interest factor
    
87
    
171
    
347
  
Total fixed charges
  
$
9,503
  
$
18,794
  
$
33,366
  
Earnings from continuing operations before income taxes
 
$
24,849
  
$
45,780
  
$
101,965
  
Plus: total fixed charges from above
    
9,503
    
18,794
    
33,366
  
Earnings from continuing operations before income taxes and fixed charges
  
$
34,352
  
$
64,574
  
$
135,331
  
Ratio of earnings to fixed charges
    
3.61
  x  
3.44
  x  
4.06
  x