EX-12.B 3 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 NINE MONTHS ENDED
    
FOR THE TWELVE MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
  
SEPTEMBER 30, 2006
        
Earnings from continuing operations
$
21,556
      
$
52,476
      
$
59,440
    
Income taxes
 
11,428
        
26,287
        
35,483
    
Earnings from continuing operations before income taxes
$
32,984
      
$
78,763
      
$
94,923
    
Fixed charges:
                            
Interest, long-term debt
$
8,184
      
$
25,022
      
$
31,832
    
Interest, other (including interest on short-term debt)
  
628
        
1,786
        
1,678
    
Amortization of debt expense, premium, net
  
332
        
959
        
1,379
    
Portion of rentals representative of an interest factor
  
85
        
252
        
341
    
Total fixed charges
$
9,229
      
$
28,019
      
$
35,230
    
Earnings from continuing operations before income taxes
$
32,984
      
$
78,763
      
$
94,923
    
Plus: total fixed charges from above
  
9,229
        
28,019
        
35,230
    
Earnings from continuing operations before income taxes and fixed charges
$
42,213
      
$
106,782
      
$
130,153
    
Ratio of earnings to fixed charges 
  
4.57
x 
      
3.81
x 
      
3.69
x