EX-12.B 5 exhibit12b.htm EXHIBIT 12(B) - CLECO POWER LLC, COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12(b) - Cleco Power LLC, Computation of Ratios of Earnings to Fixed Charges
 
 
CLECO POWER LLC
EXHIBIT 12(b)
 
Computation of Ratios of Earnings to Fixed Charges
 
                                          
UNAUDITED (THOUSANDS, EXCEPT RATIOS)
  
2006
      
2005
      
2004
      
2003
      
2002
      
Earnings from continuing operations
  
$
64,828
        
$
59,081
        
$
52,202
        
$
57,008
        
$
59,574
        
Income taxes
   
33,059
          
37,495
          
27,691
          
29,846
          
32,172
        
Earnings from continuing operations before income taxes
  
$
97,887
        
$
96,576
        
$
79,893
        
$
86,854
        
$
91,746
        
Fixed charges:
                                                              
Interest, long-term debt
  
$
33,138
        
$
24,583
        
$
26,909
        
$
25,841
        
$
24,762
        
Interest, other (including interest on short-term debt)
    
4,662
          
2,431
          
984
          
2,220
          
4,001
        
Amortization of debt expense, premium, net
    
1,295
          
1,482
          
1,797
          
1,526
          
931
        
Portion of rentals representative of an interest factor
    
506
          
283
          
267
          
513
          
528
        
Total fixed charges
  
$
39,601
        
$
28,779
        
$
29,957
        
$
30,100
        
$
30,222
        
Earnings from continuing operations before income taxes
 
$
97,887
        
$
96,576
        
$
79,893
        
$
86,854
        
$
91,746
        
Total fixed charges from above
    
39,601
          
28,779
          
29,957
          
30,100
          
30,222
        
Earnings from continuing operations before income taxes and fixed charges
  
$
137,488
        
$
125,355
        
$
109,850
        
$
116,954
        
$
121,968
        
Ratio of earnings to fixed charges
    
3.47
    
x
    
4.36
    
x
    
3.67
    
x
    
3.89
    
x
    
4.04
    
x