EX-12.A 4 exhibit12a.htm EXHIBIT 12(A) - CLECO CORPORATION - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS Exhibit 12(a) - Cleco Corporation - Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined Fixed Charges and Preferred Stock Dividends

CLECO CORPORATION
 EXHIBIT 12(a)
 
Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined
Fixed Charges and Preferred Stock Dividends
 
   
FOR THE THREE MONTHS ENDED
  
FOR THE TWELVE MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
  
MARCH 31, 2007
  
Earnings from continuing operations
  
$
8,646
  
$
71,092
  
Undistributed equity income from investees
    
1,494
    
5,264
  
Income taxes
    
2,143
    
38,078
  
Earnings from continuing operations before income taxes
  
$
12,283
  
$
114,434
  
Fixed charges:
              
Interest, long-term debt
  
$
10,205
  
$
40,175
  
Interest, other (including interest on short-term debt)
    
2,959
    
7,514
  
Amortization of debt expense, premium, net
    
493
    
1,908
  
Portion of rentals representative of an interest factor
    
131
    
543
  
Total fixed charges
  
$
13,788
  
$
50,140
  
Earnings from continuing operations before income taxes
  
$
12,283
  
$
114,434
  
Plus: total fixed charges from above
    
13,788
    
50,140
  
Plus: amortization of capitalized interest
    
102
    
407
  
Earnings from continuing operations before income taxes and fixed charges
  
$
26,173
  
$
164,981
  
Ratio of earnings to fixed charges
    
1.90
  x  
3.29
  x
Total fixed charges from above
    
13,788
    
50,140
  
Preferred stock dividends
    
528
    
1,944
  
Total fixed charges and preferred stock dividends
    
14,316
    
52,084
  
Ratio of earnings to combined fixed charges and preferred stock dividends
    
1.83
  x  
3.17
  x