EX-12.B 4 exhibit12b.htm EXHIBIT 12(B) - CLECO POWER - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES exhibit12b.htm
 
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, 2007
        
Earnings from continuing operations
   $
18,672
     $
30,948
     $
64,855
  
Income taxes
    
6,531
      
9,647
      
27,847
  
Earnings from continuing operations before income taxes
   $
25,203
     $
40,595
     $
92,702
  
Fixed charges:
                        
Interest, long-term debt
   $
8,077
     $
16,532
     $
32,832
  
Interest, other (including interest on short-term debt)
    
3,589
      
6,499
      
10,003
  
Amortization of debt expense, premium, net
    
348
      
698
      
1,365
  
Portion of rentals representative of an interest factor
    
151
      
282
      
559
  
Total fixed charges
   $
12,165
     $
24,011
     $
44,759
  
Earnings from continuing operations before income taxes
   $
25,203
     $
40,595
     $
92,702
  
Plus:  total fixed charges from above
    
12,165
      
24,011
      
44,759
  
Earnings from continuing operations before income taxes and fixed charges
   $
37,368
     $
64,606
     $
137,461
  
Ratio of earnings to fixed charges
    
3.07
  x    
2.69
  x    
3.07
  x