EX-12.A 4 exhibit12a.htm 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-, NINE-, AND TWELVE-MONTH PERIODS exhibit12a.htm
 
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 NINE
MONTHS ENDED
    
FOR THE TWELVE 
MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
        
SEPTEMBER 30, 2007
        
Earnings from continuing operations
   $
68,045
     $
139,881
     $
151,016
  
Undistributed equity income from investees
    
27,678
      
97,466
      
83,615
  
Income taxes
    
30,077
      
63,187
      
66,314
  
Earnings from continuing operations before income taxes
   $
70,444
     $
105,602
     $
133,715
  
Fixed charges:
                        
Interest, long-term debt
   $
9,801
     $
29,833
     $
39,699
  
Interest, other (including interest on short-term debt)
    
3,461
      
10,479
      
13,572
  
Amortization of debt expense, premium, net
    
490
      
1,474
      
1,958
  
Portion of rentals representative of an interest factor
    
138
      
421
      
565
  
Total fixed charges
   $
13,890
     $
42,207
     $
55,794
  
Earnings from continuing operations before income taxes
   $
70,444
     $
105,602
     $
133,715
  
Plus:  total fixed charges from above
    
13,890
      
42,207
      
55,794
  
Plus:  amortization of capitalized interest
    
102
      
305
      
407
  
Earnings from continuing operations before income taxes and fixed charges
   $
84,436
     $
148,114
     $
189,916
  
Ratio of earnings to fixed charges
    
6.08
  x    
3.51
  x    
3.40
  x
Total fixed charges from above
   $
13,890
     $
42,207
     $
55,794
  
Preferred stock dividends
    
17
      
462
      
892
  
Total fixed charges and preferred stock dividends
   $
13,907
     $
42,669
     $
56,686
  
Ratio of earnings to combined fixed charges and preferred stock dividends
    
6.07
  x    
3.47
  x    
3.35
  x