EX-12.B 5 exhibit12b.htm EXHIBIT 12(B) - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES FOR THE THREE-, NINE-, AND TWELVE-MONTH PERIODS exhibit12b.htm
 
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, 2007
        
Earnings from continuing operations
   $
34,198
     $
65,146
     $
77,498
  
Income taxes
    
10,871
      
20,517
      
27,289
  
Earnings from continuing operations before income taxes
   $
45,069
     $
85,663
     $
104,787
  
Fixed charges:
                        
Interest, long-term debt
   $
8,051
     $
24,583
     $
32,699
  
Interest, other (including interest on short-term debt)
    
3,259
      
9,758
      
12,634
  
Amortization of debt expense, premium, net
    
347
      
1,044
      
1,380
  
Portion of rentals representative of an interest factor
    
138
      
421
      
565
  
Total fixed charges
   $
11,795
     $
35,806
     $
47,278
  
Earnings from continuing operations before income taxes
   $
45,069
     $
85,663
     $
104,787
  
Plus:  total fixed charges from above
    
11,795
      
35,806
      
47,278
  
Earnings from continuing operations before income taxes and fixed charges
   $
56,864
     $
121,469
     $
152,065
  
Ratio of earnings to fixed charges
    
4.82
  x    
3.39
 x     
3.22
 x