EX-12.B 7 exhibit12b.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES exhibit12b.htm
 
CLECO POWER LLC
 EXHIBIT 12(b)
 
Computation of Ratios of Earnings to Fixed Charges
UNAUDITED (THOUSANDS, EXCEPT RATIOS)
2007
    
2006
    
2005
    
2004
    
2003
  
Earnings from continuing operations
 $
84,673
     $
64,828
     $
59,081
     $
52,202
     $
57,008
  
Income taxes
  
29,613
      
33,059
      
37,495
      
27,691
      
29,846
  
Earnings from continuing operations before income taxes
 $
114,286
     $
97,887
     $
96,576
     $
79,893
     $
86,854
  
Fixed charges:
                                      
Interest, long-term debt
 $
32,903
     $
33,138
     $
24,583
     $
26,909
     $
25,841
  
Interest, other (including interest on short-term debt)
  
8,408
      
4,662
      
2,431
      
984
      
2,220
  
Amortization of debt expense, premium, net
  
1,399
      
1,295
      
1,482
      
1,797
      
1,526
  
Portion of rentals representative of an interest factor
  
558
      
506
      
283
      
267
      
513
  
Total fixed charges
 $
43,268
     $
39,601
     $
28,779
     $
29,957
     $
30,100
  
Earnings from continuing operations before income taxes
 $
114,286
     $
97,887
     $
96,576
     $
79,893
     $
86,854
  
Total fixed charges from above
  
43,268
      
39,601
      
28,779
      
29,957
      
30,100
  
Earnings from continuing operations before income taxes and fixed charges
 $
157,554
     $
137,488
     $
125,355
     $
109,850
     $
116,954
  
Ratio of earnings to fixed charges
  
3.64
      
3.47
      
4.36
      
3.67
      
3.89