EX-12.B 4 exhibit12b.htm EXHIBIT 12(B) -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, 2008
       
Earnings from continuing operations
  $ 32,662     $ 60,269     $ 113,994  
Income taxes
    9,610       16,569       36,535  
Earnings from continuing operations before income taxes
  $ 42,272     $ 76,838     $ 150,529  
Fixed charges:
                       
Interest, long-term debt
  $ 11,885     $ 21,260     $ 37,631  
Interest, other (including interest on short-term debt)
    1,539       3,965       5,875  
Amortization of debt expense, premium, net
    433       840       1,542  
Portion of rentals representative of an interest factor
    125       245       499  
Total fixed charges
  $ 13,982     $ 26,310     $ 45,547  
Earnings from continuing operations before income taxes
  $ 42,272     $ 76,838     $ 150,529  
Plus:  total fixed charges from above
    13,982       26,310       45,547  
Earnings from continuing operations before income taxes and fixed charges
  $ 56,254     $ 103,148     $ 196,076  
Ratio of earnings to fixed charges
    4.02  X     3.92  X     4.30  X