EX-12.B 9 exhibit12b.htm EXHIBIT 12(B) - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES FOR THE THREE-, NINE-, AND TWELVE-MONTH PERIODS ENDED SEPTEMBER 30, 2008, FOR CLECO POWER 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, 2008
        
Earnings from continuing operations
   $ 30,538     $ 90,807     $ 110,333  
Income taxes
     10,566       27,135       36,230  
Earnings from continuing operations before income taxes
   $ 41,104     $ 117,942     $ 146,563  
Fixed charges:
                        
Interest, long-term debt
   $ 14,747     $ 36,007     $ 44,327  
Interest, other (including interest on short-term debt)
     4,623       8,588       7,239  
Amortization of debt expense, premium, net
     526       1,366       1,720  
Portion of rentals representative of an interest factor
     130       375       502  
Total fixed charges
   $ 20,026     $ 46,336     $ 53,788  
Earnings from continuing operations before income taxes
   $ 41,104     $ 117,942     $ 146,563  
Plus:  total fixed charges from above
     20,026       46,336       53,788  
Earnings from continuing operations before income taxes and fixed charges
   $ 61,130     $ 164,278     $ 200,351  
Ratio of earnings to fixed charges
     3.05  X     3.55  X     3.72  X