CLECO CORPORATION  EXHIBIT 12(a)

Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined

Fixed Charges and Preferred Stock Dividends

UNAUDITED (THOUSANDS, EXCEPT RATIOS)	2008			2007			2006			2005			2004
Earnings from continuing operations	$	102,141		$	151,789		$	74,670		$	182,978		$	66,119
Equity income (loss) and dividends from investees		10,648			(84,327	)		6,201			(77,765	)		2,406
Income tax expense		18,457			70,772			42,049			115,951			35,864
Earnings from continuing operations before income taxes	$	131,246		$	138,234		$	122,920		$	221,164		$	104,389
Fixed charges:
Interest, long-term debt	$	53,969		$	39,903		$	40,138		$	35,780		$	47,244
Interest, other (including interest on short-term debt)		15,831			9,236			5,111			3,260			2,945
Amortization of debt expense, premium, net		2,242			1,972			1,867			2,399			3,261
Portion of rentals representative of an interest factor		523			558			506			284			286
Total fixed charges	$	72,565		$	51,669		$	47,622		$	41,723		$	53,736
Earnings from continuing operations before income taxes	$	131,246		$	138,234		$	122,920		$	221,164		$	104,389
Plus:  total fixed charges from above		72,565			51,669			47,622			41,723			53,736
Plus:  amortization of capitalized interest		407			407			407			407			485
Earnings from continuing operations before income taxes and fixed charges	$	204,218		$	190,310		$	170,949		$	263,294		$	158,610
Ratio of earnings to fixed charges		2.81	x		3.68	x		3.59	x		6.31	x		2.95	x
Total fixed charges from above	$	72,565		$	51,669		$	47,622		$	41,723		$	53,736
Preferred stock dividends		55			480			1,772			1,922			2,741
Total fixed charges and preferred stock dividends	$	72,620		$	52,149		$	49,394		$	43,645		$	56,477
Ratio of earnings to combined fixed charges
and preferred stock dividends		2.81	x		3.65	x		3.46	x		6.03	x		2.81	x