EX-12.B 4 exhibit12b.htm EXHIBIT 12(B) - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES FOR THE THREE- AND TWELVE-MONTH PERIODS ENDED MARCH 31, 2009, 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 TWELVE
 MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
  
MARCH 31, 2009
  
Earnings from continuing operations
   $ 15,018     $ 101,242  
Income taxes
     3,800       24,798  
Earnings from continuing operations before income taxes
   $ 18,818     $ 126,040  
Fixed charges:
                
Interest, long-term debt
   $ 16,944     $ 50,459  
Interest, other (including interest on short-term debt)
     3,864       23,581  
Amortization of debt expense, premium, net
     541       2,026  
Portion of rentals representative of an interest factor
     121       524  
Total fixed charges
   $ 21,470     $ 76,590  
Earnings from continuing operations before income taxes
   $ 18,818     $ 126,040  
Plus:  total fixed charges from above
     21,470       76,590  
Earnings from continuing operations before income taxes and fixed charges
   $ 40,288     $ 202,630  
Ratio of earnings to fixed charges
     1.88  x     2.65  x