EX-12.B 6 exhibit12b.htm EXHIBIT 12(B) - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES FOR THE THREE-, SIX-, AND TWELVE-MONTH PERIODS ENDED JUNE 30, 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 SIX
 MONTHS ENDED
    
FOR THE TWELVE
MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
        
JUNE 30, 2009
        
Earnings from continuing operations
   $ 30,206     $ 45,224     $ 98,787  
Income taxes
    8,916       12,716       24,103  
Earnings from continuing operations before income taxes
   $ 39,122     $ 57,940     $ 122,890  
Fixed charges:
                        
Interest, long-term debt
   $ 16,465     $ 33,409     $ 55,132  
Interest, other (including interest on short-term debt)
     926       4,790       22,876  
Amortization of debt expense, premium, net
     535       1,076       2,127  
Portion of rentals representative of an interest factor
     134       197       513  
Total fixed charges
   $ 18,060     $ 39,472     $ 80,648  
Earnings from continuing operations before income taxes
  $ 39,122     $ 57,940     $ 122,890  
Plus:  total fixed charges from above
     18,060       39,472       80,648  
Earnings from continuing operations before income taxes and fixed charges
   $ 57,182     $ 97,412     $ 203,538  
Ratio of earnings to fixed charges
     3.17  x     2.47  x     2.52  x