EX-12.B 9 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 NINE
MONTHS ENDED
    
FOR THE TWELVE
MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
        
SEPTEMBER 30, 2009
        
Earnings from continuing operations
   $ 43,552     $ 88,776     $ 111,801  
Income taxes
    1,316       14,033       14,854  
Earnings from continuing operations before income taxes
   $ 44,868     $ 102,809     $ 126,655  
Fixed charges:
                        
Interest, long-term debt
   $ 15,713     $ 49,122     $ 64,751  
Interest, other (including interest on short-term debt)
     3,918       8,708       13,518  
Amortization of debt expense, premium, net
     537       1,613       2,138  
Portion of rentals representative of an interest factor
     134       383       528  
Interest, capitalized lease
     515       1,452       1,452  
Total fixed charges
   $ 20,817     $ 61,278     $ 82,387  
Earnings from continuing operations before income taxes
  $ 44,868     $ 102,809     $ 126,655  
Plus:  total fixed charges from above
     20,817       61,278       82,387  
Earnings from continuing operations before income taxes and fixed charges
   $ 65,685     $ 164,087     $ 209,042  
Ratio of earnings to fixed charges
     3.16  X     2.68  X     2.54  X