EX-12.B 8 exhibit12b.htm EXHIBIT 12(B) - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES FOR THE THREE- AND TWELVE-MONTH PERIODS ENDED MARCH 31, 2010, 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, 2010
  
Earnings from continuing operations
   $ 32,160     $ 128,307  
Income taxes
    12,495       23,992  
Earnings from continuing operations before income taxes
   $ 44,655     $ 152,299  
Fixed charges:
                
Interest, long-term debt
   $ 18,198     $ 67,797  
Interest, other (including interest on short-term debt)
     3,550       16,111  
Amortization of debt expense, premium, net
     568       1,792  
Portion of rentals representative of an interest factor
     112       510  
Interest of capitalized lease
     498       2,042  
Total fixed charges
   $ 22,926     $ 88,252  
Earnings from continuing operations before income taxes
  $ 44,655     $ 152,299  
Plus:  total fixed charges from above
     22,926       88,252  
Earnings from continuing operations before income taxes and fixed charges
   $ 67,581     $ 240,551  
Ratio of earnings to fixed charges
     2.95  X     2.73  X