EX-12.B 4 exhibit12b.htm EXHIBIT 12(B) - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES FOR THE THREE-, SIX-, AND TWELVE-MONTH PERIODS ENDED JUNE 30, 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 SIX
MONTHS ENDED
    
FOR THE TWELVE
MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
        
JUNE 30, 2010
        
Earnings from continuing operations
   $ 39,089     $ 71,249     $ 137,191  
Income taxes
    19,236       31,731       34,312  
Earnings from continuing operations before income taxes
   $ 58,325     $ 102,980     $ 171,503  
Fixed charges:
                        
Interest, long-term debt
   $ 18,163     $ 36,360     $ 69,496  
Interest, other (including interest on short-term debt)
     3,728       7,277       18,912  
Amortization of debt expense, premium, net
     572       1,141       1,830  
Portion of rentals representative of an interest factor
     106       218       473  
Interest of capitalized lease
     490       988       2,011  
Total fixed charges
   $ 23,059     $ 45,984     $ 92,722  
Earnings from continuing operations before income taxes
  $ 58,325     $ 102,980     $ 171,503  
Plus:  total fixed charges from above
     23,059       45,984       92,722  
Earnings from continuing operations before income taxes and fixed charges
   $ 81,384     $ 148,964     $ 264,225  
Ratio of earnings to fixed charges
     3.53  x     3.24  x     2.85  x