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, 2011, 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, 2011
  
Earnings from continuing operations
   $ 30,030     $ 145,275  
Income taxes
    14,400       77,012  
Earnings from continuing operations before income taxes
   $ 44,430     $ 222,287  
Fixed charges:
                
Interest, long-term debt
   $ 20,844     $ 76,572  
Interest, other (including interest on short-term debt)
     3,674       7,214  
Amortization of debt expense, premium, net
     598       2,309  
Portion of rentals representative of an interest factor
     113       431  
Interest of capitalized lease
     462       1,903  
Total fixed charges
   $ 25,691     $ 88,429  
Earnings from continuing operations before income taxes
  $ 44,430     $ 222,287  
Plus:  total fixed charges from above
     25,691       88,429  
Earnings from continuing operations before income taxes and fixed charges
   $ 70,121     $ 310,716  
Ratio of earnings to fixed charges
     2.73  x     3.51  x