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, 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 SIX 
MONTHS ENDED
    
FOR THE TWELVE
MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
        
JUNE 30, 2011
        
Earnings from continuing operations
   $ 35,694     $ 65,724     $ 141,879  
Income taxes
    15,879       30,279       73,656  
Earnings from continuing operations before income taxes
   $ 51,573     $ 96,003     $ 215,535  
Fixed charges:
                        
Interest, long-term debt
   $ 20,798     $ 41,641     $ 79,206  
Interest, other (including interest on short-term debt)
     3,242       6,917       6,729  
Amortization of debt expense, premium, net
     598       1,196       2,335  
Portion of rentals representative of an interest factor
     120       231       441  
Interest of capitalized lease
     452       914       1,865  
Total fixed charges
   $ 25,210     $ 50,899     $ 90,576  
Earnings from continuing operations before income taxes
  $ 51,573     $ 96,003     $ 215,535  
Plus:  total fixed charges from above
     25,210       50,899       90,576  
Earnings from continuing operations before income taxes and fixed charges
   $ 76,783     $ 146,902     $ 306,111  
Ratio of earnings to fixed charges
     3.05  x     2.89  x     3.38  x