EX-12.B 9 exhibit12b.htm EXHIBIT 12(B) - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES FOR THE THREE-, NINE-, AND TWELVE-MONTH PERIODS ENDED SEPTEMBER 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 NINE
 MONTHS ENDED
    
FOR THE TWELVE
MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
        
SEPTEMBER 30, 2011
        
Earnings from continuing operations
   $ 53,833     $ 119,557     $ 143,377  
Income taxes
    31,656       61,935       78,744  
Earnings from continuing operations before income taxes
   $ 85,489     $ 181,492     $ 222,121  
Fixed charges:
                        
Interest, long-term debt
   $ 20,776     $ 62,416     $ 81,838  
Interest, other (including interest on short-term debt)
     4,258       11,175       13,325  
Amortization of debt expense, premium, net
     598       1,795       2,360  
Portion of rentals representative of an interest factor
     126       363       464  
Interest of capitalized lease
     442       1,356       1,827  
Total fixed charges
   $ 26,200     $ 77,105     $ 99,814  
Earnings from continuing operations before income taxes
  $ 85,489     $ 181,492     $ 222,121  
Plus:  total fixed charges from above
     26,200       77,105       99,814  
Earnings from continuing operations before income taxes and fixed charges
   $ 111,689     $ 258,597     $ 321,935  
Ratio of earnings to fixed charges
     4.26  X     3.35  X     3.23  X