EX-12.B 7 cnl-12312011xex12b.htm EXHIBIT 12(B) CNL-12.31.2011-EX 12(b)


CLECO POWER LLC 
EXHIBIT 12(b)
 
 
Computation of Ratios of Earnings to Fixed Charges
UNAUDITED (THOUSANDS, EXCEPT RATIOS)
2011

 
2010

 
2009

 
2008

 
2007

 
Earnings from continuing operations
142,835

 
$
147,405

 
$
111,166

 
$
113,832

 
$
84,673

 
Income taxes
69,409

 
75,107

 
15,297

 
27,956

 
29,613

 
Earnings from continuing operations before income taxes
212,244

 
$
222,512

 
$
126,463

 
$
141,788

 
$
114,286

 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest
96,495

 
$
81,015

 
$
82,971

 
$
65,033

 
$
41,311

 
Amortization of debt expense, premium, net
2,382

 
2,279

 
1,764

 
1,892

 
1,399

 
Portion of rentals representative of an interest factor
493

 
431

 
536

 
523

 
558

 
Interest of capitalized lease
1,787

 
3,972

 
1,545

 
—

 
—

 
Total fixed charges
101,157

 
$
87,697

 
$
86,816

 
$
67,448

 
$
43,268

 
Earnings from continuing operations before income taxes
$
212,244

 
$
222,512

 
$
126,463

 
$
141,788

 
$
114,286

 
Total fixed charges from above
101,157

 
87,697

 
86,816

 
67,448

 
43,268

 
Earnings from continuing operations before income taxes and fixed charges
$
313,401

 
$
310,209

 
$
213,279

 
$
209,236

 
$
157,554

 
Ratio of earnings to fixed charges
3.10

x
3.54

x
2.46

x
3.10

x
3.64

x