EX-12.B 5 cnl-33112xq1ex12b.htm EXHIBIT 12(B) CNL-3.31.12-Q1 EX 12B


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, 2012
Earnings from continuing operations
$
26,805

 
$
139,610

 
Income taxes
14,507

 
69,516

 
Earnings from continuing operations before income taxes
$
41,312

 
$
209,126

 
Fixed charges:
 
 
 
 
Interest
$
18,232

 
$
90,209

 
Amortization of debt expense, premium, net
598

 
2,382

 
Portion of rentals representative of an interest factor
118

 
500

 
Interest of capitalized lease
421

 
1,746

 
Total fixed charges
$
19,369

 
$
94,837

 
Earnings from continuing operations before income taxes
$
41,312

 
$
209,126

 
Plus:  total fixed charges from above
19,369

 
94,837

 
Earnings from continuing operations before income taxes and fixed charges
$
60,681

 
$
303,963

 
Ratio of earnings to fixed charges
3.13

X
3.21

X