EX-12.B 3 cnl-63012xq2ex12b.htm EXHIBIT 12(B) CNL-6.30.12-Q2 EX 12B


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, 2012
Earnings from continuing operations
$
37,284

 
$
64,089

 
$
141,201

 
Income taxes
20,501

 
35,008

 
74,137

 
Earnings from continuing operations before income taxes
$
57,785

 
$
99,097

 
$
215,338

 
Fixed charges:
 
 
 
 
 
 
Interest
$
20,449

 
$
38,681

 
$
86,618

 
Amortization of debt expense, premium, net
834

 
1,432

 
2,618

 
Portion of rentals representative of an interest factor
124

 
242

 
498

 
Interest of capitalized lease
410

 
831

 
1,705

 
Total fixed charges
$
21,817

 
$
41,186

 
$
91,439

 
Earnings from continuing operations before income taxes
$
57,785

 
$
99,097

 
$
215,338

 
Plus:  total fixed charges from above
21,817

 
41,186

 
91,439

 
Earnings from continuing operations before income taxes and fixed charges
$
79,602

 
$
140,283

 
$
306,777

 
Ratio of earnings to fixed charges
3.65

X
3.41

X
3.35

X