EX-12.A 2 cnl-93012xq3ex12a.htm EXHIBIT 12(A) CNL-9.30.12-Q3 EX 12A


CLECO CORPORATION
EXHIBIT 12(a)
 
 
Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined
Fixed Charges and Preferred Stock Dividends
 
 
 
 
 
 
 
FOR THE THREE MONTHS ENDED

 
FOR THE NINE MONTHS ENDED

 
FOR THE TWELVE MONTHS ENDED

 
(THOUSANDS, EXCEPT RATIOS)
SEPT. 30, 2012
 
Earnings from continuing operations
$
63,818

 
$
140,536

 
$
171,179

 
Income taxes
20,179

 
54,110

 
83,555

 
Earnings from continuing operations before income taxes
$
83,997

 
$
194,646

 
$
254,734

 
Fixed charges:
 
 
 
 
 
 
Interest
$
21,851

 
$
62,312

 
$
54,548

 
Amortization of debt expense, premium, net
759

 
2,359

 
3,200

 
Portion of rentals representative of an interest factor
126

 
368

 
498

 
Interest of capitalized lease
399

 
1,230

 
1,662

 
Total fixed charges
$
23,135

 
$
66,269

 
$
59,908

 
Earnings from continuing operations before income taxes
$
83,997

 
$
194,646

 
$
254,734

 
Plus:  total fixed charges from above
23,135

 
66,269

 
59,908

 
Plus:  amortization of capitalized interest
128

 
384

 
511

 
Earnings from continuing operations before income taxes and fixed charges
$
107,260

 
$
261,299

 
$
315,153

 
Ratio of earnings to fixed charges
4.64

X
3.94

X
5.26

X