EX-12.B 4 cnl-33113xq1ex12b.htm EXHIBIT 12(B) CNL-3.31.13-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)
MAR. 31, 2013
Earnings from continuing operations
$
27,793

 
$
147,836

 
Income taxes
14,238

 
67,863

 
Earnings from continuing operations before income taxes
$
42,031

 
$
215,699

 
Fixed charges:
 
 
 
 
Interest
$
21,031

 
$
82,774

 
Amortization of debt expense, premium, net
693

 
2,914

 
Portion of rentals representative of an interest factor
129

 
503

 
Interest of capitalized lease
168

 
1,238

 
Total fixed charges
$
22,021

 
$
87,429

 
Earnings from continuing operations before income taxes
$
42,031

 
$
215,699

 
Plus:  total fixed charges from above
22,021

 
87,429

 
Plus:  amortization of capitalized interest
51

 
204

 
Earnings from continuing operations before income taxes and fixed charges
$
64,103

 
$
303,332

 
Ratio of earnings to fixed charges
2.91

X
3.47

X