EX-12.B 4 cnl-63013xq2ex12b.htm EXHIBIT 12(B) CNL-6.30.13-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, 2013
Earnings from continuing operations
$
34,464

 
$
62,257

 
$
145,016

 
Income taxes
17,965

 
32,203

 
65,328

 
Earnings from continuing operations before income taxes
$
52,429

 
$
94,460

 
$
210,344

 
Fixed charges:
 
 
 
 
 
 
Interest
$
20,194

 
$
41,225

 
$
82,520

 
Amortization of debt expense, premium, net
813

 
1,506

 
2,892

 
Portion of rentals representative of an interest factor
127

 
246

 
490

 
Interest of capitalized lease
160

 
327

 
1,114

 
Total fixed charges
$
21,294

 
$
43,304

 
$
87,016

 
Earnings from continuing operations before income taxes
$
52,429

 
$
94,460

 
$
210,344

 
Plus:  total fixed charges from above
21,294

 
43,304

 
87,016

 
Plus:  amortization of capitalized interest
51

 
102

 
204

 
Earnings from continuing operations before income taxes and fixed charges
$
73,774

 
$
137,866

 
$
297,564

 
Ratio of earnings to fixed charges
3.46

X
3.18

X
3.42

X