CLECO CORPORATION    EXHIBIT 12(a)

Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined Fixed Charges and Preferred Stock Dividends (Unaudited)
										FOR THE YEAR ENDED DEC. 31,
(THOUSANDS, EXCEPT RATIOS)	2015			2014			2013			2012			2011
Net income	$	133,669		$	154,739		$	160,685		$	163,648		$	195,848
Income tax expense	77,704			67,116			79,575			65,327			102,897
Undistributed equity loss (income) from investees	7			—			—			—			(3,385		)
Amortization of capitalized interest	—			77			308			308			376
Total fixed charges (from below)	79,795			76,163			86,680			88,556			74,726
Total earnings	$	291,175		$	298,095	*	$	327,248	*	$	317,839	*	$	370,462		*
Fixed charges
Interest	$	75,535		$	71,959		$	81,173		$	83,293		$	69,428
Amortization of debt expense, premium, net	3,342			3,227			4,397			3,156			3,017
Portion of rentals representative of an interest factor	572			489			488			489			494
Interest of capitalized lease	346			488			622			1,618			1,787
Total fixed charges	$	79,795		$	76,163		$	86,680		$	88,556	†	$	74,726
Total fixed charges (from above)	$	79,795		$	76,163		$	86,680		$	88,556		$	74,726
Preferred stock dividends	—			—			—			—			40
Total fixed charges and preferred stock dividends	$	79,795		$	76,163		$	86,680		$	88,556		$	74,766
Ratio of earnings to fixed charges	3.65		x	3.91		x	3.78		x	3.59		x	4.96			x
Ratio of earnings to combined fixed charges and preferred stock dividends	3.65		x	3.91		x	3.78		x	3.59		x	4.95			x

* For the year ended December 31, 2014, the calculation of total earnings was corrected to remove the effects of approximately $0.4 million of amortization of capitalized interest. For each of the years ended

December 31, 2013, 2012, and 2011, the calculation of total earnings was corrected to remove the effects of approximately $0.2 million of amortization of capitalized interest.

^†  For the year ended December 31, 2012, total fixed charges was corrected to include the effects of approximately $0.2 million of interest charges.