EX-12.(B) 4 cnl-33116xq1ex12b.htm EXHIBIT 12.(B) Exhibit


CLECO POWER
EXHIBIT 12(b)
 
Computation of Ratios of Earnings to Fixed Charges (Unaudited)
 
 
 
 
(THOUSANDS, EXCEPT RATIOS)
FOR THE THREE MONTHS ENDED MAR. 31, 2016

 
FOR THE TWELVE MONTHS ENDED DEC. 31, 2015

 
Net income
$
20,879

 
$
141,350

 
Income tax expense
12,563

 
79,294

 
Total fixed charges (from below)
19,662

 
78,364

 
Total earnings
$
53,104

 
$
299,008

 
Fixed charges:
 
 
 
 
Interest
$
18,757

 
$
74,394

 
Amortization of debt expense, premium, net
713

 
3,052

 
Portion of rentals representative of an interest factor
129

 
572

 
Interest of capitalized lease
63

 
346

 
Total fixed charges
$
19,662

 
$
78,364

 
Ratio of earnings to fixed charges
2.70

X
3.82

X