EX-12 3 a2087084zex-12.txt EXHIBIT 12 EXHIBIT 12 ILLINOIS POWER COMPANY STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (THOUSANDS OF DOLLARS)
TWELVE MONTHS SIX MONTHS ENDED JUNE 30, 2002 ENDED JUNE 30, 2002 ---------------------- ---------------------- Earnings Available for Fixed Charges: Net Income $ 152,294 $ 80,692 Add: Income Taxes: Current 20,409 (6,832) Deferred - Net 22,986 27,930 Allocated income taxes 69,805 35,475 Investment tax credit - deferred (1,176) (694) Interest on long-term debt 97,520 47,582 Amortization of debt expense and premium-net, and other interest charges 17,280 8,453 One-third of all rentals (Estimated to be representative of the interest component) 2,437 1,153 ---------------------- ---------------------- Earnings available for fixed charges $ 381,555 $ 193,759 ====================== ====================== Fixed charges: Interest on long-term debt $ 97,520 $ 47,582 Amortization of debt expense and premium-net, and other interest charges 17,280 8,453 One-third of all rentals (Estimated to be representative of the interest component) 2,437 1,153 ---------------------- ---------------------- Total Fixed Charges $ 117,237 $ 57,188 ====================== ====================== Ratio of earnings to fixed charges 3.25 3.39 ====================== ======================