EX-12 3 a2093257zex-12.txt EXHIBIT 12 EXHIBIT 12 ILLINOIS POWER COMPANY STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Thousands of Dollars)
TWELVE MONTHS NINE MONTHS ENDED SEPT. 30, 2002 ENDED SEPT. 30, 2002 -------------------- -------------------- Earnings Available for Fixed Charges: Net Income $ 155,225 $ 137,584 Add: Income Taxes: Current 27,067 15,827 Deferred - Net 21,450 30,077 Allocated income taxes 69,677 52,053 Investment tax credit - deferred (1,310) (1,069) Interest on long-term debt 94,881 70,311 Amortization of debt expense and premium-net, and other interest charges 17,791 13,272 One-third of all rentals (Estimated to be representative of the interest component) 2,275 1,614 --------- --------- Earnings available for fixed charges $ 387,056 $ 319,669 ========= ========= Fixed charges: Interest on long-term debt $ 94,881 $ 70,311 Amortization of debt expense and premium-net, and other interest charges 17,791 13,272 One-third of all rentals (Estimated to be representative of the interest component) 2,275 1,614 --------- --------- Total Fixed Charges $ 114,947 $ 85,197 ========= ========= Ratio of earnings to fixed charges 3.37 3.75 ========= =========
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