EX-12.3 6 ex12_3.htm EXHIBIT 12.3 CIPS'S STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.3 CIPS's Statement of Computation of Ratio of Earnings to Fixed Charges
Exhibit 12.3
Central Illinois Public Service Company
Computation of Ratios of Earnings to Fixed Charges and Combined
Fixed Charges and Preferred Stock Dividend Requirements
(Thousands of Dollars, Except Ratios)
             
             
 
  
3 Months Ended 
    
Year Ended
  
 
March 31, 
    
December 31,
  
   
2007
    
2006
  
Net income from continuing operations
$
10,777
  
$
37,372
  
Add- Taxes based on income
  
5,084
   
15,539
 
Net income before income taxes
  
15,861
   
52,911
 
             
Add- fixed charges:
            
Interest on long term debt
  
8,211
   
29,932
 
Estimated interest cost within rental expense
  
255
   
726
 
Amortization of net debt premium, discount,
and expenses
  
295
   
1,025
 
Total fixed charges
  
8,761
   
31,683
 
             
Earnings available for fixed charges
  
24,622
   
84,594
 
             
Ratio of earnings to fixed charges
  
2.81
   
2.67
 
             
Earnings required for combined fixed
charges and preferred stock dividends:
           
Preferred stock dividends
  
628
   
2,512
 
Adjustment to pre-tax basis
  
296
   
1,045
 
   
924
   
3,557
 
             
Combined fixed charges and preferred stock
dividend requirements
$
9,685
  
$
35,240
  
             
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
  
2.54
   
2.40