EX-12.7 10 ex12_7.htm EXHIBIT 12.7 IP'S STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.7 IP's Statement of Computation of Ratio of Earnings to Fixed Charges
Exhibit 12.7
Illinois Power 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
$
12,501
  
$
56,659
  
Add- Taxes based on income
  
8,229
   
37,246
 
Net income before income taxes
 
20,730
   
93,905
 
             
Add- fixed charges:
           
Interest on long term debt
  
14,485
   
46,167
 
Estimated interest cost within rental expense
  
60
   
205
 
Amortization of net debt premium, discount,
expenses and losses
  
2,079
   
3,537
 
Total fixed charges
  
16,624
   
49,909
 
             
Earnings available for fixed charges
  
37,354
   
143,814
 
             
Ratio of earnings to fixed charges
  
2.24
   
2.88
 
             
Earnings required for combined fixed
charges and preferred stock dividends:
           
Preferred stock dividends
  
574
   
2,294
 
Adjustment to pre-tax basis
  
378
   
1,508
 
   
952
   
3,802
 
             
Combined fixed charges and preferred stock
dividend requirements
$
17,576
  
$
53,711
  
             
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
  
2.12
   
2.67