EX-12.1 2 exhibit12_1.htm EXHIBIT 12.1 AMEREN COMPUTATION OF RATIO TO FIXED EARNINGS exhibit12_1.htm
Exhibit 12.1
Ameren Corporation
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
  
           
           
 
6 Months Ended
    
Year Ended
  
 
June 30,
    
December 31,
  
 
2007
    
2006
  
Net income from continuing operations
 $
266,182
     $
546,738
  
Less- Change in accounting principle
  
-
      
-
  
Less- Minority interest
   (13,109 )     (27,135 )
Add- Taxes based on income
  
148,508
      
283,825
  
Net income before income taxes, change in accounting principle, and minority interest
  
427,799
      
857,698
  
               
Add- fixed charges:
              
Interest on long term debt
  
206,979
      
345,410
  
Estimated interest cost within rental expense
  
2,175
      
4,081
  
Amortization of net debt premium, discount,
and expenses
  
9,766
      
15,341
  
Subsidiary preferred stock dividends
  
5,452
      
10,936
  
Adjust preferred stock dividends to pre-tax
basis
  
2,981
      
5,565
  
Total fixed charges
  
227,353
      
381,333
  
Less: Adjustment of preferred stock dividends to pre-tax basis
  
2,981
      
5,565
  
               
Earnings available for fixed charges
 $
652,171
     $
1,233,466
  
               
Ratio of earnings to fixed charges
  
2.86
      
3.23