EX-12.1 2 exhibit12_1.htm EXHIBIT 12.1 AMEREN CORP. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exhibit12_1.htm
Exhibit 12.1
Ameren Corporation
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
  
           
           
 
9 Months Ended
    
Year Ended
  
 
September 30,
    
December 31,
  
 
2007
    
2006
  
Net income from continuing operations
 $
509,606
     $
546,738
  
Less- Change in accounting principle
  
-
      
-
  
Less- Minority interest
   (19,884 )     (27,135 )
Add- Taxes based on income
  
278,773
      
283,825
  
               
Net income before income taxes, change in accounting principle, and minority
interest
  
808,263
      
857,698
  
               
Add- fixed charges:
              
Interest on long term debt
  
314,402
 (1)    
345,410
  
Estimated interest cost within rental expense
  
3,521
      
4,081
  
Amortization of net debt premium, discount,
     and expenses
  
14,179
      
15,341
  
Subsidiary preferred stock dividends
  
8,162
      
10,936
  
Adjust preferred stock dividends to pre-tax
basis
  
4,394
      
5,565
  
Total fixed charges
  
344,658
      
381,333
  
               
Less: Adjustment of preferred stock dividends to pre-tax basis
  
4,394
      
5,565
  
               
Earnings available for fixed charges
 $
1,148,527
     $
1,233,466
  
               
Ratio of earnings to fixed charges
  
3.33
      
3.23
  
 
(1)  Includes FIN 48 interest expense