EX-12.5 6 exhibit12_5.htm EXHIBIT 12.5 CILCORP COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exhibit12_5.htm
Exhibit 12.5
CILCORP INC.
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
 $
35,586
     $
21,004
  
Less- Change in accounting principle
  
-
      
-
  
Add- Taxes (benefit) based on income (loss)
  
17,204
       (10,944 )
               
Net income before income taxes and change in accounting principle
  
52,790
      
10,060
  
               
Add- fixed charges:
              
Interest on long term debt
  
46,068
 (1)     
51,574
  
Estimated interest cost within rental expense
  
260
      
289
  
Amortization of net debt premium, discount,
and expenses
  
976
      
801
  
Subsidiary preferred stock dividends
  
1,410
      
1,933
  
Adjust preferred stock dividends to pre-tax
basis
  
682
       (1,007 )
Total fixed charges
  
49,396
      
53,590
  
               
Less: Adjustment of preferred stock dividends to pre-tax basis
  
682
       (1,007 )
               
Earnings available for fixed charges
 $
101,504
     $
64,657
  
               
Ratio of earnings to fixed charges
  
2.05
      
1.20
  
 
(1)  Includes FIN 48 interest expense