EX-12.5 11 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)
  
           
           
 
6 Months Ended
    
Year Ended
  
 
June 30,
    
December 31,
  
 
2008
    
2007
  
Net income from continuing operations
 $ 24,450     $ 49,402  
Less- Change in accounting principle
   -       -  
Add- Taxes based on income
   12,325       21,018  
Net income before income taxes and change in accounting principle
   36,775       70,420  
               
Add- fixed charges:
              
Interest on long term debt (1)
   27,457       62,824  
Estimated interest cost within rental expense
   186       343  
Amortization of net debt premium, discount,
and expenses
   697       1,322  
Subsidiary preferred stock dividends
   918       1,869  
Adjust preferred stock dividends to pre-tax
basis
   463       812  
Total fixed charges
   29,721       67,170  
               
Less: Adjustment of preferred stock dividends to pre-tax basis
   463       812  
               
Earnings available for fixed charges
 $ 66,033     $ 136,778  
               
Ratio of earnings to fixed charges
   2.22       2.03  
               
(1)  Includes FIN 48 interest expense