EX-12.6 12 exhibit12_6.htm EXHIBIT 12.6 - CILCO COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES exhibit12_6.htm
Exhibit 12.6


Central Illinois Light Company
Computation of Ratios of Earnings to Fixed Charges and Combined
Fixed Charges and Preferred Stock Dividend Requirements
(Thousands of Dollars, Except Ratios)
 
           
           
 
6 Months Ended
   
Year Ended
 
 
June 30,
   
December 31,
 
 
2008
   
2007
 
Net income from continuing operations
$ 37,830     $ 75,984  
Less- Change in accounting principle
  -       -  
Add- Taxes based on income
  21,283       39,195  
Net income before income taxes and change in accounting principle
  59,113       115,179  
               
Add- fixed charges:
             
Interest on long term debt (1)
  10,368       26,071  
Estimated interest cost within rental expense
  186       343  
Amortization of net debt premium, discount,
and expenses
  555       1,065  
Total fixed charges
  11,109       27,479  
               
Earnings available for fixed charges
  70,222       142,658  
               
Ratio of earnings to fixed charges
  6.32       5.19  
               
Earnings required for combined fixed
charges and preferred stock dividends:
       
Preferred stock dividends
  918       1,869  
Adjustment to pre-tax basis
  517       977  
    1,435       2,846  
               
Combined fixed charges and preferred stock
dividend requirements
$ 12,544     $ 30,325  
               
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
  5.59       4.70  
               
(1)  Includes FIN 48 interest expense