EX-12.6 7 dex126.htm CILCO'S STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES CILCO's Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.6

Central Illinois Light Company

Computation of Ratio of Earnings to Fixed Charges and Combined

Fixed Charges and Preferred Stock Dividend Requirements

(Thousands of Dollars, Except Ratios)

 

     Nine Months Ended
September 30,
2009
   Year Ended
December 31,
2008

Net income from continuing operations

   $ 100,978    $ 69,638

Add- Taxes based on income

     54,592      38,673
             

Net income before income taxes

     155,570      108,311

Add- fixed charges:

     

Interest on short-term and long-term debt (1)

     27,300      19,724

Estimated interest cost within rental expense

     687      429

Amortization of net debt premium, discount, and expenses

     1,042      1,112
             

Total fixed charges

     29,029      21,265
             

Earnings available for fixed charges

     184,599      129,576
             

Ratio of earnings to fixed charges

     6.35      6.09
             

Earnings required for combined fixed charges and preferred stock dividends:

     

Preferred stock dividends

     654      1,354

Adjustment to pretax basis

     353      752
             
     1,007      2,106
             

Combined fixed charges and preferred stock dividend requirements

   $ 30,036    $ 23,371
             

Ratio of earnings to combined fixed charges and preferred stock dividend requirements

     6.14      5.54
             

 

(1)

Includes FIN 48 interest expense