EX-12.3 4 dex123.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

 

Exhibit 12.3

Ameren Illinois Company

(Formerly known as Central Illinois Public Service 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,

2010
     Year Ended
December 31,
2009
 

Net income from continuing operations

   $ 47,905          $         28,897      

Add- Taxes based on income

     31,663            16,265      
                 

Net income before income taxes

     79,568            45,162      

Add- fixed charges:

     

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

     20,504            28,315      

Estimated interest cost within rental expense

     933            1,216      

Amortization of net debt premium, discount, and expenses

     567            881      
                 

Total fixed charges

     22,004            30,412      
                 

Earnings available for fixed charges

     101,572            75,574      
                 

Ratio of earnings to fixed charges

     4.61            2.48      
                 

Earnings required for combined fixed charges and preferred stock dividends:

     

Preferred stock dividends

     1,884            2,512      

Adjustment to pretax basis

     1,245            1,414      
                 
     3,129            3,926      
                 

Combined fixed charges and preferred stock dividend requirements

   $ 25,133          $ 34,338      
                 

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

     4.04            2.20      
                 

 

(a)

Includes interest expense related to uncertain tax positions