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- 10-Q Quarterly report
- 12.1 Ratio of Earnings to Fixed Charges
- 12.2 Ratio of Earnings to Fixed Charges
- 12.3 Ratio of Earnings to Fixed Charges
- 12.4 Ratio of Earnings to Fixed Charges
- 12.5 Ratio of Earnings to Fixed Charges
- 12.6 Ratio of Earnings to Fixed Charges
- 31.1 Certification
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Exhibit 12.6
Illinois Power Company
Computation of Ratio of Earnings to Fixed Charges and Combined
Fixed Charges and Preferred Stock Dividend Requirements
(Thousands of Dollars, Except Ratios)
Three Months Ended March 31, 2010 | Year Ended December 31, 2009 | |||||
Net income from continuing operations | $ | 18,729 | $ | 79,520 | ||
Add- Taxes based on income | 12,505 | 53,070 | ||||
Net income before income taxes | 31,234 | 132,590 | ||||
Add- fixed charges: | ||||||
Interest on short-term and long-term debt(a) | 22,588 | 95,535 | ||||
Estimated interest cost within rental expense | 375 | 1,615 | ||||
Amortization of net debt premium, discount, and expenses | 934 | 4,209 | ||||
Total fixed charges | 23,897 | 101,359 | ||||
Earnings available for fixed charges | 55,131 | 233,949 | ||||
Ratio of earnings to fixed charges | 2.30 | 2.30 | ||||
Earnings required for combined fixed charges and preferred stock dividends: | ||||||
Preferred stock dividends | 574 | 2,294 | ||||
Adjustment to pretax basis | 383 | 1,531 | ||||
957 | 3,825 | |||||
Combined fixed charges and preferred stock dividend requirements | $ | 24,854 | $ | 105,184 | ||
Ratio of earnings to combined fixed charges and preferred stock dividend requirements | 2.21 | 2.22 | ||||
(a) | Includes interest expense related uncertain tax provisions. |