Exhibit 12.1
Ameren Energy Generating Company
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
|
| | | | | | |
| | | Six Months Ended June 30, | |
| | | 2013 | |
Earnings available for fixed charges, as defined: | | | | |
Net loss attributable to Ameren Energy Generating Company | | | $ | (151,397 | ) | |
Net loss attributable to noncontrolling interest | | | (57 | ) | |
Tax benefit based on net loss | | | (98,997 | ) | |
Fixed charges excluding capitalized interest(a) | | | 21,486 |
| |
Amortization of capitalized interest | | | 996 |
| |
Earnings available for fixed charges, as defined | | | $ | (227,969 | ) | |
Fixed charges, as defined: | | | | |
Interest expense on short-term and long-term debt(a) | | | $ | 20,954 |
| |
Capitalized interest | | | 9,233 |
| |
Estimated interest cost within rental expense | | | 175 |
| |
Amortization of net debt premium, discount, and expenses | | | 357 |
| |
Total fixed charges, as defined | | | $ | 30,719 |
| |
Consolidated ratio of earnings to fixed charges | | | — |
| (b) |
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(a) | Includes interest expense related to uncertain tax positions. |
| |
(b) | Earnings were inadequate to cover fixed charges by $259 million for the six months ended June 30, 2013. During the first six months of 2013, we recorded asset impairment charges of $202 million to reduce the carrying value of the Gibson City and Grand Tower energy centers to their estimated fair value less cost to sell. See Note 2 - Assets Held for Sale under Part I, Item 1, of this Form 10-Q for additional information. |