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) |
(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. |