Exhibit 12.1
Ameren Energy Generating Company
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
Nine Months Ended September 30, | ||||||
2013 | ||||||
Earnings available for fixed charges, as defined: | ||||||
Net loss attributable to Ameren Energy Generating Company | $ | (156,787 | ) | |||
Net loss attributable to noncontrolling interest | (242 | ) | ||||
Tax benefit based on net loss | (102,708 | ) | ||||
Fixed charges excluding capitalized interest(a) | 31,507 | |||||
Amortization of capitalized interest | 1,497 | |||||
Earnings available for fixed charges, as defined | $ | (226,733 | ) | |||
Fixed charges, as defined: | ||||||
Interest expense on short-term and long-term debt(a) | $ | 30,718 | ||||
Capitalized interest | 13,956 | |||||
Estimated interest cost within rental expense | 253 | |||||
Amortization of net debt premium, discount, and expenses | 536 | |||||
Total fixed charges, as defined | $ | 45,463 | ||||
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 $272 million for the nine months ended September 30, 2013. During the first nine months of 2013, we recorded asset impairment charges of $197 million to reduce the carrying value of the Elgin, Gibson City, and Grand Tower energy centers to their estimated fair value. See Note 2 - Assets Held for Sale under Part I, Item 1, of this Form 10-Q for additional information. |