Exhibit 12.3
Central Illinois Light Company Computation of Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Stock Dividend Requirements (Thousands of Dollars, Except Ratios) | |||||||
Three Months Ended March 31, 2006 | |||||||
| Net income from continuing operations | $ | 17,659 | |||||
| Add- Taxes based on income | 8,956 | ||||||
| Net income before income taxes | 26,615 | ||||||
| Add- fixed charges: | |||||||
| Interest on long term debt | 3,849 | ||||||
| Estimated interest cost within rental expense | 64 | ||||||
Amortization of net debt premium, discount, and expenses | 114 | ||||||
| Total fixed charges | 4,027 | ||||||
| Earnings available for fixed charges | 30,642 | ||||||
| Ratio of earnings to fixed charges | 7.60 | ||||||
Earnings required for combined fixed charges and preferred stock dividends: | |||||||
| Preferred stock dividends | 491 | ||||||
| Adjustment to pre-tax basis | 249 | ||||||
| 740 | |||||||
Combined fixed charges and preferred stock dividend requirements | $ | 4,767 | |||||
Ratio of earnings to combined fixed charges and preferred stock dividend requirements | 6.42 | ||||||