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Exhibit 12.1
Ameren Corporation
Computation of Ratio of Earnings to Fixed Charges
(Millions of Dollars, Except Ratio)
Six Months Ended June 30, | |||
2018 | |||
Earnings available for fixed charges, as defined: | |||
Net income attributable to Ameren Corporation | $ | 390 | |
Loss from equity investee | 1 | ||
Tax expense based on income | 116 | ||
Fixed charges excluding subsidiary preferred stock dividends tax adjustment | 216 | ||
Earnings available for fixed charges, as defined | $ | 723 | |
Fixed charges, as defined: | |||
Interest expense on short-term and long-term debt | $ | 201 | |
Estimated interest cost within rental expense | 1 | ||
Amortization of net debt premium, discount, and expenses | 11 | ||
Subsidiary preferred stock dividends | 3 | ||
Adjust subsidiary preferred stock dividends to pretax basis | 1 | ||
Total fixed charges, as defined | $ | 217 | |
Consolidated ratio of earnings to fixed charges | 3.3 |