Cleco Power 10-Q 2011 Q2 Quarterly report

CLECO CORPORATION EXHIBIT 12(a)

Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined

Fixed Charges and Preferred Stock Dividends

	FOR THE THREE MONTHS ENDED			FOR THE SIX MONTHS ENDED			FOR THE TWELVE MONTHS ENDED
(THOUSANDS, EXCEPT RATIOS)				JUNE 30, 2011
Earnings from continuing operations	$	70,348		$	99,363		$	169,599
Undistributed equity income from investees		(2,775	)		(3,386	)		(5,517	)
Income taxes		36,520			48,714			93,957
Earnings from continuing operations before income taxes	$	104,093		$	144,691		$	258,039
Fixed charges:
Interest, long-term debt	$	21,343		$	43,260		$	83,140
Interest, other (including interest on short-term debt)		3,894			8,521			16,730
Amortization of debt expense, premium, net		698			1,482			3,062
Portion of rentals representative of an interest factor		120			231			441
Interest of capitalized lease		452			914			1,865
Total fixed charges	$	26,507		$	54,408		$	105,238
Earnings from continuing operations before income taxes	$	104,093		$	144,691		$	258,039
Plus:  total fixed charges from above		26,507			54,408			105,238
Plus:  amortization of capitalized interest		77			154			308
Earnings from continuing operations before income taxes and fixed charges	$	130,677		$	199,253		$	363,585
Ratio of earnings to fixed charges		4.93	x		3.66	x		3.45	x
Total fixed charges from above		26,507			54,408			105,238
Preferred stock dividends		22			39			77
Total fixed charges and preferred stock dividends		26,529			54,447			105,315
Ratio of earnings to combined fixed charges and preferred stock dividends		4.93	x		3.66	x		3.45	x