Cleco Power 10-Q2015 Q3 Quarterly report

Filed: 28 Oct 15, 12:00am

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New words: ash, Bayou, Bunkie, CCR, closure, Coast, contradicted, corrective, costly, cotton, crawfish, cultivate, document, eaten, effluent, fall, fish, focused, gathering, groundwater, hardening, heard, incremental, internet, leverage, lost, member, modification, modified, Nesbitt, nodal, notification, pertaining, pool, ppb, prescribed, provisional, reconstructed, reconstruction, recordkeeping, replaced, sample, sediment, south, southeast, spinning, startup, sued, surface, Teche, tissue, unfavorable, unspecified, verbal, Vista, wastewater

Removed: automatic, discounted, heading, issuing, judge, permit, Taxation

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CLECO POWER	EXHIBIT 12(b)



Computation of Ratios of Earnings to Fixed Charges
(THOUSANDS, EXCEPT RATIOS)	FOR THE NINE MONTHS ENDED SEPT. 30, 2015			FOR THE TWELVE MONTHS ENDED DEC. 31, 2014
Earnings from continuing operations	$	119,080		$	154,316
Income taxes	65,906			76,974
Total earnings from continuing operations before income taxes	$	184,986		$	231,290
Fixed charges:
Interest	$	56,033		$	73,140
Amortization of debt expense, premium, net	2,219			3,113
Portion of rentals representative of an interest factor	391			489
Interest of capitalized lease	273			488
Total fixed charges	$	58,916		$	77,230
Total earnings from continuing operations before income taxes and fixed charges	$	243,902		$	308,520	*
Ratio of earnings to fixed charges	4.14		X	3.99		X
* The amortization of capitalized interest of $447 thousand was removed.