Cleco Power 10-Q 2016 Q2 Quarterly report

CLECO POWER EXHIBIT 12(b)

Computation of Ratios of Earnings to Fixed Charges (Unaudited)
(THOUSANDS, EXCEPT RATIOS)	FOR THE SIX MONTHS ENDED JUNE 30, 2016			FOR THE TWELVE MONTHS ENDED DEC. 31, 2015			FOR THE TWELVE MONTHS ENDED DEC. 31, 2014			FOR THE TWELVE MONTHS ENDED DEC. 31, 2013			FOR THE TWELVE MONTHS ENDED DEC. 31, 2012
Net (loss) income	$	(40,350	)	$	141,350		$	154,316		$	150,410		$	146,848
Income tax (benefit) expense	(26,463		)	79,294			76,974			79,381			68,133
Total fixed charges (from below)	39,403			78,364			77,230			85,103			84,901
Total (losses) earnings	$	(27,410	)	$	299,008		$	308,520		$	314,894		$	299,882
Fixed charges
Interest	$	37,475		$	74,394		$	73,140		$	80,905		$	79,975
Amortization of debt expense, premium, net	1,559			3,052			3,113			3,088			2,819
Portion of rentals representative of an interest factor**	252			572			489			488			489
Interest of capitalized lease	117			346			488			622			1,618
Total fixed charges	$	39,403		$	78,364		$	77,230		$	85,103		$	84,901
Ratio of earnings to fixed charges	*			3.82		x	3.99		x	3.70		x	3.53		x
*Earnings for the six months ended June 30, 2016, were inadequate to cover fixed charges.
**Interest portion of rental expense is estimated to equal 11% of such expense, which is considered a reasonable approximation of the interest factor.