Cleco Power 10-Q 2017 Q2 Quarterly report

CLECO POWER LLC EXHIBIT 12(b)

Computation of Ratios of Earnings to Fixed Charges (Unaudited)
(THOUSANDS, EXCEPT RATIOS)	FOR THE SIX MONTHS ENDED JUNE 30, 2017			FOR THE TWELVE MONTHS ENDED DEC. 31, 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
Net income	$	53,587		$	39,128		$	141,350		$	154,316		$	150,410
Income tax expense	32,918			18,369			79,294			76,974			79,381
Total fixed charges (from below)	36,448			78,442			78,364			77,230			85,103
Total earnings	$	122,953		$	135,939		$	299,008		$	308,520		$	314,894
Fixed charges
Interest	$	35,692		$	74,450		$	74,394		$	73,140		$	80,905
Amortization of debt expense, premium, net	451			3,289			3,052			3,113			3,088
Portion of rentals representative of an interest factor**	267			508			572			489			488
Interest of capitalized lease	38			195			346			488			622
Total fixed charges	$	36,448		$	78,442		$	78,364		$	77,230		$	85,103
Ratio of earnings to fixed charges	3.37		x	1.73		x	3.82		x	3.99		x	3.70		x
**Interest portion of rental expense is estimated to equal 11% of such expense, which is considered a reasonable approximation of the interest factor.