Exhibit 12.02
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE FIVE YEARS ENDED DECEMBER 31, 1994
(in thousands)
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
1994 1993 1992 1991 1990
____ ____ ____ ____ ____
Net income. . . . . . . . . . . . . . . . . $ 81,913 $ 84,011 $ 72,601(c) $ 75,683(c) $ 71,562(c)
Add--Federal and state income taxes:
Current (a) . . . . . . . . . . . . . . . 38,097 50,441 6,110 36,316 39,380
Deferred (net). . . . . . . . . . . . . . 13,190 1,674 33,998 7,573 (2,964)
Investment tax credit amortization. . . . (3,367) (3,366) (3,336) (3,464) (3,306)
Income tax applicable to nonoperating
activities. . . . . . . . . . . . . . . 603 631 2,989 2,413 2,986
_______ _______ _______ _______ _______
48,523 49,380 39,761 42,838 36,096
_______ _______ _______ _______ _______
Net income before income taxes. . . . . . . 130,436 133,391 112,362 118,521 107,658
_______ _______ _______ _______ _______
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Add--Fixed charges
Interest on long-term debt (b). . . . . . 31,164 32,823 35,534 36,652 36,589
Interest on provision for revenue
refunds . . . . . . . . . . . . . . . . - - (803) 4,261 3,396
Other interest. . . . . . . . . . . . . . 358 479 392 1,231 1,070
Amortization of net debt premium,
discount, expense and loss (b). . . . . 1,678 1,598 863 338 326
_______ _______ _______ _______ _______
33,200 34,900 35,986 42,482 41,381
_______ _______ _______ _______ _______
Earnings as defined . . . . . . . . . . . . $163,636 $168,291 $148,348 $161,003 $149,039
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Ratio of earnings to fixed charges. . . . . 4.93 4.82 4.12 3.79 3.60
Earnings required for preferred dividends:
Preferred stock dividends . . . . . . . . $ 3,510 $ 3,718 $ 4,549 $ 5,396 $ 5,617
Adjustment to pre-tax basis . . . . . . . 2,079 2,185 2,491 3,054 2,833
_______ _______ _______ _______ _______
$ 5,589 $ 5,903 $ 7,040 $ 8,450 $ 8,450
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Fixed charges plus preferred stock
dividend requirements . . . . . . . . . . $ 38,789 $ 40,803 $ 43,026 $ 50,932 $ 49,831
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Ratio of Earnings to fixed charges plus
preferred stock dividend requirements . . 4.22 4.12 3.45 3.16 2.99
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<FN>
(a) Federal portion and state portion are shown separately in Notes to Financial Statements.
(b) Combined as interest charges on long-term debt on Statements of Income.
(c) Includes revenues collected subject to refund as discussed in Note 12 of Notes to Financial
Statements.
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</FN>