Exhibit 12
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS BEFORE INCOME TAXES
(in thousands)
12 Months Ended
_______________________________________________________________
December 31,
September 30, ________________________________________________
1995 1994 1993 1992 1991 1990
_____________ ________ ________ ________ ________ ________
Net income. . . . . . . . . . . . . . . . . . . $ 78,363 $ 81,913 $ 84,011 $ 72,601 $ 75,683 $ 71,562
Add--Federal and state income taxes:
Current . . . . . . . . . . . . . . . . . . . 39,806 38,097 50,441 6,110 36,316 39,380
Deferred (net). . . . . . . . . . . . . . . . 11,016 13,190 1,674 33,998 7,573 (2,964)
Investment tax credit amortization. . . . . . (3,362) (3,367) (3,366) (3,336) (3,464) (3,306)
Income tax applicable to nonoperating
activities. . . . . . . . . . . . . . . . . 1,098 603 631 2,989 2,413 2,986
_______ _______ _______ _______ _______ _______
48,558 48,523 49,380 39,761 42,838 36,096
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Net income before income taxes. . . . . . . . . 126,921 130,436 133,391 112,362 118,521 107,658
_______ _______ _______ _______ _______ _______
Add--Fixed charges
Interest on long-term debt. . . . . . . . . . 31,034 31,164 32,823 35,534 36,652 36,589
Interest on provision for revenue refunds . . - - - (803) 4,261 3,396
Other interest. . . . . . . . . . . . . . . . 785 358 479 392 1,231 1,070
Amortization of net debt premium and
discount. . . . . . . . . . . . . . . . . . 1,686 1,678 1,598 863 338 326
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33,505 33,200 34,900 35,986 42,482 41,381
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Earnings as defined . . . . . . . . . . . . . . $160,426 $163,636 $168,291 $148,348 $161,003 $149,039
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Ratio of earnings to fixed charges. . . . . . . 4.79 4.93 4.82 4.12 3.79 3.60
Earnings required for preferred dividends:
Preferred stock dividends . . . . . . . . . . $ 3,838 $ 3,510 $ 3,718 $ 4,549 $ 5,396 $ 5,617
Adjustment to pre-tax basis*. . . . . . . . . 2,378 2,079 2,185 2,491 3,054 2,833
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$ 6,216 $ 5,589 $ 5,903 $ 7,040 $ 8,450 $ 8,450
_______ _______ _______ _______ ________ _______
Fixed charges plus preferred stock
dividend requirements . . . . . . . . . . . . $ 39,721 $ 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 . . . . 4.04 4.22 4.12 3.45 3.16 2.99
* An additional charge equivalent to earnings required to adjust
dividends on preferred stock to a pre-tax basis (See below.)
{ Net income before income taxes }
{ ______________________________ -100% } X preferred dividends = earnings required for preferred dividends
{ Net income }
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