Exhibit 12.02 CENTRAL ILLINOIS PUBLIC SERVICE COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE FIVE YEARS ENDED DECEMBER 31, 1995 (in thousands) = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = 1995 1994 1993 1992 1991 ____ ____ ____ ____ ____ Net income. . . . . . . . . . . . . . . . . . . $ 70,631 $ 81,913 $ 84,011 $ 72,601(c) $ 75,683(c) Add--Federal and state income taxes: Current (a) . . . . . . . . . . . . . . . . . 41,276 38,097 50,441 6,110 36,316 Deferred (net). . . . . . . . . . . . . . . . 5,627 13,190 1,674 33,998 7,573 Investment tax credit amortization. . . . . . (3,361) (3,367) (3,366) (3,336) (3,464) Income tax applicable to nonoperating activities. . . . . . . . . . . . . . . . . 941 603 631 2,989 2,413 ________ ________ ________ ________ ________ 44,483 48,523 49,380 39,761 42,838 ________ ________ ________ ________ ________ Net income before income taxes. . . . . . . . . 115,114 130,436 133,391 112,362 118,521 ________ ________ ________ ________ ________ Add--Fixed charges Interest on long-term debt (b). . . . . . . . 31,168 31,164 32,823 35,534 36,652 Interest on provision for revenue refunds . . - - - (803) 4,261 Other interest. . . . . . . . . . . . . . . . 853 358 479 392 1,231 Amortization of net debt premium, discount, expense and loss (b). . . . . . . . . . . . 1,703 1,678 1,598 863 338 ________ ________ ________ ________ ________ 33,724 33,200 34,900 35,986 42,482 ________ ________ ________ ________ ________ Earnings as defined . . . . . . . . . . . . . . $148,838 $163,636 $168,291 $148,348 $161,003 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges. . . . . . . 4.41 4.93 4.82 4.12 3.79 Earnings required for preferred dividends: Preferred stock dividends . . . . . . . . . . $ 3,850 $ 3,510 $ 3,718 $ 4,549 $ 5,396 Adjustment to pre-tax basis . . . . . . . . . 2,425 2,079 2,185 2,491 3,054 ________ ________ ________ ________ ________ $ 6,275 $ 5,589 $ 5,903 $ 7,040 $ 8,450 Fixed charges plus preferred stock dividend requirements . . . . . . . . . . . . $ 39,999 $ 38,789 $ 40,803 $ 43,026 $ 50,932 ======== ======== ======== ======== ======== Ratio of Earnings to fixed charges plus preferred stock dividend requirements . . . . 3.72 4.22 4.12 3.45 3.16 _________________________ (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.