Exhibit 12.02 CENTRAL ILLINOIS PUBLIC SERVICE COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE FIVE YEARS ENDED DECEMBER 31, 1996 (in thousands) = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = 1996 1995 1994 1993 1992 Net income. . . . . $ 77,393 $ 70,631 $ 81,913 $ 84,011 $ 72,601(c) Add--Federal and state income taxes: Current (a) . . . 53,847 41,276 38,097 50,441 6,110 Deferred (net). . (2,805) 5,627 13,190 1,674 33,998 Investment tax credit amortization. . . (3,349) (3,361) (3,367) (3,366) (3,336) Income tax applicable to nonoperating activities. . . . (407) 941 603 631 2,989 ------- ------- ------- ------- -------- 47,286 44,483 48,523 49,380 39,761 Net income before income taxes. . . . 124,679 115,114 130,436 133,391 112,362 Add--Fixed charges Interest on long-term debt (b) 31,409 31,168 31,164 32,823 35,534 Interest on provision for revenue refunds . - - - - (803) Other interest. . 4,636 853 358 479 392 Amortization of net debt premium, discount, expense and loss (b). . . 1,709 1,703 1,678 1,598 863 ------- -------- -------- -------- -------- 37,754 33,724 33,200 34,900 35,986 Earnings as defined . . . . . $162,433 $148,838 $163,636 $168,291 $148,348 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges. 4.30 4.41 4.93 4.82 4.12 Earnings required for preferred dividends: Preferred stock dividends . . . $ 3,721 $ 3,850 $ 3,510 $ 3,718 $ 4,549 Adjustment to pre-tax basis . 2,273 2,425 2,079 2,185 2,491 -------- -------- -------- -------- -------- $ 5,994 $ 6,275 $ 5,589 $ 5,903 $ 7,040 Fixed charges plus preferred stock dividend requirements . $ 43,748 $ 39,999 $ 38,789 $ 40,803 $ 43,026 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges plus preferred stock dividend requirements . 3.71 3.72 4.22 4.12 3.45 _________________________ (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.