CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDEND REQUIREMENTS
12 Months
Ended
Year Ended December 31, June 30,
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1995 1996 1997 1998 1999 2000
Thousands of Dollars Except Ratios
Net Income $70,631 $77,393 $38,620 $80,147 $53,980 $65,221
Add- Extraordinary items net of tax - - 24,853 - - -
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Net income from continuing operations 70,631 77,393 63,473 80,147 53,980 65,221
Taxes based on income 44,483 47,286 33,922 45,412 30,763 39,903
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Net income before income taxes 115,114 124,679 97,395 125,559 84,743 105,124
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Add- fixed charges:
Interest on long term debt 31,168 31,409 32,271 37,260 38,223 33,438
Other interest 853 4,636 2,875 1,647 3,373 6,402
Amortization of net debt premium, discount,
expenses and losses 1,703 1,709 1,643 1,132 1,139 1,085
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Total fixed charges 33,724 37,754 36,789 40,039 42,735 40,925
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Earnings available for fixed charges 148,838 162,433 134,184 165,598 127,478 146,049
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Ratio of earnings to fixed charges 4.41 4.30 3.64 4.13 2.98 3.56
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Earnings required for preferred dividends:
Preferred stock dividends 3,850 3,721 3,715 3,745 3,833 3,778
Adjustment to pre-tax basis 2,425 2,273 1,985 2,122 2,185 2,312
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6,275 5,994 5,700 5,867 6,018 6,090
Fixed charges plus preferred stock dividend
requirements 39,999 43,748 42,489 45,906 48,753 47,015
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Ratio of earnings to fixed charges plus
preferred stock dividend requirements 3.72 3.71 3.15 3.60 2.61 3.10
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