Exhibit 12.4 Ameren Energy Generating Company Computation Of Ratio Of Earnings To Fixed Charges (Thousands of Dollars, Except Ratios) Period May 1, 2000 through Year Ended December 31, December 31, ------------------------------------------- ------------- 2003 2002 2001 2000 ---- ---- ---- ---- Net income $ 75,185 $ 31,837 $ 75,924 $ 43,808 Add (Less) - Cumulative effect of change in accounting principle, net of tax (18,416) - 1,993 - ------------- ------------- ------------ ------------- Net income from continuing operations 56,769 31,837 77,917 43,808 Taxes based on income 38,538 20,340 47,296 27,213 ------------- ------------- ------------ ------------- Net income before income taxes $ 95,307 $ 52,177 $ 125,213 $ 71,021 ------------- ------------- ------------ ------------- Add - fixed charges: Interest on long term debt 55,394 45,840 34,138 5,690 Other interest 45,461 39,937 41,189 29,875 Amortization of debt discount expense 1,495 1,377 1,059 119 ------------- ------------- ------------ ------------- Total fixed charges $ 102,350 $ 87,154 $ 76,386 $ 35,684 ------------- ------------- ------------- ------------- Earnings available for fixed charges $ 197,657 $ 139,331 $ 201,599 $ 106,705 ============= ============= ============ ============= Ratio of earnings to fixed charges 1.93 1.59 2.63 2.99 ============= ============= ============= =============