Exhibit 12.6
Central Illinois Light Company
Computation Of Ratio Of Earnings To Fixed Charges And Preferred Stock Dividend Requirements
(Thousands of Dollars, Except Ratios)
Year Ended December 31,
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1999 2000 2001 2002 2003
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Net Income $19,249 $47,777 $14,638 $50,128 $44,883
Add- Extraordinary items net of tax - - - - (24,080)
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Net income from continuing operations 19,249 47,777 14,638 50,128 20,803
Taxes based on income 8,376 26,227 7,789 26,472 11,905
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Net income before income taxes 27,625 74,004 22,427 76,600 32,708
Add- fixed charges:
Interest on long term debt 19,234 17,516 17,678 19,006 14,279
Other interest 7,513 10,024 10,333 8,190 2,079
Rentals 1,809 1,480 857 1,619 1,468
Amortization of net debt premium, discount,
expenses and losses 668 423 414 544 708
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Total fixed charges 29,224 29,443 29,282 29,359 18,534
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Earnings available for fixed charges 56,849 103,447 51,709 105,959 51,242
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Ratio of earnings to fixed charges 1.94 3.51 1.76 3.60 2.76
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Earnings required for preferred dividends:
Preferred stock dividends 3,208 2,977 2,159 2,159 2,127
Adjustment to pre-tax basis 1,395 1,634 1,149 1,140 1,217
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4,603 4,611 3,308 3,299 3,344
Fixed charges plus preferred stock dividend
requirements 33,827 34,054 32,590 32,658 21,878
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Ratio of earnings to fixed charges plus
preferred stock dividend requirements 1.68 3.03 1.58 3.24 2.34
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