Exhibit 12
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
12 Months
Ended
Year Ended December 31, June 30,
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1994 1995 1996 1997 1998 1999
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Thousands of Dollars Except Ratios
Net Income $81,913 $70,631 $77,393 $38,620 $80,147 $83,675
Add- Extraordinary items net of tax - - - 24,853 - -
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Net Income from continuing operations 81,913 70,631 77,393 63,473 80,147 83,675
Taxes based on income 48,523 44,483 47,286 33,922 45,412 47,218
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Net income before income taxes 130,436 115,114 124,679 97,395 125,559 130,893
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Add- fixed charges:
Interest on long term debt 31,164 31,168 31,409 32,271 37,260 38,494
Other interest 358 853 4,636 2,875 1,647 1,823
Amortization of net debt premium,
discount, expenses and losses 1,678 1,703 1,709 1,643 1,132 1,177
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Total fixed charges 33,200 33,724 37,754 36,789 40,039 41,494
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Earnings available for fixed charges 163,636 148,838 162,433 134,184 165,598 172,387
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Ratio of earnings to fixed charges 4.92 4.41 4.30 3.64 4.13 4.15
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Earnings required for preferred dividends:
Preferred stock dividends 3,510 3,850 3,721 3,715 3,745 3,765
Adjustment to pre-tax basis 2,079 2,425 2,273 1,985 2,122 2,123
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5,589 6,275 5,994 5,700 5,867 5,888
Fixed charges plus preferred stock
dividend requirements 38,789 39,999 43,748 42,489 45,906 47,382
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Ratio of earnings to fixed charges plus
preferred stock dividend requirement 4.21 3.72 3.71 3.15 3.60 3.63
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