EX-12.1 9 dex121.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - AMEREN Computation of Ratios of Earnings to Fixed Charges - Ameren

Exhibit 12.1

Ameren Corporation

Computation of Ratio of Earnings to Fixed Charges

(Thousands of Dollars, Except Ratios)

 

     Six Months Ended
June 30,
2009		     Year Ended
December 31,
2008		  

Net income from continuing operations attributable Ameren Corporation

    $ 305,734      $ 605,189   

Less - Net income attributable to noncontrolling interest

      (2,057 )      (28,422 ) 

Add- Taxes based on income

      153,534        326,736   
                

Net income before income taxes and noncontrolling interest

      461,325        960,347   

Add- fixed charges:

     

Interest on long term debt (1)

      243,023        440,507   

Estimated interest cost within rental expense

      3,887        6,510   

Amortization of net debt premium, discount, and expenses

      8,471        19,716   

Subsidiary preferred stock dividends

      4,937        10,357   

Adjust preferred stock dividends to pretax basis

      2,440        5,497   
                

Total fixed charges

      262,758        482,587   
                

Less: Adjustment of preferred stock dividends to pretax basis

      2,440        5,497   
                

Earnings available for fixed charges

    $ 721,643      $ 1,437,437   
                

Ratio of earnings to fixed charges

      2.74        2.97   
                

 

(1)

Includes FIN 48 interest expense