EX-12.B 4 exhibit12b.htm EXHIBIT 12(B) - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES exhibit12b.htm
 
CLECO POWER
 EXHIBIT 12(b)
 
Computation of Ratios of Earnings to Fixed Charges
   
FOR THE THREE
MONTHS ENDED
    
FOR THE TWELVE
 MONTHS ENDED
  
(THOUSANDS, EXCEPT RATIOS)
  
MARCH 31, 2008
  
Earnings from continuing operations
   $ 27,608     $ 100,004  
Income taxes
     6,958       33,455  
Earnings from continuing operations before income taxes
   $ 34,566     $ 133,459  
Fixed charges:
                
Interest, long-term debt
   $ 9,376     $ 33,824  
Interest, other (including interest on short-term debt)
     2,230       7,728  
Amortization of debt expense, premium, net
     406       1,456  
Portion of rentals representative of an interest factor
     123       526  
Total fixed charges
   $ 12,135     $ 43,534  
Earnings from continuing operations before income taxes
   $ 34,566     $ 133,459  
Plus:  total fixed charges from above
     12,135       43,534  
Earnings from continuing operations before income taxes and fixed charges
   $ 46,701     $ 176,993  
Ratio of earnings to fixed charges
     3.85 X      4.07 X