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Previous: CLECO UTILITY GROUP INC, 10-12G/A, EX-11, 2000-12-15 |
Next: CLECO UTILITY GROUP INC, 10-12G/A, EX-27, 2000-12-15 |
<PAGE>
EXHIBIT 12
CLECO UTILITY GROUP INC.
COMPUTATION OF EARNINGS TO FIXED CHARGES
AND EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(Unaudited)
<TABLE>
<CAPTION>
(In thousands,
except ratios)
FOR THE TWELVE
MONTHS ENDED
SEPTEMBER 30,
2000
--------------
<S> <C>
Earnings $ 59,655
Income taxes 28,452
--------
Earnings from continuing operations before income taxes $ 88,107
========
Fixed charges:
Interest, long-term debt $ 25,546
Interest, other (including interest on short-term debt) 2,569
Amortization of debt expense, premium, net 1,146
Portion of rentals representative of an interest factor 483
--------
Total fixed charges $ 29,744
========
Earnings from continuing operations before
income taxes and fixed charges $117,851
========
Ratio of earnings to fixed charges 3.96x
========
Fixed charges from above $ 29,744
Preferred stock dividends* 0
--------
Total fixed charges and preferred stock dividends $ 29,744
========
Ratio of earnings to combined fixed charges and
preferred stock dividends 3.01x
========
</TABLE>
* Preferred stock dividends multiplied by the ratio of pretax
income to net income.
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