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CILCORP
INC.
Computation
of Ratio of Earnings to Fixed Charges
(Thousands
of Dollars, Except Ratios)
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Three
Months
Ended
March
31, 2006
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Net
income from continuing operations
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$
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7,898
|
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Add-
Taxes based on income
|
2,963
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Net
income before income taxes
|
10,861
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Add-
fixed charges:
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Interest
on long term debt
|
12,591
|
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Estimated
interest cost within rental expense
|
64
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Amortization
of net debt premium, discount,
and
expenses
|
133
|
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Subsidiary
preferred stock dividends
|
491
|
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Adjust
preferred stock dividends to pre-tax
basis
|
249
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Total
fixed charges
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13,528
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Less:
Adjustment of preferred stock dividends to
pre-tax
basis
|
249
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Earnings
available for fixed charges
|
24,140
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Ratio
of earnings to fixed charges
|
1.78
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