Exhibit 12(b)

CLECO POWER
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(UNAUDITED)

|                                                        | For the three months ended | For the
nine
months ended | For the twelve months ended
|------------------------------------------------------- | -------------------------- | ------------------------- | ---------------------------
|                                                        | September 30, 2001        
|                                                        |                           
|                                                        | (Thousands, except ratios)
|                                                        |                            |                           |                            
|Earnings from continuing operations                     | $  21,089                  | $  42,258                 | $  52,825                  
|Income taxes                                            | 11,543                     | 22,444                    | 27,468                     
|                                                        |                            |                           |                            
|Earnings from continuing operations before income taxes | $  32,632                  | $  64,702                 | $  80,293                  
|                                                        | ======                     | ======                    | ======                     
|                                                        |                            |                           |                            
|Fixed charges:                                          |                            |                           |                            
|Interest, long-term debt                                | $   5,845                  | $  18,065                 | $  24,151                  
|Interest, other (including interest on short-term debt) | 678                        | 2,973                     | 3,991                      
|Amortization of debt expense, premium, net              | 218                        | 667                       | 893                        
|Portion of rentals representative of an interest factor | 130                        | 414                       | 546                        
|                                                        |                            |                           |                            
|Total fixed charges                                     | $    6,871                 | $  22,119                 | $  29,581                  
|                                                        | ======                     | ======                    | ======                     
|                                                        |                            |                           |                            
|Earnings from continuing operations before              |                            |                           |                            
|income taxes and fixed charges                          | $  39,503                  | $  86,821                 | $ 109,874                  
|                                                        | ======                     | ======                    | ======                     
|                                                        |                            |                           |                            
|Ratio of earnings to fixed charges                      | 5.75x                      | 3.93x                     | 3.71x                      
|                                                        | ======                     | ======                    | ======                     
|                                                        |                            |                           |