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Exhibit 12(b)

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

|                                                                             | For the
three
months
ended | For the
six
months
ended | For the
twelve
months
ended
|---------------------------------------------------------------------------- | -------------------------- | ------------------------ | ---------------------------
|                                                                             | June 30, 2002             
|                                                                             | (Thousands, except ratios)
|                                                                             |                            |                          |                            
|Earnings from continuing operations                                          | $   15,381                 | $    29,479              | $   67,446                 
|Income taxes                                                                 | 9,478                      | 17,403                   | 37,792                     
|                                                                             |                            |                          |                            
|Earnings from continuing operations before income taxes                      | $   24,859                 | $    46,882              | $ 105,238                  
|                                                                             | ======                     | ======                   | ======                     
|                                                                             |                            |                          |                            
|Fixed charges:                                                               |                            |                          |                            
|Interest, long-term debt                                                     | $     6,581                | $    12,561              | $   24,103                 
|Interest, other (including interest on short-term debt)                      | 465                        | 1,021                    | 2,082                      
|Amortization of debt expense, premium, net                                   | 220                        | 426                      | 856                        
|Portion of rentals representative of an interest factor                      | 132                        | 286                      | 535                        
|                                                                             |                            |                          |                            
|Total fixed charges                                                          | $     7,398                | $    14,294              | $   27,576                 
|                                                                             | ======                     | ======                   | ======                     
|                                                                             |                            |                          |                            
|Earnings from continuing operations before
   income taxes and fixed charges | $   32,257                 | $    61,176              | $ 132,814                  
|                                                                             | ======                     | ======                   | ======                     
|                                                                             |                            |                          |                            
|Ratio of earnings to fixed charges                                           | 4.36 x                     | 4.28 x                   | 4.82 x                     
|                                                                             | ======                     | ======                   | ======                     
|                                                                             |                            |                          |                            

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