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|                                             |                                                         |                            |                   |                   | 
|-------------------------------------------- | ------------------------------------------------------- | -------------------------- | ----------------- | ----------------- | 
|                                             |                                                         |                            | EXHIBIT 12b      
|                                             |                                                         |                            |                   |                   | 
|CLECO POWER LLC                             
|COMPUTATION OF EARNINGS TO FIXED CHARGES    
|(UNAUDITED)                                 
|                                             |                                                         |                            |                   |                   | 
|                                             |                                                         | For the                    |                   | For the           | 
|                                             |                                                         | three                      |                   | twelve            | 
|                                             |                                                         | months ended               |                   | months ended      | 
|                                             |                                                         | March 31, 2003             |                  
|                                             |                                                         | (Thousands, except ratios) |                  
|                                             |                                                         |                            |                   |                   | 
|Earnings from operations                     | $          15,937                                       |                            | $          61,414 |                  
|Income taxes                                 | 6,428                                                   |                            | 30,675            |                  
|                                             |                                                         |                            |                   |                   | 
|Earnings from operations before income taxes | $          22,365                                       |                            | $          92,089 |                  
|                                             |                                                         |                            |                   |                   | 
|Fixed charges:                               |                                                         |                            |                   |                  
|                                             | Interest, long-term debt                                | $            5,990         |                   | $          24,773 | 
|                                             | Interest, other (including interest on short-term debt) | 879                        |                   | 4,324             | 
|                                             | Amortization of debt expense, premium, net              | 258                        |                   | 983               | 
|                                             | Portion of rentals representative of an interest factor | 155                        |                   | 530               | 
|                                             |                                                         |                            |                   |                   | 
|Total fixed charges                          | $            7,282                                      |                            | $          30,610 |                  
|                                             |                                                         |                            |                   |                   | 
|Earnings from operations before income taxes |                                                         |                            |                   |                  
|                                             | and fixed charges                                       | $          29,647          |                   | $        122,699  | 
|                                             |                                                         |                            |                   |                   | 
|Ratio of earnings to fixed charges           | 4.07                                                    | x                          | 4.01              | x                
|                                             |                                                         |                            |                   |                   | 



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