EX-12 4 ex12.htm EX. 12 - COMP RATIO OF EARNINGS TO FIXED CHARGES Unassociated Document
 
Exhibit 12


KANSAS CITY POWER & LIGHT COMPANY
  
                       
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
  
   
 
  
 
  
 
  
 
  
 
  
   
2005
  
2004
  
2003
  
2002
  
2001
  
   
(thousands)
  
Income from continuing operations
 
$
143,657
  
$
143,292
  
$
125,845
  
$
102,666
  
$
116,065
  
Add
                                
Minority interests in subsidiaries
    
7,805
   
(5,087
)
  
(1,263
)
  
-
   
(897
)
Equity investment (income) loss
    
-
   
-
   
-
   
-
   
(23,516
)
     Income subtotal
    
151,462
   
138,205
   
124,582
   
102,666
   
91,652
 
                                 
Add
                                
Taxes on income
    
48,213
   
52,763
   
83,572
   
62,857
   
31,935
 
Kansas City earnings tax
    
498
   
602
   
418
   
635
   
583
 
     Total taxes on income
    
48,711
   
53,365
   
83,990
   
63,492
   
32,518
 
                                 
Interest on value of leased property
    
6,229
   
6,222
   
5,944
   
7,093
   
10,679
 
Interest on long-term debt
    
56,655
   
61,237
   
57,697
   
63,845
   
78,915
 
Interest on short-term debt
    
3,117
   
480
   
560
   
1,218
   
8,883
 
Mandatorily Redeemable Preferred
                                
     Securities
    
-
   
-
   
9,338
   
12,450
   
12,450
 
Other interest expense and amortization
    
3,667
   
13,951
   
4,067
   
3,772
   
5,188
 
                                 
     Total fixed charges
    
69,668
   
81,890
   
77,606
   
88,378
   
116,115
 
                                 
Earnings before taxes on
                                
     income and fixed charges
  
$
269,841
  
$
273,460
  
$
286,178
  
$
254,536
  
$
240,285
  
                                 
Ratio of earnings to fixed charges
    
3.87
   
3.34
   
3.69
   
2.88
   
2.07