EX-12 10 ex12_2.htm GPE

Exhibit 12.2

KANSAS CITY POWER & LIGHT COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Year to date
September 30
2003 2002 2001 2000 1999 1998

(Thousands)
Income from continuing operations                            
   before cumulative effect of changes  
   in accounting principle   $113,556   $ 102,666   $ 126,896   $ 128,631   $ 81,915   $ 120,722  
Add:  
Equity investment (income) loss    -    -    (24,514 )  19,441    24,951    11,683  
Minority interests in subsidiaries    -    -    (897 )  -    1    (2,222 )

    Income subtotal    113,556    102,666    101,485    148,072    106,867    130,183  

   
Add:  
Taxes on income    75,598    62,857    39,389    53,166    3,180    32,800  
Kansas City earnings tax    789    635    583    421    602    864  

    Total taxes on income    76,387    63,492  39,972  53,587    3,782    33,664  

   
Interest on value of leased  
    property    4,807    7,093  10,679  11,806  8,577    8,482  
Interest on long-term debt    41,197    63,845  78,915  60,956    51,327    57,012  
Interest on short-term debt    399    1,218  8,883  11,537    4,362    295  
Mandatorily redeemable Preferred  
    Securities    9,337    12,450  12,450  12,450    12,450    12,450  
Other interest expense  
    and amortization    3,032    3,772  5,188  2,927    3,573    4,457  

    Total fixed charges    58,772    88,378    116,115    99,676    80,289    82,696  

   
Earnings before taxes on  
     income and fixed charges    248,715    254,536    257,572    301,335    190,938    246,543  

   
Ratio of earnings to fixed charges    4.23    2.88    2.22    3.02    2.38    2.98