EX-12 12 ex12_2.htm EX 12.1 - GPE RATIO OF FIXED CHARGES
Exhibit 12.2
 
KANSAS CITY POWER & LIGHT COMPANY
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
Year to date
June 30
2004 2003 2002 2001 2000 1999

Income from continuing operations (thousands)
   before cumulative effect of changes                            
   in accounting principle   $ 53,512   $ 125,845   $ 102,666   $ 116,065   $ 53,014   $ 82,485  
Add:  
Equity investment (income) loss    -    -    -    (23,516 )  22,994    22,328  
Minority interests in subsidiaries    (2,521 )  (1,263 )  -    (897 )  -    -  

    Income subtotal    50,991    124,582    102,666    91,652    76,008    104,813  

Add:  
Taxes on income    31,443    83,572    62,857    31,935    7,926    4,707  
Kansas City earnings tax    299    418    635    583    421    602  

    Total taxes on income    31,742    83,990    63,492    32,518    8,347    5,309  

Interest on value of leased  
    property    3,209    5,944    7,093    10,679    11,806    8,577  
Interest on long-term debt    33,004    57,697    63,845    78,915    57,896    51,327  
Interest on short-term debt    269    560    1,218    8,883    11,050    3,178  
Mandatorily redeemable Preferred  
    Securities    -    9,338    12,450    12,450    12,450    12,450  
Other interest expense  
    and amortization    1,916    4,067    3,772    5,188    2,927    3,573  

    Total fixed charges    38,398    77,606    88,378    116,115    96,129    79,105  

Earnings before taxes on  
     income and fixed charges   $ 121,131   $ 286,178   $ 254,536   $ 240,285   $ 180,484   $ 189,227  

Ratio of earnings to fixed charges    3.15    3.69    2.88    2.07    1.88    2.39