EX-12 2 ex12_1.htm EX 12.1 - RATIO OF EARNINGS - GPE
Exhibit 12.1

GREAT PLAINS ENERGY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Year to Date
June 30

2005 2004 2003 2002 2001 2000

(thousands)
Income (loss) from continuing operations     $ 45,697   $ 173,535   $ 189,702   $ 136,702   $ (28,428 ) $ 53,014  
Add  
Equity investment (income) loss    689    1,531    2,018    1,173    (23,641 )  22,994  
Minority interests in subsidiaries    7,805    (2,131 )  (1,263 )  -    (897 )  -  

     Income subtotal    54,191    172,935    190,457    137,875    (52,966 )  76,008  

Add  
Taxes on income    15,096    54,451    78,565    51,348    (34,672 )  7,926  
Kansas City earnings tax    204    602    418    635    583    421  

     Total taxes on income    15,300    55,053    78,983    51,983    (34,089 )  8,347  

Interest on value of leased property    2,248    6,222    5,944    7,093    10,679    11,806  
Interest on long-term debt    31,973    66,128    58,847    65,837    83,549    57,896  
Interest on short-term debt    1,818    4,837    5,442    6,312    9,915    11,050  
Mandatorily Redeemable Preferred  
     Securities    -    -    9,338    12,450    12,450    12,450  
Other interest expense and amortization    2,849    13,563    3,912    3,760    5,188    2,927  

     Total fixed charges    38,888    90,750    83,483    95,452    121,781    96,129  

Earnings before taxes on  
     income and fixed charges   $108,379   $ 318,738   $ 352,923   $ 285,310   $ 34,726   $ 180,484  

Ratio of earnings to fixed charges    2.79    3.51    4.23    2.99    (a)    1.88  

(a)  An $87.1 million deficiency in earnings caused the ratio of earnings to fixed charges to be less than a one-      to-one coverage. A $195.8 million net write-off before income taxes related to the bankruptcy filing of DTI       was recorded in 2001.