EX-12 9 ex12_2.htm EX 12.2 - RATIO OF EARNINGS - KCPL
Exhibit 12.2

KANSAS CITY POWER & LIGHT COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Year to Date
June 30

2005 2004 2003 2002 2001 2000

(thousands)
Income from continuing operations     $ 39,289   $ 143,292   $ 125,845   $ 102,666   $ 116,065   $ 53,014  
Add  
Equity investment (income) loss    -    -    -    -    (23,516 )  22,994  
Minority interests in subsidiaries    7,805    (5,087 )  (1,263 )  -    (897 )  -  

     Income subtotal    47,094    138,205    124,582    102,666    91,652    76,008  

Add  
Taxes on income    15,431    52,763    83,572    62,857    31,935    7,926  
Kansas City earnings tax    204    602    418    635    583    421  

     Total taxes on income    15,635    53,365    83,990    63,492    32,518    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    28,056    61,237    57,697    63,845    78,915    57,896  
Interest on short-term debt    924    480    560    1,218    8,883    11,050  
Mandatorily Redeemable Preferred  
     Securities    -    -    9,338    12,450    12,450    12,450  
Other interest expense and amortization   1,888    13,951    4,067    3,772    5,188    2,927  

     Total fixed charges    33,116    81,890    77,606    88,378    116,115    96,129  

Earnings before taxes on  
     income and fixed charges   $ 95,845   $ 273,460   $ 286,178   $ 254,536   $ 240,285   $ 180,484  

Ratio of earnings to fixed charges    2.89    3.34    3.69    2.88    2.07    1.88