EX-12 11 ex12_1.htm COMP OF RATIO OF EARNINGS TO FIXED CHARGES (GPE) Unassociated Document

Exhibit 12.1


GREAT PLAINS ENERGY
  
                       
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
  
   
 
  
 
  
 
  
 
  
 
  
   
2005
  
2004
  
2003
  
2002
  
2001
  
   
(thousands)
  
Income (loss) from continuing operations
  
$
164,209
  
$
173,535
  
$
189,702
  
$
136,702
  
$
(28,428
)
Add
                                
Minority interests in subsidiaries
    
7,805
   
(2,131
)
  
(1,263
)
  
-
   
(897
)
Equity investment (income) loss
    
434
   
1,531
   
2,018
   
1,173
   
(23,641
)
     Income subtotal
    
172,448
   
172,935
   
190,457
   
137,875
   
(52,966
)
                                 
Add
                                
Taxes on income
    
39,691
   
54,451
   
78,565
   
51,348
   
(34,672
)
Kansas City earnings tax
    
498
   
602
   
418
   
635
   
583
 
     Total taxes on income
    
40,189
   
55,053
   
78,983
   
51,983
   
(34,089
)
                                 
Interest on value of leased property
    
6,229
   
6,222
   
5,944
   
7,093
   
10,679
 
Interest on long-term debt
    
64,349
   
66,128
   
58,847
   
65,837
   
83,549
 
Interest on short-term debt
    
5,145
   
4,837
   
5,442
   
6,312
   
9,915
 
Mandatorily Redeemable Preferred
                                
     Securities
    
-
   
-
   
9,338
   
12,450
   
12,450
 
Other interest expense and amortization
    
5,891
   
13,563
   
3,912
   
3,760
   
5,188
 
                                 
     Total fixed charges
    
81,614
   
90,750
   
83,483
   
95,452
   
121,781
 
                                 
Earnings before taxes on
                                
     income and fixed charges
  
$
294,251
  
$
318,738
  
$
352,923
  
$
285,310
  
$
34,726
  
                                 
Ratio of earnings to fixed charges
    
3.61
   
3.51
   
4.23
   
2.99
   
(a
)
                                 
(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.