EX-12 10 ex12_1.htm GPE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHGS Unassociated Document
                       
Exhibit 12.1
 
                           
 GREAT PLAINS ENERGY
 
                           
 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
                           
       
 
 
 
 
 
 
 
 
 
 
           
Adjusted
 
Adjusted
 
 Adjusted
 
 Adjusted
 
       
2006
 
2005
 
2004
 
2003
 
2002
 
       
(thousands)
 
Income (loss) from continuing operations
$
127,630
 
$
164,197
 
$
175,271
 
$
189,230
 
$
136,194
 
Add
                             
Minority interests in subsidiaries
 
-
   
7,805
   
(2,131
)
 
(1,263
)
 
-
 
Equity investment (income) loss
 
1,932
   
434
   
1,531
   
2,018
   
1,173
 
Income subtotal
         
129,562
   
172,436
   
174,671
   
189,985
   
137,367
 
                                       
Add
                             
Taxes on income
 
47,822
   
39,462
   
55,391
   
78,263
   
51,023
 
Kansas City earnings tax
 
544
   
498
   
602
   
418
   
635
 
Total taxes on income
         
48,366
   
39,960
   
55,993
   
78,681
   
51,658
 
                                       
Interest on value of leased property
 
4,144
   
6,229
   
6,222
   
5,944
   
7,093
 
Interest on long-term debt
 
62,643
   
64,349
   
66,128
   
58,847
   
65,837
 
Interest on short-term debt
 
9,057
   
5,145
   
4,837
   
5,442
   
6,312
 
Mandatorily Redeemable Preferred
                             
Securities
         
-
   
-
   
-
   
9,338
   
12,450
 
Other interest expense and amortization
 
5,207
   
5,891
   
13,563
   
3,912
   
3,760
 
                                       
Total fixed charges
         
81,051
   
81,614
   
90,750
   
83,483
   
95,452
 
                                       
Earnings before taxes on
                             
income and fixed charges
       
$
258,979
 
$
294,010
 
$
321,414
 
$
352,149
 
$
284,477
 
                                       
Ratio of earnings to fixed charges
 
3.20
   
3.60
   
3.54
   
4.22
   
2.98