EX-12.2 17 ex12-2.htm KCP&L COMPUTATION OF RATIO OF EARNINGS STO FIXED CHARGES Unassociated Document

                   
Exhibit 12.2
                           
                           
KANSAS CITY POWER & LIGHT COMPANY
                           
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                           
 
Year to Date
                  
 
 
September 30
 
  
 
  
 
  
 
  
 
  
 
 
2007
2006
2005
2004
2003
2002
   
(thousands)
  
Income from continuing operations
  
$
115,073
 
$
149,321
  
$
143,645
  
$
145,028
  
$
125,373
  
$
102,158
 
Add
                                      
Minority interests in subsidiaries
    
-
   
- 
    
7,805
 
  
(5,087
)
  
(1,263
 )  
-
 
Income subtotal
    
115,073
 
  
149,321
    151,450    
139,941
    
124,110
    
102,158
 
                                       
Add
                                      
Taxes on income
    
45,680
 
  
70,302
   
47,984
    
53,703
    
83,270
    
62,532
 
Kansas City earnings tax
    
464
    
544
   
 498
    
602
    
418
    
635
 
Total taxes on income
    
46,144
 
  
70,846
   
 48,482
    
54,305
    
83,688
    
63,167
 
                                       
Interest on value of leased property
    
2,734
    
4,144
   
6,229
    
6,222
   
5,944
   
7,093
 
Interest on long-term debt
    
39,494
    
55,360
   
56,655
    
61,237
   
57,697
   
63,845
 
Interest on short-term debt
    
14,696
    
7,998
   
 3,117
     480    
560
   
1,218
 
Mandatorily Redeemable Preferred
                                      
Securities
    
-
   
-
   
 -
    
-
    
9,338
   
12,450
 
Other interest expense and amortization (a)
  
8,387
    
3,207
   
3,667
    
13,951
   
4,067
   
3,772
 
                                       
Total fixed charges
    
65,311
    
70,709
   
69,668
    
81,890
   
77,606
   
88,378
 
                                       
Earnings before taxes on
                                      
income and fixed charges
  
$
226,528
  
$
290,876
  
$
269,600
  
$
276,136
  
$
285,404
  
$
253,703
  
                                       
Ratio of earnings to fixed charges
    
3.47
 
  
4.11
   
 3.87
    
3.37
    
3.68
    
2.87
 
 
(a)  On January 1, 2007, Kansas City Power & Light Company adopted FIN No. 48, "Accounting for Uncertainty in Income Taxes," and 
       along with the adoption, elected to make an accounting policy change to recognize interest related to uncertain tax positions in
       interest expense.