EX-12.1 12 ex12_1.htm GPE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ex12_1.htm
                         Exhibit 12.1
                             
 
GREAT PLAINS ENERGY
                             
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                             
   
Year to Date
                      
   
June 30
                      
   
2008
2007
2006
2005
2004
  
2003
   
(millions)
Income from continuing operations
$
 7.8  
$
 120.9  
$
 136.7  
$
 135.1  
$
 132.3    
$
 149.6  
Add                                      
Minority interests in subsidiaries   -     -     -     7.8     (5.1 )     (1.3 )
Equity investment (income) loss   0.8     2.0     1.9     0.4     1.5       2.0  
Income subtotal
   8.6     122.9     138.6     143.3     128.7       150.3  
                                         
Add                                      
Taxes on income   22.5     44.9     60.3     22.2     30.7       48.1  
Kansas City earnings tax   -     0.5     0.5     0.5     0.5       0.4  
Total taxes on income
   22.5     45.4     60.8     22.7     31.2       48.5  
                                         
Interest on value of leased property   1.6     3.9     4.1     6.2     6.2       5.9  
Interest on long-term debt   50.1     74.1     62.6     64.3     66.1       58.8  
Interest on short-term debt   8.8     26.4     9.2     4.5     4.3       5.0  
Mandatorily Redeemable Preferred                                      
Securities
   -     -     -     -     -       9.3  
Other interest expense and amortization (a)   3.2     5.8     3.9     4.3     13.6       3.9  
                                         
Total fixed charges
   63.7     110.2     79.8     79.3     90.2       82.9  
                                         
Earnings before taxes on                                      
income and fixed charges
$
 94.8  
$
 278.5  
$
 279.2  
$
 245.3  
$
 250.1    
$
 281.7  
                                         
Ratio of earnings to fixed charges   1.49     2.53     3.50     3.09     2.77       3.40  
                                         
(a)
On January 1, 2007, Great Plains Energy 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.