EX-12.2 17 ex12_2.htm KCP&L COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ex12_2.htm
                    Exhibit 12.2
                           
KANSAS CITY POWER & LIGHT COMPANY
 
                           
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
                           
   
Year to Date
                   
   
June 30
                   
   
2008
2007
2006
2005
2004
2003
   
(millions)
 
Income from continuing operations
$
24.9  
$
156.7  
$
149.3  
$
143.7  
$
145.0  
$
125.4  
Add
                                   
Minority interests in subsidiaries
  -     -     -     7.8     (5.1 )   (1.3 )
Income subtotal
  24.9     156.7     149.3     151.5     139.9     124.1  
                                       
Add
                                   
Taxes on income
  26.8     59.3     70.3     48.0     53.8     83.3  
Kansas City earnings tax
  -     0.5     0.5     0.5     0.5     0.4  
Total taxes on income
  26.8     59.8     70.8     48.5     54.3     83.7  
                                       
Interest on value of leased property
  1.6     3.9     4.1     6.2     6.2     5.9  
Interest on long-term debt
  37.3     54.5     55.4     56.7     61.2     57.7  
Interest on short-term debt
  7.5     20.3     8.0     3.1     0.5     0.6  
Mandatorily Redeemable Preferred
                                   
Securities
  -     -     -     -     -     9.3  
Other interest expense and amortization (a)
  2.0     6.8     3.2     3.6     14.0     4.1  
                                       
Total fixed charges
  48.4     85.5     70.7     69.6     81.9     77.6  
                                       
Earnings before taxes on
                                   
income and fixed charges
$
100.1  
$
302.0  
$
290.8  
$
269.6  
$
276.1  
$
285.4  
                                       
Ratio of earnings to fixed charges
  2.07     3.53     4.11     3.87     3.37     3.68  
                                       
(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.