EX-12.2 14 ex12-2.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Unassociated Document

                         
Exhibit 12.2
                             
KANSAS CITY POWER & LIGHT COMPANY
                             
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                             
   
Three Months Ended
                   
   
March 31
                   
     
     2009
2008
2007
2006
2005
2004
     
(millions)
Income from continuing operations
 
$
8.4
 
$
125.2  
$
156.7  
$
149.3  
$
143.7  
$
145.0  
Add
                                     
Minority interests in subsidiaries
    -     -     -     -     7.8     (5.1 )
Income subtotal
    8.4     125.2     156.7     149.3     151.5     139.9  
                                         
Add
                                     
Taxes on income
    (2.6 )   59.8     59.3     70.3     48.0     53.8  
Kansas City earnings tax
    -     0.5     0.5     0.5     0.5     0.5  
Total taxes on income
    (2.6 )   60.3     59.8     70.8     48.5     54.3  
                                         
Interest on value of leased property
    1.5     3.3     3.9     4.1     6.2     6.2  
Interest on long-term debt
    21.7     79.3     54.5     55.4     56.7     61.2  
Interest on short-term debt
    2.8     15.2     20.3     8.0     3.1     0.5  
Other interest expense and amortization (a)
    0.5     1.4     6.8     3.2     3.6     14.0  
                                         
Total fixed charges
    26.5     99.2     85.5     70.7     69.6     81.9  
                                         
Earnings before taxes on
                                     
income and fixed charges
 
$
32.3  
$
284.7  
$
302.0  
$
290.8  
$
269.6  
$
276.1  
                                         
Ratio of earnings to fixed charges
    1.22     2.87     3.53     4.11     3.87     3.37  
                                         
(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.