EX-12.1 4 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
                   
   
2009
2008
2007
2006
2005
2004
   
(millions)
Income from continuing operations
$
58.6
 
$
119.7  
$
120.9  
$
136.7  
$
142.9  
$
127.2  
Add
                                   
Equity investment loss
  0.2     1.3     2.0     1.9     0.4     1.5  
Income subtotal
  58.8     121.0     122.9     138.6     143.3     128.7  
                                       
Add
                                   
Taxes on income
  (9.3 )   63.8     44.9     60.3     22.2     30.7  
Kansas City earnings tax
  -     0.3     0.5     0.5     0.5     0.5  
Total taxes on income
  (9.3 )   64.1     45.4     60.8     22.7     31.2  
                                       
Interest on value of leased property
  3.5     3.6     3.9     4.1     6.2     6.2  
Interest on long-term debt
  92.8     126.2     74.1     62.6     64.3     66.1  
Interest on short-term debt
  7.0     18.2     26.4     9.2     4.5     4.3  
Other interest expense and amortization (a)
  3.7     (1.4 )   5.8     3.9     4.3     13.6  
                                       
Total fixed charges
  107.0     146.6     110.2     79.8     79.3     90.2  
                                       
Earnings before taxes on
                                   
income and fixed charges
$
156.5  
$
331.7  
$
278.5  
$
279.2  
$
245.3  
$
250.1  
                                       
Ratio of earnings to fixed charges
  1.46     2.26     2.53     3.50     3.09     2.77  
                                       
(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.