EX-12.1 7 ex12_1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Unassociated Document
                    Exhibit 12.1
                               
GREAT PLAINS ENERGY INCORPORATED
                               
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                             
    Three Months Ended  
    March 31  
     
2010
 
2009
2008
2007
2006
2005
     
(millions)
Income from continuing operations
  $ 20.3     $ 151.9   $ 119.7   $ 120.9   $ 136.7   $ 142.9  
Add
                                       
Equity investment loss
    -       0.4     1.3     2.0     1.9     0.4  
 
Income subtotal
    20.3       152.3     121.0     122.9     138.6     143.3  
                                           
Add
                                       
Taxes on income
    9.7       29.5     63.8     44.9     60.3     22.2  
Kansas City earnings tax
    0.2       0.4     0.3     0.5     0.5     0.5  
 
Total taxes on income
    9.9       29.9     64.1     45.4     60.8     22.7  
                                           
Interest on value of leased property
    1.5       6.5     3.6     3.9     4.1     6.2  
Interest on long-term debt
    54.1       203.6     126.2     74.1     62.6     64.3  
Interest on short-term debt
    2.1       10.3     18.2     26.4     9.2     4.5  
Other interest expense and amortization (a)
    -       4.7     (1.4 )   5.8     3.9     4.3  
                                           
 
Total fixed charges
    57.7       225.1     146.6     110.2     79.8     79.3  
                                           
Earnings before taxes on
                                       
 
income and fixed charges
  $ 87.9     $ 407.3   $ 331.7   $ 278.5   $ 279.2   $ 245.3  
                                           
Ratio of earnings to fixed charges
    1.52       1.81     2.26     2.53     3.50     3.09  
                                           
(a)
On January 1, 2007, Great Plains Energy elected to make an accounting policy change to recognize interest related
 
to uncertain tax positions in interest expense.