EX-12.2 8 ex12_2.htm KCP&L 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          
     
2011
 
2010
2009
2008
2007
2006
     
(millions)
Income from continuing operations
  $ 4.0     $ 163.2   $ 128.9   $ 125.2   $ 156.7   $ 149.3  
                                           
Add
                                       
Taxes on income
    (1.1 )     81.6     46.9     59.8     59.3     70.3  
Kansas City earnings tax
    -       0.1     0.2     0.5     0.5     0.5  
 
Total taxes on income
    (1.1 )     81.7     47.1     60.3     59.8     70.8  
                                           
Interest on value of leased property
    1.4       5.7     6.0     3.3     3.9     4.1  
Interest on long-term debt
    29.5       117.9     110.4     79.3     54.5     55.4  
Interest on short-term debt
    1.3       3.9     5.3     15.2     20.3     8.0  
Other interest expense and amortization (a)
    1.5       4.2     0.3     1.4     6.8     3.2  
                                           
 
Total fixed charges
    33.7       131.7     122.0     99.2     85.5     70.7  
                                           
Earnings before taxes on
                                       
 
income and fixed charges
  $ 36.6     $ 376.6   $ 298.0   $ 284.7   $ 302.0   $ 290.8  
                                           
Ratio of earnings to fixed charges
    1.09       2.86     2.44     2.87     3.53     4.11  
                                           
(a)
On January 1, 2007, Kansas City Power & Light Company elected to make an accounting policy change to
 
recognize interest related to uncertain tax positions in interest expense.