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 INCORPORATED
                           
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                           
   
Year to Date
                   
 
June 30
         
 
2011
2010
2009
2008
2007
2006
   
(millions)
Income from continuing operations
$ 45.7   $ 211.9   $ 151.9   $ 119.7   $ 120.9   $ 136.7  
Add
                                   
Equity investment loss
  0.1     1.0     0.4     1.3     2.0     1.9  
 
Income subtotal
  45.8     212.9     152.3     121.0     122.9     138.6  
                                       
Add
                                   
Taxes on income
  15.2     99.0     29.5     63.8     44.9     60.3  
Kansas City earnings tax
  -     0.1     0.4     0.3     0.5     0.5  
 
Total taxes on income
  15.2     99.1     29.9     64.1     45.4     60.8  
                                       
Interest on value of leased property
  3.1     6.2     6.5     3.6     3.9     4.1  
Interest on long-term debt
  107.9     218.9     203.6     126.2     74.1     62.6  
Interest on short-term debt
  6.6     9.7     10.3     18.2     26.4     9.2  
Other interest expense and amortization (a)
  5.0     9.7     4.7     (1.4 )   5.8     3.9  
                                       
 
Total fixed charges
  122.6     244.5     225.1     146.6     110.2     79.8  
                                       
Earnings before taxes on
                                   
 
income and fixed charges
$ 183.6   $ 556.5   $ 407.3   $ 331.7   $ 278.5   $ 279.2  
                                       
Ratio of earnings to fixed charges
  1.50     2.28     1.81     2.26     2.53     3.50  
                                       
(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.