EX-12.2 3 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
                           
   
Year to Date
                   
   
September 30
 
   
2011
2010
2009
2008
2007
2006
   
(millions)
Income from continuing operations
$ 122.8   $ 163.2   $ 128.9   $ 125.2   $ 156.7   $ 149.3  
                                       
Add
                                   
Taxes on income
  67.9     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
  67.9     81.7     47.1     60.3     59.8     70.8  
                                       
Interest on value of leased property
  4.0     5.7     6.0     3.3     3.9     4.1  
Interest on long-term debt
  86.3     117.9     110.4     79.3     54.5     55.4  
Interest on short-term debt
  4.1     3.9     5.3     15.2     20.3     8.0  
Other interest expense and amortization (a)
  3.2     4.2     0.3     1.4     6.8     3.2  
                                       
 
Total fixed charges
  97.6     131.7     122.0     99.2     85.5     70.7  
                                       
Earnings before taxes on
                                   
 
income and fixed charges
$ 288.3   $ 376.6   $ 298.0   $ 284.7   $ 302.0   $ 290.8  
                                       
Ratio of earnings to fixed charges
  2.95     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.