EX-12.1 5 ex12-1.htm GPE 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
                       
                       
                       
   
2011
2010
2009
2008
2007
   
(millions)
Income from continuing operations
$ 174.2   $ 211.9   $ 151.9   $ 119.7   $ 120.9  
Add
                             
Equity investment loss
  0.1     1.0     0.4     1.3     2.0  
 
Income subtotal
  174.3     212.9     152.3     121.0     122.9  
                                 
Add
                             
Taxes on income
  84.8     99.0     29.5     63.8     44.9  
Kansas City earnings tax
  -     0.1     0.4     0.3     0.5  
 
Total taxes on income
  84.8     99.1     29.9     64.1     45.4  
                                 
Interest on value of leased property
  5.9     6.2     6.5     3.6     3.9  
Interest on long-term debt
  223.2     218.9     203.6     126.2     74.1  
Interest on short-term debt
  11.8     9.7     10.3     18.2     26.4  
Other interest expense and amortization (a)
  11.6     9.7     4.7     (1.4 )   5.8  
                                 
 
Total fixed charges
  252.5     244.5     225.1     146.6     110.2  
                                 
Earnings before taxes on
                             
 
income and fixed charges
$ 511.6   $ 556.5   $ 407.3   $ 331.7   $ 278.5  
                                 
Ratio of earnings to fixed charges
  2.03     2.28     1.81     2.26     2.53  
                                 
(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.