EX-12.2 7 ex12_2.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES-KCP&L Unassociated Document

                       
Exhibit 12.2
                           
KANSAS CITY POWER & LIGHT COMPANY
                           
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                           
   
Three Months Ended
                   
   
March 31
                   
   
2012
2011
2010
2009
2008
2007
    (millions)
Income from continuing operations
$ 2.3   $ 135.5   $ 163.2   $ 128.9   $ 125.2   $ 156.7  
                                       
Add
                                   
Income tax expense (benefit)
  (3.3 )   69.1     81.6     46.9     59.8     59.3  
Kansas City earnings tax
  -     -     0.1     0.2     0.5     0.5  
 
Total taxes on income
  (3.3 )   69.1     81.7     47.1     60.3     59.8  
                                       
Interest on value of leased property
  1.3     5.4     5.7     6.0     3.3     3.9  
Interest on long-term debt
  30.9     118.5     117.9     110.4     79.3     54.5  
Interest on short-term debt
  1.1     5.1     3.9     5.3     15.2     20.3  
Other interest expense and amortization (a)
  1.1     5.8     4.2     0.3     1.4     6.8  
                                       
 
Total fixed charges
  34.4     134.8     131.7     122.0     99.2     85.5  
                                       
Earnings before taxes on
                                   
 
income and fixed charges
$ 33.4   $ 339.4   $ 376.6   $ 298.0   $ 284.7   $ 302.0  
                                       
Ratio of earnings to fixed charges
(b)
    2.52     2.86     2.44     2.87     3.53  
                                       
(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.
(b)
A $1.0 million deficiency in earnings caused the ratio of earnings to fixed charges to be less than a one-to-one coverage.