Attached files
| Exhibit 12.2 | |||||||||||||||||||||
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KANSAS CITY POWER & LIGHT COMPANY
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| Three Months Ended | |||||||||||||||||||||
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March 31
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2010
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2009
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2008
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2007
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2006
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2005
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(millions)
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Income from continuing operations
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$ | 19.2 | $ | 128.9 | $ | 125.2 | $ | 156.7 | $ | 149.3 | $ | 151.5 | |||||||||
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Add
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Taxes on income
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7.6 | 46.9 | 59.8 | 59.3 | 70.3 | 48.0 | |||||||||||||||
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Kansas City earnings tax
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0.2 | 0.2 | 0.5 | 0.5 | 0.5 | 0.5 | |||||||||||||||
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Total taxes on income
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7.8 | 47.1 | 60.3 | 59.8 | 70.8 | 48.5 | |||||||||||||||
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Interest on value of leased property
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1.4 | 6.0 | 3.3 | 3.9 | 4.1 | 6.2 | |||||||||||||||
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Interest on long-term debt
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29.5 | 110.4 | 79.3 | 54.5 | 55.4 | 56.7 | |||||||||||||||
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Interest on short-term debt
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0.7 | 5.3 | 15.2 | 20.3 | 8.0 | 3.1 | |||||||||||||||
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Other interest expense and amortization (a)
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(0.7 | ) | 0.3 | 1.4 | 6.8 | 3.2 | 3.6 | ||||||||||||||
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Total fixed charges
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30.9 | 122.0 | 99.2 | 85.5 | 70.7 | 69.6 | |||||||||||||||
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Earnings before taxes on
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income and fixed charges
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$ | 57.9 | $ | 298.0 | $ | 284.7 | $ | 302.0 | $ | 290.8 | $ | 269.6 | |||||||||
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Ratio of earnings to fixed charges
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1.87 | 2.44 | 2.87 | 3.53 | 4.11 | 3.87 | |||||||||||||||
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(a)
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On January 1, 2007, Kansas City Power & Light Company elected to make an accounting policy change to
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recognize interest related to uncertain tax positions in interest expense.
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