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Previous: KANSAS CITY POWER & LIGHT CO, S-3, EX-5, 2000-11-21 |
Next: KANSAS CITY POWER & LIGHT CO, S-3, EX-23, 2000-11-21 |
<TABLE>
Exhibit 12
KANSAS CITY POWER & LIGHT COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
<CAPTION>
Twelve Months Ended Year ended December 31
September 30, 2000 1999 1998 1997 1996 1995
(Thousands)
<S> <C> <C> <C> <C> <C> <C>
Income before cumulative
effect of changes in
accounting principles $116,370 $ 81,915 $120,722 $ 76,560 $108,171 $122,586
Add:
Taxes on income 18,069 3,180 32,800 8,079 31,753 66,803
Kansas City earnings tax 519 602 864 392 558 958
Total taxes on income 18,588 3,782 33,664 8,471 32,311 67,761
Interest on value of
leased property 11,390 8,577 8,482 8,309 8,301 8,269
Interest on long-term debt 57,862 51,327 57,012 60,298 53,939 52,184
Interest on short-term debt 10,459 4,362 295 1,382 1,251 1,189
Interest on Mandatorily
redeemable Preferred
Securities 12,450 12,450 12,450 8,853
Other interest expense
and amortization 3,429 3,573 4,457 3,990 4,840 3,112
Total fixed charges 95,590 80,289 82,696 82,832 68,331 64,754
Earnings before taxes
on income and fixed
charges $230,548 $165,986 $237,082 $167,863 $208,813 $255,101
Ratio of earnings to
fixed charges 2.41 2.07 2.87 2.03 3.06 3.94
</TABLE>
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