Evergy Metro 10-Q2005 Q1 Quarterly report

Filed: 6 May 05, 12:00am

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Exhibit 12.1

GREAT PLAINS ENERGY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Three Months Ended
	March 31

		2005			2004			2003			2002		2001			2000

		(thousands)
Income (loss) from continuing operations		$	20,190		$	173,535		$	189,702		$	136,702	$	(28,428	)	$	53,014
Add
Equity investment (income) loss			345			1,531			2,018			1,173		(23,641	)		22,994
Minority interests in subsidiaries			(888	)		(2,131	)		(1,263	)		-		(897	)		-

Income subtotal			19,647			172,935			190,457			137,875		(52,966	)		76,008

Add
Taxes on income			5,291			54,451			78,565			51,348		(34,672	)		7,926
Kansas City earnings tax			51			602			418			635		583			421

Total taxes on income			5,342			55,053			78,983			51,983		(34,089	)		8,347

Interest on value of leased
property			1,984			6,222			5,944			7,093		10,679			11,806
Interest on long-term debt			16,071			66,128			58,847			65,837		83,549			57,896
Interest on short-term debt			897			4,837			5,442			6,312		9,915			11,050
Mandatorily redeemable Preferred
Securities			-			-			9,338			12,450		12,450			12,450
Other interest expense
and amortization			954			13,563			3,912			3,760		5,188			2,927

Total fixed charges			19,906			90,750			83,483			95,452		121,781			96,129

Earnings before taxes on
income and fixed charges		$	44,895		$	318,738		$	352,923		$	285,310	$	34,726		$	180,484

Ratio of earnings to fixed charges			2.26			3.51			4.23			2.99		(a)			1.88

(a) An $87.1 million deficiency in earnings caused the ratio of earnings to fixed charges to be less than a one-to-one coverage.
A $195.8 million net write-off before income taxes related to the bankruptcy filing of DTI was recorded in 2001.