Exhibit 12.2 | |||||||||||||||||||
KANSAS CITY POWER & LIGHT COMPANY | |||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||
Year to Date | |||||||||||||||||||
June 30 | |||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||
(millions) | |||||||||||||||||||
Income from continuing operations | $ | 43.3 | $ | 125.2 | $ | 156.7 | $ | 149.3 | $ | 151.5 | $ | 139.9 | |||||||
Add | |||||||||||||||||||
Taxes on income | 13.4 | 59.8 | 59.3 | 70.3 | 48.0 | 53.8 | |||||||||||||
Kansas City earnings tax | (0.1 | ) | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | ||||||||||||
Total taxes on income | 13.3 | 60.3 | 59.8 | 70.8 | 48.5 | 54.3 | |||||||||||||
Interest on value of leased property | 3.0 | 3.3 | 3.9 | 4.1 | 6.2 | 6.2 | |||||||||||||
Interest on long-term debt | 51.3 | 79.3 | 54.5 | 55.4 | 56.7 | 61.2 | |||||||||||||
Interest on short-term debt | 4.1 | 15.2 | 20.3 | 8.0 | 3.1 | 0.5 | |||||||||||||
Other interest expense and amortization (a) | 0.9 | 1.4 | 6.8 | 3.2 | 3.6 | 14.0 | |||||||||||||
Total fixed charges | 59.3 | 99.2 | 85.5 | 70.7 | 69.6 | 81.9 | |||||||||||||
Earnings before taxes on | |||||||||||||||||||
income and fixed charges | $ | 115.9 | $ | 284.7 | $ | 302.0 | $ | 290.8 | $ | 269.6 | $ | 276.1 | |||||||
Ratio of earnings to fixed charges | 1.95 | 2.87 | 3.53 | 4.11 | 3.87 | 3.37 | |||||||||||||
(a) | On January 1, 2007, Great Plains Energy adopted FIN No. 48, "Accounting for Uncertainty in Income Taxes," and | ||||||||||||||||||
along with the adoption elected to make an accounting policy change to recognize interest related to uncertain tax | |||||||||||||||||||
positions in interest expense. |
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10-Q Filing
Evergy Metro 10-Q2009 Q2 Quarterly report
Filed: 5 Aug 09, 12:00am