Exhibit 12.1 | |||||||||||||||||||
GREAT PLAINS ENERGY | |||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||
Year to Date | |||||||||||||||||||
September 30 | |||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||
(millions) | |||||||||||||||||||
Income from continuing operations | $ | 137.0 | $ | 119.7 | $ | 120.9 | $ | 136.7 | $ | 142.9 | $ | 127.2 | |||||||
Add | |||||||||||||||||||
Equity investment loss | 0.4 | 1.3 | 2.0 | 1.9 | 0.4 | 1.5 | |||||||||||||
Income subtotal | 137.4 | 121.0 | 122.9 | 138.6 | 143.3 | 128.7 | |||||||||||||
Add | |||||||||||||||||||
Taxes on income | 26.3 | 63.8 | 44.9 | 60.3 | 22.2 | 30.7 | |||||||||||||
Kansas City earnings tax | 0.5 | 0.3 | 0.5 | 0.5 | 0.5 | 0.5 | |||||||||||||
Total taxes on income | 26.8 | 64.1 | 45.4 | 60.8 | 22.7 | 31.2 | |||||||||||||
Interest on value of leased property | 5.2 | 3.6 | 3.9 | 4.1 | 6.2 | 6.2 | |||||||||||||
Interest on long-term debt | 148.6 | 126.2 | 74.1 | 62.6 | 64.3 | 66.1 | |||||||||||||
Interest on short-term debt | 8.6 | 18.2 | 26.4 | 9.2 | 4.5 | 4.3 | |||||||||||||
Other interest expense and amortization (a) | 4.4 | (1.4 | ) | 5.8 | 3.9 | 4.3 | 13.6 | ||||||||||||
Total fixed charges | 166.8 | 146.6 | 110.2 | 79.8 | 79.3 | 90.2 | |||||||||||||
Earnings before taxes on | |||||||||||||||||||
income and fixed charges | $ | 331.0 | $ | 331.7 | $ | 278.5 | $ | 279.2 | $ | 245.3 | $ | 250.1 | |||||||
Ratio of earnings to fixed charges | 1.98 | 2.26 | 2.53 | 3.50 | 3.09 | 2.77 | |||||||||||||
(a) | On January 1, 2007, Great Plains Energy 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 Q3 Quarterly report
Filed: 29 Oct 09, 12:00am