Exhibit 12.2 | |||||||||||||||||||
KANSAS CITY POWER & LIGHT COMPANY | |||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||
Year to Date | |||||||||||||||||||
June 30 | |||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||
(millions) | |||||||||||||||||||
Income from continuing operations | $ | 46.0 | $ | 135.5 | $ | 163.2 | $ | 128.9 | $ | 125.2 | $ | 156.7 | |||||||
Add | |||||||||||||||||||
Income tax expense (benefit) | 19.7 | 69.1 | 81.6 | 46.9 | 59.8 | 59.3 | |||||||||||||
Kansas City earnings tax | - | - | 0.1 | 0.2 | 0.5 | 0.5 | |||||||||||||
Total taxes on income | 19.7 | 69.1 | 81.7 | 47.1 | 60.3 | 59.8 | |||||||||||||
Interest on value of leased property | 2.7 | 5.4 | 5.7 | 6.0 | 3.3 | 3.9 | |||||||||||||
Interest on long-term debt | 61.7 | 118.5 | 117.9 | 110.4 | 79.3 | 54.5 | |||||||||||||
Interest on short-term debt | 2.1 | 5.1 | 3.9 | 5.3 | 15.2 | 20.3 | |||||||||||||
Other interest expense and amortization (a) | 1.4 | 5.8 | 4.2 | 0.3 | 1.4 | 6.8 | |||||||||||||
Total fixed charges | 67.9 | 134.8 | 131.7 | 122.0 | 99.2 | 85.5 | |||||||||||||
Earnings before taxes on | |||||||||||||||||||
income and fixed charges | $ | 133.6 | $ | 339.4 | $ | 376.6 | $ | 298.0 | $ | 284.7 | $ | 302.0 | |||||||
Ratio of earnings to fixed charges | 1.97 | 2.52 | 2.86 | 2.44 | 2.87 | 3.53 | |||||||||||||
(a) | On January 1, 2007, Kansas City Power & Light Company 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-Q2012 Q2 Quarterly report
Filed: 8 Aug 12, 12:00am