KANSAS CITY POWER & LIGHT COMPANY Exhibit 12 COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Twelve Months Ended Year Ended December 31 September 30, 1994 1993 1992 1991 1990 1989 (Thousands) Income from continuing operations $ 104,087 $105,772 $ 86,334 $103,893 $102,732 $108,618 Add: Taxes on income 63,675 67,953 52,196 60,278 57,062 65,885 Kansas City earnings tax 687 495 382 242 376 390 Total taxes on income 64,362 68,448 52,578 60,520 57,438 66,275 Interest on value of leased property 7,273 7,273 6,366 5,075 4,357 3,787 Interest on long-term debt 43,247 50,118 54,266 63,057 68,853 78,570 Interest on short-term notes 1,102 750 2,749 3,299 6,199 6,531 Other interest expense and amortization 4,410 4,113 2,173 2,665 2,492 1,985 Total fixed charges 56,032 62,254 65,554 74,096 81,901 90,873 Earnings before taxes on income and fixed charges $ 224,481 $236,474 $204,466 $238,509 $242,071 $265,766 Ratio of earnings to fixed charges 4.01 3.80 3.12 3.22 2.96 2.92