Exhibit 12 KANSAS CITY POWER & LIGHT COMPANY COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Year Ended December 31 1994 1993 1992 1991 1990 (Thousands) Income from continuing operations $104,775 $105,772 $ 86,334 $103,893 $102,732 Add: Taxes on income 66,377 67,953 52,196 60,278 57,062 Kansas City earnings tax 524 495 382 242 376 Total taxes on income 66,901 68,448 52,578 60,520 57,438 Interest on value of leased property 6,732 7,273 6,366 5,075 4,357 Interest on long-term debt 43,962 50,118 54,266 63,057 68,853 Interest on short-term notes 1,170 750 2,749 3,299 6,199 Other interest expense and amortization 4,128 4,113 2,173 2,665 2,492 Total fixed charges 55,992 62,254 65,554 74,096 81,901 Earnings before taxes on income and fixed charges $227,668 $236,474 $204,466 $238,509 $242,071 Ratio of earnings to fixed charges 4.07 3.80 3.12 3.22 2.96