Exhibit 12 KANSAS CITY POWER & LIGHT COMPANY COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES 1995 1994 1993 1992 1991 (Thousands) Net income $122,586 $104,775 $105,772 $86,334 $103,893 Add: Taxes on income 66,803 66,377 67,953 52,196 60,278 Kansas City earnings tax 958 524 495 382 242 Total taxes on income 67,761 66,901 68,448 52,578 60,520 Interest on value of leased property 8,269 6,732 7,273 6,366 5,075 Interest on long-term debt 52,184 43,962 50,118 54,266 63,057 Interest on short-term debt 1,189 1,170 750 2,749 3,299 Other interest expense and amortization 3,112 4,128 4,113 2,173 2,665 Total fixed charges 64,754 55,992 62,254 65,554 74,096 Earnings before taxes on income and fixed charges $255,101 $227,668 $236,474 $204,466 $238,509 Ratio of earnings to fixed charges 3.94 4.07 3.80 3.12 3.22