Exhibit 12 KANSAS CITY POWER & LIGHT COMPANY COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS Year ended December 31 Twelve Months Ended ___________________________________________________________ September 30, 1996 1995 1994 1993 1992 1991 ___________________ ___________________________________________________________ (Thousands) Net income $111,753 $122,586 $104,775 $105,772 $86,334 $103,893 Add: Taxes on income 47,370 66,803 66,377 67,953 52,196 60,278 Kansas City earnings tax 739 958 524 495 382 242 ___________________ ___________________________________________________________ Total taxes on income 48,109 67,761 66,901 68,448 52,578 60,520 ___________________ ___________________________________________________________ Interest on value of leased property 8,007 8,269 6,732 7,273 6,366 5,075 Interest on long-term debt 53,372 52,184 43,962 50,118 54,266 63,057 Interest on short-term debt 1,272 1,189 1,170 750 2,749 3,299 Other interest expense and amortization 4,731 3,112 4,128 4,113 2,173 2,665 ___________________ ___________________________________________________________ Total fixed charges 67,382 64,754 55,992 62,254 65,554 74,096 ___________________ ___________________________________________________________ Earnings before taxes on income and fixed charges $ 227,244 $255,101 $227,668 $236,474 $204,466 $238,509 ___________________ ___________________________________________________________ ___________________ ___________________________________________________________ Ratio of earnings to fixed charges 3.37 3.94 4.07 3.80 3.12 3.22 ___________________ ___________________________________________________________ ___________________ ___________________________________________________________ Preferred dividends $ 3,812 $ 4,011 $ 3,457 $ 3,153 $ 3,062 $ 6,023 Income taxes required 1,641 2,217 2,207 2,045 1,865 3,508 ___________________ ___________________________________________________________ Earnings before income taxes required for preferred dividends 5,453 6,228 5,664 5,198 4,927 9,531 Fixed charges 67,382 64,754 55,992 62,254 65,554 74,096 ___________________ ___________________________________________________________ Total combined fixed charges and preferred dividend requirements $72,835 $70,982 $61,656 $67,452 $70,481 $83,627 ___________________ ___________________________________________________________ ___________________ ___________________________________________________________ Ratio of earnings to combined fixed charges and preferred dividend requirements 3.12 3.59 3.69 3.51 2.90 2.85 ___________________ ___________________________________________________________ ___________________ ___________________________________________________________