Exhibit 12 WESTERN RESOURCES, INC. Computations of Ratio of Earnings to Fixed Charges and Computations of Ratio of Earnings to Combined Fixed Charges and Preferred and Preference Dividend Requirements (Dollars in Thousands) Year Ended December 31, 1994 1993 1992 1991 1990 Net Income. . . . . . . . . . . . . . $187,447 $177,370 $127,884 $ 89,645 $ 79,619 Taxes on Income . . . . . . . . . . . 99,951 78,755 46,099 42,527 36,736 Net Income Plus Taxes. . . . . . 287,398 256,125 173,983 132,172 116,355 Fixed Charges: Interest on Long-Term Debt. . . . . 98,483 123,551 117,464 51,267 51,542 Interest on Other Indebtedness. . . 20,139 19,255 20,009 10,490 11,022 Interest on Corporate-owned Life Insurance Borrowings . . . . 26,932 16,252 5,294 - - Interest Applicable to Rentals . . . . . . . . . . . . . 29,003 28,827 27,429 5,089 4,426 Total Fixed Charges . . . . . . 174,557 187,885 170,196 66,846 66,990 Preferred and Preference Dividend Requirements: Preferred and Preference Dividends. 13,418 13,506 12,751 6,377 1,744 Income Tax Required . . . . . . . . 7,155 5,997 4,596 3,025 805 Total Preferred and Preference Dividend Requirements . . . . . . 20,573 19,503 17,347 9,402 2,549 Total Fixed Charges and Preferred and Preference Dividend Requirements. . 195,130 207,388 187,543 76,248 69,539 Earnings (1). . . . . . . . . . . . . $461,955 $444,010 $344,179 $199,018 $183,345 Ratio of Earnings to Fixed Charges. . 2.65 2.36 2.02 2.98 2.74 Ratio of Earnings to Combined Fixed Charges and Preferred and Preference Dividend Requirements . . . . . . . 2.37 2.14 1.84 2.61 2.64 (1) Earnings are deemed to consist of net income to which has been added income taxes (including net deferred investment tax credit) and fixed charges. Fixed charges consist of all interest on indebtedness, amortization of debt discount and expense, and the portion of rental expense which represents an interest factor. Preferred and preference dividend requirements consist of an amount equal to the pre-tax earnings which would be required to meet dividend requirements on preferred and preference stock.