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, 1995 1994 1993 1992 1991 Net Income. . . . . . . . . . . . . . $181,676 $187,447 $177,370 $127,884 $ 89,645 Taxes on Income . . . . . . . . . . . 83,392 99,951 78,755 46,099 42,527 Net Income Plus Taxes. . . . . . 265,068 287,398 256,125 173,983 132,172 Fixed Charges: Interest on Long-Term Debt. . . . . 95,962 98,483 123,551 117,464 51,267 Interest on Other Indebtedness. . . 27,487 20,139 19,255 20,009 10,490 Interest on Other Mandatorily Redeemable Securities . . . . . . 372 - - - - Interest on Corporate-owned Life Insurance Borrowings . . . . 32,325 26,932 16,252 5,294 - Interest Applicable to Rentals . . . . . . . . . . . . . 31,650 29,003 28,827 27,429 5,089 Total Fixed Charges . . . . . . 187,796 174,557 187,885 170,196 66,846 Preferred and Preference Dividend Requirements: Preferred and Preference Dividends. 13,419 13,418 13,506 12,751 6,377 Income Tax Required . . . . . . . . 6,160 7,155 5,997 4,596 3,025 Total Preferred and Preference Dividend Requirements . . . . . . 19,579 20,573 19,503 17,347 9,402 Total Fixed Charges and Preferred and Preference Dividend Requirements. . 207,375 195,130 207,388 187,543 76,248 Earnings (1). . . . . . . . . . . . . $452,864 $461,955 $444,010 $344,179 $199,018 Ratio of Earnings to Fixed Charges. . 2.41 2.65 2.36 2.02 2.98 Ratio of Earnings to Combined Fixed Charges and Preferred and Preference Dividend Requirements . . . . . . . 2.18 2.37 2.14 1.84 2.61 (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.