Exhibit 12

Aquila, Inc.
Ratio of Earnings to Fixed Charges

		Year Ended December 31,
Dollars in millions
		2005			2004			2003			2002			2001
Income (loss) from continuing operations before income taxes		$	(201.1	)	$	(562.6	)	$	(503.5	)	$	(1,712.1	)	$	320.3
	Add (Subtract):
	Equity in earnings of investments		—			(2.1	)		(69.6	)		(166.9	)		(119.3	)
	Dividends and fees from investments		.5			1.5			48.6			87.9			55.5
	Minority interest in income (loss) of subsidiaries		—			—			—			(7.8	)		20.1
	Total interest expense		221.3			273.1			296.9			255.2			223.1
	Interest capitalized		—			—			—			(1.3	)		(1.9	)
	Portion of rents representative of an interest factor		11.8			13.6			20.5			22.3			16.5
Income (loss), as adjusted		$	32.5		$	(276.5	)	$	(207.1	)	$	(1,522.7	)	$	514.3
Fixed Charges:
	Interest on long-term debt	$	219.3		$	264.6		$	278.0		$	238.9		$	210.9
	Interest on short-term debt		2.1			8.5			18.9			16.3			12.2
	Portion of rents representative of an interest factor		11.8			13.6			20.5			22.3			16.5
Fixed Charges		$	233.2		$	286.7		$	317.4		$	277.5		$	239.6
Ratio of Earnings to Fixed Charges			.14			—(a	)		—(a	)		—(a	)		2.15

(a)

Ratio amount not shown due to a coverage deficiency in the amount of $563.2 million, $524.5 million and $1,800.2 million for the years ended December 31, 2004, 2003 and 2002, respectively.