Great Plains Energy Incorporated Declares Dividends

  Great Plains Energy Incorporated Declares Dividends

Business Wire

KANSAS CITY, Mo. -- February 12, 2013

Great Plains Energy (NYSE: GXP) today announced that its Board of Directors
approved a quarterly dividend of $0.2175 per share on its common stock. Great
Plains Energy’s annual dividend level is $0.87 per share. The common dividend
will be payable March 20, 2013 to shareholders of record as of February 27,
2013. The shares will begin to trade ex-dividend on February 25, 2013. The
Board of Directors also declared regular dividends on the Company’s 3.80%,
4.20%, 4.35% and 4.50% series of preferred stock, payable June 1, 2013 to
shareholders of record as of May 10, 2013. The shares will begin to trade
ex-dividend on May 8, 2013.

About The Companies:

Headquartered in Kansas City, Mo., Great Plains Energy Incorporated is the
holding company of Kansas City Power & Light Company (KCP&L) and KCP&L Greater
Missouri Operations Company, two of the leading regulated providers of
electricity in the Midwest. KCP&L and KCP&L Greater Missouri Operations
Company use KCP&L as a brand name. More information about the companies is
available on the Internet at: www.greatplainsenergy.com or www.kcpl.com.

Forward-Looking Statements:

Statements made in this release that are not based on historical facts are
forward-looking, may involve risks and uncertainties, and are intended to be
as of the date when made. Forward-looking statements include, but are not
limited to, the outcome of regulatory proceedings, cost estimates of capital
projects and other matters affecting future operations. In connection with the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995, Great Plains Energy and KCP&L are providing a number of important
factors that could cause actual results to differ materially from the provided
forward-looking information. These important factors include: future economic
conditions in regional, national and international markets and their effects
on sales, prices and costs, including but not limited to possible further
deterioration in economic conditions and the timing and extent of economic
recovery; prices and availability of electricity in regional and national
wholesale markets; market perception of the energy industry, Great Plains
Energy and KCP&L changes in business strategy, operations or development
plans; effects of current or proposed state and federal legislative and
regulatory actions or developments, including, but not limited to,
deregulation, re-regulation and restructuring of the electric utility
industry; decisions of regulators regarding rates the Companies can charge for
electricity; adverse changes in applicable laws, regulations, rules,
principles or practices governing tax, accounting and environmental matters
including, but not limited to, air and water quality; financial market
conditions and performance including, but not limited to, changes in interest
rates and credit spreads and in availability and cost of capital and the
effects on nuclear decommissioning trust and pension plan assets and costs;
impairments of long-lived assets or goodwill; credit ratings; inflation rates;
effectiveness of risk management policies and procedures and the ability of
counterparties to satisfy their contractual commitments; impact of terrorist
acts, including but not limited to cyber terrorism; ability to carry out
marketing and sales plans; weather conditions including, but not limited to,
weather-related damage and their effects on sales, prices and costs; cost,
availability, quality and deliverability of fuel; the inherent uncertainties
in estimating the effects of weather, economic conditions and other factors on
customer consumption and financial results; ability to achieve generation
goals and the occurrence and duration of planned and unplanned generation
outages; delays in the anticipated in-service dates and cost increases of
generation, transmission, distribution or other projects; the inherent risks
associated with the ownership and operation of a nuclear facility including,
but not limited to, environmental, health, safety, regulatory and financial
risks; workforce risks, including, but not limited to, increased costs of
retirement, health care and other benefits; and other risks and uncertainties.

This list of factors is not all-inclusive because it is not possible to
predict all factors. Other risk factors are detailed from time to time in
Great Plains Energy’s and KCP&L’s quarterly reports on Form 10-Q and annual
report on Form 10-K filed with the Securities and Exchange Commission. Each
forward-looking statement speaks only as of the date of the particular
statement. Great Plains Energy and KCP&L undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.

Contact:

Great Plains Energy
Investors:
Tony Carreño, Director Investor Relations
816-654-1763
anthony.carreno@kcpl.com
or
Media:
Katie McDonald, Director Corporate Communications
816-556-2365
katie.mcdonald@kcpl.com