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April 18, 2015 5:33 PM ET

Electric Utilities

Company Overview of Kansas City Power & Light Company

Company Overview

Kansas City Power & Light Company, a regulated utility, is engaged in the generation, transmission, distribution, and sale of electricity in western Missouri and eastern Kansas. It generates electricity from coal, nuclear, natural gas and oil, and wind sources. The company has approximately 3,700 circuit miles of transmission lines, 15,600 circuit miles of overhead distribution lines, and 6,800 circuit miles of underground distribution lines. It serves 514,700 customers, including approximately 453,900 residences, 58,700 commercial firms, and 2,100 industrials, municipalities, and other electric utilities. The company was incorporated in 1922 and is headquartered in Kansas City, Missouri. Ka...

1200 Main Street

Kansas City, MO 64105

United States

Founded in 1922

Phone:

816-556-2200

Key Executives for Kansas City Power & Light Company

Chairman, Chief Executive Officer, President, Chairman of Great Plains Energy Incorporated, Chief Executive Officer of Great Plain Energy and President of Great Plain Energy
Age: 53
Chief Financial Officer, Senior Vice President of Finance, Chief Financial Officer of Great Plains Energy and Senior Vice President of Finance - Great Plains Energy
Age: 51
Chief Operating Officer, Executive Vice President, Chief Operating Officer of KCP&L Greater Missouri Operations and Executive Vice President of KCP&L Greater Missouri Operations
Age: 52
Vice President of Investor Relations, Treasurer, Vice President of Investor Relations - Great Plains Energy, and Treasurer of Great Plains Energy
Age: 51
Chief Compliance Officer, Vice President, Corporate Secretary, Chief Compliance Officer of Great Plains Energy and Vice President of Great Plains Energy
Age: 52
Compensation as of Fiscal Year 2014.

Kansas City Power & Light Company Key Developments

PSC Opens Case to Investigate Solar Rebate Payment Compliance

The Missouri Public Service Commission has opened a case based upon a motion filed by the Public Service Commission Staff to investigate the compliance of Kansas City Power & Light Company, KCP&L- Greater Missouri Operations Company and Ameren Missouri with Commission rules regarding solar rebate payment to retail account holders. In the PSC Staff motion, Staff indicated it has been responding to informal complaints and other correspondence from retail account holders and solar generation installers regarding the Commission's 30-day requirement for solar rebate payment. In its motion, the PSC Staff said it plans to request information not only from the electric company, but also from retail account holders that have installed solar generation systems interconnected with the electric systems of Kansas City Power & Light Company, KCP&L-Greater Missouri Operations Company and Ameren Missouri, as well as the related solar generation installers.

Kansas City Power & Light Company Announces Significant Investment in Environmental Sustainability

Kansas City Power & Light Company announced a significant investment in environmental sustainability through new and enhanced energy-efficiency programs and wind energy projects. The utility has requested to expand its energy-efficiency programs to all of its Missouri customers under the Missouri Energy Efficiency Investment Act. The company plans to purchase 400 MW of power from two new wind facilities in the Kansas City region, which will increase the company's total wind energy portfolio to 939 MW. The wind projects will provide enough energy to power up to approximately 124,000 homes. With these additions, the company will have the large amounts of renewable generation and energy-efficiency investment of any investor-owned utility in the states of Missouri and Kansas. These wind projects give the company the opportunity to take full advantage of a federal wind tax credit that expired at the end of 2013. Also, these facilities will be economically beneficial to company's customers over the lifetime of the 20-year agreements. While wind turbines cannot yet replace base-load generation like company's larger power plants, these wind farms will be a cheaper option to supplement base-load generation than purchasing power from other locations. Using these wind turbines in place of other forms of electricity generation not only reduces fuel and other costs, but is also a more environmentally-friendly option for the region. In addition to adding more renewable energy for all customers, the company filed with the Missouri Public Service Commission to expand its energy-efficiency programs to all of its Missouri customers. With the approval of this expansion, it will have the large energy efficiency portfolio, on a per customer basis, of any investor-owned utility in Missouri and Kansas. As a result, customers will have greater control over their energy use and costs with more than a dozen energy-efficiency programs. If approved, this expansion will include several popular residential and commercial energy-efficiency programs currently available to some of company's Missouri customers that are designed to improve lighting, provide rebates for recycling older, inefficient appliances and for replacing inefficient heating and cooling systems, among other programs.

Kansas City Power & Light Company Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Kansas City Power & Light Company reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net income of $143.1 million or $0.93 per share against $146.4 million of $0.95 per share for the same period a year ago. Earnings available for common shareholders was $142.7 million or $0.93 per share against $145.8 million or $0.95 per share for the same period a year ago. For the nine months, the company reported net income of $232.7 million or $1.51 per share against $195.2 million of $1.35 per share for the same period a year ago. Earnings available for common shareholders was $231.5 million or $1.51 per share against $194.0 million or $1.34 per share for the same period a year ago.

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