Great Plains Energy Incorporated Declares Dividends

Tue Feb 12, 2013 9:18am EST

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KANSAS CITY, Mo.--(Business Wire)--
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.

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

Copyright Business Wire 2013

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