Great Plains Energy Announces Successful Completion of Leadership Transition

Thu Feb 14, 2013 8:30am EST

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Terry Bassham Appointed Board Chairman and Ann Murtlow Named Director 
KANSAS CITY, Mo.--(Business Wire)--
Great Plains Energy Incorporated (NYSE: GXP) and Kansas City Power & Light
Company (KCP&L) today announced that Michael J. Chesser has notified the Great
Plains Energy Board of Directors of his decision not to stand for reelection as
chairman of the board at the company`s annual shareholders meeting this May. In
February 2012, Chesser announced his retirement as chief executive officer of
Great Plains Energy but retained his position as board chairman in order to
ensure a smooth leadership transition. 

The board has selected Terry Bassham, Great Plains Energy`s president and chief
executive officer, to succeed Chesser as chairman of the board, effective
immediately following the company`s annual shareholders meeting on May 7, 2013.
Bassham has served as a member of the board and president since May 2011. He has
been the chief executive officer of Great Plains Energy and KCP&L since June
2012. 

"Terry is a strong chief executive who understands the electric utility
industry," said Chesser. "He and his leadership team are taking this company in
the right direction. It is the right time for me to step down as chairman." 

The board also reappointed Robert West as lead director. Combining the roles of
chairman and chief executive officer focuses the accountability and
responsibility for achieving the company`s objectives, while maintaining a lead
director provides the independent members of the board with effective board
leadership, as well as oversight and monitoring of the company and its
management. 

"The board is grateful to Mike for the decade of service he has given Great
Plains Energy. We thank him for his vision and leadership," commented lead
director, Robert West. "Terry is a key member of the company's leadership team
and the board is confident in his ability to lead Great Plains Energy in its
efforts to provide long-term reliability for shareholders and customers." 

In addition, the board appointed Ann D. Murtlow, former president and chief
executive officer of Indianapolis Power and Light (IPL), to serve as director on
the Great Plains Energy Board. Murtlow will stand for election at the annual
shareholders meeting in May. 

"We are very pleased to announce Ann`s appointment to the board," said Chesser.
"She brings exceptional knowledge and electric utility experience to the
position. Under Ann`s leadership, IPL saw improved reliability, customer
satisfaction and financial performance. We are proud to welcome Ann to the Great
Plains Energy and KCP&L family." 

Murtlow served as president and chief executive officer of IPL from 2002 until
2011. During Murtlow`s tenure, IPL was a vertically integrated electric utility,
owned by AES Corporation, with nearly 500,000 retail customers and more than
1,400 employees. In 2010, Electric Light and Power magazine named Murtlow the
large utility chief executive officer of the year. 

Prior to her position at IPL, Murtlow was an officer for the global power
company AES Corporation, where she led business development and operations in
Northern and Central European nations. Murtlow began her career with major power
company contractor, Bechtel Corporation, as a design engineer. 

"I am excited and honored to join the Board of Directors of Great Plains
Energy," remarked Murtlow. "I have a special affinity for the important role
electric utilities play in their communities and for the value proposition they
provide to investors. I look forward to working with Terry and the rest of the
board to provide long-term earnings growth for shareholders and affordable,
reliable energy for customers." 

Murtlow resides in Indianapolis, where she is the principal in her consulting
firm, AM Consulting. She graduated from Lehigh University with a bachelor`s
degree in chemical engineering. She has also been named a Board Leadership
Fellow by the National Association of Corporate Directors and served as a board
member of the Federal Reserve Bank of Chicago from 2007 to 2012. 

ABOUT GREAT PLAINS ENERGY

Headquartered in Kansas City, Mo., Great Plains Energy Incorporated (NYSE: GXP)
is the holding company of Kansas City Power & Light Company and KCP&L Greater
Missouri Operations Company, two of the leading regulated providers of
electricity in the Midwest. Kansas City Power & Light Company 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, 816-654-1763
Director, Investor Relations
anthony.carreno@kcpl.com
or
Media:
Katie McDonald, 816-556-2365
Director, Corporate Communications
katie.mcdonald@kcpl.com



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