Profile: Great Plains Energy Inc (GXP)
17 Dec 2013
Great Plains Energy Incorporated (Great Plains Energy), incorporated on February 26, 2001, is a public utility holding company. The Company does not own or operate any assets other than the stock of its subsidiaries. Great Plains Energy’s wholly owned direct subsidiaries with operations or active subsidiaries includes Kansas City Power & Light Company (KCP&L), and KCP&L Greater Missouri Operations Company (GMO). The Company is engaged in the business segment of electric utility. The electric utility segment consists of KCP&L, a regulated utility, and GMO’s regulated utility operations, which include its Missouri Public Service and St. Joseph Light & Power (L&P) divisions. Electric utility serves approximately 825,300 customers located in western Missouri and eastern Kansas.
KCP&L is an integrated, regulated electric utility that provides electricity to customers in the states of Missouri and Kansas. KCP&L has one active wholly owned subsidiary, Kansas City Power & Light Receivables Company (Receivables Company). GMO is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. GMO also provides regulated steam service to certain customers in the St. Joseph, Missouri area. GMO wholly owns MPS Merchant Services, Inc. (MPS Merchant), which has certain long-term natural gas contracts remaining from its former non-regulated trading operations.
Customers include approximately 726,100 residences, 96,600 commercial firms, and 2,600 industrials, municipalities and other electric utilities. During the year ended December 31, 2012, electric utility’s retail revenues averaged approximately 90% of its total operating revenues. Wholesale firm power, bulk power sales and miscellaneous electric revenues accounted for the remainder of electric utility’s revenues. During 2012, electric utility’s total electric revenues were 100% of Great Plains Energy’s revenues. During 2012, electric utility’s net income accounted for approximately 108%, of Great Plains Energy’s income from continuing operations, respectively.
Great Plains Energy Inc
1200 MAIN ST.
KANSAS CITY MO 64105