UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM 8-K
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Current Report
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Pursuant to Section 13 or 15(d) of the
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Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): September 9, 2011
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Commission
File Number
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Exact Name of Registrant as Specified in its Charter, State of Incorporation,
Address of Principal Executive Offices and
Telephone Number
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I.R.S. Employer
Identification
No.
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001-32206
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GREAT PLAINS ENERGY INCORPORATED
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43-1916803
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(A Missouri Corporation)
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1200 Main Street
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Kansas City, Missouri 64105
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(816) 556-2200
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NOT APPLICABLE
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(Former name or former address,
if changed since last report)
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000-51873
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KANSAS CITY POWER & LIGHT COMPANY
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44-0308720
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(A Missouri Corporation)
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1200 Main Street
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Kansas City, Missouri 64105
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(816) 556-2200
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NOT APPLICABLE
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(Former name or former address,
if changed since last report)
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[ ]
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
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(17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01
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Entry into a Material Definitive Agreement
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Item 7.01
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Regulation FD Disclosure
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Item 9.01
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Financial Statements and Exhibits
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(d) Exhibits
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10.1
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Amendment dated as of September 9, 2011 to Receivables Sale Agreement dated as of July 1, 2005, among Kansas City Power & Light Receivables Company, Kansas City Power & Light Company, The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch and Victory Receivables Corporation.
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99.1
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Investor presentation slides (furnished and not deemed filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended).
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GREAT PLAINS ENERGY INCORPORATED
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/s/ Lori A. Wright
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Lori A. Wright
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Vice President and Controller
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KANSAS CITY POWER & LIGHT COMPANY
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/s/ Lori A. Wright
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Lori A. Wright
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Vice President and Controller
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Exhibit Index
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Exhibit No.
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Title
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10.1
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Amendment dated as of September 9, 2011 to Receivables Sale Agreement dated as of July 1, 2005, among Kansas City Power & Light Receivables Company, Kansas City Power & Light Company, The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch and Victory Receivables Corporation.
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99.1
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Investor presentation slides (furnished and not deemed filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended).
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The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch,
as the Agent
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By: /s/ Aditya Reddy
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Title: Managing Director
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Victory Receivables Corporation
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By: /s/ David V. DeAngelis
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Title: Vice President
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Kansas City Power & Light Receivables Company
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By: /s/ James P. Gilligan
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Title: President
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Kansas City Power & light Company
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By: /s/ Kevin E. Bryant
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Title: Vice President - Investor Relations and Treasurer
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Leading Industries
(Employees in 000’s)
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State & Local Government
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124.8
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Full and Limited-Service Restaurants
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63.3
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General Medical & Surgical Hospitals / Offices of
Physicians |
46.7
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Federal Government
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29.1
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Employment Services
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20.6
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Depository Credit Intermediation
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16.3
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Grocery Stores
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16.2
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Department Stores
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15.5
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Computer Systems Design and Related Srvcs
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15.2
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Management of Companies and Enterprises
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15.2
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Top 10 Employers
(# of Employees)
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HCA Midwest Health System
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8,127
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Wal-Mart Stores, Inc.
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7,400
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Sprint Corporation
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7,300
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St. Luke’s Health System
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6,622
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McDonald’s USA LLC
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5,700
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Cerner Corporation
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4,980
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Children’s Mercy Hospital & Clinics
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4,812
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DST Systems, Inc.
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4,425
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Truman Medical Center
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4,081
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University of Kansas Hospital
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3,880
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Coal Unit
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MW
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SCR
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Scrubber
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Baghouse
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Other
Particulate
Control
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Mercury
Controls |
Cooling
Tower |
LaCygne 1
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368
(a)
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LaCygne 2
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341
(a)
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Earnings
(in Millions)
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Earnings per Share
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2011
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2010
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2011
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2010
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Electric Utility
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$
56.0
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$
96.6
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$
0.40
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$
0.71
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Other
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(10.3)
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(11.9)
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(0.07)
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(0.09)
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Net income
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45.7
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84.7
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0.33
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0.62
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Less: Net (income) loss attributable to
noncontrolling interest |
0.1
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(0.1)
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-
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-
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Net income attributable to Great Plains Energy
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45.8
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84.6
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0.33
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0.62
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Preferred dividends
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(0.8)
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(0.8)
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(0.01)
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(0.01)
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Earnings available for common shareholders
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$
45.0
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$
83.8
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$
0.32
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$
0.61
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Special
Factors |
Weather &
WN Demand |
Lag
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Other
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Total
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1Q 2011
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$0.07
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$0.03
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$0.04
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$0.14
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2Q 2011
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$0.06
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$0.04
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$0.02
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$0.04
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$0.16
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Year To
Date |
$0.13
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$0.07
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$0.06
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$0.03
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$0.29
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2010 EPS
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2011 EPS
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Decrease
in EPS |
1Q
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$0.15
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$0.01
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$0.14
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2Q
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$0.47
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$0.31
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$0.16
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Year To
Date |
$0.61
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$0.32
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$0.29
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1Q
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2Q
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2
nd
Half 2011
Estimate
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Total
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Disallowances and other
accounting effects from Missouri rate case orders |
[$0.03]
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[$0.03]
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Organizational realignment
and voluntary separation program |
[$0.04]
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[$0.01]
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[$0.05]
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Wolf Creek extended outage
and replacement power |
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[$0.05]
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[$0.05]
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Coal conservation due to
flooding |
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[$0.10]
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[$0.10]
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Total
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[$0.07]
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[$0.06]
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[$0.10]
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[$0.23]
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Great Plains Energy Debt
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($ in millions)
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KCP&L
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GMO
(1)
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GPE
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Consolidated
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Amount
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Rate
(2)
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Amount
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Rate
(2)
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Amount
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Rate
(2)
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Amount
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Rate
(2)
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Short-term debt
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$ 571.7
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0.51%
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$ 65.0
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2.94%
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$ 27.0
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2.94%
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$ 663.7
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0.85%
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Long-term debt
(3)
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1,667.4
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6.22%
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658.0
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10.96%
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986.7
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6.61%
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3,312.1
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7.24%
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Total
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$2,239.1
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4.76%
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$723.0
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10.21%
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$1,013.7
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6.51%
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$3,975.8
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6.17%
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(millions)
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Three Months Ended June 30
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Year to Date June 30
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2011
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2010
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2011
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2010
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Operating revenues
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$
565.1
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$
552.0
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$
1,058.0
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$
1,058.9
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Fuel
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(114.4)
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(104.1)
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(219.3)
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(205.9)
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Purchase power
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(55.4)
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(37.9)
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(110.3)
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(103.4)
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Transmission of electricity by others
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(7.0)
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(7.2)
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(14.5)
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(12.8)
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Gross margin
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$
388.3
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$
402.8
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$
713.9
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$
736.8
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