First Quarter 2015 Earnings Presentation May 8, 2015
Opening Remarks and Business Review Terry Bassham Chairman and CEO First Quarter 2015 Earnings Presentation 3
First Quarter Highlights and Update Financial First quarter 2015 earnings per share of 0.12 compared to 0.15 in prior year Affirmed 2015 earnings per share guidance range of 1.35 to 1.60 Operations Transmission Focused on La…
Financial Overview James C. Shay SVP Finance and CFO First Quarter 2015 Earnings Presentation 5
2015 First Quarter EPS Reconciliation Versus 2014 2015 EPS 2014 EPS Change in EPS 1Q 0.12 0.15 (0.03) Contributors to Change in 2015 EPS Compared to 2014 Depreciation Other & Other O&M Weather Amortization Margin Total 1Q…
Great Plains Energy First Quarter 2015 Earnings Presentation May 8, 2015 First Quarter 2015 Earnings Presentation 7
Appendix First Quarter 2015 Earnings Presentation 8
Great Plains Energy Reconciliation of Gross Margin to Operating Revenues (Unaudited) Three Months Ended March 31 (millions) 2015 2014 Operating revenues 549.1 585.1 Fuel (107.6) (135.2) Purchased power (45.4) (45.4) Transmission…
Customer Consumption Retail MWh Sales Growth Rates, net of Energy Efficiency 1Q 2015 Compared to 1Q 2014 Weather Total Change in Normalized Change % of Retail MWh MWh Sales in MWh Sales Sales Residential (10.3%) 0.1% 40%…
KCP&Ls Rate Cases - A Key Driver of 2015 to 2016 Earnings Growth Combined MO and KS Rate Increase Request of 188.2 Million: Other 8.6 M Property Taxes (MO only) 10.4 M Transmission Costs La Cygne (MO only) 16.6 M Rate Base…
KCP&L Missouri Rate Case Summary Anticipated Rate Effective Requested Requested Cost Making Date Case Date Increase Increase Rate Base of Equity Rate of of New Number Filed (in Millions) (Percent) (in Millions) ROE Debt Ratio Return…
KCP&L Kansas Rate Case Summary Rate Requested Requested Cost Making Anticipated Case Date Increase Increase Rate Base of Equity Rate of Effective Date Number Filed (in Millions) (Percent) (in Millions) ROE Debt Ratio Return of New…
Rate Case Schedule 2015 1Q 2Q 3Q 4Q La Cygne Environmental Tie-in Outage Retrofit Project Key In-Service Unit 1 Steps to Completion April 2 Staff / Intervenor Testimony Due September 30 KCP&L Missouri May 31 Anticipated…
La Cygne Environmental Upgrade, Construction Update La Cygne Generation Station La Cygne Coal Unit 1 367 MW1 - Wet scrubber, baghouse, activated carbon injection La Cygne Coal Unit 2 329 MW1 - Selective catalytic reduction system, wet…
2015 Earnings Guidance Drivers and Assumptions Assumes flat to 0.5% weather-normalized retail sales growth, net of energy efficiency Demand before impact of energy efficiency programs of 0.5% 1.0% New retail rates Approximately an…
2015 Guidance Assumption Deferred Income Tax Year-end 2014 deferred income taxes include: 242.7 million tax credit carry forwards primarily related to Advanced Coal ITCs, wind PTCs, and Alternative Minimum Tax (AMT) credits (88.1…
March 31, 2015 Debt Profile and Credit Ratings Great Plains Energy Debt ( in Millions) KCP&L GMO1 GPE Consolidated Amount Rate2 Amount Rate2 Amount Rate2 Amount Rate2 Short-term debt 534.0 0.60% 173.0 0.64% 10.0 1.69% 717.0 0.62%…
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