Recent Events Reported first quarter 2015 earnings per share of 0.12 compared with 0.15 Earnings in 2014 Review Affirmed 2015 earnings per share guidance range of 1.35 - 1.60 La Cygne environmental upgrade project placed into…
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…
Rate Case Schedule 2015 2Q 3Q 4Q April 2 Staff / Intervenor Testimony Due September 30 KCP&L Missouri May 31 Anticipated Effective General Rate Case True-up date Date of New Retail Docket: ER-2014-0370 Rates June 15 19 and…
Solid Vertically Integrated Midwest Utilities Service Territories: KCP&L and GMO Business Highlights Solid Midwest fully regulated electric utility operating under the KCP&L brand Company attributes Regulated operations in Kansas…
Strengthening Great Plains Energy for the Long Term Regulatory: Seek constructive regulatory outcomes in general rate cases Operations: Financial: La Cygne environmental Focused on On plan to deliver on 2014 upgrade placed into…
Investment Thesis Solid track record of execution and constructive regulatory treatment Focused on providing competitive total shareholder returns through earnings growth and a competitive dividend Flexible investment…
Track Record of Performance: Environmental Sustainability Investments Providing customers with Reduced Air Emissions affordable, reliable energy while 70 also improving regional air quality 60 Since 2005: Invested more than 1.5…
Track Record of Performance: Regulatory Track Record KCP&L KCP&L Recovery Mechanism Kansas Missouri GMO Proven record of Requested in constructive regulatory Energy Cost Adjustment Rider (KS) / docket ER- Fuel Adjustment Clause…
Track Record of Performance: Operational Excellence In 2014, awarded the most reliable utility for the Targeting modest improvements in generation Plains Region for eight consecutive years fleet to improve unit availability and…
Track Record of Performance: Financial Profile Total shareholder return of 21% in 2014 Received credit rating upgrades by Standard and Poors and Moodys Investor Service in 2014 Increased common stock dividend for fourth…
Solid TSR Opportunities Ahead with Flexibility: Focused on Reducing Lag Successfully managed O&M Utility O&M Expenses growth below inflation rate from 2011 - 20141 7022 671 Reduced headcount over 658 647 10% since 2008 and will…
Long-Term Growth Targets Strategy To provide Safe and Reliable Service to Our Customers at a Reasonable Cost and Deliver Competitive Total Shareholder Returns Targeting Earnings Growth Targeting Dividend Growth Near term (2014 -…
Solid TSR Opportunities Ahead with Flexibility: Dividend Growth Increased common stock Annualized Dividend1 dividend at compound annual rate of nearly 4.2% since 2010 4.2% CAGR 4% 6% CAGR (2010 2014) 2014 2016 Targeted annual…
GXP Attractive Platform for Shareholders Target significant reduction in regulatory lag Focused on Seek to deliver earnings growth and increasing and sustainable dividends as a key component of total Shareholder Value shareholder…
Investor Relations Information NYSE: GXP www.greatplainsenergy.com Company Contacts: Lori Wright Vice President Investor Relations and Treasurer (816) 556-2506 lori.wrightkcpl.com Tony Carreo Director, Investor Relations…
Appendix Pages Operations Overview 19 30 2015 Earnings Guidance and Projected Drivers and Assumptions 31 33 2016 and 2017 Considerations and Projected Capital Expenditures Plan 34 35 First Quarter 2015 Update 36 40 June 2015…
Environmental1 La Cygne project % of Coal Fleet with Emission-Reducing Scrubbers Unit 1 (367 MW2) scrubber and baghouse placed into service in April 2015 Unit 2 (329 MW2), full Air Quality Control System (AQCS) placed into…
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…
Renewable Energy and Energy Efficiency Renewable portfolio of approximately 1,000 MW Kansas RPS Goals of wind, hydroelectric, landfill gas and solar power 25% of owned assets and commitments in place 20% representing 13% of total…
Transource Energy, LLC Transource is a joint venture between GXP (13.5%) and AEP (86.5%) structured to pursue competitive transmission projects1 ISO-NE Actively pursuing transmission NYISO projects in broad range of Non- PJM…
Transources Competitive Advantage Transource combines the scale and unique capabilities of GXP and AEP Thought Market Execution Strength Leadership Success Effective Focused Operational Long-term growth Solutions Results…
Competitive Process Timeline for Initial Focus Regions PJM: Competitive process underway. RFPs may be issued on a quarterly basis using sponsorship model, whereby PJM solicits proposals to identified transmission system needs One…
Transources Transmission Investments Iatan Nashua Sibley Nebraska (Transource share) Project1 345 kV City Project1 345 kV RTO SPP SPP Estimated Cost (M) 65 330 Line Miles 31 135 Expected In-Service Completed in 2015 2017 CWIP…
Local Economy Kansas City area now the largest auto manufacturing center in the United States, outside of Detroit Economic Development Cerner Corporations 4.5 billion business expansion underway and is expected to Activity create…
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…
Key Elements of 2006 - 2013 Rate Cases Rate Case Outcomes (millions) Effective Rate Rate-making Return on Rate Increase Rate Increase Rate Jurisdiction Date Filed Date Base Equity Ratio Equity Approved () Approved (%) KCP&L Missouri…
State Commissioners Missouri Public Service Commission (MPSC) Kansas Corporation Commission (KCC) Mr. Robert S. Kenney (D) Ms. Shari Feist Albrecht (I) Chair (since March 2013) Chair (since January 2014) Term began: July 2009 Term…
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 Assumptions Income Taxes Effective income tax rate of approximately 35% Federal/state combined statutory rate of approximately 38.9% impacted by: - AFUDC Equity (non-taxable) - Wind Production Tax Credits (PTC) -…
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…
2016 and 2017 Considerations 2016 2017 4 6% growth target from 2014 2016 off of Earnings Growth initial 2014 earnings per share guidance range Demand before impact of energy efficiency Demand before impact of energy efficiency…
Projected Utility Capital Expenditures Projected Utility Capital Expenditures (In Millions)1,2 2015E 2016E 2017E 2018E 2019E Generating facilities 245.2 222.5 204.8 205.1 203.2 Distribution and transmission facilities 260.1 229.6…
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 Consolidation Earnings and Earnings Per Share Three Month Ended March 31 (Unaudited) Earnings Earnings (millions) per Share 2015 2014 2015 2014 Electric Utility 20.9 26.1 0.14 0.17 Other (2.0) (2.3) (0.02)…
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…
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%…
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%…
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