Recent Events Second quarter 2014 earnings per share of 0.34 compared with 0.41 in 2013 Financial June 30, 2014 year to date earnings per share of 0.49 compared with 0.58 in Review 2013 Reaffirmed 2014 earnings per share guidance…
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…
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: Expanded Generation Capacity Since 2005: Increased baseload generation capacity by 56% Added Iatan 2 to our fleet, a state-of-the-art coal fired power plant, providing flexibility to evaluate…
Track Record of Performance: Improved Environmental Footprint Reduced Air Emissions 70 Since 2005, invested 60 approximately 1 billion on state-of-the-art emission 50 (tons in thousands) controls 40 Additional 700 million…
Track Record of Performance: Regulatory Track Record KCP&L KCP&L Recovery Mechanism GMO Kansas Missouri Energy Cost Adjustment Rider Will request Since 2005: (KS) / Fuel Adjustment Clause in 2015 rate Rider (MO) case Increased…
Track Record of Performance: Operational Excellence In 2013, awarded the most reliable utility for the Targeting modest improvements in generation Plains Region for seven consecutive years fleet to improve unit availability and…
Track Record of Performance: Improved Financial Profile Earnings per share Earnings Per Share increased 20% from 2012 1.75 to 2013 1.62 1.35 1.60 1.25 Focusing on diligently managing costs Reducing regulatory lag through cost…
Solid TSR Opportunities Ahead with Flexibility: Focused on Reducing Lag Utility O&M Expenses 700 Pursuit of legislative initiatives and regulatory 671 1 mechanisms to reduce 658 regulatory lag 647 650 (in Millions)…
Solid TSR Opportunities Ahead with Flexibility: 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…
Solid TSR Opportunities Ahead with Flexibility: Dividend Growth Increased common stock Annualized Dividend1 dividend from 0.87 per share to 0.92 per share on annual basis in November 2013 0.92 Dividend increased three consecutive…
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 17 28 2014 Earnings Guidance and Projected Drivers 29 31 2015 and 2016 Considerations and Projected Capital Expenditures Plan 32 33 Second Quarter and Year-to-Date June 30, 2014 Update 34 40…
Environmental1 Estimated cost to comply with final regulations2 % of Coal Fleet with Emission- with clear timelines for compliance Reducing Scrubbers Estimated Cost: approximately 700 million Projects include: La Cygne on schedule…
La Cygne Environmental Upgrade, Construction Update La Cygne Generation Station La Cygne Coal Unit 1 368 MW1 - Wet scrubber, baghouse, activated carbon injection La Cygne Coal Unit 2 341 MW1 - Selective catalytic reduction system, wet…
Renewable Energy and Energy Efficiency Company-owned assets and commitments in Kansas Renewable Portfolio Standards place that will increase renewable portfolio to 25% approximately 1,150 MW of wind, 20% hydroelectric, landfill gas…
Transource Overview Great Plains Energy and American Electric Power (AEP) formed a joint venture, Transource Energy, LLC (Transource), to pursue competitive transmission projects GXP owns 13.5% through a subsidiary (GPE…
Transources Iatan Nashua Project Approximately 30-mile 345 kV transmission line and related facilities between the Iatan and Nashua substations in Missouri Estimated project cost: 65 million Expected In-service: 2015…
Transources Sibley Nebraska City Project Approximately 135-mile (Transources share of the 180-mile project) 345 kV transmission line and related facilities between Nebraska and Missouri Transources estimated project cost: 330…
Transource FERC 205 Filing - Case Number ER12-2554-000 FERC Order approved a base ROE of 9.8% with a 55% cap on the equity component of the post-construction capital structure. Inclusive of the incentives granted below, the weighted…
Local Economy Robust investments in the region by top-tier automobile manufacturers leading to additions and expansion in manufacturing sector Economic Development Well-developed transportation and distributed network strengthened…
Preliminary Rate Case Schedule 2014 2015 3Q 4Q 1Q 2Q 3Q 4Q La Cygne Environmental Tie-in Tie-in Start-up Retrofit Project Outage Outage In-Service Testing Key Steps to Unit 2 Unit 1 Completion KCP&L Missouri Anticipated…
Kansas Abbreviated Rate Case Summary Annual Effective Increase Percent Rate Base Date of New Jurisdiction Docket Date Filed (in millions) Increase (in millions) Rates KCP&L KS 14-KCPE-272-RTS Dec. 9, 2013 11.5(1) 2.2%(1) 1,916 July…
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…
2014 Earnings Guidance 2014 Earnings Per Share Guidance Range of 1.60 - 1.751 Drivers and assumptions: Assumes 0.5% 1% weather-normalized retail sales growth Approximately one month of new Missouri retail rates New Kansas retail…
2014 Guidance Assumptions Income Taxes Effective income tax rate of approximately 33% Federal/state combined statutory rate of approximately 38.9% impacted by: AFUDC Equity (non-taxable) Wind Production Tax Credits (PTC)…
2014 Guidance Assumption Deferred Income Tax Year-end 2013 deferred income taxes include: 229.3 million tax credit carry forwards primarily related to Advanced Coal ITCs, wind PTCs, and Alternative Minimum Tax (AMT) credits (88.1…
2015 and 2016 Considerations 2015 2016 Assumes 0.5% - 1% weather-normalized sales Assumes 0.5% - 1% weather-normalized sales Monitor Demand and Proactive management of base O&M in-line with Proactive management of base O&M in-line…
Projected Utility Capital Expenditures1,2 Projected Utility Capital Expenditures (In Millions) 2014E 2015E 2016E 2017E 2018E Generating facilities 232.7 220.7 211.2 201.8 224.4 Distribution and transmission facilities 202.0 201.6…
Second Quarter 2014 Financial Review Reaffirming 2014 earnings per share guidance range of Earnings Guidance 1.60 - 1.75 Assumes normal weather for the second half of the year Assumes full year weather-normalized demand growth of…
2014 Second Quarter EPS Reconciliation Versus 2013 2014 EPS 2013 EPS Change in EPS 1Q 0.15 0.17 (0.02) 2Q 0.34 0.41 (0.07) YTD1 0.49 0.58 (0.09) Contributors to Change in 2014 EPS Compared to 2013 New Wolf Retail WN Creek…
Great Plains Energy Consolidation Earnings and Earnings Per Share Three Month Ended June 30 (Unaudited) Earnings Earnings (millions) per Share 2014 2013 2014 2013 Electric Utility 54.7 65.5 0.36 0.43 Other (2.6) (1.9) (0.02)…
Great Plains Energy Consolidation Earnings and Earnings Per Share Year to Date June 30 (Unaudited) Earnings Earnings (millions) per Share 2014 2013 2014 2013 Electric Utility 80.8 93.1 0.52 0.61 Other (4.9) (3.5) (0.03)…
Great Plains Energy Reconciliation of Gross Margin to Operating Revenues (Unaudited) Three Months Ended June 30 Year to Date June 30 (millions) (millions) 2014 2013 2014 2013 Operating revenues 648.4 600.3 1,233.5 1,142.5 Fuel…
June 30, 2014 Debt Profile and Current Credit Ratings Great Plains Energy Debt ( in Millions) KCP&L GMO1 GPE Consolidated Amount Rate2 Amount Rate2 Amount Rate2 Amount Rate2 Short-term debt 398.3 0.50% 149.2 0.55% 0.0 547.5 0.51%…
Customer Consumption Retail MWh Sales Growth Rates 2Q 2014 Compared to 2Q 2013 YTD 2014 Compared to YTD 20131 Weather Weather Total Normalized Normalized Change in Change in % of Retail Total Change Change in % of Retail MWh…
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