Great Plains Energy, a Missouri corporation incorporated in 2001 and headquartered in Kansas City, Missouri, is the holding company for two vertically integrated electric utilties - Kansas City Power & Light and KCP&L Greater Missouri Operations Company. The utilities operate under the brand name KCP&L.
Electric Utility Operations
Our electric utilities serve just over 851,200 customers in 47 counties in Missouri and Kansas with a combined diverse generation platform of more than 6,400 MW of capacity.
Over 80% of our utilities’ revenues are comprised of retail sales to residential, commercial and industrial customers. Residential and commercial customers accounted for 85% of retail sales revenues in 2008 (reflecting GMO results following the July 2008 acquisition). Our utilities are significantly impacted by seasonality with approximately one-third of retail revenues recorded in the third quarter. Missouri and Kansas jurisdictional retail revenues averaged approximately 70% and 30%, respectively, of our aggregate utility retail revenues following the acquisition of GMO.
Both utilities are regulated by the Missouri Public Service Commission (MPSC). Kansas City Power & Light is regulated also by the Kansas Corporation Commission (KCC), with respect to retail rates, certain accounting matters, standards of service and, in certain cases, the issuance of securities, certification of facilities and service territories. The utilities are also subject to regulation by the Federal Energy Regulatory Commission (FERC), Southwest Power Pool, Inc. (SPP) and North American Electric Reliability Corporation (NERC). Kansas City Power & Light has a 47% ownership interest in the Wolf Creek Generating Station (Wolf Creek), which is subject to regulation by the Nuclear Regulatory Commission (NRC), with respect to licensing, operations and safety-related requirements.
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