Great Plains Energy Sees Earnings Drop from Heavy Outage Costs, but Expects to Benefit from New Rates

SUGAR LAND--August 11, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Great Plains Energy (NYSE:GXP) (GPE) (Kansas City, Missouri), the holding company for Kansas City Power & Light Company (KPC&L) and KPC&L Greater Missouri Operations Company, which are two of the top electricity providers in the U.S. Midwest, saw its earnings tumble in the second quarter of 2014. A string of operational and maintenance costs, especially for a months-long outage at the Wolf Creek Nuclear Generating Station, offset strong retail sales. Industrial Info is tracking more than $1.1 billion in projects involving GPE.

Within this article: Details on GPE's quarter and projects, including a planned transmission line in Missouri and Nebraska, and outages and maintenance at nuclear and coal-fired power plants in Kansas.