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

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.

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