Great Plains Energy Sees Third-Quarter Profits Drop 14%, to Reduce Capex in 2016

SUGAR LAND--November 9, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Great Plains Energy (NYSE:GXP) (Kansas City, Missouri), the holding company for Kansas City Power & Light Company (KCP&L), reported its earnings dropped 14% to $126.4 million in third-quarter 2015, from $147 million in the year-earlier quarter, due to an increase in operating and maintenance expenses and other factors. Company executives also say they expect capital expenditures to drop in 2016. Industrial Info is tracking 10 active Great Plains power projects worth $443 million.

Within this article: Details on Great Plains Energy's quarter and projects, including a major transmission line project in Missouri.