Fully regulated integrated utility; Credit supportive regulatory mechanisms; and Improving regulatory environments. Weak cash flow measures; Large capital expenditures concurrent with the economic recession; and Subpar operational performance at the generation facilities. The ratings on KCP&L Greater Missouri Operations Co. (GMO) reflect the consolidated credit profile of Great Plains Energy Inc. Great Plains' regulated subsidiaries include both Kansas City Power and Light Co. (KCP&L) and GMO. The ratings also reflect the company's excellent business profile and aggressive financial profile. As of Dec. 31, 2008, the Kansas City-based Great Plains Energy had about $3.2 billion of total debt outstanding. Great Plains, through its regulated subsidiaries distributes electricity to approximately 820,000 customers in Kansas and Missouri. The company also generates approximately 6,100
