The ratings on Aquila Inc. reflect parent Great Plains Energy Inc.'s consolidated credit profile. In addition, Great Plains owns regulated Kansas City Power and Light Co. (KCP&L), which operates in both Kansas and Missouri. The ratings also reflect Aquila's excellent business profile and Great Plains' aggressive financial profile. (The business profile is ranked as excellent, strong, satisfactory, weak, or vulnerable, and the financial profile is ranked as modest, intermediate, aggressive, or highly leveraged.). Kansas City-based Great Plains Energy has about $2.8 billion of debt outstanding. Aquila is an integrated regulated company that has about 2,100 MW of generating capacity of which approximately 44% is comprised of coal. The company also purchases, transmits, distributes, and sells electricity to its approximately 300,000
