Regulated electric utility KCP&L Greater Missouri Operations Co. (GMO) provides electricity to customers in western Missouri. Relatively stable cash flows come from regulated electric operations. Low-cost generation. Generally supportive regulatory framework, Ongoing, but declining, capital spending over the forecast period. Some variability in cash flow due to regulatory lag, but rate surcharges somewhat mitigate this. Improved financial measures remain in line with our assessment of the financial risk profile. Continuing commitment to credit quality and maintenance of a balanced capital structure. Our outlook on GMO reflects that on parent Great Plains Energy Inc. (GPE). The negative outlook on GPE and its subsidiaries reflects the potential for lower ratings if GPE's financial risk profile, which will deteriorate due to the financing
