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 Great Plains' and GMO's excellent business risk profile and Great Plains' aggressive financial risk profile. As of June 30, 2009, the Kansas City-based Great Plains Energy had about $3.5 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 MW of electricity, of which about 53% is coal and 9% is nuclear. The excellent business risk profile reflects management's fundamental regulated electric utility strategy. The
