Regulated electric utility that provides electricity in the greater Kansas City metropolitan area Relatively stable cash flows from regulated electric operations Generally supportive regulatory framework in Kansas and Missouri Competitive electric rates Capital spending remains mostly steady Rate surcharges mitigate some regulatory lag Financial measures have improved somewhat, but are still in line with our assessment of the financial risk profile Continuing commitment to credit quality and maintenance of a balanced capital structure Our stable rating outlook on parent Great Plains Energy Inc. (GPE) and utility Kansas City Power&Light Co. (KCP&L) reflects our expectation that management will continue to focus on core utility operations and reach constructive regulatory outcomes to avoid any weakening of the company's business risk
