Regulated and vertically integrated electric distribution utility. Relatively stable cash flows come from regulated electric operations. Fuel supply mix tilted toward coal generation, followed by natural gas. The regulatory framework in Kansas and Missouri is generally supportive. Capital spending in the range of $420 million to $450 million annually. Positive discretionary cash flow indicating reduced reliance on external funding. We expect financial measures to strengthen marginally within the significant financial risk profile assessment. The company is committed to credit quality and maintaining a balanced capital structure. The outlook on Kansas City Power&Light Co. (KCP&L) reflects the outlook on parent Great Plains Energy Inc. (GPE). The positive outlook on GPE and its subsidiaries reflects S&P Global Ratings' base-case scenario
