Great Plains Energy Explained

Great Plains Energy Incorporated
Foundation:1882
Fate:Merged with Westar Energy
Founder:Edwin Ruthven Weeks, Joseph S. Chick, L.R. Moore, William Holmes
Location Country:United States
Key People:Terry Bassham (President and CEO/Chairman)
Industry:Electric utility
Revenue: US$2.568 billion (2014)[1]
Operating Income: US$534.5 Million (2014)
Net Income: US$242.8 Million (2014)
Num Employees:2,935 (2014)
Subsid:Kansas City Power & Light,(KLT Inc.)
Innovative Energy Consultants Inc. (IEC)
Great Plains Energy Services Incorporated
Homepage:www.evergyinc.com

Great Plains Energy Incorporated was a holding company based in Kansas City, Missouri that owned electric utility Kansas City Power and Light Company and Strategic Energy, LLC, an energy management company.

KCP&L established the holding company on October 1, 2001.

Great Plains acquired Aquila, Inc. in July, 2008.[2]

In 2014, it ranked #855 on the Fortune 1000 list.[3]

Merger with Westar

In 2016, Great Plains and Westar Energy announced merger plans,[4] but this proposed merger was rejected by Kansas Corporation Commission utility regulators as unfavorable to Kansas consumers.[5] A new merger plan with Westar was announced in 2017.[6] As of May 24, 2018, this merger has been approved by both the Missouri Public Service Commission and Kansas regulators, with the combined company to be named Evergy.[7]

On October 7, 2019, the two operating companies officially changed names and rebranded to Evergy in the communities they serve.

References

External links

Notes and References

  1. Web site: ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2014 . Securities and Exchange Commission . 25 February 2015 . 19 March 2015.
  2. Web site: Aquila Acquisition.
  3. Web site: Great Plains Energy . Fortune . 19 March 2015.
  4. News: KCP&L parent agrees to buy Topeka-based Westar Energy. Davis. Mark. 2016-05-31. The Kansas City Star. 2018-05-24. en.
  5. News: Regulators deny proposed $12.2 billion merger of KCP&L and Westar. Vockrodt. Steve. 2017-04-19. The Kansas City Star. 2018-05-24. en.
  6. News: Shareholders vote on KCP&L parent's merger; regulators set timetable for review. Davis. Mark. 2018-11-17. The Kansas City Star. 2018-05-24. en.
  7. News: Goodbye Westar Energy and KCP&L, hello Evergy; most Kansans to get new power company. Lefler. Dion. 2018-05-24. The Wichita Eagle. 2018-05-24. en.