Building on Our Strengths

Great Plains Energy Inc. (NYSE: GXP), headquartered in Kansas City, Mo,. pursues attractive total returns by managing diverse energy-related businesses to achieve stability, disciplined growth and a substantial dividend for shareholders.

Two core holdings are building value for Great Plains Energy: Kansas City Power & Light Co. and Strategic Energy LLC.

Kansas City Power & Light Co., headquartered in Kansas City, Mo., is Great Plains Energy's core business. A leading regulated provider of electricity in the Midwest, this integrated utility serves over 500,000 customers in 24 counties of western Missouri and eastern Kansas. An experienced management team has developed a firm with strong cash flow, competitive retail electricity rates and a highly reliable delivery system. Operating eight stations with 25 generating units providing power to customers and selling into the wholesale market, KCP&L has more than 4,000 megawatts of efficient generation assets.

Strategic Energy LLC, headquartered in Pittsburgh, Pa., manages electricity procurement for commercial, institutional and government customers in states that offer retail electricity choice, including California, Connecticut, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, and Texas. The company earns a management fee for providing its unique PowerSupply Coordination services to customers.

By offering customers access to the wholesale market for electricity, Strategic Energy gives them the flexibility to lock in the price they pay for electricity for a fixed period of time that meets each customer's needs. Strategic Energy limits commodity risk by matching fixed-term wholesale power purchases with fixed-term retail power sales, and limits other risks by investing in a strong operations infrastructure and regulatory intellectual capital. Great Plains Energy is a majority owner of Strategic Energy.