Market Overview

Great Plains Energy Incorporated Declares Dividends

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Great Plains Energy (NYSE:GXP) today announced that its Board of
Directors approved a quarterly dividend of $0.2750 per share on its
common stock. The Company's current annual dividend level is $1.10 per
share. The common dividend will be payable June 20, 2018 to shareholders
of record as of May 30, 2018. The shares will begin to trade ex-dividend
on May 29, 2018.

About The Companies:

Headquartered in Kansas City, Mo., Great Plains Energy Incorporated is
the holding company of Kansas City Power & Light Company (KCP&L) and
KCP&L Greater Missouri Operations Company, two of the leading regulated
providers of electricity in the Midwest. KCP&L and KCP&L Greater
Missouri Operations Company use KCP&L as a brand name. More information
about the companies is available on the Internet at: www.greatplainsenergy.com
or www.kcpl.com.

Forward-Looking Statements:

Statements made in this release that are not based on historical facts
are forward-looking, may involve risks and uncertainties, and are
intended to be as of the date when made. Forward-looking statements
include, but are not limited to, statements relating to the anticipated
merger transaction of Great Plains Energy and Westar Energy,
Inc.(Westar), including those that relate to the expected financial and
operational benefits of the merger to the companies and their
shareholders (including cost savings, operational efficiencies and the
impact of the anticipated merger on earnings per share), the expected
timing of closing, the outcome of regulatory proceedings, cost estimates
of capital projects, dividend growth, share repurchases, balance sheet
and credit ratings, rebates to customers, employee issues and other
matters affecting future operations. In connection with the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
Great Plains Energy and KCP&L are providing a number of important
factors that could cause actual results to differ materially from the
provided forward-looking information. These important factors include:
future economic conditions in regional, national and international
markets and their effects on sales, prices and costs; prices and
availability of electricity in regional and national wholesale markets;
market perception of the energy industry, Great Plains Energy, KCP&L and
Westar; changes in business strategy, operations or development plans;
the outcome of contract negotiations for goods and services; effects of
current or proposed state and federal legislative and regulatory actions
or developments, including, but not limited to, deregulation,
re-regulation and restructuring of the electric utility industry;
decisions of regulators regarding rates that the Companies can charge
for electricity; adverse changes in applicable laws, regulations, rules,
principles or practices governing tax, accounting and environmental
matters including, but not limited to, air and water quality; financial
market conditions and performance including, but not limited to, changes
in interest rates and credit spreads and in availability and cost of
capital and the effects on derivatives and hedges, nuclear
decommissioning trust and pension plan assets and costs; impairments of
long-lived assets or goodwill; credit ratings; inflation rates;
effectiveness of risk management policies and procedures and the ability
of counterparties to satisfy their contractual commitments; impact of
terrorist acts, including, but not limited to, cyber terrorism; ability
to carry out marketing and sales plans; weather conditions including,
but not limited to, weather-related damage and their effects on sales,
prices and costs; cost, availability, quality and deliverability of
fuel; the inherent uncertainties in estimating the effects of weather,
economic conditions and other factors on customer consumption and
financial results; ability to achieve generation goals and the
occurrence and duration of planned and unplanned generation outages;
delays in the anticipated in-service dates and cost increases of
generation, transmission, distribution or other projects; Great Plains
Energy's and Westar's ability to successfully manage and integrate their
respective transmission joint ventures; the inherent risks associated
with the ownership and operation of a nuclear facility including, but
not limited to, environmental, health, safety, regulatory and financial
risks; workforce risks, including, but not limited to, increased costs
of retirement, health care and other benefits; the ability of Great
Plains Energy and Westar to obtain the regulatory approvals necessary to
complete the anticipated merger or the imposition of adverse conditions
or costs in connection with obtaining regulatory approvals; the risk
that a condition to the closing of the anticipated merger may not be
satisfied or that the anticipated merger may fail to close; the outcome
of any legal proceedings, regulatory proceedings or enforcement matters
that may be instituted relating to the anticipated merger; the costs
incurred to consummate the anticipated merger; the possibility that the
expected value creation from the anticipated merger will not be
realized, or will not be realized within the expected time period;
difficulties related to the integration of the two companies; the credit
ratings of the combined company following the anticipated merger;
disruption from the anticipated merger making it more difficult to
maintain relationships with customers, employees, regulators or
suppliers; the diversion of management time and attention on the
anticipated merger; and other risks and uncertainties.

This list of factors is not all-inclusive because it is not possible to
predict all factors. Additional risks and uncertainties are detailed
from time to time in Great Plains Energy's and KCP&L's quarterly reports
on Form 10-Q and annual report on Form 10-K filed with the Securities
and Exchange Commission. Each forward-looking statement speaks only as
of the date of the particular statement. Great Plains
Energy and KCP&L undertake no obligation to publicly update or revise
any forward-looking statement, whether as a result of new information,
future events or otherwise.

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