Great Plains Energy

Great Plains Energy Incorporated
Company typePublic
NYSE: GXP
IndustryElectric utility
Founded1882
FounderEdwin Ruthven Weeks, Joseph S. Chick, L.R. Moore, William Holmes
FateMerged with Westar Energy
Headquarters
Kansas City, Missouri
,
United States
Key people
Terry Bassham (President and CEO/Chairman)
RevenueIncrease US$2.568 billion (2014)[1]
Decrease US$534.5 Million (2014) [1]
Decrease US$242.8 Million (2014)
Number of employees
2,935 (2014) [1]
SubsidiariesKansas City Power & Light,(KLT Inc.)
Innovative Energy Consultants Inc. (IEC)
Great Plains Energy Services Incorporated
Websitewww.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.[citation needed]

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

  1. ^ a b c "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. Retrieved 19 March 2015.
  2. ^ "Aquila Acquisition" (PDF).[permanent dead link‍]
  3. ^ "Great Plains Energy". Fortune. Retrieved 19 March 2015.
  4. ^ Davis, Mark (2016-05-31). "KCP&L parent agrees to buy Topeka-based Westar Energy". The Kansas City Star. Retrieved 2018-05-24.
  5. ^ Vockrodt, Steve (2017-04-19). "Regulators deny proposed $12.2 billion merger of KCP&L and Westar". The Kansas City Star. Retrieved 2018-05-24.
  6. ^ Davis, Mark (2018-11-17). "Shareholders vote on KCP&L parent's merger; regulators set timetable for review". The Kansas City Star. Retrieved 2018-05-24.
  7. ^ Lefler, Dion (2018-05-24). "Goodbye Westar Energy and KCP&L, hello Evergy; most Kansans to get new power company". The Wichita Eagle. Retrieved 2018-05-24.


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