Kansas City Power & Light Company (KCP&L), a subsidiary of Great Plains
Energy Incorporated (NYSE: GXP), announced today that it has issued
requests for proposals (RFP’s) to add up to 300 MW of additional
emissions-free, renewable wind generation in the 2010 – 2011 timeframe.
KCP&L currently owns and operates the Spearville Wind Generation
Facility, a 100.5 MW wind farm in Spearville, Kansas that became
operational in 2006. The Spearville Wind Generation Facility generates
enough electricity annually to supply approximately 33,000 homes. If
fully developed, the wind projects contemplated in these RFP’s would
provide a clean source of power for approximately 100,000 homes.
"KCP&L is committed to renewable energy sources, such as wind energy, as
part of our total energy portfolio,” said Mike Chesser, Chairman and CEO
of KCP&L. "We believe a progressive and balanced approach to power
generation is the best strategy, and today’s announcement demonstrates
our commitment to a more sustainable, cleaner energy future for our
region.”
The following RFP’s are being distributed:
1. The first RFP invites companies to submit proposals to construct and
own a 100.5 MW addition at the Spearville Wind Generation Facility and
sell the power to KCP&L under a 20-year power purchase agreement
starting in August 2010.
2. The second RFP has two parts:
a. The first part invites companies, as an alternative to the Spearville
addition, to submit proposals to provide KCP&L with 100 MW of wind power
through a power purchase agreement starting in August 2010.
b. The second part invites companies to submit proposals for up to an
additional 200 MW of wind power starting in October 2011. Proposals
under the second part of this RFP could include power purchase
agreements or arrangements where KCP&L would own and operate the
facilities after development and construction.
KCP&L will look for the best, most cost-effective projects for the
company and its customers, while remaining mindful of economic
development opportunities within the region.
"From its support of mandatory renewable energy standards, to its
landmark agreement with the Sierra Club and environmental upgrades to
its coal-fired power plants, KCP&L has demonstrated its commitment to a
cleaner and sustainable energy future,” explained David Warm, Executive
Director of the Mid-America Regional Council (MARC). "These wind
projects will serve as a catalyst for the creation of next-generation
clean energy jobs and improve air quality in our region for years to
come.”
The requests for proposals are available on KCP&L’s Web site at www.kcpl.com.
Proposals are due January 11, 2010, at which time KCP&L will begin
reviewing the submissions.
About Kansas City Power & Light:
Headquartered in Kansas City, Mo., Great Plains Energy Incorporated
(NYSE:GXP) is the holding company of Kansas City Power & Light Company
and KCP&L Greater Missouri Operations Company, two of the leading
regulated providers of electricity in the Midwest. Kansas City Power &
Light and KCP&L Greater Missouri Operations use KCP&L as a brand name.
More information about the companies is available on the Internet at http://www.greatplainsenergy.com
and http://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, the outcome of regulatory proceedings,
cost estimates of the Comprehensive Energy Plan and other matters
affecting future operations. In connection with the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, the
registrants 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, including, but not limited to, possible further
deterioration in economic conditions and the timing and extent of any
economic recovery; prices and availability of electricity in regional
and national wholesale markets; market perception of the energy
industry, Great Plains Energy, KCP&L and GMO; changes in business
strategy, operations or development plans; 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 KCP&L and GMO 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 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; increased competition
including, but not limited to, retail choice in the electric utility
industry and the entry of new competitors; 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; ability to
achieve generation planning goals and the occurrence and duration of
planned and unplanned generation outages; delays in the anticipated
in-service dates and cost increases of additional generating capacity
and environmental projects; nuclear operations; workforce risks,
including, but not limited to, retirement compensation and benefits
costs; the ability to successfully integrate KCP&L and GMO operations
and the timing and amount of resulting synergy savings; and other risks
and uncertainties.
This list of factors is not all-inclusive because it is not possible to
predict all factors. Other risk factors are detailed from time to time
in Great Plains Energy’s and KCP&L’s most recent quarterly report on
Form 10-Q and annual report on Form 10-K filed with the Securities and
Exchange Commission. Any forward-looking statement speaks only as of the
date on which such statement is made. 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.