KCP&L is pleased to announce that J.D. Power and Associates’ 2010
Electric Utility Business Customer Satisfaction StudySM
recognizes KCP&L as the highest-ranked large electric utility in the
Midwest segment for business customer satisfaction.
KCP&L ranked highest in three out of the six categories covered by the
survey -- Power Quality and Reliability, Communications and Customer
Service – and in the Tier 1 groups in Price, Billing and Payment and
Corporate Citizenship. KCP&L had the shortest average outage duration
(2.1 hours) of the companies surveyed.
According to Mike Chesser, chairman and CEO of KCP&L, "Our employees
have worked hard to bring this level of customer satisfaction to our
business customers. I am proud of the level of operational excellence,
customer service and commitment to the success of our communities that
we have been able to achieve.”
Business customers from more than 16,000 U.S. companies that spend
between $500 and $50,000 monthly on electricity were interviewed for the
J.D. Power and Associates 2010 Electric Utility Business Customer
Satisfaction StudySM.
The survey, which included more than 90 utilities serving a total of
more than 11.7 million business customers, found that business customers
of electric utility providers are considerably more satisfied in 2010,
compared with 2009, because of marked improvements in corporate
citizenship and power quality and reliability.
These improvements included increased awareness of new conservation and
efficiency programs as well as informative Web sites. The study found
that business customers increasingly rely on their utility Web sites for
information, with 46 percent of customers who say they use their utility
Web site in 2010, compared with 38 percent in 2009. KCP&L ranked among
the study’s top 10 large brand utility performers for its
energy-efficiency programs and Web site customer service.
"The five-year Comprehensive Energy Plan we introduced in 2005 was
developed with the long-term energy needs of this region in mind,”
Chesser explained. "The plan focused on constructing the Iatan 2 plant,
which provides additional power generation to meet growing electricity
demand, investing in wind power, investing in environmental and
infrastructure improvements and implementing energy-efficiency programs.
Our goal, then and now, is to provide affordably priced, reliable power
to our customers for generations to come.
"In 2009, KCP&L was ranked in Tier 1 for residential customer
satisfaction among Midwest large U.S. utilities – a goal we plan to
achieve again this summer in July. We are equally pleased to receive
this recognition from our business customers and we will continue to use
their feedback to improve our business and services.”
Additional information about the survey is available at http://www.JDPower.com.
About J.D. Power and Associates
Headquartered in Westlake Village, Calif., J.D. Power and Associates is
a global marketing information services company operating in key
business sectors including market research, forecasting, performance
improvement, training and customer satisfaction. The firm’s quality and
satisfaction measurements are based on responses from millions of
consumers annually. For more information on cell phone ratings, car
reviews and ratings, car insurance, health insurance and more, please
visit JDPower.com. J.D. Power and Associates is a business unit of The
McGraw-Hill Companies.
About The Companies:
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: 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, 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 and Kansas City Power & Light Company
(KCP&L); 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 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 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 timing and amount of resulting
synergy savings from the acquisition of KCP&L Greater Missouri
Operations Company; 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. 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.
