SOURCE: Industrial Info Resources

Industrial Info Resources

November 07, 2011 06:30 ET

Great Plains Energy Sees Gains Washed Away by Missouri River Flooding in Third-Quarter 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Nov 7, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Great Plains Energy (NYSE: GXP) (Kansas City, Missouri) saw steady revenue gains in the third quarter of 2011 from higher-than-expected temperatures, although costs stemming from the Missouri River flooding during the summer reduced overall earnings. Great Plains is the holding company for Kansas City Power & Light Company (KPC&L) and KPC&L Greater Missouri Operations Company, two of the top electricity providers in the U.S. Midwest. Net earnings for the quarter were reported to be $126.1 million, a 4.18% decrease from third-quarter 2010. Industrial Info is tracking $852.5 million in active Great Plains projects.

For more information, visit Industrial Info's North American Power Project Database.

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