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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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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