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Stock Market & Financial Investment News

News Breaks
February 14, 2013
08:36 EDTGXPGreat Plains Energy completes leadership transition
Great Plains Energy and Kansas City Power & Light announced that Michael J. Chesser has notified the Great Plains Energy Board of Directors of his decision not to stand for reelection as chairman of the board at the company’s annual shareholders meeting this May. The board has selected Terry Bassham, Great Plains Energy’s president and CEO, to succeed Chesser as chairman of the board, effective May 7. Bassham has been CEO since June 2012.
News For GXP From The Last 14 Days
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January 26, 2015
15:44 EDTGXPKCP&L plans to install, operate 1,000 electric vehicle charging stations
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January 20, 2015
17:17 EDTGXPGreat Plains Energy unit announces plans to stop burning coal at three plants
Kansas City Power & Light Company, or KCP&L, a subsidiary of Great Plains Energy, announced that in the coming years it will no longer burn coal at three of its coal-fired power plants, Montrose Station, one of its units at Lake Road Station and two of its units at Sibley Station. This announcement furthers the company’s commitment to a sustainable energy future and balanced generation portfolio. Lake Road’s boiler already has the ability to burn natural gas and the company plans to operate on natural gas once it ceases coal combustion. In the coming years, KCP&L will make final decisions regarding whether to retire the units at Montrose and Sibley, or convert them to an alternative fuel source. The decision comes in part as a result from recent Environmental Protection Agency regulations, which would require KCP&L to make significant environmental upgrades in the coming years in order to continue burning coal at these power plants. While this decision will impact employees at Montrose, Lake Road and Sibley, the utility does not anticipate that any employees will lose jobs as a result. KCP&L will find job opportunities within the company for displaced employees.

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