Great Plains Energy : Merger with Westar Wikipedia, the free encyclopedia

Great Plains Energy

Former energy holding company based in Kansas City

Great Plains Energy Incorporated

Company type	Public
Traded as	NYSE: GXP
Industry	Electric utility
Founded	1882
Founder	Edwin Ruthven Weeks, Joseph S. Chick, L.R. Moore, William Holmes
Fate	Merged with Westar Energy
Headquarters	Kansas City, Missouri , United States
Key people	Terry Bassham (President and CEO/Chairman)
Revenue	US$2.568 billion (2014)^[1]
Operating income	US$534.5 Million (2014) ^[1]
Net income	US$242.8 Million (2014)
Number of employees	2,935 (2014) ^[1]
Subsidiaries	Kansas City Power & Light,(KLT Inc.) Innovative Energy Consultants Inc. (IEC) Great Plains Energy Services Incorporated
Website	www.evergyinc.com

Great Plains Energy Incorporated was a holding company based in Kansas City, Missouri that owned electric utility Kansas City Power and Light Company and Strategic Energy, LLC, an energy management company.

KCP&L established the holding company on October 1, 2001.^{[citation needed]}

Great Plains acquired Aquila, Inc. in July, 2008.^[2]

In 2014, it ranked #855 on the Fortune 1000 list.^[3]

Merger with Westar

In 2016, Great Plains and Westar Energy announced merger plans,^[4] but this proposed merger was rejected by Kansas Corporation Commission utility regulators as unfavorable to Kansas consumers.^[5] A new merger plan with Westar was announced in 2017.^[6] As of May 24, 2018, this merger has been approved by both the Missouri Public Service Commission and Kansas regulators, with the combined company to be named Evergy.^[7]

On October 7, 2019, the two operating companies officially changed names and rebranded to Evergy in the communities they serve.

References

^ ^a ^b ^c "ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2014". Securities and Exchange Commission. 25 February 2015. Retrieved 19 March 2015.
^ "Aquila Acquisition" (PDF).^{[permanent dead link]}
^ "Great Plains Energy". Fortune. Retrieved 19 March 2015.
^ Davis, Mark (2016-05-31). "KCP&L parent agrees to buy Topeka-based Westar Energy". The Kansas City Star. Retrieved 2018-05-24.
^ Vockrodt, Steve (2017-04-19). "Regulators deny proposed $12.2 billion merger of KCP&L and Westar". The Kansas City Star. Retrieved 2018-05-24.
^ Davis, Mark (2018-11-17). "Shareholders vote on KCP&L parent's merger; regulators set timetable for review". The Kansas City Star. Retrieved 2018-05-24.
^ Lefler, Dion (2018-05-24). "Goodbye Westar Energy and KCP&L, hello Evergy; most Kansans to get new power company". The Wichita Eagle. Retrieved 2018-05-24.