8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 11, 2009

Commission File Number	Registrant, State of Incorporation, Address and Telephone Number	I.R.S. Employer Identification Number
001-32206	GREAT PLAINS ENERGY INCORPORATED	43-1916803
	(A Missouri Corporation)
	1201 Walnut Street
	Kansas City, Missouri  64106
	(816) 556-2200
	NOT APPLICABLE
(Former name or former address, if changed since last report)
000-51873	KANSAS CITY POWER & LIGHT COMPANY	44-0308720
	(A Missouri Corporation)
	1201 Walnut Street
	Kansas City, Missouri  64106
	(816) 556-2200
	NOT APPLICABLE
	(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
	(17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

This combined Current Report on Form 8-K is being furnished by Great Plains Energy Incorporated (Great Plains Energy) and Kansas City Power & Light Company (KCP&L).  KCP&L is a wholly owned subsidiary of Great Plains Energy and represents a significant portion of its assets, liabilities, revenues, expenses and operations.  Thus, all information contained in this report relates to, and is furnished by, Great Plains Energy.  Information that is specifically identified in this report as relating solely to Great Plains Energy, such as its financial statements and all information relating to Great Plains Energy’s other operations, businesses and subsidiaries, including KCP&L Greater Missouri Operations Company (GMO) does not relate to, and is not furnished by, KCP&L.  KCP&L makes no representation as to that information.  Neither Great Plains Energy nor GMO has any obligation in respect of KCP&L’s debt securities and holders of such securities should not consider Great Plains Energy’s or GMO’s financial resources or results of operations in making a decision with respect to KCP&L’s debt securities.  Similarly, KCP&L has no obligation in respect of securities of Great Plains Energy or GMO.

Item 7.01 Regulation FD Disclosure

Commencing on September 14, 2009, Great Plains Energy will participate in meetings with investors.  A copy of the investor handout to be used in such meetings is attached as Exhibit 99.1 hereto.  The investor handout contains information regarding KCP&L.  Accordingly, information in the investor handout relating to KCP&L is also being furnished on behalf of KCP&L.

The information under Item 7.01 and in Exhibit 99.1 hereto is being furnished and shall not be deemed filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended.  The information under Item 7.01 and Exhibit 99.1 hereto shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, unless otherwise indicated in such registration statement or other document.

Item 9.01	Financial Statements and Exhibits
(d)  Exhibits
99.1	Investor handout (furnished and not deemed filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GREAT PLAINS ENERGY INCORPORATED

/s/ Michael W. Cline

Michael W. Cline

Vice President – Investor Relations and Treasurer

KANSAS CITY POWER & LIGHT COMPANY

/s/ Michael W. Cline

Michael W. Cline

Vice President – Investor Relations and Treasurer

Date: September 11, 2009.

Exhibit Index
Exhibit No.	Title
99.1	Investor handout (furnished and not deemed filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended).

EX-99.1

Great Plains Energy

Investor Meetings
September 2009

Michael Cline

Vice President - Investor Relations & Treasurer

816-556-2622

michael.cline@kcpl.com

Ellen Fairchild

Director Investor Relations

816-556-2083

ellen.fairchild@kcpl.com

1

Statements made in this presentation 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, KCP&L and GMO; 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 KCP&L and GMO 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; 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 ability to successfully integrate KCP&L and GMO operations and the
timing and amount of resulting synergy savings; 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 or annual report on Form 10-K filed with the Securities and Exchange
Commission.Any forward-looking statement speaks only as of the date on which such statement is made.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.

Forward Looking Statement

2

•Strong Midwest electric utilities focused on regulated operations in Missouri and Kansas

•Diversified customer base includes 820,000 residential, commercial, and industrial customers

•~6,000 Megawatts of generation capacity

•Low-cost generation mix - projected 76% coal, 17% nuclear (Wolf Creek) in 2009

100% Regulated
Electric Utility
Operations Focus

•Significant projected rate base growth from $3.6bn in 2008 to $6.8bn in 2012 - 15% CAGR

•Growth and stability in earnings driven by sizable regulated investments as part of the Comprehensive
Energy Plan (“CEP”)

•Wind and environmental retrofit components of CEP in place; Iatan 2 baseload coal plant
targeted for completion in late summer 2010

•Anticipated growth beyond 2010 driven by additional environmental capex and wind

Attractive Platform for

Long-Term Earnings

Growth

•Successful outcomes in 2006, 2007 and 2008 rate cases in Missouri and Kansas

•Combined annual rate increases from 2008 cases of $59mm in Kansas and $159mm in Missouri; new
rates effective August 1stin Kansas and September 1st in Missouri

Focused Regulatory
Approach

•Cash flow and earnings heavily driven by regulated operations and cost recovery mechanisms

•Ample liquidity currently available under $1.5bn credit facilities

•Sustainable dividend and pay-out, right-sized to fund growth and to preserve liquidity

•Committed to maintaining current investment grade credit ratings

Stable and Improving

Financial Position

Great Plains Energy Overview

3

Pro Forma 2008 Revenue by Customer Segment

Pro Forma 2008 Revenue by Utility Jurisdiction

Service Territories: KCP&L and GMO

Business Highlights

•Solid Midwest electric utility - KCP&L brand

•Transformational events in 2008 to focus business model on fully
regulated utility operations

–Sale of Strategic Energy

–Acquisition of Aquila

•Company attributes post-acquisition

•800,000+ customers / 3,200+ employees

•~6,000 MW of primarily low-cost baseload generation

•5-year projected synergies of $695 million

•~$7.9bn in assets and $3.6bn in rate base at 2008YE

Total: $1.7bn

Total: $1.7bn

Regulated Electric Utility Operations

4

Project description	Comments
100 MW plant in Spearville, KS Began construction in 2005	ü Completed in Q3 2006 ü In rate base from 1/1/2007 ü No regulatory disallowance
Selective Catalytic Reduction (SCR) unit at LaCygne 1 plant	ü Completed in Q2 2007 ü In rate base from 1/1/2008 ü No regulatory disallowance
Air Quality Control System at Iatan 1 coal plant	üCompleted in Q2 2009 üIn rate base starting 3Q 2009 (KS 08/1 &MO 9/1) üNo regulatory disallowance in 2009 MO case; minimal exposure in 2010 MO case
Construction of Iatan 2 super-critical coal plant (850 MW; 73% GXP ownership share)1	ü On track for completion late summer 2010 ü Expected in rate base Q4 2010 / 1Q 2011

Iatan 2

Iatan 1

Environmental

LaCygne

Environmental

Wind

Great Plains Energy has effectively executed all elements of its Comprehensive Energy Plan to date
and received positive, just, and reasonable regulatory treatment

Comprehensive Energy Plan

1 Includes post-combustion environmental technologies including an SCR system, wet flue gas desulphurization system and fabric filter to
control emissions

Strong Track Record of Execution

5

Reinvesting in the business and growing rate base ($bn)

CapEx breakdown (2009E-2011E) ($mm)

Path to future growth

•Rate base expected to grow at a 15% CAGR from 2008 to 2012

• Comprehensive Energy Plan (base load generation and environmental projects)

–100 MW wind completed in Q3 2006 - in rate base 1/1/07

–Selective Catalytic Reduction (SCR) at LaCygne 1 coal plant completed in 2007 - in rate base 1/1/08

–Air Quality Control System (AQCS) installed at Iatan 1 coal plant in 2009 - in rate base 3Q09

–Iatan 2 coal plant scheduled for completion late summer 2010 - expected to be included in rate base 4Q10 / 1Q11

•Non-CEP rate base additions

–GMO - Jeffrey and Sibley 3 environmental

–KCP&L - environmental at LaCygne 1 / LaCygne 2 / Montrose, additional wind (all beyond 2011)

• Diligent focus on managing regulatory relationships and process

Note: As of 10-K, 12/31/2008

Note:Iatan 2 assumed in rate base 4Q 2010

Attractive Platform for Long-Term Growth

 CAGR = 15%

Operational Overview

7

•Iatan 2 reforecast completed; construction continues on budget and on schedule

ØNo change in top end of previously-disclosed cost range

ØPlanned completion on-track for late summer 2010

•Iatan 1 and Sibley 3 environmental projects completed, settlements approved in five
rate cases

•Improved KCP&L coal plant performance, excluding Iatan 1, in first half 2009
compared to first half of both 2007 and 2008

•On track to exceed original overall GMO acquisition synergy target

•Achieved Tier 1 customer satisfaction ranking

Operations Highlights - 2009 First Half

8

Iatan 2 Estimate Range

9

			2008 rate cases
Company	Last Allowed ROE	Effective Date of Last Allowed ROE	ROE requested1	Requested revenue increase	Stipulated / settled revenue increase	Tariff implementation	RPS2	Fuel Clause?
	10.25%	6/1/07	11.55%	$66mm	$48mm	9/1/09 (Settled 5/09; MPSC approval 6/10/09)	ü	Yes (95%)
	10.25%	6/1/07	11.55%	17mm	$15mm	9/1/09 (Settled 5/09; MPSC approval 6/10/09)	ü	Yes (95%)
	—3	N/A	11.55%	1mm	$1mm	7/1/09 (Settled 5/09; MPSC approval 6/10/09)	ü	Yes(85%)
	10.75%	1/1/08	11.55%	102mm	$95mm	9/1/09 (Settled 4/09; MPSC approval 6/10/09)	ü	No
	—3	N/A	11.40%	72mm	$59mm	8/1/09 (Settled 6/18; KCC approval 6/24/09)	ü	Yes (100%)

GMO-MPS

GMO-L&P

GMO-Steam

KCP&L-KS

KCP&L-MO

1 ROE of 10.75% originally requested in all cases; requests increased in rebuttal testimony based on financial market developments.All cases settled; ROE not disclosed

2 Missouri mandatory Renewable Portfolio Standard of 2% by 2011, 10% by 2018 and 15% by 2021;
Kansas has targets of 10% by 2011, 15% by 2016 and 20% by 2020

3 “Black Box” settlement - ROEnot disclosed

Focused Regulatory Approach

10

Missouri Regulatory Update

Rate Cases Filed September 2008:

KCP&L

•$95 million rate increase (incl. $10 million addl. amortization) effective 9/1/09

•Set maximum MO jurisdictional prudence exposure of Iatan 1 AQCS and common facilities in

next rate case at $30 million

•Deferral of costs associated with AQCS and common facilities that are in service, but not yet included in rate
base

•Establishes wholesale margin threshold of $30 million (total KCP&L; implied MO jurisdictional portion of ~$17
million)

GMO - MPS and SJLP

•Rate increases of $48 million for MPS / $15 million for L&P effective 9/1/09

•Same treatment as KCP&L of prudency of GMO’s portion of Iatan 1 AQCS and common facilities; maximum
exposure in next GMO MO rate case set at $15 million

•Same treatment as KCP&L regarding deferral of GMO’s costs associated with Iatan 1 AQCS and common
facilities in-service but not in rate base

•Continuation of GMO’s electric Fuel Adjustment Clauses

GMO - Steam

•Rate increase of approximately $1 million effective 7/1/09

11

Kansas Regulatory Update

Rate Case Filed September 2008:

KCP&L

•Rate increases of $59 million (incl. $18 million additional amortization) effective 8/1/09

•Set maximum KS jurisdictional prudence exposure of Iatan 1 AQCS and common costsin next
rate case at effectively $7.5 million

12

KCP&L Coal Fleet

KCP&L Nuclear Plant

GMO Coal Fleet

Impact of extended

nuclear refueling outage

Impact of unplanned

coal outages

Q4 08 and Q1 09

Impact of Iatan I unit overhaul
and AQCS tie-ins

Q4 08 and Q1 09 impact of

Sibley environmental upgrade

•  Excluding Iatan 1, KCP&L’s coal plant

equivalent availability and capacity

in 2Q 2009 was 79% and 72%, respectively

•  Excluding Iatan 1, KCP&L’s coal plant

equivalent availability and capacity

in the first half of 2009 was

77% and 71%, respectively

Plant Performance

13

ORIGINAL TARGET= $643M

*6 months of actual, 6 months estimated

5-Year Post Acquisition Synergy Projection

Synergies - Current View

14

Tier 1

Tier 2

Tier 3

Tier 4

KCP&L

JD Power Residential Customer Satisfaction

YTD Peer Group Comparison

Customer Satisfaction Tier 1

15

•Appointment of new MPSC
commissioner

•Legislation supporting “recovery of and
return on” energy efficiency investment
signed by governor

•Proposition C continues in rule- making
phase

•Formal reappointment of one KCC
commissioner

•Omnibus energy bill with an RPS, net
metering and other measures signed by
governor.

Missouri

Kansas

Legislative

Financial Overview

17

•Electric Utility segment earnings increased $34.9 million as a result of a) GMO utility operations earnings; b) improved operating
results at KCP&L; and c) lower taxes at KCP&L

•Other segment earnings decreased $11.3 million primarily as a result of increased interest from the equity units issued in May and
various favorable impacts reflected in 2008 earnings

•Loss from the discontinued operations of Strategic Energy, which Great Plains sold in June 2008, was about $15 million less than
2008

•An approximate 50% increase in average number of shares outstanding since the second quarter of 2008 resulted in $0.13 per
share dilution

18

•Increased Electric Utility segment earnings of $25.3 million attributable to a) GMO utilityoperations earnings; b) higher AFUDC at
KCP&L; and c) lower taxes at KCP&L

•Increased Other segment earnings of $25.4 million due primarily to GMO non-utility operations’ contribution, primarily from a tax
benefit related to an audit settlement, and various unfavorable impacts included in 2008 results

•Loss in 2009 related to a tax accrual for the discontinued operations of Strategic Energy compares unfavorably to earnings from
discontinued operations for the first half of 2008

•Increase of 38.1 million average dilutive shares outstanding resulted in $0.20 per share dilution

19

Earnings

Key Earnings Drivers:

+GMO utility operations earnings contribution of $7.9 million or $0.06 per share

+Decline in KCP&L’s purchased power expense of $23.8 million

+Decreased income taxes of $13.0 million at KCP&L (higher in ’08 due to change in composite tax rate)

+Decreased non-fuel O&M of $8.3 million at KCP&L

-Decline in wholesale revenue of $11.5 million, or 21% at KCP&L

-Increased depreciation and amortization of $4.4 million at KCP&L

-Increased interest expense at KCP&L, net of AFUDC, of $3.3 million

-Higher shares outstanding caused electric utility segment dilution of $0.17

$7.9

$42.8

2Q ‘08

2Q ‘09

(millions except
where indicated)

$34.9

KCP&L

KCP&L

GMO

$7.9

          2Q ‘09

Utility Total

$0.09

$0.33

2Q ‘08

2Q ‘09

$0.27

KCP&L

$0.06

         2Q ‘09

Utility Total

GMO

KCP&L

Electric Utility Second Quarter Results

20

Earnings

Earnings Per Share

$24.9

$50.2

$0.29

$0.41

(millions except
where indicated)

YTD ‘08

YTD ‘09

YTD ‘08

YTD ‘09

Earnings Drivers:

+GMO utility earnings contribution of $6.9 million or $0.06 per share

+Decreased purchase power expense of $30.2 million at KCP&L

+Decreased income taxes of $13.4 million at KCP&L

+Increase in KCP&L’s AFUDC equity of $7.1 million

+Decreased non-fuel operations and maintenance expanse of $6.9 million at KCP&L

-Reduced KCP&L revenues of $30.3 million, including $27.3 million drop in wholesale

-Increased KCP&L depreciation and amortization of $5.8 million

-Increased interest expense, net of AFUDC, of $3.7 million at KCP&L

-Dilution of $0.17 caused by additional shares outstanding

KCP&L

GMO

       YTD ‘09

Utility Total

KCP&L

KCP&L

KCP&L

  YTD ‘09

Utility Total

$0.06

$0.35

$6.9

$43.3

GMO

Electric Utility Year-to-Date Results

21

	2Q 2009 Compared to 2Q 2008			1st Half 2009 Compared to 1st Half 2008
GPE	Customers	Use/Customer	Change MWh Sales	Customers	Use/Customer	Change MWh Sales
Residential	0.5%	-0.7%	-0.1%	0.5%	-0.6%	-0.1%
Commercial	0.3%	0.2%	0.5%	0.3%	0.5%	0.8%
Industrial	-0.6%	-11.0%	-11.5%	-0.6%	-9.1%	-9.6%
Weighted Avg.	0.5%	-2.1%	-1.6%	0.5%	-1.5%	-1.1%

Retail MWh Sales by Customer Class 6/30/09

Weather Normalized Retail MWh Sales and Customer Growth Rates

KCP&L and GMO Combined

22

Earnings

Earnings Per Share

$0.06

$(0.05)

Key Earnings Drivers:

+GMO non-utility operations contributed $0.5 million or $0.01 per share

-Increased interest of $3.5 million from equity units

-Unfavorable comparison to 2008, which included positive earnings impact from

interest rate hedge

-Additional shares caused anti-dilution effect of $0.04 per share

$(6.4)

$4.9

(millions except
where indicated)

2Q ‘09

2Q ‘08

2Q ‘09

2Q ‘08

Other Segment Quarterly Results

23

Earnings

Key Drivers:

+$16.0 million first quarter GMO tax benefit

+Favorable comparison to 2008, which included net loss of $7.1 million from a number of items

–Higher interest expense of $3.5 million

-Additional shares outstanding caused $0.03 per share of dilution

$7.5

$(17.9)

(millions except
where indicated)

YTD ‘09

YTD ‘08

$0.06

$(0.20)

Other Segment Year-to-Date Results

24

Liquidity

25

Capital Structure at 6/30/09

Great Plains Energy Debt

Long-term Debt Maturities

Credit Ratings

*Includes current maturities

Credit Ratings, Debt, Capital Structure

26

$ Billions

$3.6

$6.8

$6.1

$5.8

$4.3

• Year-end rate base projections

• Iatan 1 and Sibley environmental in rate base 3Q09

• Iatan 2 assumed in rate base 4Q 2010

2008

2009

2010

2011

2012

Solid Rate Base Growth