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):  November 17, 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)
	1200 Main Street
	Kansas City, Missouri  64105
	(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)
	1200 Main Street
	Kansas City, Missouri  64105
	(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

On November 18, 2009, Great Plains Energy will make a presentation to the Kansas City Securities Association.  A copy of the presentation slides to be used in the presentation is attached hereto as Exhibit 99.1.

The presentation slides contain information regarding KCP&L.  Accordingly, information in the presentation slides relating to KCP&L is also being furnished on behalf of KCP&L.

The information under this 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 this Item 7.01 and Exhibit 99.1 hereto shall not be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, unless otherwise expressly indicated in such registration statement or other document.

Item 9.01	Financial Statements and Exhibits
(d) Exhibit No.
99.1	Kansas City Securities Association presentation slides (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: November 17, 2009.

Exhibit Index
Exhibit No.	Title
99.1	Kansas City Securities Association presentation slides (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
Kansas City
Securities AssociationPresentation

November 18, 2009

Exhibit 99.1

1

Terry Bassham

Executive Vice President

Finance & Strategic Development

and Chief Financial Officer

Ellen Fairchild, Director
Investor Relations

816-556-2083

ellen.fairchild@kcpl.com

Michael Cline, Vice President

Investor Relations & Treasurer

816-556-2622

michael.cline@kcpl.com

Eula Jones

Investor Relations Analyst

816-556-2080

eula.jones@kcpl.com

Company Representatives

2

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; impairments of long-lived assets or goodwill; 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

3

•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

•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

Strong Platform for Long-Term Growth

4

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

•820,000 customers / 3,200+ employees

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

•5-year projected synergies of $723 million

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

Total: $1.7bn

Total: $1.7bn

Solid Foundation

5

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 and KS cases; minimal exposure in 2010 cases
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

6

Iatan Site Photographs - October 2009

Iatan 2 Fabric Filter

Cooling Tower

Construction Campus

Iatan 1 SCR

Iatan 2 Boiler

Iatan 2 SCR

Gypsum Storage

Reagent Prep Bldg

Iatan 2 Absorber

Recycle Pump Building

Tank Farm and Coal Yard

7

			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	ü	Yes (95%)
	10.25%	6/1/07	11.55%	17mm	$15mm	9/1/09	ü	Yes (95%)
	—3	N/A	11.55%	1mm	$1mm	7/1/09	ü	Yes(85%)
	10.75%	1/1/08	11.55%	102mm	$95mm	9/1/09	ü	No
	—3	N/A	11.40%	72mm	$59mm	8/1/09	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

8

• Address supply opportunities including:

•environmental mandates,

•renewable portfolio standards

•fuel alternatives

• Help customers understand and manage

consumption

•smart grid

•energy efficiency

• Explore transmission in our region

What’s Next

9

The Green Impact Zone

Adjacent to Green Impact
Zone:

• Stowers Institute

• Midwest Research Institute
(NREL)

• UMKC Volker Campus

• Kauffman Foundation

• Rockhurst University

• DNR Gorman Center

• Nelson-Atkins Museum

10

KCP&L filed an application for ARRA Stimulus funding to advance energy efficiency and conduct a Smart Grid demonstration
project in the Green Impact Zone.We will invest approximately $14 million and requested Federal matching funds for
approximately $24 million and key partner funds of $10 million for a total estimated project value of $48 million.

Advancement of Existing Residential & C&I Energy Efficiency Programs

nWeatherization & Energy Audits

nEfficient Appliances, Lighting and HVAC Equipment

nEfficient Motors, Drives and Data Centers

Smart Grid Demonstration

nSmart Distribution

–Substation

–IP/RF 2-way Field Area Network (FAN)

–Distribution Management System (DMS)

nGeneration and Storage

–Commercial Solar and Photovoltaic

–Battery and Thermal Storage

nSmart End-Use

–Residential & Commercial EMS Demonstration

–In-Home Display and Interval Data

–PHEV Charging

–Smart Appliances and Pilot RTP or CPP Rates

Customer/Community Benefits:

Lower utility bills

Increased environmental stewardship

Improved energy information

Increased local energy sector jobs

KCP&L Benefits:

New business model development

Increased reliability

Reduced costs

Greater asset utilization

Environmental

Customer satisfaction

Regional economic development

Green Impact Zone Investments: Benefits
For Customers and KCP&L

11

• Address supply opportunities including:

•environmental mandates,

•renewable portfolio standards

•fuel alternatives

• Help customers understand and manage

consumption

•smart grid

•energy efficiency

• Explore transmission in our region

What’s Next Continued

Financial Overview

13

•Electric Utility segment earnings decreased $18.6 million primarily as a result of a) $14.3 million decrease in
operating income driven by lower wholesale revenue, higher operating expenses and depreciation, partially offset by
higher retail revenue and lower purchased power; and b) an $11.6 million increase in interest expense.

•Other segment earnings decreased $7.8 million primarily as a result of increased interest from the equity units issued
in May and a favorable 2008 impact from the reversal of interest expense related to unrecognized tax benefits.

•A 21.0 million increase in the average number of shares outstanding since the third quarter of 2008 resulted in $0.11
per share dilution

14

Earnings

Key Earnings Drivers:

+Increased retail revenue of $22.2 million driven by GMO’s inclusion for full quarter in 2009 and new
retail rates partially offset by mild weather and lower weather-normalized demand

+Decline in purchased power expense of $24.2 million

+Increased AFUDC of $2.7 million

-Decline in wholesale revenue of $28.5 million

-Increased depreciation & amortization of $12.5 million; including $3.8 million of additional amortization

-Increased non-fuel operating expense including $7.5 million wind termination fee and $5.2 million

increase for GMO driven by inclusion for a full quarter in 2009

-Increased interest expense, net of AFUDC, of $11.6 million

-Higher shares outstanding caused electric utility segment dilution of $0.12 per share.

(millions except
where indicated)

Earnings Per Share

$83.9

$0.90

$0.62

$102.5

15

•Increased Electric Utility segment earnings of $6.7 million mainly attributable to the inclusion of GMO’s regulated utility
operations for the full period in 2009;

•Increased Other segment earnings of $17.6 million including a $16.0 million tax benefit from an audit settlement in
GMO’s non-utility operation;

•Loss of $2.3 million in 2009 related to the discontinued operations of Strategic Energy compared to earnings of $35.0
million for the first nine months of 2008.

•Increase of 32.3 million average dilutive shares outstanding resulted in dilution of $0.36 per share.

16

Earnings Per Share

Earnings

(millions except
where indicated)

Earnings Drivers:

+GMO utility earnings increased $6.6 million

+Decreased fuel and purchase power expense of $51.0 million at KCP&L

+Decreased income taxes of $20.9 million at KCP&L

+Increase in KCP&L’s AFUDC equity of $8.3 million

-Reduced KCP&L revenues of $58.5 million, including $52.4 million drop in wholesale

-Increased depreciation and amortization of $13.7 million including $3.8 million of

additional amortization at KCP&L

-Increased interest expense, net of AFUDC, of $9.4 million at KCP&L

-Dilution of $0.36 per share caused by additional shares outstanding

$134.1

$1.34

$1.05

$127.4

Electric Utility Year-to-Date Results

17

	3Q 2009 Compared to 3Q 2008			YTD 2009 Compared to YTD 2008
GPE	Customers	Use/Customer	Change MWh Sales	Customers	Use/Customer	Change MWh Sales
Residential	0.2%	-0.1%	0.1%	0.4%	-0.4%	0.0%
Commercial	-0.4%	-2.2%	-2.5%	0.1%	-0.5%	-0.4%
Industrial
Weighted Avg.

Retail MWh Sales by Customer Class - Third Quarter 2009

Weather-Normalized Retail MWh Sales and Customer Growth Rates

Note:Includes GMO for full periods presented

Electric Utility Segment

18

Great Plains Energy Debt

Long-term Debt Maturities

Credit Ratings

*Includes current maturities

Credit Ratings, Debt, Capital Structure

19

•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

•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

Strong Platform for Long-Term Growth

Great Plains Energy
Kansas City
Securities AssociationPresentation

November 18, 2009