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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Values of open positions for derivative instruments [Table Text Block]
 
December 31
 
2013
 
2012
 
Notional
Contract
Amount
 
Fair
Value
 
Notional
Contract
Amount
 
Fair
Value
Great Plains Energy
(millions)
Futures contracts
 
 
 
 
 
 
 
Cash flow hedges
$

 
$

 
$
1.0

 
$
(0.2
)
Non-hedging derivatives
19.3

 
(0.6
)
 
17.9

 
(2.8
)
Forward contracts
 

 
 

 
 

 
 

Non-hedging derivatives
47.7

 
5.2

 
65.5

 
6.5

Transmission congestion rights
 
 
 
 
 
 
 
Non-hedging derivatives
22.9

 
1.7

 

 

Option contracts
 

 
 

 
 

 
 

Non-hedging derivatives
4.8

 
1.2

 

 

KCP&L
 

 
 

 
 

 
 

Futures contracts
 

 
 

 
 

 
 

Cash flow hedges
$

 
$

 
$
1.0

 
$
(0.2
)
Non-hedging derivatives
7.7

 
(0.2
)
 

 

Transmission congestion rights
 
 
 
 
 
 
 
Non-hedging derivatives
18.0

 
1.1

 

 

Fair value of open derivative positions, gross values before netting agreements and netting of cash collatral [Table Text Block]
Great Plains Energy
 
 
 
 
 
 
 
 
 
 
Balance Sheet
 
Asset Derivatives
 
Liability Derivatives
December 31, 2013
Classification
 
Fair Value
 
Fair Value
Derivatives Not Designated as Hedging Instruments
 
 
 
(millions)
 
Commodity contracts
Other
 
 
8.5

 
 
 
1.0

 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 

 
 
 
 

 
Derivatives Designated as Hedging Instruments
 
 
 
 

 
 
 
 

 
Commodity contracts
Other
 
 
$

 
 
 
$
0.2

 
Derivatives Not Designated as Hedging Instruments
 
 
 
 

 
 
 
 

 
Commodity contracts
Other
 
 
6.5

 
 
 
2.8

 
Total Derivatives
 
 
 
$
6.5

 
 
 
$
3.0

 
KCP&L
 
 
 
 
 
 
 
 
 
 
Balance Sheet
 
Asset Derivatives
 
Liability Derivatives
December 31, 2013
Classification
 
Fair Value
 
Fair Value
Derivatives Not Designated as Hedging Instruments
 
 
 
(millions)
 
Commodity contracts
Other
 
 
$
1.2

 
 
 
$
0.3

 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 

 
 
 
 

 
Derivatives Designated as Hedging Instruments
 
 
 
 

 
 
 
 

 
Commodity contracts
Other
 
 
$

 
 
 
$
0.2

 
Offsetting Derivative Assets and Liabilities [Table Text Block]
Great Plains Energy
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Position
 
 
 
 
Description
Gross Amounts Recognized
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts Presented in the Statement of Financial Position
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
December 31, 2013
(millions)
Derivative assets
 
$
8.5

 
 
 
$
(0.7
)
 
 
 
$
7.8

 
 
 
$

 
 
 
$

 
 
 
$
7.8

 
Derivative liabilities
 
1.0

 
 
 
(0.9
)
 
 
 
0.1

 
 
 

 
 
 

 
 
 
0.1

 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 
$
6.5

 
 
 
$

 
 
 
$
6.5

 
 
 
$

 
 
 
$

 
 
 
$
6.5

 
Derivative liabilities
 
3.0

 
 
 
(3.0
)
 
 
 

 
 
 

 
 
 

 
 
 

 
KCP&L
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Position
 
 
 
 
Description
Gross Amounts Recognized
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts Presented in the Statement of Financial Position
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
December 31, 2013
(millions)
Derivative assets
 
$
1.2

 
 
 
$
(0.1
)
 
 
 
$
1.1

 
 
 
$

 
 
 
$

 
 
 
$
1.1

 
Derivative liabilities
 
0.3

 
 
 
(0.3
)
 
 
 

 
 
 

 
 
 

 
 
 

 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 
$
0.2

 
 
 
$
(0.2
)
 
 
 
$

 
 
 
$

 
 
 
$

 
 
 
$

 
Gain (loss) recognized in other comprehensive income or earnings for interest rate and commodity hedges [Table Text Block]
Great Plains Energy
 
 
 
 
 
 
 
Derivatives in Cash Flow Hedging Relationship
 
 
 
 
 
Gain (Loss) Reclassified from
 
 
 
 
 
Accumulated OCI into Income
 
 
 
 
 
(Effective Portion)
 
Amount of Gain  (Loss) Recognized in OCI on Derivatives  (Effective Portion)
 
Income Statement Classification
 
Amount
2013
(millions)
 
 
 
(millions)
Interest rate contracts
 
$

 
 
Interest charges
 
$
(18.6
)
Commodity contracts
 

 
 
Fuel
 
(0.3
)
Income tax benefit
 

 
 
Income tax benefit
 
7.3

Total
 
$

 
 
Total
 
$
(11.6
)
2012
 
 
 
 
 

Interest rate contracts
 
$

 
 
Interest charges
 
$
(20.2
)
Commodity contracts
 
(0.1
)
 
 
Fuel
 
(0.5
)
Income tax benefit
 

 
 
Income tax benefit
 
8.1

Total
 
$
(0.1
)
 
 
Total
 
$
(12.6
)
KCP&L
 
 
 
 
 
 
 
Derivatives in Cash Flow Hedging Relationship
 
 
 
 
 
 
 
 
 
 
 
 
Gain (Loss) Reclassified from
 
 
 
 
 
Accumulated OCI into Income
 
 
 
 
 
(Effective Portion)
 
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)
 
Income Statement Classification
 
Amount
2013
(millions)
 
 
 
(millions)
Interest rate contracts
 
$

 
 
Interest charges
 
$
(8.8
)
Commodity contracts
 

 
 
Fuel
 
(0.3
)
Income tax benefit
 

 
 
Income tax benefit
 
3.5

Total
 
$

 
 
Total
 
$
(5.6
)
2012
 
 
 
 
 

Interest rate contracts
 
$

 
 
Interest charges
 
$
(8.7
)
Commodity contracts
 
(0.1
)
 
 
Fuel
 
(0.5
)
Income tax benefit
 

 
 
Income tax benefit
 
3.5

Total
 
$
(0.1
)
 
 
Total
 
$
(5.7
)
Gain (loss) recognized in a regulatory balance sheet account or earnings for utility commodity hedges [Table Text Block]
Great Plains Energy
 
 
 
 
 
 
 
Derivatives in Regulatory Account Relationship
 
 
 
 
 
Gain (Loss) Reclassified from
 
 
 
 
 
Regulatory Account
 
Amount of Gain (Loss) Recognized in Regulatory Asset on Derivatives
 
Income Statement  Classification
 
Amount
2013
(millions)
 
 
 
(millions)
Commodity contracts
 
$
2.0

 
 
Fuel
 
$
(1.9
)
Total
 
$
2.0

 
 
Total
 
$
(1.9
)
2012
 
 
 
 
 

Commodity contracts
 
$
(2.7
)
 
 
Fuel
 
$
(6.6
)
Total
 
$
(2.7
)
 
 
Total
 
$
(6.6
)
Accumulated other comprehensive income related to cash flow hedges [Table Text Block]
 
Great Plains Energy
 
KCP&L
 
December 31
 
December 31
 
2013
 
2012
 
2013
 
2012
 
 
(millions)
 
Current assets
 
$
9.9

 
 
 
$
10.6

 
 
 
$
9.9

 
 
 
$
10.6

 
Current liabilities
 
(48.9
)
 
 
 
(68.4
)
 
 
 
(43.1
)
 
 
 
(52.8
)
 
Noncurrent liabilities
 

 
 
 
(0.1
)
 
 
 

 
 
 
(0.1
)
 
Deferred income taxes
 
15.2

 
 
 
22.5

 
 
 
13.0

 
 
 
16.5

 
Total
 
$
(23.8
)
 
 
 
$
(35.4
)
 
 
 
$
(20.2
)
 
 
 
$
(25.8
)