3. RECEIVABLES

Great Plains Energy's and KCP&L's receivables are detailed in the following table.



	September 30				December 31
		2014				2013
Great Plains Energy		(millions)
Customer accounts receivable - billed		$	42.8			$	1.5
Customer accounts receivable - unbilled		81.2				74.6
Allowance for doubtful accounts - customer accounts receivable		(3.6		)		(2.5		)
Other receivables		113.2				88.6
Total		$	233.6			$	162.2
KCP&L
Customer accounts receivable - billed		$	28.0			$	1.3
Customer accounts receivable - unbilled		51.7				51.2
Allowance for doubtful accounts - customer accounts receivable		(1.6		)		(1.1		)
Other receivables		98.6				77.8
Total		$	176.7			$	129.2

Great Plains Energy's and KCP&L's other receivables at September 30, 2014, and December 31, 2013, consisted primarily of receivables from partners in jointly owned electric utility plants and wholesale sales receivables.

Sale of Accounts Receivable – KCP&L and GMO

KCP&L and GMO sell all of their retail electric accounts receivable to their wholly owned subsidiaries, KCP&L Receivables Company and GMO Receivables Company, respectively, which in turn sell an undivided percentage ownership interest in the accounts receivable to Victory Receivables Corporation, an independent outside investor. Each of KCP&L Receivables Company's and GMO Receivables Company's sale of the undivided percentage ownership interest in accounts receivable to Victory Receivables Corporation is accounted for as a secured borrowing with accounts receivable pledged as collateral and a corresponding short-term collateralized note payable recognized on the balance sheets. At September 30, 2014, and December 31, 2013, Great Plains Energy's accounts receivable pledged as collateral and the corresponding short-term collateralized note payable were $171.0 million and $175.0 million, respectively. At both September 30, 2014, and December 31, 2013, KCP&L's accounts receivable pledged as collateral and the corresponding short-term collateralized note payable were $110.0 million.

KCP&L and GMO each sell their receivables at a fixed price based upon the expected cost of funds and charge-offs. These costs comprise KCP&L's and GMO's loss on the sale of accounts receivable. KCP&L and GMO service the receivables and receive annual servicing fees of 1.5% and 1.25%, respectively, of the outstanding principal amount of the receivables sold to KCP&L Receivables Company and GMO Receivables Company. KCP&L and GMO do not recognize a servicing asset or liability because management determined the collection agent fees earned by KCP&L and GMO approximate market value. KCP&L's agreement, which was renewed in the third quarter of 2014, expires in September 2015 and allows for $110 million in aggregate outstanding principal amount at any time. GMO's agreement, which was renewed in the third quarter of 2014, expires in September 2015 and allows for $80 million in aggregate outstanding principal through mid-November 2014 then decreases to $65 million through mid-June 2015 and then increases to $80 million through September 2015.

Information regarding KCP&L's sale of accounts receivable to KCP&L Receivables Company and GMO's sale of accounts receivable to GMO Receivables Company is reflected in the following tables.



Three Months Ended September 30, 2014	KCP&L				KCP&L Receivables Company				Consolidated KCP&L				GMO				GMO Receivables Company				Consolidated Great Plains Energy
	(millions)
Receivables (sold) purchased		$	(472.9	)		$	472.9			$	—			$	(251.3	)		$	251.3			$	—
Gain (loss) on sale of accounts receivable ^(a)		(6.0		)		5.9				(0.1		)		(3.1		)		3.2				—
Servicing fees received (paid)		0.8				(0.8		)		—				0.4				(0.4		)		—
Fees paid to outside investor		—				(0.3		)		(0.3		)		—				(0.2		)		(0.5		)
Cash from customers (transferred) received		(471.5		)		471.5				—				(253.2		)		253.2				—
Cash received from (paid for) receivables purchased		465.6				(465.6		)		—				250.0				(250.0		)		—
Interest on intercompany note received (paid)		0.1				(0.1		)		—				—				—				—



Year to Date September 30, 2014	KCP&L				KCP&L Receivables Company				Consolidated KCP&L				GMO				GMO Receivables Company				Consolidated Great Plains Energy
	(millions)
Receivables (sold) purchased		$	(1,206.9	)		$	1,206.9			$	—			$	(643.0	)		$	643.0			$	—
Gain (loss) on sale of accounts receivable ^(a)		(15.3		)		14.9				(0.4		)		(8.1		)		7.9				(0.6		)
Servicing fees received (paid)		2.0				(2.0		)		—				1.0				(1.0		)		—
Fees paid to outside investor		—				(0.9		)		(0.9		)		—				(0.5		)		(1.4		)
Cash from customers (transferred) received		(1,187.3		)		1,187.3				—				(630.5		)		630.5				—
Cash received from (paid for) receivables purchased		1,172.4				(1,172.4		)		—				622.6				(622.6		)		—
Interest on intercompany note received (paid)		0.2				(0.2		)		—				—				—				—



Three Months Ended September 30, 2013	KCP&L				KCP&L Receivables Company				Consolidated KCP&L				GMO				GMO Receivables Company				Consolidated Great Plains Energy
	(millions)
Receivables (sold) purchased		$	(481.2	)		$	481.2			$	—			$	(264.1	)		$	264.1			$	—
Gain (loss) on sale of accounts receivable ^(a)		(6.1		)		5.8				(0.3		)		(3.4		)		3.2				(0.5		)
Servicing fees received (paid)		0.8				(0.8		)		—				0.4				(0.4		)		—
Fees paid to outside investor		—				(0.3		)		(0.3		)		—				(0.2		)		(0.5		)
Cash from customers (transferred) received		(468.5		)		468.5				—				(260.5		)		260.5				—
Cash received from (paid for) receivables purchased		462.6				(462.6		)		—				257.2				(257.2		)		—
Interest on intercompany note received (paid)		0.1				(0.1		)		—				0.1				(0.1		)		—



Year to Date September 30, 2013	KCP&L				KCP&L Receivables Company				Consolidated KCP&L				GMO				GMO Receivables Company				Consolidated Great Plains Energy
	(millions)
Receivables (sold) purchased		$	(1,189.2	)		$	1,189.2			$	—			$	(652.2	)		$	652.2			$	—
Gain (loss) on sale of accounts receivable ^(a)		(15.1		)		14.4				(0.7		)		(8.3		)		7.9				(1.1		)
Servicing fees received (paid)		2.0				(2.0		)		—				1.0				(1.0		)		—
Fees paid to outside investor		—				(0.9		)		(0.9		)		—				(0.5		)		(1.4		)
Cash from customers (transferred) received		(1,150.8		)		1,150.8				—				(630.0		)		630.0				—
Cash received from (paid for) receivables purchased		1,136.4				(1,136.4		)		—				622.1				(622.1		)		—
Interest on intercompany note received (paid)		0.2				(0.2		)		—				0.1				(0.1		)		—

^(a) Any net gain (loss) is the result of the timing difference inherent in collecting receivables and over the life of the agreement will net to zero.