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Related Party Transactions and Relationships
9 Months Ended
Sep. 30, 2014
Related Party Transactions [Abstract]  
Related Party Transactions and Relationships
15. RELATED PARTY TRANSACTIONS AND RELATIONSHIPS
KCP&L employees manage GMO's business and operate its facilities at cost, including GMO's 18% ownership interest in KCP&L's Iatan Nos. 1 and 2.  The operating expenses and capital costs billed from KCP&L to GMO were $41.4 million and $128.6 million, respectively, for the three months ended and year to date September 30, 2014. These costs totaled $45.1 million and $148.7 million, respectively, for the same periods in 2013. Additionally, KCP&L and GMO engage in wholesale electricity transactions with each other.  KCP&L's net wholesale sales to GMO were $1.6 million and $12.6 million for the three months ended and year to date September 30, 2014, respectively. KCP&L's net wholesale sales to GMO were $9.6 million and $19.6 million, respectively, for the same periods in 2013.
KCP&L and GMO are also authorized to participate in the Great Plains Energy money pool, an internal financing arrangement in which funds may be lent on a short-term basis to KCP&L and GMO from Great Plains Energy and between KCP&L and GMO. At December 31, 2013, KCP&L had a money pool payable to GMO of $0.2 million
The following table summarizes KCP&L's related party net receivables.
 
 
September 30
 
December 31
 
 
 
2014
 
 
 
2013
 
 
 
 
(millions)
 
Net receivable from GMO
 
 
$
36.7

 
 
 
$
32.7

 
Net receivable from Great Plains Energy
 
 
36.7

 
 
 
17.5