3. RECEIVABLES

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



	June 30				December 31
		2015				2014
Great Plains Energy		(millions)
Customer accounts receivable - billed		$	3.2			$	1.1
Customer accounts receivable - unbilled		123.2				75.3
Allowance for doubtful accounts - customer accounts receivable		(5.3		)		(2.8		)
Other receivables		75.1				86.7
Total		$	196.2			$	160.3
KCP&L
Customer accounts receivable - billed		$	1.1			$	0.6
Customer accounts receivable - unbilled		77.3				49.7
Allowance for doubtful accounts - customer accounts receivable		(2.8		)		(1.2		)
Other receivables		69.3				79.8
Total		$	144.9			$	128.9

Great Plains Energy's and KCP&L's other receivables at June 30, 2015, and December 31, 2014, 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 June 30, 2015, and December 31, 2014, Great Plains Energy's accounts receivable pledged as collateral and the corresponding short-term collateralized note payable were $163.0 million and $171.0 million, respectively. At June 30, 2015, and December 31, 2014, 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 each receive an annual servicing fee of 1.5% 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 expires in September 2015 and allows for $110 million in aggregate outstanding principal amount at any time. GMO's agreement expires in September 2015 and allows for $65 million in aggregate outstanding principal from mid-November 2014 through mid-June 2015 and then increases to $80 million through September 2015. KCP&L and GMO expect to renew these agreements for at least one year.

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 June 30, 2015	KCP&L				KCP&L Receivables Company				Consolidated KCP&L				GMO				GMO Receivables Company				Consolidated Great Plains Energy
	(millions)
Receivables (sold) purchased		$	(388.7	)		$	388.7			$	—			$	(200.6	)		$	200.6			$	—
Gain (loss) on sale of accounts receivable ^(a)		(4.9		)		4.5				(0.4		)		(2.5		)		2.3				(0.6		)
Servicing fees received (paid)		0.6				(0.6		)		—				0.3				(0.3		)		—
Fees paid to outside investor		—				(0.2		)		(0.2		)		—				(0.1		)		(0.3		)
Cash from customers (transferred) received		(356.3		)		356.3				—				(183.5		)		183.5				—
Cash received from (paid for) receivables purchased		351.8				(351.8		)		—				181.3				(181.3		)		—
Interest on intercompany note received (paid)		—				—				—				0.1				(0.1		)		—



Year to Date June 30, 2015	KCP&L				KCP&L Receivables Company				Consolidated KCP&L				GMO				GMO Receivables Company				Consolidated Great Plains Energy
	(millions)
Receivables (sold) purchased		$	(738.5	)		$	738.5			$	—			$	(389.3	)		$	389.3			$	—
Gain (loss) on sale of accounts receivable ^(a)		(9.3		)		9.0				(0.3		)		(4.9		)		4.7				(0.5		)
Servicing fees received (paid)		1.2				(1.2		)		—				0.6				(0.6		)		—
Fees paid to outside investor		—				(0.4		)		(0.4		)		—				(0.2		)		(0.6		)
Cash from customers (transferred) received		(716.1		)		716.1				—				(378.3		)		378.3				—
Cash received from (paid for) receivables purchased		707.1				(707.1		)		—				373.6				(373.6		)		—
Interest on intercompany note received (paid)		0.1				(0.1		)		—				0.1				(0.1		)		—



Three Months Ended June 30, 2014	KCP&L				KCP&L Receivables Company				Consolidated KCP&L				GMO				GMO Receivables Company				Consolidated Great Plains Energy
	(millions)
Receivables (sold) purchased		$	(380.9	)		$	380.9			$	—			$	(197.9	)		$	197.9			$	—
Gain (loss) on sale of accounts receivable ^(a)		(4.8		)		4.4				(0.4		)		(2.5		)		2.2				(0.7		)
Servicing fees received (paid)		0.6				(0.6		)		—				0.3				(0.3		)		—
Fees paid to outside investor		—				(0.3		)		(0.3		)		—				(0.1		)		(0.4		)
Cash from customers (transferred) received		(348.2		)		348.2				—				(176.5		)		176.5				—
Cash received from (paid for) receivables purchased		343.8				(343.8		)		—				174.3				(174.3		)		—
Interest on intercompany note received (paid)		0.1				(0.1		)		—				—				—				—



Year to Date June 30, 2014	KCP&L				KCP&L Receivables Company				Consolidated KCP&L				GMO				GMO Receivables Company				Consolidated Great Plains Energy
	(millions)
Receivables (sold) purchased		$	(734.0	)		$	734.0			$	—			$	(391.7	)		$	391.7			$	—
Gain (loss) on sale of accounts receivable ^(a)		(9.3		)		9.0				(0.3		)		(5.0		)		4.7				(0.6		)
Servicing fees received (paid)		1.2				(1.2		)		—				0.6				(0.6		)		—
Fees paid to outside investor		—				(0.6		)		(0.6		)		—				(0.3		)		(0.9		)
Cash from customers (transferred) received		(715.8		)		715.8				—				(377.3		)		377.3				—
Cash received from (paid for) receivables purchased		706.8				(706.8		)		—				372.6				(372.6		)		—
Interest on intercompany note received (paid)		0.1				(0.1		)		—				—				—				—