ML20076D778

Annual Financial Rept 1982

ML20076D778
Person / Time
Site:	Wolf Creek
Issue date:	02/04/1983
From:	Cadman W KANSAS GAS & ELECTRIC CO.
To:
Shared Package
ML20076D771	List: ML20076D768 ML20076D778 ML20076D788
References
NUDOCS 8305230570
Download: ML20076D778 (32)

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Management Letter Page 2 Regulation Page 10 KG&E successfully faced the severe economic Retail rates increased in January 1982. A new retail downturn of 1982 the same way it overcame other rate request was filed in August. Three requests difficult times-through innovation and action. are before the federal regulators.

Results of Operations Page 4 Employees Page 11 Although residential and commercial customers Even with high technology, our success still used more electricity in 1982 than in 1981, depends on employee performance.

industrial use was down, resulting in an overall drop in demand. Operating revenues, however, Financial Management Page 12 increased. The common stock dividend was Volatile capital markets make flexibility a key increased for the 27th time in the past 27 years. element in financial management.

Power Supply Page 6 Management's Discussion and For raore than 10 years KG&E has been shifting Analysis of Financial Condition generating capacity f rom natural gas. During 1982, and Results of Operations Page 13 new coal units supplied 64% of our generated electricity. Two units are under construction-one Financials Page 16 nuclear and one coal fueled.

Directors and Officers Page 28 Customer Services and Load Management Page 8 Service Area Page 29 Aggressive marketing activities are showing customers the important role they have in StockholderInformation Page 29 determining cost of service. Project DESERVE is a unique plan to help elderly and handicapped pay Our Company Mission Back Cover energy costs.

Right: At KG&E s system control center.

coreputers monitor the pnce of avadable ' "

c' ectr, city over the entire south Aest operators use the data to see that po Aer f rom tonest- ,

cost Generat.on sources is used to meet -

^^

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customer needs thrcughout the KG&E system - ^

Far Right: High technology supports most of -, s~: _ . _

KGSE s vaned Aork groups in June the mes' "I 'g '

disruptive storm ever s Aept throuah the "O '

-/f 5 wenita area Linemen and support groups Acrked around the clock It Aas stat four days p fiiT "C( JdL P

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before au customers had po Aer restored But I l '. :I- 3

=

mthout a computtnzed system to he'p loca*e g h f troub e spots the Aork could have taken t Ao g l 4h_

,f.8 Aceks managers est,ma:e ~ ~f -

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(Dolkrs in thousands except per share data) 1982 1981 1980 1979 1978 Operating Revenues . $350,937 $313,093 $293,808 $244,970 $238,460 Net income . $84,663 $65,975 $52,395 $29,220 $28,964 Eamings Applicable to Common Stock $70,521 $53,060 $43,208 $21,003 $21,880 Average Shares of Common Stock Outstanding . 23,503,302 18,631,479 14,562,746 11,400,916 9,615,051 Common Stock Per Share Data Eamings $3,00 $2.85 $2.97 $1.84 $2.28 Cash Dividends $2.15 $2.06 $1.065 $1.91 $1.825 Indicated Year-End Dividend Rate $2.24 $2.12 $2.04 $1.94 $1.90 Market Value Year-End $18.375 $14.875 $14.625 $15.250 $18.125 Book Value (Moody's Net Tangible Assets) Year-End $19.66 $20.08 $20.22 $20.70 $21.95 Available Capacity (Kilowatts) . 1,944,000 2,026,000 2,023,000 1,968,000 2,031,000 System Peak (Kilowatts) . 1,547,900 1,681,100 1,727,100 1,473,400 1,532,600 Average Use Per Residential 9,529 9,433 10,708 9,496 10,136 Customer (Kilowatthours) .

Average Price Per Residential Kilowatthour 6.05c 5.04C 4.57c 3.97g 3.78c Nurnber of Customers at End of Year 234,972 233,421 228,992 223,413 217,649 Long-Term Debt . $613,781 $607,256 $451,608 $386,519 $374,071 Redemption Required Preferred Stock $95,855 $82,000 $53,000 $54,000 $30,000 Net Plant in Service $ 610,746 $ 608,498 $ 610,846 $557,088 $558,785 Construction Work in Progress 812,297 613,874 453,640 356,361 195,002 Total Utility Plant (Net) . $1,423,043 $1,222,372 $1,064,486 $913,449 $753,787 Total Assets . $1,515,517 $1,300,495 $1,137,883 $983,637 $822,377 v.y m_,--...-,.,_.._.y,_.,_. ,_,,g,,,,-- , _ . ,.

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~ ~ :. u .:c :- :as, KG& E successfully f aced the severe economic down-turn of 1982 the same way it i overcame other difficult l times-through innovation and action. Here are some of the results in brief.

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Operating revenues of rt mE '

S350.9 million were recorded -

in 1982. an increase of S37.8 (,

million or 1230 over 1981. The _'.

increase resulted primarily l-from a January increase in '

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retail rates and an increase in j -

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fuel and purchased power j -L j '. .

costs collected through the a. .' ,e '

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KG& E's Diversified Industrial Revenues Percent increase 1982 1981 over 1981 Energy Production 'a S 21 f>4 5 - ,

+

7.833

• 5.086 908 -

l 35 472 4' Natural Resource 17.861 '4 7.752 '

2.877 28.490 .

Manuf acturing 15.462

• 7.2 54 3 886  ;

1.661 *

• 28.263 Agricultural Food and Kindred Products 4.001 >

2.910 3.370 561 10.842 -

Service Related industries 6.125 Toial $ 109 192 - 4 i

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Ten years ago, almost all of ,

KG& E's generating capacity i was natural gas fueled with oil '

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1 as a backup.

l In the 1960's our gas ~';' '

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needs. In the 1970's the natural ,,

gas shortage became so , ,

serious that in 1978 Congress ,

banned using gas in most . n ,- , ,

large utility boilers after January 1.1990. - -

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Regulation affects all Commission of a $48.9 million on projected 1978 expenses was aspects of our business. annual retail increase. The rate not, however, fully resolved until Rates for the electricity we sell request was based on expenses 1982. The FERC has not yet acted are determined by regulation. 'ncurred during the 12 months on an additional $2.2 million yearly ending December 31,1980. wholesale increase filed in Meeting regulatory A new request for increased February 1980.

requirements has become a retail rates was filed with the KCC Another wholesale rate increase

! significant cost factor in in August 1982 seeking $48 million was filed with FERC in March 1982 l building new power plants and annually. The request is based on requesting $2.1 million annually.

other facilities. Operating costs dunng the 12 months ended A request for new permanent expenses also are affected by March 31.1982. A KCC ruling is rates was filed with FERC in the cost of complying with the expected pnor to April 10,1983. January 1982 when responsibility hundreds of rules and Three rate requests are before to supply power to eight rural directives from numerous the Federal Energy Regulatory electric cooperatives was shifted local, state and national Commission (FERC). Allinvolve to Kansas Electric Power wholesale rates for electricity sold Cooperative. Inc., following the regulatory agencies. to municipal systems, coopera- purchase by that organization of tives or other utilities. a 6% interest in Wolf Creek Current rates for retail In 1981 collection of a $1.3 Generating Station.

customers became effective in million annual increase in There is no time limit on rate January 1982 following wholesale rates, pnmanly from cases before federal regulators.

authonzation December 31.1981, municipal systems, was approved The KCC is required by state law by the Kansas Corporation by FERC. The rate request based to act on rate cases within eight months of filing.

'~ ~ ~ ~ ~

Important milestones in the licensing of Wolf Creek Generating Station were achieved

. in 1982. The Advisory Committee s b.: on Reactor Safeguards in May issued its letter supporting the application. The NRC issued the

---

Safety Evaluation Report in April

[,"{ and the Final Environmental

• Statement in June. NRC hearings 1

=;.;

1mmmn are expected to begin in 1983.

, j "*;]' g DITI , Although the KCC approved

_ g;;;;;;;;;;; [ys,... ,, i sale of our 136 megawatt interest 3j;;;;;;= [ i in Jeffrey Energy Center Unit 3 to

=

Missoun Public Service Company it did not approve a contractual plan for recovering the cost of electncity we agreed to buy from MPS Therefore, the sale was not completed.

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Even with extensive ap- Employees received a general the tools and resources for plication of high technology, wage increate of 6% in October efficient use of time and skills.

Our success in meeting cus. 1982 and will receive an additional Likewise, the company remains 4% increase in June 1983. Some committed to securing the most tomer needs still depends liberalization of vacation benefits f rom its capital investment through directly on employee highly quahfied employees at w s made in 1982 with additional Performance. In 1982' liberalization scheduled for 1983. all levels.

employees again demon _- Training and educational pro- Staffing Wolf Creek Generating strated their commitment' grams continue to increase. More Station illustrates how creative resourcefulness and skill. than 50% of employees were approaches are used in meeting involved in company-sponsored personnel needs. By starting to The most graphic illustration of programs designed to improve job organize the operating staff when i

this came in June when " gust performance. Also,64 employees construction of Wolf Creek began f ront" winds struck Wichita and were enrolled in university level in 1977. a highly-quahfied several nearby communit;es. The classes with partial tuition paic management and operating group storm tore down more than 100 by the company. is now working at the plant. We transmission and oistnbution poles The Lineman Apprentice Train- continue to develop training and structures. Thousands of ing Program continues to produce programs through Kansas State customers were without electncity. skilbd line employees. This is a University and Emporia State The most difficult to solve cooperative company-union effort. University. We also have our own problems resulted when falling Each worker is equipped with highly-auahfied tra;ning staff.

branches knocked out service lines to individual customers.

Employees worked around the clock restoring all service within four days. A computerized system pinpointed trouble spots. Without this aid, some customers would have been without electricity for as .

long as two weeks.

Employees at Ripley Generating Station hold what is beFeved to be the nation's longest power plant safety record. There has not been alost-time accident at Ripley since it became operationalin 1938. /

Fourteen employees received cash awards for suggestions submitted under the Employee Cost Reduction Plan.

The majonty of company employees own an interest in the I

company as a result of stock distnbution through the Employee /

Stock Ownership Plan. In addition.

412 employees are buying stock

[ '

each month through a payrNI  ! g deduction plan. F, i l Right: TN L rwr Acm r + '3"rg Pragmm ccrdr ':1 :15ac ac" Y

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" i management. KG& E's suc- ~

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Construction Sale of Properties Dr.ersif. cation of generat ng fuels. the use of lo Aer Negotiations began in May 1981 for the sale of the cost fuels and the need for rehable and adequate electr.c company s 20% <136 MWi interest in Je"rei Unit 3 to two ser.,ce nave been the basis for the company s construc- of the joint owners-The Kansas Power and Lig;,t Com-tren program Natural gas nas the companys pnmary pany (KPLi and Missoun Pubhc Serwce Company tMPSi boder f t.el a,th od as tne back-up. unto 1973 Ahen the first in Apol 1982. KPL. the pnnceal prospecince purchaser.

of the four present coal-f red un,ts was completed By the Aithdrew + rom negotiahons mid-1980 s the company wth be able to use coat. nuclear. Discussions cont:nued W:th MPS and in August 1982 gas or oil as fuel MPS agreed to purchase the company s interest As a Net construct.on expenditures are expected to peak cond t on to the sale. the Company agreed to purchase 136 in 1983 and 1984 The table below shows actual expends MW of the power to be generated by Jeffrey Unit 3 for tures and allowance for funds used dunng construction three years However because the Kansas Corporation I AFC i in 1980-1982 and estimates for 1983-1985 Commission did not permit the company to include in rates The majority of expend,tures have been and wdl be for a portion of the purchased pov.er costs a+ter the first year.

Woif Creek Generating Staton Jeffrey Energy Center Unit the sa:e was not completed

3. scheduled for completion in June 1983. and Wolf Creek The company had been negotiating the sale of up to 90 scheduled for completion in tne spnng of 1985. are the MW capac,ty includ ng up to 4 5:c 152 MWi ot Wolf Creek only generat<ng un:ts planned or under construction As and up to 2: 0 (38 MW) oft ne eusting La C3 gne Generating est; mated in Nolember 1982. tne company s 47% interest Staten to Kansas Municipat Energy Agency lKMEA) 4n Wo!f Creek Ad! approomate $1166 bdhon or $2.157 per !n May 1982 KME A adwsea the company that it wou!d not ndoaait Throuoh December 1982. 5706 milhon exctusn.e purchase any of the capacity of nuc: ear fueIcost. had been spent by tne company on No further safe by the company of an interest rn Wolf tne nroject The completed cost est. mate assumes annua! (; rees or other generat;ng capacits is presently ant.ci-cost increases rang ng from 6 3% to 8 8 :. and an AFC ret pated Howeser. the compan v is acte.ely pursuing the sa!e rate of 10 22- of partic pation power The construct on program is continuany men,tored 'n bght of load forecasts. f;nancial and econom.c cond t.ons and other f actors 1980-85 Construction Expenditures

, Thousands c+ Doha s

• Actual Estimated 1980 1981 1982 1983 1984 1985 Nuclear Generaban i Wo't Cree * > 5144 442 5111 457 $ 171412 $202.73 < e194 504 $ 55.707 A? Omer Corstruct.on 47.797 61 685 57 126 48 959 57 623 52.168 Totat Construct on 192 239 173.142 228 538 251 696 252.127 107 875 Nuclear Fuel '14 818, 14 008 (2271 5 699 18.830 14 548 Total 177 421 187.150 228 311 257 395 270.957 122 423 Lo% AFC 38 871 60 101 66 117 85 989 *05 393 39 646 N':t C "s' uct.on Expend tures $138 550 5127 049 $ 162194 51714C6 5 9 564 5 82.777 Continued next page

Financing Requirements. Liquidity The company has two long-term bank loan facilities.

and Capital Resources each making avadable up to $100 mdhon on a revolving credit basis The first expires December 31.1983. and the Construction expend tures are typica'ly financed <nitially second August 31.1986, at which times the facihties are Aith short-term borrowings and are then refinanced with converted to three- and four-year term loans, respectively.

long-term debt. preferred stock or common stock Total As of December 31.1962.$100 mdhon was outstanding 1980-1982 capital requirements are summanzed :n the under one of these agreements The other $100 mdhon is tab'e that folto^s available as needed The company regularly sells commercial paper with up 1980-1982 Capital Requirements to 45 days matunty Rated A1. P1. the paper is supported by tThousands of Dollars, a bank letter of cred.t (LOCL The LOC agreement. which exp;res July 8.1985. was increased in 1982 from $30 Actual mdhon to $50 mdhon. and $50 mdhon of commercial paper was outstand;ng at year-end 1980 1981 1982 A $25 mdhon banker s acceptance facihty. which is col-Net Construction laterahzed by fossd fuel insentory was extended for an Expend;tures $138 550 $127 049 $162.194 additional three years to February 28.1986. At year end.

Add Sinmng $23 mdhon was outstand;ng.

Fund and Debt The company s indenture contarns provisions 'vhich re-Matunt:es 1.000 1.046 23 202 stnct issuance of add:tiona! bonds. Under the earnings Tota! Capital test. which is the most hmiting. as of December 31.1982.

the company would have been able to issue $108 mdhon Recarements $139 550 $128.095 $183396 of bonds. assuming an interest rate of 13'c Under the property test as of December 31,1982. the company had Sources of capdal for these years Aere as follows.

601 mdhon of unfunded net property additions which were suff cient to issue $421 milhon of additional bonds i

External 87 8 % 97 0 % 934"= The company s Restated Articles of incorporation con-Internal 12 2 30 66 ta.n no f<nancial tests hm;t;ng tne issuance of additional Total Sources 100 0:- 100 0% 100 0; shares of authonzed preferred stock

"" " 9 At the end of 1982. the cap. tat structure of the company

nc!ud,ng short-term borrowings and secunties due w; thin AFC is an accounting concept which has had a signifi-one year was 39% common eau.ty 12% preferred stock cant impact on reported earnings in recent years and 49- dect On a pro forma basis after taking into Net insestment in company plant and facihties which account tre sale by the company in February 1983 of an presently provide electnc serv ce to customers is generally add,tiona! two mdhon shares of common stock. the respec- referred to as rate base investment in construction prop ive ba!ances were 40% 12% and 48% Add tional new ects not yet completed is known as construction work in f:nancings dunng 1983 are expected to include both debt progren i CNIP!

and equay but the type amounts and t, ming ad; depend Under Kansas lao. the company generally is permitted upon cash requirements and market Cond t:ons The com- to earn a return on money invested in rate base. but not on pany s f.rst mortgage bonds presently are rated Baa 3 by money insested in CWIP Moody s and BBB- by Standard & Poor s Inabihty to earn on CWIP dunng a penod of heavy A ccmplete discussren cf 1982 debt and equity financ- construction and high interest rates has an adverse effect ings is on Page 12. under Financiat Management on the company s f'nanc:al condition. The degree of this Flex b I ty in timing and pr;c:ng nen secunty offer.ngs impact relates to the amount of CWIP in relation to rate in 1983 Am be a:ded by the Secunties and Edange base At tne end of 1982 :nvestment in CWIP was $812 Commiss;on s new Pute 415. or she!f reg stratton pro- m il,on. ahereas $611 m lhon of plant and facihties was in cedure Shelf registration permits a company to quickly rate base issue secunties when market Conditions are favorabfe AFC represents the Carrying Costs associated with and reduces expenses Three mdhon shares of common CWIP which does not earn a return from customers rates stock were issued in September and October of 1982 These carry:ng charges are added to the cost of ConstruC-uynq this method This technique was Nso usr_id for the t;on and are included in CWIP on the balance sheet too m Aon shares issued <n February 1983 AFC is also added to income in a like amount and.

The Federal Energy Regulatory Commission IFERCl a'though tNs increases reported earn.ngs it does not in-has authon/ed the company to borrow up to $100 maon crease cash flow on a short-term basts and the company has ban cred t AFC or non-cash earnings. Aere $66 mdhon in 1982.

arrangements for in s amount As of December 31.1982. $60 menn in 1981 and $39 mdhon in 1980. and for those the company had no short-term borrow ngs , urs reptwnted M 113 and 90 mspectively cf l

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. 4 Management Statement of Respons@hty for Financial Statements

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ViT :YiT: (s'T-T: . . WF U/e Statements of Income

> , n 1982 1981 1980 T-Operating Revenues (Note 2) $ 350.937  ;

'G

4 -

Operating Expenses 128.043 ' ;~ '

19.587 ~ -

o- 39.179 s E

29.064 ' ' - -

27.288  ?'" e 13.419 '

28.447 - - 4

. 4-285.027 2: '4 Operating income 65.910 ' ;' ' + +

Other Income and Deductions:

, .* 46.948 ';

+' ', 1.327

'- 4-r

- , 4 (893) '

377 47.759 - - -

Income bef ore Interest Charges 113.669 * ' 4

• Interest Charges 61.650 <.

r l 4.508 * - .

l

. 916 4' i (38.068)

• 29.006 - -

• l Net locome 84.663 <

I Preferred Stock Dividends 14.142 > d Earnings Applicable to Common Stock 5 70.521 - - -

Average Shares of Common Stock Outstanding 23.503.302 '-- - ~'*

Earnings Per Share of Common Stock S 3 00 - ~ +

Statements of Retained Earnings

(

1982 1981 1980 i

r f 6 Balance at Beginning of the Year $110 949 -

Net income 84.663 -

201.612 Deduct 14.142 52.253 673 67.068 Balance at End of the Year 5134 544 I

I l

a s ._r_ m , .: - -

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Balance Sheets. December 31.1982 and 1981 1982 1981

.Tm asanas c + ova s.

ASSETS Electric Plant - at Original Cost (Note 6):

S 856.632  ; tG 2C6

. s 243.886 J2 ' '06 610.746 ',08 496

- 799.990 6C ' 340 12.307 '2 =>34 1.423.043 ' 222 372 Other P,operty and Investments

- N . ' 14.010 173 3

.- - 14.183 '73

Current Assets-2.537 2 48'

.is 4.700 '

000 4.887 6 4E8 24.035 ' 9 'e i 24.922 2' 996

4. 1; 8.770 's 188 r s. 1.076 905 70.927 ~ e45 Deferred Debits:

, 5.535 32*6 1.829

• eb9 i 7.364 ' ' 05 l

Tota: $1.515.517 5

• 3X 495 1

i LI ABILITIES Camtahzation

,y..a c<

-, 4

, . S 383.781 5 2': 4

- 134.544 "43

, , , 857 2"2 i 519.182  ; d' *> 5 2 l . 63.701 3 '

l . , 95.855 M2 ' ~

r ~ ' 2%

j 613.781 i

1.292.519 44 6 %

1 Current Liabihties:

_ .,~~-

50.500 1 45.016 + ?'A 2.015 ~-

6.786 4 * .

16.336 +-

i 3.905 <4'4 165 -

I 124.723 - -

i i

Defern a Creans

, 69.053

. 26.390 -

1.825 397 l 97 665 -

R ,4 ,or.o f r.:r in;urtes and Damages 610 Comrniinmnts and Contingent Liabiht'es (Note ici Total 51.515.517 -

--- --- my_w_x-5pm_

". 333 .. an. -

rC e mpaW i i

l i

1 Statements of Sources of Funds for Construction i Fcr " . %ars Er a 'd DM Pr"De 3 t 1982 1981 1980 T" ,rus 'D a s. j Sources of Funds Fr - Ocerarcos

% nco" . S 84.663 5650 5 52 395 Mr-casr cha'ces icrec ts tc "ot n' c*m -

D.;crecia*t< 27.288 26 5's 25 368 D+4rrea - f e 'ai an -n s estavrt ta = - ] - 27.083 6 053 9 394 A. ..a"ce hr + /,as used c/nq cc"sv' ,1AFC- (85.016) 60 ' O ' . '38 871:

AFC n ed is or KEPCo aa.anco -

9d' 63m

%r "et 916 "D 4!2 Fm"ds 'ro"> r pera' - o s 54.934 23029 55 0 ~

D 3 nas, 66.395 ,!;'C 3B 6'E Foras reta red'use n Dus resy (11.461) 2 441 16 212 c,

,, F ran - q Lrma '. r 1

. et xc oas 67.095 'A~u * ' 05 S,3 tes eco -N c c (23.202) 1 046 '

000 pre +e ue stoc.

15.000 3C _ x

&","sm. 109.370 & 006 9 006

.est~~ n sons c x , - ', x (13.500) i, . q u 4,.ge as,. ns r ,. won te ,

, , at (4.775) < 20 P '; '6'm Fanas +- +r~ ,a 149.988 2 ' 1 ' V- 1 J' e!

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'wr estoCrct,%EPCrs^w _

+

• sa + ;

o Aa.a'ces -

9i Ancroea Meros' -

24 02s

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66 e + : ~i i  ! r .as.p a.x eas., ,, , can ta. + . , *r s, , . . , , ,, 77 , . , r q 3 a r 3 g.- , , c. s -, , .

. '""ene er ?4.824  !!' 25

' * + + (1.157) e o ~; 652 Total Funds Used for Construction (excludes AFC) S162.194 i o' E49 i'36 550 n e 4, q s,

• 4 4_ mi , se ' r it - , m -

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1 NOTES TO FIN ANCI AL STATEMENTS

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1 Summary of Significant Accounting Pohcies Electnc Plant '

• i ,

map- '*

System of Accounts '+ ' - r, -v. * * -x 4 a;- *a - y . :1 . *-21 y

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Allowance for Funds Used During Construction - *

. .t.

. 3 oq,. .

. 4 or..., u s os, .

a rr-M - 1

+

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++ " ' t- 1; ; _ 4* ,<t*

2. Rak Wtters-

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+ n r '. < + '- <'s "s,.

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• - sga a ..si ' r ease reta o ,pr u,js b,

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"y 1 uy , ev n 4 c g_ . . , .v .. ,.p., . , ,

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- r . .et , " FERC' , - sor t

, Kansas E e -

Dep reciation - r ' '

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'  % so 'atos . "'e

+

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+ 4 , -..

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'3 ide5 *.a . O L' * ' 5'

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a.aa, 4 99 m cna , + % . + FERC'

.c . - 4c .

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, income Taxes - '

' ' i. ~ .

, 5:

cm ,3 ..,,,

! , .so s > - , .

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+ 4.-- . , + _ ,, ..

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+

x , . . , , . . . .

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m . .. m 3

. < , , , , ,1, ,. ,

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. , i .

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3. Short-Term Borrowings:

a , - - 4 w - , . ., , . .r 3: < p; " , O . a, ,

r a- : e' - 3 c,,a ,, .

.

• r 4 o . r , s-+ + . < sy , gy , $

't' 'Dt'!. r r$w+' n,6 h . . ,

+

~

4 or. . m. * >y - " ,FER'b. ,

% I,

-4 6 +

j . . b [

j P I ,

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..e ,s hd" - '

fa "

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+

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j , ,

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h

- w. ., >- m.qggagygga_rner _- _x __

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4 Common Stock and Other Paid in Capital:

+

3_ . ., r .,s s n a. ., am m A' *

" " " " 4 500 1

1 1 ~

6 000 1 -

15.000

. s 30 000 563 701 Redemption reqJired 515 855 10 000 15 000 10 000 i

i 30 000 i -

15 000

- '~ '

1: - 595 855

.- . , i.

• % ,} I Y- .

i 5 Cumulative Preferred Stock: - .:. ',

Decemte- 's !

M g M 1 s* .

i l

5 M 201

- MM"M

l l

u. *

. . - imm an "'e use sted , r ,nd - d-1 6 ser:es d~" 2001 35.000 35 N

e. <

• 4, mrar,rss /". ssoa r ce B36 r se.es.ou .002 25.000 3 iH a

. . i  ; r< ran, a: an.>%.o s' ' ", 68' seres t+ 2004 14.500 14

, , "r

• e a o e t sr. .v % "; * 'e M 8 5**"5 ' " )C 5 " 40.000 .c i ' D l

E '.z r J Cn A Sers P*e'er . O S. . . r 6-3 8 . s"nes Le 20C 0 25.000 . Nu

.. ,a s.,c,+. y a m ,4...< ,

1srs, 8-1 J seres dme 2007 25.000 000 6' ser:es dur2007 10.000 10 D ',;

Senes Date Eff ective Cost m -

+.u

<e sene' a ec,o.u,, 21.940 .

• / e '

19c5 9* 8 ' 8- ser.es * " we m 30.000 _ 30

• / r

• 1966 ,

5L L..ss u ,ta n set ur ' , .s Ac 968 1k' neid b, Trus'ee U la

' ' ,' ,' w^ " u.3 (374) h e '1

~

Tctai 436.566 m -

• p, , - J. + r a 50 000 s%c, s m a r f., .g +g..g; i- ,

es_ hn 198 ' c m ro;rm ,; 1 N n c : i: ,

, . ,q <n,cp: n

• r to 52 42 3_34 3.g,..s Le2003 15.000 ' A Ouu 4

+ er" ,, es t,, A; r J 1 1999 r * ,b-3 4 crom ssc m, rn'.

, rce"';1 cd an". ,? 40 000 as 1969 39.400 4 xa m "m c ' a0 000 sna es * "' Ter'n Dri. Mr t .. ' 9% -

, i+.m

.A,< ' 19sc St:, . r ,+n j , is

• Cred t agreen " ' 50.000 3 DN c , ,

". n < us + - ,

• m3s - q 97,, c7 3 g;cgg7ayc_ g agreern nts 23.000 ' W

, - - .. m, . . >o , ,c

i. ,.,"t_e,a ,2- r ,1,,,q nan . gan i .

4 o u+sr,esn, ,< 201 and du 1990 100.000 Na" ,

n ' 3 333 s* ace' prom sscrg rm e-Jel Q*

• a, -

' o mo

, m ,. - -

o, n e ,, 9 e o'- -

• ' Other 316 M '3

i. ..a. , , - + , r i y. , a. , ,p , (.s,,

. #. 4 ._m ..

Una"wrtsa pre- r'

• ,* , * * <,, * (,, *

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• dm* M (1) ic

. . om n. na_ m n_ < r i , ,3~ ,4 4 y ,;

c. ' , , ,t< - . , .. n u. 0u , ' r Jo .

Sutsta; 664.281 6 ' i ; 5*; -

,- - Less smur ' rs dao. "

c .  :. c os ~ ., J,,. ~

.-.,4

. . , "~ . , .,,

s.,..>. ,, ono rar 50.500 t

, o,,- . trat sr, ,, A; o ' 1991 i ta' 5613.781 500' M

+

.- . , an . < ,

• 6 0 000 m e . - ;,, , -

i - ,

. s e m , , . . , r g. , ..e o , s,e o ,,

, -e

, r, r .

.t <

t ru c . ': r " , 513 .7

,, 5qg ;.00 000 r, ir% CU; 0'D ' W i .

4

,,

• rr

,r,. .

r

so rs.

,4

, ,i' 'oF1 r p . . + m e'

~ ' -- . -

530 3 db by.,aU . , ;'" ! * ,

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..s

?

F :rst '.t r?caa" B:.mds ma ,- -

5+ su n a: '

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am .

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h. rm : 4 ta . .a .

g g ,, 4 g .3 ,, .,g, .,4., ,

4 14 . as su ,Jen "'"a i Wrtcpae < Ew' , a" 'mh 6 Long-Term Debt: m' ' ; ?"e an ct 'r e M '!'M a" o. e; * ' . " e s;' *at' 4 December 31 "4, "r" l 1982 1981 T r<j u par, wota w : , < ,

m+ 4

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o.s- *t.

>. y n s ,.

, cw pJrc,s r.: n" s +< , Ar.<,s w w _, .. <

l .

4 ,

_m 2 $ -

5 's J.:,r' '%' '+ o' * . , t . "a' . . . 'r in '

wa 10.000 9 000 " "o r e , - - ,

49 15.000 '

000 It"E' ' r ' '- 1 4 S" '+ 1+,o" 9 "s H 25.500 J5 EGu a* 2004 ed '8 1 't + ,> *. . '

.c+

4 - - , , , +

'+ 10.000 10 000  ; :" 'a" # a s ; U .1'e'a ' R ; *

'0+'  % " B- s

. . , s, 7.000 ' n - ' '. Krse  ?- r,, ., 4 ,.

l

. ..s -

'+n' 30,000 0 0iX> B. *

"o "- ' ' " ' + ' ( ' " * * '

s t , ,

, << 7.000 w>,

> T~

c'

. w.'. . .

' v. c .

c ' -

3

- '4 <

30.000 . N>q *

• "!'+ . - 4 .

16.000 ' ""*

.. 2s.000 .'*',Xc 1' - ,.,,

35.000 4

- . - - 2 -- - m. = , 1 m- -- - -

".RSSS  : - Sn EUyrC ]mpan' e

l l

1 rme: is G n .c ' E c tr. 1 '. r ,;it 4 E ur+- , I' 9. Income Taxes:

, m , s f r' < >rtgage bmds 15-3 . ',<es. .i. ',

.s.... .

f.,, 4 +i.

.< .t., f., r- m r 4

. .- u o err a, 3 c c+ 540 o ,

c. , ,, e c, .s ; ,

,, g, , a; ;.: ,

, .. y r. o ., y .f .

r, ran s

.m+ , .ar f :e. - rs ss 4 * ,*, * < c, ,

. ,,..,,r , . ,,.s n , rram _ ,;s , .. r, ;g .a

,l sP' '+N.' IE'_

, e i Ic t L;e ' '"' ',<i'+

e+ <

arw u<ritert,

• 51D0 "io 3- < ,- ', . 1982 1981 1980

• i. m; red i .nta Dece"ter 31 M? 3

• i W.en t , a Y i' .

, s+ +

• T we ta -

,,yr.ero n , " r g. o pre;;a, re,+ an, . ,

.c. 46 o 4E 46-

,,w,TN ," g"+rd a , erag-c ee r f, 4 4

+' .a3 15 e 'o r 862 an

• 2' 2- '* 'e' A . .. c "s 'ar tnas us+-

..bo txance .tstand no at D" + ' * + ' 3' W '

• 2 ' or (20) 31 <23

' . ,. +

aa,.. ,,r+ , a m ;;-res t,n 9%. 4 - <. , w gra an+ .

+ " > C <: .:an, !c se L 550 ' <

,r ' " '+ c et at " 1 1

,~st.,,t r+ d c, a ra - , + rr c'croceand ni - ,

1o e3 c.4 ,

, so w

-a- r. s,ogtreeieans T". e, e, +v:4 a . . raa, 3- ta n , .- (2) ,3- 3

• 'a *, o s ,,as 13 i t;< '982 3" ' 'r. -

A" r+ / '

"st- +

NM :a . < r. 4 -

(1) ,! 2 n cw .i . , on . i ; r. -

• - - , o , c. *, r, - o e-en ..e  ? %6 nat!e " e Co, ca", N '

r b , < ua'. w z ng ts ma at 1% " -s -

(1) 2 c f.~ nased : cr4 " , narw s a sen+ a" 4 aa e; ,

, 7,, , , .,,,,,

c c;. m, e,sgn:e a. , rag + ". . n:. s

• ran  :.y , -

23 o 11 '9

, .a ,13 4 'c r 1982 aN '6 ' - '. -' 1 % ?

. oa t 4 g 4m.1 w ,

+

in. ,,.,am ,,,.,,4 4 pr g f,ow.,, .

wome

, pr~. +ae, ,

..r ee * ,an . Se .> 1

.-. . ,a.., . ., a , . , , n. ni. _ - .. , , . .,a, 1982 1981 1980 1 o 4 f ,

+o ., "

+ ,

+

, T*. . . .i. um" ' ' D ' 'a'$ >

a ., , ,%

4 g3 e .. q ; 4 *'f q+= ,'s-

'- .su,- r ~ N:r31^ > * :* <f L ' '

- a<'

o . , , ,. , a ,, , ,. .

.i-F r. + a S 948 -- ' 6 3 "- -; 3 642

- .  ; S'a - 416 30u i062

>,r*

- - R <* o 6.578 6653 6313

7. Finance Subsidiary: S:/, 1.035 ' r ' 019

' . . o . .

y; c,os".. +

, , , . 4

• e a- ,

.. ,. - . r. .

...,-,. , .. ,x.. , M< > " , '

18.899 t., ,

, . m, , . .g ,,.. .

' - E <i * ,

". 1* 5 15 ( 2 <15 a ' t'. ' ' '

' n .1 ' f l

'-  :,s a c , , is , r4+.

• A;. ' w , , c ,

• 571 04' 2 062

,, ++

s 4

can , + m f. E f_ 4 , , cs - +

' .i 28.447 b'O 14 09d

, s.. . . ,r ,

f , 4, , , , 4 4

.s.

, a 3, i

rs+>, + " ns .g, , ,

r

,., i , 2,,

1

, , ,,;i 772 *^ 352

8. Retirement Plan: W+ 121 'a ou

'. 'a 893 ^- 40s

, .c, .-

is a s n,. . . . . . _ .s .- , ,

r . 1~ ii 4 . .. ,, 1,  :. , , - m. .

S29.34G - '. "' 514 m

) ,

f , ,

,.f, as , s. 4 ,,

e . .c,4 :p ' - r . +

, , . .o . + + ~ , : y. 4 " , , J

. . .,, +u, ,,--4 m <, l

, , c , 4

,e , . , ,

. '

• r ', ,.,is

.a 1 .* ,

r, , . 4 1 - ' . ,

+

10 Commitment s and Contingent Liabihties:

, ', w .

V

• t

. - y- ,s,. - - p a; - . .p, ,m. , < ; w .; g.; ; y ;., _

suOstan*:a: purchase Comm iments in connect on A.tn b 12. Joint Ownership of Utility Plants (Unaudited):

mostruct on program Company s Ownership at December 31,1982 On Janua";27 1983 inre" Kansas munopaltes fed m- m ,e si costs A cc um senice ment in Through Prow + on Per-a '

n the Federa! D:stnct Court for the Distnct of Kansas Dates (a , %H orn 1982 for Depr NA6 cent n 13.J1 m, ' on in damages for a.leged ,;olaticns by se,

're C0mpam of Federa! and Kansas ant, trust la As The u 1 (b>

k#)/

19<a _ 10,e d ,.1 3,, 0 50 mmp:a r ' a b'ges that tre Company unlawfuHy has re-fused to Aheel Anolesa'e peaer for these munic:paht es La C gne7 -

Ma, u2 ibi 14, ,, 1 1,, _

'b 31b D0 tn 'e ":e outcome of pend nq htigation cannot be deter.

04

'"e Ccmpani :s cf the op:nion nat these aleca-d"

= l ici J"I 197e 68 10 138 20 t,cns ao , thout 'ounda cn Je'frey Ma,

11. Quarterly Financial Statistics (Unaudited): u 2 <c) 1980 54 5 136 20 iThousands excep' per snare) jeffrey 1982 = 3 tci 1983 83 an 5 75 136 20 l 4th 3rd 2nd 1st W Cree.

Ot r. Otr. Ot r. Ot r. u1<de 1985 1 166 r e i 706 541 47 0;:e r at m.

Re < e3 57G513 5107 823 577 537 586 064 ,a Tne Company s needs me moncored and its fore-Or erd' nq cas'c reused as needed to minimee construction Com-

,nce " 14625 24 539 12 240 14 506 pietto- aates are changed to meet chang ng needs N m !n i '

21.950 29 282 15 645 '7786 Amounts are estmated for in-service dates a'ter 1982

' (Di Jo:nt!p O Aned mth Kansas City Pow er & Light Ean e Ap. cac + t- Company Cc mm :Str 18 : ? 25 869 12 233 14 369 ici Jo:nt4 oaned adh The Kansas Power and Lignt

, As w:~ Snmes Company Central Teiephone and Utsties Corp and M s-OuNm * ' a 219 23 784 22 866 21 144 soun Pucoc Ser ice Company Eam N5 Id) Jomt!3 owned mth Kansas City Power & Light Com-P/ Sue 5 69 5 109 5 054 5 0 66 pany and Kansas Electnc Power Cooperatese. Inc 1981 s e! Estmated construction costs 4th 3rd 2nd 1st Amounts and capac4 represent the Company s share Otr. Ot r. Otr. Otr. and are f.nanced b, the Company Operat:ng expenses of Ur P 4

-m p: ants m ser .ce an included in the operat ng expenses

+or 5,, . . b,s, a ce . oe

_, - - .m

-w. + r,3 #, s,7o . - +

on tv Statements of Income C;m ra!> o b + 14 423 21 505 12 333 14 207 13. Supplementary Information to Disclose the l Ef fects of Changing Prices-(Unaudited):

N"! P + 17 066 22 316 13 174 13419 Ed[ 4' Tre ost. mates of the e'fect of mf!ation on tne operation "c. .a >

• _

t tro Compan, as set forth beion Aere prepared on un n ' , y r c .< 1a 6 -. 16 R1 9 ,< , 3 1U<,9 i .

n's.r.,

s % p ' y p . c,

,Nres p r coned D, th" Fmanaa! Accounting Standa'as

~ " '

m -

med s i FASBi Statement No 33 ' F,nancial Report;ng 10 9,ec, 0; t i" ' ng 19abu 19 200 id ,/s1 -

anc,. Unang og Pnces' This statement requ;res adjust-

, .v . m wnts in htstancai costs to estimate the et'ects that gen-

- u No .3 0 32 +- 0 ba

. Sn:e* . 0 ,< u,

-m ' '

eral inflat,on (Constan' DoMar) and changes in specific I"+ se 4 s'on, am% us me unaud ted but ,n the op:n- , ices iCurrent Cosh ha.e had on tne Company s resu!!s

'+Co- s, ocWo al atustm"nts consst:nq of operan ns Tn!s data is not intended to ser,e as substi-

'*<' m " conna a crua s racessa", to a ta r pres- *a te for "am ngs repcrted en a histoncal cost basis They er e , merm ? P ceer we perspert:m of the approomate effects of mW cn ramer man a pnfaso measurement of these I

Market Prices and Dividend Rates of Common "n U ",-

6 Stock: Estmaw prn + rt, p! ant and equ.pment (plantL pn-4 High/ Low Market Price Dividends me,1, c ons:su : c' piant m sor. ice and construut.0, work l C c' ' r > 'W E 1982 1981 1982 1981 n r. reg'ess '.as d"!erm n"d for co"stant do?ars by appl y-FrM Q a"c r 16 - '; 15'. 131 5 53 5 51 na T+ Ccnse wr Pnce Index for aH Urban Consumers Qua" r 16 Ses 1; 14 53 iC Pl U ' , me ".stmcal cost of pian

• The current cost T*  : Q ua"or 1 -" 154- 15 3- 53 M , < tmates .,gre m ,asun,d b, applyrng the Handi Wh;t-n ~

.p2 F: or , n i .; v 1-, i n, in, ,- n -r3 mr m 4 , ,

UN t, Com 'ruct:on Costs nach a ' "ay :lan of p'am Current cost is an estmate o'" e cost I', 'ry 4 ,ho,?a. -r i

• wt #-

a, q, ,, .

pg m ,,o.. ,

7, ;r,<. q , am 7ng 7% , . nq aMed .

I i

= = = = = = mmm- -- -

.en a

--c_ _ -- -mep mass _ew aar mer.au msy

. 333 ... Sn . W'r"C ' m'- . ..

Supplemental Statement of Income Adjusted for Changing Prices

• . . , , .< c t_ :r-4 n. , . r b+ r 31 W2 Constant Dollar Current Cost Conventional Average Average l l

Historical Lost 1982 Dollars 1982 Dollars

'1 v;+ , .., ;__ 4 2' .

E

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Five-Year Comparison of Selected Supplementary Financial Data Adjusted for Effects of Changing Prices

' ^ ! '

' '3' 1982 1981 1980 1979 1978

< m Trc ,f as e' A.eraar 1982 Du Les' Constant dollar information:

. S350.937 533226B 5344 165 532:;763 5352 F09

+

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i: o S 1.66 1 40 i 1t4 t 5 0 43

-e S513.323 5402 20: 5392139 5344 6 "

Current cost information:

.f ,., , , , , .

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, s >g , e. . . *

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• S (12.862) iO" i,10206  :.10 : O s31

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S513.323 54'? 226 53e2'3) 5 344 6-"

< General inf ormation-

k. ] 41 S 32.643 5 70 166 i 44 216 i N E02 S 2.15  ?'9 i 2 3J i  ?;4 2"

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Comparative Electric Statements Annual Compound Growth Rates 5 10 1982 1981 1980 Year Year Sales in Kilowatthours (Thousands):

~

a '

'a 1.999.091 *

• r. N :3 C a 1.500.601 '

4'3 4J- 1 4 ~- " . 39

' ^ s' 2.595.651 e '

. ci 2 e- 2n1- '

p -

q.+cr"....t. **n. 65.426 +-;+- '~ 1

><. - o

• 6.160.769

• 36 1 3 is i h J e 1r  !'

~

.i' 1.077.695 1 1~* ' 3 ' O 3 44  :

7.238.464 ~ 4 *> 3 M ~ 937 t' l;

Customers at End of Year:

n, s a, *1-210.698 a4 343 CJ>2e .

< ' *' a 19.151 9 24'. 'oT~ O4 r" .1 4.469 . 44 3 42 3 +

J *; '

• ,*,, c"* .i, ;

• m; 612 W 4 13 2 234.930 s4 31r .Ye< . '

.+ ,'- 42 -

't J +  :,

T

• 234.972 2 33 ..c ' .2H oc :0 m

)

1 Residential:

A.,'i: - 4 9.529 4 ;53 - -

+'2 .O

' ~

A...o - *

• 5+' M +

5576.70 a' -. :40 3-A. w;, , ,< .r- .a" '

6.05c tac -. "; '

+

Kilowatthours Generated & Purchased (Thousands):

1. , r 4 +

t ,'5'a' .- 6.894.437 a r :4 ,c +G.. ..

'- 919.055 53 3. ~ 3 i -34 * *h 7'i 1. 7.813.492 ,026 J2 - M1 c 2 3' 4 + r' ~ w+ 575.028 5A(v3 e

r. ' '< 3 7 - '

7.238.464 ~ 46s 3 3a ' rJa e Average BTU per Net Kilowatthour Generated 11.063 A 3 Average Fuel Cost oer Million BTU S1.68 i' 4 c ' li Power Resources (Kilowatts) 1 1: 11-.* 1,944.000 -

n~ ;O

9. '  ;*'t- 1.547.900 V  !

3 396.100 . 4 > J .* - ,c Utility Plant at Original Cost ' Thousands):

B. '

. '. $1.444.080 5' -

i' 4'

' ~ '

r* . - .

3

' i = ' '

228 311 - ' 'r 1'

, L * *

3.462 - I

,.'o' 1.668 929 . .+ - + +

A' S ', ' - 245.886 .

. * .< S1.423.043 - . 3' - * -. - ' . 1 Employees at Year-end 1 856 - +

t l

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l Comparative Financial StatistlCS Annual Compound I a n o u s.m as , Growth Rates 5 10 1982 1981 1960 Year Year Electric Operating Revenues:

S 120 980 - * ** 'a e 79.282 *

• e*+. '

n 109.628 1 * .e > '"r 3.523 -

• .r>

313 413 * "+. :

• 36.388 ' * * .

349 801 ** '

++ - . - '

i 1.136 n *

• l 350.937 -

• 4 - < 'E  ;

Operating Eupenses 128 043 '4 - '

+' 19.587 * * 'C- 't 39.179 *< '

'i *

• • - 29.064

.c . ."

27.288

• u > 'i*

13.419 -

• 28 447 '*  ; e t '-

- 285.027 * '> - ' * -

Operating locome *' <

65.910 - -. -

';J Other income and Deductions 46.948 . 4-(893) - r 1.704 - <. r income Bef ore interest Charges 113 669 - ~* * .- *

• Interest Charges 61.650 *: 'W .. 4 '

4.508 < - :

• 34 e i

916 ' . Je ' .

~

(38.068) 'm 'M-  ;>J Net locome 84 663 - ' 4

.7 : '4 Preferred Stock Dividends 14.142 < +'

Earnin;s Applicable to Common Stock $ 70 521  ; * ' . <

• Shares 0 ommon Stock Outstanding 23.503

• . * . + .

Earnings per Share of Common Stock S3 00 L - *

• 4 Cash Dividends Paid per Share on Common Stock $2.15 .

- a s Capitalization:( Amount & Percent) 50 500 38 +'- . '*

9 664.281 49.5 * . . v ' '

• 46:

159.556 11.9 + ' '

+ ** -

383 781 -

.t 135 401 * +

519.182 38 6 -

51 343 019 100 0

• l l

Embedded Cost of Long-Term Deu 4 66'-

Embedded Cost of Preferred Stock 9 86' I

1

- . _ .. ..- . . . . . . . . . ._._ _ m - - . .- .

1

• h 1. Frank J. Becker(1981)(4)

ElDorado, Chairman of the Board. Becker Corporation; l

~, . . President, First National Bank & Trust Co., El Dorado; and y

? Chairman of me Board, Augusta Bank and Trust Co. t

2. Robert A. Brown (1953)(3) [

Arkansas Wy, Chainnan of me Board, 1

2 sd $1 h 2 fY 3 The Home National Bank of Arkansas City i

3. A. Dwight Button (1976)(1)(2)(4)

Wichita, Chairman of the Board.

Fourth Financial Corp., Wichita

4. Wilson K. Cadman (1978)(1) y' <

Wichita, Chairman of the Board and  ;

Y, -

~b ; President of the Company

5. C.T. Carter (1968)(1) (3)

Independence, Retired Vice President b - '4 h 5 N 6 Pipeline Transportation, Atlantic Richfield Company ,

i

6. C.O. Chandler (1974)(1)(4)(5)

Wichita, Chairman of the Board and President,

'4 i FirstNationalBankin Wichita 1

7. Robert T. Crain (1981)(5)

Fort Scott, Partner in Crain Realty Company k

' ; , 8. Ralph P. Fiebach (1967)(1) g,  ; Wichita, Retired Chairman of the Boardof the Company

'g $ 9. Ralph Foster (1970)(4) h >A Ad v g, .

.9 Wichita, Vice President- General Counselof the Company

10. Donald A.Johnston (1980)(2)($)

, Pittsburg. Executive Vice President, Vinylplex, Inc.

. 11. Russell W. Meyer, Jr. (1982)(5)

Wichita, President and Chairman of the Board, Cessna W '

y4 Aircraft Company q_ -

12. Terence J. Scanlon (1980)(3)(4) w Wichita,Investorand Developer

) 10 h 11 12 13. Marjorie 1. Setter (1990)

Wichita, Presit'ent, Setter and Associates, Inc.

i .

Advertising and Public Relations a- 14. Robert L. Williams (1968)(2)

Wichita, Owner of Imperial Oil Company

15. Lyle E. Yost (1969) y y Hesston, Chairman of the Board. Hesston Corporation Key to Committee Assignments:

9; .

94 ,4 (1) Executive Committee Lt A d..D 6 -

(2) Compensation Committee (3) Audit Committee (4) Shareholders Relistions Committee Officers (inciueing ineir a9es and titles) (5) Nominating Committee

{

Bernard Ruddick,59 Wilson K. Cadman,55 Chairman of the Board and President Vice President- Engineering Kent R. Brown,38 W.B. Walker,62 Group Vice President - Technical Services Vice President- Accounting and Secretary Howard J. Hansen,61 W.R. Whitmer,49 Group Vice President- Finance Treasurer Glen L. Montague,63 E.D. Prothro,50 Group Vice President- Administration Controllerand Assistant Secretary  ;

Robert L Rives,49 Jack Skelton,52 l

Group Vice President- Corporate Relations Assistant Secretary Dennis L. Evans,48 J.F. Klassen, 53 Vice President- Administrative Services Assistant Treasurer Ralph Foster,54 William B. Moore,30 [

Vice President- General Counsel Manager of Finance and Assistant Treasurer Richard M. Haden,43 Verna L Ridgeway,55  !

Vice President - Corporate Planning and Systems Assistant Vice President [

l '

Glenn L. Koester,57 Vicc President- Nuclear l l

l l

Service Area Map Map Legend Generating stations and Division Headquarters Cities e Capability Ig /"

i Transmission Lines -

Transmission Lines -

Authonzed 1 Gordon Evans steam Electnc station. 506 6 MW 2 Ripley steam Electnc station, 88.3 MW

'" b""""( Interconnected Utilities yf -l f,. E-t

• Associated Electnc hat n.

4 Murray Gill steam Electnc m os,.e, r Cooperative. Inc-AEC l[ ,

f-.- ,

• The Empire Distnct Electnc station.330 6 MW 5 Neosho steam Electnc

' y y/ Compan -EDE

1. i-- - \,

• Kansas sty Power & Ught station. 68.2 MW 6 La Cygne steam Electnc

/  % Company-KCPL station,* 685 MW xx

• The Kansas Power and Ught 7 Wolf CreekGenerating 3 w Company-KPL

'{ station.* 540.5 MW

~

%

• oklahoma Gas and Electnc E7 (under construction)

M"#

.

• c serv e Company of Oklahoma-Pso

$7w

• Western Power Division of

• Jointly owned with other Central Telephone & Utilities utilities. Capability stated Corporation-WPD is KG&E allocation.

Service Area Fiscal Agents KG&E provides electric service to Preferred Stock: Transfer Agent, First National approximately 234.900 retail customers in Bank in Wichita; Registrar, The Fourth National southeast and south central Kansas including the Bank and Trust Company, Wichita.

Wichita metropolitan area. Common Stock: Transfer Agents First National Wholesale service is provided to 31 Bank in Wichita and First National Bank of Chicago; communities and 11 other electric utilities. The Registrars, The Fourth National Bank and Trust company owns no gas properties and has no gas Company, Wichita, and First National Bank of operations Chicago. Listed N.Y.S E., ticker symbol, KGE.

The company has all appropriate franchises Bonds: Trustee Registrar and Paying Agent, and certificates which are needed to permit it to Morgan Guaranty Trust Company of NeW York.

provide service throughout the area.

Form 10-K Annual Meeting The Company's Form 10-K is filed With the

! The annual stockholders' meeting Will be held Securities and Exchange Commission and is i May 25.1983. at the Century 11 Civic Center in available from that agency or from the Secretary of

, Wichita. Proxies for this meeting Will be solicited by the Company, Box 208. Wichita, Kansas 67201.

the management. A proxy statement Will be mailed to stockholders about April 22,1983. Investor and Analyst Contact This report is prepared primanly for the For additionalinformation on the Company, information of stockholders of the company and is please call or Write: Gary A. Farha, Investor not transmitted in connection With the sa!e of any Relations, Kansas Gas and Electric Company.

, secunties or offer to buy any securities. Box 208 Wichita, KS 67201 (316) 261-6380.

1 l

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