ML20195B990
| ML20195B990 | |
| Person / Time | |
|---|---|
| Site: | Wolf Creek  |
| Issue date: | 12/31/1998 |
| From: | Wittig D AFFILIATION NOT ASSIGNED |
| To: | |
| Shared Package | |
| ML20195B987 | List: |
| References | |
| NUDOCS 9906030333 | |
| Download: ML20195B990 (73) | |
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About i he Company i
Company Profile What is KCPL doing about Y2K?
Kansas City Power & Light Company is a KCPils implementation in 1995 of a new technology leading provider of energy and related products infrastructure began preparations for the Year and services for homes and businesses in the 2000 and will help us meet strategic and future Kansas City metropolitan area and nationwide.
business needs. That $56 million investment in A progreenive and successful company, KUPL the new Year 2000-ready technologies ho.esulted
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leads the electric utility industry in customer in fewer Y2K issues for KCPL than some companies service llendquartered in downtown Kansas have experienced. In addition, in 1997, we City, Missouri, KCPL generates and distributes established a formal Year 2000 Project Omce clectricity to over 451,000 retail customers, cities re8ponsible for evaluating, identifying and and electric utilities in Missouri and Kansas.
I correcting problems in all critical computer KLT Inc. and llome Service Solutions Inc.,
f software, hardware and embedded systems. We wholly-owned subsidiaries of KCPL, pursue are using internal and external resources to help unregulated business ventures nationally, with inventory, assessment, remediation and capturing growth opportunities in markets testing of software application systems and i
outside the regulated utility business, equipment. As an ongoing part of our Y2K efkrt, l we report regularle 10 and work with a number I ofindustry, regulatory and governmental Table of Contents i
j agencies and will participate in industry-wide KCPL At A Glance inside Fnint Cover [ Y2K readiness drills in April and September.
liighbghts of the Year 1
In addition, we are checking with and will Message to the Shareholders 2
continue to monitor the readiness of our Year in Ihwiew 4
I critical suppliers to identify and mitigate l Y2K problems having the potential to afTect our Omwrs and Ihrectors 16 Management's Discussion and Analysis 17 essential business functions. We believe the total Consohdated Financial Statements 27 costs of the assessment, remediation, testing and l
Notes to Consolidated Financial Statements 31 monitoring etTorts will be approximately $7 million Ih port ofIndependent Accountants 46 l and will be expensed nu incurred. For additional Summary of Operationa' Financial Data 47 l Y2K details please see page 24 of this report or Ehictric Statistics 4H l visit our website at httpWwww.kcpl.com.
Shareholder Information Inside llack Cover f a
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- KCPL homagiertets Gas & on petvets Energy bervoes othma Te scommunmahon retworks e HtNtie Servre Soluhone l'E markets
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Kansas City Power and L i g h tl
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I nergs supph Kansas City Power & Light Ileadquartered in Kansas City, Missouri. Produces, transmits and distributes electricity to customers in Missouri and Kansas.
Iow fuel costs enable KCPL to maintain rates below the national
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average and a leadership position in the bulk power market.
Energ3 N n n c,.
Custom Commercial Comprehensive energy sen' ices program upgrades and manages Services (CCS) customers' energy systems and equipment. Services include engi.
neering design, construction, operations and project management.
Natural Gas Services Competitively-priced natural gas commodity sales and management services.
urur Prdiecin,n Meter-Treater * &
Meter 'IYeater* service and Panamax* point +f-use pmducts Panamax*
prutect valuable electmnic equipment from electrical surges.
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Home Nrnee-R.S. Andrews Enterprises llome Service Solutions (IISS), KCPLk newest nonregulated (RSAE)
_ subsidiary, invested in RSAE to provide services in ra-Bential customers such as equipment sales, IIVAC 9rvices, ehdrical, plumbing, pest control, home warranties and service contracts.
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1 Heat mm. Veniibiimn.
Worry Free Service""
Award-winning program bundles replacement equipment, t noimg =cn n e i HW i preventive maintenance and repairs for residential and small commercial HVAC equipment, t
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t riemm m u memi mn.
KLT Telecom Investment in Digital'Ibleport Inc. (ITTI) which is mnstructing a nationwide fiber optic net work pmviding carrier's carrier telecom services. Other telecommunication investments include wireless p
remote monitoring prixtucts and services.
mid Gu-KLT Gas invests in oil and gas exploration and development opportunities, o
Eneru) *ruce-KLT Energy Services Offers a comprehensive menu of services pmviding energy management and supply services to customers nationwide.
Also specializes in providing outdoor stnetlighting senices to municipalities. Other investments include acquiring and developing a nationwide network of electrical contractors serving commenial and industrial customers.
, Im e=iment.
KLT Investments investments in affordable housing partnerships generate tax I & II credita, lowering the consolidated company's tax bunlen. Other investments include mmmunity and economic development oppor-tunities that provide expansion of KCPUs curent customer base.
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. Company At A
Glance KCPL serves over 451,000 residential, commercial and industrial Continue to invest in KCPUs people, recognizing that our success customers in Missouri and Kansas. KCPL system has a total is dependent upcm the diversity of employees' skills and expertise.
summer capabihty of 3,633 megawatts.
Maintain our position as a low cost energy producer. Capitalize on oppc7tunities for gmwth thmugh allianme and other business combinations. Sumensfully compete in a deregulated envimnment.
I CCS targets larger commercial customers and sehe industrials.
Enhances customer relationships by increasing the range of senices offend. Strategically uses energy-nlated eenices to Serves medium and large commercial and industrial companies and government facihties within and outside KCPUs senice territory.
Meter imater* menice is available to residential customers in Enhances customer service and loyalty by offering pnxtucts and KCPUs service terntory. Panamax* pnxlucts are available to any servims that complement ekstric senice, customer inside or outside KCPUs terntory.
In 1998, ilSS invested in R.S. Andrews Enterprises (RSAE)
KCPL cmates growth for shareholder value by levernging its in Atlanta to build a network of home wnice compimies in resources, products and relationships in this ventum key U.S. markets.
Initially marketed only in KCPUs senice territory, Worry I'me Worry Fme Senice" partners with an established network of Servim"and RSAE now m.;rket this senim in cities acmns the contractors to sell and deliver its senices.
country.
DTI recently announced a nationwide expansion ofits fiber optic KLT Inc.'s mission is to aggressively develop nonregulated network. It has established relationships to sell capacity to AT&T, businesses providing significantly higher growth in value than Sprint and MCI. Monitoring markets include underground storage KCPUs mgulated busincum s:
tank information for EPA compliance.
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- Strategically invents in and manages businesses, in 1998,4.4 billion cubic feet of gas was sold to pipelines for capitalizing on KCPUs demonst. rated core competencies distribution to various gas markets across the country.
and experience.
Serves commemial, industrial and municipal customers nationally
- Pursues opportunities by combining our expertise with to help reduce energy costs. Streetlighting senices is currently knowkutgeable partners.
mking with cities in Missouri and Utah.
- Intends tc diversify its opportunities into a portfolio of businessen.
- Pursues businesses that will, on average, pmduce an 1b date, ainut $104 milbon has in en invented in 24 afTordable mternal rate of mturn of 159t after taxes.
housing limited partnership funds, with pmpenies located in 46 states, the District of Columbia and Puerto Rico Other investruents target tumomic development and energy-related opportunities.
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