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KCP&L Announces Successful Completion of Testing at New Iatan 2, Coal-fired Unit

LCG, August 27, 2010--Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (formerly Aquila) yesterday announced that the new Iatan 2, electric generating facility completed in-service testing. Both companies are subsidiaries of Great Plains Energy Incorporated.


TVA Announces Plans Stop Burning Coal in Nine Electric Generating Units

LCG, August 25, 2010--The Tennessee Valley Authority (TVA) announced yesterday that, beginning next year, it will idle nine coal-fired units that have a combined electric generating capacity of approximately 1,000 MW. One of the units will be considered for repowering, with the fuel switched to biomass. These steps are part of TVA's strategy to replace or retire older, less-efficient, coal-fired units as a means of reducing carbon and other emissions from its generation portfolio.


Industry News

GPU Reaches Settlement in Pennsylvania

LCG, June 13, 2001GPU Inc. said this morning that it has reached a settlement with the Pennsylvania Office of Consumer Advocate and Citizens for Pennsylvania's Future, a consumers group, that could permit the company to resume sale of commercial paper and clear the way for its merger with First Energy Corp.

The Pennsylvania Public Utility Commission is expected to rule on the settlement tomorrow. If the commission approves the deal, GPU will be allowed to defer charges paid for electricity that are in excess of those it is allowed to charge its customers.

The accounting change will permit GPU to return to the commercial paper market, giving the company renewed access to short-term financing. Possible charges against earnings could be offset by application of some transmission and transition charge revenues against the deferred costs.

Another consumers group, Citizen Power, challenged the deal saying it was a rate increase disguised as an accounting change.

Earlier, a Pennsylvania administrative law judge had proposed a $317 million annual rate increase to pay for the power costs.




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