01.06.2016 02:08:00

Wamego (City of) KS -- Moody's Places Great Plains Energy on Review for Downgrade; Westar Energy, Kansas City Power & Light and KCP&L Greater Missouri Operations Affirmed; Outlooks Stable

New York, May 31, 2016 -- Moody's Investors Service, ("Moody's") placed the long-term ratings of Great Plains Energy (Great Plains or GXP; see debt list below) on review for downgrade. The review is prompted by today's announcement that Great Plains agreed to acquire Westar Energy for over $12 billion, which includes the assumption of approximately $4 billion of Westar debt. Great Plains said the acquisition financing would include a mix of debt and equity.

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