Exhibit
10.1.27





Compensation
Arrangements with Directors and Named Executive Officers





Following
is a description of compensatory arrangements with directors and 2008 base
compensation for named executive officers.





Directors


Directors
receive an annual retainer of $85,000 ($50,000 of which is paid through the
Long-Term Incentive Plan in common stock or, at the election of the director,
Director Deferred Share Units).  Our lead director receives an
additional annual retainer of $20,000, and the chairs of the Board’s Audit,
Compensation and Development, and Governance Committees receive an additional
annual retainer of $10,000, $5,000 and $5,000,
respectively.  Attendance fees of $1,000 for each Board meeting and
$1,000 for each committee and other meeting attended are also
paid.  Directors may defer the receipt of all or part of the cash
retainers and meeting fees.





We offer
life and medical insurance coverage for each current non-employee
director.  We do not expect to offer this coverage to new non-employee
directors.  The total premium paid by us for this coverage in 2007 was
$33,146.  We pay or reimburse directors for travel, lodging and
related expenses they incur in attending Board and committee meetings, including
the expenses incurred by directors’ spouses in accompanying the directors to one
Board meeting a year.  We also match on a two-for-one basis up to
$5,000 per year (which would result in a $10,000 Company match) of charitable
donations made by a director to 501(c)(3) organizations that meet our strategic
giving priorities and are located in KCP&L’s generation and service
communities.





Named
Executive Officers


None of
the named executive officers of Great Plains Energy or KCP&L have written
employment agreements with the exception of Mr. Malik, Executive Vice President
of Great Plains Energy and President and Chief Executive Officer of Strategic
Energy, L.L.C. (which was filed as Exhibit 10.1.p to Form 10-K for the year
ended December 31, 2004).  We have also agreed to certain compensation
arrangements with Messrs. Chesser and Marshall at the time of their
employment.   For Mr. Chesser, if he is terminated without cause
prior to age 63, he will be paid a severance amount equal to three times his
annual salary and bonus; if terminated without cause between the age of 63 and
65, he will be paid a severance amount equal to the aggregate of his annual
salary and bonus.  In addition, Mr. Chesser is credited with two years
of service for every one year of service earned under our pension plan, with
such amount payable under our Supplemental Executive Retirement Plan
(“SERP”).  If Mr. Marshall is terminated without cause, he will be
paid a severance amount equal to the target payment under the annual incentive
plan plus two times his annual base salary. Mr. Marshall is also credited with
two years of service for every one year of service earned under out pension
plan, with such amount payable under our SERP.





On
February 5, 2008, the independent members of the Great Plains Energy Board of
Directors, upon recommendations of its Compensation and Development Committee,
approved the following annual base compensation for 2008 of the principal
executive officer, principal financial officer and the other named executive
officers of Great Plains Energy and KCP&L:








Name
            2008
      Base CompensationMichael
      J. Chesser (1)
              Chairman of the Board and Chief
      Executive Officer, Great Plains Energy
              Chairman of the Board,
      KCP&L
            $800,000Terry
      Bassham (1)
              Executive Vice President –
      Finance and Strategic Development and Chief Financial Officer, Great
      Plains Energy
              Chief Financial Officer,
      KCP&L
            $375,000William
      H. Downey (1)
              President and Chief Operating
      Officer, Great Plains Energy
              President and Chief Executive
      Officer, KCP&L
            $490,000Shahid
      Malik (2)
              Executive Vice President,
      Great Plains Energy
              President and Chief Executive
      Officer, Strategic Energy
            $458,000John
      R. Marshall (1)
              Senor Vice President –
      Delivery, KCP&L
            $355,000Stephen
      T. Easley (3)
              Senior Vice President – Supply,
      KCP&L
            $281,000





(1)  Executive officer of
Great Plains Energy and KCP&L


(2)  Executive officer of
Great Plains Energy


(3)  Executive officer of
KCP&L





The
Company also pays or reimburses the executive officers named above for certain
other items, which could include relocation costs, transportation allowances,
dues for one club, financial counseling services and in limited situations the
expenses of spouses accompanying the executive officers.