|             |   | Exact      name of registrant as specified in its charter, |   |                       |
|------------------|--------|------------------------------------------------------------|--------|----------------------------|
| Commission       |   | state      of incorporation, address of principal          |   | I.R.S.      Employer       |
| File      Number |   | executive      offices and telephone number                |   | Identification      Number |
|             |   |                                                       |   |                       |
| 001-32206        |   | GREAT      PLAINS ENERGY INCORPORATED                      |   | 43-1916803                 |
|             |   | (A      Missouri Corporation)                              |   |                       |
|             |   | 1201      Walnut Street                                    |   |                       |
|             |   | Kansas      City, Missouri 64106                           |   |                       |
|             |   | (816)      556-2200                                        |   |                       |
|             |   | www.greatplainsenergy.com                                  |   |                       |
|             |   |                                                       |   |                       |
| 000-51873        |   | KANSAS      CITY POWER & LIGHT COMPANY                 |   | 44-0308720                 |
|             |   | (A      Missouri Corporation)                              |   |                       |
|             |   | 1201      Walnut Street                                    |   |                       |
|             |   | Kansas      City, Missouri 64106                           |   |                       |
|             |   | (816)      556-2200                                        |   |                       |
|             |   | www.kcpl.com                                               |   |                       |

| Indicate      by check mark whether the registrant (1) has filed all reports required to      be filed by Section 13 or 15(d) of the Securities  Exchange                                         |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Act      of 1934 during the preceding 12 months (or for such shorter period that      the registrant was required to file such reports), and (2) has      been                                    |
| subject      to such filing requirements for the past 90 days.                                                                                                                                    |
| Great      Plains Energy Incorporated                                                                                                                                                             | Yes | _ | No | X |   | Kansas      City Power & Light Company | Yes | X | No | _ |   |   |
|                                                                                                                                                                                              |
| Indicate      by check mark whether the registrant is a large accelerated filer, an      accelerated filer, a non-accelerated filer, or a smaller      reporting                                  |
| company.  See      definitions of “large accelerated filer,” “accelerated filer” and “smaller      reporting company” in Rule 12b-2 of the Exchange |
| Act.                                                                                                                                                                                              |
| Great      Plains Energy Incorporated                                                                                                                                                             | Large      accelerated filer | X | Accelerated      filer | _ |   |   |   |
|                                                                                                                                                                                              | Non-accelerated      filer | _ | Smaller      reporting company | _ |   |   |   |
| Kansas      City Power & Light Company                                                                                                                                                        | Large      accelerated filer | _ | Accelerated      filer | _ |   |   |   |
|                                                                                                                                                                                              | Non-accelerated      filer | X | Smaller      reporting company | _ |   |   |   |
|                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Indicate      by check mark whether the registrant is a shell company (as defined in      Rule 12b-2 of the Exchange Act).                                                                        |
| Great      Plains Energy Incorporated                                                                                                                                                             | Yes | _ | No | X |   | Kansas      City Power & Light Company | Yes | _ | No | X |   |   |
|                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| On      May 5, 2008, Great Plains Energy Incorporated had 86,365,262 shares of      common stock outstanding.  On May 5, 2008, Kansas      City                                         |
| Power      & Light Company had one share of common stock outstanding, which was      held by Great Plains EnergyIncorporated.                                                                 |

| Abbreviation or Acronym      |   | Definition                                                                                                         |
|------------------------------|--------|--------------------------------------------------------------------------------------------------------------------|
|                         |   |                                                                                                               |
| Aquila                       |   | Aquila,      Inc.                                                                                                  |
| ARO                          |   | Asset      Retirement Obligation                                                                                   |
| BART                         |   | Best      available retrofit technology                                                                            |
| Black      Hills             |   | Black      Hills Corporation                                                                                       |
| CAIR                         |   | Clean      Air Interstate Rule                                                                                     |
| CAMR                         |   | Clean      Air Mercury Rule                                                                                        |
| Clean      Air Act           |   | Clean      Air Act Amendments of 1990                                                                              |
| CO2                          |   | Carbon      Dioxide                                                                                                |
| Collaboration      Agreement |   | Agreement      among KCP&L, the Sierra Club and the Concerned   Citizens      of Platte County  |
| Company                      |   | Great      Plains Energy Incorporated and its subsidiaries                                                         |
| Consolidated      KCP&L  |   | KCP&L      and its wholly owned subsidiary                                                                     |
| EBITDA                       |   | Earnings      before interest, income taxes, depreciation and    amortization                                      |
| ECA                          |   | Energy      Cost Adjustment                                                                                        |
| EIRR                         |   | Environmental      Improvement Revenue Refunding                                                                   |
| EPA                          |   | Environmental      Protection Agency                                                                               |
| EPS                          |   | Earnings      per common share                                                                                     |
| ERISA                        |   | Employee      Retirement Income Security Act of 1974                                                               |
| FASB                         |   | Financial      Accounting Standards Board                                                                          |
| FELINE      PRIDESSM         |   | Flexible      Equity Linked Preferred Increased Dividend Equity    Securities,                                     |
|                         |   |    a      service mark of Merrill Lynch & Co., Inc.                                             |
| FERC                         |   | The      Federal Energy Regulatory Commission                                                                      |
| FIN                          |   | Financial      Accounting Standards Board Interpretation                                                           |
| FSP                          |   | Financial      Accounting Standards Board Staff Position                                                           |
| FSS                          |   | Forward      Starting Swaps                                                                                        |
| GAAP                         |   | Generally      Accepted Accounting Principles                                                                      |
| Great      Plains Energy     |   | Great      Plains Energy Incorporated and its subsidiaries                                                         |
| Holdings                     |   | DTI      Holdings, Inc.                                                                                            |
| HSS                          |   | Home      Service Solutions Inc., a wholly owned subsidiary of KLT    Inc.                                         |
| IEC                          |   | Innovative      Energy Consultants Inc., a wholly owned subsidiary   of      Great Plains Energy    |
| ISO                          |   | Independent      System Operator                                                                                   |
| KCC                          |   | The      State Corporation Commission of the State of Kansas                                                       |
| KCP&L               |   | Kansas      City Power & Light Company, a wholly owned subsidiary   of      Great Plains Energy |
| KDHE                         |   | Kansas      Department of Health and Environment                                                                   |
| KLT      Inc.                |   | KLT      Inc., a wholly owned subsidiary of Great Plains Energy                                                    |
| KLT      Investments         |   | KLT      Investments Inc., a wholly owned subsidiary of KLT Inc.                                                   |
| KLT      Telecom             |   | KLT      Telecom Inc., a wholly owned subsidiary of KLT Inc.                                                       |
| KW                           |   | Kilowatt                                                                                                           |
| kWh                          |   | Kilowatt      hour                                                                                                 |
| MAC                          |   | Material      Adverse Change                                                                                       |

| Abbreviation or Acronym    |   | Definition                                                                                                           |
|----------------------------|--------|----------------------------------------------------------------------------------------------------------------------|
| Market      Street         |   | Market      Street Funding LLC                                                                                       |
| MD&A                   |   | Management’s      Discussion and Analysis of Financial Condition and                                           |
|                       |   |    Results      of Operations                                                                         |
| MDNR                       |   | Missouri      Department of Natural Resources                                                                        |
| MISO                       |   | Midwest      Independent Transmission System Operator, Inc.                                                          |
| MPSC                       |   | Public      Service Commission of the State of Missouri                                                              |
| MW                         |   | Megawatt                                                                                                             |
| MWh                        |   | Megawatt      hour                                                                                                   |
| NOx                        |   | Nitrogen      Oxide                                                                                                  |
| NPNS                       |   | Normal      Purchases and Normal Sales                                                                               |
| OCI                        |   | Other      Comprehensive Income                                                                                      |
| PJM                        |   | PJM      Interconnection, LLC                                                                                        |
| PRB                        |   | Powder      River Basin                                                                                              |
| Receivables      Company   |   | Kansas      City Power & Light Receivables Company, a wholly owned   subsidiary      of KCP&L |
| RTO                        |   | Regional      Transmission Organization                                                                              |
| SEC                        |   | Securities      and Exchange Commission                                                                              |
| SECA                       |   | Seams      Elimination Charge Adjustment                                                                             |
| Services                   |   | Great      Plains Energy Services Incorporated                                                                       |
| SFAS                       |   | Statement      of Financial Accounting Standards                                                                     |
| SIP                        |   | State      Implementation Plan                                                                                       |
| SO2                        |   | Sulfur      Dioxide                                                                                                  |
| STB                        |   | Surface      Transportation Board                                                                                    |
| Strategic      Energy      |   | Strategic      Energy, L.L.C., a subsidiary of KLT Energy Services                                                   |
| Strategic      Receivables |   | Strategic      Receivables, LLC, a wholly owned subsidiary ofStrategic                                               |
|                       |   |    Energy                                                                                             |
| T      - Lock              |   | Treasury      Lock                                                                                                   |
| Union      Pacific         |   | Union      Pacific Railroad Company                                                                                  |
| WCNOC                      |   | Wolf      Creek Nuclear Operating Corporation                                                                        |
| Wolf      Creek            |   | Wolf      Creek Generating Station                                                                                   |

| GREAT      PLAINS ENERGY                                                                                        |                                  |
|-----------------------------------------------------------------------------------------------------------------|---------------------------------------|
| Consolidated      Balance Sheets                                                                                |                                  |
| (Unaudited)                                                                                                     |                                  |
|                                                                                                            |                                  |   |   |   |   |
|                                                                                                            | March      31                         |   |   | December      31 |   |
|                                                                                                            | 2008                                  |   |   | 2007 |   |
| ASSETS                                                                                                          | (millions,      except share amounts) |   |
| Current      Assets                                                                                             |                                  |   |   |   |   |
| Cash      and cash equivalents                                                                                  | $                                     | 85.8 |   |   | $ | 67.1 |   |
| Restricted      cash                                                                                            |                                  | 0.7 |   |   |   | 0.7 |   |
| Receivables,      net                                                                                           |                                  | 394.4 |   |   |   | 427.4 |   |
| Fuel      inventories, at average cost                                                                          |                                  | 42.9 |   |   |   | 35.9 |   |
| Materials      and supplies, at average cost                                                                    |                                  | 65.4 |   |   |   | 64.0 |   |
| Deferred      refueling outage costs                                                                            |                                  | 10.7 |   |   |   | 6.5 |   |
| Refundable      income taxes                                                                                    |                                  | 24.1 |   |   |   | 10.7 |   |
| Deferred      income taxes                                                                                      |                                  | - |   |   |   | 19.8 |   |
| Derivative      instruments                                                                                     |                                  | 128.0 |   |   |   | 7.6 |   |
| Other                                                                                                           |                                  | 17.9 |   |   |   | 15.2 |   |
| Total                                                                                                           |                                  | 769.9 |   |   |   | 654.9 |   |
| Nonutility      Property and Investments                                                                        |                                  |   |   |   |   |   |   |
| Affordable      housing limited partnerships                                                                    |                                  | 16.6 |   |   |   | 17.3 |   |
| Nuclear      decommissioning trust fund                                                                         |                                  | 106.9 |   |   |   | 110.5 |   |
| Other                                                                                                           |                                  | 13.3 |   |   |   | 14.3 |   |
| Total                                                                                                           |                                  | 136.8 |   |   |   | 142.1 |   |
| Utility      Plant, at Original Cost                                                                            |                                  |   |   |   |   |   |   |
| Electric                                                                                                        |                                  | 5,514.2 |   |   |   | 5,450.6 |   |
| Less-accumulated      depreciation                                                                              |                                  | 2,638.9 |   |   |   | 2,596.9 |   |
| Net      utility plant in service                                                                               |                                  | 2,875.3 |   |   |   | 2,853.7 |   |
| Construction      work in progress                                                                              |                                  | 662.9 |   |   |   | 530.2 |   |
| Nuclear      fuel, net of amortization of $123.5 and $120.2                                                     |                                  | 57.8 |   |   |   | 60.6 |   |
| Total                                                                                                           |                                  | 3,596.0 |   |   |   | 3,444.5 |   |
| Deferred      Charges and Other Assets                                                                          |                                  |   |   |   |   |   |   |
| Regulatory      assets                                                                                          |                                  | 401.2 |   |   |   | 400.1 |   |
| Goodwill                                                                                                        |                                  | 88.1 |   |   |   | 88.1 |   |
| Derivative      instruments                                                                                     |                                  | 76.1 |   |   |   | 45.8 |   |
| Other                                                                                                           |                                  | 55.0 |   |   |   | 51.2 |   |
| Total                                                                                                           |                                  | 620.4 |   |   |   | 585.2 |   |
| Total                                                                                                           | $                                     | 5,123.1 |   |   | $ | 4,826.7 |   |
|                                                                                                            |                                  |   |   |   |   |   |   |
| The      accompanying Notes to Consolidated Financial Statements are an integral      part of these statements. |                                  |

| GREAT      PLAINS ENERGY                                                                                        |                                  |
|-----------------------------------------------------------------------------------------------------------------|---------------------------------------|
| Consolidated      Balance Sheets                                                                                |                                  |
| (Unaudited)                                                                                                     |                                  |
|                                                                                                            |                                  |   |   |   |   |
|                                                                                                            | March      31                         |   |   | December      31 |   |
|                                                                                                            | 2008                                  |   |   | 2007 |   |
| LIABILITIES      AND CAPITALIZATION                                                                             | (millions,      except share amounts) |   |
| Current      Liabilities                                                                                        |                                  |   |   |   |   |
| Notes      payable                                                                                              | $                                     | 68.0 |   |   | $ | 42.0 |   |
| Commercial      paper                                                                                           |                                  | 163.9 |   |   |   | 365.8 |   |
| Current      maturities of long-term debt                                                                       |                                  | 0.3 |   |   |   | 0.3 |   |
| Accounts      payable                                                                                           |                                  | 433.3 |   |   |   | 406.5 |   |
| Accrued      taxes                                                                                              |                                  | 39.9 |   |   |   | 24.8 |   |
| Accrued      interest                                                                                           |                                  | 26.1 |   |   |   | 16.7 |   |
| Accrued      compensation and benefits                                                                          |                                  | 28.7 |   |   |   | 22.5 |   |
| Pension      and post-retirement liability                                                                      |                                  | 1.3 |   |   |   | 1.3 |   |
| Deferred      income taxes                                                                                      |                                  | 43.5 |   |   |   | - |   |
| Derivative      instruments                                                                                     |                                  | 43.1 |   |   |   | 81.0 |   |
| Other                                                                                                           |                                  | 25.7 |   |   |   | 29.3 |   |
| Total                                                                                                           |                                  | 873.8 |   |   |   | 990.2 |   |
| Deferred      Credits and Other Liabilities                                                                     |                                  |   |   |   |   |   |   |
| Deferred      income taxes                                                                                      |                                  | 630.5 |   |   |   | 624.8 |   |
| Deferred      investment tax credits                                                                            |                                  | 26.7 |   |   |   | 27.0 |   |
| Asset      retirement obligations                                                                               |                                  | 107.4 |   |   |   | 94.5 |   |
| Pension      and post-retirement liability                                                                      |                                  | 156.4 |   |   |   | 157.2 |   |
| Regulatory      liabilities                                                                                     |                                  | 138.9 |   |   |   | 144.1 |   |
| Derivative      instruments                                                                                     |                                  | 2.3 |   |   |   | 1.6 |   |
| Other                                                                                                           |                                  | 62.3 |   |   |   | 77.5 |   |
| Total                                                                                                           |                                  | 1,124.5 |   |   |   | 1,126.7 |   |
| Capitalization                                                                                                  |                                  |   |   |   |   |   |   |
| Common      shareholders' equity                                                                                |                                  |   |   |   |   |   |   |
| Common      stock-150,000,000 shares authorized without par value                                               |                                  |   |   |   |   |   |   |
| 86,453,977      and 86,325,136 shares issued, stated value                                                      |                                  | 1,070.1 |   |   |   | 1,065.9 |   |
| Retained      earnings                                                                                          |                                  | 518.1 |   |   |   | 506.9 |   |
| Treasury      stock-110,105 and 90,929 shares, at cost                                                          |                                  | (3.3 | ) |   |   | (2.8 | ) |
| Accumulated      other comprehensive income (loss)                                                              |                                  | 48.0 |   |   |   | (2.1 | ) |
| Total                                                                                                           |                                  | 1,632.9 |   |   |   | 1,567.9 |   |
| Cumulative      preferred stock $100 par value                                                                  |                                  |   |   |   |   |   |   |
| 3.80%      - 100,000 shares issued                                                                              |                                  | 10.0 |   |   |   | 10.0 |   |
| 4.50%      - 100,000 shares issued                                                                              |                                  | 10.0 |   |   |   | 10.0 |   |
| 4.20%      - 70,000 shares issued                                                                               |                                  | 7.0 |   |   |   | 7.0 |   |
| 4.35%      - 120,000 shares issued                                                                              |                                  | 12.0 |   |   |   | 12.0 |   |
| Total                                                                                                           |                                  | 39.0 |   |   |   | 39.0 |   |
| Long-term      debt (Note 9)                                                                                    |                                  | 1,452.9 |   |   |   | 1,102.9 |   |
| Total                                                                                                           |                                  | 3,124.8 |   |   |   | 2,709.8 |   |
| Commitments      and Contingencies (Note 13)                                                                    |                                  |   |   |   |   |   |   |
| Total                                                                                                           | $                                     | 5,123.1 |   |   | $ | 4,826.7 |   |
|                                                                                                            |                                  |   |   |   |   |   |   |
| The      accompanying Notes to Consolidated Financial Statements are an integral      part of these statements. |                                  |

| GREAT      PLAINS ENERGY                                                                                        |   |
|-----------------------------------------------------------------------------------------------------------------|--------|
| Consolidated      Statements of Income                                                                          |   |
| (Unaudited)                                                                                                     |   |
|                                                                                                            |   |   |   |   |   |   |
| Three      Months Ended March 31                                                                                |   | 2008 |   |   | 2007 |   |
| Operating      Revenues                                                                                         |   | (millions,      except per share amounts) |   |
| Electric      revenues - KCP&L                                                                              |   | $ | 297.6 |   |   | $ | 255.7 |   |
| Electric      revenues - Strategic Energy                                                                       |   |   | 527.6 |   |   |   | 408.0 |   |
| Other      revenues                                                                                             |   |   | 0.2 |   |   |   | 0.6 |   |
| Total                                                                                                           |   |   | 825.4 |   |   |   | 664.3 |   |
| Operating      Expenses                                                                                         |   |   |   |   |   |   |   |   |
| Fuel                                                                                                            |   |   | 54.7 |   |   |   | 52.7 |   |
| Purchased      power - KCP&L                                                                                |   |   | 30.8 |   |   |   | 16.4 |   |
| Purchased      power - Strategic Energy                                                                         |   |   | 417.5 |   |   |   | 341.5 |   |
| Operating      expenses - KCP&L                                                                             |   |   | 74.0 |   |   |   | 73.6 |   |
| Selling,      general and administrative - non-regulated                                                        |   |   | 27.0 |   |   |   | 22.8 |   |
| Maintenance                                                                                                     |   |   | 30.2 |   |   |   | 29.8 |   |
| Depreciation      and amortization                                                                              |   |   | 52.2 |   |   |   | 45.0 |   |
| General      taxes                                                                                              |   |   | 30.6 |   |   |   | 27.9 |   |
| Other                                                                                                           |   |   | - |   |   |   | 0.2 |   |
| Total                                                                                                           |   |   | 717.0 |   |   |   | 609.9 |   |
| Operating      income                                                                                           |   |   | 108.4 |   |   |   | 54.4 |   |
| Non-operating      income                                                                                       |   |   | 10.2 |   |   |   | 4.8 |   |
| Non-operating      expenses                                                                                     |   |   | (1.1 | ) |   |   | (2.7 | ) |
| Interest      charges                                                                                           |   |   | (42.1 | ) |   |   | (21.7 | ) |
| Income      before income taxes and loss from equity investments                                                |   |   | 75.4 |   |   |   | 34.8 |   |
| Income      taxes                                                                                               |   |   | (27.5 | ) |   |   | (11.0 | ) |
| Loss      from equity investments, net of income taxes                                                          |   |   | (0.4 | ) |   |   | (0.4 | ) |
| Net      income                                                                                                 |   |   | 47.5 |   |   |   | 23.4 |   |
| Preferred      stock dividend requirements                                                                      |   |   | 0.4 |   |   |   | 0.4 |   |
| Earnings      available for common shareholders                                                                 |   | $ | 47.1 |   |   | $ | 23.0 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| Average      number of common shares outstanding                                                                |   |   | 85.9 |   |   |   | 82.8 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| Basic      and diluted earnings per common share                                                                |   | $ | 0.55 |   |   | $ | 0.28 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| Cash      dividends per common share                                                                            |   | $ | 0.415 |   |   | $ | 0.415 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| The      accompanying Notes to Consolidated Financial Statements are an integral      part of these statements. |   |

| GREAT      PLAINS ENERGY                                                                                        |   |
|-----------------------------------------------------------------------------------------------------------------|--------|
| Consolidated      Statements of Cash Flows                                                                      |   |
| (Unaudited)                                                                                                     |   |
|                                                                                                            |   |   |   |   |   |   |
| Three      Months Ended March 31                                                                                |   | 2008 |   |   | 2007 |   |
| Cash      Flows from Operating Activities                                                                       |   | (millions) |   |
| Net      income                                                                                                 |   | $ | 47.5 |   |   | $ | 23.4 |   |
| Adjustments      to reconcile income to net cash from operating activities:                                     |   |   |   |   |   |   |   |   |
| Depreciation      and amortization                                                                              |   |   | 52.2 |   |   |   | 45.0 |   |
| Amortization      of:                                                                                           |   |   |   |   |   |   |   |   |
| Nuclear      fuel                                                                                               |   |   | 3.3 |   |   |   | 4.2 |   |
| Other                                                                                                           |   |   | 2.2 |   |   |   | 2.7 |   |
| Deferred      income taxes, net                                                                                 |   |   | 33.8 |   |   |   | 24.4 |   |
| Investment      tax credit amortization                                                                         |   |   | (0.3 | ) |   |   | (0.4 | ) |
| Loss      from equity investments, net of income taxes                                                          |   |   | 0.4 |   |   |   | 0.4 |   |
| Fair      value impacts from energy contracts                                                                   |   |   | (83.1 | ) |   |   | (57.3 | ) |
| Fair      value impacts from interest rate hedging                                                              |   |   | 21.9 |   |   |   | - |   |
| Other      operating activities (Note 3)                                                                        |   |   | (2.0 | ) |   |   | (37.7 | ) |
| Net      cash from operating activities                                                                         |   |   | 75.9 |   |   |   | 4.7 |   |
| Cash      Flows from Investing Activities                                                                       |   |   |   |   |   |   |   |   |
| Utility      capital expenditures                                                                               |   |   | (182.1 | ) |   |   | (67.6 | ) |
| Allowance      for borrowed funds used during construction                                                      |   |   | (5.0 | ) |   |   | (3.2 | ) |
| Purchases      of investments and nonutility property                                                           |   |   | (0.4 | ) |   |   | (0.8 | ) |
| Purchases      of nuclear decommissioning trust investments                                                     |   |   | (14.5 | ) |   |   | (30.5 | ) |
| Proceeds      from nuclear decommissioning trust investments                                                    |   |   | 13.6 |   |   |   | 29.5 |   |
| Other      investing activities                                                                                 |   |   | (5.4 | ) |   |   | (5.0 | ) |
| Net      cash from investing activities                                                                         |   |   | (193.8 | ) |   |   | (77.6 | ) |
| Cash      Flows from Financing Activities                                                                       |   |   |   |   |   |   |   |   |
| Issuance      of common stock                                                                                   |   |   | 2.3 |   |   |   | 2.8 |   |
| Issuance      of long-term debt                                                                                 |   |   | 350.0 |   |   |   | - |   |
| Issuance      fees                                                                                              |   |   | (3.0 | ) |   |   | - |   |
| Repayment      of long-term debt                                                                                |   |   | - |   |   |   | (225.0 | ) |
| Net      change in short-term borrowings                                                                        |   |   | (175.9 | ) |   |   | 308.7 |   |
| Dividends      paid                                                                                             |   |   | (36.2 | ) |   |   | (36.1 | ) |
| Other      financing activities                                                                                 |   |   | (0.6 | ) |   |   | (2.0 | ) |
| Net      cash from financing activities                                                                         |   |   | 136.6 |   |   |   | 48.4 |   |
| Net      Change in Cash and Cash Equivalents                                                                    |   |   | 18.7 |   |   |   | (24.5 | ) |
| Cash      and Cash Equivalents at Beginning of Year                                                             |   |   | 67.1 |   |   |   | 61.8 |   |
| Cash      and Cash Equivalents at End of Period                                                                 |   | $ | 85.8 |   |   | $ | 37.3 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| The      accompanying Notes to Consolidated Financial Statements are an integral      part of these statements. |   |

| GREAT      PLAINS ENERGY                                                                                        |   |
|-----------------------------------------------------------------------------------------------------------------|--------|
| Consolidated      Statements of Common Shareholders' Equity                                                     |   |
| (Unaudited)                                                                                                     |   |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Three      Months Ended March 31                                                                                |   | 2008 |   |   | 2007 |   |
|                                                                                                            |   | Shares |   | Amount |   | Shares |   |   | Amount |   |
| Common      Stock                                                                                               |   | (millions,      except share amounts) |   |
| Beginning      balance                                                                                          |   |   | 86,325,136 |   |   | $ | 1,065.9 |   |   |   | 80,405,035 |   |   | $ | 896.8 |   |
| Issuance      of common stock                                                                                   |   |   | 126,591 |   |   |   | 2.6 |   |   |   | 5,311,867 |   |   |   | 166.4 |   |
| Issuance      of restricted common stock                                                                        |   |   | 2,250 |   |   |   | 0.1 |   |   |   | 339,352 |   |   |   | 10.8 |   |
| Equity      compensation expense                                                                                |   |   |   |   |   |   | 0.7 |   |   |   |   |   |   |   | 0.4 |   |
| Unearned      Compensation                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance      of restricted common stock                                                                        |   |   |   |   |   |   | (0.1 | ) |   |   |   |   |   |   | (10.8 | ) |
| Forfeiture      of restricted common stock                                                                      |   |   |   |   |   |   | (0.1 | ) |   |   |   |   |   |   | - |   |
| Compensation      expense recognized                                                                            |   |   |   |   |   |   | 1.4 |   |   |   |   |   |   |   | 0.8 |   |
| Other                                                                                                           |   |   |   |   |   |   | (0.4 | ) |   |   |   |   |   |   | - |   |
| Ending      balance                                                                                             |   |   | 86,453,977 |   |   |   | 1,070.1 |   |   |   | 86,056,254 |   |   |   | 1,064.4 |   |
| Retained      Earnings                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance                                                                                          |   |   |   |   |   |   | 506.9 |   |   |   |   |   |   |   | 493.4 |   |
| Cumulative      effect of a change in accounting principle (Note 10)                                            |   |   |   | - |   |   |   |   |   |   |   | (0.9 | ) |
| Net      income                                                                                                 |   |   |   |   |   |   | 47.5 |   |   |   |   |   |   |   | 23.4 |   |
| Dividends:                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock                                                                                               |   |   |   |   |   |   | (35.8 | ) |   |   |   |   |   |   | (35.7 | ) |
| Preferred      stock - at required rates                                                                        |   |   |   |   |   |   | (0.4 | ) |   |   |   |   |   |   | (0.4 | ) |
| Performance      shares                                                                                         |   |   |   |   |   |   | (0.1 | ) |   |   |   |   |   |   | (0.1 | ) |
| Ending      balance                                                                                             |   |   |   |   |   |   | 518.1 |   |   |   |   |   |   |   | 479.7 |   |
| Treasury      Stock                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance                                                                                          |   |   | (90,929 | ) |   |   | (2.8 | ) |   |   | (53,499 | ) |   |   | (1.6 | ) |
| Treasury      shares acquired                                                                                   |   |   | (19,176 | ) |   |   | (0.5 | ) |   |   | (18,434 | ) |   |   | (0.6 | ) |
| Ending      balance                                                                                             |   |   | (110,105 | ) |   |   | (3.3 | ) |   |   | (71,933 | ) |   |   | (2.2 | ) |
| Accumulated      Other Comprehensive Income (Loss)                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance                                                                                          |   |   |   |   |   |   | (2.1 | ) |   |   |   |   |   |   | (46.7 | ) |
| Derivative      hedging activity, net of tax                                                                    |   |   |   |   |   |   | 50.0 |   |   |   |   |   |   |   | 68.4 |   |
| Change      in unrecognized pension expense, net of tax                                                         |   |   |   |   |   |   | 0.1 |   |   |   |   |   |   |   | 0.1 |   |
| Ending      balance                                                                                             |   |   |   |   |   |   | 48.0 |   |   |   |   |   |   |   | 21.8 |   |
| Total      Common Shareholders' Equity                                                                          |   |   |   |   |   | $ | 1,632.9 |   |   |   |   |   |   | $ | 1,563.7 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying Notes to Consolidated Financial Statements are an integral      part of these statements. |   |   |   |   |   |

| GREAT PLAINS ENERGY                                                                                             |       |
|-----------------------------------------------------------------------------------------------------------------|------------|
| Consolidated      Statements of Comprehensive Income                                                            |       |
| (Unaudited)                                                                                                     |       |
|                                                                                                            |       |   |   |   |   |
|                                                                                                            |       |   |   |   |   |
|                                                                                                            |       |   |   |   |   |
|                                                                                                            |       |   |   |   |   |
| Three      Months Ended March 31                                                                                | 2008       |   |   | 2007 |   |
|                                                                                                            | (millions) |   |
| Net      income                                                                                                 | $          | 47.5 |   |   | $ | 23.4 |   |
| Other      comprehensive income                                                                                 |       |   |   |   |   |   |   |
| Gain      on derivative hedging instruments                                                                     |       | 81.6 |   |   |   | 94.1 |   |
| Income      taxes                                                                                               |       | (34.0 | ) |   |   | (38.6 | ) |
| Net      gain on derivative hedging instruments                                                                 |       | 47.6 |   |   |   | 55.5 |   |
| Reclassification      to expenses, net of tax                                                                   |       | 2.4 |   |   |   | 12.9 |   |
| Derivative      hedging activity, net of tax                                                                    |       | 50.0 |   |   |   | 68.4 |   |
| Defined      benefit pension plans                                                                              |       |   |   |   |   |   |   |
| Amortization      of net gains included in                                                                      |       |   |   |   |   |   |   |
| net      periodic benefit costs                                                                                 |       | 0.1 |   |   |   | 0.1 |   |
| Net      change in unrecognized pension expense                                                                 |       | 0.1 |   |   |   | 0.1 |   |
| Comprehensive      income                                                                                       | $          | 97.6 |   |   | $ | 91.9 |   |
|                                                                                                            |       |   |   |   |   |   |   |
| The      accompanying Notes to Consolidated Financial Statements are an integral      part of these statements. |       |

| KANSAS CITY POWER & LIGHTCOMPANY                                                                                         |                                  |
|------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|
| Consolidated      Balance Sheets                                                                                             |                                  |
| (Unaudited)                                                                                                                  |                                  |
|                                                                                                                         |                                  |   |   |   |   |
|                                                                                                                         | March      31                         |   |   | December      31 |   |
|                                                                                                                         | 2008                                  |   |   | 2007 |   |
| ASSETS                                                                                                                       | (millions,      except share amounts) |   |
| Current      Assets                                                                                                          |                                  |   |   |   |   |
| Cash      and cash equivalents                                                                                               | $                                     | 4.9 |   |   | $ | 3.2 |   |
| Receivables,      net                                                                                                        |                                  | 143.9 |   |   |   | 176.4 |   |
| Fuel      inventories, at average cost                                                                                       |                                  | 42.9 |   |   |   | 35.9 |   |
| Materials      and supplies, at average cost                                                                                 |                                  | 65.4 |   |   |   | 64.0 |   |
| Deferred      refueling outage costs                                                                                         |                                  | 10.7 |   |   |   | 6.5 |   |
| Refundable      income taxes                                                                                                 |                                  | 17.4 |   |   |   | 16.6 |   |
| Deferred      income taxes                                                                                                   |                                  | 1.6 |   |   |   | 3.4 |   |
| Prepaid      expenses                                                                                                        |                                  | 12.3 |   |   |   | 10.4 |   |
| Derivative      instruments                                                                                                  |                                  | 3.1 |   |   |   | 0.7 |   |
| Total                                                                                                                        |                                  | 302.2 |   |   |   | 317.1 |   |
| Nonutility      Property and Investments                                                                                     |                                  |   |   |   |   |   |   |
| Nuclear      decommissioning trust fund                                                                                      |                                  | 106.9 |   |   |   | 110.5 |   |
| Other                                                                                                                        |                                  | 4.8 |   |   |   | 6.2 |   |
| Total                                                                                                                        |                                  | 111.7 |   |   |   | 116.7 |   |
| Utility      Plant, at Original Cost                                                                                         |                                  |   |   |   |   |   |   |
| Electric                                                                                                                     |                                  | 5,514.2 |   |   |   | 5,450.6 |   |
| Less-accumulated      depreciation                                                                                           |                                  | 2,638.9 |   |   |   | 2,596.9 |   |
| Net      utility plant in service                                                                                            |                                  | 2,875.3 |   |   |   | 2,853.7 |   |
| Construction      work in progress                                                                                           |                                  | 662.9 |   |   |   | 530.2 |   |
| Nuclear      fuel, net of amortization of $123.5 and $120.2                                                                  |                                  | 57.8 |   |   |   | 60.6 |   |
| Total                                                                                                                        |                                  | 3,596.0 |   |   |   | 3,444.5 |   |
| Deferred      Charges and Other Assets                                                                                       |                                  |   |   |   |   |   |   |
| Regulatory      assets                                                                                                       |                                  | 401.2 |   |   |   | 400.1 |   |
| Derivative      instruments                                                                                                  |                                  | 0.1 |   |   |   | - |   |
| Other                                                                                                                        |                                  | 16.6 |   |   |   | 13.6 |   |
| Total                                                                                                                        |                                  | 417.9 |   |   |   | 413.7 |   |
| Total                                                                                                                        | $                                     | 4,427.8 |   |   | $ | 4,292.0 |   |
|                                                                                                                         |                                  |   |   |   |   |   |   |
| The      disclosures regarding consolidated      KCP&L included in the accompanying Notes to Consolidated      Financial |                                  |
| Statements      are an integral part of these statements.                                                                    |                                  |   |   |   |   |   |   |
|                                                                                                                         |                                  |   |   |   |   |   |   |

| KANSAS      CITY POWER & LIGHT COMPANY                                                                                    |                                  |
|-------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|
| Consolidated      Balance Sheets                                                                                              |                                  |
| (Unaudited)                                                                                                                   |                                  |
|                                                                                                                          |                                  |   |   |   |   |
|                                                                                                                          | March      31                         |   |   | December      31 |   |
|                                                                                                                          | 2008                                  |   |   | 2007 |   |
| LIABILITIES      AND CAPITALIZATION                                                                                           | (millions,      except share amounts) |   |
| Current      Liabilities                                                                                                      |                                  |   |   |   |   |
| Notes      payable to Great Plains Energy                                                                                     | $                                     | - |   |   | $ | 0.6 |   |
| Commercial      paper                                                                                                         |                                  | 163.9 |   |   |   | 365.8 |   |
| Accounts      payable                                                                                                         |                                  | 255.0 |   |   |   | 243.4 |   |
| Accrued      taxes                                                                                                            |                                  | 36.3 |   |   |   | 19.0 |   |
| Accrued      interest                                                                                                         |                                  | 20.3 |   |   |   | 9.6 |   |
| Accrued      compensation and benefits                                                                                        |                                  | 22.9 |   |   |   | 21.6 |   |
| Pension      and post-retirement liability                                                                                    |                                  | 1.1 |   |   |   | 1.1 |   |
| Derivative      instruments                                                                                                   |                                  | - |   |   |   | 28.0 |   |
| Other                                                                                                                         |                                  | 9.1 |   |   |   | 8.7 |   |
| Total                                                                                                                         |                                  | 508.6 |   |   |   | 697.8 |   |
| Deferred      Credits and Other Liabilities                                                                                   |                                  |   |   |   |   |   |   |
| Deferred      income taxes                                                                                                    |                                  | 635.7 |   |   |   | 642.2 |   |
| Deferred      investment tax credits                                                                                          |                                  | 26.7 |   |   |   | 27.0 |   |
| Asset      retirement obligations                                                                                             |                                  | 107.4 |   |   |   | 94.5 |   |
| Pension      and post-retirement liability                                                                                    |                                  | 148.4 |   |   |   | 149.4 |   |
| Regulatory      liabilities                                                                                                   |                                  | 138.9 |   |   |   | 144.1 |   |
| Other                                                                                                                         |                                  | 54.0 |   |   |   | 54.2 |   |
| Total                                                                                                                         |                                  | 1,111.1 |   |   |   | 1,111.4 |   |
| Capitalization                                                                                                                |                                  |   |   |   |   |   |   |
| Common      shareholder's equity                                                                                              |                                  |   |   |   |   |   |   |
| Common      stock-1,000 shares authorized without par value                                                                   |                                  |   |   |   |   |   |   |
| 1      share issued, stated value                                                                                             |                                  | 1,115.6 |   |   |   | 1,115.6 |   |
| Retained      earnings                                                                                                        |                                  | 353.0 |   |   |   | 371.3 |   |
| Accumulated      other comprehensive loss                                                                                     |                                  | (13.9 | ) |   |   | (7.5 | ) |
| Total                                                                                                                         |                                  | 1,454.7 |   |   |   | 1,479.4 |   |
| Long-term      debt (Note 9)                                                                                                  |                                  | 1,353.4 |   |   |   | 1,003.4 |   |
| Total                                                                                                                         |                                  | 2,808.1 |   |   |   | 2,482.8 |   |
| Commitments      and Contingencies (Note 13)                                                                                  |                                  |   |   |   |   |   |   |
| Total                                                                                                                         | $                                     | 4,427.8 |   |   | $ | 4,292.0 |   |
|                                                                                                                          |                                  |   |   |   |   |   |   |
|  The disclosures      regarding consolidated KCP&L included in the accompanying Notes to      Consolidated Financial |
|  Statements are an      integral part of these statements.                                                               |                                  |   |   |   |   |   |   |

| KANSAS CITY POWER & LIGHTCOMPANY                                                                          |   |
|---------------------------------------------------------------------------------------------------------------|--------|
| Consolidated      Statements of Income                                                                        |   |
| (Unaudited)                                                                                                   |   |
|                                                                                                          |   |   |   |   |   |   |
| Three      Months Ended March 31                                                                              |   | 2008 |   |   | 2007 |   |
| Operating      Revenues                                                                                       |   | (millions) |   |
| Electric      revenues                                                                                        |   | $ | 297.6 |   |   | $ | 255.7 |   |
| Operating      Expenses                                                                                       |   |   |   |   |   |   |   |   |
| Fuel                                                                                                          |   |   | 54.7 |   |   |   | 52.7 |   |
| Purchased      power                                                                                          |   |   | 30.8 |   |   |   | 16.4 |   |
| Operating      expenses                                                                                       |   |   | 74.0 |   |   |   | 73.6 |   |
| Maintenance                                                                                                   |   |   | 29.0 |   |   |   | 29.8 |   |
| Depreciation      and amortization                                                                            |   |   | 50.2 |   |   |   | 43.0 |   |
| General      taxes                                                                                            |   |   | 29.5 |   |   |   | 26.9 |   |
| Other                                                                                                         |   |   | - |   |   |   | 0.2 |   |
| Total                                                                                                         |   |   | 268.2 |   |   |   | 242.6 |   |
| Operating      income                                                                                         |   |   | 29.4 |   |   |   | 13.1 |   |
| Non-operating      income                                                                                     |   |   | 3.4 |   |   |   | 3.6 |   |
| Non-operating      expenses                                                                                   |   |   | (1.2 | ) |   |   | (1.4 | ) |
| Interest      charges                                                                                         |   |   | (16.8 | ) |   |   | (18.2 | ) |
| Income      (loss) before income taxes                                                                        |   |   | 14.8 |   |   |   | (2.9 | ) |
| Income      taxes                                                                                             |   |   | 2.2 |   |   |   | 4.9 |   |
| Net      income                                                                                               |   | $ | 17.0 |   |   | $ | 2.0 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| The      disclosures regarding consolidated KCP&L included in the accompanying      Notes to Consolidated |   |
| Financial      Statements are an integral part of these statements.                                           |   |   |   |   |   |   |   |   |

| KANSAS      CITY POWER & LIGHT COMPANY                                                                    |   |
|---------------------------------------------------------------------------------------------------------------|--------|
| Consolidated      Statements of Cash Flows                                                                    |   |
| (Unaudited)                                                                                                   |   |
|                                                                                                          |   |   |   |   |   |   |
| Three      Months Ended March 31                                                                              |   | 2008 |   |   | 2007 |   |
| Cash      Flows from Operating Activities                                                                     |   | (millions) |   |
| Net      income                                                                                               |   | $ | 17.0 |   |   | $ | 2.0 |   |
| Adjustments      to reconcile income to net cash from operating activities:                                   |   |   |   |   |   |   |   |   |
| Depreciation      and amortization                                                                            |   |   | 50.2 |   |   |   | 43.0 |   |
| Amortization      of:                                                                                         |   |   |   |   |   |   |   |   |
| Nuclear      fuel                                                                                             |   |   | 3.3 |   |   |   | 4.2 |   |
| Other                                                                                                         |   |   | 1.7 |   |   |   | 1.8 |   |
| Deferred      income taxes, net                                                                               |   |   | 0.2 |   |   |   | 1.3 |   |
| Investment      tax credit amortization                                                                       |   |   | (0.3 | ) |   |   | (0.4 | ) |
| Other      operating activities (Note 3)                                                                      |   |   | 14.2 |   |   |   | (10.5 | ) |
| Net      cash from operating activities                                                                       |   |   | 86.3 |   |   |   | 41.4 |   |
| Cash      Flows from Investing Activities                                                                     |   |   |   |   |   |   |   |   |
| Utility      capital expenditures                                                                             |   |   | (182.1 | ) |   |   | (67.6 | ) |
| Allowance      for borrowed funds used during construction                                                    |   |   | (5.0 | ) |   |   | (3.2 | ) |
| Purchases      of nuclear decommissioning trust investments                                                   |   |   | (14.5 | ) |   |   | (30.5 | ) |
| Proceeds      from nuclear decommissioning trust investments                                                  |   |   | 13.6 |   |   |   | 29.5 |   |
| Other      investing activities                                                                               |   |   | (5.7 | ) |   |   | (2.8 | ) |
| Net      cash from investing activities                                                                       |   |   | (193.7 | ) |   |   | (74.6 | ) |
| Cash      Flows from Financing Activities                                                                     |   |   |   |   |   |   |   |   |
| Issuance      of long-term debt                                                                               |   |   | 350.0 |   |   |   | - |   |
| Repayment      of long-term debt                                                                              |   |   | - |   |   |   | (225.0 | ) |
| Net      change in short-term borrowings                                                                      |   |   | (201.9 | ) |   |   | 292.7 |   |
| Dividends      paid to Great Plains Energy                                                                    |   |   | (36.0 | ) |   |   | (34.0 | ) |
| Issuance      fees                                                                                            |   |   | (3.0 | ) |   |   | - |   |
| Net      cash from financing activities                                                                       |   |   | 109.1 |   |   |   | 33.7 |   |
| Net      Change in Cash and Cash Equivalents                                                                  |   |   | 1.7 |   |   |   | 0.5 |   |
| Cash      and Cash Equivalents at Beginning of Year                                                           |   |   | 3.2 |   |   |   | 1.8 |   |
| Cash      and Cash Equivalents at End of Period                                                               |   | $ | 4.9 |   |   | $ | 2.3 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| The      disclosures regarding consolidated KCP&L included in the accompanying      Notes to Consolidated |   |
| Financial      Statements are an integral part of these statements.                                           |   |   |   |   |   |   |   |   |

| KANSAS      CITY POWER & LIGHT COMPANY                                                                                             |                                  |
|----------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|
| Consolidated      Statements of Common Shareholder's Equity                                                                            |                                  |
| (Unaudited)                                                                                                                            |                                  |
|                                                                                                                                   |                                  |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Three      Months Ended March 31                                                                                                       |                                  | 2008 |   |   | 2007 |   |
|                                                                                                                                   |                                  | Shares |   |   | Amount |   |   | Shares |   |   | Amount |   |
|                                                                                                                                   | (millions,      except share amounts) |   |
| Common      Stock                                                                                                                      |                                  |   |        1 |   |   | $ | 1,115.6 |   |   |   | 1 |   |   | $ | 1,021.6 |   |
| Retained      Earnings                                                                                                                 |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance                                                                                                                 |                                  |   |   |   |   |   | 371.3 |   |   |   |   |   |   |   | 354.8 |   |
| Cumulative      effect of a change in accounting principle (Note 10)                                                                   |                                  |   |   | - |   |   |   |   |   |   |   | (0.2 | ) |
| Net      income                                                                                                                        |                                  |   |   |   |   |   | 17.0 |   |   |   |   |   |   |   | 2.0 |   |
| Transfer      of HSS to KLT Inc.                                                                                                       |                                  |   |   |   |   |   | 0.7 |   |   |   |   |   |   |   | - |   |
| Dividends:                                                                                                                             |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock held by Great Plains Energy                                                                                          |                                  |   |   |   |   |   | (36.0 | ) |   |   |   |   |   |   | (34.0 | ) |
| Ending      balance                                                                                                                    |                                  |   |   |   |   |   | 353.0 |   |   |   |   |   |   |   | 322.6 |   |
| Accumulated      Other Comprehensive Income (Loss)                                                                                     |                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance                                                                                                                 |                                  |   |   |   |   |   | (7.5 | ) |   |   |   |   |   |   | 6.7 |   |
| Derivative      hedging activity, net of tax                                                                                           |                                  |   |   |   |   |   | (6.4 | ) |   |   |   |   |   |   | 0.3 |   |
| Ending      balance                                                                                                                    |                                  |   |   |   |   |   | (13.9 | ) |   |   |   |   |   |   | 7.0 |   |
| Total      Common Shareholder's Equity                                                                                                 |                                  |   |   |   |   | $ | 1,454.7 |   |   |   |   |   |   | $ | 1,351.2 |   |
|                                                                                                                                   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The      disclosures regarding consolidated KCP&L included in the accompanying      Notes to Consolidated Financial Statements are |                                  |
| an      integral part of these statements.                                                                                             |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| KANSAS      CITY POWER & LIGHT COMPANY                                                                              |       |
|-------------------------------------------------------------------------------------------------------------------------|------------|
| Consolidated      Statements of Comprehensive Income                                                                    |       |
| (Unaudited)                                                                                                             |       |
|                                                                                                                    |       |   |   |   |   |
|                                                                                                                    |       |   |   |   |   |
|                                                                                                                    |       |   |   |   |   |
|                                                                                                                    |       |   |   |   |   |
| Three      Months Ended March 31                                                                                        | 2008       |   |   | 2007 |   |
|                                                                                                                    | (millions) |   |
| Net      income                                                                                                         | $          | 17.0 |   |   | $ | 2.0 |   |
| Other      comprehensive income (loss)                                                                                  |       |   |   |   |   |   |   |
| Gain      (loss) on derivative hedging instruments                                                                      |       | (10.3 | ) |   |   | 0.5 |   |
| Income      taxes                                                                                                       |       | 3.9 |   |   |   | (0.2 | ) |
| Derivative      hedging activity, net of tax                                                                            |       | (6.4 | ) |   |   | 0.3 |   |
| Comprehensive      income                                                                                               | $          | 10.6 |   |   | $ | 2.3 |   |
|                                                                                                                    |       |   |   |   |   |   |   |
| The      disclosures regarding consolidated KCP&L included in the accompanying      Notes to Consolidated Financial |       |
| Statements      are an integral part of these statements.                                                               |       |   |   |   |   |   |   |

| 1.   | SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES |
|----------------|-------------------------------------------------|

| ·   | KCP&L      is an integrated, regulated electric utility that provides electricity to      customers primarily in the states of Missouri and Kansas.  At      the end of 2007, KCP&L had two wholly owned subsidiaries, Kansas City      Power & Light Receivables Company (Receivables Company) and Home      Service Solutions (HSS).  HSS has no active operations and      effective January 2, 2008, its ownership was transferred to KLT      Inc. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | KLT      Inc. is an intermediate holding company that primarily holds indirect      interests in Strategic Energy, L.L.C. (Strategic Energy), which provides      competitive retail electricity supply services in several electricity      markets offering retail choice, and holds investments in affordable      housing limited partnerships.  KLT Inc.      also wholly owns KLT Gas,      Inc.,KLT Telecom Inc. and effective January 2, 2008, HSS,      which have no active operations. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Innovative      Energy Consultants Inc. (IEC) is an intermediate holding company that      holds an indirect interest in Strategic Energy.  IEC does not      own or operate any assets other than its indirect interest in Strategic      Energy.  When combined with KLT Inc.’s indirect interest in      Strategic Energy, the Company indirectly owns 100% of Strategic      Energy. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In      April 2008, Great Plains Energy entered into an agreement to sell      Strategic Energy.  See Note 11 for additional      information. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy Services Incorporated (Services) provides services at cost      to Great Plains Energy and its subsidiaries, including      KCP&L. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                     |                                            |   |   |   |   |   |
|----------------------------------------------------------|-------------------------------------------------|--------|--------|--------|--------|--------|
| Three      Months Ended March 31                         |                                            | 2008   |   |   | 2007   |   |
| Income                                                   |  (millions,      except per share amounts) |
| Net      income                                          |                                            | $      | 47.5   |   |   | $      | 23.4 |   |
| Less:      preferred stock dividend requirements         |                                            |   | 0.4    |   |   |   | 0.4 |   |
| Earnings      available for common shareholders          |                                            | $      | 47.1   |   |   | $      | 23.0 |   |
| Common      Shares Outstanding                           |                                            |   |   |   |   |   |   |   |
| Average      number of common shares outstanding         |                                            |   | 85.9   |   |   |   | 82.8 |   |
| Add:      effect of dilutive securities                  |                                            |   | -      |   |   |   | 0.5 |   |
| Diluted      average number of common shares outstanding |                                            |   | 85.9   |   |   |   | 83.3 |   |
|                                                     |                                            |   |   |   |   |   |   |   |
| Basic      and diluted EPS                               |                                            | $      | 0.55   |   |   | $      | 0.28 |   |
|                                                     |                                            |   |   |   |   |   |   |   |

| 2.   | ANTICIPATED      ACQUISITION OF AQUILA, INC. |
|----------------|----------------------------------------------|

| 3.   | SUPPLEMENTAL      CASH FLOW INFORMATION |
|----------------|-----------------------------------------|

| Great      Plains Energy Other Operating Activities      |             |                                                            |    |   |                                                                            |
|----------------------------------------------------------|------------------|-----------------------------------------------------------------|---------|--------|---------------------------------------------------------------------------------|
| Three      Months Ended March 31                         | 2008             | 2007                                                            |
| Cash      flows affected by changes in:                  |  (millions) |
| Receivables                                              |  $          |      33.4                              |    | $      | 12.7                                                                            |   |
| Fuel      inventories                                    |             |         (7.2            | )       |   |         (2.0                            | ) |
| Materials      and supplies                              |             |         (1.4            | )  |   |         (0.4                            | ) |
| Accounts      payable                                    |             |         26.8            |    |   |       (37.6                                       | ) |
| Accrued      taxes                                       |             |           1.7 |    |   |           1.0                 |   |
| Accrued      interest                                    |             |           9.4 |    |   |           2.0                 |   |
| Deferred      refueling outage costs                     |             |         (4.2            | )       |   |           2.1                 |   |
| Pension      and post-retirement benefit obligations     |             |           8.7 |    |   |           6.7                 |   |
| Allowance      for equity funds used during construction |             |         (2.5            | )       |   |         (0.1                            | ) |
| Deferred      merger costs                               |             |         (2.4            | )       |   |         (7.1                            | ) |
| T-Lock      settlement                                   |             |       (41.2                       | )       |   |              - |   |
| Other                                                    |             |       (23.1                       | )       |   |       (15.0                                       | ) |
| Total      other operating activities                    |  $          |      (2.0                              | )       | $      | (37.7                                                                           | ) |
| Cash      paid during the period:                        |             |                                                            |    |   |                                                                            |   |
| Interest                                                 |  $          |       5.5                         |    | $      | 18.6                                                                            |   |
| Income      taxes                                        |  $          |        8.6                   |    | $      | 3.2                                                                             |   |
| Non-cash      investing activities:                      |             |                                                            |    |   |                                                                            |   |
| Liabilities      assumed for capital expenditures        |  $          |      75.8                              |    | $      | 36.5                                                                            |   |
|                                                     |             |                                                            |    |   |                                                                            |

| KCP&L      Other Operating Activities                |             |                                                             |    |   |                                                                            |
|----------------------------------------------------------|------------------|------------------------------------------------------------------|---------|--------|---------------------------------------------------------------------------------|
| Three      Months Ended March 31                         | 2008             | 2007                                                             |
| Cash      flows affected by changes in:                  |  (millions) |
| Receivables                                              |  $          |     32.8                                     |    | $      | 26.2                                                                            |   |
| Fuel      inventories                                    |             |         (7.2             | )       |   |         (2.0                            | ) |
| Materials      and supplies                              |             |         (1.4             | )  |   |         (0.4                            | ) |
| Accounts      payable                                    |             |       12.5                         |    |   |       (51.3                                       | ) |
| Accrued      taxes                                       |             |           17.4 |    |   |           13.1                |   |
| Accrued      interest                                    |             |           10.7 |    |   |           1.9                 |   |
| Deferred      refueling outage costs                     |             |         (4.2             | )       |   |           2.1                 |   |
| Pension      and post-retirement benefit obligations     |             |           8.1  |    |   |           6.1                 |   |
| Allowance      for equity funds used during construction |             |         (2.5             | )       |   |         (0.1                            | ) |
| T-Lock      settlement                                   |             |       (41.2                        | )       |   |              - |   |
| Other                                                    |             |       (10.8                        | )       |   |       (6.1                                        | ) |
| Total      other operating activities                    |  $          |      14.2                               |    | $      | (10.5                                                                           | ) |
| Cash      paid during the period:                        |             |                                                             |    |   |                                                                            |   |
| Interest                                                 |  $          |       5.1                          |    | $      | 15.8                                                                            |   |
| Non-cash      investing activities:                      |             |                                                             |    |   |                                                                            |   |
| Liabilities      assumed for capital expenditures        |  $          |      75.7                               |    | $      | 36.4                                                                            |   |
|                                                     |             |                                                             |    |   |                                                                            |

| 4.   | RECEIVABLES |
|----------------|-------------|

|                                                                                                          |                |                   |   |   |   |   |
|---------------------------------------------------------------------------------------------------------------|---------------------|------------------------|--------|--------|--------|--------|
|                                                                                                          |  March      31 |  December      31 |
|                                                                                                          |  2008          |  2007             |
| KCP&L                                                                                                     |                | (millions)             |   |
|  Customer      accounts receivable (a)                                                                   |                | $                      | 35.6   |   |   | $      | 45.3 |   |
|  Allowance      for doubtful accounts                                                                    |                |                   | (1.0   | )      |   |   | (1.2 | ) |
|  Intercompany      receivable from Great Plains Energy                                                   |                |                   | 4.3    |   |   |   | 10.5 |   |
|  Other      receivables                                                                                  |                |                   | 105.0  |   |   |   | 121.8 |   |
|  KCP&L      receivables                                                                              |                |                   | 143.9  |   |   |   | 176.4 |   |
| Other      Great Plains Energy                                                                                |                |                   |   |   |   |   |   |   |
|  Other      receivables                                                                                  |                |                   | 261.9  |   |   |   | 268.4 |   |
|  Elimination      of intercompany receivable                                                             |                |                   | (4.3   | )      |   |   | (10.5 | ) |
|  Allowance      for doubtful accounts                                                                    |                |                   | (7.1   | )      |   |   | (6.9 | ) |
|  Great      Plains Energy receivables                                                                    |                | $                      | 394.4  |   |   | $      | 427.4 |   |
| (a)Customer      accounts receivable included unbilled receivables of $33.5 million and      $37.7 million at |
|           March      31, 2008, and December 31, 2007,respectively.                        |

|                                                        |
|-------------------------------------------------------------|
|                                                        |   |   |   |   | Receivables |   |   | Consolidated |   |
| Three      Months Ended March 31, 2008                      |   | KCP&L |   |   | Company |   |   | KCP&L |   |
|                                                        |   | (millions) |   |
| Receivables      (sold) purchased                           |   | $ | (247.0 | ) |   | $ | 247.0 |   |   | $ | - |   |
| Gain      (loss) on sale of accounts receivable (a)         |   |   | (3.1 | ) |   |   | 3.2 |   |   |   | 0.1 |   |
| Servicing      fees                                         |   |   | 0.7 |   |   |   | (0.7 | ) |   |   | - |   |
| Fees      to outside investor                               |   |   | - |   |   |   | (0.8 | ) |   |   | (0.8) |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      flows during the period                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      from customers transferred to Receivables Company |   |   | (258.0 | ) |   |   | 258.0 |   |   |   | - |   |
| Cash      paid to KCP&L for receivables purchased       |   |   | 254.7 |   |   |   | (254.7 | ) |   |   | - |   |
| Servicing      fees                                         |   |   | 0.7 |   |   |   | (0.7 | ) |   |   | - |   |
| Interest      on intercompany note                          |   |   | 0.4 |   |   |   | (0.4 | ) |   |   | - |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                |
|-------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                |   |   |   |   | Receivables |   |   | Consolidated |   |
| Three      Months Ended March 31, 2007                                                                                              |   | KCP&L |   |   | Company |   |   | KCP&L |   |
|                                                                                                                                |   | (millions) |   |
| Receivables      (sold) purchased                                                                                                   |   | $ | (225.8 | ) |   | $ | 225.8 |   |   | $ | - |   |
| Gain      (loss) on sale of accounts receivable (a)                                                                                 |   |   | (2.5 | ) |   |   | 2.3 |   |   |   | (0.2) |   |
| Servicing      fees                                                                                                                 |   |   | 0.7 |   |   |   | (0.7 | ) |   |   | - |   |
| Fees      to outside investor                                                                                                       |   |   | - |   |   |   | (1.0 | ) |   |   | (1.0) |   |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      flows during the period                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      from customers transferred to Receivables Company                                                                         |   |   | (231.9 | ) |   |   | 231.9 |   |   |   | - |   |
| Cash      paid to KCP&L for receivables purchased                                                                               |   |   | 229.6 |   |   |   | (229.6 | ) |   |   | - |   |
| Servicing      fees                                                                                                                 |   |   | 0.7 |   |   |   | (0.7 | ) |   |   | - |   |
| Interest      on intercompany note                                                                                                  |   |   | 0.6 |   |   |   | (0.6 | ) |   |   | - |   |
| (a)Any      net gain (loss) is the result of the timing difference inherent in      collecting receivables and over the life of the |
|          agreement      will net to zero.                                                                            |

|                                                         |
|--------------------------------------------------------------|
|                                                         |   |   |   |   |   |   |   | Consolidated |   |
|                                                         |   |  Strategic |   |   | Strategic |   |   | Strategic |   |
| Three      Months Ended March 31, 2008                       |   | Energy |   |   | Receivables |   |   | Energy |   |
|                                                         |   | (millions) |   |
| Receivables      (sold) purchased                            |   | $ | (558.3 | ) |   | $ | 558.3 |   |   | $ | - |   |
| Gain      (loss) on sale of accounts receivable (a)          |   |   | (4.3 | ) |   |   | 4.3 |   |   |   | - |   |
| Servicing      fees                                          |   |   | 0.7 |   |   |   | (0.7 | ) |   |   | - |   |
| Fees      to outside investor                                |   |   | - |   |   |   | (0.2 | ) |   |   | (0.2) |   |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      flows during the period                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      paid to Strategic Energy for receivables purchased |   |   | 561.1 |   |   |   | (561.1 | ) |   |   | - |   |
| Servicing      fees                                          |   |   | 1.2 |   |   |   | (1.2 | ) |   |   | - |   |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |   |

| 5.   | REGULATORY      MATTERS |
|----------------|-------------------------|

| ·   | Based      on the top end of the new estimate ranges, the combined increase in      projected costs of the Iatan No.      1      environmental project and the new Iatan No.      2      unit is approximately 19%. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Compared to the      previous estimate of $837 million - $914 million provided      in the 2006 Form 10-K, KCP&L’s      approximate 55%      share of the total projected cost of Iatan      No.      2 has increased to a range of $994 million - $1.051 billion, with the top      end of the range representing a 15%      increase. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      in-service date for Iatan No. 2 continues to be the summer of      2010. |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | KCP&L’s      70% share      of the projected cost of the Iatan No. 1      environmental project has increased to a range of $330 million - $350      million.  This      represents an increase of 33% compared to the      top end of the previous range      estimate of $255 million - $264 million for      Iatan No. 1 included in the total      amount for Environmental Retrofit      Projects in      KCP&L’s Comprehensive Energy Plan of $423 million - $443      millionprovided      in the 2006 Form10-K. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      in-service date for the Iatan No. 1 project is now expected to be February      2009 compared to the previous estimate of year-end  2008. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                  |
|-------------------------------------------------------|
|                                                  |   | March      31 |   |  December      31 |
|                                                  |   | 2008 |   |  2007 |
| Regulatory      Assets                                |   | (millions) |   |
| Taxes      recoverable through future rates           |   | $ | 65.2 |   |   | $ | 66.5 |   |
| Loss      on reacquired debt                          |   |   | 6.0 |   |   |   | 5.9 |   |
| Change      in depreciable life of Wolf Creek         |   |   | 45.4 |   |   |   | 45.4 |   |
| Cost      of removal                                  |   |   | 9.4 |   |   |   | 8.4 |   |
| Asset      retirement obligations                     |   |   | 18.9 |   |   |   | 18.5 |   |
| SFAS      No. 158 pension and post-retirement costs   |   |   | 136.7 |   |   |   | 146.8 |   |
| Other      pension and post-retirement costs          |   |   | 76.9 |   |   |   | 76.1 |   |
| Surface      Transportation Board litigation expenses |   |   | 1.8 |   |   |   | 1.8 |   |
| Deferred      customer programs                       |   |   | 13.3 |   |   |   | 11.6 |   |
| Rate      case expenses                               |   |   | 3.0 |   |   |   | 3.2 |   |
| Skill      set realignment costs                      |   |   | 8.7 |   |   |   | 8.9 |   |
| Kansas      Energy Cost Adjustment                    |   |   | 9.5 |   |   |   | - |   |
| Other                                                 |   |   | 6.4 |   |   |   | 7.0 |   |
| Total                                                 |   | $ | 401.2 |   |   | $ | 400.1 |   |
| Regulatory      Liabilities                           |   |   |   |   |   |   |   |   |
| Emission      allowances                              |   | $ | 87.1 |   |   | $ | 87.5 |   |
| Asset      retirement obligations                     |   |   | 34.6 |   |   |   | 39.4 |   |
| Additional      Wolf Creek amortization (Missouri)    |   |   | 14.6 |   |   |   | 14.6 |   |
| Other                                                 |   |   | 2.6 |   |   |   | 2.6 |   |
| Total                                                 |   | $ | 138.9 |   |   | $ | 144.1 |   |
|                                                  |   |   |   |   |   |   |   |   |

| 6.   | PENSION      PLANS AND OTHER EMPLOYEE BENEFITS |
|----------------|------------------------------------------------|

|                                         |
|----------------------------------------------|
|                                         |   | Pension      Benefits |   |   | Other      Benefits |   |
| Three      Months Ended March 31             |   | 2008 |   |   | 2007 |   |   | 2008 |   |   | 2007 |
| Components      of net periodic benefit cost |   | (millions) |   |
| Service      cost                            |   | $ | 4.5 |   |   | $ | 4.5 |   |   | $ | 0.4 |   |   | $ | 0.2 |   |
| Interest      cost                           |   |   | 8.0 |   |   |   | 7.4 |   |   |   | 1.1 |   |   |   | 0.8 |   |
| Expected      return on plan assets          |   |   | (8.0 | ) |   |   | (7.3 | ) |   |   | (0.2 | ) |   |   | (0.2 | ) |
| Prior      service cost                      |   |   | 1.0 |   |   |   | 1.1 |   |   |   | 0.7 |   |   |   | - |   |
| Recognized      net actuarial loss           |   |   | 8.1 |   |   |   | 8.8 |   |   |   | 0.1 |   |   |   | 0.2 |   |
| Transition      obligation                   |   |   | - |   |   |   | - |   |   |   | 0.3 |   |   |   | 0.3 |   |
| Settlement      charge                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 0.3 |   |
| Net      periodic benefit cost before        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| regulatory      adjustment                   |   |   | 13.6 |   |   |   | 14.5 |   |   |   | 2.4 |   |   |   | 1.6 |   |
| Regulatory      adjustment                   |   |   | (1.2 | ) |   |   | (2.0 | ) |   |   | - |   |   |   | - |   |
| Net      periodic benefit cost               |   | $ | 12.4 |   |   | $ | 12.5 |   |   | $ | 2.4 |   |   | $ | 1.6 |   |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| 7.   | EQUITY      COMPENSATION |
|----------------|--------------------------|

|                             |
|----------------------------------|
| Three      Months Ended March 31 |   | 2008 |   |   | 2007 |   |
| Great      Plains Energy         |   | (millions) |   |
| Compensation      Expense        |   | $ | 2.3 |   |   | $ | 1.1 |   |
| Income      tax benefits         |   |   | 0.7 |   |   |   | 0.4 |   |
| KCP&L                        |   |   |   |   |   |   |   |   |
| Compensation      Expense        |   |   | 1.6 |   |   |   | 0.8 |   |
| Income      tax benefits         |   |   | 0.5 |   |   |   | 0.3 |   |
|                             |   |   |   |   |   |   |   |   |

|                          |
|-------------------------------|
|                          |   |   |   |  Grant      Date |
| Performance                   |   | Shares |   |  Fair      Value* |
| Beginning      balance        |   |   | 309,689 |   |   | $ | 30.34 |   |
| Performance      adjustment   |   |   | (71,616 | ) |   |   |   |   |
| Issued                        |   |   | (24,757 | ) |   |   | 30.60 |   |
| Forfeited                     |   |   | (3,149 | ) |   |   | 32.87 |   |
| Ending      balance           |   |   | 210,167 |   |   |   | 30.28 |   |
| *  weighted-average |

|                          |
|-------------------------------|
| Nonvested                     |   |   |   |  Grant      Date |
| Restricted      stock         |   | Shares |   |  Fair      Value* |
| Beginning      balance        |   |   | 446,882 |   |   | $ | 31.38 |   |
| Granted      and issued       |   |   | 2,250 |   |   |   | 27.83 |   |
| Vested                        |   |   | (28,048 | ) |   |   | 30.27 |   |
| Forfeited                     |   |   | (4,548 | ) |   |   | 32.87 |   |
| Ending      balance           |   |   | 416,536 |   |   |   | 31.42 |   |
| *  weighted-average |

| 8.   | SHORT-TERM      BORROWINGS AND SHORT-TERM BANK LINES OFCREDIT |
|----------------|---------------------------------------------------------------|

| 9.   | LONG-TERM      DEBT |
|----------------|---------------------|

|                                                          |
|---------------------------------------------------------------|
|                                                          |   |   |   | March      31 |   |   | December      31 |   |
|                                                          | Year      Due |   |   | 2008 |   |   | 2007 |   |
| KCP&L                                                     |   |   |   | (millions) |   |
| General      Mortgage Bonds                                   |   |   |   |   |   |   |   |   |
| 5.09%*      EIRR bonds                                        |  2012-2035 |   |   | $ | 158.8 |   |   | $ | 158.8 |   |
| Senior      Notes                                             |   |   |   |   |   |   |   |   |   |   |
| 6.50%                                                         | 2011 |   |   |   | 150.0 |   |   |   | 150.0 |   |
| 5.85%                                                         | 2017 |   |   |   | 250.0 |   |   |   | 250.0 |   |
| 6.375%                                                        | 2018 |   |   |   | 350.0 |   |   |   | - |   |
| 6.05%                                                         | 2035 |   |   |   | 250.0 |   |   |   | 250.0 |   |
| Unamortized      discount                                     |   |   |   |   | (1.9 | ) |   |   | (1.9 | ) |
| EIRR      bonds                                               |   |   |   |   |   |   |   |   |   |   |
| 4.65%      Series 2005                                        | 2035 |   |   |   | 50.0 |   |   |   | 50.0 |   |
| 4.75%      Series 2007A                                       | 2035 |   |   |   | 73.3 |   |   |   | 73.3 |   |
| 5.375%      Series 2007B                                      | 2035 |   |   |   | 73.2 |   |   |   | 73.2 |   |
| Total      KCP&L                                          |   |   |   |   | 1,353.4 |   |   |   | 1,003.4 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |
| Other      Great Plains Energy                                |   |   |   |   |   |   |   |   |   |   |
| 6.875%      Senior Notes                                      | 2017 |   |   |   | 100.0 |   |   |   | 100.0 |   |
| Unamortized      discount                                     |   |   |   |   | (0.5 | ) |   |   | (0.5 | ) |
| 7.74%      Affordable Housing Notes                           | 2008 |   |   |   | 0.3 |   |   |   | 0.3 |   |
| Current      maturities                                       |   |   |   |   | (0.3 | ) |   |   | (0.3 | ) |
| Total      Great Plains Energy excluding current maturities   | $ | 1,452.9 |   |   | $ | 1,102.9 |   |
| * Weighted-average      interest rates at March 31,2008. |

| ·   | secured      Series 1992 EIRR bonds maturing in 2017 totaling $31.0 million at a fixed      rate of 5.25% through March 31,2013, |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------|

| ·   | secured      Series 1993A EIRR bonds maturing in 2023 totaling $40.0 million at a fixed      rate of 5.25% through March 31, 2013,      and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | unsecured      Series 2007B EIRR bonds maturing in 2035 totaling $73.2 million at a fixed      rate of 5.375% through March 31,2013. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------|

| ·   | secured      Series 1993B EIRR bonds maturing in 2023 totaling $39.5 million at a fixed      rate of 5.00% through March 31, 2011,      and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | unsecured      Series 2007A EIRR bonds maturing in 2035 into two series: Series 2007A-1      totaling $63.3 million at a fixed rate of 5.125% through March 31, 2011      and Series 2007A-2 totaling $10.0 million at a fixed rate of 5.00% through      March 31, 2010. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                             |
|----------------------------------|
| Three      Months Ended March 31 |   | 2008 |   |   | 2007 |   |
|                             |   | (millions) |   |
| KCP&L                        |   | $ | 0.4 |   |   | $ | 0.5 |   |
| Other      Great Plains Energy   |   |   | 0.1 |   |   |   | 0.6 |   |
| Total      Great Plains Energy   |   | $ | 0.5 |   |   | $ | 1.1 |   |
|                             |

| 10.   | TAXES |
|-----------------|-------|

|                                    |
|-----------------------------------------|
| Great      Plains Energy                |   |   |   |   |   |   |
| Three      Months Ended March 31        |   | 2008 |   |   | 2007 |   |
| Current      income taxes               |   | (millions) |   |
| Federal                                 |   | $ | (5.4 | ) |   | $ | (9.0 | ) |
| State                                   |   |   | (0.7 | ) |   |   | (2.4 | ) |
| Total                                   |   |   | (6.1 | ) |   |   | (11.4 | ) |
| Deferred      income taxes              |   |   |   |   |   |   |   |   |
| Federal                                 |   |   | 25.5 |   |   |   | 19.3 |   |
| State                                   |   |   | 8.1 |   |   |   | 5.1 |   |
| Total                                   |   |   | 33.6 |   |   |   | 24.4 |   |
| Noncurrent      income taxes            |   |   |   |   |   |   |   |   |
| Federal                                 |   |   | 0.3 |   |   |   | (1.5 | ) |
| State                                   |   |   | - |   |   |   | (0.1 | ) |
| Total                                   |   |   | 0.3 |   |   |   | (1.6 | ) |
| Investment      tax credit amortization |   |   | (0.3 | ) |   |   | (0.4 | ) |
| Total      income tax expense           |   | $ | 27.5 |   |   | $ | 11.0 |   |
|                                    |

|                                    |
|-----------------------------------------|
| KCP&L                               |   |   |   |   |   |   |
| Three      Months Ended March 31        |   | 2008 |   |   | 2007 |   |
| Current      income taxes               |   | (millions) |   |
| Federal                                 |   | $ | (2.3 | ) |   | $ | (4.0 | ) |
| State                                   |   |   | - |   |   |   | (0.2 | ) |
| Total                                   |   |   | (2.3 | ) |   |   | (4.2 | ) |
| Deferred      income taxes              |   |   |   |   |   |   |   |   |
| Federal                                 |   |   | 0.1 |   |   |   | 1.2 |   |
| State                                   |   |   | - |   |   |   | 0.1 |   |
| Total                                   |   |   | 0.1 |   |   |   | 1.3 |   |
| Noncurrent      income taxes            |   |   |   |   |   |   |   |   |
| Federal                                 |   |   | 0.3 |   |   |   | (1.5 | ) |
| State                                   |   |   | - |   |   |   | (0.1 | ) |
| Total                                   |   |   | 0.3 |   |   |   | (1.6 | ) |
| Investment      tax credit amortization |   |   | (0.3 | ) |   |   | (0.4 | ) |
| Total      income tax benefit           |   | $ | (2.2 | ) |   | $ | (4.9 | ) |
|                                    |

|                                         |
|----------------------------------------------|
| Great      Plains Energy                     |  Income      Tax Expense |   | Income      Tax Rate |   |
| Three      Months Ended March 31             |   | 2008 |   |   | 2007 |   |   | 2008 |   |   | 2007 |   |
|                                         |   | (millions) |   |   |   |   |   |   |   |
| Federal      statutory income tax            |   | $ | 26.2 |   |   | $ | 12.0 |   |   |   | 35.0 | % |   |   | 35.0 | % |
| Differences      between book and tax        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| depreciation      not normalized             |   |   | (0.2 | ) |   |   | 0.9 |   |   |   | (0.3 | ) |   |   | 2.5 |   |
| Amortization      of investment tax credits  |   |   | (0.3 | ) |   |   | (0.4 | ) |   |   | (0.5 | ) |   |   | (1.0 | ) |
| Federal      income tax credits              |   |   | (2.1 | ) |   |   | (2.1 | ) |   |   | (2.9 | ) |   |   | (6.2 | ) |
| State      income taxes                      |   |   | 4.8 |   |   |   | 1.7 |   |   |   | 6.4 |   |   |   | 4.9 |   |
| Changes      in uncertain tax positions, net |   |   | - |   |   |   | (0.2 | ) |   |   | - |   |   |   | (0.7 | ) |
| Other                                        |   |   | (0.9 | ) |   |   | (0.9 | ) |   |   | (1.1 | ) |   |   | (2.4 | ) |
| Total                                        |   | $ | 27.5 |   |   | $ | 11.0 |   |   |   | 36.6 | % |   |   | 32.1 | % |
|                                         |

|                                         |
|----------------------------------------------|
| KCP&L                                    |  Income      Tax Expense |   | Income      Tax Rate |   |
| Three      Months Ended March 31             |   | 2008 |   |   | 2007 |   |   | 2008 |   |   | 2007 |   |
|                                         |   | (millions) |   |   |   |   |   |   |   |
| Federal      statutory income tax            |   | $ | 5.2 |   |   | $ | (1.0 | ) |   |   | 35.0 | % |   |   | 35.0 | % |
| Differences      between book and tax        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| depreciation      not normalized             |   |   | (0.2 | ) |   |   | 0.9 |   |   |   | (1.6 | ) |   |   | (29.9 | ) |
| Federal      income tax credits              |   |   | (2.1 | ) |   |   | (1.8 | ) |   |   | (14.0 | ) |   |   | 61.7 |   |
| Amortization      of investment tax credits  |   |   | (0.3 | ) |   |   | (0.4 | ) |   |   | (2.4 | ) |   |   | 12.1 |   |
| State      income taxes                      |   |   | 0.3 |   |   |   | (0.1 | ) |   |   | 2.1 |   |   |   | 2.2 |   |
| Changes      in uncertain tax positions, net |   |   | - |   |   |   | (0.2 | ) |   |   | - |   |   |   | 7.2 |   |
| Parent      company tax benefits             |   |   | (4.4 | ) |   |   | (1.7 | ) |   |   | (29.3 | ) |   |   | 56.7 |   |
| Other                                        |   |   | (0.7 | ) |   |   | (0.6 | ) |   |   | (4.2 | ) |   |   | 23.1 |   |
| Total                                        |   | $ | (2.2 | ) |   | $ | (4.9 | ) |   |   | (14.4 | )      % |   |   | 168.1 | % |
|                                         |

| 11.   | ANTICIPATED      SALE OF STRATEGIC ENERGY |
|-----------------|-------------------------------------------|

|                        |
|-----------------------------|
|                        |   | March      31 |
|                        |   | 2008 |
| Assets                      |   | (millions) |
| Cash                        |   | $ | 69.7 |   |
| Restricted      cash        |   |   | 0.7 |   |
| Receivables,      net       |   |   | 254.6 |   |
| Derivative      instruments |   |   | 200.9 |   |
| Nonutility      property    |   |   | 6.0 |   |
| Goodwill                    |   |   | 88.1 |   |
| Other                       |   |   | 17.5 |   |
| Total      assets           |   | $ | 637.5 |   |
| Liabilities                 |   |   |   |   |
| Accounts      payable       |   | $ | 178.9 |   |
| Accrued      taxes          |   |   | 0.4 |   |
| Derivative      instruments |   |   | 7.1 |   |
| Deferred      income taxes  |   |   | 77.3 |   |
| Other                       |   |   | 22.7 |   |
| Total      liabilities      |   | $ | 286.4 |   |
|                        |

| 12.   | RELATED      PARTY TRANSACTIONS ANDRELATIONSHIPS |
|-----------------|--------------------------------------------------|

| 13.   | COMMITMENTS      AND CONTINGENCIES |
|-----------------|------------------------------------|

|                                                         |
|--------------------------------------------------------------|
| Clean      Air Estimated Required                            |   |   |   |   |   |   |   |   |   |   |   |
| Environmental      Expenditures (a)                          |   | Missouri | Kansas | Total |
|                                                         |   | (millions) |
| CAIR                                                         |   | $478 | - | 661 |  $ | - |   | $478 | - | 661 | (b) |
| Incremental      BART                                        |   |   | - |   | 538 | - | 657 | 538 | - | 657 | (c) |
| Less:      expenditures through March 31, 2008               |   |   | (139) |   |   | - |   |   | (139) |   |   |
| Estimated      remaining required environmental expenditures |   | $339 | - | 522 | $538 | - | 657 | $877 | - | 1,179 |   |
| (a)                                                          | The      amounts reflect KCP&L's portion of the cost of projects at      jointly-owned units. |   |   |   |   |   |   |   |
| (b)                                                          | Changes      from the 2007 Form 10-K reflect a change in assumptions related to the      type of equipment that may be installed at the |
|                                                         | Montrose      Station and updated estimates for Iatan No. 1. |
| (c)                                                          | Reflects      an estimated $261 million to $318 million associated with the LaCygne No.      1 baghouse and scrubber project included |
|                                                         | in      the Comprehensive Energy Plan. |

| Great      Plains Energy Contractual Commitments |
|--------------------------------------------------|
|                                             |  Remainder      of |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                             |  2008 |   | 2009 |   |   | 2010 |   |   | 2011 |   |   | 2012 |   |  After      2012 |   | Total |   |
| Purchase      commitments                        |   | (millions) |   |
| Fuel                                             |   | $ | 120.7 |   |   | $ | 109.8 |   |   | $ | 79.8 |   |   | $ | 33.1 |   |   | $ | 15.3 |   |   | $ | 189.1 |   |   | $ | 547.8 |   |
| Purchased      power                             |   |   | 549.4 |   |   |   | 416.4 |   |   |   | 288.1 |   |   |   | 160.4 |   |   |   | 37.2 |   |   |   | - |   |   |   | 1,451.5 |   |
| Comprehensive      Energy Plan                   |   |   | 738.0 |   |   |   | 289.0 |   |   |   | 52.0 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,079.0 |   |
| Total      contractual commitments               |   | $ | 1,408.1 |   |   | $ | 815.2 |   |   | $ | 419.9 |   |   | $ | 193.5 |   |   | $ | 52.5 |   |   | $ | 189.1 |   |   | $ | 3,078.3 |   |
|                                             |

| KCP&L      Contractual Commitments |
|----------------------------------------|
|                                   |  Remainder      of |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                   |  2008 |   | 2009 |   |   | 2010 |   |   | 2011 |   |   | 2012 |   |  After      2012 |   | Total |   |
| Purchase      commitments              |   | (millions) |   |
| Fuel                                   |   | $ | 120.7 |   |   | $ | 109.8 |   |   | $ | 79.8 |   |   | $ | 33.1 |   |   | $ | 15.3 |   |   | $ | 189.1 |   |   | $ | 547.8 |   |
| Comprehensive      Energy Plan         |   |   | 738.0 |   |   |   | 289.0 |   |   |   | 52.0 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,079.0 |   |
| Total      contractual commitments     |   | $ | 858.7 |   |   | $ | 398.8 |   |   | $ | 131.8 |   |   | $ | 33.1 |   |   | $ | 15.3 |   |   | $ | 189.1 |   |   | $ | 1,626.8 |   |
|                                   |

| 14.   | LEGAL      PROCEEDINGS |
|-----------------|------------------------|

| 15.   | ASSET      RETIREMENT OBLIGATIONS |
|-----------------|-----------------------------------|

|                   |
|------------------------|
|                   |  March      31 |  December      31 |
|                   |  2008 |  2007 |
|                   |   | (millions) |   |
| Beginning      balance |   | $ | 94.5 |   |   | $ | 91.8 |   |
| Additions              |   |   | 12.8 |   |   |   | - |   |
| Settlements            |   |   | (1.3 | ) |   |   | (1.1 | ) |
| Accretion              |   |   | 1.4 |   |   |   | 3.8 |   |
| Ending      balance    |   | $ | 107.4 |   |   | $ | 94.5 |   |
|                   |

| 16.   | SEGMENTS      AND RELATED INFORMATION |
|-----------------|---------------------------------------|

|                               |
|------------------------------------|
| Three      Months Ended            |   |   |   |   | Strategic |   |   |   |   | Great      Plains |
| March      31, 2008                |   | KCP&L |   |   | Energy |   |   | Other |   | Energy |
|                               |   | (millions) |   |
| Operating      revenues            |   | $ | 297.6 |   |   | $ | 527.8 |   |   | $ | - |   |   | $ | 825.4 |   |
| Depreciation      and amortization |   |   | (50.2 | ) |   |   | (2.0 | ) |   |   | - |   |   |   | (52.2 | ) |
| Interest      charges              |   |   | (16.8 | ) |   |   | (0.7 | ) |   |   | (24.6 | ) |   |   | (42.1 | ) |
| Income      taxes                  |   |   | 2.2 |   |   |   | (36.7 | ) |   |   | 7.0 |   |   |   | (27.5 | ) |
| Loss      from equity investments  |   |   | - |   |   |   | - |   |   |   | (0.4 | ) |   |   | (0.4 | ) |
| Net      income (loss)             |   |   | 17.0 |   |   |   | 52.9 |   |   |   | (22.4 | ) |   |   | 47.5 |   |
|                               |

|                               |
|------------------------------------|
| Three      Months Ended            |   |   |   |   | Strategic |   |   |   |   | Great      Plains |
| March      31, 2007                |   | KCP&L |   |   | Energy |   |   | Other |   | Energy |
|                               |   | (millions) |   |
| Operating      revenues            |   | $ | 255.7 |   |   | $ | 408.6 |   |   | $ | - |   |   | $ | 664.3 |   |
| Depreciation      and amortization |   |   | (43.0 | ) |   |   | (2.0 | ) |   |   | - |   |   |   | (45.0 | ) |
| Interest      charges              |   |   | (18.2 | ) |   |   | (0.8 | ) |   |   | (2.7 | ) |   |   | (21.7 | ) |
| Income      taxes                  |   |   | 4.9 |   |   |   | (17.9 | ) |   |   | 2.0 |   |   |   | (11.0 | ) |
| Loss      from equity investments  |   |   | - |   |   |   | - |   |   |   | (0.4 | ) |   |   | (0.4 | ) |
| Net      income (loss)             |   |   | 2.1 |   |   |   | 27.1 |   |   |   | (5.8 | ) |   |   | 23.4 |   |
|                               |

|                                                                                       |
|--------------------------------------------------------------------------------------------|
|                                                                                       |   |   |   |   | Strategic |   |   |   |   | Great      Plains |
|                                                                                       |   | KCP&L |   |   | Energy |   |   | Other |   | Energy |
| March      31, 2008                                                                        |   | (millions) |   |
| Assets                                                                                     |   | $ | 4,427.8 |   |   | $ | 593.2 |   |   | $ | 102.1 |   |   | $ | 5,123.1 |   |
| Capital      expenditures (a)                                                              |   |   | 182.1 |   |   |   | 0.4 |   |   |   | - |   |   |   | 182.5 |   |
| December      31, 2007                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                                                                     |   | $ | 4,290.7 |   |   | $ | 493.0 |   |   | $ | 43.0 |   |   | $ | 4,826.7 |   |
| Capital      expenditures (a)                                                              |   |   | 511.5 |   |   |   | 3.7 |   |   |   | 0.7 |   |   |   | 515.9 |   |
| (a)      Capital expenditures reflect year to date amounts for the periods      presented. |

|                               |
|------------------------------------|
| Three      Months Ended            |   |   |   |   |   |   | Consolidated |   |
| March      31, 2007                |   | KCP&L |   |   | Other |   | KCP&L |   |
|                               |   | (millions) |   |
| Operating      revenues            |   | $ | 255.7 |   |   | $ | - |   |   | $ | 255.7 |   |
| Depreciation      and amortization |   |   | (43.0 | ) |   |   | - |   |   |   | (43.0 | ) |
| Interest      charges              |   |   | (18.2 | ) |   |   | - |   |   |   | (18.2 | ) |
| Income      taxes                  |   |   | 4.9 |   |   |   | - |   |   |   | 4.9 |   |
| Net      income (loss)             |   |   | 2.1 |   |   |   | (0.1) |   |   |   | 2.0 |   |
|                               |

| 17.   | DERIVATIVE      INSTRUMENTS |
|-----------------|-----------------------------|

|                           |
|--------------------------------|
|                           |   | March      31 |   |   | December      31 |   |
|                           |   | 2008 |   |   | 2007 |   |
|                           |   | Notional |   |   |   |   | Notional |   |   |   |
|                           |   | Contract |   | Fair |   |   | Contract |   | Fair |   |
|                           |   | Amount |   | Value |   |   | Amount |   | Value |   |
| Great      Plains Energy       |   | (millions) |   |
| Swap      contracts            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      flow hedges          |   | $ | 203.7 |   |   | $ | 8.5 |   |   | $ | 267.7 |   |   | $ | (9.5 | ) |
| Non-hedging      derivatives   |   |   | 103.1 |   |   |   | 5.9 |   |   |   | 80.8 |   |   |   | (2.9 | ) |
| Forward      contracts         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      flow hedges          |   |   | 792.0 |   |   |   | 129.0 |   |   |   | 954.6 |   |   |   | 24.1 |   |
| Non-hedging      derivatives   |   |   | 345.3 |   |   |   | 53.6 |   |   |   | 300.3 |   |   |   | 3.5 |   |
| Anticipated      debt issuance |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Treasury      lock             |   |   | - |   |   |   | - |   |   |   | 350.0 |   |   |   | (28.0 | ) |
| Non-hedging      derivatives   |   |   | 250.0 |   |   |   | (38.3 | ) |   |   | 250.0 |   |   |   | (16.4 | ) |
| KCP&L                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Swap      contracts            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      flow hedges          |   |   | 7.5 |   |   |   | 2.7 |   |   |   | 5.5 |   |   |   | 0.7 |   |
| Forward      contracts         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      flow hedges          |   |   | 1.4 |   |   |   | 0.5 |   |   |   | 1.4 |   |   |   | - |   |
| Anticipated      debt issuance |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Treasury      lock             |   |   | - |   |   |   | - |   |   |   | 350.0 |   |   |   | (28.0 | ) |

|                       |
|----------------------------|
|                       |   | Great      Plains Energy |   |   | KCP&L |   |
|                       |   | March      31 |   |  December      31 |   | March      31 |   |  December      31 |
|                       |   | 2008 |   |  2007 |   | 2008 |   |  2007 |
|                       |   | (millions) |   |
| Current      assets        |   | $ | 83.2 |   |   | $ | 14.1 |   |   | $ | 16.7 |   |   | $ | 14.6 |   |
| Deferred      charges      |   |   | 45.3 |   |   |   | 31.5 |   |   |   | - |   |   |   | - |   |
| Current      liabilities   |   |   | (44.6 | ) |   |   | (48.1 | ) |   |   | (39.0 | ) |   |   | (26.6 | ) |
| Deferred      income taxes |   |   | (35.4 | ) |   |   | 0.4 |   |   |   | 8.4 |   |   |   | 4.5 |   |
| Deferred      credits      |   |   | (0.4 | ) |   |   | 0.2 |   |   |   | - |   |   |   | - |   |
| Total                      |   | $ | 48.1 |   |   | $ | (1.9 | ) |   | $ | (13.9 | ) |   | $ | (7.5 | ) |
|                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                             |
|----------------------------------|
| Three      Months Ended March 31 |   | 2008 |   |   | 2007 |   |
| Great      Plains Energy         |   | (millions) |   |
| Purchased      power expense     |   | $ | 4.1 |   |   | $ | 21.9 |   |
| Interest      expense            |   |   | 0.1 |   |   |   | (0.1 | ) |
| Income      taxes                |   |   | (1.8 | ) |   |   | (8.9 | ) |
| OCI                              |   | $ | 2.4 |   |   | $ | 12.9 |   |
| KCP&L                        |   |   |   |   |   |   |   |   |
| Interest      expense            |   | $ | - |   |   | $ | (0.1 | ) |
| Income      taxes                |   |   | - |   |   |   | 0.1 |   |
| OCI                              |   | $ | - |   |   | $ | - |   |
|                             |   |   |   |   |   |   |   |   |

| 18.   | FAIR      VALUE MEASUREMENTS |
|-----------------|------------------------------|

|                                                                                                                                                                    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                    |   |   |   |   |   |   |   | Fair      Value Measurements Using |   |
| Description                                                                                                                                                             |   | March      31 2008 |   |   | FIN      39Netting(c) |   |   | Quoted      Prices in Active Markets for Identical Assets(Level      1) |   |   | Significant      Other Observable Inputs(Level      2) |   |   | Significant      Unobservable Inputs(Level      3) |   |
| KCP&L                                                                                                                                                               |   | (millions) |   |
| Assets                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative      instruments (a)                                                                                                                                         |   | $ | 3.2 |   |   | $ | - |   |   | $ | - |   |   | $ | 3.2 |   |   | $ | - |   |
| Nuclear      decommissioning trust (b)                                                                                                                                  |   |   | 106.9 |   |   |   | - |   |   |   | 62.5 |   |   |   | 38.4 |   |   |   | 6.0 |   |
| Total                                                                                                                                                                   |   | $ | 110.1 |   |   | $ | - |   |   | $ | 62.5 |   |   | $ | 41.6 |   |   | $ | 6.0 |   |
|                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      Great Plains Energy                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative      instruments (a)                                                                                                                                         |   | $ | 200.9 |   |   | $ | (15.5 | ) |   | $ | - |   |   | $ | 104.5 |   |   | $ | 111.9 |   |
| Total                                                                                                                                                                   |   |   | 200.9 |   |   |   | (15.5 | ) |   |   | - |   |   |   | 104.5 |   |   |   | 111.9 |   |
| Liabilities                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative      instruments (a)                                                                                                                                         |   |   | 45.4 |   |   |   | (15.5 | ) |   |   | - |   |   |   | 42.0 |   |   |   | 18.9 |   |
| Total                                                                                                                                                                   |   | $ | 45.4 |   |   | $ | (15.5 | ) |   | $ | - |   |   | $ | 42.0 |   |   | $ | 18.9 |   |
|                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Great      Plains Energy                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative      instruments (a)                                                                                                                                         |   | $ | 204.1 |   |   | $ | (15.5 | ) |   | $ | - |   |   | $ | 107.7 |   |   | $ | 111.9 |   |
| Nuclear      decommissioning trust (b)                                                                                                                                  |   |   | 106.9 |   |   |   | - |   |   |   | 62.5 |   |   |   | 38.4 |   |   |   | 6.0 |   |
| Total                                                                                                                                                                   |   |   | 311.0 |   |   |   | (15.5 | ) |   |   | 62.5 |   |   |   | 146.1 |   |   |   | 117.9 |   |
| Liabilities                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative      instruments (a)                                                                                                                                         |   |   | 45.4 |   |   |   | (15.5 | ) |   |   | - |   |   |   | 42.0 |   |   |   | 18.9 |   |
| Total                                                                                                                                                                   |   | $ | 45.4 |   |   | $ | (15.5 | ) |   | $ | - |   |   | $ | 42.0 |   |   | $ | 18.9 |   |
|                                                                                                                                                                    |
| (a)The      fair value of derivative instruments is estimated using market quotes,      over-the-counter forward price and volatility                                   |
|           curves      and correlation among power and fuel prices, net of estimated credit      risk.  Upon adoption of SFAS No. 157, the      |
|           Company's      own credit risk has been incorporated into the valuation of derivative      liabilities.  This had no impact to Great |
|           Plains      Energy or KCP&L.                                                                                                          |
| (b)Fair      value is based on quoted market prices of the investments held by the      fund.                                                                           |
| (c)Represents      the difference between derivative contracts in an asset or liability      position presented on a net basis by                                       |
|          counterparty      in the consolidated financial statements as a master netting agreement      exists between the company and                    |
|          the      derivative counterparty.                                                                                                               |

|                                                                              |
|-----------------------------------------------------------------------------------|
|                                                                              |   |   |   |   |   |   |   |   |   |
| Fair      Value Measurements Using Significant Unobservable Inputs (Level      3) |
|                                                                              |   | KCP&L |   |   | Other      Great Plains Energy |   |   | Great      Plains Energy |   |
|                                                                              |   | Nuclear |   |   |   |   |   |   |   |
|                                                                              |   | Decommissioning |   |   | Derivative |   |   |   |   |
| Description                                                                       |   | Trust |   |   | Instruments |   |   | Total |   |
|                                                                              |   |  (millions) |   |
| Balance      January 1, 2008                                                      |   | $ | 6.5 |   |   | $ | 22.4 |   |   | $ | 28.9 |   |
| Total      realized/unrealized gains or (losses)                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Included      in purchased power expense                                          |   |   | - |   |   |   | 45.9 |   |   |   | 45.9 |   |
| Included      in other comprehensive income                                       |   |   | - |   |   |   | 38.2 |   |   |   | 38.2 |   |
| Included      in regulatory liability                                             |   |   | (0.1) |   |   |   |        - |   |   |   | (0.1 | ) |
| Purchase,      issuances, and settlements                                         |   |   | (0.4) |   |   |   |        1.0 |   |   |   | 0.6 |   |
| Transfers      in and/or out of Level 3                                           |   |   | - |   |   |   | (14.5) |   |   |   | (14.5 | ) |
| Balance      March 31, 2008                                                       |   | $ | 6.0 |   |   | $ | 93.0 |   |   | $ | 99.0 |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      unrealized gains and (losses) included in                              |   |   |   |   |   |   |   |   |   |   |   |   |
| purchased      power expense relating to assets still                             |   |   |   |   |   |   |   |   |   |   |   |   |
| on      the consolidated balance sheet at March 31, 2008                          |   | $ | - |   |   | $ | 34.4 |   |   | $ | 34.4 |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |

| 19.   | NEW      ACCOUNTING STANDARDS |
|-----------------|-------------------------------|

| ·   | Based      on the top end of the new estimate ranges, the combined increase in      projected costs of the Iatan No.      1      environmental project and the new Iatan No.      2      unit is approximately 19%. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Compared to the previous estimate of      $837 million - $914 million provided in the      2006 Form 10-K, KCP&L’s      approximate 55% share of the total      projected cost of Iatan No. 2 has increased to      a range of $994 million - $1.051 billion, with the top end of the range      representing a 15%increase. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      in-service date for Iatan No. 2 continues to be the summer of      2010. |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | KCP&L’s      70% share of the      projected cost of the Iatan No. 1      environmental project has increased to a range of $330 million - $350      million.  This      represents an increase of 33% compared to the top end      of the previous range      estimate of $255 million - $264 million for Iatan      No. 1 included in the total amount      for Environmental Retrofit      Projects in      KCP&L’s Comprehensive Energy Plan of $423 million - $443      millionprovided in the      2006 Form 10-K. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      in-service date for the Iatan No. 1 project is now expected to be February      2009 compared to the previous estimate of year-end  2008. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|                                            |       |   |   |   |   |
|-------------------------------------------------|------------|--------|--------|--------|--------|
| Three      Months Ended March 31                | 2008       |   |   | 2007   |   |
|                                            | (millions) |   |
| Operating      revenues                         | $          | 825.4  |   |   | $      | 664.3 |   |
| Fuel                                            |       | (54.7  | )      |   |   | (52.7 | ) |
| Purchased      power                            |       | (448.3 | )      |   |   | (357.9 | ) |
| Other      operating expenses                   |       | (161.8 | )      |   |   | (154.3 | ) |
| Depreciation      and amortization              |       | (52.2  | )      |   |   | (45.0 | ) |
| Operating      income                           |       | 108.4  |   |   |   | 54.4 |   |
| Non-operating      income and expenses          |       | 9.1    |   |   |   | 2.1 |   |
| Interest      charges                           |       | (42.1  | )      |   |   | (21.7 | ) |
| Income      taxes                               |       | (27.5  | )      |   |   | (11.0 | ) |
| Loss      from equity investments               |       | (0.4   | )      |   |   | (0.4 | ) |
| Net      income                                 |       | 47.5   |   |   |   | 23.4 |   |
| Preferred      dividends                        |       | (0.4   | )      |   |   | (0.4 | ) |
| Earnings      available for common shareholders | $          | 47.1   |   |   | $      | 23.0 |   |
|                                            |       |   |   |   |   |   |   |

|                                   |       |   |   |   |   |
|----------------------------------------|------------|--------|--------|--------|--------|
| Three      Months Ended March 31       | 2008       |   |   | 2007   |   |
|                                   | (millions) |   |
| Operating      revenues                | $          | 297.6  |   |   | $      | 255.7 |   |
| Fuel                                   |       | (54.7  | )      |   |   | (52.7 | ) |
| Purchased      power                   |       | (30.8  | )      |   |   | (16.4 | ) |
| Other      operating expenses          |       | (132.5 | )      |   |   | (130.5 | ) |
| Depreciation      and amortization     |       | (50.2  | )      |   |   | (43.0 | ) |
| Operating      income                  |       | 29.4   |   |   |   | 13.1 |   |
| Non-operating      income and expenses |       | 2.2    |   |   |   | 2.2 |   |
| Interest      charges                  |       | (16.8  | )      |   |   | (18.2 | ) |
| Income      taxes                      |       | 2.2    |   |   |   | 4.9 |   |
| Net      income                        | $          | 17.0   |   |   | $      | 2.0 |   |
|                                   |       |   |   |   |   |   |   |

|                             |       |   |   |   |   |   |
|----------------------------------|------------|--------|--------|--------|--------|--------|
|                             |       |   |   |   | %      |
| Three      Months Ended March 31 | 2008       |   | 2007   |   | Change |
| Retail      revenues             | (millions) |   |   |   |
| Residential                      | $          | 100.4  |   | $      | 86.7   |   |   | 16 |   |
| Commercial                       |       | 112.1  |   |   | 104.0  |   |   | 8 |   |
| Industrial                       |       | 24.3   |   |   | 23.7   |   |   | 3 |   |
| Other      retail revenues       |       | 2.4    |   |   | 2.5    |   |   | (2 | ) |
| Kansas      ECA under recovery   |       | 9.5    |   |   | -      |   | NA |   |
| Total      retail                |       | 248.7  |   |   | 216.9  |   |   | 15 |   |
| Wholesale      revenues          |       | 43.1   |   |   | 34.2   |   |   | 26 |   |
| Other      revenues              |       | 5.8    |   |   | 4.6    |   |   | 26 |   |
| KCP&L      revenues          | $          | 297.6  |   | $      | 255.7  |   |   | 16 |   |
|                             |       |   |   |   |   |   |   |   |   |

|                              |        |   |   |   |   |   |
|-----------------------------------|-------------|--------|--------|--------|--------|--------|
|                              |        |   |   |   | %      |   |
| Three      Months Ended March 31  | 2008        |   | 2007   |   | Change |   |
| Retail      MWh sales             | (thousands) |   |   |   |
| Residential                       |        | 1,406  |   |   | 1,292  |   |   | 9 |   |
| Commercial                        |        | 1,854  |   |   | 1,798  |   |   | 3 |   |
| Industrial                        |        | 481    |   |   | 506    |   |   | (5 | ) |
| Other      retail MWh sales       |        | 15     |   |   | 23     |   |   | (40 | ) |
| Total      retail                 |        | 3,756  |   |   | 3,619  |   |   | 4 |   |
| Wholesale      MWh sales          |        | 943    |   |   | 886    |   |   | 6 |   |
| KCP&L      electric MWh sales |        | 4,699  |   |   | 4,505  |   |   | 4 |   |
|                              |        |   |   |   |   |   |   |   |   |

|                                 |        |   |   |   |          |   |
|--------------------------------------|-------------|--------|--------|--------|---------------|--------|
| Three      Months Ended March 31     | 2008        |   | 2007   |   | %      Change |   |
| Net      MWhs Generated by Fuel Type | (thousands) |   |   |   |
| Coal                                 |        | 3,317  |   |   | 3,157         |   |   | 5 |   |
| Nuclear                              |        | 945    |   |   | 1,208         |   |   | (22 | ) |
| Natural      gas and oil             |        | 25     |   |   | 54            |   |   | (53 | ) |
| Wind                                 |        | 104    |   |   | 73            |   |   | 42 |   |
| Total      Generation                |        | 4,391  |   |   | 4,492         |   |   | (2 | ) |
|                                 |        |   |   |   |          |   |   |   |   |

|                                   |       |   |   |   |   |
|----------------------------------------|------------|--------|--------|--------|--------|
| Three      Months Ended March 31       | 2008       |   |   | 2007   |   |
|                                   | (millions) |   |
| Operating      revenues                | $          | 527.8  |   |   | $      | 408.6 |   |
| Purchased      power                   |       | (417.5 | )      |   |   | (341.5 | ) |
| Other      operating expenses          |       | (19.1  | )      |   |   | (20.5 | ) |
| Depreciation      and amortization     |       | (2.0   | )      |   |   | (2.0 | ) |
| Operating      income                  |       | 89.2   |   |   |   | 44.6 |   |
| Non-operating      income and expenses |       | 1.1    |   |   |   | 1.2 |   |
| Interest      charges                  |       | (0.7   | )      |   |   | (0.8 | ) |
| Income      taxes                      |       | (36.7  | )      |   |   | (17.9 | ) |
| Net      income                        | $          | 52.9   |   |   | $      | 27.1 |   |
|                                   |       |   |   |   |   |   |   |

|                                                    |   |   |   |
|---------------------------------------------------------|--------|--------|--------|
| Three      Months Ended March 31                        |   | 2008   |   |   | 2007 |   |
| Average      retail gross margin per MWh                |   | $      | 20.65  |   |   | $ | 15.79 |   |
| Change      in fair value related to non-hedging energy |   |   |   |   |   |   |   |   |
| contracts      and from cash flow hedge ineffectiveness |   |   | (15.57 | ) |   |   | (13.63 | ) |
| Average      retail gross margin per MWh without        |   |   |   |   |   |   |   |   |
| fair      value impacts                                 |   | $      | 5.08   |   |   | $ | 2.16 |   |
|                                                    |   |   |   |   |   |   |   |   |

| ·   | Great      Plains Energy’s and KCP&L’s receivables decreased $33.0 million and      $32.5 million, respectively.  Strategic Energy’s receivables      decreased $6.8 million primarily due to a decrease in receivables from      wholesale counterparties and KCP&L’s receivables decreased due to      seasonal decreases of $9.4 million, a decrease in wholesale sales      receivables of $17.1 million and a $6.2 million decrease in intercompany      receivables from Great PlainsEnergy. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s and KCP&L’s fuel inventories increased $7.0 million      primarily due to increased coal inventory quantities due to plant outages      as well as increased coal and coal transportation  costs. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s refundable income taxes increased $13.4 million due to the      timing of tax payments and lower current income tax    accruals. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s combined      deferred income taxes – current assets and deferred income taxes – current      liability changed from an asset of $19.8 million at December 31, 2007, to      a liability of $43.5 million primarily due to the $68.3      million impact of temporary differences resulting from changes in the fair      value of Strategic Energy’s energy-related derivative      instruments. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great Plains Energy’s $158.7      million net asset for derivative instruments, including current and      deferred assets and liabilities, increased $187.9 million from a net      liability at December 31, 2007.  KCP&L’s $3.2 million net      asset for derivative instruments increased $30.5      million from a net liability at December 31, 2007, due to the      settlement of a T-Lock simultaneously with the issuance of $350.0 million      of 6.375% unsecured Senior Notes in March 2008.  The fair value      of Strategic Energy’s energy-related derivative instruments increased      $179.3 million.  These increases to the net asset were partially      offset by a $21.9 million change in the fair value of Great Plains      Energy’s FSS. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s and KCP&L’s construction work in progress increased      $132.7 million primarily due to a $128.7 million increase related to      KCP&L’s Comprehensive Energy Plan, including $93.4 million related to      the construction of Iatan No. 2 and $35.3 million for environmental      upgrades. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s notes payable increased $26.0 million due to borrowings on      its short-term credit facility due to the timing of cash      payments. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s and KCP&L’s commercial paper decreased $201.9 million      primarily due to the issuance of $350.0 million of unsecured Senior Notes      at KCP&L offset by a $41.2 million payment to settle KCP&L’s      T-Lock and additional borrowings to support expenditures related to the      Comprehensive Energy Plan. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s and KCP&L’s accrued taxes increased $15.1 million and      $17.3 million, respectively, primarily due to an increase in property tax      accruals at KCP&L due to the timing of tax  payments. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s and KCP&L’s accrued interest increased $9.4 million      and $10.7 million, respectively, due to the timing of interest payments at      KCP&L. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s and KCP&L’s asset retirement obligations increased      $12.9 million due to changes in cost estimates and timing used in      computing the present value of certain asbestos AROs.  See Note      15 to the consolidated financial statements for additional      information. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s other – deferred credits and other liabilities decreased      $15.2 million primarily due to the payment against and release of the      remaining legal reserve. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s accumulated other comprehensive income increased $50.1      million primarily due to changes in the fair value of Strategic Energy’s      energy-related derivative instruments primarily due to volatility in the      forward market prices for power partially offset by activity at      KCP&L.  KCP&L’s accumulated other comprehensive loss      increased $6.4 million primarily due to the settlement of a T-Lock      simultaneously with the issuance of $350.0 million of 6.375% unsecured      Senior Notes in March 2008. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Great      Plains Energy’s and KCP&L’s long-term debt increased $350.0 million      due to KCP&L’s issuance of $350.0 million of 6.375% unsecured Senior      Notes in March 2008. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | secured      Series 1992 EIRR bonds maturing in 2017 totaling $31.0 million at a fixed      rate of 5.25% through March 31,2013, |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------|

| ·   | secured      Series 1993A EIRR bonds maturing in 2023 totaling $40.0 million at a fixed      rate of 5.25% through March 31, 2013,      and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | unsecured      Series 2007B EIRR bonds maturing in 2035 totaling $73.2 million at a fixed      rate of 5.375% through March 31,2013. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------|

| ·   | secured      Series 1993B EIRR bonds maturing in 2023 totaling $39.5 million at a fixed      rate of 5.00% through March 31, 2011,      and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | unsecured      Series 2007A EIRR bonds maturing in 2035 into two series: Series 2007A-1      totaling $63.3 million at a fixed rate of 5.125% through March 31, 2011      and Series 2007A-2 totaling $10.0 million at a fixed rate of 5.00% through      March 31, 2010. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                              |
|---------------------------------------------------|
|                                              |   | 2008 |   |   | 2009 |   |   | 2010 |   |
| Base      utility construction expenditures       |   | (millions) |   |
| Generating      facilities                        |   | $ | 79.1 |   |   | $ | 84.6 |   |   | $ | 103.8 |   |
| Distribution      and transmission facilities     |   |   | 101.0 |   |   |   | 89.2 |   |   |   | 101.3 |   |
| General      facilities                           |   |   | 29.6 |   |   |   | 41.7 |   |   |   | 33.8 |   |
| Total      base utility construction expenditures |   |   | 209.7 |   |   |   | 215.5 |   |   |   | 238.9 |   |
| CEP      capital expenditures                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Iatan      No. 2                                  |   |   | 328.5 |   |   |   | 307.9 |   |   |   | 164.8 |   |
| Environmental                                     |   |   | 151.8 |   |   |   | 120.4 |   |   |   | 68.9 |   |
| Customer      programs & asset management     |   |   | 18.5 |   |   |   | 17.4 |   |   |   | 11.0 |   |
| Total      CEP capital expenditures               |   |   | 498.8 |   |   |   | 445.7 |   |   |   | 244.7 |   |
| Nuclear      fuel                                 |   |   | 16.0 |   |   |   | 17.5 |   |   |   | 32.0 |   |
| Other      environmental                          |   |   | 3.0 |   |   |   | 34.8 |   |   |   | 100.1 |   |
| Total      utility capital expenditures           |   | $ | 727.5 |   |   | $ | 713.5 |   |   | $ | 615.7 |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |

|                      |               |       |     |            |                  |              |                    |                       |   |   |   |
|---------------------------|--------------------|------------|----------|-----------------|-----------------------|-------------------|-------------------------|----------------------------|--------|--------|--------|
|                      |               |       |     |            |                  |              | Number      Of          |  Net      Exposure Of |
|                      |               |       |     |            |                  |              | Counterparties          |  Counterparties       |
|                      | Exposure           |       |     |            |                  | Greater      Than |  Greater      Than |
|                      | Before      Credit | Credit     | Net      | 10%      Of Net |  10%      of Net |
| Rating                    | Collateral         | Collateral | Exposure | Exposure        |  Exposure        |
| External      rating      | (millions)         |       |     |            | (millions)            |
| Investment      Grade     | $                  | 231.3      |     | $               | -                     |              | $                       | 231.3                      |   |   | 4      |   |   | $ | 141.2 |   |
| Non-Investment      Grade |               | 9.9        |     |            | 8.4                   |              |                    | 1.5                        |   |   | -      |   |   |   | - |   |
| Internal      rating      |               |       |     |            |                  |              |                    |                       |   |   |   |   |   |   |   |   |
| Investment      Grade     |               | 1.9        |     |            | -                     |              |                    | 1.9                        |   |   | -      |   |   |   | - |   |
| Non-Investment      Grade |               | -          |     |            | -                     |              |                    | -                          |   |   | -      |   |   |   | - |   |
| Total                     | $                  | 243.1      |     | $               | 8.4                   |              | $                       | 234.7                      |   |   | 4      |   |   | $ | 141.2 |   |
|                      |               |       |     |            |                  |              |                    |                       |   |   |   |   |   |   |   |   |

|                                                           |           |             |     |   |   |   |
|----------------------------------------------------------------|----------------|------------------|----------|--------|--------|--------|
| Maturity      Of Credit Risk Exposure Before Credit Collateral |
|                                                           | Less      Than |             |     | Total  |
| Rating                                                         | 2      Years   | 2      - 5 Years | Exposure |
| External      rating                                           | (millions)     |             |
| Investment      Grade                                          | $              | 202.3            |     | $      | 29.0   |   | $ | 231.3 |   |
| Non-Investment      Grade                                      |           | 7.3              |     |   | 2.6    |   |   | 9.9 |   |
| Internal      rating                                           |           |             |     |   |   |   |   |   |   |
| Investment      Grade                                          |           | 1.8              |     |   | 0.1    |   |   | 1.9 |   |
| Non-Investment      Grade                                      |           | -                |     |   | -      |   |   | - |   |
| Total                                                          | $              | 211.4            |     | $      | 31.7   |   | $ | 243.1 |   |
|                                                           |           |             |     |   |   |   |   |   |   |

| Great      Plains Energy Contractual Obligations |              |    |   |   |   |            |
|--------------------------------------------------|-------------------|---------|--------|--------|--------|-----------------|
|                                             | Remainder      of |    |   |   |   |            |   |   |   |   |   |   |   |   |
| Payment      due by period                       | 2008              | 2009    | 2010   | 2011   | 2012   | After      2012 |   | Total |
| Purchase      commitments                        | (millions)        |
| Fuel                                             | $                 | 120.7   |   | $      | 109.8  |            | $ | 79.8 |   | $ | 33.1 |   | $ | 15.3 |   | $ | 189.1 |   |   | $ | 547.8 |   |
| Purchased      power                             |              | 549.4   |   |   | 416.4  |            |   | 288.1 |   |   | 160.4 |   |   | 37.2 |   |   | - |   |   |   | 1,451.5 |   |
| Comprehensive      Energy Plan                   |              | 738.0   |   |   | 289.0  |            |   | 52.0 |   |   | - |   |   | - |   |   | - |   |   |   | 1,079.0 |   |
| Total      contractual obligations               | $                 | 1,408.1 |   | $      | 815.2  |            | $ | 419.9 |   | $ | 193.5 |   | $ | 52.5 |   | $ | 189.1 |   |   | $ | 3,078.3 |   |
|                                             |              |    |   |   |   |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| KCP&L      Contractual Obligations |              |   |   |   |   |            |
|----------------------------------------|-------------------|--------|--------|--------|--------|-----------------|
|                                   | Remainder      of |   |   |   |   |            |   |   |   |   |   |   |   |   |
| Payment      due by period             | 2008              | 2009   | 2010   | 2011   | 2012   | After      2012 |   | Total |
| Purchase      commitments              | (millions)        |   |
| Fuel                                   | $                 | 120.7  |   | $      | 109.8  |            | $ | 79.8 |   | $ | 33.1 |   | $ | 15.3 |   | $ | 189.1 |   |   | $ | 547.8 |   |
| Comprehensive      Energy Plan         |              | 738.0  |   |   | 289.0  |            |   | 52.0 |   |   | - |   |   | - |   |   | - |   |   |   | 1,079.0 |   |
| Total      contractual obligations     | $                 | 858.7  |   | $      | 398.8  |            | $ | 131.8 |   | $ | 33.1 |   | $ | 15.3 |   | $ | 189.1 |   |   | $ | 1,626.8 |   |
|                                   |              |   |   |   |   |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                               |
|------------------------------------------------------------------------------------------------------------------------------------|
| Issuer      Purchases of Equity Securities                                                                                         |
|                                                                                                                               |   |   |   |   | Maximum      Number |
|                                                                                                                               |   |   | Total      Number of |   | (or      Approximate |
|                                                                                                                               |   |   | Shares      (or Units) |   | Dollar      Value) of |
|                                                                                                                               | Total |   | Purchased      as |   | Shares      (or Units) |
|                                                                                                                               | Number      of | Average | Part      of Publicly |   | that      May Yet Be |
|                                                                                                                               | Shares | Price      Paid | Announced |   | Purchased      Under |
|                                                                                                                               | (or      Units) | per      Share | Plans      or |   | the      Plans or |
| Month                                                                                                                              | Purchased | (or      Unit) | Programs |   | Programs |
| January      1 - 31                                                                                                                |      - |     |         $              -   |                 - |   |         N/A |
| February      1 - 29                                                                                                               |               15,567 |   (1) |                   28.23 |                 - |   |         N/A |
| March      1 - 30                                                                                                                  |             3,609 |  (1) |                   24.48 |                 - |   |         N/A |
|     Total                                                                                                      |            19,176 |   |         $        27.53 |                 - |   |         N/A |
| (1)Represents      shares of common stock surrendered to the Company by certain officers to      pay taxes related                 |
|           related      to the vesting of restricted common shares and the issuance of performance      shares. |

| ExhibitNumber |   |  Description of      Document                                                                                                                                                                                                                                                                                                                                                |
|---------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1.1         | *      | Mutual      Notice of Extension among Aquila, Inc., Great Plains Energy Incorporated,      Gregory Acquisition Corp., and Black Hills Corporation dated as of January      31, 2008. (Exhibit 2.1.2 to Form 10-K for the year ended December 31,      2007).                                                                                                                      |
| 2.1.2         | *      | Mutual Notice of Extension among      Aquila, Inc., Great Plains Energy Incorporated, Gregory Acquisition Corp.,      and Black Hills Corporation dated as of April 29, 2008.  (Exhibit      10.1 to Form 8-K dated      April 29, 2008).                                                                                                                               |
| 3.1.1         | *      | By-laws of Great Plains Energy      Incorporated, as amended April 1, 2008. (Exhibit 3.1 to Form 8-K      dated April 7, 2008).                                                                                                                                                                                                                                                   |
| 10.1.1        | +      | Description      of Compensation Arrangements with Certain Executive    Officers.                                                                                                                                                                                                                                                                                                 |
| 10.1.2        | *      | Letter      Agreement dated as of January 30, 2008, to Asset Purchase Agreement and      Partnership Interests Purchase Agreement by and among Aquila, Inc., Black      Hills Corporation, Great Plains Energy Incorporated and Gregory      Acquisition Corp. (Exhibit 10.1.41 to Form 10-K for the year ended      December 31, 2007).                                          |
| 10.1.3        |   | Letter      Agreement dated as of February 28, 2008, to Asset Purchase Agreement and      Partnership Interests Purchase Agreement by and among Aquila, Inc., Black      Hills Corporation, Great Plains Energy Incorporated and Gregory      Acquisition Corp.                                                                                                                   |
| 10.1.4        |   | Letter      Agreement dated as of March 28, 2008, to Asset Purchase Agreement and      Partnership Interests Purchase Agreement by and among Aquila, Inc., Black      Hills Corporation, Great Plains Energy Incorporated and Gregory      Acquisition Corp.                                                                                                                      |
| 10.1.5        |   | Letter      Agreement dated as of April 28,      2008, to Asset Purchase Agreement and Partnership Interests Purchase      Agreement by and among Aquila, Inc., Black Hills Corporation, Great Plains      Energy Incorporated and Gregory Acquisition      Corp.                                                                                                            |
| 10.1.6        | *      | Purchase      Agreement, dated as of April 1, 2008, by and among Custom Energy Holdings,      L.L.C., Direct Energy Services, LLC and Great Plains Energy Incorporated      (Exhibit 10.1 to Form 8-K filed April 2, 2008).                                                                                                                                                       |
| 10.1.7        |   | Joint      Motion and Settlement Agreement dated as of February 26, 2008, among Great      Plains Energy Incorporated, Kansas City Power & Light Company, the      Kansas Corporation Commission Staff, the Citizens’ Utility Ratepayers      Board, Aquila, Inc. d/b/a Aquila Networks, Black Hills Corporation, and      Black Hills/Kansas Gas Utility Company, LLC. |
| 12.1          |   | Computation      of Ratio of Earnings to Fixed Charges.                                                                                                                                                                                                                                                                                                                           |
| 31.1.a        |   | Rule      13a-14(a)/15d-14(a) Certifications of Michael J.  Chesser.                                                                                                                                                                                                                                                                                                              |
| 31.1.b        |   | Rule      13a-14(a)/15d-14(a) Certifications of Terry Bassham.                                                                                                                                                                                                                                                                                                                    |
| 32.1          |   | Section      1350 Certifications.                                                                                                                                                                                                                                                                                                                                                 |

| Exhibit      Number |    |  Description of      Document                                                                                                                                                                                                                                                                                                                                                                                     |
|---------------------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.2.2               | *       | By-laws      of Kansas City Power & Light Company, as amended April 1, 2008.      (Exhibit 3.2 to Form 8-K dated April 7, 2008).                                                                                                                                                                                                                                                                                   |
| 4.2.1               | *       | Supplemental      Indenture No. 2 dated as of March 11, 2008 between Kansas City      Power & Light Company  and The Bank of New York Trust      Company, N.A., as trustee. (Exhibit 4.2 to Form 8-K dated March 11,      2008).                                                                                                                                                               |
| 10.2.1              |  * | Joint      Motion and Settlement Agreement dated as of February 26, 2008, among      Great      Plains Energy Incorporated, Kansas City Power & Light Company, the      Kansas Corporation Commission Staff, the Citizens’ Utility Ratepayers      Board, Aquila, Inc. d/b/a Aquila Networks, Black Hills Corporation, and      Black Hills/Kansas Gas Utility Company, LLC. (filed as exhibit      10.1.7). |
| 12.2                |    | Computation      of Ratio of Earnings to Fixed Charges.                                                                                                                                                                                                                                                                                                                                                                |
| 31.2.a              |    | Rule      13a-14(a)/15d-14(a) Certifications of William H.Downey.                                                                                                                                                                                                                                                                                                                                                      |
| 31.2.b              |    | Rule      13a-14(a)/15d-14(a) Certifications of Terry Bassham.                                                                                                                                                                                                                                                                                                                                                         |
| 32.2                |    | Section      1350 Certifications.                                                                                                                                                                                                                                                                                                                                                                                      |

|                               | GREAT      PLAINS ENERGY INCORPORATED     |
|------------------------------------|-------------------------------------------|
|                               |                                      |
| Dated:  May      9, 2008 | By:  /s/Michael J.      Chesser |
|                               | (Michael      J. Chesser)                 |
|                               | (Chief      Executive Officer)            |
|                               |                                      |
| Dated:  May      9, 2008 | By:  /s/Lori A.      Wright     |
|                               | (Lori      A. Wright)                     |
|                               | (Principal      Accounting Officer)       |

|                               | KANSAS      CITY POWER & LIGHT COMPANY |
|------------------------------------|--------------------------------------------|
|                               |                                       |
| Dated:  May      9, 2008 | By:  /s/William H.      Downey   |
|                               | (William      H. Downey)                   |
|                               | (Chief      Executive Officer)             |
|                               |                                       |
| Dated:  May      9, 2008 | By:  /s/Lori A.      Wright      |
|                               | (Lori      A. Wright)                      |
|                               | (Principal      Accounting Officer)        |