ex10_1.htm


    


    


    BEFORE
THE STATE CORPORATION COMMISSION

    OF
THE STATE OF KANSAS

    


    


    


    
      	
              In
      the Matter of the Application of Kansas City Power & Light Company to
      Modify Its Tariffs to Continue the Implementation of Its Regulatory
      Plan.

            	
              )

              )

            	
               

              Docket
      No.:  09-KCPE-246-RTS

               

            


    

    


    


    JOINT STIPULATION
AND
AGREEMENT

    


    


    I.           OVERVIEW

    


    As a
result of extensive discussions, the Staff of the State Corporation Commission
of the State of Kansas (“Staff”), Kansas City Power & Light Company
(“KCP&L”); the Citizens’ Utility Ratepayer Board (“CURB”); and Kansas
Electric Power Cooperative, Inc. (“KEPCo”) (collectively, “the Signatory
Parties”) hereby submit to the State Corporation Commission of the State of
Kansas (“Commission”) for its consideration and approval the following Joint
Stipulation and Agreement (“Joint Stipulation”).

     

    II.           KCP&L’S
APPLICATION

     

    1.           On
September 5, 2008, KCP&L filed an application for a rate change
(“Application”) pursuant to K.S.A. 66-117 and K.A.R.
82-1-231.  KCP&L’s Application reflects its investment in plant
and equipment since the last time KCP&L’s rate base was adjusted in Docket
No. 07-KCPE-905-RTS.

     

    2.           KCP&L’s
Application was the third in a series of rate cases that are contemplated in the
Rate Plan (Appendix C of the Stipulation (“1025 Stipulation”) in Docket No.
04-KCPE-

     

    


    
      

    

     

     

    


    1025-GIE
(the “1025 Docket)), in conjunction with KCP&L’s implementation of the
Resource Plan.1

     

    3.           The
first rate filing made by KCP&L pursuant to the 1025 Stipulation was
contained in Docket No. 06-KCPE-828-RTS (“828 Docket”), which resulted in a
Stipulation and Agreement (“828 Stipulation”) that was approved by the
Commission on December 4, 2006.

     

    4.           The
second rate filing made by KCP&L pursuant to the Rate Plan was contained in
Docket No. 07-KCPE-905-RTS, and resulted in a Stipulation and Agreement that was
approved by the Commission on November 20, 2007 (“905
Stipulation”).

     

    5.           The
primary purpose of KCP&L’s current rate case is the recovery of KCP&L's
investment in environmental upgrades to Iatan Unit 1 and in Iatan common
plant.  Pursuant to the Appendix C of the 1025 Stipulation, this rate
case was originally scheduled to be filed by March 1, 2008.  However,
due to changes in the construction schedule of these environmental upgrades, on
February 6, 2008, KCP&L requested a postponement of this filing deadline. On
March 17, 2008, the Commission granted KCP&L's Motion to Amend Filing Date,
and postponed for sixty days the filing of KCP&L's 2008 rate case, to May 1,
2008, with the remainder of the procedural schedule being pushed back
accordingly. Subsequently, on March 31, 2008, KCP&L filed a Petition for
Reconsideration of Commission's Order Granting KCP&L’s Motion to Amend
Filing Date.  Thereafter, in its April 30, 2008 Order, the Commission
granted KCP&L's Petition for Reconsideration and modified the March 31, 2008
deadline, as well as its March 17, 2008 Order, and left open the date by which
KCP&L's Application could be filed.

    

      

    

      
      1 The 1025
Stipulation refers collectively to the “Regulatory Plan” that is comprised of a
Resource Plan set forth in Appendices A and A-1 and the Customer Programs set
forth in Appendices B and B-1, and the Rate Plan set forth in Appendices C, C-1,
and C-2.  References to the “Regulatory Plan” with this Stipulation
shall have the same meaning.

       

       

    

    


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    6.           On
September 5, 2008, KCP&L filed its Application.  The schedules
filed with KCP&L’s Application indicated a gross revenue deficiency of
approximately $71.6 million, based upon normalized operating results for the 12
months ending December 31, 2007, adjusted for known and measurable changes in
revenues, operating and maintenance expenses, cost of capital and taxes, and
other adjustments. Pursuant to the Contribution In Aid of Construction (“CIAC”)
mechanism established in the 1025 Stipulation, KCP&L included in this $71.6
million deficiency an additional $11.2 million of CIAC.  This
deficiency represents a rate increase of approximately 17.5% based on test year
revenue of approximately $409 million.

     

    7.           In
support of its Application, KCP&L submitted the testimony of 16 witnesses
and the schedules required by K.A.R. 82-1-231.

     

    8.           Under
the Rate Plan, KCP&L will file one additional rate Application, as described
in Appendix C of the 1025 Stipulation.

     

    III.  STAFF
AND OTHER PARTIES’ PRE-FILED POSITIONS

     

    9.           Staff,
CURB, and other parties timely filed direct testimony on February 3,
2009.  Staff recommended a $53.9 million increase for KCP&L
customers that included $11.2 million of CIAC, but also noted the expectation
that the plant in-service will need to be updated.  CURB recommended a
rate increase of $46.8 million that included $23.9 million of pre-tax payment on
plant.  MUUG’s testimony supported creation of a green tariff,
advocated an equal spread of any rate increase across customer classes, and
suggested that severe economic conditions of the period be considered in
determining revenue requirements.

     

    10.           On
February 23, 2009, KCP&L filed its rebuttal testimony, reflecting updates to
the budgeted Iatan Unit 1 Air Quality Control System (“AQCS”) and Iatan common
costs and to certain non-Iatan plant investment.  The Iatan Unit 1
AQCS and Iatan common costs included costs through the in-service date of July
4, 2009.  The non-Iatan plant update included costs through March 31,
2009.

     

     

    


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    11.           On
March 3, 2009, the Commission held oral arguments on various motions pending in
this docket, including the motions of the Hospital Interveners, CURB, Staff, and
KCP&L.  Thereafter, the Commission recessed the hearing to allow
the Signatory Parties an opportunity to explore: the possibility of arriving at
a resolution that would address the Signatory Parties’ concerns regarding the
use of budgeted cost information; the issues raised by KCP&L’s February 23,
2009, rebuttal testimony and February 25, 2009, updated Data Request responses
regarding increased identified common costs; the Company’s concerns regarding
the exclusion of significant plant costs from its revenue requirement in this
case; and concern over the impact of any delays in the existing hearing
schedule.

     

    12.           On
March 6, 2009, the Signatory Parties2 filed a Joint Motion for Commission Approval
of Amendment to Procedural Schedule (the “Joint Motion”).  As part of
the Joint Motion, the Signatory Parties agreed that:

     

    10.
KCP&L’s Direct Testimony will only include testimony directly related to
actual costs for Iatan Unit 1 and Iatan common costs paid or approved for
payment through April 30, 2009, and directly related to the updated costs on
non-Iatan plant through March 31, 2009, as addressed in KCP&L’s rebuttal
testimony. Such testimony will also detail the effects of these updated costs on
KCP&L’s requested overall increase. No costs incurred, invoiced, or approved
for payment after April 30, 2009 may be included in KCP&L’s Direct
Testimony, and KCP&L may not increase its overall request above the original
application for a $71.6 million increase. KCP&L may not add to or otherwise
materially change the costs presented in this docket related to the costs of
Iatan Unit 1 up to, and included in, the May 5, 2009, Direct Testimony after
such testimony has been filed because KCP&L agrees that the May 5, 2009,
filing is their final position on the aforementioned costs upon which KCP&L
will rely throughout the remainder of this docket. The inclusion of the updated
costs for the non-Iatan plant may be contested by any party and those parties
reserve the right to present their position in that regard in their Direct
Testimony. KCP&L's ability to claim a traditional revenue requirement in
excess of the amount contained in the Company's original Application or a CIAC
less than the amount contained in the Company's original Application may be
contested by CURB or Intervenors and those parties reserve the right to present
their position in that regard in their Direct Testimony; however,

    

      

    

      
      2 As of
the March 6, 2009 Joint Motion, the Cities of Overland Park, Kansas and Mission
Hills, Kansas had not yet petitioned for intervention.  As such, they
were not parties to the Joint Motion.

       

       

    

    


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    this
provision is not intended to affect Staff in either an enabling or preclusive
manner. The parties also reserve the right to modify or otherwise change their
revenue requirement adjustments, disallowances, and recommendations in light of
and directly related to such updated Iatan Unit 1, common and non-Iatan plant
costs.

    


    13.           On
March 13, 2009 the Commission issued its Revised Scheduling Order Granting
Parties’ Joint Motion Filed March 6, 2009.

     

    14.           In
its May 5, 2009 Additional Direct Testimony, KCP&L revised its traditional
revenue requirement and its CIAC requirement to approximately $54 million and
$17.6 million, respectively, noting that the CIAC amount is the difference
between the requested increase of $71.6 million and the traditional revenue
requirement component.

     

    15.           In
its May 29, 2009, Additional Direct Testimony, Staff revised its traditional
revenue requirement to $42.8 million and left its CIAC unchanged at $11.2
million. In its May 29, 2009 Additional Direct Testimony, CURB revised its
recommended rate increase to $48 million, which included $24 million in pre-tax
payment on plant.

     

    IV.
TERMS OF THE JOINT STIPULATION

     

    16.           After
extensive negotiations, the Signatory Parties have agreed upon the following
terms:

     

    
      	
              A.

            	
              Stipulated
      Revenue Requirement and Customer Advancement/Pre-Tax Payment on Plant
      Amount

            


    

     

    17.           KCP&L's
overall revenue increase will be fifty-nine million dollars
($59,000,000).  To provide KCP&L with sufficient cash flow to
proceed with the Resource Plan as set forth in the 1025 Stipulation, the
Signatory Parties agree that eighteen million dollars ($18,000,000) of the total
revenue increase will be treated for accounting purposes as a pre-tax payment on
plant on behalf of consumers.  The $18 million pre-tax payment on
plant shall be treated as an increase to KCP&L’s depreciation reserve and
will be assigned to primary plant accounts in the next rate case.

     

    


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    B.           Regulatory
Asset

     

    18.           The
Signatory Parties agree that KCP&L can create and utilize a regulatory asset
for depreciation expense and carrying costs of Iatan Unit 1 AQCS and Iatan
common costs included in plant-in-service but not included in rate base in this
case, consistent with that set forth on pp. 8-10 of the May 29, 2009, Additional
Direct testimony of Staff witness Jeff McClanahan.  The Commission
should authorize a regulatory asset to include depreciation expense and carrying
costs for the Iatan Unit 1 AQCS and Iatan common plant not included in the
current case.  The regulatory asset should be accounted for as
follows:

     

    Ø           The
regulatory asset account should start accruing depreciation expense and carrying
costs only when Iatan Unit 1 AQCS and Iatan common costs are paid and
transferred into service.

    


    Ø           All
Iatan common costs to be transferred to plant in-service shall use the
allocation ratio of actual cash paid developed and outlined in the Additional
Direct Testimony of Staff witness Justin Grady.

    


    Ø           The
equity rate used to calculate carrying costs shall be 8.25%.

    


    Ø           Depreciation
Expense shall be separate and distinct from carrying costs and each month's
accrual should be reflected.

    


    Ø           The
Iatan Unit 1 AQCS and Iatan common costs included in rate base in this case,
including Allowance for Funds Used During Construction (“AFUDC”) but excluding
any possible disallowances, is as reflected in Staff witness Laura Bowman’s
Updated Exhibits LKB-2(C) and LKB-3 attached to her Additional Direct
Testimony  ($178,017,515- Kansas jurisdictional).

    


    C.           
In-service Timing of Iatan 1 AQCS and Iatan Common Costs

     

    19.           The
Signatory Parties agree that this Joint Stipulation resolves all issues in this
case concerning disallowances related to costs for Iatan Unit 1 AQCS and Iatan
common costs that are included in rate base.  There will be no
write-off of costs included in rate base in this case for plant-in-service as of
July 4, 2009.

     

    20.           The
disallowance review related to Iatan Unit 1 AQCS and Iatan common costs paid or
approved for payment as of April 30, 2009 and in-service as of July 4, 2009, is
deferred

     

    
 

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    to the
next rate case and capped at $4.7 million (Kansas jurisdictional, including
AFUDC), strictly as set forth in the testimony of Staff witness Mr. Walter
Drabinski.  The $4.7 million cap applies specifically to all costs
paid or approved for payment, including any Risk and Opportunity (“R/O”)
package-related costs, as of April 30, 2009 for Iatan Unit 1 AQCS and Iatan
common costs in-service as of July 4, 2009.  To the extent that
additional costs are paid against any R/Os after April 30, 2009 (that were not
already approved for payment as of April 30, 2009), such costs may be considered
for disallowance subject to the provisions of paragraph 22.  KCP&L
is not agreeing to any disallowance, but the Signatory Parties are limited to
recommending this amount as it relates to these Iatan Unit 1 AQCS and Iatan
common costs in KCP&L’s next rate case.  

     

    21.           In
the next rate case there will be no additional testimony by any Signatory Party
and no modifications to the prefiled testimony admitted into the record in
this case related to the Iatan Unit 1 AQCS and Iatan common costs in rate base
in this case, or concerning the amount of, or Staff’s basis for, the $4.7
million disallowance recommended by Staff in this case.  However,
nothing herein prevents the Signatory parties from placing the prefiled
testimony admitted into the record in this docket related to the aforementioned
review of Iatan Unit 1 AQCS and Iatan common costs into the record of
KCP&L’s next rate case.  Any additional testimony by the Signatory
Parties regarding the Iatan Unit 1 AQCS and Iatan common costs is limited to the
context of explaining the reason for including such testimony in the next case
and how it relates to the calculation of the proposed rate base and revenue
requirement in the next rate case.

     

    22.           The
remaining $56 million (Kansas jurisdictional, excluding AFUDC) of potential
costs for Iatan Unit 1 AQCS and Iatan common not paid or approved for payment as
of April 30, 2009 and not included in rate base in this case, will be subject to
a prudence review and the Signatory Parties may recommend an associated
disallowance of no more than $2.8 million

     

    


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    (Kansas
jurisdictional) in the next case.  Costs not yet paid nor approved for
payment as of April 30, 2009, attributed to R/Os 94, 125, and 135 (as identified
by Mr. Drabinski in his testimony) specifically fall within the aforementioned
$2.8 million cap on the remaining $56 million of potential
costs.  Additionally, any costs in this category in excess of the
noted $56 million will not be capped as to the level of disallowance that may be
recommended by any Signatory Party.  The limitations on non-KCP&L
Signatory Parties contained in paragraphs 20, 21, and 22 shall not apply if the
Commission finds that KCP&L failed to provide such Signatory Parties with
material and relevant information in its possession, or which should have been
available to KCP&L through reasonable investigation, or in the event the
Commission finds that KCP&L misrepresented facts relevant to this Joint
Stipulation.

     

    D.           Miscellaneous
Stipulated Accounting Provisions

     

    23.           As
agreed by the Signatory Parties, the following accounting provisions should be
adopted by the Commission:

     

    Rate
Case Expenses

     

    24.           The
Commission authorizes KCP&L to establish a regulatory asset for incremental
rate case expenses through the duration of Docket No. 09-KCPE-246-RTS. KCP&L
currently estimates the Kansas jurisdictional regulatory asset will be
approximately $1.0 million at July 31, 2009, and such final amount will be
subject to review in the next rate case.  KCP&L is authorized to
amortize this regulatory asset over four (4) years commencing August 1,
2009.  The deferred expenses will not receive rate base treatment in
future rate cases.

     

    Surface
Transportation Board (“STB”) Expenses

     

    25.           In
Docket No. 06-KCPE-828-RTS, KCP&L was authorized to establish a regulatory
asset with a five (5) year amortization period beginning January 1, 2007 for the
Kansas jurisdictional portion of STB litigation expenses incurred through
December 31, 2006.  In Docket No. 07-KCPE-905-RTS, the Commission
reaffirmed this authorization.  It also

     

    


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    reaffirmed
that actual STB expenses incurred after December 31, 2006 could also be charged
to this regulatory asset, to be amortized over a five (5) year period beginning
with rates effective in a future rate case under the Rate Plan.  The
deferred expenses would not receive any rate base treatment in future rate
cases.

     

    26.           In
the current docket, KCP&L reflected the 2008 receipt and projected 2009
receipt of $3.4 million (total Company) of reparations awarded as a result of
the litigation.  The Kansas jurisdictional portion of such reparations
net of the Kansas jurisdictional portion of unamortized litigation costs was
projected to be $703,203 at March 31, 2009.  KCP&L proposed that
this amount would be returned to Kansas ratepayers over two (2) years though a
reduction of fuel expense in Account 501 beginning with the rates effective in
this proceeding.  Such reduction of fuel expense will be included in
the Energy Cost Adjustment (ECA) mechanism.  The Signatory Parties
agree that the July 31, 2009 balance of Kansas jurisdictional reparations less
the unamortized Kansas jurisdictional litigation costs will be amortized as a
reduction to fuel expense over two (2) years beginning August 1,
2009.

     

    SO2
Emissions Allowances

     

    27.           The
Commission reaffirms its authorization in the 828 Docket for KCP&L’s sale of
SO2 emission allowances through June 1, 2010, including related coal
premiums.  KCP&L will continue to record net sales proceeds to a
regulatory liability (Federal Energy Regulatory Commission (“FERC”) Account 254)
and offset rate base for ratemaking purposes.  The regulatory
liability will be amortized over a time period to be determined in the Company’s
next rate case, with such amortization reflected in rates beginning with the
rates resulting from that case.

     

    28.           KCP&L
currently purchases coal from vendors under contracts that indicate nominal
sulfur content.  To the extent that coal supplied has a lower sulfur
content than specified in the contract, KCP&L pays a premium over the
contract price.  As authorized by the

     

    


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    Commission
in the 828 Docket, to the extent that KCP&L pays premiums for lower sulfur
coal, the Company will determine the portion of such premiums, net of joint
partners’ shares, that apply to retail sales and record the proportionate costs
of such premiums in FERC Account 254 as a reduction of the regulatory
liability.  But in no event will the charges to the Kansas
jurisdictional portion of FERC Account 254 for these premiums exceed $5,000,000
annually.  The portion of premiums applicable to retail will be
determined monthly based on the system-wide percentage of MWhs from coal
generation used for retail sales versus wholesale sales as computed by the
hourly energy costing model.  This system-wide percentage will be
applied to premiums invoiced during the same period.

     

    Pension
Costs

     

    29.           The
Commission approves the treatment of pension and other post-employment benefit
costs as set forth in the attached Appendix A, which is intended to be
consistent with the treatment of pension costs outlined in Appendix C, paragraph
(E) of the 1025 Stipulation.

     

    AFUDC
Rate on Iatan 2

     

    30.           The
Commission authorizes KCP&L for purposes of calculating the equity component
of the Allowance for Funds Used During Construction (“AFUDC”) rate on Iatan 2 to
set the equity rate used in the calculation at 8.25%, beginning August 1,
2009.

     

    Depreciation
Rates

     

    31.           The
Commission authorizes KCP&L to continue utilizing the depreciation rates set
forth in the attached Appendix B, which are the same rates set out in Appendix
C-2 of the 1025 Stipulation.

     

    Asset
Retirement Obligations and Cost of Removal

     

    32.           The
Commission reaffirms its Order in Docket No. 04-WSEE-605-ACT allowing KCP&L
to defer all costs on the balance sheet, for financial reporting purposes,
associated with the adoption of Statement of Financial Accounting Standards No.
143 (“FAS 143”) and Financial

     

    


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    Accounting
Standards Board Interpretation No. 47 (“FIN 47”), including accretion and
depreciation expenses and amounts included for cost of removal in depreciation
rates set forth in Appendix B.

     

    E.           Effective
Date of Rates

     

    33.           It
is the Signatory Parties’ intent that the rates resulting from this case go into
effect on August 1, 2009.  The Signatory Parties respectfully request
that the Commission issue an Order approving this Joint Stipulation on or before
July 24, 2009 in order to facilitate the requested effective date of rates of
August 1, 2009.

     

    F.           Timing
and Process for Next Rate Case

     

    34.           As
stated in the 1025 Stipulation, KCP&L is required to make a 2009 rate filing
that proposes new rate schedules with an effective date of June 1,
2010.  Specifically, ¶5 of Appendix C to the 1025 Stipulation states
that:

     

    KCPL
shall make a 2009 rate filing that proposes new rate schedules with an effective
date of June 1,2010. Any such filing shall be filed with the KCC on or before
August 15,2009. The test year for this filing will be the 12 months ending June
30,2009. As part of such filing, KCPL will agree to extend the deadline for a
Commission final order on the proposed tariff changes to May 10, 2010, pursuant
to K.S.A. 66-1 17(c). The filing may include new investment in plant that is
anticipated to be in-service as of May 31,2010.

    


    35.           Because
of the complexities in process and timing encountered in the current case, and
as originally contemplated in ¶6 of the 1025 Stipulation,3 the Signatory Parties recognize that this
filing date set forth in the 1025 Stipulation is no longer appropriate for the
next rate case.  Accordingly, the Signatory Parties agree to
collaborate in advance of the filing of KCP&L’s next rate case in order to
establish a procedure for the next rate case that addresses the in-service,
process, and timing problems realized with this current
proceeding.  The Signatory 

     

    
      

      
        3 ¶6
states:

        Because
of the magnitude of these investments and the length of time of the regulatory
plan, KCPL may need to adjust the timing of the above rate filings to reflect
additional information regarding the construction and timing of investments and
other factors. The Signatory Parties agree to work together to adjust the rate
filing schedule to reflect these needs. Such adjustment(s) shall be submitted to
the Commission for approval.

      

    

     

     

    11

    
      

    

     

    Parties
to the 1025 Stipulation expressly acknowledge that the changes contained in this
paragraph do not modify in any other respect the terms and conditions of the
1025 Stipulation, and the parties to this agreement who are not signatories to
the 1025 Stipulation are not further bound by the 1025 Stipulation beyond the
terms contained herein.

     

    36.           If
the Signatory Parties are unable to agree on the timing and procedures by
September 1, 2009, the matter will be taken to the Commission for determination
prior to the filing of KCP&L’s next rate case.  If the Commission
has not ruled on the matter by October 1, 2009, all Signatory Parties agree that
KCP&L may proceed with the filing of its next rate case.

     

    G.           Class
Cost of Service

     

    37.           KCP&L
agrees to perform and submit in its next rate case, a class cost of service
study that includes:  (1) a breakout of each residential water heating
and space heating subclass from the aggregate Residential Service class; and (2)
a breakout of KCP&L’s total allocated cost of service, by rate class, into
separate summer- and winter-related revenue requirement components.

     

    38.           KCP&L
agrees that it will work with Staff, CURB, and any other Party to this case as
it prepares its class cost of service study to ensure that the agreed-upon
cost-of-service modifications are appropriately modeled.  KCP&L
agrees to accommodate any reasonable request of a Party to this case for
alternative scenario runs under its model.

     

    H.           Rate
Design

     

    39.           The
Signatory Parties agree that the rates should be apportioned among the
respective classes of customers on an equal percentage basis to the non-ECA
portion of the revenues for each class; and within each rate class, all energy,
demand and service charges (exclusive of the ECA) shall receive a percentage
increase equal to the overall class increase, i.e., each non-ECA rate element
shall receive the same percentage increase.

     

     

    12

    
      
        

      

    

     

    I.           Green
Tariff

     

    40.           Prior
to the filing of its next rate case, KCP&L agrees to work in a collaborative
fashion together
with MUUG, Staff, CURB, and any other
Signatory Party in this rate case to explore the possibility of developing a
green tariff to accommodate the purchase and development of renewable energy in
Kansas.  If such a tariff is developed through the collaborative
process, such tariff may be presented to the Commission for review and, if
appropriate, approval.

     

    V.           MISCELLANEOUS
PROVISIONS

     

    A.           The
Commission's Rights

     

    41.           Nothing
in this Joint Stipulation is intended to impinge or restrict, in any manner, the
exercise by the Commission of any statutory right, including the right of access
to information, and any statutory obligation, including the obligation to ensure
that KCP&L is providing efficient and sufficient service at just and
reasonable rates.

     

    B.           
Signatory Parties' Rights

     

    42.           The
Signatory Parties, including Staff, shall have the right but not the obligation
to present pre-filed testimony in support of this Joint
Stipulation.  Such testimony shall be filed formally in the docket and
presented by witnesses at a hearing on this Joint Stipulation.

     

    C.           Negotiated
Settlement

     

    43.           This
Joint Stipulation represents a negotiated settlement that fully resolves the
issues addressed in this proceeding. The Signatory Parties represent that the
terms of this Joint Stipulation constitute a fair and reasonable resolution of
the issues addressed herein. Except as specified herein, the Signatory Parties
to this Joint Stipulation shall not be prejudiced, bound by, or in any way
affected by the terms of this Joint Stipulation: (a) in any future proceeding;
(b) in any proceeding currently pending under a separate docket; and/or (c) in
this proceeding, should the Commission decide not to approve this Joint
Stipulation in the instant proceeding. If the 

     

     

    
       

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    Commission
accepts this Joint Stipulation in its entirety and incorporates the same into a
final order without material modification, the Signatory Parties shall be bound
by its terms and the Commission's order incorporating its terms as to all issues
addressed herein and in accordance with the terms hereof, and will not appeal
the Commission's order on these issues or any other outstanding issues, motions,
or petitions in this case.

     

     

    D.           Interdependent
Provisions

     

    44.           The
provisions of this Joint Stipulation have resulted from negotiations among the
Signatory Parties and are interdependent. In the event that the Commission does
not approve and adopt the terms of this Joint Stipulation in total, it shall be
voidable and no Signatory Party hereto shall be bound, prejudiced, or in any way
affected by any of the agreements or provisions hereof. Further, in such event,
this Joint Stipulation shall be considered privileged and not admissible in
evidence or made a part of the record in any proceeding.

     

    E.           Submission
Of Documents To The Commission Or Staff

     

    45.           To
the extent this Joint Stipulation provides for information, documents or other
data to be furnished to the Commission or Staff, such information, documents or
data shall be filed with the Commission and a copy served upon the Commission's
Director of Utilities. Such information, documents or data shall be marked and
identified with the docket number of this proceeding.

    


    IN
WITNESS WHEREOF, the Signatory Parties have executed and approved this
Agreement, effective as of the 18th day of June 2009, by subscribing their
signatures below.

    


    


    

 

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                Respectfully
      submitted,

                 

              	 
      
	 
      	
                 

                WILLIAM
      G. RIGGINS  (#12080)

                Vice
      President and General Counsel

                VICTORIA
      SCHATZ (#17478)

                Kansas
      City Power & Light Company

                1201
      Walnut

                Kansas
      City, MO 64141

              	 
      
	 
      	 
      	 
      
	 
      	
                 

                FRANK
      A. CARO, JR. (#11678)

                ANNE
      E. CALLENBACH (#18488)

                Polsinelli
      Shughart PC

                6201
      College Boulevard, Suite 500

                Overland
      Park, Kansas 66211

                (913)
      451-8788

                (913)
      451-6205 Fax

                fcaro@polsinelli.com

                acallenbach@polsinelli.com

                 

              	 
      
	 
      	
                /s/
      Glenda Cafer

                GLENDA
      CAFER (#13342)

                Cafer
      Law Office, LLC

                3321
      SW 6th
      Street

                Topeka,
      KS 66606

                (785)
      271-9991

                (785)
      271-9993 Fax

                gcafer@sbcglobal.net

              
	 
      	 
      
	 
      	
                COUNSEL
      FOR KANSAS CITY POWER &

                LIGHT
      COMPANY

              


      

    

    


     

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              /s/
      Patrick T. Smith

              W.
      THOMAS STRATTON, JR., # 11916

              Chief
      Litigation Counsel

              PATRICK
      T. SMITH, # 18275

              Litigation
      Counsel

              MELISSA
      J. HUNSICKER WALBURN, # 19568

              Litigation
      Counsel

              Kansas
      Corporation Commission

              1500
      SW Arrowhead Rd.

              Topeka,
      Kansas 66604-4027

              Phone:
      (785) 271-3196

              Fax:
      (785) 271-3167

              p.smith@kcc.ks.gov

            
	 
      	 
      
	 
      	
              ATTORNEYS
      FOR STAFF

               

               

              /s/
      C. Steven Rarrick

              DAVID
      SPRINGE (#15619)

              NIKI
      CHRISTOPHER (#19311)

              C.
      STEVEN RARRICK (#13127)

              Citizens'
      Utility Ratepayer Board

              1500
      SW Arrowhead Road

              Topeka,
      KS 66604

              d.springe@curb.kansas.gov

              s.rarrick@curb.kansas.gov

            
	 
      	
               

              ATTORNEYS
      FOR CURB

               

               

            
	 
      	 
      
	 
      	
               

              /s/
      J. Michael Peters

              J.
      MICHAEL PETERS (#7457)

              KANSAS
      ELECTRIC POWER

              COOPERATIVE,
      INC.

              P.
      O. Box 4877

              Topeka,
      KS 66604-0877

               

            
	 
      	 
      
	 
      	
              COUNSEL
      FOR KANSAS ELECTRIC

              POWER
      COOPERATIVE, INC.

               

            


    

    


     

    


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