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KANSAS CITY POWER & LIGHT COMPANY REPORTS HIGHER THIRD QUARTER SALES AND REVENUES

 KANSAS CITY, Mo., Oct. 15 /PRNewswire/ -- Kansas City Power & Light Company (NYSE: KLT) today reported third quarter earnings per average common share of $0.72, compared with $0.60 for the same period a year ago. Earnings per average common share for the 12 months ended Sept. 30, 1993, were $1.65 compared with $1.16 for the same period a year ago. Although 1993 temperatures have been milder than normal, the increases in earnings mainly reflect higher revenues due to more normal temperatures than the mild 1992 periods.
 KCPL reported that third quarter electric operating revenues increased 12.0 percent to $256.9 million from $229.4 million in the prior year. For the 12 months ended Sept. 30, 1993, electric operating revenues increased 8.5 percent to $853.3 million from $786.2 million for the same period a year ago.
 Retail kilowatt-hour sales increased 11.2 percent in the third quarter due primarily to warmer weather early in the quarter. Retail Kwh sales increased 6.9 percent for the 12-month period reflecting increased usage due to warmer weather in both the second and third quarters of 1993 compared to 1992.
 Third quarter 1993 net income increased to $44.9 million from $38.0 million a year ago. For the 12 months ended Sept. 30, 1993, net income increased to $105.1 million compared with $75.4 million in the prior period.
 Kansas City Power & Light Company provides electric service to about 419,000 customers in a 4,700 square-mile area in eastern Kansas and western Missouri, including metropolitan Kansas City.
 KANSAS CITY POWER AND LIGHT COMPANY
 Financial -- Results of Operations
 (In thousands)
 3 Months Ended Year-to-Date
 September September
 Item 1993 1992 1993 1992
 MWH Retail sales -- 3,345,014 3,007,209 8,668,479 8,057,768
 Percent increase/
 (decrease) 11.2 pct 7.6 pct
 Operating revenues $256,919 $229,425 $656,622 $605,952
 Net income $44,920 $38,044 $86,451 $67,700
 Preferred dividends $772 $829 $2,374 $2,247
 Earnings available
 for common $44,148 $37,215 $84,077 $65,453
 Average number of
 shares outstanding 61,909 61,909 61,909 61,909
 Earnings per share $.72 $.60 $1.36 $1.06
 12 Months Ended
 September
 Item 1993 1992
 MWH Retail sales -- 11,269,619 10,538,070
 Percent increase/(decrease) 6.9 pct
 Operating revenues $853,338 $786,235
 Net income $105,085 $75,399
 Preferred dividends $3,189 $3,530
 Earnings available for common $101,896 $71,869
 Average number of shares outstanding 61,909 61,909
 Earnings per share $1.65 $1.16
 -0- 10/15/93
 /CONTACT: Bernie Beaudoin, 816-556-2543; or Robert Levesque, 816-556-2312/
 (KLT)


CO: Kansas City Power & Light Co. ST: Missouri IN: UTI SU: ERN

JB-MF -- LA014 -- 2724 10/15/93 12:00 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
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