Printer Friendly

KANSAS CITY POWER & LIGHT ISSUES MEDIUM-TERM NOTES; REPORTS DECREASE IN REVENUES AND NET INCOME

 KANSAS CITY POWER & LIGHT ISSUES MEDIUM-TERM NOTES;
 REPORTS DECREASE IN REVENUES AND NET INCOME
 KANSAS CITY, Mo., Oct. 14 /PRNewswire/ -- In connection with the issuance of $40,000,000 of 7.35 percent Secured Medium Term Notes due Oct. 1, 2005, Kansas City Power & Light Co. (NYSE: KLT) announced that revenues and net income for the two months ended August 1992, had decreased approximately 12 percent and 28 percent respectively, compared to last year's results for the comparable periods. September 1992 revenues are also expected to decline as compared to September 1991. These decreases are due almost entirely to the record-breaking cool summer weather, the coolest since 1950. The proceeds from the sale of the Notes will be used to redeem the company's $40,000,000 of 8-7/8 percent First Mortgage Bonds due May 1, 2006.
 Kansas City Power & Light provides electric service to over 416,000 customers in a 4,700 square mile area in eastern Kansas and western Missouri, including metropolitan Kansas City.
 -0- 10/14/92
 /CONTACT: Bernie Beaudoin, 816-556-2543 or Turner White, 816-556-2997, both of Kansas City Power & Light/
 (KLT) CO: Kansas City Power & Light Co. ST: Missouri IN: UTI SU: ERP


MC -- DV010 -- 0106 10/14/92 17:22 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 14, 1992
Words:206
Previous Article:EVERGREEN PURCHASES MAJORITY STAKE IN NATIONAL HERITAGE; NAMES NEW CHAIRMAN
Next Article:AMERICAN STOCK EXCHANGE DAILY REPORT
Topics:


Related Articles
KLT TO SPLIT; DECLARES $0.70/SHARE DIVIDEND; REPORTS 1991 YEAR EARNINGS UP; REDEEMS 9 1/8 PERCENT FIRST MORTGAGE BONDS
KCPL ANNOUNCES EARNINGS AND RETIREMENT PROGRAM IMPACT
KCPL CONTINUES TREND OF STRONG GROWTH; THIRD QUARTER EARNINGS JUMP 11.1%
KCPL CONTINUES TREND OF STRONG GROWTH; THIRD QUARTER EARNINGS JUMP 11.1%
KCPL'S CONFIDENCE IN BUSINESS PLANS REFLECTED IN INCREASED FOURTH QUARTER EARNINGS AND CONTINUANCE OF STRONG DIVIDEND
KCPL EARNINGS RISE WITH THE TEMPERATURES
Merger Payments, Rate Reductions Impact KCPL's First Quarter Earnings
Cool Weather, Rate Reductions and Plant Outages Impact KCPL's Earnings
KCPL Reports Increased Third Quarter Earnings
KCPL Announces Fourth Quarter and Year-End Earnings

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters