$GXP (Great Plains Energy Incorporated)

$GXP {{ '2016-02-10T15:04:58+0000' | timeago}} • Announcement

$GXP said its BoD approved quarterly dividend of $0.2625 per share. The annual dividend level is $1.05 per share. The dividend will be payable March 21 to shareholders of record as of Feb. 29. The BoD also declared regular dividends on 3.80%, 4.20%, 4.35% and 4.50% series of preferred stock, payable June 1 to shareholders of record as of May 10.

$WR {{ '2017-07-10T11:55:17+0000' | timeago}} • Announcement

Upon closing of the merger between $WR and $GXP, Westar Energy CEO Mark Ruelle will become the Non-Executive Chairman of the new company Board. Terry Bassham, CEO of Great Plains, will serve as CEO of the new company and will also be part of the Board.

$WR {{ '2017-07-10T11:51:13+0000' | timeago}} • Announcement

As per merger agreement between $WR and $GXP, Westar shareholders will exchange each share of $WR common stock for a share in the combined company. Great Plains shareholders will receive 0.5981 shares of common stock in the new holding company for each $GXP share. The merger will result in approx 15% dividend increase for $WR shareholders.

$WR {{ '2017-07-10T11:46:38+0000' | timeago}} • Announcement

$WR and $GXP have approved a revised merger transaction that involves no premium paid or received, no transaction debt, no exchange of cash, and is a stock-for-stock merger of equals, creating a company with a combined equity value of approx $14Bil. The combined company will have a new name. The transaction is expected to close in 1H18.

$GXP {{ '2017-05-24T12:48:07+0000' | timeago}} • Announcement

The Kansas Corporation Commission denied the Petition for Reconsideration filed jointly by $GXP and $WR regarding the Commission's April 19, 2017, Order denying approval of $GXP's acquisition of $WR. $GXP and $WR continue to work in a timely manner to explore the possibility of a revised transaction.

$GXP {{ '2017-05-24T11:58:07+0000' | timeago}} • Announcement

Kansas Corporation Commission denied the petition for reconsideration filed jointly by $GXP and $WR regarding the commission’s April 19, 2017, Order denying approval of Great Plains Energy’s acquisition of Westar Energy.

$GXP {{ '2017-05-02T15:30:09+0000' | timeago}} • Announcement

$GXP's BoD approved a quarterly dividend of $0.2750 per share on its common stock. The company's current annual dividend level is $1.10 per share. The dividend will be payable on June 20, 2017 to shareholders of record as of May 30, 2017. The shares will begin to trade ex-dividend on May 25, 2017.

$GXP {{ '2017-03-06T14:08:19+0000' | timeago}} • Announcement

$GXP has commenced an underwritten public offering of its senior notes. Great Plains Energy intends to use the net proceeds from the offering to finance a portion of the cash consideration payable in connection with its proposed acquisition of $WR. $GS subsidiary Goldman, Sachs & Co is acting as lead book-running manager.

$GXP {{ '2017-02-14T17:11:35+0000' | timeago}} • Announcement

$GXP BoD declared a quarterly dividend of $0.2750 per share on its common stock, payable on March 20, 2017 to shareholders of record as of February 27, 2017. The shares will begin to trade ex-dividend on February 23, 2017.

$GXP {{ '2016-12-08T14:37:26+0000' | timeago}} • Announcement

$GXP, which acquired $WR in a deal worth $12.2Bil in May 2016, reported that the Westar transaction will close in Spring 2017. The new combined company will have 19 executive officers. The senior leadership team including, CFO Kevin Bryant and COO Scott Heidtbrink, will report to CEO Bassham.

$GXP {{ '2016-11-01T22:36:51+0000' | timeago}} • Announcement

$GXP said its BoD approved a quarterly dividend of $0.2750 per share on its common stock. The dividend will be payable on Dec. 20, 2016 to shareholders of record as of Nov. 29, 2016. The company's current annual dividend level is $1.10 per share.

$GXP {{ '2016-09-26T17:53:18+0000' | timeago}} • Announcement

$GXP and $WR announced that the shareholders of both companies have approved all proposals necessary for $GXP's acquisition of $WR. The transaction is expected to close in the spring of 2017.

$GXP {{ '2016-08-05T13:51:07+0000' | timeago}} • Webcast

In early July, $GXP filed a $62.9MM rate increase in KCP&L Missouri jurisdiction on approx. $2.6Bil of rate base with return on equity of 9.9%. This request also includes an additional $27.2MM associated with the rebasing of fuel and purchase power expense. $GXP expects new rates are expected to be effective in 2Q17.

$GXP {{ '2016-08-05T13:39:46+0000' | timeago}} • Webcast

$GXP said that its acquisition of $WR, which was announced in May 2016, is expected to close in spring 2017. In late June, the company filed an application with the Kansas Corporation Commission seeking approval for this acquisition. The company expects to receive all the necessary regulatory approvals by 2Q17.

$GXP {{ '2016-08-05T13:11:03+0000' | timeago}} • Announcement

In 2Q16, $GXP's operating revenue grew 10.1% to $670.8MM versus $609MM in 2Q15. Company said it is on track to close the Westar acquisition transaction in spring of 2017. For 2016, adjusted earnings are expected to be $1.65-1.80 per share.

$GXP {{ '2016-08-05T13:08:36+0000' | timeago}} • Announcement

Electric utility holding company $GXP reported 2Q16 net income of $31.6MM or $0.20 per diluted share, down 28.1% versus $44MM or $0.28 per diluted share in 2Q15, hurt by some charges due to the anticipated acquisition of Westar. Adjusted earnings were $85.6MM or $0.55 per share in the quarter.

$GXP {{ '2016-08-02T16:52:49+0000' | timeago}} • Announcement

$GXP said its BoD approved a quarterly dividend of $0.2625 per share on its common stock. The company's annual dividend level is $1.05 per share. The dividend will be payable Sept. 20, 2016 to shareholders of record as of Aug. 29, 2016. The shares will begin to trade ex-dividend on Aug. 25, 2016.

$WR {{ '2016-06-02T18:23:57+0000' | timeago}} • Announcement

Litigation firm Ryan & Maniskas is investigating potential claims against the BoD of $WR concerning possible breaches of fiduciary duty and other violations of law related to its efforts to sell the company to $GXP in a transaction valued at about $8.2Bil.

$GXP {{ '2016-05-31T14:13:10+0000' | timeago}} • Announcement

Energy company $GXP said that it agreed to acquire $WR in a combined cash & stock transaction for approx. $12.2Bil, including total equity value of approx. $8.6Bil. On closing, $WR will become a wholly-owned subsidiary of $GXP. The company expects the acquisition to be neutral to EPS in first full calendar year of operations and accretive later.

$GXP {{ '2016-05-06T17:26:04+0000' | timeago}} • Webcast

$GXP said the company's weather normalized demand for the 12 months ended March 2016, grew 0.4%, net of the energy efficiency program. On housing construction, single family permit rose 34% YoverY, while March single family permits reached the highest one month total in nearly a decade. For FY16,

$GXP {{ '2016-05-06T17:21:12+0000' | timeago}} • Webcast

$GXP, which competes with $EXC and $AEE, said that in April the company launched new energy efficiency program for its Missouri customers under the Missouri Energy Efficiency Investment Act. The company is also seeking approval to offer similar programs to its Kansas customers through the Kansas Efficiency Investment Act passed in 2015.

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