Rochester,NY 8/11/2009 11:09:50 PM
Great Plains Energy Incorporated, GXP - Great Plains gets 2Q Profit On Fewer Charges
Great Plains Energy Incorporated
Great Plains Energy Inc. got second-quarter profit amid benefits from an acquisition and fewer charges tied to discontinued operations last year. Earnings smashed analysts' estimates.
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The electricity provider to the Kansas City region is expected nearly double its rate base by 2012, which could result in robust near-term earnings growth, according to JPMorgan. But growth prospects are tempered by regulatory lag at its utilities, which slows the pace of rate-base additions
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