Great Plains Energy, Inc. (ticker: GXP, exchange: New York Stock Exchange (.N))
News Release -
12-May-1999
Aquila Energy Plans To Build Missouri Generating Plant
Media contacts:
Al Butkus 816/467-3616
Media Relations 816/467-3000
Investor Contacts:
Dale Wolf 816/467- 3536
Ellen Fairchild 816/467- 3506
KANSAS CITY, MO, May 12, 1999 Merchant Energy Partners (MEP), a
subsidiary of Aquila Energy, is seeking regulatory approvals to build a 600 megawatt
gas-fired merchant power plant in Cass County, Mo. that will sell power into the central
U.S. wholesale markets. Once approved, construction is expected to begin in the year 2000,
with simple-cycle operation starting June 2001 and combined-cycle operation starting in
January 2002.
The plant is proposed to occupy 25 acres on a 67-acre site near Pleasant Hill,
Mo. The plant will be fueled by natural gas and will consist of two combustion turbines,
two heat recovery steam boilers, and a steam turbine. Water and air emissions are expected
to be among the lowest in the industry. The designer and builder of the plant is Black
& Veatch, a Kansas City-based firm that is a world leader in power plant design and
construction.
"The plant will be one of the most modern in the country, will bring new jobs and
revenues to the local community, and will be surrounded by wide greenways, making it a
positive addition to the area," said V.J. Horgan, President of MEP.
"Economic growth in the Midwest, including Missouri, has resulted in a need for
more power supplies, which this plant will help satisfy," she added.
MEP owns interests in 17 independent power plants in the U.S. and abroad and is
participating in the building and operation of three others. Also, MEP recently won a
four-year, competitively-bid contract to supply power to Missouri Public Service, a
division of UtiliCorp United which serves more than 180,000 customers in western Missouri.
Aquila Energy, one of the nations largest wholesalers of natural gas and
electricity, is a subsidiary of UtiliCorp United. Based in Kansas City, UtiliCorp is an
international energy company with more than 4 million customers across the United States
and in Canada, the United Kingdom, New Zealand and Australia. At March 31, 1999, UtiliCorp
had total assets of $6.4 billion and 12-month annual sales of $13.5 billion. |