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SECURITIES EXCHANGE ACT OF 1934
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KANSAS CITY POWER & LIGHT COMPANY
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[Press released issued by KCPL on August 14, 1996]
FOR IMMEDIATE RELEASE
Media Contacts: Investor Contact:
Pam Levetzow David Myers
816 / 556-2926 816 / 556-2312
Phyllis Desbien
816 / 556-2903 Joele Frank / Dan Katcher
Abernathy MacGregor Scanlon
212 / 371-5999
KCPL PLEASED BY "VERY POSITIVE" VOTE FROM UTILICORP SHAREHOLDERS
_________________________________________
KANSAS CITY, MISSOURI (AUGUST 14, 1996) -- Drue Jennings,
Chairman President and CEO of Kansas City Power & Light (NYSE:
KLT) said today that he was pleased that shareholders of
UtiliCorp United Inc. (NYSE: UCU) approved the KCPL/UtiliCorp
merger and looks forward to giving KCPL shareholders the
opportunity to vote. A resounding 94% of UtiliCorp's voting
shares approved the transaction at a UtiliCorp shareholders'
meeting held earlier today. KCPL shareholders are scheduled to
vote August 16.
Jennings said, "We are pleased by the very positive response of
the UtiliCorp shareholders for the combination of our two strong
companies. This strong support is a clear indication of their
confidence that the new company, Maxim Energies, will create
sustainable, long-term value for shareholders, customers,
employees and the communities we serve.
"We look forward to giving KCPL shareholders the opportunity to
vote on Friday. And we are eager to move forward toward working
with UtiliCorp to create a formidable competitor in the global
energy marketplace."
Kansas City Power & Light Company provides electric power to a
growing and diversified service territory encompassing
metropolitan Kansas City and parts of eastern Kansas and western
Missouri. KCPL is a low-cost producer and leader in fuel
procurement and plant technology. KLT Inc., a wholly-owned
subsidiary of KCPL, pursues opportunities in non-regulated,
primarily energy-related ventures.
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