KANSAS CITY POWER & LIGHT CO
SC 14D9/A, 1996-10-30
ELECTRIC SERVICES
Previous: K TEL INTERNATIONAL INC, DEF 14A, 1996-10-30
Next: KEANE INC, 8-K, 1996-10-30



  
  _____________________________________________________________
                                
                                
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
                          ____________
                                
                       Amendment No. 47 to
                                
                         SCHEDULE 14D-9
                                
        Solicitation/Recommendation Statement Pursuant to
     Section 14(d)(4) of the Securities Exchange Act of 1934
                          ____________
                                
                KANSAS CITY POWER & LIGHT COMPANY
                    (Name of Subject Company)
                                
                KANSAS CITY POWER & LIGHT COMPANY
                (Name of Person Filing Statement)
                                
                   Common Stock, no par value
                 (Title of Class of Securities)
                          ____________
                                
                            485134100
              (CUSIP Number of Class of Securities)
                          ____________
                                
                     Jeanie Sell Latz, Esq.
            Senior Vice President-Corporate Services
                Kansas City Power & Light Company
                           1201 Walnut
                Kansas City, Missouri 64106-2124
                         (816) 556-2200
    (Name, address and telephone number of person authorized
         to receive notice and communications on behalf
                 of the person filing statement)
                          ____________
                                
                            Copy to:
                                
                    Nancy A. Lieberman, Esq.
              Skadden, Arps, Slate, Meagher & Flom
                        919 Third Avenue
                    New York, New York  10022
                         (212) 735-3000
                                
  _____________________________________________________________

<PAGE>                                
                                
     This statement amends and supplements the
Solicitation/Recommendation Statement on Schedule 14D-9 of Kansas
City Power & Light Company, a Missouri corporation ("KCPL"),
filed with the Securities and Exchange Commission (the
"Commission") on July 9, 1996, as amended, (the "Schedule 14D-
9"), with respect to the exchange offer made by Western
Resources, Inc., a Kansas corporation ("Western Resources"), to
exchange Western Resources common stock, par value $5.00 per
share, for all of the outstanding shares of KCPL common stock, no
par value ("KCPL Common Stock"), on the terms and conditions set
forth in the prospectus of Western Resources dated July 3, 1996
and the related Letter of Transmittal.

     Capitalized terms used and not defined herein shall have the
meanings assigned to such terms in the Schedule 14D-9.

Item 9.   Material to be Filed as Exhibits.

     The following Exhibit is filed herewith:

     Exhibit 127         Excerpt from KCPL employee newsletter
                         distributed on or about October 30, 1996.
     
<PAGE>     
                            SIGNATURE

     After reasonable inquiry and to the best of her knowledge
and belief, the undersigned certifies that the information set
forth in this Statement is true, complete and correct.

                    KANSAS CITY POWER & LIGHT COMPANY

                    By:  /s/Jeanie Sell Latz
                            Jeanie Sell Latz
                            Senior Vice President-Corporate Services

Dated:  October 30, 1996

<PAGE>

                          EXHIBIT INDEX


Exhibit No.                     Description                          Page
___________    _________________________________________________     ____
Exhibit 127    Excerpt from KCPL employee newsletter distributed
               on or about October 30, 1996.
     


<PAGE>                                                 

                                                Exhibit 127
                                                            
WESTERN EXTENDS TENDER OFFER; REACHES RATE REDUCTION
AGREEMENT

     KCPL announced Oct. 27 that the results of Western
Resources' hostile exchange offer indicate that the holders
of a clear majority of KCPL shares do not support a
Western/KCPL combination.

     KCPL's Chairman of the Board and President Drue
Jennings said, "Western's offer has been open since July,
and in all that time, as Western reported, only a little
more than 40 percent of KCPL's shares outstanding were
tendered to Western.

     "We are deeply gratified by the significant support
received from such diverse groups as shareholders,
legislators, employees and community groups," Jennings said.

     "Our board has rejected Western's hostile exchange
offer, and continues to recommend that shareholders not
tender their shares to Western.  We will continue to review
our alternatives and pursue options which the Board believes
are in the best interests of KCPL, its shareholders and the
other constituencies it serves."

     Western Resources has extended its tender offer of $31
worth of Western stock per KCPL share until Nov. 15.


WESTERN RESOURCES REACHES RATE REDUCTION AGREEMENT

     Western Resources announced Oct. 23 that it has reached
a multi-year settlement agreement with the Kansas
Corporation Commission (KCC) staff, the Citizens' Utility
Ratepayers Board, and the City of Wichita regarding electric
rate decreases for KPL and KGE customers.

     Western had previously reached a rate settlement
agreement for $65 million in rate reductions, but this
amount was rejected by the KCC as unreasonably low after it
was discovered that certain mathematical errors had been
made in materials upon which the rate settlement was based.
The revised rate settlement agreement provides for $75
million in rate reductions, plus $10 million in one-time
rebates.





© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission