Evergy Kansas Central 8-K July 6 Recent Event Update

Recent Event Update

July 6, 2011

July 6 Recent Event Update

Exhibit 99.1

2

Forward Looking Disclosures

Forward-looking

statements:

Certain

matters

discussed

in

this

presentation

are

“forward-

looking

statements.”

The

Private

Securities

Litigation

Reform

Act

of

1995

has

established

that

these

statements

qualify

for

safe

harbors

from

liability.

Forward-looking

statements

may

include

words

like

“believe,”

“anticipate,”

“target,”

“expect,”

“pro

forma,”

“estimate,”

“intend,”

“guidance”

or

words

of

similar

meaning.

Forward-looking

statements

describe

future

plans,

objectives,

expectations

or

goals.

Although

we

believe

expectations

are

based

on

reasonable

assumptions,

all

forward-looking

statements

involve

risk

and

uncertainty.

The

factors

that

could

cause

actual

results

to

differ

materially

from

these

forward-looking

statements

include

those

discussed

herein

as

well

as

(1)

those

discussed

in

the

company’s

Annual

Report

on

Form

10-K

for

the

year

ended

Dec.

31,

2010

(a)

under

the

heading,

“Forward-Looking

Statements,”

(b)

in

ITEM

1.

Business,

(c)

in

ITEM

1A.

Risk

Factors,

(d)

in

ITEM

7.

Management’s

Discussion

and

Analysis

of

Financial

Condition

and

Results

of

Operations,

and

(e)

in

ITEM

8.

Financial

Statements

and

Supplementary

Data:

Notes

13

and

15;

and

(2)

those

discussed

in

the

company’s

Quarterly

Report

on

Form

10-

Q

filed

May

5,

2011

(a)

in

ITEM

7.

Management’s

Discussion

and

Analysis

of

Financial

Condition

and

Results

of

Operations

and

(b)

in

Part

I,

Financial

Information,

ITEM

1.

Financial

Statements:

Notes

8

and

9;

and

(3)

other

factors

discussed

in

the

company’s

filings

with

the

Securities

and

Exchange

Commission.

Any

forward-looking

statement

speaks

only

as

of

the

date

such

statement

was

made,

and

the

company

does

not

undertake

any

obligation

to

update

any

forward-looking

statement

to

reflect

events

or

circumstances

after

the

date

on

which

such

statement

was

made.

July 6 Recent Event Update

3

•

KCC approved route for Prairie Wind Transmission line

•

Staff recommends in favor of La Cygne environmental retrofit

•

General rate case filing now planned for August

•

Mark Ruelle selected to succeed Bill Moore as CEO

Recent Events

July 6 Recent Event Update

4

KCC Approved Route for

Prairie Wind Transmission Line Within 120 Days

•

Prairie Wind Transmission

•

50/50 JV with ETA

•

Approximately 110 miles

•

Project cost

$225 million

•

KCC approved line route June 2011

•

Plan to begin construction mid 2012

•

Estimated completion 2014

July 6 Recent Event Update

5

•

GXP, as station operator, filed with KCC a predetermination request, and

Westar intervened in support, seeking:

–

Prudency of constructing and installing air quality control equipment

•

Wet scrubbers, fabric filters and common chimney for both units

•

SCR and low NOx system for Unit 2

–

Confirmation the $1.2 billion total project estimate (excluding AFUDC and

property taxes) is reasonable and prudent

•

Westar’s

50%

share

of

project

-

$615

million

•

KCC Staff (Staff) recommends in favor of the La Cygne retrofit as the

least cost alternative

•

Staff concurs there should be no adjustment to the allowed ROE tied to

the use of predetermination

•

No recommendation by Staff on Westar’s

use of ECRR for La Cygne

project

•

Key future dates in the docket (11-KCPE-581-PRE):

–

Evidentiary hearings July 11 through 15

–

Order due August 22

Predetermination Request for

La Cygne Environmental Project

July 6 Recent Event Update

6

•

May 31, 2011 submitted to KCC a notice of intent to file a rate case

–

Requires a filing to made within a 30 to 90 day window

•

Expect to file rate case mid to late August

•

Historical test year 12 months ended March 2011

–

Test year to include adjustments for known and measurable items

•

Decision due 240 days from filing

Planned 2011 General Rate Case

July 6 Recent Event Update

7

•

Bill Moore, CEO since 2007 to retire July 31

•

Mark Ruelle, CFO since 2003, to succeed Moore

–

25 years utility experience

–

13 years CFO experience (two different companies)

–

Background

•

Finance

•

Strategy

•

IT

•

HR

•

Operations

•

Regulatory

CEO Succession

July 6 Recent Event Update