Exhibit 4(b) KANSAS CITY POWER & LIGHT COMPANY (a Missouri corporation) Debt Securities TERMS AGREEMENT November 15, 2001 To: Kansas City Power & Light Company 1201 Walnut Kansas City, Missouri 64100-2124 Ladies and Gentlemen: We understand that Kansas City Power & Light Company, a Missouri corporation (the "Company"), proposes to issue and sell $150,000,000 aggregate principal amount of its senior debt securities (the "Debt Securities"). Subject to the terms and conditions set forth or incorporated by reference herein from the Underwriting Agreement, dated November 15, 2001, among the Company and ABN AMRO Incorporated and BNY Capital Markets, Inc., the underwriters named below (the "Underwriters") offer to purchase, severally and not jointly, the principal amount of Debt Securities opposite their names set forth below at the purchase price set forth below. Principal Amount Underwriter of Debt Securities - -------------------------------------------------------- ABN AMRO Incorporated $52,500,000 BNY Capital Markets, Inc. $52,500,000 U.S. Bancorp Piper Jaffray Inc. $45,000,000 Total $150,000,000 Debt Securities 		 --------------- Title: 6.50% Senior Notes due November 15, 2011 Rank: The Senior Notes will rank equally with the Company's other unsecured debt securities that are not subordinated obligations. Ratings: Moody's Investors Service, Inc. - A2 (Stable Outlook) Standard & Poor's Ratings Group - BBB+ (Negative Outlook) Aggregate principal amount: $150,000,000 Denominations: $1,000 Currency of payment: U.S. dollars Interest rate or formula: 6.50% per annum Interest payment dates: November 15 and May 15, commencing May 15, 2002 Regular record dates: November 1 or May 1, as applicable, prior to the Interest Payment Dates Stated maturity date: November 15, 2011 Redemption provisions: Optional make-whole redemption (T+25) as described in the prospectus supplement. Sinking fund requirements: None Conversion provisions: None Listing requirements: None Black-out provisions: Date of this Terms Agreement through Closing Date 				2 Fixed or Variable Price Offering: Fixed Price Offering If Fixed Price Offering, initial public offering price: 99.851% of the principal amount, plus accrued interest, if any, from November 20, 2001. Form: Book-entry only Other terms and conditions: Underwriting Fee: 0.65% ($975,000) Net Proceeds after Underwriting Fee and before expenses: 99.201% ($148,801,500) Closing Date and location: November 20, 2001 at the offices of Dewey Ballantine LLP 				3 Please accept this offer no later than 6 p.m. (New York City time) on November 15, 2001 by signing a copy of this Terms Agreement in the space set forth below and returning the signed copy to us. Very truly yours, ABN AMRO INCORPORATED By: /s/David Wood Authorized Signatory BNY CAPITAL MARKETS, INC. By: /s/Gary S. Herzog Authorized Signatory Acting on behalf of themselves and the other underwriter named herein Accepted: KANSAS CITY POWER & LIGHT COMPANY By: /s/Andrea F. Bielsker Name:	Andrea F. Bielsker Title:	Vice President-Finance, 	 Chief Financial Officer 	 and Treasurer