Great Plains Energy (GXP) is the parent company of Kansas City Power and Light and Greater Missouri Operations Company. It has a diverse generation platform of more than 6,600 MW of capacity. Coal is used for 83% of the power generation while nuclear fuel makes up approximately 14% of the remaining generation. I am interested in this stock because of the states it serves, Kansas and Missouri. In 2012, Kansas registered a real GDP of only 1.4%, while Missouri's GDP growth (0.4%) ranked close to the bottom, nationally. With dismal growth being recorded in the two states where Great Plains Energy operates, is it worth investing in this power producer?
Great Plains Energy's generation...
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