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On July 1, 2003, Great Plains Energy Incorporated issued a press release announcing the divestiture of its interest in residential services provider, R.S. Andrews Enterprises, Inc. A copy of the press release is attached to this report as Exhibit 99.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Kansas City, MO, July 1, 2003 - Great Plains Energy (NYSE: GXP) today announced the divestiture of its interest in residential services provider, R.S. Andrews Enterprises, Inc. for approximately $2 million and the assumption of certain liabilities. Under terms of the agreement, Great Plains Energy will repay R.S. Andrews' debt of approximately $23 million and forgive about $4 million of inter-company debt.

In the second quarter of 2003, Great Plains Energy will record a net loss of approximately $7 million to $8 million or $0.10 to $0.11 per share on the divestiture pending the second quarter's results of R.S. Andrews' operations. In late 2004, Great Plains Energy will realize cash tax benefits on the divestiture of approximately $20 million.

Great Plains Energy's financial results in 2002 included an R.S. Andrews' loss of approximately $7 million, or $0.11 per share, including a $3 million write-down of goodwill associated with the implementation of the Statement of Financial Accounting Standards 142. In the first quarter of 2003, Great Plains Energy recognized an R.S. Andrews' loss of approximately $1 million or $0.02 per share.

Great Plains Energy (NYSE: GXP), headquartered in Kansas City, MO, is the holding company for three business units: Kansas City Power & Light Company, a leading regulated provider of electricity in the Midwest; Strategic Energy LLC, an energy management company providing electric load aggregation and power supply coordination; KLT Gas Inc., a subsidiary specializing in coal bed methane exploration and development. The Company's web site: www.greatplainsenergy.com.


CERTAIN FORWARD-LOOKING INFORMATION -- Statements made in this release that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the registrants are providing a number of important factors that could cause actual results to differ materially from the provided forward-looking information. These important factors include: future economic conditions in the regional, national and international markets; market perception of the energy industry and the Company; changes in business strategy, operations or development plans; state and federal legislative and regulatory actions or developments, including deregulation, re-regulation and restructuring of the electric utility industry and constraints placed on the Company's actions by the Public Utility Holding Company Act of 1 935; adverse changes in applicable laws, regulations, rules, principles or practices governing tax, accounting and environmental matters including, but not limited to, air quality; financial market conditions including, but not limited to, changes in interest rates; ability to maintain current credit