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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM U-13-60

ANNUAL REPORT
FOR THE PERIOD

Beginning April 1, 2003 and Ending December 31, 2003

TO THE

    U.S.  SECURITIES AND EXCHANGE COMMISSION
OF

Great Plains Energy Services Incorporated

(Exact Name of Reporting Company)

A Subsidiary Service Company

Date of Incorporation April 1, 2003                                                              If not Incorporated, Date of Organization

State or Sovereign Power under which Incorporated or Organized:  Missouri

Location of Principal Executive Office of Reporting Company: 1201 Walnut Street,
              Kansas City, Missouri 64106

Name, title, and address of officer to whom correspondence concerning this report should be
               addressed:

Lori A. Wright     Controller                            1201 Walnut, Kansas City, Mo   64106        

  (Name)   (Title)                            (Address)  

Name of Principal Holding Company whose Subsidiaries are served by Reporting
              Company:  Great Plains Energy Incorporated




INSTRUCTIONS FOR USE OF FORM U-13-60

1.  Time of Filing

Rule 94 provides that on or before the first day of May in each calendar year, each mutual service company and each subsidiary service company as to which the Commission shall have made a favorable finding pursuant to Rule 88, and every service company whose application for approval or declaration pursuant to Rule 88, and every service company whose application for approval or declaration pursuant to Rule 88 is pending shall file with the Commission an annual report on Form U-13-60 and in accordance with the instructions for that form.

2.  Number of Copies

Each annual report shall be filed in duplicate. The company should prepare and retain at least one extra copy for itself in case correspondence with reference to the report become necessary.

3.  Period Covered by Report

The first report filed by any company shall cover the period from the date the Uniform System of Accounts was required to be made effective as to that company under Rules 82 and 93 to the end of that calendar year. Subsequent reports should cover a calendar year.

4.  Report Format

Reports shall be submitted on the forms prepared by the Commission. If the space provided on any sheet of such form is inadequate, additional sheets may be inserted of the same size as a sheet of the form or folded to each size.

5.  Money Amounts Displayed

All money amounts required to be shown in financial statements may be expressed in whole dollars, in thousands of dollars or in hundred thousands of dollars, as appropriate and subject to provisions of Regulation S-X (§210.3-01(b)).

6.  Deficits Displayed

Deficits and other like entries shall be indicated by the use of either brackets or a parenthesis with corresponding reference in footnotes (Regulation S-X, §210.3-01(c)).

7.  Major Amendments or Corrections

Any company desiring to amend or correct a major omission or error in a report after it has been filed with the Commission shall submit an amended report including only those pages, schedules, and entries that are to be amended or corrected. A cover letter shall be submitted requesting the Commission to incorporate the amended report changes and shall be signed by a duly authorized officer of the company.

8.  Definitions

Definitions contained in Instruction 01-8 to the Uniform System of Accounts for Mutual Service Companies and Subsidiary Service Companies, Public Utility Holding Company Act of 1935, as amended February 2, 1979 shall be applicable to words or terms used specifically with this Form U-13-60.

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9.  Organizational Chart

The service company shall summit with each annual report a copy of its current organization chart.

10.  Methods of Allocation

The service company shall summit with each annual report a listing of the currently effective methods of allocation being used by the service company and on file with the Securities and Exchange Commission pursuant to the Public Utility Holding Company Act of 1935.

11.   Annual Statement of Compensation for Use of Capital Billed

The service company shall submit with each annual report a copy of the annual statement supplied to each associate company in support of the amount of compensation for use of capital billed during the calendar year.

12.  Collection of Information

The information requested by this form is being collected because rules 93 and 94 of the Public Utility Holding Company Act of 1935 (“Act”) require it. The Commission uses this information to determine the existence of detriments to interests the Act is designed to protect. The Commission estimates that it will take each respondent fourteen and one-half (14.5) hours to respond to this collection of information. A response to this form is mandatory. Without approval by the Commission, holding companies would be in violation of the Act. The information on this form will not be kept confidential. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid control number.

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LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS

    Schedule or   Page
Description of Schedules and Accounts Account Number Number

         
Comparative Balance Sheet        Schedule I  6- 7
  
Service Company Property        Schedule II  8  
  
Accumulated Provision for Depreciation and 
  Amortization of Service Company Property        Schedule III  9  
  
Investments        Schedule IV  10  
  
Accounts Receivable from Associate Companies        Schedule V  11  
  
Fuel Stock Expense Undistributed        Schedule VI  12  
  
Stores Expense Undistributed        Schedule VII  12  
  
Miscellaneous Current and Accrued Assets        Schedule VIII  13  
  
Miscellaneous Deferred Debits        Schedule IX  14  
  
Research, Development or Demonstration Expenditures        Schedule X        15  
  
Proprietary Capital        Schedule XI        16  
  
Long-Term Debt        Schedule XII        17  
  
Current and Accrued Liabilities        Schedule XIII  18  
  
Notes to Financial Statements        Schedule XIV  19 -20
  
Statement of Income        Schedule XV  21 -22
  
Analysis of Billing Associate Companies        Account 457  23  
  
Analysis of Billing Nonassociate Companies        Account 458  24  
  
Analysis of Charges for Service Associate and 
 Nonassociate Companies        Schedule XVI  25  
  
Schedule of Expense Distribution by Department or Service   Function        Schedule XVII  26  
  
Departmental Analysis of Salaries        Account 920  27  
  
Outside Services Employed        Account 923  28 -29
  
Employee Pensions and Benefits        Account 926  30  
  
General Advertising Expenses        Account 930.1  31  
  
Miscellaneous General Expenses        Account 930.2  32  
  

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Rents        Account 931        33  
  
Taxes Other Than Income Taxes       Account 408  34  
  
Donations       Account 426.1  35  
  
Other Deductions       Account 426.5  36  
  
Notes to Statement of Income       Schedule XVIII  37  
  
Organization Chart       Attachment  38  
  
Methods of Allocation       Attachment  39 -40
  
Annual Statement of Compensation for Use of Capital Billed       Attachment  41  

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

Schedule I - Comparative Balance Sheet
(In Thousands)

Give balance sheet of the Company as of December 31 of the current and prior year.

Account Assets and Other Debits As of December 31

2003 2002
                           
         Service Company Property            
               
 101       Service company property (Schedule II)   $ -   $ -  
 107       Construction work in progress (Schedule II)    203    -  

               Total Property    203    -  

               
 108       Less accumulated provision for depreciation and amortization of            
         service company property (Schedule III)    -    -  

               Net Service Company Property    203    -  

               
 123       Investments in associate companies (Schedule IV)    -    -  
 124       Other investments (Schedule IV)    -    -  

               Total Investments    -    -  

               
               Current and Accrued Assets            
               
 131       Cash    (200 )  -  
 134       Special deposits    -    -  
 135       Working funds    -    -  
 136       Temporary cash investments (Schedule IV)    200    -  
 141       Notes receivable    -    -  
 143       Accounts receivable    181    -  
 144       Accumulated provision for uncollectible accounts    -    -  
 146       Accounts receivable from associate companies (Schedule V)    12,737    -  
 152       Fuel stock expenses undistributed (Schedule VI)    -    -  
 154       Materials and supplies    -    -  
 163       Stores expense undistributed (Schedule VII)    -    -  
 165       Prepayments    370    -  
 174       Miscellaneous current and accrued assets (Schedule VIII)    -    -  

               Total Current and Accrued Assets    13,288    -  

               
               Deferred Debits            
               
 181       Unamortized debt expense    -    -  
 184       Clearing accounts    -    -  
 186       Miscellaneous deferred debits (Schedule IX)    2,669    -  
 188       Research, development, or demonstration expenditures (Schedule X)    -    -  
 190       Accumulated deferred income taxes    -    -  

         Total Deferred Debits    2,669    -  


               TOTAL ASSETS AND OTHER DEBITS   $ 16,160   $ -  

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                  Proprietary Capital              
                         
201      Common stock issued (Schedule XI)   $ 10   $ -  
211      Miscellaneous paid-in-capital (Schedule XI)    -    -  
215      Appropriated retained earnings (Schedule XI)    -    -  
216      Unappropriated retained earnings (Schedule XI)    -    -  
219      Accumulated other comprehensive income (loss) (Schedule XI)    (1,884 )  -  

                  Total Proprietary Capital    (1,874 )  -  

                         
                  Long-Term Debt            
                         
223      Advances from associate companies (Schedule XII)    -    -  
224      Other long-term debt (Schedule XII)    -    -  
225      Unamortized premium on long-term debt    -    -  
226      Unamortized discount on long-term debt-debit    -    -  

                  Total Long-Term Debt    -    -  

                         
                  Other Noncurrent Liabilities            
                         
228.2      Accumulated provision for injuries and damages    163    -  
228.3      Accumulated provision for pensions and post retirement benefits    5,054    -  

                  Total Other Noncurrent Liabilities    5,217    -  

                         
                  Current and Accrued Liabilities            
                         
231      Notes payable    -    -  
232      Accounts payable    12,075    -  
233      Notes payable to associate companies (Schedule XIII)    -    -  
234      Account payable to associate companies (Schedule XIII)    308    -  
236      Taxes accrued    (173 )  -  
237      Interest accrued    -    -  
238      Dividends declared    -    -  
241      Tax collections payable    375    -  
242      Miscellaneous current and accrued liabilities (Schedule XIII)    1,773    -  

                  Total Current and Accrued Liabilities    14,358    -  

                         
                  Deferred Credits            
                         
253      Other deferred credits    235    -  
255      Accumulated deferred investment tax credits    -    -  

                  Total Deferred Credits    235    -  

                    
                  Accumulated Deferred Income Taxes            
282      Accumulated deferred income taxes-other property    -    -  
283      Accumulated deferred income taxes-other    (1,776 )  -  

                  Total Accumulated Deferred Income Taxes    (1,776 )  -  

                         

                        TOTAL LIABILITIES AND PROPRIETARY CAPITAL   $ 16,160   $ -  

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule II - Service Company Property
(In Thousands)

Balance at Retirement Balance
Beginning or Other at Close
Description of Year Additions Sales Changes (1) of Year

Service Company Property
 
Account                               
              301 Organization   $ -   $ -   $ -   $ -   $ -  
              303 Miscellaneous intangible plant    -    -    -    -    -  
              304 Land and land rights    -    -    -    -    -  
              305 Structures and improvements    -    -    -    -    -  
              306 Leasehold improvements    -    -    -    -    -  
              307 Equipment (2)    -    -    -    -    -  
              308 Office furniture and equipment    -    -    -    -    -  
              309 Automobiles, other vehicles and    -    -    -    -    -  
                          related garage equipment    -    -    -    -    -  
              310 Aircraft and airport equipment    -    -    -    -    -  
              311 Other service company property (3)    -    -    -    -    -  

                          SUB-TOTAL    -    -    -    -    -  
              107 Construction work in progress (4)    -    203    -    -    203  

                          TOTAL   $ -   $ 203   $ -   $ -   $ 203  

       (1)  Provide an explanation of those changes considered material: N/A  
      (2)  Subacccounts are required for each class of equipment owned. The service company shall provide a listing by 
            subaccount of equipment additions during the year and the balance at the close of year: N/A 
      (3)  Describe other service company property: N/A 
      (4)  Describe construction work in progress: Cash management system 

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule III — Accumulated Provision for Depreciation and Amortization of Service Company Property
(In Thousands)

Other
Balance at Additions Changes Balance
Beginning Account Add at Close
Description of Year 403 Retirements (Deduct)(1) of Year

 
Account
              301 Organization     $ -   $ -   $ -   $ -   $ -  
              303 Miscellaneous intangible plant    -    -    -    -    -  
              304 Land and land rights    -    -    -    -    -  
              305 Structures and improvements    -    -    -    -    -  
              306 Leasehold improvements    -    -    -    -    -  
              307 Equipment    -    -    -    -    -  
              308 Office furniture and fixtures    -    -    -    -    -  
              309 Automobiles, other vehicles                           
                         and related garage equipment    -    -    -    -    -  
              310 Aircraft and airport equipment    -    -    -    -    -  
              311 Other service company property    -    -    -    -    -  

                            TOTAL   $ -   $ -   $ -   $ -   $ -  

(1)  Provide an explanation of those changes considered material: N/A    

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule IV — Investments
(In Thousands)

Instructions:

Complete the following schedule concerning investments.

Under Account 124 "Other Investments" state each investment separately, with description, including the name of issuing company, number of shares or principal amount, etc.

Under Account 136, "Temporary Cash Investments," list each investment separately.

Balance at Balance at
Description Beginning of Year Close of Year

 
Account
              123 Investment in associate companies     $ -   $ -  
              124 Other investments    -    -  
              136 Temporary cash investments            
                         AIM Government & Agency Portfolio    -    200  

                             TOTAL   $ -   $ 200  

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         ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule V - Accounts Receivable from Associate Companies
(In Thousands)

Instructions:

Complete the following schedule listing accounts receivable from each associate company. Where the service company has provided accommodation or convenience payments for associate companies, a separate listing of total payments for each associate company by subaccount should be provided.

Balance at Balance at
Description Beginning of Year Close of Year

Account
          146 Accounts Receivable from Associate Companies            
                     
                 Kansas City Power & Light Company   $ -   $ 10,328  
                 KLT Inc. (including Strategic Energy, L.L.C.)    -    873  
                 Home Service Solutions Inc.    -    560  
                 Worry Free Service, Inc.    -    61  
                 Innovative Energy Consultants Inc.    -    19  
                 Great Plains Power Incorporated    -    118  
                 Great Plains Energy Incorporated    -    778  

                        TOTAL   $ -   $ 12,737  

Analysis of Convenience or Accommodation Payments:

Total
Payments (1)

                
                Kansas City Power & Light Company       $ 2,816  
                Worry Free Service, Inc.        3  

                                                                                             $ 2,819  

(1)     Convenience payments relate to security and directors and officers insurance.

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule VI — Fuel Stock Expenses Undistributed
(In Thousands)

Instructions:

Report the amount of labor and expenses incurred with respect to fuel stock expenses during the year and indicate amount attributable to each associate company. Under the section headed "Summary" listed below give an overall report of the fuel functions performed by the service company.

Description Labor Expenses Total

Account 152 Fuel stock expenses undistributed     $ -   $ -   $ -  

                       TOTAL   $ -   $ -   $ -  

                  
                        Summary:                 

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule VII — Stores Expense Undistributed
(In Thousands)

Instructions:

Report the amount of labor and expenses incurred with respect to stores expense during the year and indicate amount attributable to each associate company.

Description Labor Expenses Total

Account 163 Store expense undistributed     $ -   $ -   $ -  

                       TOTAL   $ -   $ -   $ -  

                  

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule VIII - Miscellaneous Current and Accrued Assets
(In Thousands)

Instructions:

Provide detail of items in this account. Items less than $10,000 may be grouped, showing the number of items in each group.

Balance at Balance at
Description Beginning of Year Close of Year

Account 174 Miscellaneous current and accrued assets     $ -   $ -  

                               TOTAL   $ -   $ -  

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule IX - Miscellaneous Deferred Debits
(In Thousands)

Instructions:

Provide detail of items in this account. Items less than $10,000 may be grouped, showing the number of items in each group.

Balance at Balance at
Description Beginning of Year Close of Year

 
Account 186 Miscellaneous deferred debits              
                        Prepaid pension costs   $ -   $ 1,255  
                        Prepaid supplemental executive retirement program    -    104  
                        Prepaid postretirement health and life    -    429  
                        Intangible pension asset    -    881  

                                TOTAL   $ -   $ 2,669  

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule X - Research, Development or Demonstration Expenditures
(In Thousands)

Instructions:

Provide a description of each material research, development or demonstration project which incurred costs by the service corporation during the year.

Description Amount

Account 188 Research, development or demonstration expenditures     $ -  

                             TOTAL   $ -  

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule XI - Proprietary Capital
(In Thousands)

Number of Par or Stated Outstanding Close of Period

Account Class of Shares Value No. of Total
  Number Stock Authorized Per Share Shares Amount

      201     Common stock issued                      100     $ -                       1     $ 10  

Instructions:
Classify amounts in each account with brief explanation, disclosing the general nature of transactions which give rise to the reported amounts.

Description Amount

Account 211 Miscellaneous paid-in-capital                       $ -  
                  
Account 215 Appropriated retained earnings                -  

                            TOTAL               $ -  

Instructions:
Give particulars concerning net income or (loss) during the year, distinguishing between compensation for the use of capital owed or net loss remaining from servicing nonassociates per the General Instructions of the Uniform of System of Accounts. For dividends paid during the year in cash or otherwise, provide rate percentages, amount of of dividend, date declared and date paid.

Balance at Net Income Dividends Balance at
Description Beginning of Year or (Loss) Paid Close of Year

Account 216  Unappropriated retained earnings     $ -    -    -   $ -  

                         TOTAL   $ -    -    -   $ -  


Balance at Balance at
Description Beginning of Year Close of Year

Account 219 Accumulated other comprehensive                          
                            income (loss) (1)           $ -   $ (1,884 )

                       TOTAL           $ -   $ (1,884 )

(1) At December 31, 2003, GPES recorded a minimum pension liability adjustment of $4.0 million due to lower discount rates and prior years' losses in the market value of plan assets. The adjustment resulted in a charge to accumulated other comprehensive income (loss) of ($3.1 million) or ($1.9 million net of tax).

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule XII - Long-Term Debt
(In Thousands)

Instructions:

Advances from associate companies should be reported separately for advances on notes, and advances on open accounts. Names of associate companies from which advances were received shall be shown under the class and series of obligation column. For Account 224-Other long-term debt provide the name of the creditor company or organization, terms of obligation, date of maturity, interest rate, and the amount authorized and outstanding.

Terms of
Name Obligation Balance at Balance at
of Class & Series Date of Interest Amount Beginning of Deductions Close of
Creditor of Obligation Maturity Rate Authorized Year Additions (1) Year

Account 223                                            
Advances from                                          
associate                                          
companies                       $ -   $ -   $ -   $ -  
                                           
Account 224                                          
Other long-term                                          
debt                        -    -    -    -  

      TOTAL                       $ -   $ -   $ -   $ -  

(1)     Give an explanation of deductions: N/A

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule XIII — Current and Accrued Liabilities
(In Thousands)

Instructions:

Provide the balance of notes and accounts payable to each associate company. Give description and
amount of miscellaneous current and accrued liabilities. Items less than $10,000 may be grouped,
showing the number of items in each group.

Balance at Balance at
Description Beginning of Year Close of Year

Account 233  Notes payable to associate companies     $ -   $ -  

                 
                      
Account 234  Accounts payable to associate companies  
                            Great Plains Energy Incorporated    -    308  

               
               
Account 242  Miscellaneous current and accrued liabilities            
                             Accrued vacation    -    1,772  
                             Miscellaneous    -    1  

                                 TOTAL   $ -   $ 1,773  

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ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule XIV – Notes to Financial Statements

Instructions:

The space below is provided for important notes regarding the financial statements or any account thereof. Furnish particulars as to any significant contingent assets or liabilities existing at the end of the year. Notes relating to financial statements shown elsewhere in this report may be indicated here by reference.

Note 1 – Summary of Significant Accounting Policies

Organization
Great Plains Energy Services Incorporated (GPES) is a wholly-owned subsidiary of Great Plains Energy Incorporated (GPE or Company), a public utility holding company registered with and subject to the regulation of the Securities and Exchange Commission under the Public Utility Holding Company Act of 1935 (35 Act). GPES was formed in April 2003 as a service company under the 35 Act to provide support and administrative services to GPE and certain of its subsidiaries.

Nature of Operations
GPES provides services at cost. Costs are ultimately assigned to GPE or one of its subsidiaries based on allocations or cost assignments developed to reflect the actual cost as closely as practical and to prevent the subsidization of any company. The charges for services include no compensation for the use of equity capital.

Basis of Presentation
GPES follows the Uniform System of Accounts prescribed for public utilities by the Federal Energy Regulatory Commission modified to include certain service company accounts in accordance with SEC guidance. GPES’ financial statements are prepared in conformity with U.S. generally accepted accounting principles.

Cash and Cash Equivalents
Cash and cash equivalents include cash on hand and highly liquid investments with original maturities of three months or less.

Income Taxes
GPE and its subsidiaries file consolidated federal and consolidated, combined or separate state income tax returns. Deferred income taxes are recorded using statutory tax rates to reflect the effect of temporary differences between financial reporting and tax purposes.

Note 2 – Common Stock

GPES is authorized to issue 100 shares of no par common stock. GPE holds all of the outstanding GPES common stock. At December 31, 2003, GPES had one share of common stock outstanding.

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Note 3 – Related Party Transactions

GPES has entered into service agreements with GPE and its subsidiaries to provide services at cost. At December 31, 2003, GPES’ associates include:

    o   Great Plains Energy Incorporated  
   o  Kansas City Power & Light Company 
   o  Home Service Solutions Inc. 
   o  Worry Free Service, Inc. 
   o  Innovative Energy Consultants Inc. 
   o  Great Plains Power Incorporated 
   o  KLT Inc.(including Strategic Energy, L.L.C.) 

At December 31, 2003, associate company receivables and associate company payables were approximately $12.7 million and $0.3 million, respectively.

Note 4 – Pension Plans and Other Employee Benefits

GPE’s defined benefit pension plans cover substantially all employees of the Company, including officers. Benefits under these plans reflect the employees’ compensation, years of service and age at retirement. The funding policy for the pension plans is to contribute amounts sufficient to meet the minimum funding requirements under the Employee Retirement Income Security Act of 1974 plus additional amounts as considered appropriate.

Pension contributions and expenses are allocated to the Company’s subsidiaries based on the labor costs of the plan participants. GPES’ share of pension costs and contributions in 2003 were $2.0 million and $1.9 million, respectively.

Primarily as a result of lower discount rates and prior years’ losses in the market value of plan assets, the Company recorded an additional minimum pension liability adjustment. The additional minimum pension liability is allocated based on each plan’s funded status. GPES’ portion of the additional minimum pension liability at December 31, 2003 was $4.0 million offset by an intangible asset of $0.9 million and other comprehensive income (loss) of $3.1 million ($1.9 million net of tax).

In addition to providing pension benefits, the Company provides certain postretirement health care and life insurance benefits for substantially all retired employees. The cost of postretirement health care and life insurance benefits are accrued during an employee’s years of service. The Company funds the portion of net periodic postretirement benefit costs that are tax deductible. For postretirement health care plans, contributions and expenses are allocated to the Company’s subsidiaries based on the number of plan participants. GPES’ share of postretirement expenses was approximately $1.3 million in 2003.

20

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule XV - Statement of Income
(In Thousands)

Current Prior
Account Description Year Year

Income
 
 457   Services rendered to associate companies     $ 53,983   $ -  
 458   Services rendered to nonassociate companies    -    -  

                    TOTAL INCOME    53,983    -  

                        
                        
           Expense            
                        
 506   Miscellaneous steam power operations    1,053    -  
 507   Steam power operations-rents    232    -  
 546   Production turbine operations    16    -  
 557   Production other expenses    399    -  
 566   Transmission operations miscellaneous expense    77    -  
 567   Transmission operations-rents    229    -  
 580   Distribution operations    1    -  
 583   Distribution operations-overhead lines    10    -  
 587   Distribution operations-customer installations    4    -  
 588   Distribution maintenance miscellaneous expense    1,206    -  
 589   Distribution operations-rents    752    -  
 591   Distribution maintenance-structures    175    -  
 901   Customer accounts-supervision    27    -  
 902   Meter reading expense    50    -  
 903   Customer records and collection expense    1,343    -  
 908   Customer assistance expense    47    -  
 912   Sales expense    3    -  
 920   Salaries and wages    18,635    -  
 921   Office supplies and expenses    3,454    -  
 922   Administrative expense transferred - credit    4,933    -  
 923   Outside services employed    3,307    -  
 924   Property insurance    -    -  
 925   Injuries and damages    812    -  
 926   Employee pensions and benefits    8,845    -  
 928   Regulatory commission expense    59    -  
 930.1   General advertising expense    238    -  
 930.2   Miscellaneous general expense    1,572    -  
 931   Rents    2,319    -  
 932   Maintenance of structures and equipment    1,634    -  
 933   Transportation expense    52    -  
 403   Depreciation and amortization expense    -    -  
 408   Taxes other than income taxes    1,450    -  
 409   Income taxes    (166 )  -  
 410   Provision for deferred income taxes    -    -  

21

 
 411   Provision for deferred income taxes - credit      166    -  
 411.5   Investment tax credit    -    -  
 417.1   Nonutility operations    118    -  
 419   Interest and dividend income    (7 )  -  
 426.1   Donations    289    -  
 426.4   Civic and political lobbying    596    -  
 426.5   Other deductions    32    -  
 427   Interest on long-term debt    -    -  
 430   Interest on debt to associate companies    14    -  
 431   Other interest expense    7    -  

            TOTAL EXPENSE    53,983    -  

            NET INCOME OR (LOSS)   $ -   $ -  

22

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Analysis of Billing Associate Companies - Account 457
(In Thousands)

Direct Costs Indirect Costs Compensation Total
Name of Associate Company Charged Charged For Use of Capital Amount Billed
457-1 457-2 457-3

Kansas City Power & Light Company     $ 28,662   $ 15,773   $ -   $ 44,435  
Home Service Solutions Inc.    287    274    -    561  
Worry Free Service, Inc.    102    134    -    236  
Innovative Energy Consultants Inc.    48    17    -    65  
Great Plains Power Incorporated    144    328    -    472  
Great Plains Energy Incorporated    3,178    993    -    4,171  
KLT Inc. (including Strategic Energy, L.L.C.)    2,123    1,920    -    4,043  

   TOTAL   $ 34,544   $ 19,439   $ -   $ 53,983  

23

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Analysis of Billing Nonassociate Companies — Account 458
(In Thousands)

Instructions:

Provide a brief description of the services rendered to each nonassociate company:

Direct Costs Indirect Costs Compensation Total Excess or Total
Name of Nonassociate Company Charged Charged For Use of Capital Cost Deficiency Amount Billed
458-1 458-2 458-3 458-4

        None                                      

24


ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule XVI - Analysis of Charges for Service Associate and Nonassociate Companies
(In Thousands)

Instructions:

Total cost of service will equal for associate and nonassociate companies the total amount billed under their separate analysis of billing schedules.

Associate Company Charges Nonassociate Company Charges Total Charges for Services

Direct Indirect Direct Indirect Direct Indirect
Account Description of Items Cost Cost Total Cost Cost Total Cost Cost Total

 506   Miscellaneous steam power operations     $ 1,053   $ -   $ 1,053   $ -   $ -   $ -   $ 1,053   $ -   $ 1,053  
 507   Steam power operations-rents    232    -    232    -    -    -    232    -    232  
 546   Production turbine operations    16    -    16    -    -    -    16    -    16  
 557   Production other expenses    399    -    399    -    -    -    399    -    399  
 566   Transmission operations misc. expense    77    -    77    -    -    -    77    -    77  
 567   Transmission operations-rents    229    -    229    -    -    -    229    -    229  
 580   Distribution operations    1    -    1    -    -    -    1    -    1  
 583   Distribution operations-overhead lines    10    -    10    -    -    -    10    -    10  
 587   Distribution operations-customer installations    4    -    4    -    -    -    4    -    4  
 588   Distribution maintenance miscellaneous exp    1,206    -    1,206    -    -    -    1,206    -    1,206  
 589   Distribution operations-rents    752    -    752    -    -    -    752    -    752  
 591   Distribution maintenance-structures    175    -    175    -    -    -    175    -    175  
 901   Customer accounts-supervision    27    -    27    -    -    -    27    -    27  
 902   Meter reading expense    50    -    50    -    -    -    50    -    50  
 903   Customer records and collection expense    1,343    -    1,343    -    -    -    1,343    -    1,343  
 908   Customer assistence expense    47    -    47    -    -    -    47    -    47  
 912   Sales expense    3    -    3    -    -    -    3    -    3  
 920   Salaries & wages    12,563    6,072    18,635    -    -    -    12,563    6,072    18,635  
 921   Office supplies & expenses    1,598    1,856    3,454    -    -    -    1,598    1,856    3,454  
 922   Administrative exp transferred-credit    1,793    3,140    4,933    -    -    -    1,793    3,140    4,933  
 923   Outside services employed    1,380    1,927    3,307    -    -    -    1,380    1,927    3,307  
 924   Property insurance    -    -    -    -    -    -    -    -    -  
 925   Injuries and damages    615    197    812    -    -    -    615    197    812  
 926   Employee pensions & benefits    5,068    3,777    8,845    -    -    -    5,068    3,777    8,845  
 928   Regulatory commission expense    59    -    59    -    -    -    59    -    59  
 930.1   General advertising expenses    224    14    238    -    -    -    224    14    238  
 930.2   Miscellaneous general expenses    1,482    90    1,572    -    -    -    1,482    90    1,572  
 931   Rents    455    1,864    2,319    -    -    -    455    1,864    2,319  
 932   Maintenance of structures & equipment    1,208    426    1,634    -    -    -    1,208    426    1,634  
 933   Transportation expense    29    23    52    -    -    -    29    23    52  
 403   Depreciation & amortization expense    -    -    -    -    -    -    -    -    -  
 408   Taxes other than income tax    1,450    -    1,450    -    -    -    1,450    -    1,450  
 409   Income tax    (166 )  -    (166 )  -    -    -    (166 )  -    (166 )
 410   Provision for deferred income tax    -    -    -    -    -    -    -    -    -  
 411   Provison for deferred income taxes-credit    166    -    166    -    -    -    166    -    166  
 411.5   Investment tax credit    -    -    -    -    -    -    -    -    -  
 417.1   Nonutility operations    115    3    118    -    -    -    115    3    118  
 419   Interest and dividend income    (7 )  -    (7 )  -    -    -    (7 )  -    (7 )
 426.1   Donations    274    15    289    -    -    -    274    15    289  
 426.4   Civic and political lobbying    570    26    596    -    -    -    570    26    596  
 426.5   Other deductions    23    9    32    -    -    -    23    9    32  
 427   Interest on long-term debt    -    -    -    -    -    -    -    -    -  
 430   Interest on debt to associated companies    14    -    14    -    -    -    14    -    14  
 431   Other interest expense    7    -    7    -    -    -    7    -    7  

                                                     
     TOTAL EXPENSE    34,544    19,439    53,983    -    -    -    34,544    19,439    53,983  
                                                     
     Compensation for Use of Equity Capital                                               
 430   Interest on debt to associate companies    -    -    -    -    -    -    -    -    -  

                                                     
     TOTAL COST OF SERVICE   $34,544 $19,439 $53,983 $- $-   $ -   $34,544   $19,439 $53,983

25

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule XVII - Schedule of Expense Distribution by Department or Service Function
(In Thousands)

Instruction:

Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System: Uniform System of Accounts).

Corporate
Development
Account Description of Items Total and Public Corporate Corporate Human Support Information Financial Admin. Misc.
Amount Compliance Affairs Finance Values Resources Services Technology Services Services Services

 506   Miscellaneous steam power operations     $ 1,053   $ -   $ -   $ -   $ -   $ -   $ 1,028   $ 25   $ -   $ -   $ -  
 507   Steam power operations-rents    232    -    -    -    -    -    68    164    -    -    -  
 546   Production turbine operations    16    16    -    -    -    -    -    -    -    -    -  
 557   Production other expenses    399    208    -    -    -    4    1    162    -    -    24  
 566   Transmission operations miscellaneous expense    77    19    -    -    -    -    37    21    -    -    -  
 567   Transmission operations-rents    229    -    -    -    -    -    1    228    -    -    -  
 580   Distribution operations    1    -    -    -    -    -    1    -    -    -    -  
 583   Distribution operations-overhead lines    10    -    -    -    -    -    -    9    -    -    1  
 587   Distribution operations-customer installations    4    -    -    -    -    -    -    4    -    -    -  
 588   Distribution maintenance miscellaneous expense    1,206    45    -    -    -    8    694    459    -    -    -  
 589   Distribution operations-rents    752    -    -    -    -    -    32    720    -    -    -  
 591   Distribution maintenance-structures    175    -    -    -    -    -    175    -    -    -    -  
 901   Customer accounts-supervision    27    -    -    27    -    -    -    -    -    -    -  
 902   Meter reading expense    50    -    -    -    -    -    -    50    -    -  
 903   Customer records and collection expense    1,343    -    -    24    -    -    30    1,099    190    -    -  
 908   Customer assistance expense    47    -    -    -    -    47    -    -    -    -    -  
 912   Sales expense    3    -    -    -    -    -    3    -    -    -    -  
 920   Salaries and wages    18,635    3,885    795    3604    150    1,419    2,954    4,764    806    41    217  
 921   Office supplies and expenses    3,454    544    118    313    43    671    898    741    78    5    43  
 922   Administrative expense transferred-credit    4,933    567    29    588    11    114    1,421    2,016    126    7    54  
 923   Outside services employed    3,307    1,178    32    710    18    297    712    323    20    1    16  
 924   Property insurance    -    -    -    -    -    -    -    -    -    -    -  
 925   Injuries and damages    812    43    -    171    -    380    37    95    6    -    80  
 926   Employee pensions and benefits    8,845    1,656    779    1447    56    838    1,475    2,156    322    14    102  
 928   Regulatory commission expense    59    -    -    1    -    -    58    -    -    -    -  
 930.1   General advertising expense    238    4    225    1    -    1    3    4    -    -    -  
 930.2   Miscellaneous general expense    1,572    448    699    344    1    47    11    9    10    -    3  
 931   Rents    2,319    397    60    235    13    75    451    1,008    49    4    27  
 932   Maintenance of structures    1,634    74    4    46    3    12    1,162    315    10    1    7  
 933   Transportation expense    52    9    6    3    1    -    11    22    -    -    -  
 403   Depreciation and amortization expense    -    -    -    -    -    -    -    -    -    -    -  
 408   Taxes other than income taxes    1,450    289    15    175    5    52    301    539    34    2    38  
 409   Income taxes    (166 )  -    -    -    -    -    -    -    -    -    (166 )
 410   Provision for deferred income taxes    -    -    -    -    -    -    -    -    -    -    -  
 411   Provision for deferred income taxes-credit    166    -    -    -    -    -    -    -    -    -    166  
 411.5   Investment tax credit    -    -    -    -    -    -    -    -    -    -    -  
 417.1   Nonutility operations    118    -    -    26    -    -    1    1    -    -    90  
 419   Interest and dividend income    (7 )  -    -    -    -    -    -    -    -    -    (7 )
 426.1   Donations    289    6    272    2    -    -    4    4    -    -    1  
 426.4   Civic and political lobbying    596    5    570    3    -    1    6    10    -    -    1  
 426.5   Other deductions    32    5    25    -    -    -    1    -    -    -    1  
 427   Interest on long-term debt    -    -    -    -    -    -    -    -    -    -    -  
 430   Interest on debt to associate companies    14    -    -    -    -    -    -    -    -    -    14  
 431   Other interest expense    7    -    -    -    -    -    -    -    -    -    7  
                                                                    

            TOTAL EXPENSES   $ 53,983   $ 9,398   $ 3,629   $ 7,720   $ 301   $ 3,966   $ 11,576   $ 14,948   $ 1,651   $ 75   $ 719  

26

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Service Function Analysis of Salaries - Account 920
(In Thousands)

Departmental Salary Expense
Included in Amounts Billed to Number of

Name of Department Total Parent Other Non Personnel
Indicate each department or service function Amount Company Associates Associates End of Year (1)

Corporate development and compliance     $ 3,886   $ 491   $ 3,395   $ -    63  
Public affairs    796    196    600    -    22  
Corporate finance    3,604    340    3,264    -    22  
Corporate values    150    1    149    -    8  
Human resources    1,420    8    1,412    -    26  
Support services    2,954    129    2,825    -    50  
Information technology    4,763    82    4,681    -    132  
Financial services    804    20    784    -    66  
Administrative services (2)    41    2    39    -    -  
Miscellaneous services (2)    217    5    212    -    -  

     TOTAL   $ 18,635   $ 1,274   $ 17,361   $ -    389  

        (1) Not rounded to thousands
        (2) Labor in administrative services and miscellaneous services is labor charged to work orders by employees in all other departments.

27

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Outside Services Employed - Account 923
(In Thousands)

Instructions:

Provide a breakdown by subaccount of outside services employed. If the aggregate amounts paid to any one payee and included within one subaccount is less than $25,000 only the aggregate number and amount of all such payments included within the subaccount need be shown. Provide a subtotal for each type of service.

Relationship
"A" - Associate
"NA"- Non
From Whom Purchased Address Associate Amount

Outside Service - Security                     
Allied Security Incorporated       NA   $ 430  
Other (41)       NA    20  

     SUB-TOTAL            450  

                
Outside Service - Auditing & Tax               
Deloitte & Touche LLP       NA    328  
Other (3)       NA    5  

     SUB-TOTAL            333  

                
Outside Service - Financial               
William Blair & Company      NA    311  
Standard & Poor's       NA    7  

     SUB-TOTAL            318  

                
Outside Service - Risk Management               
Morrow Management Services, L.L.C.       NA    216  

     SUB-TOTAL            216  

                
Outside Service - Computer               
Pintlar Technologies       NA    179  
Institute for Management Studies       NA    109  
Symantec Corporation       NA    38  
Meta Group       NA    27  
Other - Computer (11)       NA    70  

     SUB-TOTAL            423  

                
Outside Service - Legal               
Spencer, Fane, Britt & Browne       NA    112  
Bioff, Finucane, Coffey & Holland, L.L.P.       NA    37  
Polsinelli, Shalton & Welte, P.C.       NA    31  
Skadden, Arps, Slate, Meagher       NA    40  
Other - Legal (10)       NA    42  

     SUB-TOTAL            262  

28

Outside Service - Consulting                     
Bridge Strategy Group       NA    382  
Gould, Nate       NA    35  
Orman, Gregory J       NA    51  
Other Consulting (10)       NA    47  

     SUB-TOTAL            515  

                
Outside Service - Human Resources               
Spencer Stuart       NA    342  
Kelly Services, Inc.       NA    82  
J. Howard & Associates, Inc.       NA    32  
MarketSphere Consulting, LLC       NA    40  
T.I.P. Research Inc.       NA    50  
Towers Perrin       NA    36  
Other - Human Resources (24)       NA    147  

     SUB-TOTAL            729  

                
Outside Services - Facility Services               
Victor G. Construction Co.       NA    29  
Other - Facility Services (8)       NA    32  

     SUB-TOTAL            61  

     TOTAL           $ 3,307  

29

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Employee Pensions and Benefits - Account 926
(In Thousands)

Instructions:

Provide a listing of each pension plan and benefit program provided by the service company. Such
listing should be limited to $25,000.

Description Amount

Educational assistance     $ 79  
Employee assistance    39  
Employee publications and other communications    160  
Dental insurance    322  
Medical    2,140  
Life and accident insurance    28  
Long-term disability insurance    86  
Other post retirement benefits    1,342  
Pension plan    2,033  
Savings investment plan    716  
Severance pay    2,177  
Transfer to construction    (318 )
Other    41  

    TOTAL   $ 8,845  

30

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

General Advertising Expenses - Account 930.1
(In Thousands)

Instructions:

Provide a listing of the amount included in Account 930.1, “General Advertising Expenses,” classifying the items according to the nature of the advertising and as defined in the account definition. If a particular class includes an amount in excess of $3,000 applicable to a single payee, show separately the name of the payee and the aggregate amount applicable thereto.

Description Name of Payee Amount

Advertising in newspapers, bill inserts, internet, company               
store logo merchandise, sponsorships of service           
territory events, labor for corporate communications   American Royal Association   $ 15  
and community relations   Bakers Man Productions, LLC    6  
    Elcom    16  
    Tee Time    5  
    Eweb Translator Inc    7  
    Xpedx    7  
    Other (43)    47  
    Payroll    135  

     TOTAL       $ 238  

31

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Miscellaneous General Expenses - Account 930.2
(In Thousands)

Instructions:

Provide a listing of the amount included in Account 930.2, “Miscellaneous General Expenses,” classifying such expenses according to their nature. Payments and expenses permitted by Section 321 (b)(2) of the Federal Election Campaign Act, as amended by Public Law 94-283 in 1976 (2 U.S.C. §441(b)(2)) shall be separately classified.

Description Amount

Board of director's fees and expenses     $ 318  
Company association dues    351  
Investor relations and communications    663  
Other    240  

     TOTAL   $ 1,572  

32

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Rents - Account 931
(In Thousands)

Instructions:

Provide a listing of the amount included in Account 931, “Rents,” classifying such expenses by major groupings of property, as defined in the account definition of the Uniform System of Accounts.

Type of Property Amount

General office equipment     $ 1,717  
Computer equipment    602  

      TOTAL   $ 2,319  

33

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Taxes Other Than Income Taxes - Account 408
(In Thousands)

Instructions:

Provide an analysis of Account 408, “Taxes Other Than Income Taxes.” Separate the analysis into two groups: (1) other than U. S. Government taxes, and (2) U.S. Government taxes. Specify each of the various kinds of taxes and show the amounts thereof. Provide a subtotal for each class of tax.

Kinds of Tax Amount

Other than U. S. Government         
   Miscellaneous occupational taxes   $ 39  
   State unemployment taxes    2  

     SUB-TOTAL    41  

         
U. S. Government       
   F.I.C.A taxes    1,408  
   Federal unemployment    1  

      SUB-TOTAL    1,409  

      TOTAL   $ 1,450  

34

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Donations - Account 426.1
(In Thousands)

Instructions:

Provide a listing of the amount included in Account 426.1, “Donations,” classifying the expenses by its purpose. The aggregate number and amount of all items of less that $3,000 may be shown in lieu of details.

Name of Recipient Purpose of Donation Amount

Highwoods Realty Limited Partnership     Community support     $ 100  
Greater Kansas City Community Foundation   Community support    50  
Mid America Assistance Coalition   Community support    20  
Kansas City Public Television   Community support    5  
Kansas City Neighborhood Alliance   Community support    4  
Other community support (4)   Community support    4  
Other-payroll   Community support    73  
            
Overland Park Convention Center   United Way    4  
Other United Way (3)   United Way    3  
            
Spencer, Fane, Britt & Browne   Low income support    4  
            
Central School Fund   Educational support    5  
Metropolitan Alliance for Adult Learning   Educational support    5  
Shawnee Indian Mission   Educational support    5  
Other education support (4)   Educational support    3  
            
Other-Youth support (4)   Youth support    4  

     TOTAL       $ 289  

35

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Other Deductions - Account 426.5
(In Thousands)

Instructions:

Provide a listing of the amount included in Account 426.5, “Other Deductions,” classifying such expenses according to their nature.

Description Name of Payee Amount

Miscellaneous community activities and dues          Various     $ 32  

        TOTAL       $ 32  

36

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Schedule XVIII – Notes to Statement of Income

Instructions:

The space below is provided for important notes regarding the statement of income or any account thereof. Furnish particulars as to any significant increases in services rendered or expenses incurred during the year. Notes relating to financial statements shown elsewhere in this report may be indicated here by reference.

See Schedule XIV — Notes to Financial Statements

37

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

Organizational Chart

December 31, 2003

Great Plains Energy Incorporated*

          President and Chief Executive Officer – William H. Downey

                     Executive Vice President – Corporate And Shared Services and Corporate Secretary – Jeanie S. Latz

                     Senior Vice President – Finance, Chief Financial Officer and Treasurer – Andrea F. Bielsker

                     General Counsel – William G. Riggins

                     Vice President – Public Affairs – Brenda Nolte

                     Vice President – Human Resources – Andrew B. Stroud, Jr. (1)

                     Controller – Lori A. Wright

* GPES is a statutory closed corporation without a board of directors.

(1) Mr. Stroud left the company in February 2004.

38

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2003

Methods of Allocation

Construction Work in Progress and Other Balance Sheet Expenditures-All costs incurred by GPES for the benefit of client companies and charged to a construction, undistributed stores expense or clearing account, must be billed to the client company. These costs are billed to the client companies based on the project ID. For example, a charge to a construction work in progress account with a project belonging to the power division will be billed to KCP&L Power Division.

Revenues and Expenses-Revenues and expenses are classified into the following four basic groups for allocation purposes — divisional overheads, service company support, direct billings and indirect billings.

1.  

Divisional Overheads-These are the miscellaneous costs incurred to provide the infrastructure support to various departments within GPES. These costs include such things as occupancy costs such as building lease costs or depreciation, and general departmental costs such as office supplies used to support GPES. These charges are allocated over the current period direct labor charges of the services provided. For example, the overhead costs of the accounting division are allocated over the direct labor that is charged by accounting personnel to service company support, direct billings and indirect billings.


2.  

Service Company Support-These are costs incurred by GPES to support its own operations. For example, payroll service for GPES personnel are allocated over the current period direct labor charges for direct billings.


3.  

Direct Billings-These are costs incurred by GPES to provide specific services to a specific client company and include the divisional overheads and service company support allocated from above. These costs are billed to the client company based on the owner of the project charged.


4.  

Indirect Billings-These are cost incurred by GPES to provide specific services such as payroll where multiple client companies benefit. These costs will be billed to client companies based on predefined indirect allocation factors. For example, the cost to provide payroll services to a client will be billed based on headcount. The indirect factors are listed below.


Indirect Billing Factors:

Head Count Ratio

  A ratio where the numerator is the headcount of a client and the denominator is the headcount of all clients. These ratios are revised quarterly, based on figures as of March 31, June 30, September 30 and December 31.

Purchase Order Ratio

  A ratio where the numerator is the number of purchase order lines (of selected PO types) created for the client and the denominator is the total combined number of purchase order lines created for all clients. These ratios are developed monthly, using the current month data.

Invoice Ratio

  A ratio where the numerator is the number of voucher lines (of selected types of vouchers) entered for the client and the denominator is the total combined number of voucher lines entered for all clients. These ratios are developed monthly, using the current month data.

39

Square Footage Ratio

  A ratio where the numerator is the actual square footage of a client and the denominator is the total square footage of the shared facility. The ratio is revised as necessary.

PC Ratio

  A ratio where the numerator is the number of personal computers assigned to a client and the denominator is the total number of personal computers assigned to all clients. These ratios are revised quarterly, based on figures as of March 31, June 30, September 30 and December 31.

Total Billing Ratio

  A ratio where the numerator is the actual expense charged to a client by the Service Company and the denominator is the total actual expenses charged to all clients by the Service Company. This ratio is revised monthly based upon prior month data.

Capitalization Ratio

  A ratio where the numerator is the total capitalization (total common stockholder’s equity, preferred stock, and long-term debt) of the Service Company or client, and the denominator is the total combined capitalization (total common stockholder’s equity, preferred stock, and long-term debt) of the Service Company and clients. This ratio is revised quarterly based upon figures as of March 31, June 30, September 30 and December 31.

40

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

Annual Statement of Compensation for Use of Capital Billed

Not Applicable

Great Plains Energy Services does not bill its associate client companies for compensation of equity capital.

41

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

Signature Clause

Pursuant to the requirements of the Public Utility Holding Company Act of 1935 and the rules and regulations of the Securities and Exchange Commission issued thereunder, the undersigned company has duly caused this report to be signed on its behalf by the undersigned officer thereunto duly authorized.

    Great Plains Energy Services Incorporated  
   (Name of Reporting Company) 
  
   Lori A. Wright, Controller 
   (Printed Name and Title of Signing Officer) 

By:  /s/ Lori A. Wright
Date:  April 29, 2004

42