Morningstar - Great Plains Energy Incorporated (GXP) Executive Order Reviewing Clean Power Plan Has Little Effect on Utilities

Report

Morningstar

Charles Fishman

EUR 98.48 For Business Accounts Only

Executive Order Reviewing Clean Power Plan Has Little Effect on Utilities

We are maintaining our fair value estimates, moat ratings, and moat trend ratings for all utilities we cover after President Donald Trump signed an executive order to review the previous administration's Clean Power Plan. Further efforts by the Environmental Protection Agency will be needed to revoke the current regulation.
During the Trump administration, we expect state renewable portfolio standards, or RPS, will keep U.S. renewable energy growth in line with that achieved during the Obama pre...

28/03/2017 14 EN

Underlying

Great Plains Energy Incorporated

Great Plains Energy is a public utility holding company. The company's wholly owned direct subsidiaries with operations are as follows: Kansas City Power & Light Co., a regulated electric utility that provides electricity to customers primarily in Missouri and Kansas; and KCP&L Greater Missouri Operations Co., a regulated electric utility that provides electricity to customers in Missouri and regulated steam service to certain customers in St. Joseph, MO. The company also wholly owns GPE Transmission Holding Company, LLC (GPETHC), which owns 13.5% of Transource Energy, LLC, and focuses on developing electric transmission projects.

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US3911641005 United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Charles Fishman

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Fundamental Research

Feasibility Study Results in December to be a Catalyst for this Junior

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We are increasing our fair value estimate to $30 from $28 per share after Great Plains Energy reported solid 2018 first-quarter earnings and appears poised to close its merger with Westar Energy on or about June 1. Our higher fair value estimate is driven by our increased confidence that the merger will close under terms not too different from the July 2017 revised merger proposal.Â Synergies from mergers are put forward to justify a deal and many times fall short of expectations. However, with ...

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Executive Order Reviewing Clean Power Plan Has Little Effect on Utilities

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

Great Plains/Westar Merger Expected to Close About June 1; Raising FVE to Reflect Deal Terms

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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