Great Plains Energy will offer $400M in equity, common stock - Kansas City Business Journal:

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Kansas City-based Great Plains Energy (NYSE: GXP) said in a late Monday release that it will offer 5 millio equity unitsat $50 a unit and 10 million commonj shares for about $150 million. The compang said it will grant underwriters the optionn to buy as manyas 750,000 additional equity units and as many as 1.5 millionb shares of additional common stock to cover any Great Plains said the capital contributiojn to its two subsidiaries will be for theid use for general corporate including the repayment of all or part of KCP&L’s outstanding commercial paper, the repayment of all or part of borrowingsx through Greater Missouri Operations’ revolvingv credit facilities and the financinfg of construction expenditures.
Great Plains that lowefr retail and wholesale revenue in its electric utility segment sparkexd a 54 percent decreasein first-quarted earnings, despite a 41 percent jump in overalpl revenue compared with the same period last Great Plains Energy ranks No. 5 on the Kansas City Business Journal ’s list of area public companies.