UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM U-13-60

ANNUAL REPORT

FOR THE PERIOD

Beginning January 1, 2004 and Ending December 31, 2004

TO THE

U.S. SECURITIES AND EXCHANGE COMMISSION

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.

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 thirteen and one-half (13.5) 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.

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

Accumulated Provision for Depreciation and

Amortization of Service Company Property

Schedule III

Investments

Schedule IV

Accounts Receivable from Associate Companies

Schedule V

Fuel Stock Expense Undistributed

Schedule VI

Stores Expense Undistributed

Schedule VII

Miscellaneous Current and Accrued Assets

Schedule VIII

Miscellaneous Deferred Debits

Schedule IX

Research, Development or Demonstration Expenditures

Schedule X

Proprietary Capital

Schedule XI

Long-Term Debt

Schedule XII

Current and Accrued Liabilities

Schedule XIII

Notes to Financial Statements

Schedule XIV

18-20

Comparative Income Statement

Schedule XV

21-22

Analysis of Billing - Associate Companies

Account 457

Analysis of Billing - Nonassociate Companies

Account 458

Analysis of Charges for Service - Associate and

Nonassociate Companies

Schedule XVI

Schedule of Expense by Department or

Service Function

Schedule XVII

Departmental Analysis of Salaries

Account 920

Outside Services Employed

Account 923

28-29

Employee Pensions and Benefits

Account 926

General Advertising Expenses

Account 930.1

Miscellaneous General Expenses

Account 930.2

Rents

Account 931

Taxes Other Than Income Taxes

Account 408

Donations

Account 426.1

Other Deductions

Account 426.5

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

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

			2004			2003
		Service Company Property
	101	Service company property (Schedule II)	$	1,634		$	-
	107	Construction work in progress (Schedule II)		1,342			203

		Total Property		2,976			203

	108	Less accumulated provision for depreciation and amortization of
		service company property (Schedule III)		(13	)		-

		Net Service Company Property		2,963			203

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

		Total Investments		-			-

		Current and Accrued Assets
	131	Cash		(1,206	)		(200	)
	134	Special deposits		-			-
	135	Working funds		-			-
	136	Temporary cash investments (Schedule IV)		1,206			200
	141	Notes receivable		-			-
	143	Accounts receivable		209			181
	144	Accumulated provision for uncollectible accounts		-			-
	146	Accounts receivable from associate companies (Schedule V)		10,913			12,737
	152	Fuel stock expenses undistributed (Schedule VI)		-			-
	154	Materials and supplies		-			-
	163	Stores expense undistributed (Schedule VII)		-			-
	165	Prepayments		196			370
	174	Miscellaneous current and accrued assets (Schedule VIII)		-			-

		Total Current and Accrued Assets		11,318			13,288

		Deferred Debits
	181	Unamortized debt expense		-			-
	184	Clearing accounts		35			-
	186	Miscellaneous deferred debits (Schedule IX)		4,812			2,669
	188	Research, development, or demonstration expenditures (Schedule X)		-			-
	190	Accumulated deferred income taxes		-			-

		Total Deferred Debits		4,847			2,669


		TOTAL ASSETS AND OTHER DEBITS	$	19,128		$	16,160

6
Account		Liabilities and Proprietary Capital	As of December 31

			2004			2003
		Proprietary Capital
	201	Common stock issued (Schedule XI)	$	10		$	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)		(2,088	)		(1,884	)

		Total Proprietary Capital		(2,078	)		(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		39			163
	228.3	Accumulated provision for pensions and post retirement benefits		5,314			5,054

		Total Other Noncurrent Liabilities		5,353			5,217

		Current and Accrued Liabilities
	231	Notes payable		-			-
	232	Accounts payable		9,863			12,075
	233	Notes payable to associate companies (Schedule XIII)		-			-
	234	Account payable to associate companies (Schedule XIII)		6,732			308
	236	Taxes accrued		(1,752	)		(173	)
	237	Interest accrued		-			-
	238	Dividends declared		-			-
	241	Tax collections payable		339			375
	242	Miscellaneous current and accrued liabilities (Schedule XIII)		1,892			1,773

		Total Current and Accrued Liabilities		17,074			14,358

		Deferred Credits
	253	Other deferred credits		421			235
	255	Accumulated deferred investment tax credits		-			-

		Total Deferred Credits		421			235

		Accumulated Deferred Income Taxes
	282	Accumulated deferred income taxes - other property		-			-
	283	Accumulated deferred income taxes - other		(1,642	)		(1,776	)

		Total Accumulated Deferred Income Taxes		(1,642	)		(1,776	)


		TOTAL LIABILITIES AND PROPRIETARY CAPITAL	$	19,128		$	16,160

7

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 Schedule II - Service Company Property (In Thousands)
Description			Balance at Beginning of Year		Additions		Retirement or Sales		Other Changes (1)		Balance at Close 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		-		1,613		-		-		1,613
	309	Automobiles, other vehicles and
		related garage equipment		-		21		-		-		21
	310	Aircraft and airport equipment		-		-		-		-		-
	311	Other service company property (3)		-		-		-		-		-

		SUB-TOTAL		-		1,634		-		-		1,634
	107	Construction work in progress (4)		203		1,139		-		-		1,342

		TOTAL	$	203	$	2,773	$	-	$	-	$	2,976

		(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: Computer equipment and software

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 Schedule III - Accumulated Provision for Depreciation and Amortization of Service Company Property (In Thousands)
Description			Balance at Beginning of Year		Additions Charged to Account 403			Retirements		Other Changes Add (Deduct)(1)		Balance at Close 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 equipment		-		(12	)		-		-		(12	)
	309	Automobiles, other vehicles
		and related garage equipment		-		(1	)		-		-		(1	)
	310	Aircraft and airport equipment		-		-			-		-		-
	311	Other service company property		-		-			-		-		-

		TOTAL	$	-	$	(13	)	$	-	$	-	$	(13	)

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

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 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.
Description			Balance at Beginning of Year		Balance at Close of Year

Account
	123	Investment in associate companies	$	-	$	-
	124	Other investments		-		-
	136	Temporary cash investments
		AIM Government & Agency Portfolio		200		1,206

		TOTAL	$	200	$	1,206

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 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.
Description	Balance at Beginning of Year		Balance at Close of Year

Account
146 Accounts Receivable from Associate Companies
Great Plains Energy Incorporated	$	778	$	(13	)
Great Plains Power Incorporated		118		178
Home Service Solutions Inc.		560		105
Innovative Energy Consultants Inc.		19		99
Kansas City Power & Light Company		10,328		9,031
KLT Inc. (including Strategic Energy, L.L.C.)		873		1,437
Worry Free Service, Inc.		61		76

TOTAL	$	12,737	$	10,913

Analysis of Convenience or Accommodation Payments:
	Total Payments (1)

Kansas City Power & Light Company	$	3,679

	$	3,679

(1) Convenience payments relate to security and facilities maintenance.

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 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, 2004 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	Stores expense undistributed	$	-	$	-	$	-

	TOTAL	$	-	$	-	$	-

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 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.
Description		Balance at Beginning of Year		Balance at Close of Year

Account 174	Miscellaneous current and accrued assets	$	-	$	-

	TOTAL	$	-	$	-

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 Schedule IX - Miscellaneous Deferred Debits (In Thousands)
Instructions: Provide detail of items in this account. Items less than $10,000 may be grouped by class by showing the number of items in each group.
Description	Balance at Beginning of Year		Balance at Close of Year

Account 186 Miscellaneous deferred debits
Prepaid pension costs	$	1,255	$	3,354
Prepaid supplemental executive retirement program		104		-
Prepaid postretirement health		429		434
Intangible pension asset		881		1,024

TOTAL	$	2,669	$	4,812

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 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	$	-

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 Schedule XI - Proprietary Capital (In Thousands)
			Number of		Par or Stated		Outstanding Close of Period

Account Number		Class of Stock	Shares Authorized		Value Per Share		No. of Shares		Total 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
useof capital owed or net loss remaining from servicing nonassociates per the General Instructions of the
Uniform System of Accounts. For dividends paid during the year in cash or otherwise, provide rate percentages,
amount of dividend, date declared and date paid.

Description

Balance at
Beginning of Year

Net Income
or (Loss)

Dividends
Paid

Balance at
Close of Year

Account 216

Unappropriated retained earnings

TOTAL

Description	Balance at Beginning of Year			Balance at Close of Year

Account 219 Accumulated other comprehensive
income (loss) (1)	$	(1,884	)	$	(2,088	)

	$	(1,884	)	$	(2,088	)

(1) Relates to a minimum pension liability adjustment of $4.4 million which was partially offset by a charge to accumulated other comprehensive income (loss) of ($3.4 million) or ($2.1 million) net of tax.

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 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.
Name of Creditor	Terms of Obligation Class & Series of Obligation	Date of Maturity	Interest Rate	Amount Authorized	Balance at Beginning of Year		Additions		Deductions(1)		Balance at Close of Year

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

TOTAL					$	-	$	-	$	-	$	-

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

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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	$	6,729
	KLT Inc.		-		3

	TOTAL	$	308	$	6,732

Account 242	Miscellaneous current and accrued liabilities
	Accrued vacation	$	1,772	$	1,648
	Deferred compensation		1		244

	TOTAL	$	1,773	$	1,892

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2004

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, as amended (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.

Property and Depreciation

Property consists primarily of computer equipment and is recorded at historical cost. Depreciation is recorded on a straight-line method over the estimated economic life of the related asset.

Income Taxes

GPE and its subsidiaries file consolidated federal and 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, 2004, GPES had one share of common stock outstanding.

Note 3 – Related Party Transactions

GPES has entered into service agreements with GPE and its subsidiaries to provide services at cost. At December 31, 2004, GPES’ associates include:

•	Great Plains Energy Incorporated
•	Kansas City Power & Light Company
•	Home Service Solutions Inc.
•	Worry Free Service, Inc. (Sold in February 2005)
•	Innovative Energy Consultants Inc.
•	Great Plains Power Incorporated
•	KLT Inc. (Including Strategic Energy, L.L.C.)

At December 31, 2004 and 2003, associate company receivables were $10.9 million and $12.7 million, respectively, and associate company payables were $6.7 million and $0.3 million, respectively. The increase in associate company payables is primarily due to borrowings related to the funding of GPES benefit plans that will be billed when expensed.

GPES has an agreement with Kansas City Power & Light (KCP&L), whereby KCP&L provides GPES with certain facility services to be used for internal administrative and general purposes. The services include use of office space, office equipment and furniture, vehicles and software. Charges for the services were $5.7 million and $4.9 million for 2004 and 2003, respectively.

Note 4 – Pension Plans and Other Employee Benefits

GPE’s defined benefit pension plans cover substantially all employees of GPES, 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 GPES based on the labor costs of the plan participants. GPES’ share of pension costs for 2004 and 2003 were $5.5 million and $2.0 million, respectively, and GPES' share of contributions in 2004 and 2003 were $6.3 million and $1.9 million, respectively.

The key assumptions used in developing pension expense for 2004 were a 6.0% discount rate, a 9.0% expected return on plan assets and a 3.3% compensation rate increase. Prior year assumptions varied slightly with a 6.75% discount rate and a 4.1% compensation rate increase while the expected return on plan assets remained unchanged.

Primarily as a result of lower discount rates and historical losses in the market value of plan assets, GPES recorded an additional minimum pension liability offset by an intangible asset and OCI. The additional minimum pension liability is allocated based on each plan’s funded status. The amounts recognized on GPES’ balance sheet related to the minimum pension liability are detailed in the following table.


	2004	2003
	(In Millions)
Additional minimum pension liability	$4.4	$4.0
Intangible asset	1.0	0.9
Deferred taxes	1.3	1.2
OCI, net of tax	2.1	1.9

In addition to providing pension benefits, GPE 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 GPES based on the number of plan participants. GPES’ share of postretirement expenses in 2004 and 2003 was approximately $1.6 million and $1.3 million, respectively.

Note 5 – Equity Compensation

GPE provides a Long-Term Incentive Plan to officers and other employees of GPES. The Long-Term Incentive Plan permits the grant of restricted stock, stock options, limited stock appreciation rights and performance shares. Under this plan, GPES recognized compensation expense of $0.7 million and $1.5 million for 2004 and 2003, respectively.

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
Schedule XV - Statement of Income
(In Thousands)
			Current		Prior
Account		Description	Year		Year (1)

		Income
	457	Services rendered to associate companies	$	77,588	$	53,983
	458	Services rendered to nonassociate companies		-		-

		TOTAL INCOME		77,588		53,983

		Expense
	506	Miscellaneous steam power operations		1,287		1,053
	507	Steam power operations-rents		115		232
	546	Production turbine operations		10		16
	557	Production other expenses		595		399
	560	Transmission operations supervision & engineering		1		-
	566	Transmission operations miscellaneous expense		77		77
	567	Transmission operations-rents		283		229
	580	Distribution operations		1		1
	583	Distribution operations-overhead lines		-		10
	586	Distribution operations-meter expenses		1		-
	587	Distribution operations-customer installations		6		4
	588	Distribution maintenance miscellaneous expense		1,734		1,206
	589	Distribution operations-rents		621		752
	591	Distribution maintenance-structures		241		175
	598	Distribution maintenance-miscellaneous		12		-
	901	Customer accounts-supervision		36		27
	902	Meter reading expense		45		50
	903	Customer records and collection expense		1,303		1,343
	908	Customer assistance expense		69		47
	912	Sales expense		2		3
	920	Salaries and wages		25,187		18,635
	921	Office supplies and expenses		5,686		3,454
	922	Administrative expense transferred - credit		5,682		4,933
	923	Outside services employed		10,766		3,307
	924	Property insurance		51		-
	925	Injuries and damages		1,310		812
	926	Employee pensions and benefits		12,195		8,845
	928	Regulatory commission expense		93		59
	930.1	General advertising expense		216		238
	930.2	Miscellaneous general expense		2,497		1,572
	931	Rents		2,354		2,319
	932	Maintenance of structures and equipment		1,879		1,634
	933	Transportation expense		53		52
	403	Depreciation and amortization expense		12		-

408	Taxes other than income taxes		2,122			1,450
409	Income taxes		(231	)		(166	)
410	Provision for deferred income taxes		-			-
411	Provision for deferred income taxes - credit		231			166
411.5	Investment tax credit		-			-
417.1	Nonutility operations		101			118
419	Interest and dividend income		(24	)		(7	)
426.1	Donations		223			289
426.3	Penalties		1			-
426.4	Civic and political lobbying		634			596
426.5	Other deductions		34			32
427	Interest on long-term debt		-			-
430	Interest on debt to associate companies		44			14
431	Other interest expense		33			7

	TOTAL EXPENSE		77,588			53,983

	NET INCOME OR (LOSS)	$	-		$	-

	(1) Prior year information reflects results beginning April 2003 when Great Plains Energy Services Inc. was formed.

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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	$	38,241	$	23,609	$	-	$	61,850
Home Service Solutions Inc.		200		281		-		481
Worry Free Service, Inc.		157		236		-		393
Innovative Energy Consultants Inc.		249		47		-		296
Great Plains Power Incorporated		299		646		-		945
Great Plains Energy Incorporated		5,556		1,959		-		7,515
KLT Inc.(including Strategic Energy, L.L.C.)		3,666		2,442		-		6,108

TOTAL	$	48,368	$	29,220	$	-	$	77,588

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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	$	1,287		$	-	$	1,287		$	-	$	-	$	-	$	1,287		$	-	$	1,287
507	Steam power operations-rents		115			-		115			-		-		-		115			-		115
546	Production turbine operations		10			-		10			-		-		-		10			-		10
557	Production other expenses		595			-		595			-		-		-		595			-		595
560	Transmission operations supervision & engnr.		1			-		1			-		-		-		1			-		1
566	Transmission operations misc. expense		77			-		77			-		-		-		77			-		77
567	Transmission operations-rents		283			-		283			-		-		-		283			-		283
580	Distribution operations		1			-		1			-		-		-		1			-		1
586	Distribution operations-meter expenses		1			-		1			-		-		-		1			-		1
587	Distribution operations-customer installation		6			-		6					-		-		6			-		6
588	Distribution maintenance miscellaneous exp		1,734			-		1,734					-		-		1,734			-		1,734
589	Distribution operations-rents		621			-		621			-		-		-		621			-		621
591	Distribution maintenance-structures		241			-		241			-		-		-		241			-		241
598	Distribution maintenance-miscellaneous		12			-		12			-		-		-		12			-		12
901	Customer accounts-supervision		36			-		36			-		-		-		36			-		36
902	Meter reading expense		45			-		45			-		-		-		45			-		45
903	Customer records and collection expense		1,303			-		1,303			-		-		-		1,303			-		1,303
908	Customer assistence expense		69			-		69			-		-		-		69			-		69
912	Sales expense		2			-		2			-		-		-		2			-		2
920	Salaries & wages		12,651			12,536		25,187			-		-		-		12,651			12,536		25,187
921	Office supplies & expenses		2,131			3,555		5,686			-		-		-		2,131			3,555		5,686
922	Administrative exp transferred-credit		1,508			4,174		5,682			-		-		-		1,508			4,174		5,682
923	Outside services employed		10,033			733		10,766			-		-		-		10,033			733		10,766
924	Property insurance		50			1		51			-		-		-		50			1		51
925	Injuries and damages		1,174			136		1,310			-		-		-		1,174			136		1,310
926	Employee pensions & benefits		9,157			3,038		12,195			-		-		-		9,157			3,038		12,195
928	Regulatory commission expense		93			-		93			-		-		-		93			-		93
930.1	General advertising expenses		194			22		216			-		-		-		194			22		216
930.2	Miscellaneous general expenses		1,951			546		2,497			-		-		-		1,951			546		2,497
931	Rents		530			1,824		2,354			-		-		-		530			1,824		2,354
932	Maintenance of structures and equipment		1,389			490		1,879			-		-		-		1,389			490		1,879
933	Transportation expense		27			26		53			-		-		-		27			26		53
403	Depreciation & amortization expense		-			12		12			-		-		-		-			12		12
408	Taxes other than income tax		127			1,995		2,122			-		-		-		127			1,995		2,122
409	Income tax		(231	)		-		(231	)		-		-		-		(231	)		-		(231	)
410	Provision for deferred income tax		-			-		-			-		-		-		-			-		-
411	Provison for deferred income taxes-credit		231			-		231			-		-		-		231			-		231
411.5	Investment tax credit		-			-		-			-		-		-		-			-		-
417.1	Nonutility operations		100			1		101			-		-		-		100			1		101
419	Interest and dividend income		(24	)		-		(24	)		-		-		-		(24	)		-		(24	)
426.1	Donations		208			15		223			-		-		-		208			15		223
426.3	Penalties		-			1		1			-		-		-		-			1		1
426.4	Civic and political lobbying		602			32		634			-		-		-		602			32		634
426.5	Other deductions		28			6		34			-		-		-		28			6		34
427	Interest on long-term debt		-			-		-			-		-		-		-			-		-
430	Interest on debt to associated companies		-			44		44			-		-		-		-			44		44
431	Other interest expense		-			33		33			-		-		-		-			33		33

	TOTAL EXPENSE		48,368			29,220		77,588			-		-		-		48,368			29,220		77,588
	Compensation for Use of Equity Capital
430	Interest on debt to associate companies		-			-		-			-		-		-		-			-		-

	TOTAL COST OF SERVICE	$	48,368		$	29,220	$	77,588		$	-	$	-	$	-	$	48,368		$	29,220	$	77,588

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
Schedule XVII - Schedule of Expense Distribution by Department or Service Function
(In Thousands)
Instructions:
Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
						Administration		Corp Secretary
Account		Description of Items	Total			and		and		Legal		Human		Public							Information			Client
			Amount			Development		Compliance		Services		Resources		Affairs		Finance			Accounting		Technology			Services		General

	506	Miscellaneous steam power operations	$	1,287		$	-	$	1,223	$	-	$	-	$	-	$	-		$	-	$	57		$	-	$	7
	507	Steam power operations-rents		115			-		-		-		-		-		-			-		115			-		-
	546	Production turbine operations		10			9		-		-		-		-		-			-		-			-		1
	557	Production other expenses		595			290		7		-		5		-		-			-		215			-		78
	560	Transmission operations supervision & engnr.		1			-		-		-		-		-		-			-		1			-		-
	566	Transmission operations miscellaneous expense		77			23		-		4		-		-		-			-		39			2		9
	567	Transmission operations-rents		283			-		-		-		-		-		-			-		283			-		-
	580	Distribution operations		1			-		-		-		-		-		-			-		-			-		1
	583	Distribution operations-overhead lines -		-			-		-		-		-		-		-			-		-			-		-
	586	Distribution operations-meter expense		1			-		-		-		-		-		-			-		1			-		-
	587	Distribution operations-customer installations		6			-		-		-		-		-		-			-		6			-		-
	588	Distribution maintenance miscellaneous expense		1,734			50		682		17		10		-		-			2		800			62		111
	589	Distribution operations-rents		621			-		-		-		-		-		-			-		621			-		-
	591	Distribution maintenance-structures		241			-		-		-		-		-		-			-		-			234		7
	598	Distribution maintenance-miscellaneous		12			-		-		-		-		-		-			-		12			-		-
	901	Customer accounts-supervision		36			-		-		-		-		-		-			28		3			-		5
	902	Meter reading expense		45			-		-		-		-		-		-			-		38			-		7
	903	Customer records and collection expense		1,303			-		-		31		-		-		83			71		974			-		144
	908	Customer assistance expense		69			-		-		-		68		-		-			-		-			-		1
	912	Sales expense		2			-		-		2		-		-		-			-		-			-		-
	920	Salaries and wages		25,187			2,893		1,687		948		1,524		685		1,485			2,986		4,715			769		7,495
	921	Office supplies and expenses		5,686			820		669		159		1,022		79		(105	)		255		1,084			823		880
	922	Administrative expense transferred - credit		5,682			-		-		-		-		-		-			-		-			3,323		2,359
	923	Outside services employed		10,766			5,461		1,130		68		469		29		155			272		270			50		2,862
	924	Property insurance		51			-		-		-		-		-		-			-		-			-		51
	925	Injuries and damages		1,310			-		-		3		372		-		-			-		-			-		935
	926	Employee pensions and benefits		12,195			19		-		9		633		14		-			2		(4	)		-		11,522
	928	Regulatory commission expense		93			-		-		82		-		-		-			-		-			-		11
	930.1	General advertising expense		216			8		1		-		-		174		6			-		2			-		25
	930.2	Miscellaneous general expense		2,497			465		997		4		61		116		570			196		14			1		73
	931	Rents		2,354			36		156		16		36		28		52			69		1,673			288		-
	932	Maintenance and structures of equipment		1,879			-		-		-		-		-		-			9		73			1,749		48
	933	Transportation expense		53			15		1		1		2		14		-			7		17			1		(5	)
	403	Depreciation and amortization expense		12			-		-		-		-		-		-			-		-			-		12
	408	Taxes other than income taxes		2,122			-		-		-		-		-		-			-		-			-		2,122
	409	Income taxes		(231	)		-		-		-		-		-		-			-		-			-		(231	)
	410	Provision for deferred income taxes		-			-		-		-		-		-		-			-		-			-		-
	411	Provision for deferred income taxes - credit		231			-		-		-		-		-		-			-		-			-		231
	411.5	Investment tax credit		-			-		-		-		-		-		-			-		-			-		-
	417.1	Nonutility operations		101			57		22		1		-		-		-			15		-			-		6
	419	Interest and dividend income		(24	)		-		-		-		-		-		-			-		-			-		(24	)
	426.1	Donations		223			2		5		12		-		187		-			5		1			-		11
	426.3	Penalties		1			-		-		-		-		-		-			-		-			-		1
	426.4	Civic and political lobbying		634			-		1		3		-		577		-			2		-			-		51
	426.5	Other deductions		34			3		-		1		-		24		2			-		-			-		4
	427	Interest on long-term debt		-			-		-		-		-		-		-			-		-			-		-
	430	Interest on debt to associate companies		44			-		-		-		-		-		-			-		-			-		44
	431	Other interest expense		33			-		-		-		-		-		-			-		-			-		33


		TOTAL EXPENSES	$	77,588		$	10,151	$	6,581	$	1,361	$	4,202	$	1,927	$	2,248		$	3,919	$	11,010		$	7,302	$	28,887

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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)

Administration & Corporate Development	$	2,893	$	145	$	2,748	$	-		30
Corporate secretary & compliance		1,687		712		975		-		26
Legal services		948		105		843		-		14
Human resources		1,524		2		1,522		-		31
Public affairs		685		175		510		-		19
Finance		1,485		358		1,127		-		23
Accounting		2,987		175		2,812		-		63
Information Systems		4,714		66		4,648		-		130
Client Services		769		3		766		-		26
General (2)		7,495		381		7,114		-		-

TOTAL	$	25,187	$	2,122	$	23,065	$	-		362

(1) Not rounded to thousands
(2) Includes payroll taxes, deferred compensation and incentive bonuses.

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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-Barton Security			NA	$	595

SUB-TOTAL					595

Outside Service - Auditing, Tax & Consulting
Deloitte & Touche LLP			NA		1,157
Other (2)			NA		12

SUB-TOTAL					1,169

Outside Service - Financial
ADP Investor Communication Services			NA		101
Business Wire			NA		29
Mercer Capital			NA		34
Other (6)			NA		16

SUB-TOTAL					180

Outside Service - Risk Management
Morrow Management Services, L.L.C			NA		168

SUB-TOTAL					168

Outside Service - Information Technology
BV Solutions			NA		122
Insei, Inc.			NA		162
Meta Group, Inc.			NA		40
Meta Security Group			NA		25
Modis			NA		51
Pintlar Technologies, LLC			NA		174
Other - Computer (12)			NA		102

SUB-TOTAL					676


Outside Service - Legal
Spencer, Fane, Britt & Browne	NA		149
Morgan, Lewis & Bockius LLP	NA		59
Skadden, Arps, Slate, Meagher	NA		177
Armstrong Teasdale	NA		27
Other - Legal (13)	NA		101

SUB-TOTAL			513

Outside Service - Consulting
Bridge Strategy Group	NA		3,999
Resources Connections	NA		1,478
Willamette Mgmt Associates	NA		33
Other Consulting (2)	NA		22

SUB-TOTAL			5,532

Outside Service - Human Resources
Dale Carnegie	NA		335
Gallagher Benefit Services, Inc.	NA		30
J. Howard & Associates, Inc.	NA		33
Kelly Services, Inc.	NA		96
Marshall & Iisley Trust Co.	NA		36
Mercer Human Resource Consulting	NA		65
Ned Tannebaum & Partners	NA		225
Spencer Stuart	NA		603
Strategic Talent Solutions	NA		219
Towers Perrin	NA		69
Other - Human Resources (25)	NA		184

SUB-TOTAL			1,895

Outside Services - Facility Services
P&S Janitorial Specialists	NA		26
Other - Facility Services (8)	NA		12

SUB-TOTAL			38

TOTAL		$	10,766

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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	$	118
Employee assistance		55
Dental insurance		221
Medical		3,361
Life and accident insurance		34
Long-term disability insurance		145
Other post retirement benefits		1,617
Pension plan		5,461
Savings investment plan		938
Severance pay		491
Transfer to construction		(434	)
Other		188

TOTAL	$	12,195

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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
and community relations.		Business Wire	$	7
		Xpedx		8
		Payroll & other (14)		201

TOTAL			$	216

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004 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	$	754
Company association dues		63
Investor relations and communications		981
Miscellaneous bond expenses		271
Other		428

TOTAL	$	2,497

Note: PAC charges were $29,000 and are included in account 426.4 on the Comparative Income Statement

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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

Computer equipment	$	1,439
Data processing equipment		553
General office equipment		317
Telecommunications equipment		45

TOTAL	$	2,354

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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	$	63
State taxes		26

SUB-TOTAL	$	89

U. S. Government
F.I.C.A taxes	$	2,009
Federal unemployment		24

SUB-TOTAL		2,033

TOTAL	$	2,122

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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 Properties		Sponsorship of Plaza Lighting	$	105
KMBC Channel 9		Sponsorship of Plaza Lighting		20
Other invoices (10) and payroll		Community support		98

TOTAL			$	223

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED
For the Year Ended December 31, 2004
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	$	34

TOTAL			$	34

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2004

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 starting on page 18.

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

Organizational Chart

December 31, 2004

Great Plains Energy Services Incorporated*

President and Chief Executive Officer – Michael J. Chesser

Executive Vice President – Corporate and Shared Services and Corporate Secretary – Jeanie S. Latz (a)

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

General Counsel – William G. Riggins

Vice President – Public Affairs – Brenda Nolte (a)

Controller – Lori A. Wright

Assistant Treasurer – Michael W. Cline

Assistant Secretary – Mark G. English

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

(a) Resigned in 2005.

ANNUAL REPORT OF GREAT PLAINS ENERGY SERVICES INCORPORATED

For the Year Ended December 31, 2004

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 the 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 occupancy costs such as building lease costs 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. Service Company support costs benefit GPES whereas divisional overheads support one specific division within GPES. 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 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.

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.

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 associate client companies for compensation of equity capital.

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 26, 2005