Kase and Company, Inc. Is Awarded the Energy Risk Management Contract from Kansas City Power and Light

ALBUQUERQUE, New Mexico, March 1, 2001 -- Kase and Company, Inc., a full service energy risk management and trading advisory firm announced today that it had been awarded a comprehensive natural gas and oil risk management contract by Kansas City Power and Light. In addition to reviewing KCPL’s existing policies, Kase will guide the regulated utility through a risk assessment process and develop strategies for 2001 and 2002. Following the implementation of the program, Kase will continue to offer advice on managing their natural gas and oil exposure through the use of Kase’s HedgeModel software and Monte Carlo, VAR simulations.

Cynthia Kase, President of Kase and Company, said “We are pleased that regulated utilities are becoming proactive in the effort to protect against high fuel prices as exhibited by KCPL’s decision to retain Kase. Statistically based programs which have now been proven to be reliable over both bear and bull markets should give utilities the confidence they need to take action based on a logical, systematic approach.”