Table of Contents
Table of Contents 2
List of Tables 7
Company Snapshot 8
Key Information 8
Company Overview 8
SWOT Snapshot 8
Operational Metrics 9
The Empire District Electric Company, Operational Metrics, By Capacity 9
The Empire District Electric Company, Operational Metrics, By Generation 9
The Empire District Electric Company, Operational Metrics, By Customers 9
The Empire District Electric Company, Operational Metrics, By Segmental Information 9
The Empire District Electric Company, Operational Metrics, By Sales 10
The Empire District Electric Company, Wind Farms 11
The Empire District Electric Company, Wind Farms, United States 11
The Empire District Electric Company, Hydro Power Plants 12
The Empire District Electric Company, Hydro Power Plants, United States 12
The Empire District Electric Company, Thermal Power Plants 13
The Empire District Electric Company, Thermal Power Plants, United States 13
Business Description 14
Business Overview 14
Major Products and Services 15
History 16
SWOT Analysis 20
Overview 20
The Empire District Electric Company Strengths 20
Asset Base 20
Synergy with Algonquin Power & Utilities Corp 20
Long-term Power Purchase Agreements 20
The Empire District Electric Company Weaknesses 21
Costlier Energy Sources 21
The Empire District Electric Company Opportunities 21
Prospective Growth in Demand for Electricity: the US 21
Water Services 21
Wind Expansion Initiative 21
The Empire District Electric Company Threats 21
Weather Conditions 21
Transmission and Distribution Network Safety 21
Environmental Laws and Regulations 22
Key Employees 23
Locations And Subsidiaries 24
Head Office 24
Other Locations & Subsidiaries 24
Financial Deals Landscape 25
The Empire District Electric Company, Deals Summary 25
The Empire District Electric Company, Power, Deal Details 26
Debt Offering 26
Empire District Electric Raises USD60 Million in Private Placement of 3.59% Bonds Due 2030 26
Empire District Electric Raises USD60 Million in Private Placement of 4.27% Bonds Due 2044 27
Empire District Electric Completes Private Placement Of 3.73% Bonds Due 2033 For US$30 Million 28
Empire District Electric Completes Private Placement Of 4.32% Bonds Due 2043 For US$120 Million 29
The Empire District Completes Private Placement Of 3.58% Bonds Due 2027 For US$88 Million 30
Acquisition 31
Liberty Utilities Completes Acquisition of Empire District Electric for USD2.3 Billion 31
Recent Developments 34
The Empire District Electric Company – Recent Developments 34
Jun 02, 2017: Empire partners with Branson Landing to offer EV Charging Stations 34
May 03, 2013: EDE To Upgrade Gas Service Lines In West Central Section Of Marceline, Missouri 34
May 17, 2012: Westinghouse And Ameren Missouri Form NexStart SMR Alliance To License And Deploy Westinghouse Small Modular Reactor Technology 35
Nov 19, 2010: Missouri Governor Announces Agreement With Energy Consortium To Seek Permit For Second Nuclear Power Plant At Callaway 35
Oct 27, 2016: The Empire District Electric Company Reports Third Quarter 2016 Earnings; Declares Quarterly Dividend 36
Jul 28, 2016: The Empire District Electric Company Reports Second Quarter 2016 Earnings; Declares Quarterly Dividend 38
Apr 28, 2016: The Empire District Electric Company Reports First Quarter 2016 Earnings; Declares Quarterly Dividend 40
Feb 26, 2016: The Empire District Electric Company Updates 2016 Earnings Guidance to Reflect Transaction Costs 42
Feb 04, 2016: The Empire District Electric Company Declares Quarterly Dividend; Reports 2015 Earnings; Provides 2016 Earnings Guidance 42
Oct 29, 2015: The Empire District Electric Company Reports Third Quarter 2015 Earnings; Declares Quarterly Dividend 44
Jul 30, 2015: The Empire District Electric Company Reports Second Quarter 2015 Earnings; Declares Quarterly Dividend 46
Apr 30, 2015: The Empire District Electric Company Reports First Quarter 2015 Earnings; Declares Quarterly Dividend 47
Apr 30, 2015: EDE Reports 1st Quarter 2015 Earnings and Declares Dividend 49
Feb 04, 2015: The Empire District Electric Company Reports 2014 Earnings; Declares Quarterly Dividend; Provides 2015 Earnings Guidance; Announces New Secretary 49
Jul 31, 2014: The Empire District Electric Company Reports Second Quarter 2014 Earnings; Declares Quarterly Dividend 51
Feb 06, 2014: The Empire District Electric Company Reports 2013 Earnings; Declares Quarterly Dividend; Provides 2014 Earnings Guidance 52
Oct 31, 2013: The Empire District Electric Company Reports Third Quarter 2013 Earnings; Announces Quarterly Dividend Increase; Sees Earnings Per Share at Mid to Upper End of Range 54
Oct 15, 2013: Empire District Electric Schedules Conference Call to Discuss Third Quarter and Twelve Months Ended September 30, 2013 Financial Results 55
Oct 15, 2013: Empire District Electric Schedules Conference Call to Discuss Third Quarter and Twelve Months Ended September 30, 2013 Financial Results 55
Jul 25, 2013: Empire District Electric Company second quarter 2013 earnings report, declaration of dividend 55
Apr 25, 2013: EDE Reports Revenue Of $12.6m In Q1 2013 57
Feb 14, 2013: EDE Reports 2012 Results 58
Oct 25, 2012: EDE Reports Revenue Of $159.2m In Q3 2012 59
Jul 26, 2012: EDE Reports Revenue Of $131.6m In Q2 2012 61
Apr 26, 2012: EDE Reports Revenue Of $137.1m In Q1 2012 62
Feb 02, 2012: EDE Reports Revenue Of $576.9m In 2011 63
Oct 27, 2011: EDE Reports Revenue Of $164.3m In Q3 2011 63
Jul 28, 2011: EDE Reports Revenue Of $129.1m In Q2 2011 64
Apr 28, 2011: EDE Reports Revenue Of $150.7m In Q1 2011 65
Apr 28, 2011: EDE Reports Revenues Of $552.1m In Fiscal Year Ended 2011 65
Oct 28, 2010: EDE Reports Revenues Of $22.98 Million In Q3 2010 66
Jul 29, 2010: EDE Reports Revenues Of $114.48 Million In Q2 2010 66
Apr 29, 2010: EDE Reports Revenues Of $139.89 Million In Q1 2010 67
Apr 23, 2010: EDE Reports Revenues Of $136.01 Million In Q1 2009 67
Feb 04, 2010: EDE Reports Revenues Of $497.16 Million In 2009 67
Oct 22, 2009: EDE Reports Revenues Of $128.05 Million In Q3 2009 68
Jul 23, 2009: EDE Reports Revenues Of $112.23 Million In Q2 2009 68
Feb 05, 2009: EDE Reports Year-End 2008 Results 68
Feb 05, 2009: EDE Declares Quarterly Dividend 69
Oct 23, 2008: EDE Declares Quarterly Dividend 70
Oct 23, 2008: EDE Reports 3Q 2008 Results 70
Jul 24, 2008: EDE Declares Quarterly Dividend 71
Jul 24, 2008: EDE Reports 2Q 2008 Results 71
Apr 24, 2008: EDE Reports 1Q 2008 Results 73
Apr 24, 2008: EDE Declares Quarterly Dividend 74
Jan 31, 2008: EDE Declares Quarterly Dividend 74
Jan 31, 2008: EDE Declares Full Year 2007 Results 74
Oct 25, 2007: EDE Declares Q3 2007 Results 75
Oct 25, 2007: EDE Declares Quarterly Dividend 76
Jul 26, 2007: EDE Declares Q2 2007 Results 76
Jul 26, 2007: EDE Declares Quarterly Dividend 77
Apr 26, 2007: EDE Declares Q1 2007 Results 77
Apr 26, 2007: EDE Declares Quarterly Dividend 78
Feb 01, 2007: EDE Declares Q4 2006 Results 78
Feb 01, 2007: EDE Declares Quarterly Dividend 79
Oct 31, 2017: Empire Plans More Wind Energy; Asbury Coal Plant to Close 79
Sep 28, 2017: PSC Sets Intervention Deadline in Empire District Electric Fuel Adjustment Charge Cases 79
May 18, 2017: Empire District Electric receives MPSC approval to change fuel adjustment charge 79
Apr 26, 2017: Empire District Electric Company to set up two electric vehicle charging stations on Crowder College campus in US 79
Apr 04, 2017: Empire District Electric files request with MPSC for fuel adjustment charge cases 80
Jan 12, 2017: The Empire District Electric Company: Longtime Empire CEO announces retirement 80
Nov 18, 2016: Empire District receives Missouri Public Service Commission approval for fuel adjustment charge 80
Oct 04, 2016: PSC Sets Intervention Deadline in Empire District Electric FAC Cases 80
Sep 28, 2016: The Empire District Electric Company Announces Retirement of Marsha Wallace 80
Sep 21, 2016: The Empire District Electric Company announces new electric vehicle charging station in Ozark 80
Sep 16, 2016: The Empire District Electric Company Files for New Kansas Electric Rates 81
Aug 12, 2016: PSC Approves Agreement Reached in Empire Rate Case 81
Aug 01, 2016: The Empire District Electric Company Uses Infrared Technology for Annual Transmission Line Inspection Process 82
Jul 21, 2016: The Empire District Electric Company Files Recovery Rider for Riverton 12 Combined Cycle Unit 82
Jul 21, 2016: Empire Files Recovery Rider for Riverton 12 Combined Cycle Unit in Arkansas 82
Jul 20, 2016: The Empire District Electric Company Announces New Electric Vehicle Incentive Program 82
Jun 28, 2016: EDEC completes new Riverton combined-cycle power unit in Kansas 83
Jun 21, 2016: The Empire District Electric Company Files Stipulation and Agreement in Missouri Rate Case 83
Feb 08, 2016: PSC Announces Local Public Hearing Schedule In The Empire District Electric Company Rate Case 84
Feb 03, 2016: The Empire District Electric Company announces Fred Meyer as Director of Transmission Policy and Compliance 84
Dec 17, 2015: PSC Sets Hearing Schedule In Empire District Electric Company Rate Case 84
Nov 18, 2015: PSC Approves Change in the Fuel Adjustment Charge for Empire District Electric Customers 85
Nov 17, 2015: Empire announces high-velocity cleaning of piping at Riverton Power Plant 85
Oct 20, 2015: PSC Sets Intervention Deadline In Empire District Electric Rate Case 85
Oct 16, 2015: Empire District Electric files for new electric rates in Missouri and Oklahoma 86
Oct 09, 2015: Empire District Electric Company to cut ribbon for new Columbus southeast substation 86
Oct 05, 2015: PSC Sets Intervention Deadline In Empire District Electric Fuel Adjustment Charge Cases 86
Sep 03, 2015: Empire provides on-site update for expansion project at Riverton Power Plant 87
Jul 24, 2015: The Empire District Electric Company announces Jeff Westfall as director of operations 87
Jul 21, 2015: Rescheduled Maintenance Outage in Boston and Kenoma 87
Jul 01, 2015: The Empire District Electric Company plugs into electric hybrid vehicles 87
Jun 25, 2015: PSC Issues Decision In The Empire District Electric Company Rate Case 87
Jun 24, 2015: The Empire District Electric Company Announces New Rates for Missouri Customers 88
Jun 24, 2015: EDE Announces New Rates for Missouri Customers 88
Jun 10, 2015: The Empire District Electric Company: Retirement – Bob Brown 89
Jun 08, 2015: The Empire District Electric Company Announces Retirement of Tom Dietz 89
May 22, 2015: The Empire District Electric Company Announces Retirement of Bill Gipson from Board of Directors 89
May 22, 2015: The Empire District Electric Company Announces Retirement Of Amy Bass 89
May 22, 2015: EDE Announces Retirement of Board Member-Gipson 90
May 20, 2015: The Empire District Electric Company announces Julie Maus director of Corporate Communications 90
May 06, 2015: The Empire District Electric Company Announces Retirement of Jan Watson 90
May 06, 2015: The Empire District Electric Company Announces Election of Dale Harrington as Corporate Secretary 91
Apr 20, 2015: The Empire District Electric Company Files Annual Renewable Energy Standard Compliance Plan 91
Mar 19, 2015: FERC Accepts New, Revised Formula Rate Protocols 91
Mar 17, 2015: The Empire District Electric Company Announces Retirement Of Richard Achey 92
Mar 12, 2015: Empire District Announces Scheduled Maintenanc E Outage In Northeast Oklahoma 92
Mar 06, 2015: The Empire District Electric Company Announces Retirement of Gene Thomas 92
Feb 23, 2015: The Empire District Electric Company Files Arkansas Environmental Cost Recovery Rider 92
Feb 19, 2015: The Empire District Electric Company Announces Retirement Of Garold Irwin 93
Feb 19, 2015: The Empire District Gas Company Announces Retirement Of Norman Wilson 93
Feb 18, 2015: The Empire District Electric Company Announces Retirement Of Martin Penning 93
Feb 12, 2015: The Empire District Electric Company Announces Patsy Mulvaney As Director Of Customer Service 93
Feb 11, 2015: Empire Dedicates New Air Quality Control System At Asbury Power Plant 94
Nov 17, 2014: The Empire District Electric Company Names Kyle Slagle Director of Water Operations 94
Oct 31, 2014: The Empire District Electric Company Announces New Operations Officers 94
Oct 31, 2014: The Empire District Electric Company Announces New Financial Officers 95
Sep 16, 2014: The Empire District Electric Company Announces Mark Timpe as Director of Financial Services 96
Aug 29, 2014: The Empire District Electric Company Files for New Missouri Electric Rates 96
Jun 23, 2014: Empire Making Equipment Upgrades In Greenfield Missouri 96
Jun 17, 2014: The Empire District Electric Company Announces Retirement Of Pete Peterson 96
Jun 13, 2014: The Empire District Electric Company Announces Retirement Of Bill Howell 97
Jun 12, 2014: The Empire District Electric Company Announces Retirement Of Jim Evans 97
Mar 07, 2014: The Empire District Electric Company Announces John Donaldson Director Of System Performance 97
Dec 03, 2013: The Empire District Electric Company Files for New Arkansas Electric Rates 97
Nov 14, 2013: PSC Approves Change To Empire District Electric Fuel Adjustment Charge 98
Oct 21, 2013: Empire District breaks ground for combined cycle expansion at Riverton 98
Aug 27, 2013: Empire District Electric Company Aims to Reduce Duration of Power Outages and Water Repairs With ARCOS 98
Jul 25, 2013: The Empire District Gas Company Announces Gas Line Construction Into Chillicothe 99
Jul 03, 2013: PSC Sets Intervention Deadline In Empire District Electric Company IRP Case 99
May 15, 2013: Missouri PSC Approves EDE’s Request To Change Fuel Adjustment Charge 99
Apr 17, 2013: EDE Files Annual Renewable Energy Standard Compliance Plan With Missouri PSC 99
Feb 27, 2013: Missouri PSC Approves Unanimous Agreement In EDE’s Electric Rate Case 99
Feb 22, 2013: EDE Files Stipulated Agreement In Missouri Electric Rate Case 100
Dec 27, 2012: Missouri PSC To Hold Local Public Hearings In EDE Electricity Rate Case 100
Nov 16, 2012: Missouri PSC Approves EDE Request To Change Fuel Adjustment Charge On Monthly Bills 100
Nov 01, 2012: Missouri PSC Denies Interim Rates Of EDE 100
Sep 10, 2012: EDE Announces Transmission Line Inspections 101
Aug 14, 2012: Missouri PSC Sets Hearing Schedules In EDE Rate Case 101
Jul 10, 2012: Missouri PSC Sets Intervention Deadline In EDE Rate Case 101
Jul 06, 2012: EDE Files For New Missouri Electric Rates 101
May 14, 2012: Missouri PSC Approves Reduction To EDE Fuel Adjustment Charge 102
Apr 16, 2012: EDE Files Annual Renewable Energy Standard Compliance Plan With Missouri PSC 102
Apr 06, 2012: EDE Seeks Approval From Missouri PSC For Fuel Adjustment Charge On Electricity Bills 102
Mar 16, 2012: Missouri PSC Sets Intervention Deadline In Electric Cases Related To Iatan Generating Station 102
Mar 01, 2012: EDE Seeks Missouri PSC Approval For Demand Side Management Programs 102
Feb 29, 2012: Missouri PSC Approves Electric Territorial Agreement Between EDE And White River Valley Electric 103
Dec 22, 2011: EDE And White River Valley Electric File Joint Application With Missouri PSC Related To Seventh Territorial Agreement 103
Nov 22, 2011: Missouri PSC Approves Fuel Adjustment Charge For EDE Electric Customers 103
Nov 17, 2011: EDE Announces Stipulation And Agreement Filing In Oklahoma On Rate Request 103
Nov 15, 2011: EDE Announces Stipulation And Settlement Agreement Filings In Missouri And Kansas 104
Sep 16, 2011: EDE Announces Transmission Line Inspections 104
Aug 30, 2011: Missouri PSC Opens Case To Investigate Cost Of Complying With EPA Regulations 104
Jul 29, 2011: EDE Appoints Laurie Delano As VP Of Finance And CFO 105
Jul 29, 2011: EDE Announces Retirement Of Greg Knapp As Vice President Of Finance And CFO 105
Jul 08, 2011: EDE Announces Temporary Electric Energy Assistance Fund 105
Jun 30, 2011: EDE Files Request With OCC For Change In Rates For Its Oklahoma Electric Customers 106
Jun 17, 2011: EDE Files Request With KCC For Change In Electric Rates For Kansas Electric Customers 106
Jun 01, 2011: Unanimous Agreement Reached In EDE Rate Case: Missouri PSC 106
May 31, 2011: EDE Files Stipulation And Agreement With Missouri PSC On Electric Rate Case 107
May 19, 2011: EDE Appoints Tina Gaines As Director Of Engineering And Line Services 107
May 11, 2011: Missouri PSC Approves EDE’s Request To Adjust FAC On Electric Bills 107
May 02, 2011: EDE Announces Retirement Of Harold Colgin, Vice President Of Energy Supply 108
Apr 28, 2011: EDE Announces Changes To Board 108
Apr 20, 2011: EDE Appoints Brent Baker As Director Of Customer Service 108
Apr 15, 2011: EDE Announces New Rates For Arkansas Customers 108
Apr 06, 2011: EDE Files Request With Missouri PSC To Adjust FAC On Bills Of Electric Customers 109
Mar 28, 2011: EDE Announces Retirement Of Joe Simmons 109
Mar 17, 2011: Missouri PSC To Hold Public Hearings On EDE Electric Rate Case 109
Mar 10, 2011: Missouri PSC Opens Files Concerning Renewable Energy Standard Compliance Plans 110
Mar 10, 2011: Missouri PSC Opens Files Concerning Renewable Energy Standard Compliance Plans 110
Mar 08, 2011: EDE Appoints Sam McGarrah As Director Of Commercial Operations 110
Feb 10, 2011: Missouri PSC Adopts New Energy Efficiency Investment Rules 110
Feb 03, 2011: EDE Announces Management Changes 111
Jan 28, 2011: EDE Names Brian Berkstresser As Plant Manager Of Empire Energy Center 112
Jan 11, 2011: EDE Appoints Tim Wilson As Director Of Energy Supply Services 112
Jan 06, 2011: Missouri PSC To Hold Public Hearings In Joplin And Reeds Spring In EDE’s Electric Rate Case 113
Dec 01, 2010: Missouri PSC Opens Proceeding To Investigate SPP Cost Allocations And Cost Overruns 113
Nov 26, 2010: Missouri PSC Approves Territorial Agreement Between EDE And Ozark 113
Nov 26, 2010: Missouri PSC Approves Fuel Adjustment Charge For EDE 114
Nov 04, 2010: EDE Announces Change To Board Of Directors 114
Oct 20, 2010: EDE To Interrupt Service In Neosho, US 115
Oct 06, 2010: EDE Announces Scheduled Outage Of Wanda Substation To Reinstall Transformers 115
Oct 05, 2010: MPSC Sets Intervention Deadline In EDE Electric Rate Case 115
Sep 28, 2010: EDE Files Request With MPSC For Changes In Rates To Its Missouri Electric Customers 115
Sep 28, 2010: EDE And Ozark Files Joint Application Seeking MPSC’s Approval For Electric Territorial Agreement 116
Sep 22, 2010: EDE Announces Annual Transmission Line Inspections 116
Sep 22, 2010: EDE Announces Scheduled Outage In Neosho, US 116
Aug 30, 2010: EDE Receives First Phase Of Capital Reliability Rider From Oklahoma Corporation Commission In US 116
Aug 24, 2010: EDE Announces Outage In Northeast Neosho, US 116
Aug 19, 2010: EDE Announces New Electric Rates For Missouri Customers In US 117
Aug 19, 2010: EDE Files Request With Arkansas PSC In US For Increase In Electricity Rates 117
Aug 13, 2010: EDE Announces Plum Point Generating Station Meets In-Service Criteria Of MPSC 117
Jun 25, 2010: KCC Approves New Rates For EDE 117
Apr 29, 2010: EDE Reports Election Of Directors And Officers 118
Apr 14, 2010: EDE Inaugurates New Substation In Missouri 118
Feb 10, 2010: EDEC Nominates James Sullivan To Board Of Directors 118
Nov 02, 2009: EDE Announces Board Changes 119
Apr 23, 2009: EDE Reports Election Of Directors And Officers 119
Feb 05, 2009: EDE Announces Board Changes 119
Dec 13, 2011: Siemens IC&E Receives Orders For Power Plant Automation Systems 120
Appendix 122
Report Scope 122
GlobalData Coverage 122
Benchmarking 122
GlobalData’s Methodology 122
Secondary Research 122
Primary Research 123
Contact Us 123
Disclaimer 123
The Empire District Electric Company, Key Facts 8
The Empire District Electric Company, Operational Metrics, Capacity 9
The Empire District Electric Company, Operational Metrics, Generation 9
The Empire District Electric Company, Operational Metrics, Customers 9
The Empire District Electric Company, Operational Metrics, Segmental Information 10
The Empire District Electric Company, Operational Metrics, Sales 10
The Empire District Electric Company, Wind Farms, United States 11
The Empire District Electric Company, Hydro Power Plants, United States 12
The Empire District Electric Company, Thermal Power Plants, United States 13
Major Products and Services 15
The Empire District Electric Company, SWOT Analysis 20
The Empire District Electric Company, Key Employees 23
The Empire District Electric Company, Subsidiaries 24
The Empire District Electric Company, Deals Summary 25
Empire District Electric Raises USD60 Million in Private Placement of 3.59% Bonds Due 2030 26
Empire District Electric Raises USD60 Million in Private Placement of 4.27% Bonds Due 2044 27
Empire District Electric Completes Private Placement Of 3.73% Bonds Due 2033 For US$30 Million 28
Empire District Electric Completes Private Placement Of 4.32% Bonds Due 2043 For US$120 Million 29
The Empire District Completes Private Placement Of 3.58% Bonds Due 2027 For US$88 Million 30
Liberty Utilities Completes Acquisition of Empire District Electric for USD2.3 Billion 31
