KCP&L Rates Increase 9.1 Percent in Missouri

State regulators on Wednesday approved a rate increase that will affect 600,000 customers in Missouri.

Great Plains Energy, the parent company to Kansas City Power & Light, was granted $64 million of the $106 million requested. The increases varied among the utility’s three service areas.

About half of the customers in the KCP&L territory will see a 9.1 percent increase, so the average residential customer will see a monthly increase averaging $8.90. Customers in the Great Plains territory will see a 5.2 percent increase; an average monthly increase of $5.70. The residential customers in the former St. Joseph Light & Power service area will see an average increase of 12.9 percent which equals to about $12.91 each month.

The rates will, in part, pay for an energy plan that includes the coal-fired Iatan 2 plant near Weston, and wind energy projects. The increases will go into effect later this month.

KCP&L’s prices are up about 50 percent since 2005 in Missouri and Kansas. The utility recently got approval for a 6.7 percent increase in Kansas.

Read more from the Kansas City Star.

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About Gaylen Davenport

Worldwide provides clients complete turnkey energy efficiency evaluation and solutions. Our focus is in energy saving measures that offer the most savings and financial incentives, creating a rapid return on investment. What sets Worldwide apart is our ability to design, install and certify our installations to qualify for the Federal tax incentives for energy efficiency, then provide the documentation necessary to secure the tax incentives. Worldwide has recently entered the renewable energy field at the request of several of our clients.

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