KCP&L Rate Increase Approved in Kansas

December 14, 2012

KCP&L won approval for a 6.7 percent annual rate hike for Kansas utility customers. The increase is expected to go into effect next month.

Kansas City Power & Light customers in Kansas will soon see increases in their utility bill. The Kansas Corporation Commission on Thursday approved a $33.1 million (6.7 percent) annual rate hike.

KCP&L originally asked for $63 million but subsequently reduced the request to $56 million to pay for environmental upgrades and a wind-energy project. The company said the rate hike was "in large part to meet federal environmental regulations and a state renewable energy mandate." The average residential customer will see an increase of about $70 per year.

The utility company is also asking Missouri regulators to raise rates by up to 15 percent. The Missouri Public Service Commission, which regulates utility rates, is expected to decide next month. If approved, residential customers in Missouri will see an increase of $180 a year.

The rate increase for Kansas is expected to go into effect next month.

Source: Kansas City Star

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