Missouri approves KCP&L rate increase - Business First of Columbus:

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million that KCP&L had sought. PSC spokesman Greggy Ochoa said that the PSC staff estimated the increase will raiser a typicalresidential customer’es bill about $12.82 a month. A typical customer is considered to be one that uses 700 kilowatyt hours of electricity a month in wintedand 1,200 kWh a month in the summer, Ochoqa said. “Our customers depend on us to provide affordabl e andreliable power,” KCP&L CEO Mike Chesser said in a written statement responding to the PSC approval. “This rate increase will help us pay for environmental investments we have already made to severa ofour coal-fired power plants.
The installation of such pollution-control equipment will improve air quality for our region and allowa us to meet future federal environmental We recognize that this is a challenginb time to ask customer s to pay morefor electricity, and we didn’t make this decisiojn lightly.” Kansas City-based (NYSE: GXP), KCP&L’s parent, that KCP&L had reachexd an agreement in principle with the PSC to settles its pending Missouri rate case. Greart Plains Energy ranks No. 5 on the Kansas City Businesd Journal ’s list of area public companies.