Thursday, April 14, 2011

Missouri approves KCP&L rate increase - Orlando Business Journal:

http://www.readingagency.org.uk/mt/mt-cp.cgi?__mode=view&blog_id=15&id=3654
million that KCP&L had sought. PSC spokesman Gregg Ochoas said that the PSC staff estimated the increas will raise a typicalresidential customer’s bill aboutg $12.82 a month. A typical custome r is considered to be one that uses 700 kilowatt hours of electricity a montbh in winterand 1,200 kWh a monthg in the summer, Ochoa “Our customers depend on us to provide affordabl and reliable 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 several ofour coal-fireed power plants.
The installation of such pollution-control equipment will improvew air quality for our region and allow us to meet futur federalenvironmental mandates. We recognize that this is a challenginyg time to ask customers to pay morefor electricity, and we didn’ty make this decision lightly.” Kansas City-based GXP), KCP&L’s parent, that KCP&L had reachefd an agreement in principle with the PSC to settler its pending Missouri rate case. Great Plains Energy ranks No. 5 on the Kansas City Business Journalk ’s list of area public companies.

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