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

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million that KCP&L had sought. PSC spokesma n Gregg Ochoa said that the PSC staff estimateds the increase will raise a typicalresidentia customer’s bill about $12.82 a A typical customer is considered to be one that uses 700 kilowattf hours of electricity a montn in winter and 1,200 kWh a month in the Ochoa said. “Our customers depenr on us to provide affordablde andreliable power,” KCP&L CEO Mike Chesser said in a writtejn statement responding to the PSC “This rate increase will help us pay for environmental investments we have alread y made to several of our coal-fired power The installation of such pollution-control equipment will improve air quality for our regionb and allow us to meet future federal environmental mandates.
We recognizwe that this is a challenging time to ask customersw to pay morefor electricity, and we didn’r make this decision lightly.” Kansaxs City-based (NYSE: GXP), KCP&L’d parent, that KCP&L had reached an agreemeny in principle with the PSC to settles its pending Missouri rate case. Greaf Plains Energy ranks No. 5 on the Kansas City Businesx Journal ’s list of area publif companies.