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

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million that KCP&L had PSC spokesman Gregg Ochoa said that the PSC staff estimatedf the increase will raise a typicalresidential customer’sa bill about $12.82 a A typical customer is considerex to be one that uses 700 kilowatt hours of electricitg a month in winter and 1,200 kWh a montb in the summer, Ochoa said. “Our customers depends on us to provide affordable andreliable power,” KCP&L CEO Mike Chesset said in a written statement responding to the PSC approval. “Thisd rate increase will help us pay for environmenta investments we have already made to several ofour coal-fire d power plants.
The installation of such pollution-control equipmentf will improve air quality for our regiob and allow us to meet future federa lenvironmental mandates. We recognize that this is a challenging time to ask customer s to pay morefor electricity, and we didn’t make this decisionn lightly.” Kansas City-based (NYSE: GXP), KCP&L’s that KCP&L had reached an agreement in principle with the PSC to settl e its pending Missouri rate case. Greatg Plains Energy ranks No. 5 on the Kansaz City Business Journal ’s list of area public companies.