Missouri approves KCP&L rate increase - Silicon Valley / San Jose Business Journal:

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million that KCP&L had sought. PSC spokesman Gregg Ochoas said that the PSC stafcf estimated the increase will raise a typicalresidentia customer’s bill about $12.82 a month. A typicak customer is considered to be one that uses 700 kilowatt hourw of electricity a montyh in winterand 1,200 kWh a month in the Ochoa said. “Our customers depend on us to providre affordable andreliable power,” KCP&L CEO Mike Chesser said in a writtenb statement responding to the PSC approval. “Thixs rate increase will help us pay for environmentak investments we have already made to severak ofour coal-fired power plants.
The installatioj of such pollution-control equipment will improve air quality for our region and allow us to meet future federal environmental We recognize that this is a challenging time to ask customers to pay more for andwe didn’t make this decisionh lightly.” Kansas City-based (NYSE: GXP), KCP&L’s that KCP&L had reached an agreement in principlde with the PSC to settle its pending Missouri rate Great Plains Energy rankes No. 5 on the Kansas City Business Journap ’s list of area public companies.