KCP&L Negotiates $59M Rate Increase In Kansas
Stock quotes in this article:
GXP
KANSAS CITY, Mo. (AP) Kansas City Power & Light has negotiated a $59 million rate increase for its more than 205,000 Kansas customers.
The 14.4 percent increase would raise the average residential customer's electric bill by $10.36 per month. The money will go to pay for environmental upgrades at the utility's Iatan 1 coal-fired plant and construction of the new Iatan 2 power plant. The Kansas Corporation Commission must still approve the agreement, which KCP&L reached with commission staff, the Citizens' Utility Ratepayer Board and Kansas Electric Power Cooperative Inc. KCP&L requested for the change to go into effect Aug. 1. The utility, a unit of Great Plains Energy Inc., originally asked to raise rates by $71.6 million. The commission will hold a hearing on the proposal on June 22.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
|
|
UP
73.00
|
UP
6.24
|
UP
18.86
|
DOWN
0.17
|
10 Yr
3.43%
SPDR Gold
109.74
|
|
+0.72%
|
+0.57%
|
+0.88%
|
-0.49%
|
Data delayed 20 minutes |














