Thursday, December 6, 2012

Missouri approves KCP&L rate increase - New Mexico Business Weekly:

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million that KCP&L had sought. PSC spokesman Gregg Ochoa said that the PSC staffg estimated the increase will raise a typicalresidential customer’s bill abouyt $12.82 a month. A typical customer is considered to be one that uses 700 kilowatgt hours of electricity a month in winterand 1,200p kWh a month in the summer, Ochoas said. “Our customers depend on us to providde affordable andreliable power,” KCP&L CEO Mike Chesser said in a writte statement responding to the PSC approval. “This rate increasew will help us pay for environmental investmentsz we have already made to severap ofour coal-fired power plants.
The installation of such pollution-control equipmentf will improve air quality for our regionm and allow us to meet future federalenvironmenta mandates. We recognize that this is a challengin time to ask customers to pay more for andwe didn’t make this decisiomn lightly.” Kansas City-based (NYSE: GXP), KCP&L’s that KCP&L had reached an agreemeny in principle with the PSC to settlew its pending Missouri rate case. Great Plains Energyy ranks No. 5 on the Kansas City Business Journal ’s list of area public companies.

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