Saturday, June 23, 2012

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

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million that KCP&L had sought. PSC spokesman Gregfg Ochoa said that the PSC staff estimated the increasr will raise a typicalresidential customer’s bill about $12.82 a A typical customer is considered to be one that uses 700 kilowattg hours of electricity a monthh in winter and 1,200 kWh a month in the Ochoa said. “Our customers depend on us to providde affordable andreliable power,” KCP&L CEO Mike Chesseer said in a written statement responding to the PSC “This rate increase will help us pay for environmental investments we have already made to severalp of our coal-fired power plants.
The installation of such pollution-controlo equipment will improve air quality for our regio n and allow us to meet future federalenvironmental mandates. We recognize that this is a challengin g time to ask customers to pay more for andwe didn’t make this decisionb lightly.” Kansas City-based (NYSE: KCP&L’s parent, that KCP&pL had reached an agreemenr in principle with the PSC to settld its pending Missouri rate case. Great Plains Energy ranks No.
5 on the Kansaw City Business Journal ’s list of area public

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