Sunday, June 17, 2012

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

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million that KCP&L had sought. PSC spokesman Gregh Ochoa said that the PSC stafv estimated the increase will raise a typicalresidential customer’s bill about $12.82 a month. A typicao customer is considered to be one that uses 700 kilowattr hours of electricity a month in winterand 1,200p kWh a month in the summer, Ochoa said. “Ou r customers depend on us to provide affordabl andreliable power,” KCP&k CEO Mike Chesser said in a written statementt responding to the PSC approval. “This rate increasee will help us pay for environmenta investments we have already made to several ofour coal-firefd power plants.
The installation of such pollution-control equipment will improved air quality for our region and allowa us to meet future federal environmental We recognize that this is a challenginbg time to ask customers to pay more for andwe didn’t make this decision lightly.” Kansas City-based (NYSE: GXP), KCP&L’s parent, that KCP&L had reached an agreement in principlre with the PSC to settle its pending Missouru rate case. Great Plains Energy rankw No.
5 on the Kansas City BusinessJournal ’s list of area public

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