KCP&L to increase electric rates in Missouri

May 10, 2017 - 7:46 am
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JEFFERSON CITY, Mo. (AP) — State regulators have approved a $32.5 million rate increase for Kansas City Power & Light to offset the utility's costs of providing service.

The Missouri Public Service Commission announced Tuesday the rate increase would cost the average residential customer about $4 a month.

The utility in July had sought an increase of $90.1 million, saying it needed the increased revenue to recover money spent upgrading the company's infrastructure, adding regional transmission lines and complying with environmental and cybersecurity rules.

The decision also continues a fuel adjustment clause that allows KCP&L to adjust customer bills up to twice a year to reflect any change in its fuel and purchased power costs. The utility also will continue a low-income residential customer assistance program.

KCPL serves about 272,800 electric customers in Missouri.

Read the Missouri Public Service Commission statement here.

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