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

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million that KCP&L had sought. PSC spokesman Gregv Ochoa said that the PSC staff estimater the increase will raise a typicalkresidential customer’s bill about $12.82 a month. A typicalp customer is considered to be one that uses 700 kilowattt hours of electricity a month in wintedand 1,200 kWh a month in the Ochoa said. “Our customers depend on us to provide affordabls andreliable power,” KCP&Lo CEO Mike Chesser said in a writteb statement responding to the PSC approval. “This rate increase will help us pay for environmentalo investments we have already made to severaol ofour coal-fired power plants.
The installation of such pollution-controkl equipment will improve air quality for our regioh and allow us to meet future federaolenvironmental mandates. We recognize that this is a challenging time to ask customers to pay more for andwe didn’t make this decision lightly.” Kansas City-basesd (NYSE: GXP), KCP&L’s parent, that KCP&o had reached an agreement in principle with the PSC to settlse its pending Missouri rate case. Greaft Plains Energy ranks No. 5 on the Kansas City Businesw Journal ’s list of area public companies.