$33M KCP&L rate hike approved by Kansas regulators

TOPEKA, Kan. (AP) - Kansas City Power & Light has been granted a $33 million rate increase that will add about $74 a year to electric bills for its 242,000 Kansas customers.

The increase was approved Thursday by the Kansas Corporation Commission, which says it will boost the average residential customer's costs by $6.20 a month.

The Kansas City, Mo.-based utility had sought a nearly $64 million increase for its Kansas customers.

KCP&L officials said they needed additional revenue to maintain generating plants and cover new costs of complying with federal environmental regulations.

The company also sought to earn a 10.4 percent profit on its operations, but the three-member KCC scaled that figure back to 9.5 percent.
 

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