KANSAS CITY, Missouri (AP) - Kansas City Power & Light is asking for a rate increase of its Missouri customers, and plans to ask for higher rates in Kansas later this year.
The company announced Monday that it is asking for an average 15 percent increase in Missouri. That's about $180 a year for an average residential customer.
The rate of increase will vary in KCP&L's three service areas.
Utility officials said in a news release that the increase was needed to offset the increasing costs of transmission lines and other system upgrades, as well as alternative energy projects. It also cited a lack of wholesale power sales.
The Kansas City Star reports that the utility plans to file a rate case later this year affecting Kansas customers.