Missouri commission approved KCP&L rate increase

Posted at 6:29 AM, May 10, 2017
and last updated 2017-05-10 07:29:24-04

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.