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9 percent KCP&L rate increase approved in Kansas

Posted: 2:52 PM, Sep 10, 2015
Updated: 2015-09-10 15:52:12-04

Kansas regulators have approved a 9 percent increase in Kansas City Power & Light's annual electric rates, raising them less than the utility sought.

But the three-member Kansas Corporation Commission split over how much profit KCP&L's stockholders should be allowed to earn. The final rate is 9.3 percent.

The commission said KCP&L's charges for its 247,000 customers in northeast Kansas will increase nearly $49 million a year. No figure was immediately available for the monthly increase in an average residential customer's bill.

Missouri regulators last week approved an 11.7 percent rate increase for KCP&L customers there.

In Kansas, KCP&L proposed boosting annual revenues by $67 million, or 12.5 percent and $11.67 a month for an average residential customer.

KCP&L argued it needed additional revenues to pay for power plant upgrades.

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