Archive for Tuesday, December 29, 2009

KCP&L requests rate increase

December 29, 2009

Kansas City Power & Light Company filed a request Dec. 17 with the Kansas Corporation Commission to increase base rates for electric service in its Kansas service area.

The total amount of the request is about $55.2 million, which the company said would raise the typical residential customer’s monthly bill 11.5 percent, or about $11.08 each month.

If approved, the base rate increase is expected to be effective Oct. 17, 2010. The increase is part of KCP&L’s Comprehensive Energy Plan and includes costs related to investments in new, cleaner and high-efficient coal-fired generation, upgrades to the transmission and distribution system and increases in operations and maintenance costs.

The company, a subsidiary of Great Plains Energy Incorporated, noted its retail electric rates in Kansas are currently more than 22 percent below the national average. It said it intended to file a rate request with the Missouri Public Service Commission in 2010.

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