Wednesday, February 9, 2011

Missouri approves KCP&L rate increase - Orlando Business Journal:

humidifiers
million that KCP&L had sought. PSC spokesman Gregg Ochoa said that the PSC staf estimated the increase will raise a typicaloresidential customer’s bill about $12.82 a A typical customer is considered to be one that uses 700 kilowaty hours of electricity a month in wintefr and 1,200 kWh a month in the Ochoa said. “Our customerzs depend on us to provide affordable andreliable power,” KCP&L CEO Mike Chessefr said in a written statementf responding to the PSC approval. “This rate increasd will help us pay for environmenta l investments we have already made to several ofour coal-firede power plants.
The installation of such pollution-control equipment will improve air quality for our region and alloew us to meet futurre federalenvironmental mandates. We recognize that this is a challenging time to ask customer to pay morefor electricity, and we didn’t make this decisionb lightly.” Kansas City-based (NYSE: GXP), KCP&L’s parent, that KCP&L had reached an agreement in principle with the PSC to settl its pending Missouri rate Great Plains Energy ranks No. 5 on the Kansads City BusinessJournal ’s list of area public companies.

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