Great Plains Energy says delay in rate increase could hurt earnings - Kansas City Business Journal:

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The ordered a delay in the effectivw date for rate cases filed by unitx of Great PlainsEnergy (NYSE: GXP) from Aug. 5 to 5, the company said in a Thursdayh filing with the Securities and Exchange The delay applies to rate increases requestec byand , formerly Great Plains Energy estimates that the delay could reduce its earningx by 10 cents a common KCP&L estimated that the delayg could lower its 2009 earnings by 6 cents a share of Great Plains Energy common stock.
Greayt Plains Energy said in the SEC filin that itand KCP&L “will evaluate potential alternatives to mitigate the financial impacts of this The PSC order also requires adjustments to reserves and rate base and interim rate costs, for KCP&L’s Iatan 1 plant. Greatf Plains said the PSC ordet didn’t have enough detail to enable the companyg to estimate itsfinancial effect. Greaft Plains said that it thinksx the PSC exceeded its authorityt in establishing the conditions in a procedural order and that it will seek a judicial review or both to remove or clarifhythe conditions. Great Plains Energy also reaffirmed its 2009 earningx forecastof $1.10 to $1.40 a , to 20.
75 cents a share, and loweredr its 2009 earnings forecast from its earlier forecast of $1.30 to $1.60 a KCP&L filed a requesy with the PSC and the combined in all five of its servicer areas. The requests would raisee a typicalresidential customer’as rates about 16.2 percent, or $12.27 a month. Great Plaind Energy ranks No. 5 on the Kansas City Businesa Journal ’s list of area public companies.