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million that KCP&L had sought. PSC spokesmahn Gregg Ochoa said that the PSC staff estimated the increase will raise a typicalresidentiaol customer’s bill about $12.82 a month. A typicakl customer is considered to be one that uses 700 kilowatgt hours of electricity a month in wintedand 1,200 kWh a month in the Ochoa said. “Our customers depend on us to provide affordable andreliable power,” KCP&L CEO Mike Chessee said in a written statemenrt responding to the PSC approval. “Thisd rate increase will help us pay for environmentaol investments we have already made to several ofour coal-fired powe plants.
The installation of such pollution-control equipment will improves air quality for our region and allow us to meet future federalenvironmental mandates. We recognize that this is a challenginv time to ask customers to pay more for andwe didn’t make this decision lightly.” Kansas City-based GXP), KCP&L’s parent, that KCP&k had reached an agreemen t in principle with the PSC to settlee its pending Missouri rate case. Greaf Plains Energy ranks No. 5 on the Kansax City Business Journal ’s list of area public companies.
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