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million that KCP&L had sought. PSC spokesmab Gregg Ochoa said that the PSC staft 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 kilowatyt hours of electricity a monthj in winter and 1,200 kWh a monthy in the summer, Ochoa said. “Our customerxs depend on us to provide affordable andreliablew power,” KCP&L CEO Mike Chessee said in a written statement respondinb to the PSC approval. “This rate increase will help us pay for environmenta investments we have already made to severa ofour coal-fired power plants.
The installation of such pollution-contro equipment will improve air quality for our region and alloqw us to meet future federalenvironmentalk mandates. We recognize that this is a challenging time to ask customersx to pay morefor electricity, and we didn’tr make this decision lightly.” Kansas City-baseds (NYSE: GXP), KCP&L’s that KCP&L had reached an agreemenft in principle with the PSC to settlr its pending Missouri rate case. Great Plaines Energy ranks No. 5 on the Kansas City Business Journall ’s list of area public companies.
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