Missouri Commission Tries to Cut Frequency of Utility Rate Cases

The Missouri Public Service Commission is scheduled Thursday to discuss a new way to handle utility rate cases.

The “rate stabilization mechanism” would allow the commission to approve a greater rate increase than it otherwise would in exchange for the utility’s commitment not to bring another rate case for a given amount of time. Regulators are trying to cut down on the expense of frequent rate cases.

Kansas City Power & Light Co. and KCP&L Greater Missouri Operations, both subsidiaries of Kansas City-based Great Plains Energy Inc. (NYSE: GXP), have brought several cases in recent years to recover the costs of modernizing their fleets.

Read more on Kansas City Business Journal. 

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