KCP&L Rates Rising 5-9 Percent

Electricity prices for KCP&L’s 600,000 customers in Missouri are going up later this month from 5.2 to 9.1 percent, depending on the service area.

State regulators granted $64 million of a $106 million rate increase requested by the utility’s parent company, Great Plains Energy, and expressed concerns about the effects of frequent rate increases over the last few years.

About half the customers, in the original Kansas City Power & Light’s territory, will see a 9.1 percent increase. The utility had asked for 15.1 percent. The higher rates in part are paying for an energy plan that included the coal-fired Iatan 2 plant near Weston and wind-energy projects.

Read more in the Kansas City Star

Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students