Kansas City Power & Light is seeking a 12.5 percent rate hike for customers in Kansas. The request follows a similar one filed by the utility in October seeking a 15.5 percent increase for many of the utility’s Missouri customers.
KCP&L said it wanted an annual revenue increase of $67.3 million, to help offset costs for infrastructure improvements at the Wolf Creek nuclear power plant and costly emission scrubbers at its La Cygne coal-fired plant, as part of governmental mandates. Part of the increase is also projected to pay for more tree trimming and replace electric meters.
The requested price hike would also increase KCP&L’s financial rate of return to 10.5, higher than what state regulators gave gas utilities last year, according to an attorney representing KCP&L customers.