Here are today’s top stories from across Missouri:
Kansas City Power & Light Co. says it needs a 15.8 percent rate increase for about half of its 565,000 Missouri customers to recover the cost of environmental upgrades at its coal-fired plant in La Cygne, Kan. The utility said the $121 million-a-year rate request, if approved by the Missouri Public Service Commission, would amount to about a $14 monthly increase for the average residential customer starting next September.
After a series of public meetings, a steering committee will now start writing a comprehensive plan for Missouri’s energy future. Energy Division Director Lewis Mills says many of those at the meetings wanted to see greater emphasis on renewables and alternate sources of energy.
Many bond investors are worried that heavily-indebted Arch Coal won’t make it through a coal market downturn that has already gone on longer than many expected. Prices for most of the Creve Coeur-based company’s unsecured corporate bonds have fallen below 50 cents on the dollar in recent weeks.
YRC Worldwide Inc.’s CEO said after reporting a strong performance in the third quarter that the Overland Park, Kan.-based trucking company is “in a better place (now) than any other time in our recent history.” YRC reported a net income of $1.2 million, the first net income it’s reported in the third quarter since 2012.
Chevrolet’s Kansas City market manager committed a nationally televised blooper while presenting pickup truck keys to San Francisco Giants pitcher Madison Bumgarner, the World Series Most Valuable Player. But the stumbling by Rikk Wilde, the sales, service and marketing liaison between GM and its Kansas City-area dealers, earned millions in free publicity for the Chevrolet brand.
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