Thursday, May 26, 2011

Missouri approves KCP&L rate increase - Baltimore Business Journal:

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million that KCP&L had sought. PSC spokesman Greggh Ochoa said that the PSC staff estimateds the increase will raise a typicalresidential customer’s bill about $12.832 a month. A typical custometr is considered to be one that uses 700 kilowatt hourzs of electricity a monty in winterand 1,200 kWh a montyh in the summer, Ochoa “Our customers depend on us to provide affordable and reliable power,” KCP&L CEO Mike Chesser said in a written statement responding to the PSC approval. “This rate increasr will help us pay for environmentak investments we have alreadyu made to several ofour coal-firex power plants.
The installation of such pollution-control equipment will improve air quality for our region and allow us to meet future federapenvironmental mandates. We recognize that this is a challenginbg time to ask customers to pay morefor electricity, and we didn’ make this decision lightly.” Kansas City-base (NYSE: GXP), KCP&L’s parent, that KCP&Lo had reached an agreement in principle with the PSC to settl its pending Missouri rate case. Great Plains Energuy ranks No. 5 on the Kansas City BusinesesJournal ’s list of area publif companies.

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