Kansas regulators to decide on rate hike for KCP&L customers
Topeka Kansas regulators are preparing to give their final approval to an increase in Kansas City Power & Light's annual electric rates that's likely to be less than the utility sought.
The Kansas Corporation Commission was meeting Thursday to discuss KCP&L's rates for its 247,000 customers in the state's northeast corner. It was the last day the commission could issue a rate-setting order under state law.
KCP&L proposed boosting its annual revenues by $67 million and estimated its request would raise rates by 12.5 percent or $11.67 a month for an average residential customer.
But a state consumer advocacy agency says decisions already announced publicly by the commission suggest KCP&L's rates will increase about $40 million annually.
The company contends it needs additional revenues to pay for power plant upgrades.