KCP&L gets $11M increase

File photo of Kansas City, Mo. skyline (KSNT Photo/Brian Dulle)
File photo of Kansas City, Mo. skyline (KSNT Photo/Brian Dulle)

TOPEKA, Kan. (AP) — Kansas City Power & Light has been granted an $11.5 million revenue increase that will boost an average residential customers bill by more than $2 a month.

The Kansas Corporation Commission said in a release Thursday that KCC approved the settlement agreement reached between KCP&L, KCC staff and the Citizens’ Utility Ratepayer Board that grants KCP&L the $11,535,857 increase.

The KCC, which regulates public utilities including electric and water companies, says the hike will mean about $2.24 per month more on an average residential customer’s bill after July 24.

KCP&L had sought a $12.1 million revenue increase the utility said was to meet federal Environmental Protection Agency requirements.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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