KCP&L can’t seem to stay out of the news. The latest is a requested a $34.8 million rate increase which was approved by Missouri regulators. The Missouri Public Service Commission said it has recently granted the utility’s request for the increase, which will add $4.85 a month just more than 5% to electricity costs for an average residential user.
The utility initially asked for a $92.1 million revenue increase, because it had to raise rates mostly due to higher costs to run its new Iatan II electric generation plant in Platte County. The utility asked for an 11% profit margin in its original rate request filed last year, but regulators approved a 10% return on equity.
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