News Release

For more information contact: Jesse Borjon, (785) 271-3269

July 17, 2014

Commission Approves Kansas City Power & Light (KCP&L), Unanimous Stipulation and Settlement Agreement

Topeka, KS - Today, the Kansas Corporation Commission (Commission or KCC) approved a Unanimous Stipulation and Settlement Agreement reached between KCP&L, KCC staff, and the Citizens' Utility Ratepayer Board (CURB), granting KCP&L, an $11,535,857 increase. An average residential customer's monthly bill will increase by approximately $2.24 per month (or about 2%). Electrical usage after July 24 will be subject to the new rates.

KCP&L's application requested a $12,113,071 revenue increase as a direct result of actual capital costs incurred to meet federal Environmental Protection Agency (EPA) requirements at La Cygne. KCP&L's filing is a follow-up to its 2012 full rate review.

The KCC regulates public utilities including telecommunications, natural gas, electric and water companies, and oil and gas producers. The Commission's regulatory oversight of public utilities primarily pertains to rates and terms of service. In order to ensure that customers of regulated utilities are provided sufficient and efficient service at just and reasonable rates - jurisdictional utilities may not change rates without Commission approval.

A complete copy of the application, supporting testimony, and order is available by visiting http://kcc.ks.gov, clicking Docket Filings on the left menu, and entering Docket No. 14-KCPE-272-RTS.

 

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