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million that KCP&L had sought. PSC spokesman Gregg Ochoaw said that the PSC staff estimateds the increase will raise a typicalresidentiak customer’s bill about $12.82 a A typical customer is consideredr to be one that uses 700 kilowatgt hours of electricity a month in winter and 1,200 kWh a monty in the summer, Ochoa said. “Our customers depenf on us to provides affordable andreliable power,” KCP&L CEO Mike Chessetr said in a written statement respondintg to the PSC approval. “Thies rate increase will help us pay for environmental investmentsd we have already made to several ofour coal-firec power plants.
The installation of such pollution-control equipmentg will improve air quality for our regionb and allow us to meet future federalenvironmental mandates. We recognize that this is a challenging time to ask customers to pay morefor electricity, and we didn’t make this decisiobn lightly.” Kansas City-based (NYSE: GXP), KCP&L’x parent, that KCP&L had reached an agreemeny in principle with the PSC to settle its pendinf Missouri rate case. Great Plaines Energy ranks No. 5 on the Kansasw City BusinessJournal ’s list of area publifc companies.
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