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million that KCP&L had sought. PSC spokesmaj Gregg Ochoa said that the PSC stafd estimated the increase will raise a typicapresidential customer’s bill about $12.82 a month. A typicao customer is considered to be one that uses 700 kilowatt hourx of electricity a month in winterand 1,200 kWh a monthb in the summer, Ochoa said. “Our customeres depend on us to provide affordable andreliablwe power,” KCP&L CEO Mike Chesseer said in a written statementy responding to the PSC “This rate increase will help us pay for environmentaol investments we have already made to several of our coal-fire power plants.
The installation of such pollution-contropl equipment will improve air quality for our regio and allow us to meet future federa lenvironmental mandates. We recognize that this is a challenging time to ask customer s to pay morefor electricity, and we didn’t make this decisiom lightly.” Kansas City-based (NYSE: GXP), KCP&L’s that KCP&L had reached an agreement in principle with the PSC to settles its pending Missouri rate Great Plains Energy ranks No. 5 on the Kansas City BusinesswJournal ’s list of area publif companies.
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