What can you do with 7.5 percent?
Kansas City Power & Light, through a 7.5 percent rate increase, could generate an additional $62.9 million a year in revenue, company spokeswoman Courtney Hughley said.
On Friday, the utility company, a subsidiary of Great Plains Energy, filed the rate increase request with the Missouri Public Service Commission.
According to a news release, the request is “needed to recover money spent upgrading the company’s infrastructure, adding regional transmission lines, and complying with environmental and cybersecurity mandates.”
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If the commission approves the request, the monthly bill for an average customer will go up about $9 a month.
The process for a rate request takes some time, the company said, and it wouldn’t go into effect until April 2017.
“We realize that there is never a good time to ask for a rate increase,” Hughley said.
KCP&L offers bill payment assistance programs to its customers, she added.
The increase would affect customers in the KCP&L Missouri service area, which encompasses the Kansas City area. People in Missouri who were served by Aquila before the 2008 acquisition won’t be affected.
However, in February, KCP&L asked for an 8.2 percent rate increase for those customers. The commission is still mulling that request.
This is KCP&L’s seventh rate request in 10 years for the Missouri service area. In September, KCP&L won an 11.7 percent increase, which bumped up average bills about $12 a month.
In May, KCP&L’s parent company, Great Plains, agreed to buy Westar Energy, a Topeka-based utility company. Great Plains CEO Terry Bassham said at the time that the merger would help keep rates down. The merger is still pending state and federal approval.