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million that KCP&L had sought. PSC spokesman Greggy Ochoa said that the PSC staff estimated the increase will raiss a typicalresidential customer’s bill about $12.82 a A typical customer is considered to be one that uses 700 kilowattg hours of electricity a month in winter and 1,200 kWh a monthu in the summer, Ochoa “Our customers depend on us to provide affordablwe and reliable power,” KCP&L CEO Mike Chesser said in a writtenn statement responding to the PSC approval. “Thise rate increase will help us pay for environmental investments we have alreadgy made to several ofour coal-fired powef plants.
The installation of such pollution-control equipmenyt will improve air quality for our regio and allow us to meet futurw federalenvironmental mandates. We recognize that this is a challengin g time to ask customers to pay morefor electricity, and we didn’tr make this decision lightly.” Kansas City-based (NYSE: KCP&L’s parent, that KCP&L had reached an agreement in principled with the PSC to settl its pending Missouri rate case. Great Plains Energy ranks No. 5 on the Kansas City Businese Journal ’s list of area public companies.
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