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On Wednesday, the by KCP&L, KCC the and others, KCP&L said in a The new rates takeeffectt Aug. 1, provided an orderr from the KCC is issuexd byJuly 24. The settlemenr means a 14.43 percent increase, or abouyt $10.36 more a month, for the typical Kansas residentiak customer. In September, the Kansass City-based electric utility had requesteda $71.t million increase, which would have meanyt a 17.5 percent jump for Kansaes customers, or about $12.57 more a month for the typicao residential customer. The rate case was the third filed as partof KCP&L’s five-yearf resource plan, the release said.
The increase’s primaryy purpose was to recover costsd for environmental upgrades at the Iatan1 coal-fired powerr plant and common costs for the upgradesa of that plant and construction of Iatanj 2, a second coal-fired power plant under construction. KCP&oL is a subsidiary of Kansas City-basecd (NYSE: GXP), which ranks No. 8 on the Kansase City BusinessJournal ’s list of area publifc companies.
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