KCP&L to recover some conservation losses

(KANSAS CITY, Mo., AP) — Missouri regulators will allow Kansas City Power & Light to increase some customers’ rates to recover losses from a new energy conservation program.

The utility plans to start a program next year to encourage energy conservation. The program is expected to cost KCP&L $40 million in electricity sales over three years, but also result in electricity savings of about $150 million during the same period.

The Kansas City Star reports (http://bit.ly/ZcQice ) the program will cover 300,000 customers formerly served by Aquila Inc., mostly in Missouri suburbs of Kansas City.

The Missouri Public Service Commission will allow the utility to slightly increase those customers’ rates to cover initial costs. If it meets 70 percent of its conservation goals after three years, KCP&L would be able to raise rates further.

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Information from: The Kansas City Star, http://www.kcstar.com

Posted by on November 9, 2012. Filed under Missouri News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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