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May 31, 2011MARYVILLE, MO | By: Wayman
The 21% rate increase for Kansas City Power and Light customers we told you about a few weeks ago is now changing and will be phased in gradually.
State regulators at the Public Service Commission granted the rate hike to pay for KCP&L's new power station north of Weston. But on Friday they reversed course and instead of putting an immediate charge of about $17 extra per month on customer's bills, residents will pay just $11 extra now with the rest being phased in this year and the next two years. PSC chairman Kevin Gunn tells us the regulators recognized the customer's shock in the compromise.