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News Brief

May 12, 2011MARYVILLE, MO |  By: Wayman

Power Rates Rising

Both natural gas rates and electric rates are going up for thousands of north Missouri residents.

And the electric increase is one of the largest in years. State regulators have approved a rate hike for 311,000 Kansas City Power and Light electric customers. Starting June 4th it's estimated the average KCP & L customer will see another $16.97 a month added to their bills. That makes the average residential customer's bill about $98.97 a month. The increase largely reflects the addition of the Iatan two coal-fired power plant just built and operating north of Weston. The state's public service commission chairman Kevin Gunn says it will actually be better for customers in the long run. For natural gas customers of Missouri Gas Energy, a surcharge on your bill will more than double. Currently it's averaging $0.21 a month, the new surcharge will be $0.49. That also goes into effect next month.