The Missouri Public Service Commission unanimously approved agreements reached by parties in electric rate cases filed by Kansas City Power and Light Company and its Greater Missouri Operations Company that reduce annual electric operating revenues of the companies.
The operating revenues will be reduced by about 21 million dollars for KCP&L and about 24 million dollars for GMO.
Residential customers of KCP&L will see a reduction of about 1.4%, and GMO residential customers will see rates decrease by about 3.2% under the agreements approved by the Public Service Commission. The rate reductions are expected to take effect in December.
The companies filed rate requests with the Commission January 30th seeking an increase in electric operating revenues of about 16.4 million dollars for KCP&L and about 19.3 million dollars for GMO.
KCP&L serves about 284,500 electric customers in Missouri, including the Green Hills county of Livingston.
GMO provides electric service to about 323,500 customers, including those in the Green Hills counties of Daviess, Grundy, Harrison, Livingston, and Mercer.