A voluntary electric rate reduction of 10 percent would cost the newly merged KCP&L and Westar Energy about $400 million a year, a top company official told lawmakers Tuesday.
Chuck Caisley, a senior vice president for Evergy, described the financial havoc that would be caused by honoring a group's request to lower rates 10 percent while a long-term solution is sought to keep the price of Kansas electricity competitive.
Caisley told legislators that a reduction that large would cost the company about $400 million a year, which would include Missouri because regulators there would not allow . . .