Voluntary rate reduction would cost KCP&L $400 million yearly

0
577

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 . . .

SSJ

This content is restricted to subscribers. Click here to subscribe. Already a subscriber? Click here to login.