The Missouri Public Service Commission has approved agreements reached by parties in electric-rate cases filed by Kansas City Power & Light Company (KCP&L) and KCP&L-Greater Missouri Operations Company (GMO), which reduce the annual electric operating revenues of KCP&L by approximately $21 million and GMO by approximately $24 million.
Under the agreements, residential customers of GMO will see rates decrease by approximately 3.2 percent, while residential customers of KCP&L will see a reduction of approximately 1.4 percent. The rate reductions are expected to take effect in December 2018.
KCP&L serves approximately 284,500 electric customers in several Missouri counties, including Carroll, Chariton, Howard, Lafayette, Pettis and Saline.
GMO provides electric service to approximately 323,500 customers in several Missouri counties, as well, including, Carroll and Pettis.