What do rates pay for?
Rates, which must be approved by state regulators, are set to recover only essential costs related to providing safe, reliable and affordable service. This rate increase request represents the successful completion of KCP&L’s five-year Comprehensive Energy Plan (CEP). The request includes recovery for investments in new, cleaner and more efficient coal-fired generation, customer initiatives and system reliability improvements made as part of the CEP. Iatan 2, a new 850 Megawatt coal-fired generation unit, is scheduled to be completed in 2010. Iatan 2 will meet the growing electrical demand of our region and maintain competitive electric rates for decades to come. Customer initiatives include energy efficiency, customer affordability and demand response programs. Providing customers more information and control over their energy use helps them save money and also helps the environment. Investments in our transmission and distribution network ensure our ability to continue to deliver reliable electrical service and maintain our status as one of the region’s most reliable utilities.