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PR-09-26 -- PSC Approves Change To Aquila Fuel Adjustment Charge
Contact: Kevin Kelly (573) 751-9300
FOR IMMEDIATE RELEASE -- AUGUST 20, 2008
JEFFERSON CITY—To reflect changes in fuel and purchase power costs, the Missouri Public Service Commission has approved a request filed by Aquila, Inc. d/b/a KCP&L Greater Missouri Operations Company to adjust the fuel adjustment charge on electric customer bills. The charge, which appears as a separate item on the monthly bill, is known as the fuel adjustment clause or FAC. The commission’s vote was 4-1.
Electric bills for a residential customer using 1,000 kilowatts of power a month will increase by approximately $2.30 a month for customers in the MPS Division and by approximately $0.80 a month for customers in the L&P Division. The change will take effect after September 1, 2008.
In its filing, KCP&L Greater Missouri Operations Company stated that since its last FAC-related adjustment (March 2008), fuel and purchased power costs have increased by approximately $14.4 million for the MPS Division and by approximately $1.8 million for the L&P Division. Under the FAC approved by the commission in a May 2007 rate case, KCP&L Greater Missouri Operations Company will recover only 95 percent of those cost increases from its customers.
KCP&L Greater Missouri Operations Company provides electric service to approximately 235,500 customers in its MPS service area and to approximately 64,500 electric customers in its L&P service area.
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