How Rates Are Set
The regulatory process provides an opportunity for customers and other interested parties to submit comments and ask questions. Any changes in KCP&L’s rates are subject to the approval of the KCC and MPSC. This ensures rates are reasonable and fair for our customers.
Electric utility rate case process at a glance
Step 1: Before a utility like KCP&L can change rates, we must submit our request to the Commission.
Step 2: The request along with all KCP&L's supporting documentation is reviewed by Commission Staff.
Step 3: Other parties, known as interveners, may voice concerns or request additional information to better understand KCP&L's position.
Step 4: The Commission invites all members of the public and customers to ask questions or express comments about the request.
Step 5: KCP&L formally presents their case to the Commission. Commission Staff and interveners also file their case with testimony and supporting documents.
Step 6: KCP&L provides up-to-date numbers and final facts to be considered in the case.
Step 7: KCP&L works with interveners to resolve as many issues as possible. Then, Commissioners review testimonies and documentation presented by each party.
Step 8: The Commission issues a formal ruling and announces approved rates, which are integrated into customer billing.
How long does the process take?The process typically takes 8-11 months. If approved, these new rates will take effect in early 2013 for Kansas and Missouri.
As a regulated utility we request changes to our rates to recover operation costs and investments in the electric system.
Commissions are the regulating bodies that determine KCP&L rates.
• Commission staff is a group of engineers, accountants, economists and lawyers who review our books and records.
• Commissioners, who are appointed by the governor, make the final decision on our case.
Interveners include anyone who would like to take a formal legal position in our rate case. Interveners may include consumer groups, industrial customers, environmental organizations or others, such as gas companies.
Customers have an opportunity to provide input during the process. See public hearing dates and locations.