(MSC News)--Energy provider Evergy, which covers much of the local area, has been approved to increase its rates by $128 million.
The Kansas Corporation Commission, Thursday morning, approved a unanimous settlement agreement to allow Evergy to make the increase to allow the company, a release from KCC says, "to recover investments made to replace aging equipment and increase the resiliency and reliability of the power grid."
The new rates will take effect with the October billing cycle, with the release saying residential customers with average monthly usage will see an approximate monthly increase of $8.47.
Evergy had originally, in January, applied for an increase of $194.6 million; but, the release says, following "extensive negotiations," the KCC, based on an independent review of evidence in the record, "found that the agreed upon rates will provide Evergy with sufficient revenues to meet its financial obligations yet will keep rates as low as possible while maintaining reliable service for its customers."
© Many Signals Communications
MOST VIEWED STORIES
Neb man seriously injured in Brown Co wreck
Two wrecks, arrests, in Atchison Co
Sabetha woman injured in Brown Co rollover crash
Hiawatha man sentenced for failing to register as sex offender
Two local cooperatives announce merger agreement
Waterville man charged with murder waives prelim hearing
Marysville teen injured in Nemaha Co rollover crash
Missing Rock Port juveniles found
Pre-teen named as business window breaker
Trio arrested after Jackson Co traffic stop
Neighbor's knife threat ends with arrest
Police officer arrested in Pawnee County assault case
Couple arrested on drug charges after trespassing complaint
Longtime Doniphan Co official announces retirement
Mayetta man jailed on drug and weapons charges
Topeka man jailed in Jackson Co following pursuit
Hiawatha police officer recognized for service
Holton man injured in vehicle-pedestrian collision
LATEST STORIES
New President of Peru State College selected
Hiawatha meeting participation guideline changes approved
Gov. Pillen honors 2025 Wellness Award recipients
Atchison plans for visitor influx for BC weekend
Hiawatha police officer recognized for service
"Jessie James in Nebraska" program at Falls City Library
Neighbor's knife threat ends with arrest
Richardson County considering flood plain buyout program