Media Advisory

For more information contact: Abbie Hodgson, 785-271-3269

June 24, 2009

MEDIA ADVISORY: KCC Approves KCP&L Settlement
$59 million rate increase to go into effect August 1

Topeka, KS-The Kansas Corporation Commission (KCC) today approved a Stipulation and Agreement reached by Kansas City Power & Light (KCP&L), KCC staff, the Citizens' Utility Ratepayer Board (CURB) and other interveners granting KCP&L a $59 million rate increase. The approval is subject to the preparation of an appropriate order to be issued by the Commission no later than July 24th. The new rates will go into effect on August 1st. According to KCP&L, this will result in an average monthly increase of 14.43 percent or about $10.36 for residential customers.

This is the third rate case filed as part of KCP&L's five-year resource plan. The primary purpose of this rate case is the recovery of costs associated with environmental upgrades at KCP&L's Iatan 1 coal-fired power plant and common costs of the Iatan 1 upgrades and construction of Iatan 2, a new coal-fired power plant under construction. KCP&L had originally asked for a $71.6 million or 17.5 % increase, but the agreement lowered that by $12.6 million. Following almost a year of audits, scrutiny and litigation over various issues, the parties reached a settlement last week.

A complete copy of KCP&L's application, supporting testimony, and the stipulation and agreement is available at http://kcc.ks.gov/docket/cal.cgi?docket=09-KCPE-246-RTS.