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KCPL POSITIONS COMPETITIVELY WITH RATE REDUCTIONS

 KANSAS CITY, Mo., Dec. 29 /PRNewswire/ -- Kansas City Power & Light Co. (KCPL) (NYSE: KLT) announced today that the Missouri Public Service Commission (MPSC) has approved an agreement reducing rates to reflect the end of the amortization of costs associated with a rate phase-in Plan. The Plan recognized the commercial operation of Wolf Creek Generating Station in 1985.
 The agreement benefits KCPL's Missouri retail electric customers by reducing rates 2.6 percent, or $12.5 million annually. The benefit to the company and its shareowners will be more competitively priced service. The agreement is effective on Jan. 1, 1994, and applies equally to all classes of Missouri customers.
 Importantly, the negotiated agreement also includes a two-year moratorium on general rate changes. Thus, the company will be able to continue its aggressive cost-control programs and to implement efficiency improvements designed to promote growth in its service area. All of these activities serve to enhance the company's competitive position in retail and wholesale electric-power markets.
 KCPL serves a total of 250,000 Missouri retail electric customers in 12 counties.
 -0- 12/29/93
 /CONTACT: Robert Levesque of Kansas City Power & Light, 816-556-2312/
 (KLT)


CO: Kansas City Power & Light Co. ST: Missouri IN: UTI SU:

BB -- DV003 -- 7849 12/29/93 15:41 EST
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Publication:PR Newswire
Date:Dec 29, 1993
Words:210
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