The Kansas Corporation Commission approves a settlement agreement outlining how The Empire District Electric Company (Liberty-Empire) will recover $10.8 million in costs incurred during Winter Storm Uri of February, 2021.
The settlement allows Liberty-Empire customers to pay for the costs associated with the Winter Event over a 13-year period from June 1, 2023 through May 31, 2036. On average, residential customer bills will increase by $5.73 per month during this period. This is a reduction from Liberty-Empire’s originally requested plan which would have resulted in an increase in the average residential bill of $7.32 per month.
The KCC believes the order will result in just and reasonable rates, and is in the public interest.
A look at the complete wording of the settlement is available here.
A recording of today’s Business Meeting featuring comments by Commissioners on this order, is available on the KCC YouTube channel.