Dive Summary:

• Missouri regulators have approved a plan for Kansas City Power & Light (KCP&L) that permits the utility to charge customers for electricity sales lost under a new energy efficiency program.
• The new program will start next year and is expected to cost $40 million over three years for rebates and other incentives; KCP&L hopes the program will result in electricity savings worth $150 million in its first three years.
• The customers who enroll in the program will see a slight increase in their bills and KCP&L will have the option to raise rates again after the three-year period if the program meets at least 70 percent of its conservation target.

From the article:

Missouri regulators have approved a plan for Kansas City Power & Light that will let it charge customers for some of the electricity sales lost under a new energy efficiency program.

The program approved by the Missouri Public Service Commission will cover 300,000 KCP&L customers in the territory KCP&L took over when it bought Aquila Inc. The area includes suburbs such as Raytown and Lee’s Summit, and about 20,000 customers in southeast Kansas City. ...