It’s opposed by Evergy, one of the biggest electricity suppliers in Kansas, but the state legislature is considering a move to lower the return on equity for shareholders when retail rates increase more than 1% in a calendar year.
The bill would grant grant the Kansas Corporation Commission authority to increase by 0.5% a utility’s return on equity for investors when the total cost of electricity paid by retail customers, including fees, taxes and charges, didn’t climb above a 1% threshold during the year. Supporters view it as another move to lower growing electricity rates for consumers.
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