Agreement Reached in Mo. Renewable Energy Program

4 years 11 months 2 weeks ago Saturday, November 02 2013 Nov 2, 2013 Saturday, November 02, 2013 10:01:21 AM CDT November 02, 2013 in News
By: The Associated Press

JEFFERSON CITY- An agreement taking effect this month spells out how much a Missouri power company can pay in solar rebates to electric customers.

It caps rebates to $50 million in Kansas City Power & Light Greater Missouri Operations and to $36.5 million in Kansas City Power & Light Missouri for rebates paid after September 2012. About $21.4 million has been paid in Kansas City Power & Light Greater Missouri Operations and $8.4 million in Kansas City Power & Light Missouri. The power company said estimating when the limits would be reached is difficult.

Solar rebates arose from a 2008 voter-approved law requiring investor-owned utilities to use more renewable energy sources. At least 2 percent must come from solar energy. Electric rates also cannot increase by more than 1 percent to comply.

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