Kansas City Power & Light Co. v. State Corp. Commission

Hill, J.:

The Kansas Corporation Commission granted Kansas City Power & Light Company a rate increase of $48.67 million. KCP&L wants more.

The company appeals, claiming the Commissions findings of fact are not supported by substantial competent evidence. Additionally, the company contends that the Commissions decision to exclude flotation costs when calculating its return on equity was unreasonable, arbitrary, or capricious. After reviewing the entire record and not reweighing the evidence, we hold the Commissions rate increase indeed is supported by substantial competent evidence. The…