Dive Brief:
- Kansas City Power & Light plans to add 400 MW of wind generation and revitalize its energy efficiency programs for its Missouri customers.
- EDF Renewables has agreed to build a 200-MW wind farm in Kansas and Element Power will build a similar wind farm in Missouri. Power from the wind farms will be sold to KCP&L under 20-year contracts.
- KCP&L expects the wind farms to save $600 million in fuel costs and the expanded efficiency programs to save about $400 million over the next 20 years.
Dive Insight:
If approved, KCP&L will have the most renewables and most efficiency resources among Missouri's investor-owned utilities. The efficiency plan revives a previous proposal. In late 2011, KCP&L proposed expanding its efficiency programs, but several months later withdrew the request because of falling electric demand in its service territory. As part of its latest proposal, KCP&L is requesting a new cost recovery method that includes performance incentives.