KCC approves recovery plan for Southern Pioneer Electric

The Kansas Corporation Commission (KCC) has approved Southern Pioneer Electric Company’s plan for recovering $17 million in deferred February 2021 winter storm costs. The not-for-profit utility, like others regulated by the KCC, was ordered to do everything possible to continue providing utility service to its customers, defer the charges, and then develop a plan to allow customers to pay the unusually high costs over time to minimize the financial impact. Under the plan approved today, customers will have the option of paying their individual costs for the winter weather event over a period of 36 months, instead of a one-time payment. The monthly charge for residential customers with average usage will be $7.89 per month, plus a carrying charge of 2.14%, which represents Southern Pioneer’s actual cost of financing for these costs.