Analyst blasts Kansas City utility leaders on power plant costs

Thursday, September 9, 2010 | 5:43 p.m. CDT

KANSAS CITY — An analyst hired by Kansas utility regulators blames managers of Kansas City Power & Light for nearly $1 billion in overruns at its new Missouri power plant.

But KCP&L officials say there was no $1 billion overrun in the nearly $2 billion Iatan 2 project near Weston, Mo.

KCP&L is seeking rate increases in both Missouri and Kansas to help pay for the plant.

The Kansas City Star reports that analyst Walter Drabinski testified in June that the utility waited too long to start the project and failed to push back the expected completion date.

Company spokesman Chuck Caisley says the plant was 18 percent over budget. He says that's about half the typical overrun in projects of similar complexity.

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