Independence Power & Light is currently operating under a rate structure which has not been updated since 2012. The current rate structure is believed to be overly complex and in need of adjustment to make it more equitable, balanced, and competitive. In addition, the rate structure will need to be adjusted to reflect planned reductions resulting from operational efficiencies already implemented or planned for the near future. The first step in this process involves a Cost of Service Study. The City engaged Mr. Ted Kelly with Burns & McDonnell to conduct this study, and he is prepared to provide the City Council with an update on the project.