(KNZA)--A settlement agreement has been announced in Evergy- request to Kansas regulators for an increase in electric rates, and a hearing has been scheduled to consider it.

The Kansas Corporation Commission, in a release, said the parties in the Evergy rate case filed the proposed settlement agreement with the state regulatory body on Friday.

Evergy had applied for a net revenue increase of $204 million, a 9.77 percent increase for Evergy Kansas Central, which includes the local area. Under the settlement agreement, Evergy would receive a net revenue increase of $77 million, for an increase of 3.54 percent.

If the settlement is approved, the average monthly impact to residential customers in Evergy Kansas Central would be $4.64 a month. Customers in the Evergy Kansas Metro area, which is the Kansas City area, would see a decrease of $6.07 a month. The agreement calls for a net revenue decrease of $32.9 million for Evergy Kansas Metro.

The release says the KCC will hold a hearing on the agreement on Monday, October 9th at its Topeka office. Commissioners will hear from the parties involved in the settlement and ask questions before deciding whether or not to approve the agreement.

A KCC order is due by December 21st.