Electric Companies Could Charge Customers for Improvements

3 years 4 months 3 weeks ago February 27, 2013 Feb 27, 2013 Wednesday, February 27 2013 Wednesday, February 27, 2013 10:41:00 AM CST in News
By: Garrett Bergquist

JEFFERSON CITY - A proposal to allow electric companies to raise their rates to pay for infrastructure work got a mixed reception Wednesday.

The bill would allow electric companies to raise their rates to recover the costs of infrastructure work ranging from towers and wires to cybersecurity and smart grid investments. Any rate increases would have to go through the Missouri Public Service Commission. Gas and water companies in Missouri have been able to do this for about a decade.

Ameren President and CEO Warner Baxter told the House Utilities Committee a "bow wave" of infrastructure needs is coming due to growth in high-tech industries. He said today's computer-dependent businesses need continual, perfect power to avoid losing productivity. Baxter said allowing electric companies to raise their rates would allow them to immediately start renovating decades-old infrastructure, creating jobs in the process.

Irl Scissors, the executive director of Missourians for a Balanced Energy Future, said putting the measure in place would allow utilities to recover more quickly from disasters. He said it would also help the state transition away from a coal-dependent electrical grid.

Some committee members weren't convinced the bill was a good idea. Rep. Todd Richardson, R-Poplar Bluff, repeatedly questioned whether the state was in fact facing a power-delivery crisis. He said he was concerned there wasn't enough review process built into the bill.

"The customer has a vested interest in not being the bank," Richardson said.

Rep. Steve Webb, D-Florissant, told KOMU 8 News he hasn't decided how he feels about the bill. He said having consumers pay for improvements over time rather than all at once is a good idea, but he said the bill should ultimately consider what is best for consumers.

Missouri Industrial Energy Consumers chairman Steve Spinner said letting utility companies hike rates to pay for infrastructure would kill jobs over the long run. He called the measure "a solution in search of a problem" and said utility companies could easily abuse their power if the bill was enacted.

Committee chair Doug Funderburk, R-St. Peters, said public testimony would continue at 8 a.m. Wednesday, March 6.

 

House Bill 398 

 

More News

Grid
List
JEFFERSON CITY - Weathertech Restoration, LLC and its owner, Eric Kroesen, agreed to settlement Monday after taking upfront payments for... More >>
18 minutes ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 4:30:00 PM CDT in News
JEFFERSON CITY - Jon Patrick Washington was sentenced five years in federal prison without parole for injecting heroin into a... More >>
43 minutes ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 4:05:00 PM CDT in News
COLUMBIA - Senate hopeful Jason Kander made a stop at Logboat Brewing Co. on the second day of his 50-stop... More >>
1 hour ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 3:26:00 PM CDT in News
JEFFERSON CITY- The Jefferson City Police Department issued an Endangered Person Advisory for Kelley L. Clark after an incident occurred... More >>
1 hour ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 3:14:00 PM CDT in News
COLUMBIA - The iconic Columbia pizza place Shakespeare's gave KOMU 8 News an inside look at its new building on... More >>
2 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 2:41:00 PM CDT in News
COLUMBIA - Schnucks is having a shortage in fresh items and many shelves are empty at the store on Forum... More >>
2 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 2:25:00 PM CDT in News
COLUMBIA - Columbia voters will decide whether to raise the lodging tax from four percent to five percent on the... More >>
2 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 2:12:47 PM CDT in News
COLUMBIA - The Boone County Public Works Department provided more insight Monday on what will be done to clean Hinkson... More >>
2 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 1:59:00 PM CDT in News
MOBERLY - Gov. Jay Nixon announced Tuesday Randolph County has become the 34th county to be a Certified Work Ready... More >>
3 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 1:46:00 PM CDT in News
ST. LOUIS (AP) — Authorities say a body pulled from the Mississippi River at St. Louis is a 29-year-old kayaker... More >>
4 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 11:54:00 AM CDT in News
ARNOLD, Mo. (AP) — A suburban St. Louis woman is dead after being struck by a tractor-trailer on Interstate 55... More >>
5 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 11:14:47 AM CDT in News
COLUMBIA - We all know that sunscreen is incredibly important. Especially if we are spending a lot of time outside... More >>
5 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 11:11:00 AM CDT in News
MEXICO- Dayton Durham will face a minimum of five years in prison after a jury found him guilty Monday of... More >>
6 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 10:25:00 AM CDT in News
ST. LOUIS (AP) — The University of Missouri-St. Louis has set a record for the number of degrees awarded. ... More >>
7 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 8:55:33 AM CDT in News
KANSAS CITY (AP) — A group of atheists has sued Kansas City, Missouri , officials over the planned use of... More >>
8 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 8:35:00 AM CDT in News
COLUMBIA- Residents of the central neighborhood area of Columbia are invited to a meeting Tuesday to discuss problems in their... More >>
8 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 8:05:00 AM CDT in News
CHARLESTON (AP) — Police in the southeast Missouri town of Charleston say a man found dead was killed in self-defense.... More >>
8 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 7:54:35 AM CDT in News
BELLEFONTAINE NEIGHBORS (AP) — A husband and wife in their 70s who were allegedly shot by a 13-year-old girl last... More >>
9 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 7:41:43 AM CDT in News
Columbia, MO
Broken Clouds 85°
5pm 89°
6pm 88°
7pm 87°
8pm 83°

Select a station to view its upcoming schedule:

Coming Up Next

4:00p
Dr. Phil
5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
4:30p
The Cleveland Show
5:00p
American Dad!
5:30p
American Dad!

Tonight's Schedule

7:00p
America's Got Talent
9:00p
NBC News Special: 2016 Democratic National Convention
7:00p
Whose Line Is It Anyway?
7:30p
Whose Line Is It Anyway?
8:00p
MADtv
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld