Fulton electric rate hike likely, rates remain comparatively low

1 year 6 months 4 days ago November 22, 2015 Nov 22, 2015 Sunday, November 22 2015 Sunday, November 22, 2015 5:31:00 PM CST in News
By: James Packard, KOMU 8 Reporter

FULTON - Fulton city leaders were preparing Sunday to approve a rate hike for electric customers in the city.

Fulton City Manager Bill Johnson said the new rates, which the city council was set to approve Tuesday, would raise rates about $5 a month for the average household.

Johnson said the new rate would cost the average household, using 1,000 kWh per month, $101.50. That's up from the current rate of $96.50 for 1,000 kWh.

The hike would be the first since 2008.

"Our wholesale costs have gone up 40 percent since 2008," Johnson said. "We have been cutting back and making due with the revenue we were generating, and we just got to the point where we can't do that anymore."

Johnson said if city council members approve the increase on Tuesday, it would go into effect with January billing.

The rate increase would keep Fulton electric rates comparable to other rates in mid-Missouri.

In Columbia, 1,000 kWh costs about $117.70 October through May, and about $123.16 in summer months.

The website electricitylocal.com said Jefferson City residents pay, on average, $0.0969 per kWh, about $96.9 for 1,000 kWh. Ameren Missouri, a dominant supplier of electricity in Jefferson City, said it charged customers about $86.77 for 1,000 kWh.

Johnson said a rate increase in Fulton was likely. He said city leaders understand the disadvantages of having to pay more for electricity.

"We are all rate payers as well," Johnson said.

The electric rates would be discussed Tuesday evening at the Fulton city council meeting.

More News

Grid
List
ST. LOUIS (AP) — St. Louis police say a man who barricaded himself inside a home repeatedly fired at officers... More >>
1 hour ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 6:54:00 PM CDT in News
KANSAS CITY, Mo. (AP) — Kansas City, Missouri, police say they are searching for a man who shot two people,... More >>
1 hour ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 6:46:00 PM CDT in News
COLUMBIA - A new business pushes it’s clients to their limit and has them sweating bullets. Two former NFL... More >>
3 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 5:06:00 PM CDT in Sports
COLUMBIA - A resettlement agency supporting refugees had a surplus in donations, so it decided to sell some of its... More >>
3 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 4:47:00 PM CDT in News
As of 6:00 p.m. 23,491 Electric Cooperative member-consumers are without power As of 5:37 p.m. Saturday, Ameren reports that... More >>
3 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 4:21:00 PM CDT in Top Stories
JEFFERSON CITY - Traditional Native American food, crafts and dancing can be found at the tenth annual "For the People"... More >>
4 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 3:48:00 PM CDT in Top Stories
COLUMBIA - Two teens were arrested early Saturday morning in relation to an armed robbery Friday night. Columbia Police... More >>
4 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 3:46:00 PM CDT in Top Stories
BOONE COUNTY - One person was extricated from a vehicle and taken to the hospital with serious injuries after a... More >>
5 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 2:53:00 PM CDT in Top Stories
COLUMBIA— The start of the ninth annual Pedaler’s Jamboree was held on Saturday. Nine years ago when the event... More >>
5 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 2:24:00 PM CDT in Continuous News
COLUMBIA - The 29th Annual Salute to Veterans Air Show is scheduled for Saturday, May 27, and Sunday, May 28... More >>
6 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 2:10:00 PM CDT in News
JEFFERSON CITY - Three people were taken to hospitals by emergency personnel following a three-car wreck Saturday morning. A... More >>
7 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 1:08:00 PM CDT in Top Stories
COLUMBIA – Public pools in Columbia opens for Memorial Day weekend, but they are still looking for more people to... More >>
8 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 11:29:00 AM CDT in News
SPRINGFIELD, Mo. (AP) — Two months after the idea was first introduced to leaders in Springfield, Missouri, the city's new... More >>
8 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 11:13:00 AM CDT in News
ST. LOUIS (AP) — St. Louis police say a man who exchanged gunfire with officers during an hours-long standoff has... More >>
9 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 11:09:00 AM CDT in News
JEFFERSON CITY (AP) — Lawmakers have passed a proposal in a special session that supporters hope will bring hundreds... More >>
14 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 5:13:00 AM CDT in News
JEFFERSON CITY – A father was sentenced in federal court Friday for threatening the attorney who represented one of his... More >>
1 day ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 8:04:00 PM CDT in Top Stories
OSAGE BEACH – People going to Lake of the Ozarks this Memorial Day Weekend may encounter severe weather, dampening the... More >>
1 day ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 7:56:00 PM CDT in Top Stories
JEFFERSON CITY - A motor vehicle collision left a man seriously injured Friday morning. Elmer Redcay, 62, was northbound... More >>
1 day ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 7:53:00 PM CDT in Top Stories
Columbia, MO
Broken Clouds 63°
8pm 64°
9pm 63°
10pm 62°
11pm 67°

Select a station to view its upcoming schedule:

Coming Up Next

7:00p
Fast & Furious 6
10:00p
KOMU 8 News @ 10
10:29p
Saturday Night Live
8:00p
Bob's Burgers
8:30p
Bob's Burgers
9:00p
KOMU 8 News @ Nine on The CW

Tonight's Schedule

7:00p
Fast & Furious 6
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers
8:30p
Bob's Burgers
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld