Missouri utility regulator updates increase for Ameren users

1 year 7 months 5 days ago May 01, 2015 May 1, 2015 Friday, May 01 2015 Friday, May 01, 2015 4:30:00 PM CDT in News
By: The Associated Press

JEFFERSON CITY (AP) - The largest electric utility company in Missouri will be able to charge an additional $121.5 million to its customers starting in late May.

The Missouri Public Service Commission Thursday released an updated estimate of the amount Ameren Missouri can charge customers following a rate increase.

Commission staff said the average residential customer will see an increase of $5.45 a month.

The $121.5 million increase is less than half the $264 million Ameren requested in July.

But it's higher than the $108 million estimate provided by staff Wednesday when the commissioners approved the increase.

The updated estimate incorporates other elements of that decision.

The commission also approved a reduced electric rate for a Noranda Aluminum Inc., smelter in southwest Missouri. The company said it needed the rate cut to continue operations there.

(Editor's note: This story has been changed to reflect the accurate date of the change).

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