PSC Debates Electric Rates

1 decade 1 year 5 months ago Thursday, December 28 2006 Dec 28, 2006 Thursday, December 28, 2006 8:01:40 PM CST December 28, 2006 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
ST. LOUIS - The staff of the Missouri Public Service Commission is expected to recommend AmerenUE cut its electric rates by up to $168 million a year, although the St. Louis-based utility wants to raise rates by $361 million. The staff could make its recommendation as soon as Friday. Ameren, which has 1.2 million customers in Missouri, said the increase would make up for its $2.6 billion investment in infrastructure over the past three years. In Illinois, 1.2 million customers of three Ameren subsidiaries will see rate increases ranging from 40-55 percent starting next Monday. Those rates were frozen for a decade.

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