Posted: Dec 12, 2012 1:04 PM by Associated Press
Updated: Dec 12, 2012 1:05 PM
JEFFERSON CITY (AP) - Missouri utility regulators have approved a $260 million rate increase for electric customers of Ameren Missouri.
The rate increase approved Wednesday is intended to cover such things as the utility's rising fuel costs, infrastructure improvements, vegetation trimming and storm repairs.
About $90 million of the rate increase goes toward energy efficiency programs that could ultimately save money for residents and businesses.
The increase is about two-thirds of the $376 million hike that Ameren originally sought in February.
This marks the fifth rate increase for Ameren in the past six years.