Regulators Approve Rate Increase for Ameren

6 years 1 month 1 week ago Wednesday, July 13 2011 Jul 13, 2011 Wednesday, July 13, 2011 2:22:00 PM CDT July 13, 2011 in News
By: Associated Press

JEFFERSON CITY (AP) - Missouri regulators have approved a $172 million increase in electric rates for Ameren Missouri, but the power company will not be permitted to recover costs it sought to rebuild the Taum Sauk reservoir.

The Public Service Commission approved the rate increase Wednesday on a 5-0 vote.

St. Louis-based Ameren Missouri is the state's largest electric utility with about 1.2 million customers, mostly in eastern and central Missouri.

The company had requested an increase of more than $200 million. Regulators decided against letting Ameren Missouri add part of the cost for building the new Taum Sauk reservoir into the rate base that is collected from electric customers over time.

In December 2005, the original Taum Sauk reservoir collapsed. That sent a billion gallons of water down a southeastern Missouri mountain.

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