UPDATE: Missouri Public Service Commission Approve Ameren Rate Hike

3 years 5 months 1 week ago December 12, 2012 Dec 12, 2012 Wednesday, December 12 2012 Wednesday, December 12, 2012 12:49:00 PM CST in News
By: Amy Couch

JEFFERSON CITY -The Missouri Public Service Commission approved Ameren Missouri's request to raise utility rates for its customers.

The was vote was three to one in favor of Ameren's increase. Chairman Kevin Gunn, Commissioners Terry Jarrett and Stephen Stoll voted yes. Commissioner Robert Kenney dissented.

This is the fifth rate increase request over six years. Chairman Gunn says that this rate increase was neccessary so that the commission can prevent rate increases in the near future.

The commission says utility rates in Missouri are already below the national average. Ameren said it wants to raise its rates to cover the $260.2 million in needed upgrades for energy efficiency programs.

Over $100 million of that increase is related to Ameren Missouri's increased total fuel costs. Another $89 million of that increase is for the cost of increasing Ameren Missouri's energy efficiency efforts under Missouri's Energy Efficiency Investment Act (MEEIA).

Ameren Missouri originally wanted to increase its retail rates by approximately $376 million per year, an increase of approximately 14.6 percent.

That increase was put hold until January 2013.

In July and August 2012, the Commission conducted twelve local public hearings at various sites around Ameren Missouri's service area. At those hearings, the Commission heard comments from customers and the public regarding the rate increase.

Critics say the rate hike would hurt customers already struggling to pay bills, but Ameren says the increase is necessary to meet environmental standards and make needed improvements to infrastructure.

While Ameren Missouri dropped its original rate increase from $376 million to $260, customers should still expect an increase starting next year.

 

More News

Grid
List
ST. LOUIS (AP) — A 19-year-old Illinois man has been charged with first-degree murder in connection with a downtown St.... More >>
16 minutes ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 5:25:24 PM CDT in News
JEFFERSON CITY - Gov. Jay Nixon announced today that the Echo Bluff State Park in Shannon County will officially be... More >>
1 hour ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 4:37:00 PM CDT in News
COLUMBIA - Missouri school immunization requirements for students are changing. Students entering eighth grade and twelfth grade are required... More >>
2 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 3:27:00 PM CDT in News
JEFFERSON CITY (AP) — Missouri's insurance department has dealt a setback to a proposal by the nation's third-largest health insurer... More >>
2 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 3:25:45 PM CDT in News
ST. LOUIS (AP) — A state audit released Wednesday cites "serious mismanagement" by the former superintendent of the Fox School... More >>
2 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:56:24 PM CDT in News
TOPEKA, Kan. (AP) — Planned Parenthood of Kansas and Mid-Missouri plans to merge with the abortion provider's central Oklahoma affiliate... More >>
2 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:43:21 PM CDT in News
COLUMBIA – Columbia's Regional Economic Development Inc. (REDI) hosts an entrepreneur event, 1 Million Cup, every Wednesday morning from 9... More >>
3 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:41:00 PM CDT in News
AUSTIN, Texas (AP) — Texas and 10 other states are suing the Obama administration over a new directive about transgender... More >>
3 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:31:00 PM CDT in News
SPRINGFIELD (AP) — Greene County officials say they'll be able to hold Springfield municipal inmates at the county jail once... More >>
3 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:13:17 PM CDT in News
KANSAS CITY, Mo. (AP) — A Missouri woman already accused of embezzling more than $300,000 from engineering firm Black &... More >>
3 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 1:55:09 PM CDT in News
COLUMBIA - The Missouri State Highway Patrol said a vehicle speeding through Columbia led to a "nearly head-on" collision on... More >>
6 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 11:38:00 AM CDT in News
COLUMBIA - The University of Missouri - Columbia is under fire by the group Stop Animal Exploitation NOW!, or SAEN,... More >>
6 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 10:43:00 AM CDT in News
ST. LOUIS (AP) — The Latest on the shooting death of an 8-month-old boy in St. Louis (all times... More >>
8 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 9:16:00 AM CDT in News
JEFFERSON CITY – Most recently graduated high school seniors have a whole summer off before they must prepare for their... More >>
10 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 7:40:00 AM CDT in News
ST. LOUIS (AP) - One man suspected of killing a woman in downtown St. Louis carjacking before throwing her 9-month-old... More >>
10 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 7:18:01 AM CDT in News
KANSAS CITY (AP) - Two Kansas City, Missouri, men are accused in federal court of carrying out a killing as... More >>
11 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 6:16:08 AM CDT in News
COLUMBIA – Workers striped the new Garth Avenue Bridge Tuesday night into Wednesday morning. Danny Roeger is the construction... More >>
14 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:44:00 AM CDT in News
PULASKI - Only one 911 line is operational at the Pulaski County Call Center after a lightning strike damaged the... More >>
19 hours ago May 24, 2016 May 24, 2016 Tuesday, May 24 2016 Tuesday, May 24, 2016 10:12:00 PM CDT in News
Columbia, MO
Broken Clouds 83°
6pm 82°
7pm 80°
8pm 77°
9pm 74°

Select a station to view its upcoming schedule:

Coming Up Next

5:30p
NBC Nightly News with Lester Holt
6:00p
KOMU 8 News @ 6
6:30p
Wheel of Fortune
5:30p
American Dad!
6:00p
Family Guy
6:30p
Family Guy

Tonight's Schedule

7:00p
Heartbeat
8:00p
Law & Order: Special Victims Unit
9:00p
Chicago P.D.
7:00p
Arrow
8:00p
Supernatural
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld