UPDATE: Missouri Public Service Commission Approve Ameren Rate Hike

3 years 7 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
COLUMBIA — Road closings this summer in downtown Columbia could make it harder to enjoy local shops and restaurants in... More >>
5 hours ago July 24, 2016 Jul 24, 2016 Sunday, July 24 2016 Sunday, July 24, 2016 3:43:00 AM CDT in News
LAKE OF THE OZARKS — One person was injured after a boat caught on fire at the 38-mile marker by... More >>
11 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 10:10:00 PM CDT in News
KANSAS CITY (AP) — The Repertory Theatre of St. Louis has received a $1 million gift, the largest in its... More >>
16 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 5:07:03 PM CDT in News
KANSAS CITY (AP) — A 51-year-old man is accused of pulling over a vehicle and acting as if he were... More >>
16 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 4:46:46 PM CDT in News
COOPER COUNTY — A man has been charged in relation to a hostage standoff east of Boonville Friday morning. ... More >>
17 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 4:15:00 PM CDT in News
COLUMBIA — MU Interim Chancellor Hank Foley announced the members of the Advisory Committee for the Director of Athletics search... More >>
17 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 4:01:00 PM CDT in Sports
COLUMBIA — With the extreme heat this weekend, local medical experts told people to be aware of the signs of... More >>
17 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 3:53:00 PM CDT in News
COLUMBIA — Out-of-towners from across the state are boosting sales for local businesses and restaurants downtown this weekend. The... More >>
18 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 3:13:00 PM CDT in News
JEFFERSON CITY — The Jefferson City Knights of Columbus hosted a barbecue fundraiser for the country's first Special Olympics training... More >>
19 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 1:54:00 PM CDT in News
COLUMBIA — Athletes, parents, and officials across Columbia tried to beat the heat while participating in the Show Me State... More >>
20 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 1:21:00 PM CDT in News
KANSAS CITY, Kan. (AP) — Hundreds of mourners gathered for the funeral for a Kansas City, Kansas, police captain shot... More >>
21 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 12:10:16 PM CDT in News
KANSAS CITY (AP) — A federal judge has tossed out a woman's lawsuit against Home Depot over the deaths of... More >>
22 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 11:38:15 AM CDT in News
KANSAS CITY (AP) — A Kansas City, Missouri , man is accused of spitting in a police officer's eye and... More >>
22 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 11:29:44 AM CDT in News
COLUMBIA — A group of young athletes braved the high heat this morning doing more than most people do before... More >>
23 hours ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 10:36:00 AM CDT in News
ST. LOUIS (AP) — Roy Blunt has served in Congress for two decades, but as he seeks re-election to the... More >>
1 day ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 9:39:32 AM CDT in News
JEFFERSON CITY (AP) — An incoming high school senior from the Kansas City area will be one of the youngest... More >>
1 day ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 9:33:00 AM CDT in News
BOONE COUNTY — The Boone County Fair had better turnout than expected with Sturgeon hosting it for the first time.... More >>
1 day ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 6:02:00 AM CDT in News
COLUMBIA — Early Thursday morning, a man was shot during an argument with a neighbor about a “no parking” sign... More >>
1 day ago July 23, 2016 Jul 23, 2016 Saturday, July 23 2016 Saturday, July 23, 2016 12:03:00 AM CDT in News
Columbia, MO
Broken Clouds 85°
10am 87°
11am 89°
12pm 91°
1pm 93°

Select a station to view its upcoming schedule:

Coming Up Next

9:00a
Meet the Press
10:00a
The Chica Show
10:30a
Noodle and Doodle
9:00a
Campmeeting
10:00a
Christian Worship Hour
10:30a
In Search of the Lord's Way

Tonight's Schedule

7:00p
Hollywood Game Night
8:00p
American Ninja Warrior
7:00p
Bulletproof Heart
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Cougar Town