Ameren customers in Missouri to pay more on electric bills

3 years 7 months 2 weeks ago Wednesday, April 29 2015 Apr 29, 2015 Wednesday, April 29, 2015 6:59:00 PM CDT April 29, 2015 in News
By: Jacob Kornhauser, KOMU 8 News Reporter
loading

COLUMBIA - All of Ameren's one million-plus customers in Missouri are going to start paying more for electrical service after it made the decision to increase rates this week.

The average customer will see a $6.50-$7.00 increase on his or her monthly bill; however, not all of that money is going straight to Ameren.

From that increase, $1 a month will go toward saving Noranda, an aluminum company that has been pushing for a subsidy for the last couple years, on their electrical bill. The Public Service Commission passed the deal and has not commented at this time.

Ameren didn't want this additional $1 increase to its service; executives believe it is a bailout for Noranda.

Warren Wood, Ameren's VIP of External Affairs and Communications, said the company "strongly oppose[s]" this new increase.

Wood also stated four major investments the company is making led to the decision to increase electrical rates:

 

  1. Solar Power - Ameren is trying to move into cleaner sources of energy. It will use the O'Fallon Renewable Energy Center to start doing that with solar power.
  2. Clean Air Equipment - Labadie Energy Center in Franklin County requires upkeep in order to further reduce emissions and make the air cleaner.
  3. Replacement of Obsolete Substations - Ameren said building new substations and upgrading existing substations will allow the company to provide more dependable service.
  4. Carbon-Free Energy - The reactor vessel head at Callaway Energy Center needs to be replaced in order to ensure its continued safe and reliable operation.
Annually, this means the average Ameren customer will pay about $80 more, with $12 of that going to Noranda.
According to its website, Ameren serves 1,193,434 customers. Therefore, this increase will net the company anywhere from $6.6 million to $7.2 million monthly and between $78.8 million and $85.9 million.
Noranda will save over $1 million a month and over $14 million a year as a result of this subsidy.
Correction: This article previously suggested Noranda would be making money from this deal. They will actually be saving the amount of money indicated in the story. The proper changes have been made to the story and KOMU 8 regrets the error.

More News

Grid
List
WASHINGTON (AP) — President Donald Trump says Interior Secretary Ryan Zinke , who's facing federal investigations into his travel, political... More >>
1 hour ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 8:53:00 AM CST December 15, 2018 in News
ASHLAND - The Southern Boone Area YMCA will build a new 15,714 square-foot facility in the next two years, if... More >>
2 hours ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 7:48:00 AM CST December 15, 2018 in News
ALTON, Ill. (AP) — Authorities are looking for a man who is suspected of fleeing to Missouri after officers shot... More >>
3 hours ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 7:12:00 AM CST December 15, 2018 in News
PERRYVILLE, Mo. (AP) — A former county official from southeast Missouri already in prison on a conviction of exploiting the... More >>
3 hours ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 7:09:52 AM CST December 15, 2018 in News
NEW BLOOMFIELD - The Holts Summit Police Department has offered to include New Bloomfield in its coverage area for the... More >>
12 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 9:47:00 PM CST December 14, 2018 in News
(CNN) -- A federal judge in Texas said on Friday that the Affordable Care Act's individual coverage mandate is unconstitutional... More >>
14 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 8:12:00 PM CST December 14, 2018 in News
WASHINGTON - A new report released Friday ranks Missouri 48th in the nation for tobacco use prevention programs. ... More >>
14 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 8:08:00 PM CST December 14, 2018 in News
COLUMBIA - The South End Zone Project at Faurot Field is just over halfway through its construction timeline and people... More >>
18 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 3:46:00 PM CST December 14, 2018 in News
FULTON - Connie Cashion is the 2018 winner for the city's Jane Bierdeman-Fike Humanitarian Award. The award goes to... More >>
18 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 3:16:00 PM CST December 14, 2018 in News
FULTON - A Fulton nonprofit surpassed their volunteer goal and is able to give over 400 children a Christmas miracle.... More >>
19 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 2:52:00 PM CST December 14, 2018 in News
JEFFERSON CITY - State Auditor Nicole Galloway will join the investigation into Josh Hawley's use of funds during his Senate... More >>
19 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 2:44:00 PM CST December 14, 2018 in News
COLUMBIA - Students walking around MU's famous Quad may have seen an unexpected visitor Thursday. MU student Massimo Montalbano... More >>
20 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 1:50:00 PM CST December 14, 2018 in News
COLUMBIA - The scooter company Lime announced it has taken its scooters out of Columbia for the immediate future. ... More >>
20 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 1:49:00 PM CST December 14, 2018 in News
(CNN) -- Nearly 40,000 people in the United States died by guns last year, marking the highest number of gun... More >>
20 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 1:22:00 PM CST December 14, 2018 in News
COLUMBIA - The number of homeless people living in Boone County has increased in the past 10 years, according to... More >>
21 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 12:52:00 PM CST December 14, 2018 in News
(CNN) -- Johnson & Johnson's ( JNJ ) stock fell as much as 11% on Friday — on track for... More >>
22 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 11:46:00 AM CST December 14, 2018 in News
NEWTOWN, Conn. (AP) — A bomb threat forced the evacuation of the Sandy Hook Elementary School on Friday, a day... More >>
22 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 11:39:38 AM CST December 14, 2018 in News
(CNN) -- Facebook announced on Friday that the social network had exposed the private photos of millions of users without... More >>
23 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 10:15:10 AM CST December 14, 2018 in News
Columbia, MO
Broken Clouds 41°
11am 44°
12pm 47°
1pm 50°
2pm 52°