Ameren Rate Hearings

1 decade 3 years 2 weeks ago Tuesday, January 02 2007 Jan 2, 2007 Tuesday, January 02, 2007 6:20:14 PM CST January 02, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
ST. LOUIS - The Missouri Public Service Commission held two public hearings Tuesday to let area residents react to Ameren UE's plan to raise rates. Customers at the first hearing were almost unanimous in their criticism, saying the utility company makes too much profit and invests too little in its power grid. Ameren wants the PSC to let it raise rates by $361 million a year, but PSC staff recommended last week that Ameren cut rates by $168 million a year. About 500,000 customers in St. Louis lost power because of November ice storms, and wind storms last July cut power to 600,000 customers.

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