Missouri Regulators Approve Empire District Rate Hike

7 years 6 months 2 weeks ago Wednesday, June 01 2011 Jun 1, 2011 Wednesday, June 01, 2011 10:40:00 AM CDT June 01, 2011 in News
By: Josh Frydman
loading

JEFFERSON CITY - Just more than a week after a deadly tornado hit Joplin, the Missouri Public Service Commission and Missouri utility regulators approved an $18.7 million rate increase for the electric company that serves the Joplin area. The 4.7 percent rate increase granted Wednesday for The Empire District Electric Co. was not related to the tornado damage, but was the conclusion of a rate case that beginning in September.

Missouri Public Service Commission Chairman Kevin Gunn acknowledges the timing is horrible. But he says regulators felt compelled to grant the increase because representatives for the
utility and consumers agreed to it, and Joplin officials did not object. Much of the agreement was made before the tornado hit Joplin, and it was voted on and approved Wednesday. He says it largely reflects the cost of a new coal-fired power plant in the Empire District service area. Gunn added that while customers might have a slight increase in utility rates now, the coal power plant will serve as a long-term cheap energy solution and help customers ultimately save money in the future.

The rate increase will cost a typical residential customer $3.52 more per month for utilities. The hike will take effect as early as June 15.

The Empire District Electric company estimates the Joplin tornado caused $20-30 million in damage, wiping out 10 to 15 percent of its customers' electricity usage. Empire said it will continue looking for ways to recover these costs, including another potential rate increase in the future.

More News

Grid
List
(CNN) -- A federal judge in Texas said on Friday that the Affordable Care Act's individual coverage mandate is unconstitutional... More >>
18 minutes ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 8:12:00 PM CST December 14, 2018 in Continuous News
COLUMBIA - The South End Zone Project at Faurot Field is just over halfway through its construction timeline and people... More >>
4 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 >>
5 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 >>
5 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 >>
5 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 >>
6 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 >>
6 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 >>
7 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 1:22:59 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 >>
7 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 >>
8 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 >>
8 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 >>
10 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 10:15:10 AM CST December 14, 2018 in News
(CNN) -- President Donald Trump's former attorney and "fixer" Michael Cohen said his former boss knew that having Cohen arranging... More >>
10 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 9:44:00 AM CST December 14, 2018 in News
COLUMBIA - MU Professor Francis Huang wants schools to rethink suspensions and embrace a positive learning environment. Haung conducted... More >>
22 hours ago Thursday, December 13 2018 Dec 13, 2018 Thursday, December 13, 2018 10:10:00 PM CST December 13, 2018 in News
COLUMBIA- 20 bikes and helmets were donated to Columbia kids in time for the holiday season. Big Brothers Big... More >>
1 day ago Thursday, December 13 2018 Dec 13, 2018 Thursday, December 13, 2018 7:15:00 PM CST December 13, 2018 in News
COLUMBIA - The former chief financial officer for Columbia Public Schools was sentenced Thursday to five years probation. Anna... More >>
1 day ago Thursday, December 13 2018 Dec 13, 2018 Thursday, December 13, 2018 6:25:00 PM CST December 13, 2018 in News
JEFFERSON CITY - A Jefferson City teen has been charged in connection with a November fatal shooting. Bruce Thomas... More >>
1 day ago Thursday, December 13 2018 Dec 13, 2018 Thursday, December 13, 2018 6:07:00 PM CST December 13, 2018 in News
COLUMBIA - Some people who live near the intersection of Vandiver Drive and Parker Street just north of Interstate 70... More >>
1 day ago Thursday, December 13 2018 Dec 13, 2018 Thursday, December 13, 2018 4:33:00 PM CST December 13, 2018 in News
Columbia, MO
Broken Clouds 36°
9pm 38°
10pm 38°
11pm 37°
12am 37°