Nixon Appeals Ameren Rate Increase

1 decade 2 years 4 months ago Monday, July 16 2007 Jul 16, 2007 Monday, July 16, 2007 11:20:44 AM CDT July 16, 2007 in News

According to a press release from the attorney general's office, the rate increase was awarded by the Missouri Public Service Commission (PSC) to St. Louis utility Ameren corporation on May 22. The PSC rejected Nixon's application to rehear the case on June 28. After Ameren filed its initial rate increase of $361 million, Nixon's office conducted an audit that revealed areas where Ameren made omissions or improper accounting proposals or overstated costs in the company's request for the rate increase, which would have been a state record. Although Ameren received an increase less than what was requested, Nixon still says it is unacceptable to consumers.

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