Possible Ameren Rate Hike

1 decade 2 years 5 months ago Tuesday, May 22 2007 May 22, 2007 Tuesday, May 22, 2007 4:15:31 AM CDT May 22, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)

JEFFERSON CITY (AP) - Electric customers of Ameren-UE could soon be paying more. The Missouri Public Service Commission is expected to grant a rate increase to the St. Louis-based utility. The vote could come as soon as Tuesday.  If commissioners follow a scenario they outlined, Ameren's revenues would rise by about $45 million annually. That would result in a 3.4% rate increase for the average residential customer.  Ameren is Missouri's largest electricity provider, serving 1.2 million customers.  The rate increase would fall significantly short of the $361 million originally sought by Ameren.  By contrast, staff for the Public Service Commission originally recommended a $168 million increase.

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