Public Service Commission approves new electric rates for Ameren
Ryan Shiner
COLUMBIA, Mo. (KMIZ)
The Missouri Public Service Commission on Wednesday approved two agreements that set new electric rates for Ameren Customers, according to a press release from the PSC.
The PSC approved two unopposed agreements that will increase Ameren Missouri’s rates by $355 million, which is $91 million less than Ameren’s original request, the release says. Previous reporting indicates that Ameren sought a 16% rate hike.
Ameren has 1.2 million electricity customers in Missouri.
The release says that the monthly customer charge of $9 will not be increased. Both sides also agreed to amounts and terms for several low-income programs, s including the Keeping Current and Keeping Cool program, the New Start program, the Critical Needs program, and the Low-Income Weatherization program, the release says.
“Under the agreement approved by the Commission, Ameren Missouri agreed to not seek ratepayer recovery of amounts for mitigation ordered in federal litigation regarding Ameren Missouri’s Rush Island Energy Center’s air pollution. Ameren Missouri will continue its Fuel Adjustment Clause, which allows Ameren Missouri to adjust its rates up or down based upon the cost of fuel,” the release says.