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Residents who are concerned about a hike in their electric rates by Ameren Missouri can let the Public Service Commission (PSC) know about their concerns at noon, January 5, at the Holiday Inn, 10709 Watson in Sunset Hills.
Earlier in 2014, Ameren Missouri filed an electric rate request with the PSC seeking to increase annual electric revenues by approximately $264 million (an almost 10 percent increase).
Ameren Missouri’s rate filing also included a request to continue its fuel adjustment clause reflecting changes in the cost of fuel used to generate electricity on customers’ bills, through a separately-identified surcharge or credit outside a general rate case.
According to consumer groups, the Ameren request would translate into about a $10 per month hike in bills for the average household. They point out that the utility’s overall rates have increased by about 42 percent over the last several years. Rates will have risen by 50 percent since 2006, if the current request is granted in full.
In a prepared statement, Ameren Missouri said it looks forward to explaining why it’s investing in cleaner air and in renewable energy, such as wind and solar. The company said it also needs increased funding to improve the electric grid so it is more dependable for state residences and businesses.
Officials with Consumers Council of Missouri are concerned the timing of the hearings, such as the one in Susent Hills, will hinder feedback because it comes at mid-day around the holiday period.
Fair Energy Rate Action Fund for Missouri has concerns about the timing of the hearings, as well as the size and number of hikes in rates that have occurred since 2006.