“The company [Ameren] added that higher net fuel costs for power plants account for about $70 million, or 25%, of the company’s requested rate hike.” Do you get to demand a pay raise when gas prices go up? Or, is this just an unfair advantage of Ameren’s virtual monopoly!?
Posted on Sep 03, 2010 in News
AmerenUE files $263 mil, or 11%, rate hike request in Missouri
Ameren’s Missouri utility subsidiary AmerenUE Friday asked the state’s Public Service Commission to approve a $263 million rate increase to recover investments it made in infrastructure and environmental projects, the St. Louis-based company said Friday.
The company said the rate hike would raise electricity costs by about 11% across all customer classes.
Ameren said about $200 million of the requested rate hike is attributable to energy infrastructure investment, environmental controls and other reliability-related costs. Of that amount, $110 million is related to the company’s $600 million project to install two scrubbers to reduce emissions at its Sioux coal-fired power plant.
The company added that higher net fuel costs for power plants account for about $70 million, or 25%, of the company’s requested rate hike.
The utility in a statement said it “understands that this electric rate increase, coupled with the challenging economy, will create a hardship for some of its customers,” adding that it is taking several “proactive steps” to help customers with “future bills by reducing its costs and providing energy efficiency and energy assistance programs.”
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/HeadlineNews/ElectricPower/6418776/
