FERAF releases statement on Ameren proposed rate increase

(KFVS) - The Fair Energy Rate Action Fund (FERAF) released a statement on Saturday about Ameren's proposed electric bill rate increase.

According to a press release from FERAF, Ameren is using legislation passed in 2005 to change the way customers are traditionally charged for their electric use.

The release goes on to say that Ameren is asking Missouri legislators to change state law to allow utilities to add a $51 million surcharge to electric bills.

The official statement from FERAF reads:

"This shows how out of touch monopoly electric company executives are with common sense Missourians. Ameren already profited $80 million more from customers than regulators authorized in 2012. Now Ameren is asking to take an additional $51 million out of ratepayers' pockets on the heels of five enormous rate increases," said Chris Roepe director of FERAF. "Unfortunately Ameren is using a law passed in 2005 to place this surcharge on the electric bills of Missouri families and small businesses. That should be reason enough that lawmakers should oppose Ameren's proposed legislation to authorize an even more expensive surcharge to Missourians' electric bills. Our economy will suffer if utilities like Ameren continue to have a blank check to raise our utility bills."

Copyright 2013 KFVS. All rights reserved.