Ameren Missouri electric rates to decrease 6 percent - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Ameren Missouri electric rates to decrease 6 percent

Missouri customers of Ameren Missouri will see a drop in their electric rates beginning Aug. 1. (Source: Ameren Missouri) Missouri customers of Ameren Missouri will see a drop in their electric rates beginning Aug. 1. (Source: Ameren Missouri)

JEFFERSON CITY, Mo. (AP) - Missouri customers of Ameren Missouri will see a drop in their electric rates beginning Aug. 1

The Missouri Public Service Commission has approved an agreement which reduces the electric revenues for the utility by about $166.5 million, 6 percent.

Under the new rates, a residential customer using 1,000 kilowatts a month would see a rate decrease of about $6.21 a month.

The Jefferson City News-Tribune reports that commission said the reduction reflects a lower corporate tax rate, which dropped from 35 percent to 21 percent after federal tax cuts enacted by the Trump administration last year.

The PSC opened a case June 6 under a state law that gives the commission a one-time authority to adjust electric rates of certain electrical corporations in light of the federal tax adjustments.

Information from: Jefferson City News Tribune, http://www.newstribune.com

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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