Regulators poised to grant Ameren rate increase

Regulators poised to grant Ameren rate increase
By: Associated Press
JEFFERSON CITY, Mo. -- Electric customers of AmerenUE could soon be paying more.
The Missouri Public Service Commission is expected to grant a rate increase to the St. Louis-based utility. The vote could come as soon as Tuesday.
If commissioners follow a scenario they outlined, Ameren's revenues would rise by about $45-million annually. That would result in a 3.4% rate increase for the average residential customer.
Ameren is Missouri's largest electricity provider, serving 1.2-million customers.
The rate increase would fall significantly short of the $361-million originally sought by Ameren. By contrast, staff for the Public Service Commission originally recommended a $168-million decrease.
(Copyright 2007 by The Associated Press. All Rights Reserved.)