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The Lake News Online
  • Ameren's proposed rate increase pays for cleaner energy

  • More than 30,000 lake-area customers could see higher costs for heating, cooling and electricity if the Missouri Public Service Commission agrees to the most recent rate increase filed by Ameren Missouri.
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      ELECTRIC RATES IN MISSOURI
      •Ameren Missouri has the lowest electric rates of any investor-owned utility in the state of Missouri and its electric rates are 16 percent below the averag...

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      So you know...

      ELECTRIC RATES IN MISSOURI

      •Ameren Missouri has the lowest electric rates of any investor-owned utility in the state of Missouri and its electric rates are 16 percent below the average of states in the Midwest.

      RISING FUEL COSTS

      •The cost for the fuel that Ameren Missouri uses to generate electricity continues to rise and is approximately half of the amount requested in the rate adjustment.

  • More than 30,000 lake-area customers could see higher costs for heating, cooling and electricity if the Missouri Public Service Commission agrees to the most recent rate increase filed by Ameren Missouri.
    Ameren announced in November 2013 it would file an electric rate adjustment request in July 2014 with the Missouri Public Service Commission. The rate case was officially filed last week.
    The proposal pays for cleaner energy and dependability upgrades to critical infrastructure in the state. The filing also addresses a significant increase in net fuel costs and major investments in renewable energy to serve customers, according to information provided by Ameren.
    “Our rate adjustment proposal is about the investments we are making on behalf of customers for cleaner air and renewable energy while upgrading outdated and aging infrastructure to create a more dependable grid,” said Warren Wood, vice president of external affairs and communication at Ameren. “Ameren Missouri has worked very hard to keep rates low by cutting costs, which is one reason why our electric rates are more than 16 percent below the average of Midwest states. We remain committed to spending dollars wisely to keep rates reasonable while maintaining the dependability Missourians deserve, which is currently in the Top 10 percent in the nation.”
    If approved, the average residential electric bill would increase by about $10 per month based on a typical customer’s usage of approximately 1,100 kilowatt-hours per month. If approved, it would be the second rate increase since 2013 when customers saw a similar hike in utility costs.
    If the rate increase is approved, customers will not see an increase until 2015. The rate case could take up to nearly a year.
    Ameren has made more than $3 million in infrastrucutre improvements at Lake of the Ozarks since 2012, including more than $1 million relocating utilities for the Highway 54 expressway project through Osage Beach as well as replacing and replenishing lines to provide more reliable service.
    Ameren serves customers in Eldon, Rocky Mount, Versailles, Lake Ozark, Osage Beach and into the Linn Creek area.
    WHERE THE MONEY IS BEING SPENT
    Key environmental and reliability components of the proposal include:
    •SOLAR POWER: More than $100 million for solar energy, including construction of a solar energy center (approximately $20 million) with 19,000 panels and a 5.7 megawatt capacity, and rebates ($92 million) that have been fully subscribed for residential and business solar.
    •CLEAN AIR EQUIPMENT: More than $150 million for new equipment at Labadie Energy Center in Franklin County to reduce emissions and make the air cleaner.
    •REPLACING OBSOLETE SUBSTATIONS: Approximately $100 million for new substations that power critical regional assets, including children's hospitals, medical centers, major employers, universities as well as police and fire stations.
    •CARBON-FREE ENERGY: Approximately $150 million to replace the reactor vessel head at Callaway Energy Center to ensure the continued safe and reliable operation of one of the country's top-rated carbon-free energy centers.
    Page 2 of 2 - All of these initiatives have been or are scheduled to be completed by the end of 2014. Investment costs are estimates.

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