Missouri Legislature approves changes to electric rates

JEFFERSON CITY, Mo. — The Missouri Legislature has passed a measure that could allow the biggest electric companies in the state to recover more of their costs for infrastructure improvements from customers.

The bill, approved by the House Wednesday 125-20, affects the nearly 2 million people who use The Empire Electric District, Ameren Corp. and Kansas City Power & Light Co. across the state. Companies would be given more flexibility as to when and how they changed their rates, in response to declining electricity usage.

Proponents say this change will help modernize the state's electrical grid.

Opponents say this could dramatically increase what customers are paying.

The bill next goes to the governor.

___

The bill is SB 564

You may also like these

Australian Senate delivers $106 billion in income...

Jun 21, 2018

Australia's prime minister has won a political victory with the Senate passing personal income tax...

Australia awards UK's BAE $26 billion navy...

Jun 29, 2018

The Australian government says British defense company BAE Systems has won the contract to build...

Usain Bolt to make run at pro soccer in Australia

Jul 17, 2018

Trading spikes for boots, Usain Bolt ready to make run at pro soccer in Australia

Business groups appeal to China over...

Aug 12, 2016

A coalition of 46 business groups from the United States, Europe and Asia has appealed to China to...

Asian stocks mostly higher after Wall Street...

Aug 17, 2016

Asian stock markets were mostly higher Wednesday after Wall Street declined

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!