Missouri regulators approve electricity price jump in Joplin area
Wednesday, June 1, 2011 | 12:14 p.m. CDT;
updated 1:05 p.m. CDT, Wednesday, June 1, 2011
JEFFERSON CITY — Just over a week after a deadly tornado hit Joplin, Missouri regulators have approved an $18.7 million rate increase for the electric company that serves the area.
The 4.7 percent rate increase granted Wednesday for The Empire District Electric Co. was not related to the tornado damage but was the conclusion of a rate case that began last fall.
Missouri Public Service Commission Chairman Kevin Gunn acknowledges the timing is horrible, but he said regulators felt compelled to grant the increase because representatives for the utility and consumers agreed to it, and Joplin officials did not object. He said it largely reflects the cost of a new coal-fired power plant.
For a typical residential customer, the monthly increase will be about $3.52.
Like what you see here? Become a member.
Report corrections or additions here. Leave comments below here.
You must be logged in to participate in the Show Me the Errors contest.
Leave a comment
Speak up and join the conversation! Make sure to follow the guidelines
outlined below and register with our site.
You must be logged in to comment. (Our
full comment policy is here.)
- Don't use obscene, profane or vulgar language.
- Don't use language that makes personal attacks on fellow commenters or
discriminates based on race, religion, gender or ethnicity.
- Use your real first and last name when registering on the website. It will
be published with every comment.
(Read why we ask for that here.)
- Don’t solicit or promote businesses.
We are not able to monitor every comment that comes through. If you see
something objectionable, please click the "Report comment" link.
You must be logged in to comment.