FOR IMMEDIATE RELEASE -- February 27, 2013
Contact: Kevin Kelly (573) 751-9300
Unanimous Agreement Reached In Empire District Electric Company Rate Case Approved
JEFFERSON CITY---The Missouri Public Service Commission has approved a unanimous agreement reached by parties in an electric rate case filed by The Empire District Electric Company (Empire) with new rates expected to take effect on April 1, 2013. The Commission’s vote today was 5-0.
The unanimous agreement approved by the Commission was filed by the Office of the Public Counsel, the state’s utility consumer advocate, Empire, the Staff of the Missouri Public Service Commission, the Missouri Department of Natural Resources, the Midwest Energy Users’ Association and the Midwest Energy Consumer’s Group.
“We approved the agreement today because it was unanimous in nature including the support of the consumer advocate,” said PSC Chairman Kevin Gunn. “Parties agreed Empire should receive a rate increase and parties asked that the Commission approve the agreement with an effective date of April 1, 2013.”
The unanimous agreement calls for an electric rate increase of approximately $27.5 million. Under the agreement, a residential customer using approximately 1,000 kWh per month will see an increase of approximately $7.74 per month. As part of the agreement, Empire will not implement a general rate increase prior to October 1, 2014.
When The Empire District Electric Company filed its rate request with the Public Service Commission on July 6, 2012, it sought to increase annual electric operating revenues of approximately $30.7 million.
The Empire District Electric Company serves approximately 149,500 electric customers in the Missouri counties of Barry, Barton, Cedar, Christian, Dade, Dallas, Greene, Hickory, Jasper, Lawrence, McDonald, Newton, Polk, St. Clair, Stone and Taney.