Wednesday, 13 March 2013 02:55
Consumer groups argue against infrastructure surcharge for Ameren
Ameren doesn't need an infrastructure surcharge. That's according to consumer advocacy groups which point to the utility's own financial data as proof.
The Consumer Council, a nonprofit consumer advocacy group, is arguing against passage of Missouri Senate Bill 207 that would allow Ameren to establish a surcharge in order to generate millions of dollars for infrastructure improvements.
Consumer groups argue that the extra revenue isn't needed since the utility earned well above it's authorized return limits in 2012. They also point to a $263 million rate increase that took effect in January.
Ameren officials say the higher than expected profits last year were due to unusual circumstances, like the extra-hot summer, and weren't enough to cover needed infrastructure improvements.
The Consumer Council, a nonprofit consumer advocacy group, is arguing against passage of Missouri Senate Bill 207 that would allow Ameren to establish a surcharge in order to generate millions of dollars for infrastructure improvements.
Consumer groups argue that the extra revenue isn't needed since the utility earned well above it's authorized return limits in 2012. They also point to a $263 million rate increase that took effect in January.
Ameren officials say the higher than expected profits last year were due to unusual circumstances, like the extra-hot summer, and weren't enough to cover needed infrastructure improvements.
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