Category: Utilities

Will a governor’s scandal upend ratemaking reform?

Each of the past two years, a filibuster by a few state senators in the final days of the legislative session stymied a utility-backed ratemaking bill in Missouri. This year, the utility bill survived a 22-hour Senate filibuster in February (Energywire, Feb. 12). Now the question is what happens in the final days of a legislative session that has been consumed by the scandal enveloping Gov. Eric Greitens (R). Greitens goes on trial Monday in St. Louis on felony invasion of privac ...

Utilities and Opponents are Playing Hardball with Rate Reform

by the Editorial Board for the St. Louis Post-DispatcthAmeren Missouri’s cherished rate-reform bill, which has sat dormant in the Missouri House since being passed by the state Senate in mid-February, is meeting 11th-hour challenges — and a threat to force full disclosure of all the money spent to pass it. Missouri consumers’ best hope is for Senate Bill 564 to die before the legislative session ends May 18.Groups representing both residential and large industrial power users have ...

Gas Rates Go Down and Low Income Residents Get Bill Assistance.

For Immediate Release Contact: Cara Spencer, executive director of Consumers Council of Missouri 314-556-7379   Gas Rates Go Down and Low Income Residents Get Bill Assistance. Jefferson City -- The Missouri Public Service Commission just approved Spire’s new natural gas rates – effective April 19 – and your monthly gas bill will actually decrease, with the savings varying cross the state. Last year, Laclede Gas Company (Spire’s Eastern Missouri territory) requested an inc ...

Consumer Groups Concerned about Rate Mechanisms

Consumer groups are concerned with new rate increase mechanisms proposed in legislation before the Missouri Senate. http://stlouis.cbslocal.com/2018/01/23/ameren-seeks-support-for-plan-that-would-change-way-rate-hikes-approved/ ...

CCM calls for reduction in utility rates after massive drop in corporate taxes.

Consumers Council of Missouri wants swift attention paid to the new corporate tax rate, which has fallen this year from 35%-to-21% and will bring massive savings to the state’s investor utilities. The watchdog group says the companies will realize hundreds of millions of dollars in extra money if utility rates continue to be calculated based on the 35% rate.  Consumers Council notes electric companies in Massachusetts, Illinois, Oregon, Arizona and other states have announced pl ...

Corporate Tax Break Reduces Utility Bills in Many States, MO?

JEFFERSON CITY / ST. LOUIS -- January 22, 2018 Consumers Council of Missouri is calling for the state of Missouri to take swift action to evaluate and the pass through to consumers the hundreds of millions of dollars utility companies will enjoy following the passage of the new tax law. Current utility rates are calculated based on a corporate tax of 35%, a rate which was just dropped by a whopping 40%.   Electric companies in Massachusetts, Illinois, Oregon, Arizona  ...

Federal Tax Cut Should Benefit Consumers or Investors?

For most companies, the big federal tax cut flows straight to the bottom line. When it comes to regulated utilities, however, should the windfall go to consumers or investors? http://www.stltoday.com/business/columns/david-nicklaus/utilities-can-t-keep-their-corporate-tax-cut-the-money/article_942e9b70-4b50-5b27-928b-96bb348f557d.html ...

Economic Development: Driven by Ratepayers

#MOLEG Special Session: an economic development package paid for by utility ratepayers. “What passed in the special session was an economic development package on the backs of ratepayers,” the Consumers Council of Missouri, a consumer advocacy nonprofit, said in a statement. “What worries us is the 10-year rate clause, allowing the Public Service Commission to set rates for 10 years that would disable future commissions from revisiting those special rates.” http://www.bizjourna ...

Household Energy: Not a luxury.

Cara Spencer of the Consumers Council of Missouri said even small increases in utility prices could affect poorer residents. “Household energy is not a luxury. What we’re looking at here is a tax increase,” Spencer said. Greitens dismissed those concerns while speaking to reporters Tuesday. Read more here. ...

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