Category: Utilities

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. ...

MOLEG Special Session:

MO lawmakers convene in special session starting today... at the expense of electric utility ratepayers. Read more here.   ...

A Special Session Just for Ameren

Want a major shift in electrical costs from its biggest users to much smaller, and powerless consumers? That's what #MOLEG is doing in the special session they've called. Tell your representative to VOTE NO. They are up against a powerful utility lobby with only a handful of us on the other side. Consumer   http://www.stltoday.com/news/local/columns/tony-messenger/messenger-greitens-calls-out-career-politicians-takes-one-to-know/article_9ca10d8b-84b4-5407-826 ...

Special Session for Higher Utility Rates?

Under the governor’s leadership, the state of Missouri is gearing up to spend tens of thousands of dollars a day to hold special session. The main goal appears to tax households to subsidize big corporations. Read more here. ...

Ameren prices go DOWN.

Lower electric prices for Ameren Missouri customers this week. Kudos to our Public Service Commission! More here. ...

Public Service Commission Stands Up for Consumers

Ameren announced plans last year to string six electric vehicle charging stations between St. Louis and Jefferson City. The pilot project was intended to gauge whether the effort would help boost the number of electric vehicle drivers in surrounding counties, relative to other areas. Seems like a good idea. One snag: Ameren, a monopoly utility company, would be able to recover the cost of building those stations by spreading the costs across their base of residential consumers. ...

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