Category: Utilities

Activist Shareholders Make Headway Questioning Ameren’s Political Activities

St. Louis Post-Dispatch, April 24, 2014 Ameren shareholders Thursday voted down two proposals offered by activist shareholders, but the measures still drew significant support from investors at the company’s annual shareholders meeting. The board of directors at the St. Louis-based power company had recommended that the two proposals be rejected. The first proposal, which would have required Ameren’s chairman be an independent member of the board of directors, was backed by ...

Consumer Groups Back Noranda in Fight with Noranda Over Electric Rates

St. Louis Post-Dispatch, March 31, 2014 A dispute between a major employer in the Missouri Bootheel region and St. Louis-based Ameren Corp. is commanding attention from consumer groups, cities and even the world’s largest retailer, creating unusual alliances in the process. Noranda Aluminum Holding Corp., which operates a smelter in New Madrid that employs 888 people, is seeking sharply lower electric rates, something it says it needs to preserve jobs in an economically depress ...

Consumers Assert Ameren Profitted Millions More Than It Should Have

St. Louis Post-Dispatch, March 25, 2014 Ameren Missouri’s largest customer says the utility earned $44.6 million more than legally allowed from October 2012 through September 2013, according to documents unsealed Tuesday. Noranda Aluminum Holding Corp., which operates a smelter in New Madrid, last month filed a complaint against Ameren with the Missouri Public Service Commission, saying the utility made more money than it was allowed. The amount, though, was unknown until ...

Editorial: PSC Needs to Put Gluttonous Giants on a Diet

St. Louis Post-Dispatch, March 8, 2014 To understand the latest dispute between Ameren Missouri and its biggest electricity customer, Noranda Aluminum, think about pie. Ameren, the investor-owned monopoly utility company, is always hungry. It likes pie. When Ameren wants to charge more for the electricity you use, it asks the Public Service Commission for more pie. Over the past six years, Ameren has been gluttonously successful in grabbing a 43 percent bigger pie. When ...

Missouri Gas Energy Seeks Rate Increase of $23 Million in Kansas City Monthly Fee

Fox 4 News WDAF-TV Kansas City, February 24, 2014 Missouri Gas Energy wants a $23 million rate hike. It says the increase is needed to help with pipeline and service line costs, lines that bring warmth to homes and business.  The energy company says if the Missouri Public Service Commission grants its request, residential customers will pay an extra $2.33 a month.  That's money some customers believe is not just to build pipelines but to line the pockets of company executives. ...

Laclede Group Completes Deal for Purchase of Missouri Gas Energy

The Motley Fool, September 3, 2013 After receiving approval on July 17 from the Missouri Public Service Commission, Laclede Group (NYSE: LG) announced today it has completed the $975 million acquisition of Missouri Gas Energy, or MGE, from a subsidiary of master limited partnership Energy Transfer Partners (NYSE: ETP). The deal became final September 1, according to Laclede's statement, and will be accretive to fiscal 2014 net earnings. With the acquisition complete, Laclede ...

Fuel Surcharge Increases KCP&L Bills

Liberty Tribune, August 31, 2013 The Missouri Public Service Commission has approved a request filed by KCP&L-Greater Missouri Operations Co. to change the fuel-adjustment charge on the monthly bills of its electric customers. The FAC change reflects fuel and purchased power costs during the six month period December 2012 through May 2013. It also reflects the company’s annual FAC true-up. In that filing, GMO stated the true-up reflects an under-collection of approximatel ...

Gas Rate Freeze Deal Good for Consumers

St. Louis Post-Disptach, July 3, 2013 Laclede Gas Co. would not raise natural gas delivery rates for St. Louis area customers for at least two years under an agreement submitted this week to help the utility win approval of its $975 million purchase of Missouri Gas Energy. The 43-page agreement, filed Tuesday with the Public Service Commission, was signed by Laclede, the Missouri Office of Public Counsel, the PSC staff and several other parties. [CCM note: The agreement inclu ...

Response: Lifeline Phones Fulfill Name, But Program Needs Better Oversight

Commentary in The Beacon, July 22, 2013 Many challenges face the future of the Universal Service Fund Lifeline telephone program, which extends affordable, discounted telecommunication service to elderly people, people with low incomes or disabilities, and those receiving government assistance. It has been successful in connecting and keeping millions of customers on the telecommunications network and thereby linked to 21st century life. Unfortunately, Lifeline, as with many ...

Ameren Missouri Ordered To Refund $26.3 Million on Customers’ Bills

Associate Press, August 1, 2013 JEFFERSON CITY, Mo. • State regulators have determined that Ameren Missouri owes its electric customers slightly more than $26 million for failing to include some revenue in its calculations. The Missouri Public Service Commission on Wednesday approved an order for the St. Louis-based company to refund the money to customers. But Ameren Missouri won't be sending out checks. Instead, the $26.3 million will be applied by adjusting a fuel charg ...

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