The Missouri Senate has been up all night trying to ram through Senate Bill 564 .Some facts about SB 564 as it stands today…
SB 564 a bill that would dramatically raise household electric rates by up to 20%. The so-called “rate caps” are phony and will not protect consumers.
SB 564 would mandate a retroactive accounting method for bonus electric rate increases (PISA). This PISA method that has been rejected by the MO PSC, and has not been allowed in any state jurisdiction in the nation!
SB 564 is opposed by small consumers and large industrial electric customers. But any percentage impact would be much, much, greater upon normal residential households.. . since the legislation also includes a subsidy for the biggest customers, at the expense of normal residential households.