Ameren Missouri is seeking approval from state regulators to raise electricity rates by almost 15 percent. Ameren President and CEO Warner Baxter said the company needs the additional $376 million to cover infrastructure upgrades and higher fuel costs.
"With this electric rate increase filing," he said, "we are simply seeking to recover the costs and investments we have made to meet our customers' expectations for a safe and reliable clean energy."
Ameren Missouri has filed a plan with the Federal Energy Regulatory Commission (FERC) ensuring that some 1600 homes at the Lake of the Ozarks are not threatened with removal.
The plan revises the shoreline boundary so that most of the homes are not encroaching onto land that is part of Ameren’s Bagnell Dam hydroelectric project. Concerns were raised in July when FERC ordered that structures may need to be removed if they encroach onto the project’s land.
Ameren Missouri is pledging to increase its energy efficiency programs starting in 2013.
The company's filing today with the Public Service Commission would represent a complete change of course for Ameren, which had cut its energy efficiency programs from $33 million in 2011 down to as low as $5 million this year.
Illinois regulators have given Ameren Corp. permission to raise natural gas rates by about $32 million but a watchdog group says it will appeal the decision.
The Illinois Commerce Commission said Wednesday that it will allow Missouri-based Ameren to raise its natural gas rates by 1.2 percent to 5.4 percent depending where customers live. They would go up starting later this month.
The Citizens Utility Board said Thursday it will appeal the decision.
Tests on infant formula find no trace of deadly bacteria
Illinois-based Mead Johnson says another batch of tests done on its Enfamil Premium Newborn infant formula found no trace of the bacteria tied to the death of a Missouri baby.
Preliminary hospital tests indicated 10-day-old Avery Cornett died Dec. 18 of a rare infection caused by bacteria known as Cronobacter sakazakii. The source of the bacteria hasn't been determined, but it can be found in powdered formula. Avery had consumed Enfamil Newborn formula.