State will investigate Ameren's electric rates
Jefferson City, MO – The Missouri Public Service Commission said Thursday it will investigate whether Ameren is charging fair rates for its electricity.
The regulatory agency says there is no evidence that Ameren is charging unfair rates, but more research will help make a conclusive judgment on the matter.
The PSC investigation comes just one week after Ameren informed the state it will seek a rate increase in July. The company has been under a rate freeze since 2002 because of a settlement with the PSC.
Ameren lost a major source of profit last year when its Taum Sauk reservoir collapsed. The company says its desire for a rate increase is unrelated to the accident.