The Empire District Electric Company has filed a request with the Missouri Public Service Commission (MPSC) for changes in rates for its Missouri electric customers.
The company is seeking an annual increase in revenues of approximately $36.5m, or about 9.2%.
If approved, the residential customer charge will increase to $24 per month, and this along with the change in the usage charge will result in a total monthly increase of approximately $13.60 for a residential customer using 1,000kWh.
The company is asking to continue the use of the Fuel Adjustment Clause (FAC) that was previously approved by the MPSC.
The continuation of the FAC will allow the company to increase or decrease its electric rates twice each year on 1 June and 1 December to track the changes in the cost of fuel used to generate electricity and to track changes in the cost of electric energy it purchases on behalf of its customers.
The Empire District Electric Company is an investor-owned, regulated utility providing electricity, natural gas and water service to approximately 215,000 customers in Missouri, Kansas, Oklahoma and Arkansas.