ST. LOUIS, Mo. (KMOX) – How would you feel about paying Ameren Missouri another $14 a month? That’s the question at the heart of public hearings set for today and tomorrow around the area.
Ameren says it needs the $376 million to help pay for infrastructure investments — new poles , wires and other new equipment. But attorney John Coffman represents the Consumers Council of Missouri and AARP says, Ameren has been racking up rate hikes amounting to 36 percent over the past four years.
“They’re currently allowed a 10.2 percent ROE (return on equity of profit). They’re asking for an increase in that to 10.75 percent.” Coffman went on to say seniors on a fixed income can only hope to get that on much of their investments. “Its very difficult to take increases one right after another.”
The public hearings are set for noon today in the St. Charles county administrative building, and 6 p.m. at the Arnold City hall.
Two more hearings are set for Thursday. In south St. Louis county at noon in the Holiday Inn on South Lindbergh Boulevard, and in north St. Louis County at the Wohl Community Center on 1515 North Kingshighway at 6 p.m.
Click here for more information on scheduled public hearings.