Missouri’s largest power company is seeking approval for a $264 million rate increase.
Ameren Missouri is requesting a 23-million-dollar increase in the line on your bill labeled – fuel adjustment charge.
The 51 million dollar rate hike would raise the average residential customer’s bill more than six dollars a month.
Laclede says the increase would raise the average residential customer’s bill by $4.93 per month.
The rate increase approved Wednesday could mean an extra $10 a month on an average residential bill when it takes effect in January.
Hearings set for today and tomorrow in St. Louis County.
“This isn’t a city issue or a county issue, its a community issue,” explains MSD spokesman Lance LeComb
The process takes 11 months and the new rates would not take effect until early 2012.