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On June 28, Ameren Missouri filed with the Missouri Public Service Commission (PSC) a request to adjust its electric base rates next summer. The new rates would take effect in mid-2025 to recover the costs of major electric system upgrades as well as cleaner electricity generation investments to ensure the system remains reliable and resilient for customers.
"The grid and generation upgrades we are making as part of Ameren Missouri's Smart Energy Plan are improving customer reliability," said Mark Birk, chairman and president of Ameren Missouri, a subsidiary of Ameren Corporation (NYSE:AEE). "We've experienced several severe storms across our service territory over the last year and a half, and the system has performed well. Our storm hardening and smart technology efforts have saved nearly 91,000 customer outages and 36 million outage minutes from January 2023 through the end of May 2024."
Over the next 11 months, the filing will be carefully reviewed by the PSC and other stakeholders. If the request is approved by regulators, the rate adjustment in mid-2025 would cost an average residential electric customer with 1,011 kilowatt-hours of usage about $17 a month. Today, residential rates for Ameren Missouri customers are approximately 28% below Midwest and national averages, according to the Edison Electric Institute Typical Bills and Average Rates Report through June 30, 2023. Ameren Missouri rates will remain well below these averages even if this request is approved.
Posted In: AEE
