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July 3, 2014
14:07 EDTAEEAmeren files request with MoPSC seeking approval to increase revenues by $264M
On July 3 Ameren Missouri filed a request with the Missouri Public Service Commission, or MoPSC, seeking approval to increase its annual revenues for electric service by $264M. The rate request seeks recovery of increased net energy costs and rebates provided for customer-installed solar generation, as well as recovery of and a return on additional electric infrastructure investments made for the benefit of Ameren Missouriís customers. Gross plant additions since the last rate order total $1.4B. The rate request includes $127M related to an increase in net energy costs above the net energy costs included in base rates previously authorized by the MoPSC in its December 2012 electric rate order. The electric rate increase request is based on a 10.4% return on equity, a capital structure composed of 51.6% equity, an electric rate base for Ameren Missouri of $7.3B, and a test year ended March 31, with certain pro-forma adjustments expected through the anticipated true-up date of December 31. The MoPSC proceeding relating to the proposed electric service rate changes will take place over a period of up to 11 months and a decision by the MoPSC in such proceeding is expected by May 2015 with rates effective in June 2015.
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