This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Empire District Electric Company Files For New Missouri Electric Rates

The Empire District Electric Company (NYSE:EDE) announced today it 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 base rate revenues of approximately $30.7 million. The Fuel Adjustment Clause revenue will decrease $8.6 million resulting in a net impact to customers of $22.1 million, or about 5.3 percent. If approved by the MPSC, a residential customer using 1,000 kilowatt hours would see a monthly net increase in rates of about $6.60.

Empire is asking to recover:

Operation and maintenance expenses and capital costs associated with the May 22, 2011, tornado recovery, as well as cost of service post tornado.

Southwest Power Pool transmission charges. The Federal Energy Regulatory Commission has encouraged the addition of new transmission lines within the Southwest Power Pool (SPP) to improve the region's transmission system and make it more robust. As a member of SPP, Empire is allocated a portion of the costs.

Operating systems replacement expenses. Empire is installing new software systems. These systems were required as the existing systems approached the end of their useful lives and vendor support is no longer offered.

Vegetation management costs. The Missouri Public Service Commission has established rules governing vegetation management requiring Empire to inspect and trim trees every four years in urban areas and every six years in rural areas. Since 2006, outages due to vegetation in primary distribution lines have decreased by over 63 percent.

New depreciation rates. The change in ongoing depreciation expense includes the recovery of increased depreciation expense on Empire's Riverton units 7 and 8 due to their retirement as a result of new Environmental Protection Agency (EPA) standards.

The Company is also asking to continue the use of the Fuel Adjustment Clause (FAC). The continuation of the FAC will allow the Company to adjust customers’ bills twice each year, on June 1 and December 1, based on the varying costs of fuel used to generate electricity at the Company’s generating units and electric energy the Company purchases on behalf of its customers.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,734.86 +104.59 0.59%
S&P 500 2,105.16 +11.91 0.57%
NASDAQ 5,102.8630 +13.6570 0.27%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs