Aquila Seeks Rate Increase

Electricity and natural gas service provider Aquila ( ILA) said Monday it filed a request with Missouri Public Services Commission to increase electrical rate at its Missouri Public Service and St. Joseph Light & Power units.

The company requested a $94.5 million, or 22%, increase at its Missouri Public Service region, which it said would increase the monthly bills, for typical residential customer using 1,000 kilowatt-hours of electricity a month, by $21.19.

For the company's St. Joseph Light & Power unit, it requested an increase of $24.4 million, or 22.1%, which would result in an increase of $16.09 a month for typical residential customers.

The Kansas City, Mo.-based company said that the reason for the request include increasing prices in the natural gas and coal markets, increased customer usage and continued customer growth.

This story was created through a joint venture between TheStreet.com and IRIS.

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