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Learn the Issues Get the Facts
Single Issue Ratemaking
Single issue ratemaking is an unfair utility proposal whereby Missouri’s
public utilities are allowed to increase electric rates on Missouri
consumers through rate increase surcharges outside of the normal
ratemaking process. As fuel charges have increased on Ameren as on all
other consumers, for instance, Ameren has raised electrical rates via
fuel surcharge increases. Often, Ameren has imposed these fuel
surcharges even when their revenues are increase from other means such
as off system sales. The result is that, while all Missourians struggle
at times with increased fuel charges, only Ameren is able to pass those
increased costs on to hard working families. FERAF opposes single-issue
ratemaking for exactly these reasons.
Ameren Demands 18% Rate Increase
Missouri’s families and employers are struggling with a state
unemployment rate of nearly 10%. In the face of this struggle, rather
than tighten their belts like Missouri’s working families, Ameren is
demanding that the Missouri Public Service Commission (PSC), the
regulatory body responsible for policing the Ameren monopoly, allow
another Ameren rate hike which will:
- Raise electricity rates on Missouri’s
working families and employers by 18%.
- Result in an immediate
rate hike on Missouri’s electricity users. If
Ameren has their way, Missouri’s families and employers
will have their electricity rates raised immediately,
during one of the most difficult economic downturns
we’ve seen in decades.
- Allow Ameren to raise rates more frequently.
Despite the fact that they enjoy a monopoly, Ameren
isn’t content with its profits. Buried in the fine print
of of its 18% rate hike request is a plan to allow it to
raise rates on struggling Missouri families more often
through rate increase surcharges on customers’ electric
bills. If Ameren gets their way, Missourians would need
to be prepared for more frequent rate increases!
- Cause Missouri job losses.
Missourians are losing their jobs. Missouri businesses
are being forced to downsize in order to stay afloat.
Hiking rates on Missouri’s employers and small
businesses when they’re already struggling will force
many to lay off even more workers.
- Push already struggling Missouri families
into poverty. Rate increases will hurt
Missouri’s employers and small businesses but it will
hurt Missouri families even more. In this fragile
economy, thousands of families live on the brink of
financial disaster. Electric rate increases will cause
the number of Missouri families living in poverty to
increase.
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