Empire District proposes rate increase for Missouri electric customers.JOPLIN, Mo.--(BUSINESS WIRE)--Aug. 30, 1996--The Empire District Electric Company (NYSE NYSE See: New York Stock Exchange :EDE E·de A city of western Nigeria northeast of Ibadan. A center of Yoruba culture, it is in a cocoa-growing region. Population: 248,000. ) today filed a general rate request with the Missouri Missouri, state, United States Missouri (mĭz  r`ē, –ə), one of the midwestern states of the United States. Public Service Commission for new Missouri electric rates. Earlier this month, the company announced a filing for interim rate relief to recover expenses associated with the cost of fuel, namely natural gas, and purchased power. Fuel and purchased power account for approximately 35 percent of the company's expenses and have increased significantly since the company's last rate case. On Aug. 23, 1996, the commission notified the company that it had rejected the company's interim request. The commission advised the company that an interim rate request cannot be considered without a pending general rate case. "The general case we filed today contains a request for interim rates to cover the fuel and purchased power expenses," explained Myron McKinney, executive vice president, commercial operations. "This case also covers the expenses for plant and equipment installed to serve our growing customer base, including the second combustion combustion, rapid chemical reaction of two or more substances with a characteristic liberation of heat and light; it is commonly called burning. The burning of a fuel (e.g., wood, coal, oil, or natural gas) in air is a familiar example of combustion. turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. that will be installed at the State Line Plant by June 1997." For a residential customer using 700 kilowatt-hours per month, the proposed change would mean an increase of about $6.85 per month. This would increase annual revenue by approximately $23,438,000, or 13.8 percent. The Empire District Electric Company is an investor-owned utility providing electric service to 99,088 residential, 18,006 commercial and 269 industrial customers in southwest Missouri. The company also provides electric service to customers in southeast Kansas Southeast Kansas is a region of the U.S. state of Kansas. It can be roughly defined by Woodson County in the northwest, Bourbon County in the northeast, Cherokee County in the southeast, and Montgomery County in the southwest. , northwest Arkansas and northeast Oklahoma. CONTACT: The Empire District Electric Company, Joplin Amy Bass, 417/625-5100 |
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