The Empire District Electric Company Announces Impact of New Missouri Electric Rates.JOPLIN, Mo. -- 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 announced the estimated impact of new rates in the order issued by the Missouri Public Service Commission (MPSC MPSC Michigan Public Service Commission MPSC Missouri Public Service Commission MPSC Mississippi Public Service Commission MPSC Maryland Public Service Commission MPSC Maharashtra Public Service Commission MPSC Microsoft Partner Solution Center ) on December 21, 2006. The order issued by the MPSC allows for an annual increase in electric rates of approximately $29.4 million, or 9.96 percent, including the amortization component. The new rates could become effective as early as January 1, 2007, and will result in a monthly increase of approximately $8.20 for a residential customer using 1,000 kilowatt hours of electricity. Based in Joplin, Missouri, The Empire District Electric Company (NYSE: EDE) is an investor-owned, regulated utility providing electricity, natural gas (through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. The Empire District Gas Company) and water service, with approximately 215,000 customers in Missouri, Kansas, Oklahoma and Arkansas. The Company also provides fiber optic, Internet, and customer information software services. Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from liability established by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements address future plans, objectives, expectations, and events or conditions concerning various matters. Actual results in each case could differ materially from those currently anticipated in such statements, by reason of the factors noted in our filings with the SEC, including the most recent Form 10-K and Form 10-Q. |
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