Missouri PSC Approves Rate Reduction Agreement

Low Income Get $13 Million for Rate Assistance and New Energy Efficiency  Program

The Missouri Public Service Commission has approved an agreement which calls for an electric rate reduction which is among the largest in state history. Over the next three years, electric rates for AmerenUE's 1.1 million electric customers will drop by increasing amounts reaching approximately $110 million on an annual basis. In addition, there will be a one-time bill credit totaling $40 million as well as customer-assistance programs that are funded solely by AmerenUE's shareholders.

Under the agreement, approximately $13 million will fund low-income customer programs over a four-year period. AmerenUE shareholders will make an initial contribution of $5 million to the Dollar More Program, which is designed to help low-income customers pay their electric bills. An additional $1 million will be contributed to this program on June 30th of each year through June 2006, for a total contribution of $9 million.

A new low-income weatherization program will be funded under this agreement with an initial contribution of $2 million. An additional contribution of $500,000 a year for the next four years will bring the total to $4 million.

Page Last Updated: December 7, 2005