Utility companies not allowed to raise rates because of fuel costs
From Missouri Digital News: https://mdn.org
MDN Menu

MDN Home

Journalist's Creed

Print

MDN Help

MDN.ORG: Missouri Digital News
MDN Menu

MDN Home

Journalist's Creed

Print

MDN Help

MDN.ORG Mo. Digital News Missouri Digital News MDN.ORG: Mo. Digital News MDN.ORG: Missouri Digital News
Lobbyist Money Help  

Utility companies not allowed to raise rates because of fuel costs

Date: September 22, 2006
By: Robbie Fisher
State Capitol Bureau

Intro: Utility companies will not be allowed to raise their rates at their discretion to cover rising fuel costs. Robbie Fisher has more from the Capitol.

RunTime:
OutCue: SOC

Public Service Commission Chairman Jeff Davis said the commission's decision does not automatically authorize automatic rate increases.

Instead, he says the commission agreed to let utility companies apply for automatic rate increases to reflect rising fuel costs.

 

Actuality:  DAVIS1.WAV
Run Time: 00:12
Description: "This is nothing more than a tool for this commission to help us set the right price for fuel in the context of these rate cases."

The rate case process will allow the commission to measure what the actual cost of fuel is for the utility company and determine what a fair price for the surcharge would be, if one is deemed necessary.

For several years, federal law has provided a similar rate adjustment for natural gas suppliers.

soc