Mo. utility measure includes expense tracking

Mar 4, 2013

Missouri power companies would track costs for operations and maintenance for their next rate case under proposed state legislation.

The new tracker would be used to compare the difference between the costs factored into electric rates and the expenses actually incurred. The differences would be included in the calculation for electric rates when the utility files its next case with the Public Service Commission.

Consumer advocates contend it would eliminate the incentive for power companies to control costs. Supporters say it would boost transparency and show how utilities are spending their money.

The tracker is part of broader utility legislation. The House Utilities Committee held a public hearing on the legislation this past Wednesday and could consider it again this upcoming week.