Ameren Missouri customers can expect to see a slightly lower bill after state regulators determined the utility owes its electric customers slightly more than $26 million for failing to include some revenue in its calculations.
The Missouri Public Service Commission approved an order Wednesday for the St. Louis-based company to refund the money to customers. But Ameren Missouri won't be sending out checks. Instead, the $26.3 million will be applied by adjusting a fuel charge that customers otherwise would pay.
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.
Electric bills are on the way down for some residents of western Missouri, thanks to a decline in fuel prices.
The Missouri Public Service Commission has reduced the fuel adjustment charge for Kansas City Power & Light's Greater Missouri Operations. Fuel adjustment clauses allow power companies to adjust rates for changes in the price of natural gas.
Missouri utility regulators are reviewing the cyber security practices of electric utilities.
The Public Service Commission says it is asking power companies 47 detailed questions about protections to shield the electrical grid against hackers. Regulators say they are not aware of any possible problems.
Requests were sent to Ameren Missouri, Kansas City Power & Light Co., KCP&L-Greater Missouri Operations Co. and The Empire District Electric Co. The commission is seeking responses by the end of August.