Empire Electric seeking rate 19.6 percent increase

Posted In: Energy

By The Associated Press

Friday, October 30, 2009

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Empire District Electric Co. said Thursday it is requesting a 19.6 percent rate increase.

The utility said that the new rate would mean a monthly increase of $19.21 for a residential customer, assuming the use of 1,000 kilowatt-hours of electricity.

Empire District filed the request Thursday with the Missouri Public Service Commission.

Bill Gipson, Empire president and CEO, says the increase is needed to recoup the part of the company's investment to construct two coal-fired generating units near Kansas City and Osceola, Ark., that it owns with other companies.

Gipson says the increase also would help the company recoup its share of the cost of environmental upgrades to a coal-fired unit near Kansas City that it also jointly owns.

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Information from: The Joplin Globe, http://www.joplinglobe.com

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