Shedding Some Light on Electric Rate Increases
| Another rate increase? We should be used to it by now. |
Kevin Gunn, chairman of the Missouri Public Service Commission (PSC), raised the issue after AmerenUE announced on November 28, 2011, that the company would request a rate increase. KCP&L followed suit on December 1, 2011. The PSC has eleven months to determine if a rate increase is justified, a decision that's determined in part by research performed by the Office of Public Counsel.
Tomich reports that the Public Counsel has had its budget and staff cut in recent years, and maintains that it can just barely perform its due diligence on one electric company rate increase case a year. If the two electric companies officially file their rate requests in the same tight formation as they announced their intent to do so, there's no way Public Counsel staff can bird-dog the companies properly, and we the people could take it the pocketbook -- or another painful location.
After spending a long evening reading the PSC's press releases for the past five years (available here, if you're so inclined), I've come to two conclusions.
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