Missouri Senate panel OKs electric bill surcharge

2:31 PM, Feb 20, 2013   |    comments
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CHRIS BLANK, Associated Press

JEFFERSON CITY, Mo. (AP) - A Missouri Senate energy committee has advanced legislation that would let power companies seek permission for an infrastructure surcharge.

Under legislation approved 7-2 by the committee on Wednesday, power companies could seek to levy the surcharge between formal rate cases.

Utilities could seek a surcharge no more than twice per year and would need to file a rate case every three years with the Public Service Commission. To be eligible, projects must replace, extend or add infrastructure and already be in service. It could not be applied to newly built or acquired generating plants.

Supporters of allowing the surcharge contend it would help utilities invest in infrastructure improvements and would create jobs. Opponents say it would make it easier to raise electric rates.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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