The Empire District Electric Company Files for New Missouri Electric Rates - CNBC

The Empire District Electric Company Files for New Missouri Electric Rates - CNBC: "JOPLIN, Mo., Jul 06, 2012 (BUSINESS WIRE) -- The Empire District Electric Company (NYSE:EDE) announced today it has filed a request with the Missouri Public Service Commission (MPSC) for changes in rates for its Missouri electric customers. The Company is seeking an annual increase in base rate revenues of approximately $30.7 million. The Fuel Adjustment Clause revenue will decrease $8.6 million resulting in a net impact to customers of $22.1 million, or about 5.3 percent. If approved by the MPSC, a residential customer using 1,000 kilowatt hours would see a monthly net increase in rates of about $6.60.

Empire is asking to recover: Operation and maintenance expenses and capital costs associated with the May 22, 2011, tornado recovery, as well as cost of service post tornado."

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