Local News: Sen. Wayne Wallingford pushes for passage of electric-rate bill (5/26/17) | Southeast Missourian newspaper, Cape Girardeau, MO: "Wallingford said his bill, drawn up in consultation with the governor’s office, would give the Public Service Commission (PSC) the power to allow lower electric rates for the smelter and steel mill for up 10 years or Dec. 31, 2027, whichever occurs first.
It would allow the PSC to “look at something beyond cost of service” in determining those rates.
Under Wallingford’s bill, the PSC could take into account factors such as economic development, improving the tax base and providing jobs.
In order to receive the special rate, under Wallingford’s bill, a company must file an application with the PSC requesting the rate and provide information as to how such a special rate serves the public interest."
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