Missouri lawmakers consider bill allowing utility rates based on projected costs, not past expenses.
Missouri lawmakers are considering a bill that would let utility companies base rates on projected costs instead of actual past costs. Supporters say this would allow for more current data, while critics argue it could be an accounting trick to boost profits and could lead to a 10% rise in utility bills. The Public Service Commission now requires utility companies to propose new rates every few years, with public hearings before changes.
3 months ago
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