Summary
Ameren Corporation and its subsidiary Union Electric Company (AmerenUE) reported on January 14, 2004, that the Missouri Public Service Commission (MPSC) approved a settlement regarding AmerenUE's natural gas delivery rates. This approval, granted on January 13, 2004, authorizes new rates that are expected to increase AmerenUE's annual operating revenues by approximately $13 million. This development is significant as it resolves AmerenUE's May 2003 request for a rate increase. Investors can view the official announcement through the press release attached as an exhibit to this filing, providing transparency on the regulatory outcome and its potential impact on the company's financial performance.
Key Highlights
- 1Missouri Public Service Commission (MPSC) approved a settlement on AmerenUE's natural gas delivery rates on January 13, 2004.
- 2The approved settlement authorizes new natural gas delivery rates for AmerenUE.
- 3The rate increase is estimated to boost AmerenUE's annual operating revenues by approximately $13 million.
- 4This filing provides an update to Ameren's December 10, 2003, Form 8-K regarding the rate case settlement.
- 5A press release detailing the settlement approval is attached as Exhibit 99.1.
- 6The filing is a combined report by Ameren Corporation and Union Electric Company.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce that the Missouri Public Service Commission has approved a settlement regarding AmerenUE's natural gas delivery rates, authorizing an increase in annual operating revenues.
AmerenUE's annual operating revenues are expected to increase by approximately $13 million as a result of the approved new natural gas delivery rates.
The settlement was approved by the Missouri Public Service Commission on January 13, 2004.
The filing references AmerenUE's May 2003 request to the Missouri Public Service Commission for an increase in natural gas delivery rates.