ST. LOUIS — Two Missouri utility providers are requesting to increase rates starting in the middle of next year.
Missouri American Water and Ameren Missouri both said the increased funds would be used to pay for improvements to their respective systems that have already been completed or are in the works. The requests have been filed with the Missouri Public Service Commission, which will take the next 11 months to consider the proposals before making a decision.
Both providers said average customers could expect rate increases of more than $15 per month.
In a press release, Ameren said it would use the money to upgrade utility poles, power lines and add new substations a well as expand its energy portfolio. The press release said the work would provide more consistent service and provide additional rate options for customers.
Ameren estimated that the average customer would see an increase of about $17 per month. The company said the average customer uses about 1,000 kilowatt-hours per month.
Missouri American Water said it would use the funds to pay for work completed and planned from January 2023 through May of 2026. Those improvements include replacing the intake pump station at the South Water Treatment Plant in St. Louis County, constructing a new transmission main in St. Charles County to add a second water supply source and upgrading wastewater treatment plans in Eureka and Smithton.
Missouri American Water said its average customer uses about 4,500 gallons of water per month. That average customer would see an $18 increase per month.
As part of the filing, Missouri American also proposed income-based rates for customers in poverty. Customers below 150% of the federal poverty level would be eligible for a discounted rate if the plan is approved.
Both providers said the changes would not become effective until mid-2025, but did not provide specific start dates.