ICC approves Ameren Illinois electricity delivery rates for 2013


Share
Posted Online: Dec. 07, 2012, 10:51 am
Comment on this story | Print this story | Email this story
Press release submitted by Ameren



The Illinois Commerce Commission Wednesday approved new electricity delivery rates for Ameren Illinois for 2013 that will take effect January 1. The 2013 rates reflect a further reduction of $5 million in revenue from the rates set under the initial formula rates approved in September.

The vote was 4-1 with Commissioner Erin O'Connell-Diaz dissenting.

Electric delivery rates are set annually according to the Energy Infrastructure Modernization Act (EIMA) which established a formula rate to recover actual, prudently incurred costs for the delivery of electricity to customers. Utilities such as Ameren Illinois that elect formula rates under EIMA are required to upgrade and modernize their distribution system, including deployment of a smart grid metering system.

Ameren Illinois filed a proposal in January requesting approval of its Modernization Action Plan–Pricing tariff to implement formula rates under the EIMA. The Commission order in that case, Docket No. 12-0001, reduced revenue by $48.1 million. The company had proposed a reduction of $19.9 million. Those rates expire at the end of 2012.

The largest adjustments to the company's proposal were made in the areas of state income tax rates and in the capital structure that contributes to the determination of the overall rate of return.

The return on equity for Ameren Illinois is 9.71 percent and the overall rate of return is 8.66 percent.





















 



Local events heading








  Today is Saturday, April 19, the 109th day of 2014. There are 256 days left in the year.

1864 -- 150 years ago: Miss McCorkindale has opened millinery rooms over Gimbel's dry goods store, where she offers a choice lot of millinery goods, which she will manufacture to order.
1889 -- 125 years ago: The little South Park Presbyterian chapel celebrated it first Easter decorated with flowers for an afternoon worship service attended by a large congregation.
1914 -- 100 years ago: The Wennerberg Chorus of Augustana College has returned from a 2,000-mile tour in the Eastern states and Illinois.
1939 -- 75 years ago: Col. Charles Lindbergh has stated that he is convinced that Germany's air force is equal to the combined sky fleets of her potential European foes.
1964 -- 50 years ago: Small gas motors may be permitted on boats in the lake to be built in Loud Thunder Forest Preserve. The prospect was discussed yesterday at a meeting of the Rock Island County Forest Preserve Commission.
1989 -- 25 years ago: The annual Dispatch/Rock Island Argus Spelling Bee continues to be a family tradition. Ed Lee, an eighth-grader at John Deere Junior High School, Moline, is the 1989 spelling bee champion from among 49 top spellers in Rock Island, Henry and Mercer counties. He advances to the competition in Washington, D.C. Runnerup was Ed's sister, Susan.






(More History)