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ICC approves Ameren Illinois electricity delivery rates for 2013
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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. 
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Today is Monday, May 20, the 140th day of 2013. There are 225 days left in the year.
1863 -- 150 years ago: A petition is being circulated asking the city council to order awell bored in Market Square. It would be a great accommodation to the public.
1888 -- 125 years ago: At 1 p.m. on May 18 the Mississippi River flooded its banks atRock Island and destroyed the warehouse of the Rock Island Lumber Co. and damagedRock Island Arsenal power plant. Total loss is estimated at $100,000.
1913 -- 100 years ago: Residents of Sough Rock Island Township are circulating apetition favoring the annexation of that area to the City of Rock Island.
1938 -- 75 years ago: A group of state members of the National Grandmothers Clubmeeting in Rock Island are making plans to petition for the observance of a NationalGrandmothers Day.
1963 -- 50 years ago: Deere and Co. reported today that its U.S. and Canadian sales forthe first half of the 1963 fiscal year set an all time record of $323,716.628.
1988 -- 25 years ago: William G. Lawrence, first administrative director, has retired fromPECO Enterprises, Inc. Prior to his service at PECO, Mr. Lawrence was the civilianpersonnel officer at the Rock Island Arsenal.
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