JEFFERSON CITY, Mo. – The Missouri Public Service Commission (PSC) is expected on Wednesday to approve a request from Ameren Missouri to issue and sell up to $150 million in bonds to refinance the electric and gas provider’s short-term debt.
Ameren filed an application on April 29 seeking authority from the commission to issue the bonds and the commission’s staff is recommending Ameren’s request be approved. The staff’s recommendation did come with conditions for Ameren, however, including:
- The commission’s authorization is not to be considered for bond rate-making purposes
- Ameren must notify the commission within 10 days of issuance of any bonds
- Ameren must file any information concerning communication with credit rating agencies concerning any such bond issuance
- Ameren would be required to file a five-year capitalization expenditure schedule in future finance cases
- The commission’s grant of authority to issue the bonds would expire after one year.
- In a filing with the commission, Ameren said it had no problem with any of the staff’s recommended conditions. A spokeswoman with Ameren Missouri declined to comment late Tuesday, referring all inquiries to its commission filings.
The commission’s regular agenda meeting is scheduled for 1 p.m. Wednesday at the Governor Office Building, 200 Madison St., in Jefferson City.
Ameren Missouri serves more than 1.2 million electric and 130,000 natural gas customers in central and eastern Missouri with a coverage area that includes 64 counties and more than 500 communities, including the greater St. Louis area.
