JEFFERSON CITY, Mo. — Ameren Missouri is allowed to issue and sell an additional long-term indebtedness following approval from the Public Service Commission (PSC).
The PSC unanimously approved Ameren’s application to issue and sell up to $465 million aggregate principal amount of additional long-term indebtedness Wednesday. The utility company said proceeds would be used to refinance other short-term debt, among other things.
The approval hinged on multiple conditions, including a one-year expiration on the authority, a requirement for Ameren to provide reports on any issue of secured debt, and the ability for the commission to reconsider rate-making treatment for the financing transactions, PSC Chairman Ryan Silvey said. The order is set to go into effect on March 23.
Additionally, the PSC approved a stipulation and agreement settling “outstanding issues” following a June 2019 Missouri Energy Efficiency Investment Act (MEEIA) Cycle 2 prudence review. Commissioners noted the agreement was unanimously supported by all parties involved.
Initially, Staff had recommended a total disallowance of $191,451, but all parties have agreed to a $50,000 credit to customers in its Energy Efficiency Investment Rate (EEIR) calculations. The compromise included several other agreements, as well.
The PSC also tackled a pair of orders related to Evergy on Wednesday. Commissioners unanimously approved Evergy’s true-up amount after the company reported an over-collection of about $398,000 and its Fuel Adjustment Clause (FAC) tariff sheet.
In addition, commissioners approved an amended report and order regarding Evergy Missouri West’s application to establish a demand-side programs investment.
The next PSC agenda meeting is scheduled for March 18.
Kaitlyn Schallhorn was the editor in chief of The Missouri Times from 2020-2022. She joined the newspaper in early 2019 after working as a reporter for Fox News in New York City.
Throughout her career, Kaitlyn has covered political campaigns across the U.S., including the 2016 presidential election, and humanitarian aid efforts in Africa and the Middle East.
She is a native of Missouri who studied journalism at Winthrop University in South Carolina. She is also an alumna of the National Journalism Center in Washington, D.C.
Contact Kaitlyn at kaitlyn@themissouritimes.com.
