Ameren Increases Electric Rates

JEFFERSON CITY, Mo. (AP) – Missouri utility regulators have approved a $260 million rate increase for electric customers of Ameren Missouri.The rate increase approved Wednesday could mean an extra $10 a month on an average residential bill when it takes effect in January.It’s intended to cover such things as the utility’s rising fuel costs, infrastructure improvements, vegetation trimming and storm repairs.About $90 million of the rate increase will go toward energy efficiency programs that could ultimately save money for residents and businesses.Ameren Missouri serves 1.2 million customers.The increase is about two-thirds of the $376 million hike that Ameren originally sought. But some consumer advocates say the amount approved Wednesday still is too much, given the economy.