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Letter to the Editor
Dear Editor, I want to share a letter I wrote to Sen. Kurtis Gregory.
It reads as follows: Sen. Gregory, The Missouri House just passed a bill that would allow utility companies to bill customers for the cost of new power plants.
I have a couple of beefs with this, including:
• Ameren recently closed a 50-year-old power plant they still owed $475,000,000 on in debt. Ameren then applied for a 500 million rate increase. Obviously, Ameren cannot manage its resources and more than likely cannot be trusted.
• The rates customers pay have built-in funds to go toward paying for debt. What did Ameren do with those funds over 50 years that they still owed $475,000,000?
• If customers are paying rates that have debt allocation built in, allowing them to charge customers extra fees to pay the cost of the new power plant is doubledipping.
Rep. John Black of Marshfield is justifying moving forward. What is wrong with holding companies like Ameren responsible for the debt they created? There…