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Quotes & Info
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| EDE > SEC Filings for EDE > Form 8-K on 25-Feb-2013 | All Recent SEC Filings |
25-Feb-2013
Other Events
On February 22, 2013, The Empire District Electric Company (the Company) announced that it has filed a Stipulation and Agreement with the Missouri Public Service Commission (the Commission) for changes in rates for its Missouri electric customers. This agreement, if approved by the Commission, allows an annual increase in base revenues of about $27.5 million. As part of this agreement, the fuel adjustment mechanism will continue, depreciation rates will increase and tracking mechanisms will continue for expenses related to employee pension, retiree health care, vegetation management and Iatan 2, Iatan Common and Plum Point operating and maintenance costs. In addition, the agreement also includes a write off of approximately $3.0 million for various items including the prudency of Iatan 2.
The agreement is currently pending before the Commission. If approved, the rates will take effect on April 1, 2013. The Company has agreed to not implement a Missouri general rate increase prior to October 1, 2014.
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