The Empire District Electric Company Files for New Kansas Electric Rates
|
|
|
| Posted
:
Wed, 04 Nov 2009 20:58:44 GMT |
| Author
:
The Empire District Electric Company
|
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
| Press Release
News |
Home
|
|
|
|
JOPLIN, Mo. - (Business Wire) The Empire District Electric Company (NYSE:EDE) announced today that it has filed a request with the Kansas Corporation Commission (KCC) for changes in rates for its Kansas electric customers. The Company is seeking an annual increase in revenues of approximately $5.2 million or about 24.6 percent. If approved, a residential customer using 1,000 kilowatt hours of electricity would experience a monthly increase of approximately $25.08. In making the announcement, Bill Gipson, president and CEO, stated, “We are seeking new rates primarily to begin recovery of the investment we have made or are making to our electric system, specifically environmental upgrades at Iatan 1 and the Asbury Power Plant and, for the new generating units, Riverton Unit 12, Iatan 2, and the Plum Point Generating Station, plus the annual operating costs associated with these units. These additions will allow Empire to continue to provide reliable service to our customers with a balanced mix of resources.” After today’s filing with the KCC, an extensive audit of Empire’s operations, a public hearing, and an evidentiary hearing will be held. The Company anticipates that any new rates approved would not become effective until the summer of 2010. Based in Joplin, Missouri, The Empire District Electric Company (NYSE: EDE) is an investor-owned, regulated utility providing electricity, natural gas (through its wholly owned subsidiary The Empire District Gas Company), and water service, with approximately 215,000 customers in Missouri, Kansas, Oklahoma, and Arkansas. A subsidiary of the company provides fiber optic services. For more information regarding Empire, visit www.empiredistrict.com. Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements address future plans, objectives, expectations, and events or conditions concerning various matters. Actual results in each case could differ materially from those currently anticipated in such statements, by reason of the factors noted in our filings with the SEC, including the most recent Form 10-K and Form 10-Q.
The Empire District Electric Company
Media Communications
Amy Bass, 417-625-5114
Director, Corporate Communications
abass@empiredistrict.com
or
Investor Relations
Jan Watson, 417-625-5108
Secretary – Treasurer
jwatson@empiredistrict.com
|
Copyright © 2008
Business Wire. All rights reserved.
|
|
|
|
|
Related
News
BoTAX: Will Congress Harm the Self Esteem of America?
Francis X. Acunzo, CEO and Founder of Acara, a leading US Aesthetic Medical Practice & Medspa consulting firm speaks out against the proposed new BoTax (tax on cosmetic medical procedures) currently proposed by Congress./I/P
PBranford, CT (PRWEB) November 25, 2009-- a href= http://...
Aerius International, Inc. Announces Sale of IP to Delaware Corporation
LAS VEGAS, NV -- 11/25/09 --
Aerius International, Inc. (PINKSHEETS: AERS)
a Nevada Corporation today announced sale of its patents and patents
pending cell phone antenna technology, and trademarks related to said
antenna technology in return for t..
Former Memphis Police Officer Convicted of Excessive Force
WASHINGTON, Nov. 25 /PRNewswire-USNewswire/ -- Isaac White, formerly an officer with the Memphis Police Department, pleaded guilty today in federal court in Memphis, Tenn., to using excessive force and causing bodily injury. White faces up to 10 years in prison for the civil rights vio...
Heroes Star to Shoppers: If You Don’t Use Yowza!! Mobile Coupons, You Will Miss Out on Big Savings
Yowza!! Adds Deals from Toys R’ Us, Babies R’ Us, Robbins Brothers, Hobby Lobby & ULTA Beauty Stores to its Free App; Just in Time for Black Friday, Yowza!! Will be Available to Android Users for the First Time Starting Today/I/P
PLos Angeles (PRWEB) November 25, 2009 --...
Rodman & Renshaw Announces Pricing of GeoResources, Inc. Public Offering of Common Stock
NEW YORK -
Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) announced
today that GeoResources, Inc., (NASDAQ: GEOI) has priced its
public offering of 3.0 million shares of its common stock at a public
offering price of $10.20 per share (before underwriting discounts and
A.M. Best Affirms Ratings of Ancon Insurance and Petroleum Casualty Group
OLDWICK, N.J. -
A.M. Best Co. has affirmed the financial strength rating of A++
(Superior) and issuer credit ratings of “aa+” of Ancon Insurance
and Petroleum Casualty Group (Ancon) and its member companies,
Ancon Insurance Company Inc. (Burlington, VT
CCH Announces Partnership With Subsidiary of Peking University
BEIJING, Nov. 25 /PRNewswire/ -- CCH China yesterday announced a strategic alliance with Chinalawinfo, to provide the world's highest quality English translations of Chinese laws and the world's most extensive Chinese language legal database. Chinalawinfo Co., Ltd. is owned by the prest...
|
|
|
|
|
|
|
|
|
