Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

The Empire District Electric Company Files for New Kansas Electric Rates

JOPLIN, Mo. - 
      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 o
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.
Share/Save/Bookmark

Article : The Empire District Electric Company Files for New Kansas Electric Rates
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Fitch Affirms State Farm's Ratings; Outlook Negative
CHICAGO - Fitch Ratings has affirmed its 'AA+' Insurer Financial Strength ratings on State Farm Mutual Automobile Insurance Company (State Farm), State Farm Life Insurance Company (State Farm Life) and State Farm Life and Accident Assurance Company. The Rating Outlook is Negative.

2K Sports Signs 2009 Gold Glove Award Winner Evan Longoria of the Tampa Bay Rays® as Cover Athlete for Major League Baseball® 2K10
NEW YORK - 2K Sports announced today that Evan Longoria of the Tampa Bay Rays®, a 2009 American League Gold Glove and Silver Slugger Award recipient, will be featured as the cover athlete and spokesman for Major League Baseball®

ABC's 'Extreme Makeover: Home Edition' Coming to Gainesville, Florida
GAINESVILLE, Fla., Nov. 24 /PRNewswire/ -- Extreme Makeover: Home Edition, the Emmy-award winning hit TV show on ABC Television, is coming to the Gator Nation to surprise one deserving family with an extreme home makeov...

DexCom To Present at the Piper Jaffray 21st Annual Health Care Conference
SAN DIEGO - DexCom, Inc. (NASDAQ:DXCM) today announced that Terrance Gregg, President and Chief Executive Officer, will present an update on DexCom at the Piper Jaffray 21st Annual Health Care Conference in New York on Tuesday, December 1, 2009, at 9:30 a.m. (EST). The pres

$22.3 Million Verdict Rendered in Medical Negligence Lawsuit
CHICAGO, Nov. 24 /PRNewswire/ -- A Cook County jury late yesterday awarded the parents of a now ten-year-old boy with a $22.3 million verdict in a medical negligence case arising out of the care and treatment on May 29, 1999 at Advocate Christ Medi...

Fitch Rates Caparra Center Associates, LLC's Proposed US$21.6MM Secured Bonds 'A-'
NEW YORK - Fitch Ratings has assigned a rating of 'A-' to US$21.6 million of secured bonds to be issued by Caparra Center Associates, LLC (Caparra) to be issued through the Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority (

TicketNetwork.com Helps Consumers Navigate Holiday Ticket Buying With Key Insights
VERNON, CT -- 11/24/09 -- TicketNetwork.com, the leading source for event ticket inventory, remains com..

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.