Ameren to Seek Rehearing of its Rate Request, Announced Spending Cuts
Ameren says it will seek a rehearing of its rate case ... after the Illinois Commerce Commission granted the utility only a fraction of what it seeking in increases for gas and electricity delivery.
At the same time, Ameren is cutting budgets, instituting a hiring freeze, reducing its use of contractors, and delaying or canceling some projects and activities.
In an internal newsletter released by the company, Ameren Illinois president Scott Cisel calls the actions "regrettable but necessary".
Ameren spokesman Leigh Morris says their core commitment to delivery reliable energy won't be affected. But he says customers might notice some changes in service.
"This doesn't mean it would, but we could be talking about wait times for calls to customer service, wait times to have new service installed" says Morris. "It could have impacts like that. Those aren't reliability issues but those are service quality issues."
The I-C-C voted 3 to 2 Thursday to allow Ameren just $4.75 million of the $130 million it was seeking in additional revenue on delivery rates. Morris says the company was surprised by the ruling, and believes it had made a strong argument for the full increase. Ameren has 30 days to seek a rehearing of its rate request. There's no guarantee that the ICC will grant a rehearing.