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Ameren Rates Dropping August 1st

July 09, 2018 - 7:59 am

ST. LOUIS (KMOX) -  Ameren Missouri customers will see a drop in their electric rates beginning August 1st.

The Missouri Public Service Commission approved an agreement which reduces the electric revenues for the utility by about $166.5 million.

Under the new rates, a residential customer using 1,000 kilowatts a month would see rate decrease of about $6.21 a month.

The Jefferson City News-Tribune reports that commission said the reduction reflects a lower corporate tax rate, which dropped from 35 percent to 21 percent after federal tax cuts enacted by the Trump administration last year.