The Empire District Electric Company Denied Interim Rates

Before you go, we thought you'd like these...
Before you go close icon

The Empire District Electric Company Denied Interim Rates

JOPLIN, Mo.--(BUSINESS WIRE)-- The Empire District Electric Company (NYS: EDE) has been denied interim rates by the Missouri Public Service Commission. The interim rates requested in connection with the July 6, 2012, rate case filing would have allowed Empire to begin collecting rates to cover the $6.2 million portion of the case related to tornado recovery impact and the post-tornado cost of service before the remainder of the case was settled.

In making the announcement, Brad Beecher, president and CEO, stated, "We are disappointed the Commission did not believe the impact associated with the tornado met the test for interim implementation. The impact remains a part of the primary case we filed on July 6, 2012, for $30.7 million."


Based in Joplin, Missouri, The Empire District Electric Company (NYS: EDE) is an investor-owned, regulated utility providing electric, 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 also 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.



The Empire District Electric Company
Media Contact:
Amy Bass, 417-625-5114
Director of Corporate Communications
abass@empiredistrict.com
or
Investor Relations Contact:
Janet S. Watson, 417-625-5108
Secretary/Treasurer
jwatson@empiredistrict.com

KEYWORDS:   United States  North America  Arkansas  Kansas  Missouri  Oklahoma

INDUSTRY KEYWORDS:

The article The Empire District Electric Company Denied Interim Rates originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners