(From Public Service Commission)The Missouri Public Service Commission has approved a filing made by The Empire District Electric Company d/b/a Liberty (Liberty) to adjust the fuel adjustment clause (FAC) charge on the bills of its electric customers. The change will take effect on June 1, 2023.
Liberty made two filings. In its first filing (Case No. ER-2023-0342), Liberty sought to adjust the FAC charge to reflect actual energy costs incurred by the Company during the six-month period September 2022 through February 2023. The second filing was Liberty’s true-up filing (Case No. EO-2023-0343).
For a residential customer using 1,000 kWh (1,000 kilowatt-hours) of electricity a month, the FAC will decrease by approximately $8.54 a month.
The FAC tariff allows the company to pass increases or decreases in its net fuel and purchased power costs to customers outside of a general rate case.
The FAC allows the company to recover most – up to 95 percent – of its costs, but not all, to encourage conservation and prudence in fuel use by the company. Any charges resulting from the fuel adjustment clause must appear in a separate category on customers’ bills.
Fuel adjustment charges are intended to help companies deal with volatility in fuel pricing. The FAC tariff requires regular adjustments to reflect changes in prices the company has incurred for fuel and for wholesale power purchased to serve customers.
Liberty serves approximately 159,400 electric customers in the Missouri counties of Barry, Barton, Cedar, Christian, Dade, Dallas, Greene, Hickory, Jasper, Lawrence, McDonald, Newton, Polk, St. Clair, Stone and Taney.
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