Empire Electric Rate Increase in September!

A rate hike of 13.35% was announced recently by Bill Gipson, president and CEO of Empire Electric Company. Apparently the Missouri Public Service Commission approved the increase after it was announced that he Plum Point generating station in Osceola, Arkansas was completed ahead of schedule. Accord to Mr. Gipson, “The new rates will allow us to begin recovery of the costs associated with the environmental upgrades at Iatan I and the new Plum Point generating station.”

What this means to the average customer of Empire will be and increase of about $13 a month per thousand kilowatts of use.