skip to main content
skip to newscasts

Monday, April 29, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

At least 4 killed in Oklahoma tornado outbreak; 10 shot outside Florida bar; AZ receives millions of dollars for solar investments; Maine prepares young people for climate change-related jobs, activism; Feds: Grocery chain profits soared during and after a pandemic.

view newscast page
play newscast audioPlay

Ukraine receives much-needed U.S. aid, though it's just getting started. Protesting college students are up in arms about pro-Israel stances. And, end-of-life care advocates stand up for minors' gender-affirming care in Montana.

view newscast page
play newscast audioPlay

More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

Bill Seeks to Shine Light On Utility Profits

play audio
Play

Friday, April 11, 2014   

JEFFERSON CITY, Mo. – Consumer advocates are calling on Missouri lawmakers to force the state's investor-owned utility companies to let the public know just how much they're earning.

John Coffman, an energy consultant for AARP in Missouri, says the Utility Transparency and Fairness Act would require Missouri's investor-owned utilities, including Ameren Missouri and Kansas City Power and Light, to disclose their quarterly earnings, which he says would help keep them from over-earning at their customers' expense.

"The overall profit that a regulated utility is earning, I think, is a matter of great public interest,” he stresses. “And it should be open and transparent for the public to view, and it involves a great deal of money that the public is paying through rates."

Because the utilities operate as regulated monopolies, the amount of profit they're allowed to make is set by the state's Public Service Commission.

However, earnings reports filed with the PSC are kept confidential.

Coffman says the legislation would still protect the companies' trade secrets while giving the public the transparency it deserves.

Coffman adds consumers have the right to know if the rates they are paying are fair, as utility bills are one of the most pressing financial issues for Missourians.

He points to the fact that those rates have increased by more than 40 percent over the past six years in many parts of the state.

"These are big burdens that folks have had to pay – that's residential customers as well as small business customers – and these increases have come during a very difficult economic period," he points out.

Coffman says Senate Bill 944 also would require regulators to balance the needs of customers with the expectations of investors when determining a utility company's appropriate profit level.






get more stories like this via email

more stories
The United Nations experts also expressed concern over a Chemours application to expand PFAS production in North Carolina. (Adobe Stock)

play sound

United Nations experts are raising concerns about chemical giants DuPont and Chemours, saying they've violated human rights in North Carolina…


Social Issues

play sound

The long-delayed Farm Bill could benefit Virginia farmers by renewing funding for climate-smart investments, but it's been held up for months in …

Environment

play sound

Conservation groups say the Hawaiian Islands are on the leading edge of the fight to preserve endangered birds, since climate change and habitat loss …


Jane Kleeb is director and founder of Bold Alliance, an umbrella organization of Bold Nebraska, which was instrumental in stopping the Keystone Pipeline. Kleeb is also one of two 2023 Climate Breakthrough Awardees. (Bold Alliance)

Environment

play sound

CO2 pipelines are on the increase in the United States, and like all pipelines, they come with risks. Preparing for those risks is a major focus of …

Environment

play sound

April has been "Invasive Plant Pest and Disease Awareness Month," but the pests don't know that. The U.S. Department of Agriculture says it's the …

Legislation to curtail the union membership rights of about 50,000 public school educators in Lousiana has the backing of some business and national conservative groups. (wavebreak3/Adobe Stock)

Social Issues

play sound

Leaders of a teachers' union in Louisiana are voicing concerns about a package of bills they say would have the effect of dissolving labor unions in t…

Health and Wellness

play sound

The 2024 Arizona Alzheimer's Consortium Public Conference kicks off Saturday, where industry experts and researchers will share the latest scientific …

Environment

play sound

Environmental groups say more should be done to protect people's health from what they call toxic, radioactive sludge. A court granted a temporary …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021