MISSOURI (KOAM) - Missouri lawmakers have passed a bill aimed at addressing the rising demand for energy, but it could increase utility costs for consumers.
One aspect of the bill would allow utility companies to charge customers for the construction of new electric generating plants, potentially raising electric rates across the state.
The Consumers Counsel for Missouri estimates that electric customers could face an additional $1,100 in annual charges if the bill is signed into law.
According to BusinessWire, the average American now spends $362 per month on utilities, a 3% increase from 2023.
Missouri State Senator Joe Nicola expressed concerns over its impact on consumers.
“I don’t know anyone who knows everything about this bill, but we do know our rates are going to go up, I’m extremely concerned once again because in my district, I have many elderly people on fixed incomes,” said Nicola.
The bill includes a provision aimed at protecting residents during extreme weather events. If signed into law, the bill would extend the time during which utility companies are prohibited from disconnecting service due to extreme heat or freezing temperatures. The current 24-hour grace period would be expanded to 72 hours following a National Weather Service warning.
The bill is now awaiting the governor’s signature. Governor Kehoe has until April 9 to review and sign the bill.
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