Re: Ameren asks for more of your money while profits and executive compensation soar

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Dear St Louis Renewable Energy Readers,
Can you believe it? In 2012, Ameren Missouri profited around $70 million more from electric customers than regulators authorized. On top of that, Ameren’s CEO received $6.2 million in compensation in 2012, a 9% increase from 2011. This was the same year that Ameren raised your rates AGAIN, up 43% since 2007 costing customers a total of $2.8 billion by the end of the year.
In 2012, the Missouri Public Service Commission authorized Ameren to collect a generous 10.2% profit margin but financial data shows that the company actually received around an 11.48% profit from Missouri customers for the year. In addition, Ameren Corp.’s chairman, president and CEO received a 9% increase in total compensation in 2012, totaling $6.2 million.
Ameren continues to raise rates and attempts to add surcharges to your bill, all the while making more profits off of your money than ever and paying their executives more than ever. Ameren is currently pushing legislation in Missouri that would allow it and other investor-owned utilities to add a new and expensive surcharge on Missourians’ electric bills. Learn more about this bill and urge your legislator to vote no on this egregious overreach.
Sincerely,
”FairThe FERAF Team
Fair Energy Rate Action Fund  PO Box 1153  Jefferson City, MO 65102
Paid for by the Fair Energy Rate Action Fund.
www.fairenergyrates.org

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