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The Empire District Electric Company Message Board

  • Alysheba1 Alysheba1 Sep 18, 2001 9:35 AM Flag

    Rate Increase

    Does anybody know if EDE was successful in getting their requested rate increase? I thought it was supposed to be decided in September or October.

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    • Missouri PSC allowed rate increase of 8.4%+ fuel surcharge for two years.

      • 2 Replies to rusbrn
      • Is this rate increase what they were asking for? Is it sufficient to offset their construction costs?

      • go figure??

        Perhaps Monday Sept 24,will spell a different story, and the market maker simply caved into the excessive volume on Sept 21st of a whopping 105,800 shares versus the normal volume. Wish I had more to buy here, maybe only a nibble left for me as my average price is now $20.00; and patience will reward me with a price I will really like I am sure. In the meantime I enjoy a 6%+ dividend.
        I am sure the 4c/share June 30th is still having some affect here as the expectation was 10c/share, however the key is of course the Sept 30th eps, which could be 70c; but will likely be a little lower given the June quarter disappointment. The results of this tardy rate increase will not be moving to the bottom line until next summer about this time.

        At least a significant amount of the consumption is residential (43%).
        Manfred

 
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