Empire District seeks to tally tornado costs - KMOV.com

Empire District seeks to tally tornado costs

JEFFERSON CITY, Mo. (AP) -- The electric company that serves Joplin has indicated to state regulators it may need to raise customer rates in the future to recoup costs from a devastating tornado.

The Missouri Public Service Commission said Wednesday The Empire District Electric Co. is seeking to use an accounting method that allows it to keep a running tally of tornado-related costs and losses.

The PSC auditing manager says such requests are common after storms that cause significant damage and can indicate that a company wants to recoup those costs in its next rate case.

Empire District previously estimated that the May 22 tornado caused between $20 million and $30 million in damage to its infrastructure and resulted in the loss of 10 percent to 15 percent of its customer demand for electricity.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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