Union Electric seeks rate hike to fund $1.6B in Missouri projects
Union Electric Co president Charles J Dougherty told the Missouri Public Service Commission that higher rates are needed to cover rising operating costs and to attract financing for $1.6 billion in construction. Vice president Clyde Allen said surveys show St. Louis residential bills far below the national average and that the proposed increase would raise the average single-family bill about 14 percent, or roughly $3.74 per month based on 1976 usage. Base details continue on Page 7.