The Empire District Electric Company Files Arkansas Environmental Cost Recovery Rider
February 23 2015 - 5:07PM
Business Wire
The Empire District Electric Company (NYSE:EDE) announced today
that it has filed a request with the Arkansas Public Service
Commission to implement an Environmental Cost Recovery Rider for
costs associated with new environmental facilities installed at the
Asbury Power Plant.
The Environmental Rider takes effect today, the day the Rider is
filed, and is subject to refund if costs are found not to be
prudent by the Arkansas Public Service Commission. The Rider will
result in an increase of approximately $3.93 a month for
residential Arkansas customers using 1,000 kilowatt-hours of
energy. Empire has approximately 4,400 customers in Arkansas.
In making the announcement, Brad Beecher, president and CEO,
stated, “We filed this Environmental Rider to begin recovery of the
costs we have incurred to comply with environmental rules and
regulations issued by the Environmental Protection Agency (EPA)
that govern the continued operation of our Asbury generating unit.
We have installed an Air Quality Control System to control sulfur
dioxide, mercury and particulate matter. The environmental
improvements we have made at Asbury will allow us to continue to
provide reliable service to our customers with a balanced mix of
resources.”
Based in Joplin, Missouri, The Empire District Electric Company
(NYSE: EDE) is an investor-owned, regulated utility providing
electric, natural gas (through its wholly owned subsidiary The
Empire District Gas Company), and water service, with approximately
218,000 customers in Missouri, Kansas, Oklahoma, and Arkansas. A
subsidiary of the Company also provides fiber optic services. For
more information regarding Empire, visit
www.empiredistrict.com.
Certain matters discussed in this press release are
“forward-looking statements” intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. Such statements address future
plans, objectives, expectations, earnings, and events or conditions
concerning various matters. Actual results in each case could
differ materially from those currently anticipated in such
statements, by reason of the factors noted in the Company’s filings
with the SEC, including the most recent Form 10-K.
The Empire District Electric CompanyMedia
Communications:Julie Maus, 417-625-5101Manager of Media
Relationsjmaus@empiredistrict.comorInvestor
Relations:Dale Harrington, 417-625-4222Director of Investor
Relationsdharrington@empiredistrict.com
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