S&P: Empire District unchanged

Standard & Poor's said that the recommendation by the staff of the Missouri Public Service Commission in Empire District Electric Co.'s (BBB-/stable/A-3) pending rate case, which is not binding on the commission, will not affect company ratings.

Although the staff has endorsed implementation of a fuel adjustment clause, the agency said that it has recommended that 70% of changes in fuel and purchased-power expense get passed through to customers compared with Empire District's request for a 95% pass though.

The staff has recommended a $10.3 million rate increase with $20.1 million of additional regulatory amortization, S&P noted, adding that the company is seeking a $34.7 million rate hike.

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