Jefferson City, MO – Americans for Prosperity-Missouri opposes HB 1 in the current special session. This legislation would grant Missouri’s electric utility ability to offer a special rate “not based on the cost of service” to aluminum smelting and steel work facilities. And to cover their potential losses in profit, the utility may increase its rate on other customers to “ensure the net operating income of the electrical corporation”.
State Director Jeremy Cady issued the following statement on the pending legislation:
“This bill is classic cronyism at work. It is wrong for the Legislature to create special utility rates for corporate customers at the expense of every other customer, especially our least fortunate and those living on a fixed income.”