The more I read about SB759, the more I'm convinced that if passed it would be disastrous for AmerenUE customers. This bill is so loaded in assisting Ameren in their obsession with greed.
It's difficult to understand how the consumer can see through this, yet our lawmakers are the sponsors of these type of bills. Are we the consumer missing something here, or have the lawmakers another agenda. I certainly hope not.
This bill would allow Ameren to charge ratepayers somewhere between 40 million and $100 million for expenses. WOW ! From what I read, nuclear power in the U.S. is going nowhere, and it is not economical now or economical in the foreseeable future.
Ameren is not destitute, or anywhere near filing bankruptcy, but did well enough last year that they granted their CEO a raise of 20 percent.
The everyday blue collar worker has never nor will he ever be granted a 20 percent increase and be thankful he or she is employed.
Raises of this magnitude are given to CEOs, and not the everyday worker.
His 2011 salary and benefits package amounted to $5.7 million. Perhaps this is why we are subjected yearly to rate increases to help accommodate the CEO's salary and benefits package.
We need to stop Ameren's yearly rate increase, and our legislators are the key to solving this situation.