NEWS RELEASE ISSUED BY EMPIRE DISTRICT ELECTRIC COMPANY
THE EMPIRE DISTRICT ELECTRIC COMPANY FILES REQUEST TO IMPLEMENT NEW DEMAND-SIDE MANAGEMENT PROGRAMS WITH MISSOURI PUBLIC SERVICE COMMISSION
JOPLIN, MO – October 30, 2013 – The Empire District Electric Company (NYSE: EDE), has filed a request with the Missouri Public Service Commission (MPSC) to implement a portfolio of demand-side management programs under the Missouri Energy Efficiency Investment Act (MEEIA). The request, subject to regulatory approval, would implement new energy efficiency programs for customers in 2014. By helping customers use energy more efficiently, Empire can more effectively manage energy demand, keep long-term costs more affordable, support environmental initiatives, and defer the construction of new power plants.
The request also includes a Demand-Side Program Investment Mechanism (DSIM) that will be added to monthly Empire bills if the new programs are approved for implementation. The DSIM recovers the cost associated with the new programs and establishes a benefit-sharing mechanism enabling the customer and the Company to benefit from demand-side program savings.
If approved, the new efficiency program spending levels would result in a DSIM charge of about $1.85 per month, or approximately a 1.46 percent increase, for a Missouri residential customer using 1,000 kilowatt hours per month. The DSIM charge will appear as a separate line-item on customers’ bills and be based on the number of kilowatt hours used each month. Under Empire’s proposal, the DSIM rate will be reviewed and adjusted by the Commission annually to account for any changes in the actual cost of the energy efficiency programs.
Customers may learn more about efficiency programs by visiting Empire’s Web site, www.empiredistrict.com, or by calling 800-206-2300.
Based in Joplin, Missouri, The Empire District Electric Company (NYSE: EDE) is an investor-owned, regulated utility providing electricity, natural gas (through its wholly owned subsidiary The Empire District Gas Company), and water service, with approximately 216,000 customers in Missouri, Kansas, Oklahoma, and Arkansas. A subsidiary of the company provides fiber optic services. For more information regarding Empire, visit www.empiredistrict.com.