Spire Missouri files rate case to recover infrastructure and technology investments
Spire Missouri has filed a rate case with the Missouri Public Service Commission to recover investments in infrastructure and technology. The company seeks to increase delivery charges, with average residential monthly bills expected to rise by approximately $17 (16%) next fall. Despite this increase, overall customer bills are projected to remain lower or unchanged compared to 2024 due to decreased natural gas costs. The company has invested nearly $1 billion in modernizing service infrastructure, contributing to 37 economic development projects worth $3.7 billion and creating over 4,000 jobs in Missouri. The filing also aims to unify Spire Missouri's service territory for consistent statewide rates.
Spire Missouri ha presentato un caso tariffario alla Commissione dei Servizi Pubblici del Missouri per recuperare investimenti in infrastrutture e tecnologia. L’azienda intende aumentare le spese di consegna, con le bollette mensili residenziali medie che si prevede aumenteranno di circa $17 (16%) il prossimo autunno. Nonostante questo aumento, si prevede che le bollette complessive dei clienti rimarranno inferiori o invariate rispetto al 2024 grazie alla diminuzione dei costi del gas naturale. L'azienda ha investito quasi $1 miliardo nella modernizzazione delle infrastrutture dei servizi, contribuendo a 37 progetti di sviluppo economico del valore di $3,7 miliardi e creando oltre 4.000 posti di lavoro nel Missouri. La denuncia mira anche a unificare il territorio di servizio di Spire Missouri per tariffe coerenti a livello statale.
Spire Missouri ha presentado un caso tarifario a la Comisión de Servicios Públicos de Missouri para recuperar inversiones en infraestructura y tecnología. La empresa busca aumentar los cargos de entrega, con las facturas mensuales residenciales promedio que se espera que suban aproximadamente $17 (16%) el próximo otoño. A pesar de este aumento, se prevé que las facturas totales de los clientes se mantengan más bajas o sin cambios en comparación con 2024 debido a la disminución de los costos del gas natural. La empresa ha invertido cerca de $1 mil millones en la modernización de la infraestructura de servicios, contribuyendo a 37 proyectos de desarrollo económico por un valor de $3.7 mil millones y creando más de 4,000 empleos en Missouri. La presentación también tiene como objetivo unificar el territorio de servicio de Spire Missouri para tarifas coherentes en todo el estado.
Spire Missouri는 미주리 공공 서비스 위원회에 인프라 및 기술 투자 회수를 위한 요금 청구서를 제출했습니다. 회사는 배송 요금을 인상하려 하고 있으며, 평균 주거 월 청구금액은 다음 가을에 약 $17 (16%) 증가할 것으로 예상됩니다. 이러한 인상에도 불구하고, 전반적인 고객 청구 금액은 천연 가스 비용 감소로 인해 2024년과 비교하여 낮거나 변동이 없을 것으로 예상됩니다. 이 회사는 서비스 인프라 현대화에 거의 $10억를 투자했으며, $37억 가치를 지닌 37개의 경제 개발 프로젝트에 기여하고 4,000개 이상의 일자리를 미주리에서 창출했습니다. 이번 제출은 Spire Missouri의 서비스 지역을 통합하여 일관된 주 전역 요금을 제정하는 것도 목표로 하고 있습니다.
Spire Missouri a déposé une demande de tarif auprès de la Commission des Services Publics du Missouri pour récupérer ses investissements dans l'infrastructure et la technologie. L'entreprise cherche à augmenter les frais de livraison, avec des factures mensuelles résidentielles moyennes qui devraient augmenter d'environ $17 (16%) à l'automne prochain. Malgré cette augmentation, il est prévu que les factures globales des clients restent plus basses ou inchangées par rapport à 2024 grâce à la baisse des coûts du gaz naturel. L'entreprise a investi près de 1 milliard de dollars dans la modernisation de l'infrastructure de services, contribuant à 37 projets de développement économique d'une valeur de 3,7 milliards de dollars et créant plus de 4 000 emplois dans le Missouri. Le dépôt vise également à unifier le territoire de service de Spire Missouri pour des tarifs cohérents à l'échelle de l'État.
Spire Missouri hat einen Antrag auf Tariferhöhung bei der Missouri Public Service Commission eingereicht, um Investitionen in Infrastruktur und Technologie zurückzugewinnen. Das Unternehmen strebt an, die Liefergebühren zu erhöhen, wobei die durchschnittlichen monatlichen Rechnungen für Haushalte voraussichtlich im nächsten Herbst um etwa $17 (16%) steigen werden. Trotz dieser Erhöhung wird erwartet, dass die Gesamtrechnungen der Kunden im Vergleich zu 2024 aufgrund sinkender Erdgaspreise niedriger oder unverändert bleiben. Das Unternehmen hat fast $1 Milliarde in die Modernisierung der Serviceinfrastruktur investiert und zu 37 wirtschaftlichen Entwicklungsprojekten im Wert von $3,7 Milliarden beigetragen sowie über 4.000 Arbeitsplätze in Missouri geschaffen. Der Antrag zielt auch darauf ab, das Servicegebiet von Spire Missouri zu vereinheitlichen, um landesweit einheitliche Tarife zu gewährleisten.
- Infrastructure modernization investment of $1 billion improving safety and reducing emissions
- Contribution to 37 economic development projects worth $3.7 billion
- Creation of over 4,000 jobs in Missouri
- Lower overall customer bills expected due to decreased natural gas costs
- Implementation of advanced metering technology enhancing safety and usage insights
- 16% increase ($17) in average residential monthly delivery charges
- Impact of inflation and higher interest rates on operational costs
Insights
This rate case filing represents a significant financial development for Spire Missouri. The requested
The proposal's structure is noteworthy for two key aspects: 1) The consolidation of service territories to streamline operations and standardize rates statewide and 2) The inclusion of a weather/conservation adjustment mechanism to stabilize revenues. While the rate increase appears substantial, the company's strategic positioning of lower natural gas commodity costs helps offset the impact on total customer bills.
The economic development impact is significant, with 37 projects worth
"We're committed to safely delivering reliable and efficient natural gas service to more than 1.2 million homes and businesses in
A customer bill is largely made up of two components – Spire's delivery charge and the cost of the natural gas itself. While the delivery charge portion of a customer's bill – which covers the cost of the service Spire provides to safely deliver natural gas to a home or business – is expected to increase under Spire's request, the cost of natural gas seen on customer bills has decreased significantly compared to 2024. Including this decrease to natural gas costs, when new delivery rates take effect in Fall 2025, overall customer bills are expected to be lower or unchanged compared to the last year, assuming current natural gas market conditions.
What is Spire requesting?
During rate cases, the PSC examines the value of services customers have received from their utilities and establishes rates based on already incurred costs. A typical timeframe of rate case approval with the PSC is eleven months from the time of filing.
Should Spire's request be approved by the PSC, the average residential monthly bill for customers across
Since its last rate case was completed in 2022, Spire has continued to make investments in its delivery system and technology to benefit customers. For example:
- Spire has invested nearly
$1 billion - New infrastructure means lower maintenance costs and improved reliability and service for years to come. It will also ensure that
Missouri has the advanced energy infrastructure to fuel economic growth and job creation. - During FY24, Spire was part of securing 37 publicly announced economic development wins in
Missouri , representing an investment of nearly$3.7 billion - Spire continues the rollout of advanced metering technology for its customers across
Missouri . The upgrade offers both enhanced safety features and, once fully implemented, improved insights into monthly energy usage.
The filing addresses increased costs experienced in recent years as Spire was not immune to impacts from inflation and higher interest rates that impacted consumers and businesses across the country.
With this filing, Spire hopes to create one Spire Missouri service territory, providing customers consistent rates across the state and a streamlining of operations, ultimately translating to efficiencies for customers and for Spire. Spire is also requesting an improved mechanism to mitigate the impacts of changes in weather and the effects of conservation on customer usage, as allowed under
For more information, visit spireenergy.com/rate-case.
About Spire
At Spire Inc. (NYSE: SR) we believe energy exists to help make people's lives better. It's a simple idea, but one that's at the heart of our company. Every day we serve 1.7 million homes and businesses making us one of the largest publicly traded natural gas companies in the country. We help families and business owners fuel their daily lives through our gas utilities serving
Investor Contact:
Megan L. McPhail
314-309-6563
Megan.McPhail@SpireEnergy.com
Media Contact:
Jason Merrill
314-342-3300
Jason.Merrill@SpireEnergy.com
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SOURCE Spire Inc.
FAQ
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