The Missouri Public Service Commission approved a settlement to raise Spire’s minimum revenue requirement by $78 million. It’s about half of the $143 million the natural gas company asked to receive.
According to Spire, the increase will raise the monthly bill for an average customer about $4.75 a month, starting in December.
Spire says the money will be used to pay for things like employee raises and infrastructure improvements.
The increase is in addition to a rate hike for the actual cost of natural gas that took effect Tuesday.
When customers combine the two increases, Spire says it will add a total of around $13 dollars a month to gas bills.
Customers will begin seeing the impact of the two rate hikes as early as Dec. 26.
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