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Stock impact report

CUB: AS AMEREN ROLLS IN PROFITS AND PUSHES FOR HIGHER RATES, CONSUMER GROUPS CALL FOR CUTTING AMEREN'S GAS RATE-HIKE REQUEST BY TWO-THIRDS [Yahoo! Finance]

Ameren Corporation (AEE) 
Last ameren corporation earnings: 2/26 07:15 am Check Earnings Report
US:NYSE Investor Relations: amereninvestors.com/home/default.aspx
Company Research Source: Yahoo! Finance
and unreasonable, and its $134 million rate-hike request is about triple what the utility can justify under the law, the Citizens Utility Board (CUB), Illinois PIRG and Environmental Defense Fund (EDF) said Wednesday, citing testimony filed by consumer advocates. In testimony filed this month, CUB urged the Illinois Commerce Commission (ICC) to reject $55.8 million in overcharges buried in Ameren's rate-hike proposal – including an exorbitant profit rate for shareholders and the utility's attempt to force customers to bankroll legal fees connected to its serial rate-hike requests. When the Illinois Attorney General's Office recommendations are taken into consideration, the requested cuts amount to $85.3 million , or about two-thirds–and the recommended reductions exceed this hefty margin when testimony from other consumer advocates is taken into account. "In recent years, Ameren has repeatedly sought rate hikes and enjoyed skyrocketing profits, yet the company is back at the table Show less Read more
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