ST. LOUIS, Feb. 22, 2018 /PRNewswire/ --
"Today's decision is a result of Spire's success in becoming an
even more efficient, customer-focused company. While we are still
analyzing the impact of the final order from the Missouri Public
Service Commission, and will seek to clarify the decisions on
several issues, we are pleased to announce Spire customers will see
a rate decrease starting March
28.
"We agreed to lower rates, despite the federal tax cuts
happening outside of the review period for our case, because it's
the right thing to do for our customers. The outcome of this case
will help us recover our incremental costs, and by becoming the
first Missouri utility to share
the benefits of the tax reduction, we can still pass along a net
rate decrease for our customers. These rates will also provide
more funding to help customers better manage their bills, from
energy assistance for low-income customers to efficiency programs
to help conserve energy use.
"Our Missouri natural gas customers pay less today than they did
a decade ago for service that is better and more reliable thanks to
an improved customer experience through our new web portal and
hundreds of miles of pipeline upgrades. For more than eight years
we have been able to forego increasing base natural gas rates for
anything other than investments in safety-related and mandated
public improvements. That's because our growth into the nation's
fifth-largest publicly traded gas utility has produced more than
$70 million in annual savings for
Missouri natural gas
customers.
"Spire employees have worked tirelessly to remake our company
with the aim of providing even better, more cost-effective service
for our customers, while supporting our communities. The results
have been extraordinary. I want to thank every single one of our
employees for their efforts to transform Spire. We couldn't be
prouder."
—Steve Lindsey, EVP and COO of Distribution
Operations and Gas Utilities
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 customers
making us the fifth largest publicly traded natural gas company in
the country. We help families and business owners fuel their daily
lives through our gas utilities serving Alabama, Mississippi and Missouri. Our non-utility operations include
Spire Marketing, which provides natural gas marketing and related
services. We are committed to transforming our business and
pursuing growth through 1) growing organically, 2) investing in
infrastructure, 3) acquiring and integrating, and 4)
innovation and technology. Learn more at SpireEnergy.com.
Investor Contact:
Scott W. Dudley Jr.
Scott.Dudley@SpireEnergy.com
314-342-0878
Media Contact:
Jessica B. Willingham
Jessica.Willingham@SpireEnergy.com
314-342-3300
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SOURCE Spire Inc.