Updated 4:11 p.m. with approximate breakdown of increase for consumers.
Missouri utility regulators have approved a $260 million rate increase for electric customers of Ameren Missouri.
The rate increase approved Wednesday is intended to cover such things as the utility's rising fuel costs, infrastructure improvements, vegetation trimming and storm repairs.
About $90 million of the rate increase goes toward energy efficiency programs that could ultimately save money for residents and businesses.
A collaboration between St. Louis-based Ameren Missouri and Westinghouse Electric Corporation to develop small modular nuclear reactors was passed over Tuesday for initial
funding by the U.S. Department of Energy.
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