The Empire District Electric Company Files for New Kansas Electric Rates

JOPLIN, Mo., Nov 04, 2009 (BUSINESS WIRE) -- The Empire District Electric Company (NYSE:EDE) announced today that it has filed a request with the Kansas Corporation Commission (KCC) for changes in rates for its Kansas electric customers. The Company is seeking an annual increase in revenues of approximately $5.2 million or about 24.6 percent. If approved, a residential customer using 1,000 kilowatt hours of electricity would experience a monthly increase of approximately $25.08.

In making the announcement, Bill Gipson, president and CEO, stated, "We are seeking new rates primarily to begin recovery of the investment we have made or are making to our electric system, specifically environmental upgrades at Iatan 1 and the Asbury Power Plant and, for the new generating units, Riverton Unit 12, Iatan 2, and the Plum Point Generating Station, plus the annual operating costs associated with these units. These additions will allow Empire to continue to provide reliable service to our customers with a balanced mix of resources." After today's filing with the KCC, an extensive audit of Empire's operations, a public hearing, and an evidentiary hearing will be held. The Company anticipates that any new rates approved would not become effective until the summer of 2010.

Based in Joplin, Missouri, The Empire District Electric Company (NYSE: EDE) is an investor-owned, regulated utility providing electricity, natural gas (through its wholly owned subsidiary The Empire District Gas Company), and water service, with approximately 215,000 customers in Missouri, Kansas, Oklahoma, and Arkansas. A subsidiary of the company provides fiber optic services. For more information regarding Empire, visit www.empiredistrict.com.

Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements address future plans, objectives, expectations, and events or conditions concerning various matters. Actual results in each case could differ materially from those currently anticipated in such statements, by reason of the factors noted in our filings with the SEC, including the most recent Form 10-K and Form 10-Q.

SOURCE: The Empire District Electric Company CONTACT: The Empire District Electric Company Media Communications Amy Bass, 417-625-5114 Director, Corporate Communications [e-mail] or Investor Relations Jan Watson, 417-625-5108 Secretary -- Treasurer [e-mail] Copyright Business Wire 2009 -0- KEYWORD: United States

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