Consumer protection groups in Missouri are warning about potential increases in utility bills following the signing of Senate Bill 4 into law by Governor Mike Kehoe. The law, which will go into effect on August 28, aims to address the increasing demand for energy, driven by technological advancements and the widespread use of AI.
According to a survey, Americans between the ages of 25 and 34 struggle the most with paying their utilities bills, with over 40% reporting difficulty in the past year. The Consumer Council of Missouri, along with lawmakers and activist groups, rallied against the new law at the state capitol, arguing that it will lead to higher utility rates that may not benefit consumers.
On the other hand, supporters of the bill, such as the Missouri Chamber of Commerce and Industry, believe that it will be beneficial for the economy by ensuring reliable and affordable energy, essential for attracting and retaining businesses in the state. The legislation also includes provisions to extend the time utilities cannot be disconnected during extreme weather conditions from 24 hours to 72 hours.
Critics of the law, including Democrat Sen. Tracy McCreery, argue that it prioritizes the interests of utility companies and their shareholders over the needs of everyday Missourians. Despite opposition, the new law will shape energy and utility regulations in Missouri for the foreseeable future.
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