Energizing the Future slide image

Energizing the Future

Missouri regulatory summary Average-rated regulatory jurisdiction by RRA¹ Traditional approach: general rate case typically filed every three years - Cost-of-service, rate base and capital structure determined using historical test year Both utilities have weather mitigated rate designs and mechanisms to address purchased gas costs, pensions and energy efficiency investments Infrastructure System Replacement Surcharge (ISRS) - - Enables recovery of (and on) infrastructure investment with minimal regulatory lag ISRS requests typically cover 6 months of investment - Missouri Public Service Commission – five members appointed by Governor (also appoints the Chairman) for 4-year terms - - Glen Kolkmeyer (R) - Apr. 2025 Scott T. Rupp (R) - Exp. Apr. 2020 Maida J. Coleman (D) - Exp. Aug. 2021 - Jason R. Holsman (D) - Jan. 2025 - Ryan A. Silvey (R), Chair - Jan. 2024 1RRA is Regulatory Research Associates. 29 Spire Investor presentation - August 2022
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