Spire Missouri rate case filing supports continued investments in safety and reliability

The Missouri Public Service Commission typically completes its rate-case review within approximately eleven months of filing.

Rhea-AI Summary

Spire (NYSE: SR) filed a Missouri rate case seeking higher natural gas rates to support continued system investment. If approved as filed, and assuming current natural gas market conditions, average residential bills would increase approximately $10 per month, or 11%, in western Missouri and $13 per month, or 15%, in eastern Missouri. New rates would take effect next fall.

Since its last rate case, Spire Missouri has invested nearly $808 million to maintain and modernize its natural gas system. The company says the infrastructure investments enhance safety and reliability, reduce emissions and lower ongoing maintenance costs. The request remains subject to Missouri Public Service Commission approval.

4 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Proposed western Missouri rates would raise average residential bills approximately $10 monthly, or 11%, assuming current gas market conditions.
• Moderate pointSystem modernization investment of nearly $808 million since the last rate case supports infrastructure renewal.
• Minor point. Forward-looking: it has not happened yet and may not happen.Proposed eastern Missouri rates would raise average residential bills approximately $13 monthly, or 15%, assuming current gas market conditions.
• Minor pointNew infrastructure reduces ongoing maintenance costs and enhances reliability, Spire says.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Requested rate increases remain subject to Missouri Public Service Commission approval, with new rates due next fall.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

ST. LOUIS, Nov. 2, 2026 /PRNewswire/ -- Today, Spire Missouri filed a rate case with the Missouri Public Service Commission (PSC) to support continued investments in its natural gas system that enhance safety, reliability and service for customers.

"Our focus is on safely and reliably delivering affordable natural gas service to more than 1.2 million Missouri customers," said Steve Mills, Spire Missouri president. "Since our last rate case, we've continued to modernize and upgrade our system, benefiting customers with enhanced reliability and fueling economic growth and job creation. We are fortunate to be both a trusted energy provider and a trusted community partner across Missouri."

If the request is approved as filed, assuming current natural gas market conditions, the average residential bill would increase approximately $10 per month, or 11%, for Spire customers in western Missouri. In eastern Missouri, the average bill for residential customers would increase approximately $13 per month, or 15%. New rates would go into effect next fall as the PSC typically completes its review of a rate case within approximately eleven months of filing.

Investments to better serve customers

Since Spire Missouri's last rate case, the utility has continued to make investments in its delivery system and technology to benefit customers. These include:

• Spire has invested nearly $808 million to maintain and modernize its Missouri natural gas system, enhancing safety and reliability of its distribution system while reducing emissions.
• New infrastructure reduces ongoing maintenance costs and enhances reliability and service for the future. It also ensures that Missouri has the energy infrastructure needed to support communities, economic growth and job creation.
• During FY26, Spire helped support 24 publicly announced economic development projects in Missouri, representing an investment of nearly $537 million in the state economy and resulting in the creation of more than 1,400 jobs. Access to natural gas played a key role in securing many of these projects.

Assistance is available for customers

Spire remains committed to keeping bills as low as possible for customers. According to data from the American Gas Association, natural gas continues to be more cost-effective than other energy sources as customers who use natural gas to heat homes, dry clothes and heat water save more than $1,000 annually when compared to those who use electricity. In fact, in Missouri, electricity is more than two times more expensive than natural gas.

For some customers who are vulnerable, any cost increase can carry disproportionate impact. That's why Spire is committed to finding effective ways to help. During fiscal 2026, Spire connected Missouri customers with nearly $14 million in federal, state and Spire energy assistance funding to help pay their natural gas bills, providing even more support to customers amid inflation and rising costs.

Spire continues to provide multiple programs for those with higher energy burdens, including:

• DollarHelp
• Payment Arrangements
• LIHEAP
• Customer Charge Waiver Program
• Payment Partner Program
• Critical Medical Needs
• Budget Billing

Customers who are struggling are encouraged to contact Spire or its community partners to learn more about options by calling 211 or visiting spireenergy.com/assistance.

About Spire

At Spire (NYSE: SR), our vision is to deliver a stronger energy future as an industry-leading natural gas provider. We safely and reliably serve the natural gas needs of close to 2 million homes and businesses through gas utilities in Alabama, Mississippi, Missouri and Tennessee, making us one of the largest publicly traded natural gas companies in the country. We are committed to transforming our business through growing organically, investing in infrastructure and driving continuous improvement. Learn more at SpireEnergy.com.

Investor Contact:
Megan L. McPhail
314-309-6563
Megan.McPhail@SpireEnergy.com

Media Contact:
Jason Merrill
314-342-3300
Jason.Merrill@SpireEnergy.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/spire-missouri-rate-case-filing-supports-continued-investments-in-safety-and-reliability-302926996.html

SOURCE Spire Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much would residential bills increase under Spire Missouri's rate request?

If approved as filed, assuming current natural gas market conditions, average residential bills would increase approximately $10 per month, or 11%, in western Missouri and approximately $13 per month, or 15%, in eastern Missouri.

When would Spire Missouri's proposed new rates take effect?

New rates would take effect next fall, subject to approval. The Missouri Public Service Commission typically completes its review within approximately eleven months of filing.