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Missouri utilities push legislation to charge customers upfront costs to build gas plants

2 months 3 weeks ago
Missouri’s two largest electric utilities want the state’s permission to charge customers for natural gas power plants before they’re completed. Both Evergy and Ameren Missouri asked the Missouri House Utilities Committee on Wednesday to support legislation that would allow them to charge customers for natural, or methane, gas power plants even before they’re completed, saying the state needs more electrical power. Because Ameren, Evergy and other Missouri electric companies are monopolies,…
Allison Kite

Stifel's profit jumps, fueled by investment banking

2 months 3 weeks ago
Stifel Chairman and CEO Ron Kruszewski told financial analysts Wednesday that its investment banking franchise is well-positioned to capitalize on improving market conditions this year and he was bullish on President Donald Trump's administration.
James Drew

U.S. Bancorp names Gunjan Kedia CEO

2 months 3 weeks ago
Gunjan Kedia, 54, started at the bank in 2016 and was promoted to president of the bank last summer — a strong signal by the Minneapolis-based bank, which is St. Louis' largest, that she would soon be elevated to the top executive rank.
Keith Schubert

Gov. Mike Kehoe dips deeply into surplus as Missouri budget grows to nearly $54B

2 months 4 weeks ago
A boost Missouri Gov. Mike Kehoe touts as the largest increase in public school funding in two decades will fall about $300 million short of meeting the targets set in state law for public education. He also suggests shifting $50 million into a program that helps pay for students to attend private and religious schools. Kehoe, elected in November, presented his first budget Tuesday. Overall, he is asking lawmakers to use about $2.5 billion of accumulated surplus cash to balance a $53.7 billion…
Rudi Keller

After years of pedestrian crashes outside Ted Drewes, road safety improvements underway

2 months 4 weeks ago
A stretch of Chippewa Street outside Ted Drewes Frozen Custard is undergoing long-awaited safety improvements after years of serious pedestrian crashes, the city of St. Louis announced Tuesday. "We are taking advantage of the frozen custard season being on hiatus and are now at work installing safety improvements along Chippewa by Ted Drewes," the city said in a post to social media platform X. Improvements include "bump-out" curb extensions, barriers, a crosswalk and new lighting. The east parking…
Kelsi Anderson

Missouri governor vows state takeover of St. Louis police in State of the State address

2 months 4 weeks ago
Missouri Gov. Mike Kehoe doubled down on his support for a state takeover of the St. Louis Police Department on Tuesday, telling lawmakers during his first State of the State address that crime in the city is “unacceptable.” He also waded carefully into the debate over abortion, stopping short of suggesting any rollback of reproductive rights that were enshrined by voters into the state constitution and instead proposing additional funding for alternatives to the procedure.  “Let’s work…
Jason Hancock