Diverse Energy Base and Nationally Low Rates
St. Joseph’s central location – just 35 minutes north of Kansas City’s International Airport – and powerful telecommunications and energy resources create the perfect environment for business. Due to the city’s regional position in the Midwest, a blend of wind power, coal, natural gas and hydroelectric power keeps a balanced mix built around energy reduction and reliability, while energy industry leaders continue to expand this diverse base.
Missouri, as a state, had the eighth lowest average commercial electricity costs in 2010, at 7.49 cents/kWh (EIA). Missouri ranked third overall for business energy costs, including electricity and fuel, by the Small Business and Entrepreneurship Council in 2010.
St. Joseph’s electrical utilities are extremely competitive with other areas of the country. Headquartered in Kansas City, Mo., KCP&L provides electrical service to St. Joseph and ranks among the largest wholesale marketers of electricity and natural gas in North America.
Regional users have seen rate increases in the minimal to low range for nearly the past three decades – providing significant savings over 80 percent rate increases in eastern regions. In fact, KCP&L’s electric rates are among the lowest in the state and region. KCP&L offers economic development rate reductions for a period of five years with the following percentage reductions by year after start-up: year 1 – 30 percent, year 2 – 25 percent, year 3 – 20 percent, year 4 – 15 percent and year 5 – 10 percent for companies that meet their criteria.
KCP&L consistently ranks among the nation’s leaders for uninterrupted electric service, continuing to earn high satisfaction rates in professional surveys. Reflecting the region’s commitment to business growth, the company strives to enhance its delivery system within the Southwest Power Pool and serves as a corporate leader while providing power to 80 percent of the region.
As a subsidiary of the country’s largest investor-owned water utility, Missouri American Water enjoys the expertise, technical support and financial advantages of a nationwide network combined with localized knowledge and personalized service. Missouri American supplies the water needs of nearly 200,000 people throughout the state and provides economic development rates for heavy users. Customers are served by Missouri American’s new ground water treatment plant that provides state-of-the-art purification and treatment of ground water to commercial and residential customers in St. Joseph and the surrounding communities.
Through Missouri American Water Company’s Economic Development Rider, geared toward industrial and commercial development in Missouri, eligible customers will receive discounts of 30 percent, 24%, 20 percent, 15 percent, and 10 percent off their pre-tax bills during their first, second, third, fourth, and fifth contract years, respectively, if applicable conditions are met.
Pre-Treatment Plant in City’s Manufacturing Area
The South Side Industrial Pre-Treatment Plant servs the industrial park, providing a distinct advantage in St. Joseph toward meeting manufacturers’ needs.
Natural gas utilities are provided by Missouri Gas Energy (MGE), which serves 460,000 customers in central and western Missouri. MGE receives natural gas through long-term contracts with major interstate pipeline companies such as William Natural Gas Company and Panhandle Eastern Pipeline Company. Through innovative purchase of gas on the spot market, MGE is able to ensure a dependable and economical supply. Rates are about 20 percent below the national average. An economic development rate is available that can save new businesses up to 50 percent of the commodity rate.The data contained in this website is for information purposes. Although steps have been taken to guard its accuracy and up-to-date nature, the St. Joseph Chamber of Commerce assumes no legal responsibility for the informational content contained herein.