Kirkwood Electric customers in Missouri are set to experience a significant rate increase, marking the first time in years that rates will surpass those of neighboring Ameren Missouri. Starting November 1st, customers will face a 14.8% hike in their bills, resulting in an estimated $15 monthly increase for some households. This adjustment comes after Kirkwood Electric invested over $13 million to modernize its infrastructure and restore reserve balances, which city officials project will take five years to replenish.