The Empire District Electric Co. (EDE) reported that the shareholder proposal requesting a report on actions the company is taking or could take to reduce risk throughout its energy portfolio by pursuing all cost-effective energy efficiency resources was rejected by shareholders by an 86 to 14 percent margin.
The Empire board of directors had recommended a vote against the proposal as they did not believe it would provide additional benefit to Empire or its stockholders.
Empire currently offers many energy efficiency programs for its customers, and many of these were available prior to the enactment of the Missouri Energy Efficiency Investment Act (MEEIA). These programs have the same goal as MEEIA, encouraging cost-effective energy efficiency programs for customers and encouraging efficient use of energy.
Based in Joplin, Missouri, EDE is an investor-owned utility providing electric, natural gas (through its wholly owned subsidiary The Empire District Gas Co.) and water service, with about 216,000 customers in Missouri, Kansas, Oklahoma and Arkansas.