PR Newswire
ST. LOUIS, March 11, 2019
ST. LOUIS, March 11, 2019 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) has issued a new report, Building a Cleaner Energy Future, a comprehensive look at the steps the company is taking to meet its obligation to provide safe, reliable and affordable energy in an environmentally responsible manner to its customers and the communities it serves while effectively balancing climate-related risks. The report is available at Ameren.com/Sustainability.
Ameren's strategy for addressing climate risk, which is largely embedded in Ameren Missouri's comprehensive Integrated Resource Plan (IRP), is expected to deliver significant reductions in carbon emissions while effectively managing and balancing key climate risks (including policy, legal, physical, reputational and financial risks) with customer costs and reliability.
Highlights of the report include:
"We are executing a comprehensive and balanced strategy that will meet the long-term energy needs of our customers in a safe, reliable and cost-effective manner, while significantly reducing carbon emissions and managing other key risks," said Warner L. Baxter, chairman, president and chief executive officer of Ameren Corporation. "Looking ahead, we will continue to invest in critical energy infrastructure and foster innovation as we remain focused on building a brighter and cleaner energy future for our customers, the communities we serve and our country."
A key component of the plan is the transition of Ameren Missouri's generation portfolio to cleaner and more diverse sources of generation in a responsible fashion, including the addition of at least 700 megawatts (MW) of new wind generation by 2020 and 100 MW of solar generation by 2027. Ameren Missouri has already entered into agreements to acquire, after construction, two wind generation facilities for 400 MW and up to 157 MW. The Missouri Public Service Commission has approved the acquisition of both facilities. In addition, Ameren Missouri plans to retire its 832 MW fossil-fuel-fired Meramec Energy Center in 2022.
"We are committed to do our part to protect and preserve the environment," said Gwen Mizell, senior director of Corporate Social Responsibility at Ameren. "This report details our robust and thoughtful plan that will deliver results to benefit our customers and other stakeholders for generations."
About Ameren
St. Louis-based Ameren Corporation powers the quality of life for 2.4 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois rate-regulated utility subsidiaries. Ameren Illinois provides electric transmission and distribution service and natural gas distribution service. Ameren Missouri provides electric generation, transmission and distribution service, as well as natural gas distribution service. Ameren Transmission Company of Illinois develops, owns and operates rate-regulated regional electric transmission projects. For more information, visit Ameren.com, or follow us on Twitter at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren.
FORWARD-LOOKING STATEMENTS
Statements in this release not based on historical facts are considered "forward-looking" and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there is no assurance that the expected results will be achieved. These statements include (without limitation) statements as to future expectations, beliefs, plans, strategies, objectives, events, conditions, and financial performance. In connection with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we are providing this cautionary statement to identify important factors that could cause actual results to differ materially from those anticipated. The following factors, in addition to those discussed within Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2018, and elsewhere in this release and in our other filings with the Securities and Exchange Commission, could cause actual results to differ materially from management expectations suggested in such forward-looking statements:
New factors emerge from time to time, and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained or implied in any forward looking statement. Given these uncertainties, undue reliance should not be placed on these forward-looking statements. Except to the extent required by the federal securities laws, we undertake no obligation to update or revise publicly any forward looking statements to reflect new information or future events.
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SOURCE Ameren Corporation
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