PR Newswire
ST. LOUIS, Feb. 15, 2019
ST. LOUIS, Feb. 15, 2019 /PRNewswire/ -- Ameren Missouri announced this week the largest infrastructure upgrade plan in the company's history. The Smart Energy Plan includes more than 2,000 electric projects over the next five years that will modernize the energy grid and enhance how customers receive and consume electricity for generations to come, all while keeping electric rates stable and predictable.
"Building a smart grid for the future of energy in Missouri is foundational to our mission to power the quality of life for our customers and the communities we serve for generations to come," said Michael Moehn, president of Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE). "We have developed a forward-thinking and customer-focused infrastructure upgrade plan that will not only produce a grid that is more reliable and resilient, but also be able to accommodate more renewable energy. Our Smart Energy Plan will position us to deliver on our promises to provide more customer benefits, while at the same time keeping rates stable and predictable."
Ameren Missouri filed the plan with the Missouri Public Service Commission (PSC) on Thursday. The forward-thinking plan was driven by constructive energy legislation (Missouri Senate Bill 564) that was enacted in 2018. That legislation was widely supported by customers, business organizations, unions and a bipartisan majority of the Missouri General Assembly.
The PSC filing, including a five-year capital investment overview and detailed one-year plan for 2019, sets forth the projects Ameren Missouri plans to implement to modernize energy grid infrastructure in Missouri to benefit its customers and offer them more tools to manage their energy usage.
Upgrades in reliability, resilience and service throughout the energy company's 24,000-square-mile service territory are the foundation of the plan. Highlights include:
Additional Smart Energy Plan Highlights:
"Our customer-focused plan supports Ameren Missouri's vision to lead the way to a secure energy future, making our state an even better place to live and do business," Moehn said.
Customers can learn more about the plan at AmerenMissouri.com/SmartEnergyPlan, or by attending an informational public stakeholder meeting that opens at 5:30 p.m. March 4 at the Millbottom Event Center, 400 W. Main St. in Jefferson City, Mo., with a presentation starting at 6 p.m.
To view the complete Smart Energy Plan filing, including detailed projects in 2019, visit the Missouri PSC website at https://psc.mo.gov/ and refer to File No. EO-2019-0044.
Ameren Missouri has been providing electric and natural gas service for more than 100 years, and the company's electric rates are among the lowest in the nation. Ameren Missouri's mission is to power the quality of life for its 1.2 million electric and 130,000 natural gas customers in central and eastern Missouri. The company's service area covers 64 counties and more than 500 communities, including the greater St. Louis area. For more information, visit AmerenMissouri.com or follow us on Twitter at @AmerenMissouri or Facebook.com/AmerenMissouri.
(Editor's note to media: Downloadable photos, video and audio are available in Ameren's media room.)
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 under Risk Factors in Ameren Corporation's Annual Report on Form 10-K for the year ended December 31, 2017, 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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