ST. LOUIS, June 4, 2018 /PRNewswire/ -- Ameren Missouri is
laying out plans for the largest energy efficiency program in state
history. The proposed group of programs, detailed in a filing with
the Missouri Public Service Commission (PSC), focus on:
- Saving customers money.
- Providing customers with more control over their energy
use.
- Adding more ways for customers to participate.
- Expanding programs to provide energy savings for customers most
in need.
"Customers are going to have new, meaningful ways to save money,
enjoy more control over their energy use and positively impact the
environment," said Michael Moehn,
president of Ameren Missouri, a subsidiary of Ameren Corporation
(NYSE: AEE). "Investing in energy efficiency is a key part in our
transition to cleaner energy in a way that is cost-effective and
environmentally responsible."
The current proposal under the Missouri Energy Efficiency
Investment Act includes 26 programs with $285 million in rebates available for both
residential and business customers. If approved by the PSC, the
programs will run from 2019 to 2024.
"By expanding the program to six years, we're able to include a
wider range of options, including 15 new programs," said
Bill Davis, director of energy
efficiency and renewables at Ameren Missouri. "There are savings
opportunities for every home and business, including specific
savings for limited-income customers and social service
agencies."
Ameren Missouri's plan calls for investments of nearly
$92 million per year for the next six
years on electric energy efficiency. As a result, the program
intends to save 2 billion kilowatt hours of energy, further
reducing carbon emissions and taking the equivalent of nearly
319,000 cars off the road.
"The energy savings opportunities provided under the proposed
program are an important component of Ameren Missouri's goal of
reducing carbon emissions 80 percent by 2050," Moehn said.
There is still time to take part in current energy efficiency
opportunities offered through Ameren Missouri. Visit
AmerenMissouri.com/EnergyEfficiency.
Ameren Missouri has been providing electric and 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 Ameren.com/Missouri or follow us at @AmerenMissouri or
Facebook.com/AmerenMissouri.
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:
- regulatory, judicial, or legislative actions, including changes
in regulatory policies and ratemaking determinations and actions
that change regulatory recovery mechanisms and the resulting
impacts on our results of operations, financial position, and
liquidity;
- the effects of changes in federal, state, or local laws and
other governmental actions, including monetary, fiscal, and energy
policies;
- the effects of changes in federal, state, or local tax laws,
regulations, interpretations, or rates, amendments or technical
corrections to the Tax Cuts and Jobs Act of 2017 (TCJA), and any
challenges to the tax positions we have taken;
- the effects on demand for our services resulting from
technological advances, including advances in customer
energy-efficiency and private generation sources, which generate
electricity at the site of consumption and are becoming more
cost-competitive;
- the effectiveness of Ameren Missouri's customer
energy-efficiency programs and the related revenues and performance
incentives earned under its Missouri Energy Efficiency Investment
Act programs;
- our ability to align overall spending, both operating and
capital, with frameworks established by our regulators and to
recover these costs in a timely manner in our attempt to earn our
allowed returns on equity;
- business and economic conditions, including their impact on
interest rates, collection of our receivable balances, and demand
for our products;
- the impact of weather conditions and other natural phenomena on
us and our customers, including the impact of system outages;
- the impact of current environmental regulations and new, more
stringent, or changing requirements, including those related to
CO2, other emissions and discharges, cooling water
intake structures, CCR, and energy efficiency, that are enacted
over time and that could limit or terminate the operation of
certain of Ameren Missouri's energy centers, increase our costs or
investment requirements, result in an impairment of our assets,
cause us to sell our assets, reduce our customers' demand for
electricity or natural gas, or otherwise have a negative financial
effect;
- the impact of negative opinions of us or our utility services
that our customers, legislators, or regulators may have or develop,
which could result from a variety of factors, including failures in
system reliability, failure to implement our investment plans or
protect sensitive customer information, increases in rates, or
negative media coverage;
- the inability of our counterparties to meet their obligations
with respect to contracts, credit agreements, and financial
instruments; and
- the impact of cyber attacks, which could, among other things,
result in the loss of operational control of energy centers and
electric transmission and distribution systems and/or the loss of
data, such as customer, employee, financial, and operating system
information.
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 Missouri