ST. LOUIS, April 8, 2019 /PRNewswire/ -- Ameren
Missouri electric customers now have new, innovative ways to reduce
their energy usage and save money on their energy statements
without sacrificing comfort. Customers can begin to take advantage
of $120 million in incentives and
rebates at AmerenMissouriSavings.com.
"The power to control energy use is as easy as the flip of a
switch or the turn of a dial," said Michael
Moehn, president of Ameren Missouri, a subsidiary of Ameren
Corporation (NYSE: AEE). "Every one of our customers has multiple
opportunities to save. This is the broadest, most comprehensive
energy savings program in the state."
Ameren Missouri has 26 energy efficiency programs designed
specifically to help residential and business customers reduce
energy costs. The options include 15 all-new programs, with
$50 million allocated for
income-eligible customers and social service agencies.
"Reducing customers' energy costs can help ease financial
stress, keep homes more comfortable, and allow social service
agencies to devote a larger amount of their resources to the
great work they're doing to improve our community," said
Matt Forck, assistant vice president
of community, economic development and energy solutions at Ameren
Missouri.
One program, Peak Time Savings gives residential customers
a $50 sign-up bonus plus a
$25 check each summer to participate
in the program. Other programs allow customers to take advantage of
savings on new energy-efficient equipment for their home or
business and long-term energy savings over the life of that
equipment.
"Being more efficient with energy use is good for our
environment. The total reduction in carbon emissions from targeted
energy savings is the equivalent of removing 126,500 cars from the
road and will help achieve our goal of reducing carbon emissions by
80 percent by 2050," Moehn said.
Ameren Missouri expects to invest $226
million over the life of the energy efficiency programs,
which in turn would provide $592
million in benefits for customers. The income-eligible and
social service agency programs will be available through
December 2024. All other programs
will be available through December
2021.
In addition to new energy efficiency programs to help customers
save, Ameren Missouri's recently announced Smart Energy Plan
includes a freeze on base electric rates until April 2020 and rate caps to limit the size of any
future rate increases.
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 127,000 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 on Twitter 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 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:
- regulatory, judicial, or legislative actions, and any changes
in regulatory policies and ratemaking determinations, , and future
regulatory, judicial, or legislative actions that change regulatory
recovery mechanisms;
- the effect of Missouri Senate
Bill 564 on Ameren Missouri, including as a result of Ameren
Missouri's election to use plant-in-service accounting and the
resulting customer rate caps;
- 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
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, energy storage, 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;
- the cost and availability of fuel, such as ultra-low-sulfur
coal, natural gas, and enriched uranium, used to produce
electricity; the cost and availability of purchased power, zero
emission credits, renewable energy credits, and natural gas for
distribution; and the level and volatility of future market prices
for such commodities and credits, including our ability to recover
the costs for such commodities and credits and our customers'
tolerance for any related price increases;
- the effectiveness of our risk management strategies and our use
of financial and derivative instruments;
- the impact of cyberattacks on us or our suppliers, which could,
among other things, result in the loss of operational control of
energy centers and electric and natural gas transmission and
distribution systems and/or the loss of data, such as customer,
employee, financial, and operating system information;
- business and economic conditions, including their impact on
interest rates, collection of our receivable balances, and demand
for our products;
- disruptions of the capital markets, deterioration in our credit
metrics, including as a result of the implementation of the TCJA,
or other events that may have an adverse effect on the cost or
availability of capital, including short-term credit and
liquidity;
- the actions of credit rating agencies and the effects of such
actions;
- the inability of our counterparties to meet their obligations
with respect to contracts, credit agreements, and financial
instruments;
- the impact of weather conditions and other natural phenomena on
us and our customers, including the impact of system outages;
- the construction, installation, performance, and cost recovery
of generation, transmission, and distribution assets;
- the effects of breakdowns or failures of electric generation,
transmission, or distribution equipment or facilities, which could
cause unplanned liabilities or outages;
- the operation of Ameren Missouri's Callaway energy center, including planned and
unplanned outages, and decommissioning costs;
- the impact of current environmental laws and new, more
stringent, or changing requirements, including those related to
carbon dioxide and the proposed repeal and replacement of the Clean
Power Plan and potential adoption and implementation of the
Affordable Clean Energy rule, other emissions and discharges,
cooling water intake structures, coal combustion residuals, and
energy efficiency, that could limit or terminate the operation of
certain of Ameren Missouri's energy centers, increase our operating
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 complying with renewable energy requirements in
Missouri;
- Ameren Missouri's ability to acquire wind and other renewable
generation facilities and recover its cost of investment and
related return in a timely manner, which is affected by the ability
to obtain all necessary project approvals; the availability of
federal production and investment tax credits related to renewable
energy and Ameren Missouri's ability to use such credits; the cost
of wind and solar generation technologies; and Ameren Missouri's
ability to obtain timely interconnection agreements with MISO or
other regional transmission organizations, including the costs of
such interconnections;
- labor disputes, work force reductions, changes in future wage
and employee benefits costs, including those resulting from changes
in discount rates, mortality tables, returns on benefit plan
assets, and other assumptions;
- 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 to
protect sensitive customer information, increases in rates, or
negative media coverage;
- the impact of adopting new accounting guidance;
- the effects of strategic initiatives, including mergers,
acquisitions, and divestitures;
- legal and administrative proceedings; and
- acts of sabotage, war, terrorism, or other intentionally
disruptive acts.
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SOURCE Ameren Missouri