Ameren Missouri files plan with Missouri Public Service Commission to help spur economic growth in the state

Powering Missouri Growth Plan aims to reliably serve new, large businesses while maintaining reasonable rates and reliable service for all customers

Ameren Missouri announces it has filed a plan with the Missouri Public Service Commission (PSC) to accommodate the growing energy needs of large, energy-intensive customers. The company's Powering Missouri Growth Plan aims to ensure Ameren Missouri can reliably serve these new customers, including advanced manufacturing and data centers, while maintaining reasonable rates and reliable service for all customers. 

"Ameren Missouri's Powering Growth Plan is designed to attract new jobs and investment, help current customers expand and further position our communities as a great place to live and do business," said Mark Birk, chairman and president of Ameren Missouri. "Ameren Missouri is uniquely positioned to accommodate the energy needs of these new and expanding businesses, which will bring tremendous economic benefits to Missouri and our communities."

Additionally, the company's filing includes several consumer protection components designed to protect all stakeholders in accordance with the recently passed Senate Bill 4. Passed by the General Assembly with bipartisan support and signed into law by the governor, the measures included in SB 4 will go into effect on Aug. 28. 

If approved by the PSC, the plan would offer a competitive, yet structured approach designed so new large customers pay their fair share of the costs of providing electric service to them, while maintaining just and reasonable rates for all customers.

"Companies who use a lot of energy evaluate many factors when they are looking to locate their business in a community," said Rob Dixon, senior director of economic and community development for Ameren Missouri. "At Ameren Missouri, we offer a balanced energy mix, a reliable energy delivery system and some of the lowest electric rates in the country. We want those companies to know Missouri is open for business, and we are ready to serve them. When businesses grow here, they create jobs and spur millions of dollars in investment in our local communities."

Ameren Missouri is well positioned to accommodate these new economic development projects now and into the future. The company recently announced a significant change to its generation strategy, accelerating key investments to support robust economic expansion, bolster reliability and create jobs across the state.

"Abundant, reliable energy powers meaningful economic growth in Missouri," said Ajay Arora, senior vice president and chief development officer at Ameren Missouri. "Our focus has been on making significant investments in a balanced mix of generation resources to provide reliable, lowest-cost, cleaner energy for our customers. Through our generation plan, we are committed to making our state an attractive destination for new and expanding businesses."

The revision to Ameren Missouri's Preferred Resource Plan in its Integrated Resource Plan is designed to serve up to 2.0 gigawatts of expected new energy demand by 2032, with a balanced mix of generation resources to deliver reliable, affordable energy for all customers.