St. Louis, January 20, 2012 — Ameren Missouri, a unit of Ameren Corp., filed with the Missouri Public Service Commission a three-year plan that includes an aggressive portfolio of energy efficiency programs, the largest such plan in the state of Missouri.
The expenditures for the new programs will be about twice the size of the utility company's previous energy efficiency programs. The proposal is Ameren Missouri's first request for approval of new and expanded energy efficiency programs under the Missouri Energy Efficiency Investment Act.
MEEIA represents a shift in energy policy towards partnering with customers to use energy more efficiently to meet future needs. Additionally, it provides clear objectives for the state of Missouri to pursue cost-effective energy efficiency programs, while requiring the programs be designed to ensure utilities' financial incentives are aligned with helping customers use energy more efficiently.
The programs include energy efficiency investments of about $145 million over three years, beginning early January 2013. These investments are expected to result in approximately $500 million in total customer benefits over the next 20 years. Annual energy savings are expected to be nearly 800 million kWh, which is equal to the energy consumption of more than 60,000 average Missouri homes annually.
Costs and related incentives associated with this program will be reimbursed to Ameren Missouri over the next three to five years.
The MEEIA filing must be approved by the MPSC before it can take effect in early 2013.
Ameren Missouri has been providing electric and gas service for more than a century, and our electric rates are among the lowest in the nation. The company serves 1.2 million electric and 126,000 natural gas customers in central and eastern Missouri.