Ameren UEs Greed-Missouri-Nuclear Reactor-

Here is some of the latest news on Energy (Electricity) Issues affecting the St Louis Area, Ameren UEs Nuclear Reactor Agenda is just plain GREEDY and will cost us the rate payers now and in the future.

  • Ameren’s goal is to charge the people of the St Louis Area, the ratepayers, millions of dollars up front for an unnecessary, risky, and expensive power plant rather than investing in the cheapest energy resource available, energy efficiency
  • The proposed legislation would chip away at a 1976 ballot initiative supported 2-to-1 by Missouri voters. This law protects Missourians from investor-owned utilities charging ratepayers up-front for the construction of a power plant until it is producing electricity.
  • The proposed legislation-SB 321 and SB 406– would chip away at a 1976 ballot initiative supported 2-to-1 by Missouri voters. This law protects Missourians from investor-owned utilities charging ratepayers up-front for the construction of a power plant until it is producing electricity.
  • Therefore, Ameren must pass SB 321 or SB 406 which shifts the financial risk of investment of a new nuclear plant from shareholders to ratepayers. But while shareholders dodge the risk, they still receive a financial windfall if/when the reactor comes online and Ameren then sells the excess electricity out of state for a premium.
  • Ameren can easily meet Missouri’s energy needs through energy efficiency instead of raising your electric rates to pay for a $6 billion nuclear reactor. In the St. Louis Post Dispatch on February 25, Steve Kidwell, Ameren Missouri Vice President of Regulatory Affairs, said:
  1. "If we went after the potential that we’ve seen in our own study, we wouldn’t have to build another power plant for 20 years, and

    we could retire Meramec, and we’d be OK. But we’d lose $30 million a year. And we just can’t do that. It’s that simple."

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