Missouri Power Company Ameren Receives $182 Million of Funding for Efficiency Programs in 2018, Reducing Rates for Customers

by | May 6, 2019

Ameren has released its 2019 sustainability report. In it, the St. Louis-based power company states that it is targeting an 80% reduction in carbon emissions by 2050. The company, with 2.4 million customers, also announced that it spent $182 million on electric and natural gas energy efficiency programs in 2018.

In terms of modernizing the electric grid, Ameren developed a smart energy plan that includes $6.3 billion in investments from 2019 through 2023 in Missouri that will, among other things, accelerate the company’s investment in smart grid technologies and renewable energy. As for Illinois, Ameren has invested $10.6 billion and implemented thousands of system reliability projects by adding new technology and fortifying the energy grid. According to Ameren, these initiatives has improved grid reliability by 20%.

The utility says its customers are benefitting. According to the sustainability report, Ameren’s Missouri’s residential rates are 18% lower than the Midwest average. Ameren Illinois’ residential rates are 19% lower than the Midwest average.

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