CAPE GIRARDEAU, MO (KFVS) - Ameren Missouri announced a new “Smart Energy Plan” to upgrade and modernize their infrastructure.
The plan includes more than 2,000 electric projects with the goal of modernizing the energy grid and enhancing how customers receive and consume electricity for generations to come, all while keeping electric rates stable and predictable.
“Building a smart grid for the future of energy in Missouri is foundational to our mission to power the quality of life for our customers and the communities we serve for generations to come,” said Michael Moehn, president of Ameren Missouri. “We have developed a forward-thinking and customer-focused infrastructure upgrade plan that will not only produce a grid that is more reliable and resilient, but also be able to accommodate more renewable energy.”
Ameren Missouri filed the plan with the Missouri Public Service Commission. Highlights of the plan include: Infrastructure improvement projects totaling $5.3 billion in capital investments over the next five years. Major renewable energy projects, including wind energy and solar energy. New smart grid sensors, switches and self-healing equipment to rapidly detect, isolate and restore outages.
Installing 12,000 new utility poles for storm hardening, many fortified with composite materials to better withstand severe weather. More than 400 miles of new underground cable and equipment to create a more efficient and reliable underground energy delivery system. Adding more than 800,000 smart electric meters through 2023 to give customers more insight and control of their energy options and costs.
Additional Smart Energy Plan Highlights: Stable rates in the form of a 6 percent rate cut that took effect last August, a base rate freeze until April 2020, and first-ever caps on rate increases. Creation of thousands of direct and indirect jobs in Missouri communities as a result of the planned projects.
Economic development incentives to qualifying new and existing businesses to encourage local businesses to grow and to attract new businesses to Missouri.
Customers can learn more about the plan at AmerenMissouri.com/SmartEnergyPlan, or by attending an informational public stakeholder meeting that opens at 5:30 p.m. March 4 at the Millbottom Event Center, 400 W. Main St. in Jefferson City, Mo., with a presentation starting at 6 p.m.