Transmission projects to bolster grid resiliency and energy
reliability for millions of customers
ST.
LOUIS, Jan. 14, 2025 /PRNewswire/ -- The
Midcontinent Independent System Operator (MISO) has selected Ameren
to build multiple critical energy infrastructure projects that will
carry clean, reliable energy to distribution grids in Missouri, Illinois and several Midwest states. The
projects, which MISO estimates will represent a total investment of
approximately $1.3 billion, are part
of a portfolio of energy infrastructure investments under MISO's
Long-Range Transmission Plan.
"As demand for reliable energy increases, it is imperative that
we strengthen the transmission system to utilize diverse energy
resources across the Midwest to support the needs of our residents
and businesses," said Shawn
Schukar, chairman and president of Ameren Transmission
Company of Illinois, a subsidiary
of Ameren Corporation (NYSE: AEE). "The energy delivered by these
projects will boost reliability and enable the bi-state region to
compete for economic development opportunities, including the
expansion and relocation of energy-intensive industries. Ameren can
get these transmission systems energized faster and for less cost
than other companies. We appreciate MISO's confidence in our team
to take on these important projects."
The energy corridors identified in MISO's Tranche 2.1 portfolio
will work in conjunction with Ameren's current transmission system
to enhance reliability and resiliency for customers while
supporting economic development. Increasing access to diverse
energy resources across the MISO footprint will ensure customer
affordability and access to clean energy for millions of
people.
Ameren plans to bid on other infrastructure projects in Tranche
2.1 where the company's capabilities and current resources would
enhance reliability, resiliency and affordability for
customers.
"While Ameren participated in the competitive bidding process
for Tranche 1 and plans to do so again, we believe in establishing
energy policy that allows the trusted local provider to develop
these projects, reducing unnecessary costs and delivering value to
the customers sooner," said Schukar. "When we lead these critical
projects, we finish them faster and maximize economic
development."
For more information on the Tranche 2.1 portfolio, including
project maps, visit MISOenergy.org. To learn more about current and
previous transmission projects, visit Ameren.com/Transmission.
About Ameren Corporation
St.
Louis-based Ameren Corporation powers the quality of life
for 2.4 million electric customers and more than 900,000 natural
gas customers in a 64,000-square-mile area through its Ameren
Missouri and Ameren Illinois rate-regulated utility subsidiaries.
Ameren Illinois provides electric transmission and distribution
service and natural gas distribution service. Ameren Missouri
provides electric generation, transmission and distribution
services, as well as natural gas distribution service. Ameren
Transmission Company of Illinois
develops, owns and operates rate-regulated regional electric
transmission projects in the Midcontinent Independent System
Operator, Inc. For more information, visit Ameren.com, or follow us
on X at @AmerenCorp, Facebook.com/AmerenCorp, or
LinkedIn.com/company/Ameren.
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SOURCE Ameren Corporation
