Electric rates are falling later this summer for Ameren Missouri customers, thanks to a new law updating century-old policies in the state.
In addition to a rate cut, estimated at around five percent for Ameren Missouri customers, the legislation also will benefit customers by capping rates and accelerating utility investments to modernize Missouri’s electric grid, which benefits customers by making the grid smarter and more secure.
Missouri Senate Bill 564, which was signed into law earlier this month, was widely supported by customers, business organizations, unions and a bipartisan majority of more than 85 percent of the Missouri General Assembly.
“For years our customers have expressed a desire for more stable and predictable energy bills, as well as a modernized electric grid that is smarter and more resilient to outages,” said Michael Moehn, president, Ameren Missouri. “The new law delivers on this important task. We look forward to delivering a plan that will greatly benefit our customers, create jobs, bolster the grid and enable new economic growth in Missouri. We thank the coalition of customers, businesses, community organizations and lawmakers that came together this year to upend the status quo and make energy infrastructure improvement and customer rate stability a reality.”
In addition to rate cuts and caps, the legislation makes possible a comprehensive plan that will accelerate the pace of deploying smart grid technologies throughout the Ameren Missouri service territory. The plan will update the energy delivery system with modern infrastructure that will make it more resilient.
Elements of the new law include:
- Rate Cut – By updating century-old regulations, the law fosters the quick return of more than $100 million annually in federal tax savings to Ameren Missouri customers, which translates to a more than five percent rate cut for the average customer.
- Rate Freeze – The bill freezes rate adjustments for Ameren Missouri customers until April 2020.
- Rate Caps – Over the next five years, the law limits Ameren Missouri rate increases to a 2.85 percent compound annual growth rate, applied to electric rates established April 1, 2017. This unprecedented rate cap, the first in Missouri and the most stringent in the United States, represents an average increase of about half the annual average electric rates have gone up each year over the past decade in Missouri, for investor-owned utilities.
- Grid Modernization – A $1 billion plan from Ameren Missouri will create jobs in the state of Missouri, bolster grid security and upgrade the energy delivery system with smart technologies. The full plan, detailing improvements over the next five years, is expected to be submitted to the Missouri Public Service Commission (PSC) by early 2019.
- Solar Energy – The law encourages renewable energy by providing up to $28 million in solar rebates for customers, starting in 2019. The law also calls for Ameren Missouri to allocate $14 million to utility-owned solar by 2023.
- Economic Development – To drive economic growth, rate incentives were established to support Missouri businesses that expand their operations.
“As advocates for families, small businesses and households, we are pleased that the new law provides for the first rate caps in Missouri and will return more than $100 million to consumers within 90 days of becoming law,” said Chris Ventura, Midwest executive director of the Consumer Energy Alliance, a national advocate for energy consumers. “We look forward to working together with Missouri policymakers to support building the energy infrastructure that not only provides upgraded capabilities but also protects the pocketbooks of people on fixed incomes or living paycheck to paycheck. Nothing is more important to us than ensuring energy consumers – especially those struggling to make ends meet – are treated fairly. We also support provisions of the new law that help grow Missouri’s economy through job creation, as a result of energy grid modernization, and by providing incentives for large energy users who expand their businesses. Business growth helps keep energy costs down for all consumers.”
“The rate cuts and caps signed into law will allow businesses to grow, while the economic development incentives included in SB 564 will further enhance Missouri’s reputation as a low-cost energy state,” said Daniel P. Mehan, president and CEO of the Missouri Chamber of Commerce. “The work done during the 2018 legislative session to make Missouri a better place to create jobs is some of the most productive in the past decade. In particular, the Missouri Chamber of Commerce and Industry is proud to have worked with lawmakers to cut utility bills for Missourians.”
While the law included a 90-day deadline for utilities to pass along savings from the federal tax cuts to customers, Ameren Missouri plans to move even quicker to return more than $100 million to customers and reduce rates, which started with a filing with the PSC made on June 1, within hours of the bill becoming law. Subject to Missouri PSC approval, Ameren Missouri hopes to have this rate cut in place for customers as soon as possible later this summer.
Ameren Missouri has been providing electric and natural gas service for more than 100 years, and the company’s electric rates are among the lowest in the nation. Ameren Missouri’s mission is to power the quality of life for its 1.2 million electric and 130,000 natural gas customers in central and eastern Missouri. The company’s service area covers 64 counties and more than 500 communities, including the greater St. Louis area. For more information, visit Ameren.com/Missouri or follow us at @AmerenMissouri or Facebook.com/AmerenMissouri.
My wife and i have been now excited Ervin could deal with his researching because of the ideas he grabbed through your blog. It’s not at all simplistic to simply choose to be giving out tips which usually a number of people have been making money from. And we all acknowledge we need the blog owner to appreciate for that. The explanations you have made, the easy web site navigation, the friendships your site aid to create – it’s got mostly fabulous, and it’s really helping our son and our family recognize that that article is awesome, and that is unbelievably indispensable. Many thanks for everything!
I simply desired to thank you so much once again. I am not sure the things I would have undertaken without the actual recommendations shown by you on that area of interest. Entirely was an absolute scary crisis for me personally, nevertheless observing this specialized technique you solved the issue made me to leap with gladness. Now i am happier for your advice and in addition hope you comprehend what a powerful job your are doing educating many people by way of your webblog. More than likely you’ve never encountered all of us.
I simply wanted to thank you very much once again. I’m not certain the things that I would have tried without these methods contributed by you relating to this subject. This was the frustrating concern for me, but discovering the expert technique you solved it forced me to leap over happiness. I’m thankful for this support and as well , hope that you know what an amazing job you have been doing educating men and women via your site. Probably you have never encountered any of us.
I intended to send you one little remark in order to say thanks again for all the striking things you have shown above. It’s really wonderfully open-handed with you to provide freely just what a number of people could have sold for an e-book to help make some bucks for themselves, most importantly given that you could possibly have tried it in case you considered necessary. Those thoughts as well served to be a good way to fully grasp other individuals have the same passion similar to my personal own to realize more on the topic of this issue. I know there are several more fun opportunities up front for many who browse through your blog.
I just wanted to construct a quick note in order to thank you for these marvelous tips you are giving here. My extensive internet lookup has at the end been paid with pleasant content to talk about with my neighbours. I ‘d mention that we site visitors are undeniably lucky to dwell in a perfect place with many marvellous people with beneficial advice. I feel rather fortunate to have encountered your entire site and look forward to tons of more awesome times reading here. Thanks again for everything.
I have to express my thanks to you for bailing me out of this particular trouble. As a result of surfing throughout the online world and meeting advice which are not helpful, I figured my life was over. Living minus the strategies to the difficulties you’ve sorted out as a result of your short post is a serious case, and the ones that might have in a wrong way affected my entire career if I had not come across your site. The talents and kindness in touching everything was important. I’m not sure what I would have done if I hadn’t encountered such a subject like this. I’m able to at this time look ahead to my future. Thanks so much for your impressive and sensible help. I will not be reluctant to endorse your web page to any person who ought to have guide on this matter.
Thanks a lot for giving everyone a very spectacular possiblity to read critical reviews from this web site. It’s always very pleasurable and also stuffed with amusement for me and my office acquaintances to search your site really thrice weekly to find out the new stuff you have got. And definitely, we are at all times astounded with all the superb methods served by you. Selected 2 points in this post are rather the most efficient we have all ever had.
I definitely wanted to type a simple message to say thanks to you for some of the amazing recommendations you are posting on this website. My incredibly long internet research has now been rewarded with high-quality suggestions to exchange with my family and friends. I ‘d tell you that most of us site visitors are extremely fortunate to be in a remarkable website with so many wonderful people with valuable tips and hints. I feel truly blessed to have seen your entire web site and look forward to tons of more brilliant minutes reading here. Thank you again for everything.
I actually wanted to jot down a note to thank you for those wonderful techniques you are showing on this website. My long internet investigation has now been rewarded with excellent suggestions to exchange with my friends and family. I ‘d declare that most of us readers are unquestionably blessed to be in a good place with so many special individuals with valuable ideas. I feel very much privileged to have seen your webpage and look forward to really more enjoyable minutes reading here. Thanks a lot once more for all the details.
Thank you so much for providing individuals with an exceptionally wonderful opportunity to discover important secrets from this site. It really is very awesome and packed with fun for me personally and my office acquaintances to search your blog at minimum thrice per week to see the new tips you will have. And definitely, I am also certainly amazed with all the incredible tips you give. Selected 3 tips in this posting are ultimately the most effective we have all ever had.
I and also my buddies have been reading the excellent guidelines on your website and so all of a sudden I had an awful feeling I never expressed respect to the website owner for those secrets. My young men were definitely totally warmed to read all of them and now have truly been using those things. Thanks for actually being simply accommodating as well as for having variety of amazing things most people are really desirous to be informed on. My sincere apologies for not expressing gratitude to you sooner.
I wanted to draft you this bit of note to finally say thanks a lot as before on the unique tricks you have discussed here. This has been certainly extremely open-handed of you to grant publicly all that some people would’ve distributed for an e-book to earn some bucks for their own end, mostly seeing that you could have done it in case you wanted. These points in addition worked to become fantastic way to understand that other people online have the identical fervor just like my own to know way more in regard to this problem. I think there are thousands of more enjoyable times up front for those who read through your blog post.
I intended to create you a tiny remark to say thanks once again for those magnificent views you’ve documented on this site. It was quite tremendously generous with people like you to deliver openly all that a number of people might have marketed as an ebook to get some profit on their own, chiefly considering that you could possibly have tried it if you decided. These tricks also served as a great way to be sure that the rest have similar keenness similar to my very own to know the truth whole lot more regarding this matter. I believe there are several more enjoyable periods in the future for folks who go through your website.
I intended to compose you that very little remark to be able to give thanks again for the exceptional opinions you’ve documented on this website. It’s quite remarkably generous with people like you to offer extensively all a lot of people could possibly have made available for an ebook to end up making some money for their own end, specifically now that you could have tried it in the event you considered necessary. These smart ideas as well acted to provide a great way to be certain that other people have the same desire just as my very own to grasp way more with respect to this issue. I believe there are numerous more pleasant instances ahead for people who take a look at your blog post.
I wanted to send you that very little observation to help say thanks a lot as before considering the magnificent techniques you have contributed in this article. This has been shockingly generous of people like you to grant easily what exactly a lot of people would’ve marketed for an e book to help with making some money on their own, primarily since you could possibly have tried it in the event you wanted. The techniques additionally worked to become a great way to be certain that some people have a similar keenness much like mine to realize very much more on the subject of this problem. I know there are thousands of more fun occasions in the future for those who look into your blog post.
Thanks for your entire effort on this blog. Betty really loves conducting investigations and it is easy to understand why. We notice all concerning the dynamic mode you give simple things by means of this web blog and increase response from website visitors on this topic so our own child is becoming educated a lot. Enjoy the remaining portion of the year. You have been doing a fabulous job.
I have to get across my passion for your kindness for men and women who must have help on that study. Your personal commitment to passing the solution all over was especially valuable and have truly encouraged guys and women just like me to get to their objectives. Your new informative tips and hints denotes so much a person like me and substantially more to my mates. With thanks; from each one of us.
I want to express my appreciation to this writer for bailing me out of this type of setting. After scouting throughout the internet and coming across recommendations which were not helpful, I thought my entire life was well over. Existing devoid of the strategies to the issues you have solved by means of your entire review is a serious case, as well as those which might have adversely affected my career if I hadn’t come across your site. Your personal talents and kindness in handling a lot of things was precious. I am not sure what I would have done if I hadn’t encountered such a point like this. I can at this point relish my future. Thanks a lot very much for the specialized and effective help. I will not think twice to propose your blog post to anybody who needs and wants tips on this subject.
I wanted to construct a quick word in order to say thanks to you for some of the great tips you are placing on this site. My considerable internet look up has now been compensated with wonderful ideas to exchange with my colleagues. I would state that that we readers actually are truly endowed to live in a useful website with many marvellous people with useful concepts. I feel rather fortunate to have discovered the webpages and look forward to some more thrilling times reading here. Thanks a lot again for all the details.
I’m writing to let you know what a amazing experience my wife’s girl encountered studying the blog. She figured out several issues, which included what it is like to have a wonderful helping spirit to make many others without difficulty know various problematic topics. You really did more than my expected results. Thanks for providing those precious, dependable, explanatory not to mention cool guidance on the topic to Julie.
I definitely wanted to construct a quick note in order to appreciate you for the precious pointers you are giving out on this website. My long internet look up has at the end of the day been compensated with reasonable ideas to talk about with my good friends. I would assume that many of us visitors are truly endowed to live in a useful site with very many wonderful professionals with good hints. I feel truly lucky to have seen the website page and look forward to really more fun times reading here. Thank you once more for everything.
I really wanted to jot down a small comment so as to say thanks to you for the unique tricks you are showing at this site. My time intensive internet lookup has now been recognized with high-quality points to talk about with my family and friends. I ‘d state that that many of us website visitors are undeniably fortunate to dwell in a fine site with very many special professionals with helpful plans. I feel rather fortunate to have come across the web site and look forward to so many more pleasurable minutes reading here. Thank you once again for all the details.
I truly wanted to develop a small message so as to appreciate you for all of the stunning tips and hints you are giving on this site. My rather long internet lookup has now been honored with extremely good details to write about with my two friends. I would claim that we site visitors actually are really blessed to exist in a superb website with very many special professionals with useful hints. I feel pretty lucky to have used the web page and look forward to many more brilliant minutes reading here. Thank you again for all the details.
I definitely wanted to post a brief message so as to thank you for the stunning information you are giving on this site. My time-consuming internet lookup has at the end been rewarded with really good know-how to write about with my company. I ‘d suppose that most of us readers are very much fortunate to live in a fantastic site with so many awesome professionals with valuable secrets. I feel somewhat lucky to have seen the web pages and look forward to many more pleasurable minutes reading here. Thank you once again for everything.
This is what Methodology Actors call ‘sense reminiscence’.
Thank you a lot for giving everyone an extraordinarily terrific opportunity to check tips from this blog. It’s always very awesome and also stuffed with fun for me personally and my office peers to search your website on the least three times a week to learn the new issues you have. And indeed, I am just actually fascinated for the mind-blowing pointers you give. Some 1 areas in this post are definitely the most suitable we’ve had.
It’s awesome to go to see this web site and reading the views of all
mates regarding this article, while I am also zealous of getting know-how.