Skip to content
Largest Business

Largest Business

Iphone Business

Primary Menu
  • Business Support
  • Business News
  • Largest Business
  • Dell Business
  • Business Cnn
  • Financial
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • Ameren Missouri plans to acquire its largest-ever solar facility to power thousands of homes | News
  • Largest Business

Ameren Missouri plans to acquire its largest-ever solar facility to power thousands of homes | News

By Talia Koe 11 months ago

Huck Finn Solar Project is 25 times larger than any current solar site in Missouri

ST. LOUIS, June 27, 2022 /PRNewswire/ — Today Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), takes another important step toward bringing more renewable energy to customers by announcing the planned acquisition of the company’s largest-ever solar facility, a 200 megawatt (MW) solar installation in central Missouri that is expected to create more than 250 construction jobs.

The facility will be acquired pursuant to a build-transfer agreement with EDF Renewables, a company with a longstanding track record of developing and building renewable energy facilities. Known as the Huck Finn Solar Project, it is planned to be constructed on the border of Missouri’s Audrain and Ralls counties. Huck Finn is expected to produce enough energy to power approximately 40,000 homes. With timely regulatory approvals, the project could begin generating clean energy as soon as 2024.

“Developing Huck Finn is good for all of our customers because it provides clean electricity, creates economic opportunity and injects millions of dollars into the community over the life of the project, which will have widespread additional benefits,” said Mark Birk, chairman and president of Ameren Missouri.

The facility is a step-change for solar generation in Missouri, and its announcement comes just days after Ameren Missouri updated its comprehensive plan to safeguard long-term energy reliability and resiliency for Missourians, a plan that also accelerates Ameren’s companywide net-zero carbon emissions goal to 2045, five years sooner than previously planned.

“We’re focused on the two items customers say are most important to them: reliability and affordability,” Birk said. “The thoughtfully planned additions of renewable generation over time keeps the grid reliable and resilient while also managing costs.”

Huck Finn is designed to generate more than 25 times the amount of energy of Missouri’s largest existing solar facility. It is the latest project to be part of Ameren Missouri’s planned addition of 2,800 MW in new, clean renewable generation by 2030 and the ninth solar facility that the company has announced or put in service since 2019. Together, these nine facilities represent more than 360 MW of clean energy generation capacity. In that time, Ameren Missouri has installed solar generation in underutilized locations including a parking garage, next to an airport runway and in partnership with community-based organizations working in underserved neighborhoods.   

“Our customers will benefit from technological improvements that make solar generation an adaptable resource where we can get more energy from previously unused locations, including parking lots and garage rooftops,” said Ajay Arora, chief renewable development officer at Ameren Missouri. “In the coming months, we anticipate taking more steps to demonstrate Ameren Missouri’s commitment to clean energy generation.”

Terms of the agreement between Ameren Missouri and EDF are confidential.

About Ameren Missouri

Ameren Missouri has been providing electric and gas service for more than 100 years. Ameren Missouri’s mission is to power the quality of life for its 1.2 million electric and 135,000 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 on Twitter at @AmerenMissouri or Facebook.com/AmerenMissouri.

Forward-looking Statements

Statements in this release not based on historical facts are considered “forward-looking” and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there is no assurance that the expected results will be achieved. These statements include (without limitation) statements as to future expectations, beliefs, plans, projections, strategies, targets, estimates, objectives, events, conditions, and financial performance. In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Ameren and Ameren Missouri are providing this cautionary statement to identify important factors that could cause actual results to differ materially from those anticipated. The following factors, in addition to those discussed under Risk Factors in Ameren and Ameren Missouri’s Annual Report on Form 10-K for the year ended December 31, 2021, and their other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, could cause actual results to differ materially from management expectations suggested in such “forward-looking” statements. All “forward-looking” statements included in this report are based upon information presently available, and Ameren and Ameren Missouri, except to the extent required by the federal securities laws, undertake no obligation to update or revise publicly any “forward-looking” statements to reflect new information or current events.

  • regulatory, judicial, or legislative actions, and any changes in regulatory policies and ratemaking determinations, that may change regulatory recovery mechanisms, such as those that may result from the impact of a final ruling to be issued by the United States Court for the Eastern District of Missouri regarding its September 2019 remedy order for the Rush Island Energy Center, and the Missouri Public Service Commission (“MoPSC”) staff review of the planned Rush Island Energy Center retirement;
  • the effect on Ameren Missouri’s investment plan and earnings if an extension to use plant-in-service accounting (“PISA“) is not sought by Ameren Missouri or approved by the MoPSC;
  • the effect on Ameren Missouri of any customer rate caps pursuant to Ameren Missouri’s election to use the PISA, including an extension of use beyond 2023 if requested by Ameren Missouri and approved by the MoPSC under current Missouri law, or beyond 2028 if requested and approved by the MoPSC if Missouri Senate Bill 745 is enacted;
  • the effects of changes in federal, state, or local laws and other governmental actions, including monetary, fiscal, foreign trade, and energy policies;
  • the effects of changes in federal, state, or local tax laws, regulations, interpretations, or rates, and challenges to the tax positions taken by the Ameren Companies, if any, as well as resulting effects on customer rates;
  • the effects on energy prices and demand for our services resulting from technological advances, including advances in customer energy efficiency, electric vehicles, electrification of various industries, energy storage, and private generation sources, which generate electricity at the site of consumption and are becoming more cost-competitive;
  • the effectiveness of Ameren Missouri’s customer energy-efficiency programs and the related revenues and performance incentives earned under its Missouri Energy Efficiency Investment Act programs;
  • our ability to control costs and make substantial investments in our businesses, including our ability to recover costs and investments, and to earn our allowed returns on equity, within frameworks established by our regulators, while maintaining affordability of our services for our customers;
  • the cost and availability of fuel, such as low-sulfur coal, natural gas, and enriched uranium used to produce electricity; the cost and availability of purchased power, zero emission credits, renewable energy credits, emission allowances, and natural gas for distribution; and the level and volatility of future market prices for such commodities and credits;
  • the cost and availability of transmission capacity for the energy generated by Ameren Missouri’s energy centers or required to satisfy Ameren Missouri’s energy sales;
  • the ability to obtain sufficient insurance, or in the absence of insurance, the ability to timely recover uninsured losses from our customers;
  • the impact of cyberattacks on us or our suppliers, which could, among other things, result in the loss of operational control of energy centers and electric and natural gas transmission and distribution systems and/or the loss of data, such as customer, employee, financial, and operating system information;
  • business and economic conditions, which have been affected by, and will be affected by the length and severity of, the COVID-19 pandemic, including the impact of such conditions on interest rates and inflation;
  • disruptions of the capital markets, deterioration in credit metrics of the Ameren Companies, or other events that may have an adverse effect on the cost or availability of capital, including short-term credit and liquidity;
  • the actions of credit rating agencies and the effects of such actions, including any impacts on our credit ratings that may result from the economic conditions of the COVID-19 pandemic;
  • the inability of our counterparties to meet their obligations with respect to contracts, credit agreements, and financial instruments, including as they relate to the construction and acquisition of electric and natural gas utility infrastructure and the ability of counterparties to complete projects, which is dependent upon the availability of necessary materials and equipment, including those obligations that are affected by disruptions in the global supply chain caused by the COVID-19 pandemic;
  • the impact of weather conditions and other natural phenomena on us and our customers, including the impact of system outages and the level of wind and solar resources;
  • the construction, installation, performance, and cost recovery of generation, transmission, and distribution assets;
  • the effects of failures of electric generation, electric and natural gas transmission or distribution, or natural gas storage facilities systems and equipment, which could result in unanticipated liabilities or unplanned outages;
  • the operation of Ameren Missouri’s Callaway Energy Center, including planned and unplanned outages, as well as the ability to recover costs associated with such outages and the impact of such outages on off-system sales and purchased power, among other things;
  • Ameren Missouri’s ability to recover the remaining investment and decommissioning costs associated with the retirement of an energy center, as well as the ability to earn a return on that remaining investment and those decommissioning costs;
  • the impact of current environmental laws and new, more stringent, or changing requirements, including those related to the New Source Review provisions of the Clean Air Act and CO2, other emissions and discharges, Illinois emission standards, cooling water intake structures, coal combustion residuals, energy efficiency, and wildlife protection, that could limit or terminate the operation of certain of Ameren Missouri’s energy centers, increase our operating costs or investment requirements, result in an impairment of our assets, cause us to sell our assets, reduce our customers’ demand for electricity or natural gas, or otherwise have a negative financial effect;
  • the impact of complying with renewable energy standards in Missouri;
  • Ameren Missouri’s ability to construct and/or acquire wind, solar, and other renewable energy generation facilities, retire energy centers, and implement new or existing customer energy-efficiency programs, including any such construction, acquisition, retirement, or implementation in connection with its Smart Energy Plan, integrated resource plan, or emissions reduction goals, and to recover its cost of investment, related return, and, in the case of customer energy-efficiency programs, any lost margins in a timely manner, which is affected by the ability to obtain all necessary regulatory and project approvals, including certificates of convenience and necessity from the MoPSC or any other required approvals for the addition of renewable resources;
  • the availability of federal production and investment tax credits related to renewable energy and Ameren Missouri’s ability to use such credits; the cost of wind, solar, and other renewable generation and storage technologies; and our ability to obtain timely interconnection agreements with the Midcontinent Independent System Operator, Inc. or other regional transmission organizations at an acceptable cost for each facility;
  • cost-effective advancements in clean energy technologies, and the impact of constructive federal and state energy and economic policies with respect to those technologies;
  • labor disputes, work force reductions, changes in future wage and employee benefits costs, including those resulting from changes in discount rates, mortality tables, returns on benefit plan assets, and other assumptions;
  • the impact of negative opinions of us or our utility services that our customers, investors, legislators, regulators, or other stakeholders may have or develop, which could result from a variety of factors, including failures in system reliability, failure to implement our investment plans or to protect sensitive customer information,
    increases in rates, negative media coverage, or concerns about environmental, social and governance practices;
  • the impact of adopting new accounting guidance;
  • the effects of strategic initiatives, including mergers, acquisitions, and divestitures;
  • legal and administrative proceedings; and
  • acts of sabotage, war, terrorism, or other intentionally disruptive acts.

New factors emerge from time to time, and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained or implied in any forward-looking statement. Given these uncertainties, undue reliance should not be placed on these forward-looking statements. Except to the extent required by the federal securities laws, Ameren and Ameren Missouri undertake no obligation to update or revise publicly any forward-looking statements to reflect new information or future events.

 

Cision View original content:https://www.prnewswire.com/news-releases/ameren-missouri-plans-to-acquire-its-largest-ever-solar-facility-to-power-thousands-of-homes-301575687.html

SOURCE Ameren Missouri

Tags: ""Succeeded His Business"", 2 Of Cups Business, 525 Business 5 Bankruptcies, Accounting Business Letter To Client, Bracken Business Communications Clinic, Business Account No Deposit, Business Administration Fafsa, Business Balance Sheet Explained, Business Card, Business Card Printing La Plata, Business Card To Secret Website, Business Cards Media Bar, Business Central Png, Business Coaching Site Cloudfront, Business Contract Lawyer 47201, Business Marketing Pearson Quizlet, Business Milleage Leager 18, Business Mobile Broadand Plans, Business Plan For Supplement Company, Business Plan Loan Originayor, Disrupting Digital Business Harvard, Ffiec Business Continuity Templates, Gauge Ear Piercing Business, Good Openings For Business Letters, Holton Investment Business, Indiana Wesleyan University Business, Indianapolis Business Times, List Business In Search Engines, List My Business Yahoo, Lunch Susbcription Business Model, Morgan Hill Business Liocense Renewal, Nee Small Business Bill Signed, Negotiating Business Acquisitions Practical Law, Networking Trends Small Business, New Business In Shorewood Il, School Business Officer Being Unethical, Small Business Administration Mass, Small Business Comunity, Small Business Corporation South Africa, Small Business Depew Llc, Small Business Medical Offices Chicago, Small Business Office Lakewood Nj, Small Business Plans Verizon, Small Business Storage Array, Small Business Sucess Stories, South Florida Business Journal Twitter, Torrington Ct, United Business Tech Response Sla, United Domestic Business Food, Video Business Woman Bukkake, Ways To Improve Business Technologyreddit

Continue Reading

Previous Ameren plans its largest-ever solar farm, in a flurry of solar activity | Local Business
Next Steele and Hops in Santa Rosa to close, latest casualty of pandemic-era business decline for local restaurants
May 2023
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Apr    

Archives

  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • November 2018
  • December 2016

Recent Posts

  • Federal Government Small Business Grants
  • How Hospitals Can Increase their Visibility and Build Trust
  • Starting A Candy Company From Scratch
  • Local Business Association
  • How to Start Freelancing (And Get Your FIRST Client!) [Updated May 2022]
Intellifluence Trusted Blogger

buildinglink.buybacklinks.online/agence-seo

BL

Tags

5e Business Profit Ahron Levy Columbia Business School Att Business Login Business Business Consultant Certification Austin Business Insurance Cover Coronavirus Business Letter With Logo Example Business Located Easy Location Business Platform Stocks Business Positions Seattle Business Regulation Legal Services Daystarr For Business Dimagi Business Development Toolkit Do Business Schools Accept Entreprenuers Enironmentall Friendly Business Ideas Eric Early Republican Business Owner Essec Business School Dean Essential Business To Remain Open Example Small Business Fall Winter Business Hours Template Fdot Woman Owned Business Certification First Business Women United States First Com Business Fixing A Damaged Reputation Business Florida Business Enforcement Free Small Business Communication Tool Law School Business Entity Outlines Mapping A Business Location Medical Business Trends Economics Mix Business And Personal Money Mlm Nit Small Business Legally New Business Agency Sales Questions Patricia Saiki Women'S Business 1990 Safety Business Proposal Sample Business Plan Entrepreneur School Business Administration Positions S Corp Business Deductions Search Tx Business Llc Sentextsolutions Business Cards Signs For Business On Roads Skype For Business Recording Capacity Small Small Business Forums .Net Small Business Insurancr Tech Monkey Business

Visit Now

Home Improvement Store

scorpion pest control in las vegas 

getlinko

kenhphanphoiduanchungcu.xyz | Magazine 7 by AF themes.

WhatsApp us