Project awarded based on sound design plans and lower
cost
ST.
LOUIS, April 3, 2024 /PRNewswire/ -- A subsidiary
of St. Louis-based Ameren
Corporation has been selected by the regional transmission
operator, the Midcontinent Independent System Operator (MISO), to
develop a $273 million transmission
project across northern Missouri.
"We are proud to have won this vital project that will
give Missourians a more resilient energy grid and boost
reliability for millions of people," said Shawn Schukar, chairman and president of
Ameren Transmission Company of Illinois (ATXI), a subsidiary of Ameren
Corporation (NYSE: AEE). "We plan to continue our track record of
delivering cost-effective, high-value projects while incorporating
robust input from our neighbors and doing everything we can to be
respectful to impacted landowners."
The project will originate from a new 345-kV substation that
ATXI will construct in northwest Missouri and span from DeKalb County to Marion County, opening new pathways for energy
transmission to the region. The project is part of a $10 billion portfolio of projects included in
Tranche 1 of MISO's Long Range Transmission Plan (LRTP).
"Ameren has been doing business in our state for more than 100
years, and having this project led by a Missouri-based utility with strong,
longstanding local partners will ensure the job is done
cost-effectively and collaboratively," Schukar said. "When Missouri
companies build these large infrastructure projects, more dollars
invested stay in our state, maintaining local jobs and boosting
local suppliers and our communities."
ATXI is currently working on additional projects from MISO's
Tranche 1 portfolio. The Northern Missouri Grid Transformation
Program includes two projects expected to be in-service in 2028.
MISO selected ATXI to develop one of these projects in October 2023, noting the sound route design and
cost containment plan as key factors.
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
service, as well as natural gas distribution service. Ameren
Transmission Company of Illinois
develops, owns and operates rate-regulated regional electric
transmission projects. For more information, visit Ameren.com, or
follow us on X at @AmerenCorp, Facebook.com/AmerenCorp, or
LinkedIn.com/company/Ameren.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ameren-subsidiary-selected-to-develop-critical-multiyear-grid-reliability-project-in-northern-missouri-302107621.html
SOURCE Ameren Corporation