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GROWING MISSOURI JOBS

The Missouri Economic Development and Infrastructure Investment Act (SB 190)

Economic Development / Cleaner and Renewable Energy / Smart Grid Investment

The electric grid is the backbone of our economy. By making thoughtful adjustments to Missouri’s energy regulations as part of a broader economic development initiative, Missouri can develop a forward thinking energy policy that will allow Ameren Missouri to create more than 3,000 jobs statewide building the next generation of smart grid infrastructure backed by more than $1 billion in investment. Working together, we can help power the state’s economy as we build a smarter, stronger energy grid for Missouri customers.

A SMART GRID IS GOOD FOR BUSINESS:

  • Stimulates hundreds of millions of dollars of investments in advanced technology and smart grid infrastructure. Encourages qualifying large businesses to expand.
  • Boosts statewide economic development, creating more than 3,000 direct and indirect jobs as a result of Ameren Missouri investments.
  • Expands the clean energy economy, including biopower, which would support Missouri farmers and agriculture.


A SMART GRID IS GOOD FOR CUSTOMERS:

  • Smarter equals faster, which saves time and money. Smart grid technology prevents some outages and restores power more quickly when outages do occur.
  • Gives customers new choices, convenience and controls to better manage energy usage and costs.
  • Missouri’s reliability today is in the top 25%, but maintaining and keeping pace with the level of service expected requires building smarter energy infrastructure now.
  • Protects customer data and critical infrastructure by better detecting and stopping physical and cyber threats.

THIS LEGISLATION IS A DIFFERENCE-MAKER
THAT ADDRESSES A REAL PROBLEM.

  • Much of our electric grid is 50 years old or older.
  • Grid investment is needed to protect reliability and improve reliability in the future.
  • Missouri is one of only four states that has not taken steps to modernize its regulatory framework. All of Missouri’s neighboring states have taken steps to support greater investments in their grids. This puts Missouri at a disadvantage when competing for economic development and jobs.
  • Supportive public policies, such as The Missouri Economic Development and Infrastructure Investment Act:
    • Create jobs and economic growth.
    • Benefit customers by providing even greater service dependability.
    • Reduce power outage frequency and duration.
    • Help keep electric rates more stable and predictable for the long-term.

KEY THINGS TO KNOW

  • The legislation maintains strong Missouri Public Service Commission regulatory oversight of energy companies.
  • It enables increased investments in renewables and smart grid technology.
  • It results in replacing outdated infrastructure faster while maintaining and improving reliability for customers.

WHY NOW?

  • Missouri is falling behind other states due to outdated energy regulations and the absence of a long-term grid modernization plan.
  • Missouri’s utility laws were put in place in 1913 and have not been substantially updated in more than a century.
  • Missouri’s energy grid was expanded in the 1950s and 1960s and much of that infrastructure still serves us today, which is why the electric power grid is in need of modernization.
  • The legislation will power economic development in Missouri and create jobs.

AMEREN MISSOURI’S PLAN

  • Ameren Missouri has identified more than $1 billion in investments to build customers a smarter, stronger grid.
  • These are incremental investments that Ameren Missouri could accelerate if Missouri modernizes its century-old regulatory process.
  • Potential investments include substation and distribution upgrades, smart meters, downtown St. Louis underground grid revitalization, storm hardening, sustainable energy projects and microgrids – which would create more than 3,000 direct and indirect jobs just from Ameren Missouri investments.

 

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