July 19, 2007
Scotland County to be Part of $1 Billion AmerenUE ‘Project Power On’ Upgrade
ST. LOUIS, July 12, 2007 — AmerenUE customers in Scotland County will be among the beneficiaries of a $1 billion investment by the utility operating company. AmerenUE plans to invest $1 billion over the next three years to improve reliability, upgrade delivery systems, and enhance the environmental performance of its power plants.
Half of the investment will go toward environmental improvements at the company’s power plants. Of the remaining $500 million investment, approximately $75,000 will go toward placing power lines underground for AmerenUE’s 233 customers in Scotland County.
“With the severe weather patterns of the past few years and a focus on improving air quality, we are working even harder to ensure reliability for our customers of today and tomorrow,” said Thomas R. Voss, president and chief executive officer of AmerenUE. “We’ve been working closely with community officials and leaders across our system to determine the best approach for improving our delivery system, while ensuring that we meet the growing demand for energy.”
Named “Project Power On,” this three-year initiative involves a commitment over and above the $500 million per year the company has been spending on efforts to upgrade and maintain the system.
Project Power On involves four components designed to address the region’s current and future energy and environmental needs. These include:
$300 million over three years for undergrounding and reliability improvement — AmerenUE is planning to increase company spending by $100 million per year to better protect the system against severe weather. This includes a substantial underground cabling effort.
$135 million over three years ($45 million annually) for tree-trimming — Nearly twice the budget of a few years ago.
$84 million over three years (approximately $28 million per year) for circuit and device inspection and repair — AmerenUE is increasing the frequency of pole repair and replacement and establishing a “foot patrol” inspection program.
$500 million over three years to address the growing energy needs of the region by installing environmental controls on existing plants so that they meet or do better than federal environmental standards. f
“We know what our customers want,” Voss said. “When they flip a switch, they want the lights to come on, and these initiatives will help us reliably supply that electricity — now and into the future.”