Missouri utility regulators have given approval for what Ameren Missouri calls the most aggressive energy efficiency plan ever in the state.
Under the plan approved Wednesday by the Missouri Public Service Commission, Ameren will invest $147 million over three years in several programs that seek to reduce electricity use by 800 million megawatt-hours.
The plan was part of a negotiated settlement among Ameren, PSC staff, consumer advocates and environmental groups.
St. Louis-based Ameren Missouri presented details of its energy efficiency plan to the Missouri Public Service Commission on Monday. The proposal would cost around $145 million, which would result in the average home electric bill going up about $3 per month. Ameren officials say, though, the plan would result in long-term savings of nearly half a billion dollars. Kevin Gunn chairs the Public Service Commission, which heard the utility’s presentation in Jefferson City.
Ameren Missouri is pledging to increase its energy efficiency programs starting in 2013. If the plan is approved, it would allow Ameren to provide 145 million dollars in energy efficiency rebates over three years – a cost that would be passed on to consumers.