Ameren No Longer Backs Nuclear Permit Compromise

8 years 8 months 12 hours ago Thursday, May 19 2011 May 19, 2011 Thursday, May 19, 2011 4:32:00 PM CDT May 19, 2011 in News
By: Associated Press

JEFFERSON CITY, Mo. (AP) -- Electricity provider Ameren Missouri says it no longer supports a proposed deal that emerged on the final day of the state legislative session to finance a site permit for a potential nuclear power plant.

The legislation had represented a last-ditch compromise among utility companies and industrial energy consumers, among others. It would have let customers be billed for some costs of a site permit application before a nuclear power plant actually is built. But the legislation failed to pass.

Richard Mark is the senior vice president of customer operations for Ameren Missouri. He said Thursday that the company now has concerns the deal could have resulted in significant rate increases for residential customers.

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