Regional grid operator selects Ameren to lead critical grid infrastructure projects in Missouri and Illinois

Rhea-AI Summary

Ameren (NYSE: AEE) has been selected by MISO (Midcontinent Independent System Operator) to construct multiple critical energy infrastructure projects across Missouri, Illinois, and several Midwest states. The projects, estimated at $1.3 billion, are part of MISO's Long-Range Transmission Plan.

The infrastructure development, known as Tranche 2.1 portfolio, aims to strengthen the transmission system to meet increasing energy demand and support diverse energy resources. The projects will enhance grid reliability and resiliency while enabling economic development opportunities in the bi-state region.

Ameren plans to participate in additional competitive bidding for other Tranche 2.1 infrastructure projects, emphasizing their ability to complete projects faster and at lower costs compared to competitors.

Positive

• Secured major infrastructure projects worth $1.3 billion
• Strategic expansion of transmission network across multiple states
• Enhanced competitive position in energy infrastructure development
• Potential for additional project wins through competitive bidding

Negative

• None.

Transmission projects to bolster grid resiliency and energy reliability for millions of customers

ST. LOUIS, Jan. 14, 2025 /PRNewswire/ -- The Midcontinent Independent System Operator (MISO) has selected Ameren to build multiple critical energy infrastructure projects that will carry clean, reliable energy to distribution grids in Missouri, Illinois and several Midwest states. The projects, which MISO estimates will represent a total investment of approximately $1.3 billion, are part of a portfolio of energy infrastructure investments under MISO's Long-Range Transmission Plan.

"As demand for reliable energy increases, it is imperative that we strengthen the transmission system to utilize diverse energy resources across the Midwest to support the needs of our residents and businesses," said Shawn Schukar, chairman and president of Ameren Transmission Company of Illinois, a subsidiary of Ameren Corporation (NYSE: AEE). "The energy delivered by these projects will boost reliability and enable the bi-state region to compete for economic development opportunities, including the expansion and relocation of energy-intensive industries. Ameren can get these transmission systems energized faster and for less cost than other companies. We appreciate MISO's confidence in our team to take on these important projects."

The energy corridors identified in MISO's Tranche 2.1 portfolio will work in conjunction with Ameren's current transmission system to enhance reliability and resiliency for customers while supporting economic development. Increasing access to diverse energy resources across the MISO footprint will ensure customer affordability and access to clean energy for millions of people.

Ameren plans to bid on other infrastructure projects in Tranche 2.1 where the company's capabilities and current resources would enhance reliability, resiliency and affordability for customers.

"While Ameren participated in the competitive bidding process for Tranche 1 and plans to do so again, we believe in establishing energy policy that allows the trusted local provider to develop these projects, reducing unnecessary costs and delivering value to the customers sooner," said Schukar. "When we lead these critical projects, we finish them faster and maximize economic development."

For more information on the Tranche 2.1 portfolio, including project maps, visit MISOenergy.org. To learn more about current and previous transmission projects, visit Ameren.com/Transmission.

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 services, as well as natural gas distribution service. Ameren Transmission Company of Illinois develops, owns and operates rate-regulated regional electric transmission projects in the Midcontinent Independent System Operator, Inc. For more information, visit Ameren.com, or follow us on X at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren.

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SOURCE Ameren Corporation

FAQ

What is the total value of MISO's infrastructure projects awarded to AEE?

MISO has awarded Ameren (NYSE: AEE) infrastructure projects estimated at approximately $1.3 billion.

Which states will benefit from AEE's new transmission projects?

The transmission projects will primarily benefit Missouri and Illinois, along with several other Midwest states.

What is the purpose of AEE's Tranche 2.1 portfolio projects?

The Tranche 2.1 portfolio projects aim to enhance grid reliability and resiliency, support economic development, and ensure customer access to diverse energy resources across the Midwest.

Will AEE participate in more MISO infrastructure projects?

Yes, Ameren plans to bid on additional infrastructure projects in the Tranche 2.1 portfolio where their capabilities would enhance reliability, resiliency, and affordability for customers.

How will AEE's new transmission projects impact economic development?

The projects will enable the bi-state region to compete for economic development opportunities, including the expansion and relocation of energy-intensive industries.