Advertisement
Advertisement
Ameren suspends Callaway nuclear project
AmerenUE has suspended its efforts to build a second nuclear power plant in Callaway County.
Ameren UE President and CEO Thomas R. Voss made that announcement during a news conference at the company’s headquarters in St. Louis on Thursday.
Legislation crafted to help AmerenUE finance the construction project has stalled in the Senate. A compromise drafted by Sen. Kurt Schaefer of Columbia was in the works. But today, the utility asked legislative sponsors of the Missouri Clean and Renewable Energy Construction Act to withdraw the bills from consideration by the General Assembly.
“As we were moving forward to preserve the option for nuclear energy for our state, we stressed that we needed financial and regulatory certainty before we could begin construction,” Voss said. “However, the current version of the bill being debated in the Senate strips the legislation of the very provisions we needed most to move forward.”
Opponents of the legislation included executives of large industrial companies who were concerned that their rates would be too high if the legislature allowed AmerenUE to charge ratepayers for construction costs before the nuclear plant started to generate electricity.
Ameren estimated that the project would have cost $6 billion with the financing help and $9 billion if the ban on Construction Work in Progress continued. The largest construction project in Missouri’s history would have employed an estimated 2,500 contractors for six years and 400 permanent employees.
Advertisement
Advertisement
More from this Issue:
- Hemingway's event provides Food Bank donations
- Business Moves and Developments
- New Business Licenses
- Public Record
- Time Well Spent
- Vespa dealership fills demand for low-cost transportation
- There’s no place like home
- Vault
- Phoenix to house all services in one building
- Construction Permits
- People on the Move
- Picture this: Tiger Turf’s 3-D landscape design draws clients
- Truescape Landscaping
- People You Should Know: Valorie Livingston
- Energy efficiency energizes home show
- From the Roundtable: Broadening Broadway is in the best interest of ALL Columbians
- Safari in their own backyard
- Tech Sessions: Sick in bed, but connected enough to keep company running
- Does your business need a makeover? Ten tools for the job
- Country Club, Kroenke squabble over road extension
- Architects gain notoriety with sustainable business model
- Citizen Journalist: Its Arnie v. Carrie in downtown’s royal quarrel
- Economy’s decline causing job losses
- Columbias Economic Indicators
- MU researchers developing energy-saving solutions
- City View: City aggressively seeking appropriate stimulus funding
- Guest Column: Columbia College weathering economic storm, no drastic changes
- Guest Column: Missouri perilously close to losing model system
Advertisement
All content copyright ©1994-2010The Business Times Company. All Rights Reserved.
The leading source of local business coverage in Columbia, MO
Site by Delta Systems.