Ameren Missouri, known legally as Union Electric Co., unveiled an updated five-year, $8.4 billion smart energy plan that focuses on increased grid modernization and renewable energy projects in Missouri.
The plan, filed with the state Public Service Commission on Feb. 19, calls for installing more than 1 million smart meters, adding more renewable generation and upgrading infrastructure to improve reliability. It also supports programs to stimulate economic growth for communities across Missouri.
"We have made great progress in the first two years of this plan. These upgrades provide state-of-the-art technology and support our commitment to maintaining reliability as we transition to cleaner energy, including our ambitious goal to achieve net-zero carbon emissions by 2050," said Ameren Missouri President Marty Lyons.
The Ameren Corp. subsidiary has started a smart meter rollout during the summer of 2020 and still plans to upgrade about 1.2 million electric meters by 2024.
Ameren Missouri has invested approximately $1.1 billion for its recently closed acquisitions of the 300-MW Outlaw Wind Project, and the 400-MW High Prairie Wind Farm.