Here is some of the latest news on Energy (Electricity) Issues affecting the St Louis Area, Ameren UEs Nuclear Reactor Agenda is just plain GREEDY and will cost us the rate payers now and in the future.
- Amerens goal is to charge the people of the St Louis Area, the ratepayers, millions of dollars up front for an unnecessary, risky, and expensive Nuclear Power Reactor Plant rather than investing in the cheapest energy resource available, energy efficiency
The proposed legislation would chip away at a 1976 ballot initiative supported 2-to-1 by Missouri voters. This law protects Missourians from investor-owned utilities charging ratepayers up-front for the construction of a power plant until it is producing electricity.
Missouri General Assembly is considering legislation that would allow Ameren Missouri to charge ratepayers $40 million for a permit for a second nuclear reactor in mid-Missouri.
The proposed legislation-SB 321 and SB 406- would chip away at a 1976 ballot initiative supported 2-to-1 by Missouri voters. This law protects Missourians from investor-owned utilities charging ratepayers up-front for the construction of a power plant until it is producing electricity.
- To understand the many other reasons why SB 321 and SB 406 are bad public policy, read Senator Joan Bray's guest column in the Joplin Globe last month.
- Ameren admits it cannot find investors to fund the Nuclear Plant because it is too risky and expensive.
- Scotts Contracting/Facebook Page Latest Estimated Costs for Nuclear Reactor is $10 Billion. we'll have to pay an additional $4 Billion Dollars
- Therefore, Ameren must pass SB 321 or SB 406 which shifts the financial risk of investment of a new nuclear plant from shareholders to ratepayers. But while shareholders dodge the risk, they still receive a financial windfall if/when the reactor comes online and Ameren then sells the excess electricity out of state for a premium.
- Ameren can easily meet Missouri's energy needs through energy efficiency instead of raising your electric rates to pay for a $6 billion nuclear reactor. (Per Nuclear Reactor in Florida 6 Billion in Projected Costs ends up with total costs of 22 Billion over Budget) In the St. Louis Post Dispatch on February 25, Steve Kidwell, Ameren Missouri Vice President of Regulatory Affairs, said:
- "If we went after the potential that we've seen in our own study, we wouldn't have to build another power plant for 20 years, and we could retire Meramec, and we'd be OK. But we'd lose $30 million a year. And we just can't do that. It's that simple."
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Scott's Contracting
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The providers of the Florida electric lines are forecasting a shortcoming in power potential due to new EPA guidelines, climate, and popular. Florida power rates have been very low resulting in a lack of new investment in power. This will make it even more complicated for the lines to keep speed as need for power in Florida is constantly on the go up.
ReplyDeleteaverage monthly electric bill.