FERC moves Ameren transmission projects ahead
The Federal Energy Regulatory Commission (FERC) has given regulatory approval to Ameren Transmission Company of Illinois, a wholly owned subsidiary of Ameren Corporation, to continue to move its Spoon River and Mark Twain transmission construction projects forward. FERC approved similar regulatory treatment for the Illinois Rivers transmission project in May 2011.
The three projects are part of the $1.3 billion multi-value projects approved by the Midwest Independent System Operator (MISO) board in December 2011.
FERC's approved regulatory treatment includes enhanced cost-recovery mechanisms and protections for Ameren Transmission Company of Illinois that support the investments and facilitate the cost-effective financing of the projects. The recent FERC order also approved forward-looking formula rates for Ameren Illinois Company's transmission facilities to provide timely cash flows in order to be able to efficiently finance investments.
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