Missouri utility regulators have given approval for what Ameren Missouri calls the most aggressive energy efficiency plan ever in the state.
Under the plan approved Wednesday by the Missouri Public Service Commission, Ameren will invest $147 million over three years in several programs that seek to reduce electricity use by 800 million megawatt-hours.
The plan was part of a negotiated settlement among Ameren, PSC staff, consumer advocates and environmental groups.
The proposal is designed to promote energy efficiency while still allowing the St. Louis-based utility to earn a profit. It has an estimated price tag of $145 million and it would be paid by the utility’s customers, whose residential bills on average would be about $3 a month higher. But Ameren Missouri’s Warren Wood says if approved, customers would save money in the long run.