This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Illinois Commerce Commission Approves Ameren Illinois Advanced Electric Meter Plan





COLLINSVILLE, Ill., Dec. 6, 2012 /PRNewswire/ -- Ameren Illinois was pleased with yesterday's Illinois Commerce Commission (ICC) decision that approves the utility's advanced metering infrastructure (AMI) initiative to benefit customers.

"We view this as a positive step toward implementation of the Energy Infrastructure Modernization Act (EIMA)," said Ameren Illinois President & CEO Richard J. Mark. "This approval is confirmation from the ICC that advanced meters benefit our customers."

The advanced meter infrastructure initiative is a key element of the Ameren Illinois Modernization Action Plan (MAP). Customers will benefit through improved service reliability and a greater potential for energy savings by allowing them to better manage their energy use.

Funding for these significant upgrades is still a point of dispute with the ICC.  Last week the Illinois Senate passed Senate Resolution 821 that called on the ICC to comply with the EIMA, landmark legislation enacted in 2011 which provides incentives for investor-owned utilities to make significant upgrades and investments to the electric distribution grid while meeting performance metrics and creating 450 new jobs. The Illinois House passed a similar resolution in support of EIMA last summer. Until the dispute is resolved, funding for these capital investments is in jeopardy.

"We will be proceeding cautiously until Illinois utilities have the financial certainty needed to move forward with much-needed enhancements to the state's electric grid," Mark added. "As the ICC continues to disregard the important requirements of EIMA, utilities will not have the resources to fully implement these necessary system improvements. We applaud the Senate's actions for giving a high level of attention to this matter."



Ameren Illinois will use advanced meters to bolster system reliability. Working in tandem with a new advanced electricity distribution system management, the advanced meters can help identify distribution line and transformer overload issues that can be corrected before an outage occurs. Furthermore, advanced meters will enable electric dispatchers to better pinpoint the location of outages without the need for customers to report outages. This will help reduce the duration of outages.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs