Mark Konya from the Ameren and the Missouri Electrical Alliance will be the speaker for April's Investor Meeting. His topic...
Expanding Electricity Production:
More Predictability, More Reliability, More Jobs
We Need Regulatory Reform Now!
- Reforming our century old electric regulations will help keep rates low and encourage investments in our aging infrastructure that is vulnerable to outages
- Infrastructure Strengthening and Regulatory Streamlining (ISRS) is the solution: Reforming our regulations with ISRS will allow Missouri’s electric utilities to invest significant resources in infrastructure development, creating thousands of Missouri jobs now, improving reliability, and making rates more predictable
- ISRS means more jobs in the long term: Attracting new companies to Missouri, especially technology and manufacturing companies, is getting harder because our infrastructure isn’t keeping up with 21st century standards
- Other states are attracting high tech companies by aggressively upgrading electric infrastructure, increasing reliability and creating a system of predictable rates. Our outdated regulations are preventing us from competing
- ISRS cuts government costs without cutting services
Issue Background
We Need To Update Our Century-Old Regulatory Structure
- Consumers have more options than ever to use energy more efficiently, better control costs and utilize alternate rates, but our antiquated regulatory structure prevents us using things like smart grids and net energy metering
- Streamlined bureaucracy would reduce inefficiencies and cut government costs
- Missouri’s electricity regulations were essentially written in 1913. Despite drastic changes in how all types of consumers use electricity, we’re stuck with an outdated regulatory model
Reform Will Expand Customer Benefits
- Stabilize rates for customers
- Allow additional infrastructure improvements more quickly, which leads to overall increased reliability
- Create more jobs
We Will Catch-up With Neighboring States
Missouri is at a competitive disadvantage compared to states like Illinois that are upgrading their electric infrastructure. A strong electric infrastructure means:
- Reduced outages for businesses and consumers
- The ability to take advantage of advances in technology like smart grids and clean air technology
- Local jobs as electric utilities replace outdated infrastructure
- The ability to attract new business to Missouri—including manufacturing and high-tech businesses
Reform Will Upgrade Our Aging Infrastructure
- We can take advantage of today’s low interest rates and invest in infrastructure
- The average life expectancy of a coal plant is 60 years old. In Missouri, the average age of a coal plant – where we get most of our electricity – is 45
- Despite improvements in grid technology, many substations built in ‘50s and ‘60s are still serving customers today
- There is an increase is customer needs and expectations due to our technology driven world
ISRS Is The Solution
- More infrastructure investment will create jobs, stabilize rates, and increase reliability
- It means we can take full advantage new technology like smart grids and net metering
- ISRS has been in place for gas and water utilities for a decade and has helped those industries cost-effectively modernize to serve growing demand
- The record-breaking heat of last summer put a strain on our aging infrastructure; we need to be sure we're protected from outages by investing in our infrastructure now, not when it's too late
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Date and Time
Tuesday Apr 16, 2013
12:00 PM - 1:00 PM CDT
Tuesday, April 16, 2013
12:00 p.m. - 1:00 p.m.
Location
Charboneau's A & C Restaurant (Formerly Rosener's)
3411 Rosener Road
Park Hills, MO 63601
Fees/Admission
There is no fee to attend Investor Luncheons.
Reservations are not required.
Lunch is available for purchase.
Investor guests are welcome to attend.
Contact Information
Tamara Coleman
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