Efforts to build another nuclear power plant in Callaway County are dead, according to Ameren officials.
That's because legislators could not come to a consensus on passing legislation to allow utility companies to pass on financing costs of new power plants to consumers. It became clear yesterday that such legislation was doomed for this legislative session.
In a news release, AmerenUE announced it was calling on legislators to withdraw legislation to repeal the state's Construction Work in Progress regulation. Because of that, the company will no longer seek to build a new nuclear power plant in Callaway County.
"As we were moving forward to preserve the option for nuclear energy for our state, we stressed that we needed financial and regulatory certainty before we could begin construction," said Ameren CEO Thomas Voss in a statement. "However, the current version of the bill being debated in the Senate strips the legislation of the very provisions we needed most to move forward. As a result, AmerenUE is suspending its efforts to build a nuclear power plant in Missouri."
"While we are disappointed with the outcome of this legislative initiative, the Missouri Clean and Renewable Energy Construction Act sparked a vigorous debate about energy issues and caused everyone involved to think more deeply about energy policy," added Voss. "That debate has established a foundation for the constructive energy policy discussions we must continue to have with legislators, regulators, customers and other stakeholders to meet the energy needs of our children and grandchildren in decades to come."
Opponents of CWIP argued the move would hurt consumers and big companies. They also questioned how the legislation would alter how the Public Service Commission operates.