ALLETE, Ameren Lay Out Years-Long Decarbonization, T&D Plans
Attachment: ALLETE 1Q22, Ameren 1Q22
SUGAR LAND--May 10, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Central U.S. power providers ALLETE Incorporated (NYSE:ALE) (Duluth, Minnesota) and Ameren Corporation (NYSE:AEE) (St. Louis, Missouri) are investing heavily in renewable energy and transmission & distribution (T&D) developments, as they face pressure from investors and regulators to further decarbonize and contribute more to the power grid.
The ALLETE Clean Energy subsidiary is developing solar and wind-energy projects, including a series of projects obtained from its acquisition of New Energy Equity last year. Ameren is seeking permits for several major transmission projects that could begin construction within the coming year. Industrial Info is tracking more than $3 billion worth of active projects from the two companies.
