Premium Industrial NewsAmeren Sheds Coal for Renewables as it Emerges Stronger from 2020
Ameren Sheds Coal for Renewables as it Emerges Stronger from 2020
Industry Segment: Power | Word Count: 661 Words
Attachment: Ameren 4Q20
SUGAR LAND--March 19, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Midwestern utility Ameren Corporation (NYSE:AEE) (St. Louis, Missouri) is preparing to spend $17.1 billion through 2025 on growth capital projects, as it joins it peers in building out transmission and distribution (T&D) infrastructure, reducing its coal-fired capacity and adopting renewable energy. Ameren emerged from 2020 with $871 million in net earnings, a 5.2% gain from 2019, despite headwinds from the COVID-19 pandemic. Industrial Info is tracking more than $740 million in active projects from Ameren, about $200 million of which is under construction or scheduled to begin construction in 2021.
Within this article: Details on some of Ameren's highest-valued projects, including proposed additions to its T&D system and solar capacity in Missouri, as well as plans to close coal-fired plants.
Other companies featured: American Electric Power Company Incorporated (NYSE:AEP), Duke Energy Corporation (NYSE:DUK)
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