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Released February 18, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. Midwest-focused power utility Ameren Corporation (NYSE:AEE) (St. Louis, Missouri) boosted its planned spending through 2029 by about 20%, as population and industrial growth in its service areas fueled calls for stronger energy infrastructure. Industrial Info is tracking more than $6.3 billion worth of active or proposed projects from Ameren, nearly $4 billion of which is attributed to transmission and distribution (T&D) projects.
Click on the image at right for a graph detailing Ameren's active and proposed projects, by type.
Martin Lyons, the chief executive officer of Ameren, noted in Friday's quarterly earnings-related conference call that the utility recently increased its five-year capital-spending plan by 20% to $26.3 billion. Among Ameren's projects nearing construction is the LaSalle Link Project in LaSalle County, Illinois, which is designed to improve energy reliability in an increasingly populated north-central area of the state. Its major component is an 18-mile, $31 million overhead line from North Utica to Oglesby, where it will connect to the new, $21 million Corbin Substation. Ameren aims to finish construction at the end of this year and have the line in service in early 2026.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more from detailed reports on the new LaSalle County overhead line and substation.
"Our strong long-term earnings growth expectation is driven by robust rate base growth, reflecting investment in energy infrastructure," Lyons said in the earnings call. "We expect tremendous opportunities for economic growth over the next five to seven years. Our region's economy spans multiple sectors from aviation, biotechnology, chemicals, financial services, beverage and food manufacturing, life and plant sciences to health care and logistics and a variety of other manufacturing concerns."
Ameren's 2024 net income was reported to be $1.18 million, compared with 2023 net income of $1.15 million.
Ameren also is pushing to begin construction later this year on a six-mile overhead line within Mount Vernon, Illinois, which will connect the Reifen Substation, also slated to begin construction this year, to the Mount Vernon Substation, which is expected to undergo an upgrade that will include two new transformers. Subscribers can read detailed reports on the overhead line, Reifen Substation and Mount Vernon upgrade.
These T&D plans coincide with the Midcontinent Independent System Operator's (MISO) December approval of nearly $22 billion of projects from various T&D companies, to improve reliability in its service area. MISO selected Ameren to develop $1.3 billion worth of related projects in Missouri and Illinois.
Outside the MISO area, Ameren could begin construction later this year on a 68-mile line from Las Vegas to Springer, New Mexico, and a 32-mile line from Springer to Gladstone, New Mexico. Both projects are part of the 114-mile Mora Transmission Line in New Mexico, developed in a partnership with the New Mexico Renewable Energy Transmission Authority (RETA) to deliver electricity sourced from renewables in northeastern New Mexico to the state's grid. Subscribers can read detailed reports on the Las Vegas-to-Springer and Springer-to-Gladstone projects.
On the power-generation side, Ameren executives say the company plans to add 1.5 gigawatts (GW) of capacity by 2032. While most of the attention will go toward buildouts of the company's gas-fired and solar capacity, Ameren still has four coal-fired plants in its generation fleet. Although it plans to phase out coal by 2045, it is preparing to begin work on an $18 million reheater replacement on Unit 4 at its power plant in Labadie, Missouri, which generates 621 megawatts (MW) from burning coal. The project is expected to run for several weeks in the fourth quarter. Subscribers can learn more from a detailed project report and plant profile.
"Our preferred plan calls for acceleration and expansion of natural gas generation and battery storage; acceleration of solar generation investment; potential extension of the life of our Sioux Energy Center [in Missouri] by up to three years; and investment in additional nuclear generation by 2040," Lyons said in the earnings call. "In total, the change in [the] preferred plan represents the addition of 2.3 gigawatts of generation capacity by 2035, and when factoring in updated costs for all planned resources, represents approximately $7 billion of increased investment by 2035 compared to the 2023 [Integrated Resource Plan]."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects from Ameren.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing Ameren's active and proposed projects, by type.Martin Lyons, the chief executive officer of Ameren, noted in Friday's quarterly earnings-related conference call that the utility recently increased its five-year capital-spending plan by 20% to $26.3 billion. Among Ameren's projects nearing construction is the LaSalle Link Project in LaSalle County, Illinois, which is designed to improve energy reliability in an increasingly populated north-central area of the state. Its major component is an 18-mile, $31 million overhead line from North Utica to Oglesby, where it will connect to the new, $21 million Corbin Substation. Ameren aims to finish construction at the end of this year and have the line in service in early 2026.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more from detailed reports on the new LaSalle County overhead line and substation.
"Our strong long-term earnings growth expectation is driven by robust rate base growth, reflecting investment in energy infrastructure," Lyons said in the earnings call. "We expect tremendous opportunities for economic growth over the next five to seven years. Our region's economy spans multiple sectors from aviation, biotechnology, chemicals, financial services, beverage and food manufacturing, life and plant sciences to health care and logistics and a variety of other manufacturing concerns."
Ameren's 2024 net income was reported to be $1.18 million, compared with 2023 net income of $1.15 million.
Ameren also is pushing to begin construction later this year on a six-mile overhead line within Mount Vernon, Illinois, which will connect the Reifen Substation, also slated to begin construction this year, to the Mount Vernon Substation, which is expected to undergo an upgrade that will include two new transformers. Subscribers can read detailed reports on the overhead line, Reifen Substation and Mount Vernon upgrade.
These T&D plans coincide with the Midcontinent Independent System Operator's (MISO) December approval of nearly $22 billion of projects from various T&D companies, to improve reliability in its service area. MISO selected Ameren to develop $1.3 billion worth of related projects in Missouri and Illinois.
Outside the MISO area, Ameren could begin construction later this year on a 68-mile line from Las Vegas to Springer, New Mexico, and a 32-mile line from Springer to Gladstone, New Mexico. Both projects are part of the 114-mile Mora Transmission Line in New Mexico, developed in a partnership with the New Mexico Renewable Energy Transmission Authority (RETA) to deliver electricity sourced from renewables in northeastern New Mexico to the state's grid. Subscribers can read detailed reports on the Las Vegas-to-Springer and Springer-to-Gladstone projects.
On the power-generation side, Ameren executives say the company plans to add 1.5 gigawatts (GW) of capacity by 2032. While most of the attention will go toward buildouts of the company's gas-fired and solar capacity, Ameren still has four coal-fired plants in its generation fleet. Although it plans to phase out coal by 2045, it is preparing to begin work on an $18 million reheater replacement on Unit 4 at its power plant in Labadie, Missouri, which generates 621 megawatts (MW) from burning coal. The project is expected to run for several weeks in the fourth quarter. Subscribers can learn more from a detailed project report and plant profile.
"Our preferred plan calls for acceleration and expansion of natural gas generation and battery storage; acceleration of solar generation investment; potential extension of the life of our Sioux Energy Center [in Missouri] by up to three years; and investment in additional nuclear generation by 2040," Lyons said in the earnings call. "In total, the change in [the] preferred plan represents the addition of 2.3 gigawatts of generation capacity by 2035, and when factoring in updated costs for all planned resources, represents approximately $7 billion of increased investment by 2035 compared to the 2023 [Integrated Resource Plan]."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects from Ameren.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
