Ameren Subsidiary Selected To Develop $84M Grid Reliability Project In Northwest Missouri; Project Expected To Be In Service By 2030
Portfolio Pulse from Benzinga Newsdesk
Ameren Corporation's subsidiary, in partnership with the Missouri Electric Commission, has been selected by the Midcontinent Independent System Operator (MISO) to lead an $84 million transmission project in northwest Missouri. The project, expected to be in service by 2030, will enhance grid resiliency and energy reliability. The 42-mile transmission line is part of a $10 billion portfolio of projects included in Tranche 1 of MISO's Long Range Transmission Plan.
October 30, 2023 | 12:09 pm
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Ameren Corporation's subsidiary has been selected to lead an $84 million transmission project in Missouri, which is part of a larger $10 billion portfolio of projects. This could potentially boost Ameren's revenues and strengthen its position in the energy sector.
The news directly pertains to Ameren Corporation as its subsidiary has been selected to lead a significant transmission project. This project is part of a larger portfolio, indicating potential for increased revenues and a strengthened position in the energy sector. Therefore, the short-term impact on Ameren's stock price is likely to be positive.
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