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MO PSC approves asset transfer for Ameren Missouri in Hannibal

MO PSC approves asset transfer for Ameren Missouri in Hannibal

1 month ago by Scott Hardy

Ameren will transfer 49% ownership stake in sub-stations in and near Hannibal

The Missouri Public Service Commission has approved a request by Ameren Missouri to transfer a 49 per cent share of some transmission facilities in Hannibal.

The PSC announced the ruling Wednesday afternoon. A statement says that Ameren wants to transfer the facilities to the Missouri Joint Municipal Electric Utility Commission. Ameren says that the transfer will allow them to lower the cost to replace infrastructure in and around Hannibal, and northeast Missouri. There will be a cost-sharing agreement between Ameren, the Utility Commission, the city of Hannibal and Associated Electric Co-op. The overall cost of the project is just over $31 million, and the work should be done by the end of the year. The PSC staff recommended approval earlier this month.

Ameren Missouri serves about 1.3 million electric customers in Missouri.

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