Dive Summary:
- Ameren Transmission Company of Illinois announced Monday that it has received approval from the Federal Energy Regulatory Commission (FERC) to go forward with its Spoon River and Mark Twain transmission construction projects.
- The projects are part of a $1.3 billion group of projects approved by the Midwest Independent Transmission System Operator Inc. (MISO) last year.
- The announcement listed enhanced cost-recovery mechanisms and protections to support investment among the benefits to be gained by the approvals.
From the article:
"... 'We are very pleased with FERC's approvals of the incentive regulatory treatment,' said Maureen Borkowski, president and CEO of ATXI. 'This approval paves the way for important new investment by Ameren Transmission Company of Illinois to deliver renewable energy in the Midwest, promote electric power reliability, lower costs for consumers by reducing transmission congestion and create jobs which are important to the economy.' ..."
