AmerenUE CEO Tom Voss argued that it must be allowed to increase its customer's rates in order to keep up with Missouri's future energy needs.
Critics, however, say that it's not fair to force ratepayers to bear the costs and risks of a new plant just because the private market won't take them on. Among the critics was John Coffman of the Consumer Council of Missouri.
|Run Time: 00:12|
|Description: "We're talking about a bailout for a company that does not have to compete for customers and that already has an opportunity to earn a very healthy return."|
The Senate Commerce Committee heard from all sides regarding a bill that would repeal an existing law that prohibits AmerenUE from passing along financing costs to build a new nuke plant in Missouri before the plant is built.
But the company's president signaled that it might cancel the plans to build if the legislature doesn't act soon, stating that if the law isn't changed, then it can't fund Callaway-2.
|Run Time: 00:08|
|Description: "If we don't get the signals that the state wants this, we're not emotionally attached to this. We're happy to walk away from this if that's what the state of Missouri wants."|