Susan Gallagher
314-554-2175
Editors and News Directors:
WHO: AmerenUE’s President and Chief Executive Officer Thomas R. Voss will brief reporters on the settlement agreement with state parties related to the breach of the Upper Reservoir of AmerenUE’s Taum Sauk Hydroelectric Plant
WHEN: 2:30 p.m., Nov. 28, 2007
WHERE: Ameren Headquarters 1901 Chouteau--Downtown
DETAILS: Take Highway 40 east to Market/20th Street Exit. Go right on 18th Street to Chouteau. Go right on Chouteau a block until you get to the Ameren Campus. Turn right into the campus and take the second right into the visitor’s lot.
Background: AmerenUE today announced that the company has resolved the state of Missouri’s lawsuit and claims for damages and other relief related to the Dec. 14, 2005, breach of the upper reservoir at the company’s Taum Sauk pumped-storage hydroelectric plant. Signed by the Missouri Attorney General’s Office and top officials from the Missouri Conservation Commission and Missouri Department of Natural Resources (DNR), the settlement agreement, subject to approval by the Circuit Court of Reynolds County, calls for compensation of up to $177.35 million by AmerenUE. In addition to cash payments to various state funds, this settlement amount includes extensive remediation and restoration already completed, as well as additional prospective remediation and restoration. It also includes a license on a railroad right-of-way that will allow the state to extend the Katy Trail---a 225-mile biking and hiking path stretching across most of the state of Missouri.