Ameren Energy Marketing (AEM), the power marketer for Ameren Energy Resources, announced that it has signed a one-year fixed price power supply contract with the City of Litchfield, Ill. AEM is part of Ameren Corporation (NYSE: AEE), a Fortune 500 company headquartered in St. Louis, Mo.
The awarded contract represents approximately 3,300 megawatthours of electric generation supply, or more than 99 percent of the total needs of the city government’s operations.
“We were pleased that AEM was able to offer competitively priced electricity and a package of other attractive services to the city of Litchfield,” said Litchfield City Administrator Andy Ritchie. “We look forward to working with AEM in our efforts to reduce city costs in this tough economic period.”
“We are excited about the prospect of working with Litchfield and believe we can bring real value to citizens in that city for years to come,” said Don Mosier, vice president of Ameren Energy Marketing. “Retail competition has increased competitive pricing and brought substantial savings to many businesses and institutions throughout Illinois.”
AEM has nearly 6,000 commercial, industrial and governmental customers in Illinois and has saved its customers tens of millions of dollars on their generation supply costs.
Electric retail competition, approved through state laws, began more than 10 years ago. The law restructured the utility industry and opened up energy markets to competition.
AEM is one of the largest energy marketers in the U.S., with offices in St. Louis, Mo.; Peoria, Springfield and Lincoln, Ill. For more information on AEM, visit www.AmerenEnergyMarketing.com or call 888.451.3911.
Ameren Energy Marketing Company (AEM) is responsible for the marketing and trading portfolios of generating facilities in Illinois and Missouri. AEM serves the power needs of utilities, municipalities, electric cooperatives, energy aggregators, business customers and financial institutions.
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Contacts: Susan Gallagher 314-554-2175, Brianne Lindemann 314-554-2738