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 Gillespie, Ill. AEM is part of Ameren Corporation (NYSE: AEE), a Fortune 500 company headquartered in St. Louis, Mo.
The awarded contract represents approximately 1,700 megawatthours of electric generation supply to meet the needs of the city government’s operations.
“We were happy to see that AEM was able to offer a competitively priced package of supply and services to the city of Gillespie,” said Gillespie Mayor John Hicks. “AEM has been able to give us the budget certainty we needed. We expect to realize significant savings with our AEM contract.”
“We are pleased that the city of Gillespie has recognized the benefits of electric supply competition and has chosen AEM as its supplier,” said Don Mosier, vice president of Ameren Energy Marketing. “We continue to provide services that meet the needs of not only municipalities, but also of businesses and institutions throughout the state of 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