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Committee moves to rescind letter of intent for Ameren Renewable Solutions Program after cost concerns
Summary
After hearing cost projections and escalation terms, the Ways and Means Committee voted Aug. 7 to rescind its letter of intent for Ameren’s Renewable Solutions Program, with members citing long-term premiums, escalators and preference for efficiency or regional approaches.
The Ways and Means Committee voted Aug. 7 to rescind a letter of intent for Ameren’s Renewable Solutions Program after members expressed concerns about the program’s long-term costs and uncertain return on investment.
The decision matters because participation would have committed the city to a 15-year subscription that increases the city’s annual utility bill in exchange for renewable energy credits; rescinding the letter removes that near-term commitment while leaving other energy-efficiency options open.
City staff summarized the program and the subscription options. The packet listed about 29 Ameren accounts for city…
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