Current Missouri law thwarts nuclear expansion
December 27, 2008

Nuclear Power Facts
by Missouri Rep. Ed Emery (R-126 including the counties of
Barton, Dade, Jasper and Polk)


The 2009 legislative session will address the need for more base-load electricity generation in Missouri. Ameren Corp. serves 1.2 million Missouri electric customers representing nearly 50% of Missouri's total consumption. They expect demand to increase 30% by 2020. Ameren is seeking the necessary licenses and funding to construct a second nuclear unit at their existing Callaway nuclear facility near Fulton, MO. Some changes to Missouri laws regulating electric utilities may be needed in order for Ameren or any utility to finance new base-load plants.

Some important facts about nuclear generation include:

Missouri is one of only a few states that prohibit consideration of construction costs by utilities until a new plant is actually online. Customers are penalized by at least three possible consequences: first, financing may not be available under those conditions, resulting in construction of less efficient generation; second, if financing can be arranged, billions in additional interest charges result due to the higher risk to investors; and thirdly, huge rate hikes are assured after construction because of the single-point imposition of the full cost of construction and accumulated interest charges.

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Missouri Law on Nuclearsheffrey422402008-12-28 16:14:59