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4-Traders Homepage  >  Equities  >  Nyse  >  Ameren Corp    AEE

Delayed Quote. Delayed  - 09/29 10:00:48 pm
49.6 USD   -1.51%
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AMEREN CRP : SWT Design Supports Renewable Energy Development through Ameren Missouri’s Pure Power

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08/03/2011 | 04:20pm CEST

Aug 3, 2011

Ameren Missouri’s Pure Power announced today that SWT Design, a St. Louis-based landscape design company, has agreed to support the development of new green power sources through participation in the Pure Power program.

SWT Design has earned the Ameren Missouri Pure Power Gold Leader title, and through its commitment will help prevent almost 95,000 pounds of carbon dioxide (CO2), a leading greenhouse gas, from entering the atmosphere each year. This is the environmental equivalent of taking approximately eight cars off the road for a year.

Pure Power is Ameren Missouri’s voluntary renewable energy program and the U.S. Department of Energy’s 2008 New Green Power Program of the Year award winner. It gives residential customers the option to add an extra 1.5 cents/kilowatt-hour to their monthly bills, offsetting up to 100 percent of their energy usage with clean, renewable energy. Commercial and industrial customers, like SWT Design, participate by buying blocks of Pure Power at a cost of an additional $15 a month for every 1,000 kilowatt-hours used. Pure Power funds are then used to purchase Renewable Energy Credits (RECs) from Green-e Energy-certified wind farms and other types of renewable energy sources. Customers receive credit for those RECs. In both 2009 and 2010, 100 percent of the RECs Pure Power bought came from Missouri wind farms. This is projected to be true again in 2011.

SWT Design’s purchase of 72 blocks per year of Pure Power makes it a Pure Power 100 percent Gold Leader--a designation reserved for companies, governments or other small business users of electricity who agree to offset 100 percent of their energy usage through Pure Power purchases.

“Sustainability is a lifestyle choice that SWT Design fully embraces throughout our project designs and our office culture,” said Ted Spaid, cofounding principal of SWT Design. “As landscape architects, we help create more sustainable environments, and renewable energy sources are an important aspect of those environments. Joining Ameren Missouri’s Pure Power program was a natural choice for us to continue to reduce our carbon footprint.”

For more information about Pure Power, please visit AmerenMissouri.com/PurePower or contact Cindy Bambini at 314.480.3554. Pure Power is Green-e Energy Certified by the not-for-profit Center for Resource Solutions. Green-e is the leading renewable energy certification and verification program in the U.S.

                                                                     # # #

Ameren Missouri has been providing electric and gas service for more than a century, and our electric rates are among the lowest in the nation. We serve 1.2 million electric and 126,000 natural gas customers in central and eastern Missouri. Our mission is to meet their energy needs in a safe, reliable, efficient and environmentally responsible manner. Our service area covers 63 counties and 500 towns, including the greater St. Louis area. For more information, visit AmerenMissouri.

Contacts: Media Hotline, 1.314.554.2182; Cindy Bambini, 1.314.480.3554

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Financials ($)
Sales 2016 6 238 M
EBIT 2016 1 341 M
Net income 2016 621 M
Debt 2016 7 974 M
Yield 2016 3,49%
P/E ratio 2016 19,45
P/E ratio 2017 18,26
EV / Sales 2016 3,21x
EV / Sales 2017 3,19x
Capitalization 12 035 M
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Number of Analysts 11
Average target price 52,8 $
Spread / Average Target 6,4%
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Warner L. Baxter Chairman, President & Chief Executive Officer
Martin J. Lyons Chief Financial Officer & Executive Vice President
James Clarence Johnson Independent Director
Gayle P. W. Jackson Independent Director
Walter J. Galvin Lead Independent Director
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