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

Delayed Quote. Delayed  - 07/22 10:00:19 pm
52.87 USD   +1.21%
07/23 AMEREN : Transitions Away from Coal, Provides $1M for Electric Bus P..
07/22 BRIEF : Ameren, Sierra Club reach $2 million settlement over air qua..
07/19 AMEREN : Swift storms leave destruction
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Ameren : Transitions Away from Coal, Provides $1M for Electric Bus Project

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07/23/2016 | 06:06pm CEST

Ameren Missouri and the Sierra Club filed a settlement that will require the energy company to establish a $2 million fund for environmentally beneficial projects, including $1 million to incentivize clean electric bus infrastructure in the St. Louis region.

According to the Sierra Club, the settlement resolves legal action taken by the Sierra Club in 2014 to address Amerens nearly 8,000 alleged violations of Amerens federal Clean Air Act permit at the Labadie, Meramec, and Rush Island coal-fired power plants between 2009 and 2013.

The Sierra Club settled, in part, because Ameren announced a remedy to the most egregious alleged violations by setting its Meramec plant on a path to retirement. Although this is a good step, the Sierra Club says Ameren still has a long way to go.

Reducing air pollution from diesel buses will improve public health and is a positive step forward for the city of St. Louis, says Andy Knott, senior campaign representative with the Sierra Clubs Beyond Coal campaign in Missouri. Yet, this is small progress compared to what is needed to make our air safe: Ameren transitioning away from dirty coal entirely.

The Sierra Club urges Ameren to engage with appropriate stakeholders in a meaningful public process to determine how bus electrification can best benefit disenfranchised communities and further, encourages Ameren to first commit to 50% clean energy by 2030, and then strive for 100% by 2050.

(c) 2003-2016 Mehr News Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Latest news on AMEREN CORP
07/23 AMEREN : Transitions Away from Coal, Provides $1M for Electric Bus Project
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Financials ($)
Sales 2016 6 238 M
EBIT 2016 1 329 M
Net income 2016 608 M
Debt 2016 7 967 M
Yield 2016 3,27%
P/E ratio 2016 21,15
P/E ratio 2017 19,23
EV / Sales 2016 3,33x
EV / Sales 2017 3,30x
Capitalization 12 828 M
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Ameren Corp Technical Analysis Chart | AEE | US0236081024 | 4-Traders
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Technical analysis trends AMEREN CORP
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 52,5 $
Spread / Average Target -0,70%
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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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