Missouri’s largest electric provider envisions launching more than 2,000 grid improvement projects over the next five years. Ameren Missouri proposed the $6.3 billion plan Thursday.
The goal is to modernize Missouri’s grid and improve how customers receive electricity. Keeping rates stable is part of the plan.
The St. Louis-based utility also announced Thursday that its net income increased nearly 56 percent in 2018, up to $815 million from $523 million the year before.
As part of the grid plan, 800,000 “smart meters” will be installed through 2023, which aim to give customers more control.
Ameren submitted the proposal to the state’s Public Service Commission.
Read more: St. Louis Post-Dispatch.