The Missouri Public Service Commission approved an agreement between Ameren, representatives of the solar industry and other groups that defines how much the utility must pay out in solar rebates under the state’s green power law.
Ameren will make available $92 million in solar rebates. Of that amount, $22 million already has been paid out, and applications for another $20 million are in the approval process. That leaves about $50 million available to be claimed.
Ameren’s solar rebate program and consumers waiting for rebates to be approved have been in limbo for the past month after the utility sought PSC approval to suspend payments for the final few weeks of the year. Ameren said last month that an avalanche of rebate applications that poured in this summer threatened to increase the cost of complying with the state’s renewable energy standard and push up rates more than 1 percent above what they would otherwise be. The solar industry, PSC staff and Office of Public Counsel challenged Ameren’s calculation of the 1-percent rate cap, leading to settlement negotiations and an agreement among all of the parties.