[Press Release] : MEDIA ADVISORY: Columbia Energy Center press conference

[Press Releases]

MEDIA ADVISORY

Contact: Connie Kacprowicz, Utility Services Specialist,(573) 874-7325


Columbia Energy Center press conference

COLUMBIA, MO (May 24, 2011) - Wednesday, June 1 at 10:00 am

4903 Peabody Road, Columbia, Missouri

 

A voter approved bond issue will allow the City of Columbiato take ownership of the Columbia Energy Centeron June 1. The Mayor along with representatives from Ameren Energy Marketing will be at the facility when ownership is transferred. At the press conference, there will be an opportunity to tour the facility and interview representatives from both entities. Due to security concerns access to the facility is generally limited.

The Columbia Energy Centeris a 144 megawatt natural gas fired electric generation facility that was built in 2001. It is located onPeabody Road, near the Columbia Landfill on the northeast side of town. The plant is connected to theColumbiatransmission system. The Columbia Energy Center will supply electricity during high electric usage periods and will help the city meet federal requirements. Purchasing the facility will add local generation to the city's electric portfolio which helps with the reliability of the system.

The bond issue for purchasing the Columbia Energy Center was for $49.5 million. The facility cost $45.2 million, $3.6 million was set aside for the reserve requirement and $678,000 was set aside for the cost of issuing the bonds. Columbia Water & Light will save approximately $1 million annually with the purchase of this facility. The utility will pay back the borrowed money through electric utility funds. There are no electric rate increases expected for this purchase.


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