The project is expected to create 300 new full-time jobs for the region.

A new economic development tool through Ameren Missouri is already being put to work in the Lake of the Ozarks area. 

Quaker Windows new facility in Eldon, will be the first in the manufacturing plant in state to use the new program that offers qualifying business customers a discount on base rates over a five-year agreement. 

Quaker Windows announced in 2018  plans to expand their current operations in Freeburg, Mo., to a new location in Eldon, investing as much as $65 million over the next 6-10 years as the facility expands. The project is expected to create 300 new full-time jobs for the region.

The Ameren Missouri Smart Energy Plan economic development incentive (EDI) is a benefit offered to qualifying new and existing businesses seeking to locate or expand in Missouri. The benefit is part of Missouri Senate Bill 564 passed by Missouri legislators in 2018. 

The program, which has been approved by the Missouri Public Service Commission, is designed to promote new and existing businesses to invest in Missouri, adding jobs and spurring economic growth in local communities throughout the state. The incentive will offer qualifying business customers an average 40 percent discount(1) from base rates over an agreement term of five years. 

Ameren Missouri Customer Relations Manager Lori Hoelscher said the program is an aggressive tool to make Missouri a more attractive place to expand or relocate. Quaker Windows has become a success story for how the program can be used to promote economic development and job creation, she said.

The program, which has been approved by the Missouri Public Service Commission, is designed to promote new and existing businesses to invest in Missouri, adding jobs and spurring economic growth in local communities throughout the state. The incentive will offer qualifying business customers an average 40 percent discount(1) from base rates over an agreement term of five years. 

Ameren Missouri Customer Relations Manager Lori Hoelscher said the program is an aggressive tool to make Missouri a more attractive place to expand or relocate. Quaker Windows has become a success story for how the program can be used to promote economic development and job creation, she said. 

“We see this as an opportunity to do great things for the area,” she said. “The nice thing is that is not just for new buildings but new and existing. We hope to see existing business take advantage of the program.”

Hoeslcher said Ameren Missouri’s economic development incentive is a win-win for business and residential customers alike. That’s because the additional energy requirements from a qualifying business customer ultimately help enhance system efficiencies and spread the fixed costs of generating and delivering electricity across a broader customer base, thus helping to keep rates lower for all customers. 

Also, the attraction of new jobs and investment multiplies throughout the region in the form of increased spending in retail establishments, new housing starts and population growth. 

Ameren Missouri serves customers throughout the lake area including Versailles, Eldon, Osage Beach, Lake Ozark, Linn Creek and Stover.

To learn more about the program contact the Ameren Missouri Economic Development team at   1-800-981-9409 or emailing eddept@ameren.com.

What types of business or industries qualify for the program? 

Business eligibility is determined by specific criteria outlined in the rider EDI tariff. Generally, new or expanding businesses must meet the following standards to be eligible for the Ameren Missouri Smart Energy Plan EDI: 

1. Be receiving service from Ameren Missouri under Rate 3M – LGS, Rate 4M – SPS or Rate 11M – LPS. 

2. Be an industrial and/or commercial facility not directly selling or providing goods and/or services to the general public; 

3. Be receiving state, regional, or local economic development incentives in conjunction with its expansion/location project; 

4. Must apply for the Ameren Missouri Smart Energy Plan EDI prior to a public announcement of the expansion/location project; 

5. Have an average monthly demand of at least 300 kW and 55 percent load factor; 

6. Discounted rates must be greater than Ameren Missouri’s marginal cost.

 Some of the most common industries eligible for the discount are manufacturing, data centers, large-scale agriculture processing facilities and wholesale warehouse/distribution centers.