<p>Ameren Corp. said Monday it formed a new subsidiary that will invest in electric transmission infrastructure, expanding Ameren's system in Missouri and Illinois.</p>
<p>The new company, Ameren Transmission Co., will build "greenfield" transmission projects within the two states, with the potential for expanding to other areas in the future. A greenfield project refers to construction on land that has not yet been developed.</p>
<p>The company said it's found more than $3 billion of potential transmission investments that could be completed in the two states over the next 10 to 15 years.</p>
<p>Ameren also announced today that it is filing a petition with the Federal Energy Regulatory Commission for pre-approval of certain rates for its proposed initial portfolio of transmission projects, the Grand Rivers projects, a $1.3 billion collection of high voltage transmission projects in Missouri and Illinois. The federal regulatory agency's response, expected within 60 days, should provide guidelines for rates at the new subsidiary.</p>
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