AmerenUE: Damage from Reservoir Collapse at Least $73 Million

MAY 11, 2006 - Posted at 8:04 a.m. CST

ST. LOUIS, MO - The collapse of the Taum Sauk reservoir in December will cost between $53 million and $73 million to repair.

That estimate was provided by AmerenUE in a filing yesterday with the Securities and Exchange Commission.

The estimated does not include the cost of rebuilding the reservoir, if the utility decides to do so.  It also doesn't include money needed to repair Johnson's Shut-Ins State Park, or compensation paid to the park's superintendent.  His family and home were swept away when the reservoir collapsed December 14.

The utility says most of the liabilities related to the reservoir's failure will be covered by an insurance policy with a $1 million deductible.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)