Ameren to Spend $15 Million on SeMo Dam Breach Settlement

OCTOBER 3, 2006 - Posted at 7:59 a.m. CDT

ST. LOUIS, MO - Ameren will pay a $15 million fine for the Taum Sauk reservoir collapse.

It's the largest fine of its kind ever leveled by the Federal Energy Regulatory Commission.

Ameren says it agreed to the fine to avoid prolonged litigation.  The company says it's trying to ensure a similar accident doesn't happen again.

FERC Chairman Joseph Kelliher says Ameren violated a number of federal regulations at the Taum Sauk hydroelectric plant before it overflowed and collapsed in December.

Kelliher says the collapse could have been avoided if Ameren had followed the regulations.

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