NewsJanuary 10, 2008
Judge OKs settlement after reservoir collapse
ST. LOUIS -- A judge in Reynolds County has approved a settlement in which Ameren Corp. agreed to pay $180 million in cash and property for the Taum Sauk reservoir collapse of 2005. The settlement to compensate the state was reached in November, but Circuit Judge William Seay signed off on the agreement Wednesday in a Centerville courtroom, much to the relief of rural residents who count on Ameren's tax dollars...The Associated Press
ST. LOUIS -- A judge in Reynolds County has approved a settlement in which Ameren Corp. agreed to pay $180 million in cash and property for the Taum Sauk reservoir collapse of 2005.
The settlement to compensate the state was reached in November, but Circuit Judge William Seay signed off on the agreement Wednesday in a Centerville courtroom, much to the relief of rural residents who count on Ameren's tax dollars.
"I would say it's a gift from God," Reynolds County Presiding Commissioner Donald Barnes said.
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The agreement ended a lawsuit from Attorney General Jay Nixon and settled all other state demands for compensation.
It ended months of negotiations between the St. Louis-based company, which is rebuilding the facility, and three state agencies.
The reservoir collapsed because of faulty equipment that Ameren delayed repairing.
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