Dear Editor:
In response to last week's letter suggesting Ameren issue stock to raise the money for the permit/licensing cost of a proposed nuclear plant, I agree, it was certainly a novel idea.
However, as an Ameren stockholder - it is part of my retirement account investments - I would be concerned about the stock price holding up with additional shares being issued and I am not sure that would be the most cost-effective way of meeting that cost.
It is also my understanding that this is a group of Missouri utilities requesting this permit, not just Ameren, and includes co-ops and municipal utilities that do not have stockholders.
I would also point out that Ameren's current stock price of $27.96 has declined from a high of over $50 per share in October of 2008 and the current dividend is about a 5.5 percent return on the current stock price. Guess I should have bought stock in Apple Computer which is at $350 per share currently, an increase from $200 per share in October of 2008.
It is also interesting to note that I believe you would find that a large number of Ameren stockholders would be folks like myself, your neighbors, friends, relatives and might even include the author of last week's letter if she has any type of retirement account that invests in mutual funds that might include Ameren in its investments.
I really think the issue is whether we believe nuclear power is a good clean efficient option to provide our future electrical needs. If so, then we need to work together to determine the most cost effective way to develop that source in the state of Missouri.
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