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Ameren Corp.

On December 14, 2005 the Taum Sauk reservoir collapsed and unleashed more than a billion gallons of water. The overflow destroyed a state park and injured a family of five. The Federal Energy Regulatory Commission filed charges against Ameren for violating federal regulations at the hydroelectric plant. Ameren allegedly knew of critical problems at the reservoir for months before the collapse, but did not fix them or close down the hydroelectric plant over cost concerns. Ameren agreed to pay federal regulators a $15 million fine for the reservoir collapse. (Oct-02-06) [FORBES: AMEREN]


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Published on Oct-4-06


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