Deals Counterparts

Ameren Illinois ChargeReady Program

Development EV Charging announced USA Jan 20, 2026
USD86.7M
Deal Value
development
Stage
ChargeReady Program
Project

Ameren Illinois is providing incentives for charging equipment and its installation for residential, commercial, industrial customers, schools, and public facilities.

Deal Analysis

The Ameren Illinois ChargeReady Program represents a significant development in the expansion of EV charging infrastructure within Ameren Illinois' service territory. This program, announced in January 2026, offers incentives for a broad range of customers, including residential, commercial, industrial, schools, and public facilities, to install EV charging equipment. By subsidizing both the equipment and installation costs, Ameren Illinois aims to accelerate the adoption of electric vehicles and support the growing demand for charging infrastructure across central and southern Illinois. The involvement of the Illinois Commerce Commission as a regulator underscores the program's importance in aligning with state-level energy and environmental goals. While the specific value and capacity details are not provided, the program's scope suggests a substantial investment in EV charging infrastructure. Ameren Illinois, a major regulated utility serving a large customer base, is well-positioned to execute this program. The ChargeReady Program is likely to stimulate economic activity within the EV charging sector, creating opportunities for equipment manufacturers, installers, and other related businesses. The program's success will depend on factors such as the level of incentives offered, the ease of application, and the overall demand for EV charging in the region.
  • Ameren Illinois, a major utility, is leading the program.
  • The program targets a wide range of customer segments.
  • Incentives cover both equipment and installation costs.
  • The Illinois Commerce Commission is involved as a regulator.
Market Context: The EV charging sector is experiencing rapid growth, driven by increasing EV sales and government policies promoting electrification. Utility-led programs like ChargeReady are crucial for expanding charging infrastructure and addressing range anxiety.

Source Intelligence

KEY DETAILS

The Climate and Equitable Jobs Act (CEJA) requires that utilities develop and submit BE plans with the goal of promoting vehicle electrification, decreasing reliance on fossil fuels, reducing pollution from the transportation sector, increasing the adoption of electric vehicles in the State to 1,000,000 by 2030, and striving for Illinois to be the best state in the nation for driving and manufacturing electric vehicles.

Deal Size
Approximately $86.7 million in total
Location
the State of Illinois
Announcement
On March 27, 2025, the Illinois Commerce Commission approved ComEd and Ameren’s respective second Beneficial Electrification (BE) Plans, covering 2026-28.
PARTIES MENTIONED IN SOURCE
A
Ameren developer

"Ameren ( Approximately $86.7 million in total )"

C
ComEd developer

"ComEd and Ameren’s respective second Beneficial Electrification (BE) Plans, covering 2026-28."

high quality Enriched Feb 19, 2026

Timeline

Announced
Jan 20, 2026
Signed
Closed

Market Context

This deal is part of the EV Charging sector in USA.
6
EV Charging deals
206
deals in USA
1 of 6 EV Charging deals tracked this month · Updated daily

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