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Taum Sauk settlement worth $125 million

By AP/KWMU

Jefferson City, MO. – The Missouri Department of Natural Resources is offering Ameren Corporation a deal to pay more than 125 million dollars for damages and fines stemming from the Taum Sauk reservoir collapse.

The Associated Press has obtained a confidential settlement proposal that DNR sent to Ameren and to Missouri Attorney General Jay Nixon on December sixth.

The settlement proposal includes a ten million-dollar fine, which would be the largest ever levied by the DNR.

However, Attorney General Jay Nixon says it is his office, not DNR, that handles legal matters. Nixon filed a lawsuit against Ameren Wednesday.

Neither DNR officials nor Ameren officials would comment on the settlement offer because it's confidential.

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