- First quarter Diluted Earnings Per Share were
$0.98 in 2024 vs. $1.00 in 2023
- Guidance Range for 2024 Affirmed at $4.52 to $4.72 per
Diluted Share
ST.
LOUIS, May 2, 2024 /PRNewswire/ -- Ameren
Corporation (NYSE: AEE) today announced first quarter 2024 net
income attributable to common shareholders of $261 million, or $0.98
cents per share, compared to first quarter 2023 GAAP net
income of $264 million, or
$1.00 per diluted share.
First quarter 2024 results reflected earnings on increased
infrastructure investments driven by strong execution of the
company's strategy. Earnings were positively impacted by new Ameren
Illinois Natural Gas service rates and rate design. Ameren Missouri
earnings also benefited from new electric service rates and higher
electric retail sales that were partially offset by impacts of
milder winter temperatures compared to the year-ago-period. These
positive factors were more than offset by higher operations and
maintenance expenses at Ameren Missouri, which included a charge
related to the Rush Island Energy Center litigation, higher
interest expense at Ameren Missouri, lower tax benefits at Ameren
Parent and a lower return on equity at Ameren Illinois Electric
Distribution. Finally, the earnings comparison also reflected
higher weighted-average basic common shares outstanding.
"We delivered solid first quarter results through strong
operational performance and continued strategic infrastructure and
grid technology investments. Upgrading our energy delivery systems
and increasing renewable generation will ensure reliable, safe,
affordable, and cleaner energy for our customers and communities,"
said Martin J. Lyons, Jr., chairman,
president and chief executive officer of Ameren Corporation. "We
remain committed to disciplined cost management, which we expect to
result in meaningful operations and maintenance expense reductions
in the second half of the year. Through consistent execution of our
long-term strategy, we are focused on driving sustainable earnings
and dividend growth for our shareholders," added Lyons.
Earnings Guidance
Today, Ameren affirmed its 2024 earnings guidance range of
$4.52 to $4.72 per diluted share. Earnings guidance for
2024 assumes normal temperatures for the last nine months of the
year and is subject to the effects of, among other things:
regulatory, judicial and legislative actions; energy center and
energy distribution operations; energy, economic and capital market
conditions; customer usage; severe storms; market returns on
company-owned life insurance investments; unusual or otherwise
unexpected gains or losses; and other risks and uncertainties
outlined, or referred to, in the Forward-looking Statements section
of this press release.
Ameren Missouri Segment Results
Ameren Missouri first quarter 2024 earnings were $25 million, compared to first quarter 2023
earnings of $28 million. The
year-over-year comparison reflected earnings on increased
infrastructure investments, new electric service rates effective
July 9, 2023, and higher electric
retail sales that were partially offset by impacts of milder winter
temperatures compared to the year-ago-period. These positive
factors were more than offset by higher operations and maintenance
expenses, including a charge related to the Rush Island Energy
Center litigation and higher interest expense due to higher debt
balances.
Ameren Illinois Electric Distribution Segment Results
Ameren Illinois Electric Distribution first quarter 2024
earnings were $56 million, compared
to first quarter 2023 earnings of $61
million. The year-over-year comparison reflected a lower
allowed return on equity for 2024 under the new multi-year rate
plan.
Ameren Illinois Natural Gas Segment Results
Ameren Illinois Natural Gas first quarter 2024 earnings were
$106 million, compared to first
quarter 2023 earnings of $87 million.
The year-over-year increase reflected new delivery service rates
and rate design effective November 28,
2023. The rate design change, which increased earnings by
$8 million, is not expected to impact
full-year results.
Ameren Transmission Segment Results
Ameren Transmission first quarter 2024 earnings were
$72 million, compared to first
quarter 2023 earnings of $71 million.
The year-over-year increase reflected earnings on increased
infrastructure investments offset primarily by lower allowance for
funds used during construction due to timing of financings and
project expenditures.
Ameren Parent Results (includes items not reported in a business
segment)
Ameren Parent first quarter 2024 earnings were $2 million, compared to first quarter 2023
earnings of $17 million. The
year-over-year comparison primarily reflected lower tax benefits
associated with share-based compensation.
Analyst Conference Call
Ameren will conduct a conference call for financial analysts at
9 a.m. Central Time on Friday, May 3,
2024 to discuss 2024 earnings, earnings guidance and other matters.
Investors, the news media and the public may listen to a live
broadcast of the call at AmerenInvestors.com by clicking on
"Webcast" under "Latest Quarterly Results," where an accompanying
slide presentation will also be available. The conference call and
presentation will be archived in the "Investors" section of the
website under "Quarterly Earnings."
About Ameren
St. Louis-based Ameren
Corporation powers the quality of life for 2.4 million
electric customers and more than 900,000 natural gas customers in a
64,000-square-mile area through its Ameren Missouri and Ameren
Illinois rate-regulated utility subsidiaries. Ameren Illinois
provides electric transmission and distribution service and natural
gas distribution service. Ameren Missouri provides electric
generation, transmission and distribution service, as well as
natural gas distribution service. Ameren Transmission Company of
Illinois develops, owns and
operates rate-regulated regional electric transmission projects in
the Midcontinent Independent System Operator, Inc. For more
information, visit Ameren.com, or follow us on X at @AmerenCorp,
Facebook.com/AmerenCorp, or LinkedIn/company/Ameren.
Forward-looking Statements
Statements in this release not based on historical facts are
considered "forward-looking" and, accordingly, involve risks and
uncertainties that could cause actual results to differ materially
from those discussed. Although such forward-looking statements have
been made in good faith and are based on reasonable assumptions,
there is no assurance that the expected results will be achieved.
These statements include (without limitation) statements as to
future expectations, beliefs, plans, projections, strategies,
targets, estimates, objectives, events, conditions, and financial
performance. In connection with the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995, we are providing
this cautionary statement to identify important factors that could
cause actual results to differ materially from those anticipated.
The following factors, in addition to those discussed under Risk
Factors in Ameren's Annual Report on Form 10-K for the year ended
December 31, 2023, and elsewhere in
this release and in our other filings with the Securities and
Exchange Commission, could cause actual results to differ
materially from management expectations suggested in such
forward-looking statements:
- regulatory, judicial, or legislative actions, and any changes
in regulatory policies and ratemaking determinations, that may
change regulatory recovery mechanisms, such as those that may
result from Ameren Missouri's petition to the Missouri Public
Service Commission (MoPSC) for a financing order to authorize the
issuance of securitized utility tariff bonds to finance the cost of
the planned accelerated retirement of the Rush Island Energy
Center, any additional mitigation relief sought by the United
States Department of Justice related to the Rush Island Energy
Center in the United States
District Court for the Eastern District of Missouri, Ameren Missouri's proposed customer
energy-efficiency plan under the Missouri Energy Efficiency
Investment Act (MEEIA) filed with the MoPSC in January 2024, Ameren Illinois' December 2023 Illinois Commerce Commission (ICC)
order for the Multi-Year Rate Plan (MYRP) electric distribution
service regulatory rate review that directed Ameren Illinois to
file a revised Grid Plan and a request to update the associated
MYRP revenue requirements for 2024 through 2027, both subsequently
filed in March 2024, along with
Ameren Illinois' January 2024
rehearing request of the order and appeal of the order to the
Illinois Appellate Court for the Fifth Judicial District, Ameren
Illinois' electric distribution service revenue requirement
reconciliation adjustment request filed with the ICC in
April 2024, Ameren Illinois' appeal
of the November 2023 ICC natural gas
delivery service rate order to the Illinois Appellate Court for the
Fifth Judicial District, and the August
2022 United States Court of Appeals for the District of
Columbia Circuit ruling that vacated the Federal Energy Regulatory
Commission's (FERC) Midcontinent Independent System Operator, Inc.
(MISO), return on equity (ROE)-determining orders and remanded the
proceedings to the FERC;
- our ability to control costs and make substantial investments
in our businesses, including our ability to recover costs and
investments, and to earn our allowed ROEs, within frameworks
established by our regulators, while maintaining affordability of
services for our customers;
- the effect and duration of Ameren Illinois' election to utilize
MYRPs for electric distribution service ratemaking effective for
rates beginning in 2024, including the effect of the reconciliation
cap on the electric distribution revenue requirement;
- the effect of Ameren Illinois' use of the performance-based
formula ratemaking framework for its participation in electric
energy-efficiency programs, and the related impact of the direct
relationship between Ameren Illinois' ROE and the 30-year United
States Treasury bond yields;
- the effect on Ameren Missouri of any customer rate caps or
limitations on increasing the electric service revenue requirement
pursuant to Ameren Missouri's election to use the plant-in-service
accounting regulatory mechanism (PISA);
- Ameren Missouri's ability to construct and/or acquire wind,
solar, and other renewable energy generation facilities and battery
storage, as well as natural gas-fired energy centers, extend the
operating license for the Callaway Energy Center, retire fossil
fuel-fired energy centers, and implement new or existing customer
energy-efficiency programs, including any such construction,
acquisition, retirement, or implementation in connection with its
Smart Energy Plan, integrated resource plan, or emissions reduction
goals, and to recover its cost of investment, a related return,
and, in the case of customer energy-efficiency programs, any lost
electric revenues in a timely manner, each of which is affected by
the ability to obtain all necessary regulatory and project
approvals, including certificates of convenience and necessity from
the MoPSC or any other required approvals for the addition of
renewable resources and natural gas-fired energy centers;
- Ameren Missouri's ability to use or transfer federal production
and investment tax credits related to renewable energy projects;
the cost of wind, solar, and other renewable generation and storage
technologies; and our ability to obtain timely interconnection
agreements with the MISO or other regional transmission
organizations at an acceptable cost for each facility;
- the outcome of competitive bids related to requests for
proposals associated with the MISO's long-range transmission
planning;
- the inability of our counterparties to meet their obligations
with respect to contracts, credit agreements, and financial
instruments, including as they relate to the construction and
acquisition of electric and natural gas utility infrastructure and
the ability of counterparties to complete projects, which is
dependent upon the availability of necessary materials and
equipment, including those obligations that are affected by supply
chain disruptions;
- advancements in energy technologies, including carbon capture,
utilization, and sequestration, hydrogen fuel for electric
production and energy storage, next generation nuclear, and
large-scale long-cycle battery energy storage, and the impact of
federal and state energy and economic policies with respect to
those technologies;
- the effects of changes in federal, state, or local laws and
other governmental actions, including monetary, fiscal, foreign
trade, and energy policies;
- the effects of changes in federal, state, or local tax laws or
rates, including the effects of the Inflation Reduction Act of 2022
(IRA) and the 15% minimum tax on adjusted financial statement
income, as well as additional regulations, interpretations,
amendments, or technical corrections to or in connection with the
IRA, and challenges to the tax positions we have taken, if any, as
well as resulting effects on customer rates and the recoverability
of the minimum tax imposed under the IRA;
- the effects on energy prices and demand for our services
resulting from technological advances, including advances in
customer energy efficiency, electric vehicles, electrification of
various industries, energy storage, and private generation sources,
which generate electricity at the site of consumption and are
becoming more cost-competitive;
- the cost and availability of fuel, such as low-sulfur coal,
natural gas, and enriched uranium used to produce electricity; the
cost and availability of natural gas for distribution and the cost
and availability of purchased power, including capacity, zero
emission credits, renewable energy credits, and emission
allowances; and the level and volatility of future market prices
for such commodities and credits;
- disruptions in the delivery of fuel, failure of our fuel
suppliers to provide adequate quantities or quality of fuel, or
lack of adequate inventories of fuel, including nuclear fuel
assemblies primarily from the one Nuclear Regulatory
Commission-licensed supplier of assemblies for Ameren Missouri's
Callaway Energy Center;
- the cost and availability of transmission capacity for the
energy generated by Ameren Missouri's energy centers or required to
satisfy Ameren Missouri's energy sales;
- the effectiveness of our risk management strategies and our use
of financial and derivative instruments;
- the ability to obtain sufficient insurance, or, in the absence
of insurance, the ability to timely recover uninsured losses from
our customers;
- the impact of cyberattacks and data security risks on us, our
suppliers, or other entities on the grid, which could, among other
things, result in the loss of operational control of energy centers
and electric and natural gas transmission and distribution systems
and/or the loss of data, such as customer, employee, financial, and
operating system information;
- acts of sabotage, which have increased in frequency and
severity within the utility industry, war, terrorism, or other
intentionally disruptive acts;
- business, economic, and capital market conditions, including
the impact of such conditions on interest rates, inflation, and
investments;
- the impact of inflation or a recession on our customers and the
related impact on our results of operations, financial position,
and liquidity;
- disruptions of the capital and credit markets, deterioration in
our credit metrics, or other events that may have an adverse effect
on the cost or availability of capital, including short-term credit
and liquidity, and our ability to access the capital and credit
markets on reasonable terms when needed;
- the actions of credit rating agencies and the effects of such
actions;
- the impact of weather conditions and other natural conditions
on us and our customers, including the impact of system outages and
the level of wind and solar resources;
- the construction, installation, performance, and cost recovery
of generation, transmission, and distribution assets;
- the ability to maintain system reliability during the
transition to clean energy generation by Ameren Missouri and the
electric utility industry, as well as our ability to meet
generation capacity obligations;
- the effects of failures of electric generation, electric and
natural gas transmission or distribution, or natural gas storage
facilities systems and equipment, which could result in
unanticipated liabilities or unplanned outages;
- the operation of Ameren Missouri's Callaway Energy Center,
including planned and unplanned outages, as well as the ability to
recover costs associated with such outages and the impact of such
outages on off-system sales and purchased power, among other
things;
- Ameren Missouri's ability to recover the remaining investment
and decommissioning costs associated with the retirement of an
energy center, as well as the ability to earn a return on that
remaining investment and those decommissioning costs;
- the impact of current environmental laws and new, more
stringent, or changing requirements, including those related to New
Source Review provisions of the Clean Air Act, carbon dioxide,
nitrogen oxides and other emissions and discharges, Illinois emission standards, cooling water
intake structures, coal combustion residuals, energy efficiency,
and wildlife protection, that could limit or terminate the
operation of certain of Ameren Missouri's energy centers, increase
our operating costs or investment requirements, result in an
impairment of our assets, cause us to sell our assets, reduce our
customers' demand for electricity or natural gas, or otherwise have
a negative financial effect;
- the impact of complying with renewable energy standards in
Missouri and Illinois and with the zero emission standard
in Illinois;
- the effectiveness of Ameren Missouri's customer
energy-efficiency programs and the related revenues and performance
incentives earned under its MEEIA programs;
- Ameren Illinois' ability to achieve the performance standards
applicable to its electric distribution business and electric
customer energy-efficiency goals and the resulting impact on its
allowed ROE;
- labor disputes, work force reductions, changes in future wage
and employee benefits costs, including those resulting from changes
in discount rates, mortality tables, returns on benefit plan
assets, and other assumptions;
- the impact of negative opinions of us or our utility services
that our customers, investors, legislators, regulators, creditors,
or other stakeholders may have or develop, which could result from
a variety of factors, including failures in system reliability,
failure to implement our investment plans or to protect sensitive
customer information, increases in rates, negative media coverage,
or concerns about environmental, social, and governance
practices;
- the impact of adopting new accounting and reporting
guidance;
- the effects of strategic initiatives, including mergers,
acquisitions, and divestitures;
- legal and administrative proceedings;
- pandemics or other significant global health events, and their
impacts on our results of operations, financial position, and
liquidity; and
- the impacts of the Russian invasion of Ukraine and conflicts in the Middle East, related sanctions imposed by the
U.S. and other governments, and any broadening of these or other
global conflicts, including potential impacts on the cost and
availability of fuel, natural gas, enriched uranium, and other
commodities, materials, and services, the inability of our
counterparties to perform their obligations, disruptions in the
capital and credit markets, acts of sabotage or terrorism,
including cyberattacks,and other impacts on business, economic, and
geopolitical conditions, including inflation.
New factors emerge from time to time, and it is not possible for
us to predict all of such factors, nor can we assess the impact of
each such factor on the business or the extent to which any factor,
or combination of factors, may cause actual results to differ
materially from those contained or implied in any forward-looking
statement. Given these uncertainties, undue reliance should not be
placed on these forward-looking statements. Except to the extent
required by the federal securities laws, we undertake no obligation
to update or revise publicly any forward-looking statements to
reflect new information or future events.
AMEREN CORPORATION
(AEE)
CONSOLIDATED
STATEMENT OF INCOME
(Unaudited, in
millions, except per share amounts)
|
|
|
Three Months
Ended
March 31,
|
|
2024
|
|
2023
|
Operating
Revenues:
|
|
|
|
Electric
|
$
1,364
|
|
$
1,590
|
Natural gas
|
452
|
|
472
|
Total operating
revenues
|
1,816
|
|
2,062
|
Operating
Expenses:
|
|
|
|
Fuel and purchased
power
|
328
|
|
608
|
Natural gas purchased
for resale
|
151
|
|
208
|
Other operations and
maintenance
|
470
|
|
448
|
Depreciation and
amortization
|
361
|
|
320
|
Taxes other than
income taxes
|
135
|
|
127
|
Total operating
expenses
|
1,445
|
|
1,711
|
Operating
Income
|
371
|
|
351
|
Other Income,
Net
|
89
|
|
78
|
Interest
Charges
|
154
|
|
127
|
Income Before
Income Taxes
|
306
|
|
302
|
Income
Taxes
|
44
|
|
37
|
Net
Income
|
262
|
|
265
|
Less: Net Income
Attributable to Noncontrolling Interests
|
1
|
|
1
|
Net Income
Attributable to Ameren Common Shareholders
|
$
261
|
|
$
264
|
|
|
|
|
Earnings per Common
Share – Basic
|
$
0.98
|
|
$
1.01
|
|
|
|
|
Earnings per Common
Share – Diluted
|
$
0.98
|
|
$
1.00
|
|
|
|
|
Weighted-average
Common Shares Outstanding – Basic
|
266.4
|
|
262.2
|
Weighted-average
Common Shares Outstanding – Diluted
|
266.8
|
|
263.1
|
AMEREN CORPORATION
(AEE)
CONSOLIDATED BALANCE
SHEET
(Unaudited, in
millions)
|
|
|
March 31,
2024
|
|
December 31,
2023
|
ASSETS
|
|
|
|
Current
Assets:
|
|
|
|
Cash and cash
equivalents
|
$
85
|
|
$
25
|
Accounts receivable -
trade (less allowance for doubtful accounts)
|
507
|
|
494
|
Unbilled
revenue
|
272
|
|
319
|
Miscellaneous accounts
receivable
|
82
|
|
106
|
Inventories
|
679
|
|
733
|
Current regulatory
assets
|
356
|
|
365
|
Other current
assets
|
103
|
|
139
|
Total current
assets
|
2,084
|
|
2,181
|
Property, Plant, and
Equipment, Net
|
34,114
|
|
33,776
|
Investments and
Other Assets:
|
|
|
|
Nuclear
decommissioning trust fund
|
1,232
|
|
1,150
|
Goodwill
|
411
|
|
411
|
Regulatory
assets
|
1,904
|
|
1,810
|
Pension and other
postretirement benefits
|
597
|
|
581
|
Other
assets
|
964
|
|
921
|
Total investments and
other assets
|
5,108
|
|
4,873
|
TOTAL
ASSETS
|
$
41,306
|
|
$
40,830
|
LIABILITIES AND
EQUITY
|
|
|
|
Current
Liabilities:
|
|
|
|
Current maturities of
long-term debt
|
$
1,149
|
|
$
849
|
Short-term
debt
|
868
|
|
536
|
Accounts and wages
payable
|
647
|
|
1,136
|
Customer
deposits
|
190
|
|
176
|
Other current
liabilities
|
651
|
|
648
|
Total current
liabilities
|
3,505
|
|
3,345
|
Long-term Debt,
Net
|
15,167
|
|
15,121
|
Deferred Credits and
Other Liabilities:
|
|
|
|
Accumulated deferred
income taxes and tax credits, net
|
4,251
|
|
4,176
|
Regulatory
liabilities
|
5,593
|
|
5,512
|
Asset retirement
obligations
|
779
|
|
772
|
Other deferred credits
and liabilities
|
439
|
|
426
|
Total deferred credits
and other liabilities
|
11,062
|
|
10,886
|
Shareholders'
Equity:
|
|
|
|
Common
stock
|
3
|
|
3
|
Other paid-in capital,
principally premium on common stock
|
7,228
|
|
7,216
|
Retained
earnings
|
4,219
|
|
4,136
|
Accumulated other
comprehensive loss
|
(7)
|
|
(6)
|
Total shareholders'
equity
|
11,443
|
|
11,349
|
Noncontrolling
Interests
|
129
|
|
129
|
Total
equity
|
11,572
|
|
11,478
|
TOTAL LIABILITIES
AND EQUITY
|
$
41,306
|
|
$
40,830
|
AMEREN CORPORATION
(AEE)
CONDENSED
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in
millions)
|
|
|
Three Months Ended
March 31,
|
|
2024
|
|
2023
|
Cash Flows From
Operating Activities:
|
|
|
|
Net income
|
$
262
|
|
$
265
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
Depreciation and
amortization
|
379
|
|
350
|
Amortization of
nuclear fuel
|
18
|
|
19
|
Amortization of debt
issuance costs and premium/discounts
|
5
|
|
3
|
Deferred income taxes
and investment tax credits, net
|
44
|
|
35
|
Allowance for equity
funds used during construction
|
(9)
|
|
(9)
|
Stock-based
compensation costs
|
8
|
|
8
|
Other
|
16
|
|
(6)
|
Changes in assets and
liabilities
|
(231)
|
|
(169)
|
Net cash provided by
operating activities
|
492
|
|
496
|
Cash Flows From
Investing Activities:
|
|
|
|
Capital
expenditures
|
(890)
|
|
(931)
|
Nuclear fuel
expenditures
|
(12)
|
|
(20)
|
Purchases of
securities – nuclear decommissioning trust fund
|
(70)
|
|
(29)
|
Sales and maturities
of securities – nuclear decommissioning trust fund
|
66
|
|
17
|
Other
|
—
|
|
(1)
|
Net cash used in
investing activities
|
(906)
|
|
(964)
|
Cash Flows From
Financing Activities:
|
|
|
|
Dividends on common
stock
|
(178)
|
|
(165)
|
Dividends paid to
noncontrolling interest holders
|
(1)
|
|
(1)
|
Short-term debt,
net
|
332
|
|
179
|
Issuances of long-term
debt
|
347
|
|
499
|
Issuances of common
stock
|
10
|
|
5
|
Employee payroll taxes
related to stock-based compensation
|
(8)
|
|
(20)
|
Debt issuance
costs
|
(5)
|
|
(5)
|
Other
|
—
|
|
(3)
|
Net cash provided by
financing activities
|
497
|
|
489
|
Net change in cash,
cash equivalents, and restricted cash
|
83
|
|
21
|
Cash, cash
equivalents, and restricted cash at beginning of year(a)
|
272
|
|
216
|
Cash, cash
equivalents, and restricted cash at end of period(b)
|
$
355
|
|
$
237
|
(a)
|
Includes $25 million of
cash and cash equivalents and $247 million of restricted cash as of
December 31, 2023.
|
(b)
|
Includes $85 million of
cash and cash equivalents and $270 million of restricted cash as of
March 31, 2024.
|
AMEREN CORPORATION
(AEE)
OPERATING
STATISTICS
|
|
|
Three Months
Ended
|
|
March 31,
|
|
2024
|
|
2023
|
Electric Sales -
kilowatthours (in millions):
|
|
|
|
Ameren
Missouri
|
|
|
|
Residential
|
3,477
|
|
3,413
|
Commercial
|
3,271
|
|
3,202
|
Industrial
|
959
|
|
936
|
Street lighting and
public authority
|
19
|
|
20
|
Ameren Missouri retail
load subtotal
|
7,726
|
|
7,571
|
Off-system
|
1,131
|
|
1,054
|
Ameren Missouri
total
|
8,857
|
|
8,625
|
Ameren Illinois
Electric Distribution
|
|
|
|
Residential
|
2,751
|
|
2,696
|
Commercial
|
2,756
|
|
2,826
|
Industrial
|
2,678
|
|
2,611
|
Street lighting and
public authority
|
98
|
|
107
|
Ameren Illinois
Electric Distribution total
|
8,283
|
|
8,240
|
Ameren
Total
|
17,140
|
|
16,865
|
Electric Revenues
(in millions):
|
|
|
|
Ameren
Missouri
|
|
|
|
Residential
|
$
341
|
|
$
324
|
Commercial
|
259
|
|
247
|
Industrial
|
61
|
|
61
|
Other, including
street lighting and public authority
|
24
|
|
30
|
Ameren Missouri retail
load subtotal
|
$
685
|
|
$
662
|
Off-system sales and
capacity
|
29
|
|
179
|
Ameren Missouri
total
|
$
714
|
|
$
841
|
Ameren Illinois
Electric Distribution
|
|
|
|
Residential
|
$
297
|
|
$
382
|
Commercial
|
165
|
|
200
|
Industrial
|
45
|
|
48
|
Other, including
street lighting and public authority
|
(1)
|
|
(6)
|
Ameren Illinois
Electric Distribution total
|
$
506
|
|
$
624
|
Ameren
Transmission
|
|
|
|
Ameren Illinois
Transmission(a)
|
$
131
|
|
$
114
|
ATXI
|
55
|
|
49
|
Eliminate affiliate
revenues
|
(1)
|
|
—
|
Ameren Transmission
total
|
$
185
|
|
$
163
|
Other and intersegment
eliminations(a)
|
(41)
|
|
(38)
|
Ameren
Total
|
$
1,364
|
|
$
1,590
|
(a)
|
Includes $28 million in
both years of electric operating revenues from transmission
services provided to the Ameren Illinois Electric Distribution
segment.
|
AMEREN CORPORATION
(AEE)
OPERATING
STATISTICS
|
|
|
Three Months
Ended
|
|
March 31,
|
|
2024
|
|
2023
|
Gas Sales -
dekatherms (in millions):
|
|
|
|
Ameren
Missouri
|
8
|
|
8
|
Ameren Illinois
Natural Gas
|
60
|
|
60
|
Ameren
Total
|
68
|
|
68
|
Gas Revenues (in
millions):
|
|
|
|
Ameren
Missouri
|
$
61
|
|
$
82
|
Ameren Illinois
Natural Gas
|
391
|
|
391
|
Eliminate affiliate
revenues
|
—
|
|
(1)
|
Ameren
Total
|
$
452
|
|
$
472
|
|
March
31,
|
|
December
31,
|
|
2024
|
|
2023
|
Common
Stock:
|
|
|
|
Shares outstanding (in
millions)
|
266.6
|
|
266.3
|
Book value per
share
|
$
42.92
|
|
$
42.62
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ameren-announces-first-quarter-2024-results-302135149.html
SOURCE Ameren Corporation