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ST. LOUIS, Nov. 8, 2019 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) today announced third quarter 2019 GAAP and core net income attributable to common shareholders of $364 million, or $1.47 per diluted share, compared to third quarter 2018 GAAP net income attributable to common shareholders of $357 million, or $1.45 per diluted share. Excluding the prior year tax-related item reflected in the table below, Ameren recorded third quarter 2018 core (non-GAAP) net income of $370 million, or $1.50 per diluted share.

The decrease in year-over-year third quarter core earnings was primarily due to lower earnings at Ameren Illinois Electric Distribution partially offset by higher earnings at Ameren Transmission. Ameren Illinois Electric Distribution results were lower due to a lower allowed return on equity under formula ratemaking. Increased infrastructure investments drove higher earnings at Ameren Transmission. Ameren Missouri and Ameren Illinois Natural Gas earnings were comparable.

"We continue to execute on all elements of our strategy, which includes significant investment in energy infrastructure and disciplined cost management in each of our business segments. Due to the strong execution of our strategy, we are narrowing our 2019 earnings guidance range to $3.23 to $3.33 per share from our initial 2019 guidance range of $3.15 to $3.35 per share, while increasing the mid-point three cents per share," said Warner L. Baxter, chairman, president and chief executive officer of Ameren Corporation. "Looking ahead, we will remain focused on executing our strategy in order to continue delivering superior value to our customers, the communities we serve and our shareholders."

Ameren recorded GAAP and core net income attributable to common shareholders for the nine months ended Sept. 30, 2019, of $734 million, or $2.97 per diluted share, compared to GAAP net income attributable to common shareholders for the nine months ended Sept. 30, 2018, of $747 million, or $3.04 per diluted share. Excluding the prior year tax-related item reflected in the table below, Ameren recorded core net income for the first nine months ended Sept. 30, 2018, of $760 million, or $3.09 per diluted share.

The decrease in year-over-year nine-month earnings was due to lower earnings at Ameren Missouri partially offset by higher earnings at Ameren's other business segments. Ameren Missouri's earnings reflected lower electric retail sales, which decreased earnings by an estimated $56 million, primarily due to near-normal temperatures in 2019 compared to colder winter and warmer summer temperatures in the year-ago period. In addition, the Callaway Energy Center refueling and maintenance outage increased Ameren Missouri's operations and maintenance expenses, which reduced earnings by $22 million compared to 2018 when there was no such outage. These factors were partially offset by higher energy efficiency performance incentives at Ameren Missouri, which increased earnings by $24 million. Higher earnings at Ameren Transmission reflected increased infrastructure investments. Ameren Illinois Electric Distribution earnings were higher reflecting increased infrastructure and energy efficiency investments that were mostly offset by a lower allowed return on equity. Ameren Illinois Natural Gas earnings also rose reflecting higher delivery service rates and increased infrastructure investments. Finally, the earnings comparison also benefited from a lower consolidated effective income tax rate in 2019.

As reflected in the table below, there was a non-cash charge for a true-up to the revaluation of deferred taxes associated with the federal Tax Cuts and Jobs Act of 2017 (TCJA) resulting primarily from proposed regulations related to bonus depreciation issued in August 2018, which decreased earnings for the third quarter and first nine months of 2018 by $13 million.

 

(In millions, except per share amounts)

 

Three Months Ended
Sept. 30,

Nine Months Ended
Sept. 30,

 

2019

2018

2019

2018

GAAP Earnings / Diluted EPS

$

364

 

$

1.47

 

$

357

 

$

1.45

 

$

734

 

$

2.97

 

$

747

 

$

3.04

 
         

Charge for revaluation of deferred taxes from decreased federal income tax rate

 

 

13

 

0.05

 

 

 

13

 

0.05

 

  Less: State income tax benefit

 

 

 

 

 

 

 

 

    Charge, net of tax benefit

 

 

13

 

0.05

 

 

 

13

 

0.05

 

Core Earnings / Diluted EPS

$

364

 

$

1.47

 

$

370

 

$

1.50

 

$

734

 

$

2.97

 

$

760

 

$

3.09

 

Earnings Guidance

Today, Ameren narrowed its 2019 earnings guidance range to $3.23 to $3.33 per diluted share, compared to the prior range of $3.15 to $3.35 per diluted share. Earnings guidance for 2019 assumes normal temperatures for the last three months of this year and is subject to the effects of, among other things: 30-year U.S. Treasury bond yields; regulatory, judicial and legislative actions; energy center and energy distribution operations; energy, economic, capital and credit market conditions; severe storms; 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 third quarter 2019 GAAP and core earnings were $300 million, compared to third quarter 2018 GAAP and core earnings of $294 million and $298 million, respectively. Core earnings in 2018 excluded a $4 million non-cash charge for the revaluation of deferred taxes. The year-over-year comparison reflected 2019 energy efficiency performance incentives of $13 million, as well as $6 million due to the comparative impacts of timing differences in 2018 between income tax expense and revenue reductions related to TCJA. These timing differences impact 2019 quarterly earnings comparisons but are not expected to impact the full-year comparison. These favorable factors were mostly offset by lower electric retail sales due primarily to milder mid-summer temperatures compared to the year-ago period, as well as higher property tax expenses.

Ameren Illinois Electric Distribution Segment Results

Ameren Illinois Electric Distribution third quarter 2019 GAAP and core earnings were $32 million, compared to third quarter 2018 GAAP and core earnings of $35 million and $38 million, respectively. Core earnings in 2018 excluded a $3 million non-cash charge for the revaluation of deferred taxes. The year-over-year comparison reflected a lower allowed return on equity due to a lower projected average 30-year U.S. Treasury bond yield in 2019 compared to 2018 partially offset by earnings on increased infrastructure and energy efficiency investments.

Ameren Illinois Natural Gas Segment Results

Ameren Illinois Natural Gas third quarter 2019 GAAP and core losses were $1 million, compared to third quarter 2018, which had no GAAP earnings and core earnings of $1 million. Core earnings in 2018 excluded a $1 million non-cash charge for the revaluation of deferred taxes. The year-over-year comparison was negatively impacted by a change in rate design, which is not expected to impact full-year results. This change in rate design was partially offset by earnings on increased infrastructure investments.

Ameren Transmission Segment Results

Ameren Transmission third quarter 2019 earnings were $53 million, compared to third quarter 2018 earnings of $48 million. The year-over-year improvement reflected earnings on increased infrastructure investments.

Ameren Parent Results (includes items not reported in a business segment)

Ameren Parent results for the third quarter of 2019 reflected a GAAP and core loss of $20 million, compared to a third quarter 2018 GAAP and core loss of $20 million and $15 million, respectively. Core results for 2018 excluded a $5 million non-cash charge for the revaluation of deferred taxes. The year-over-year core loss increased due to timing of income tax expense, which is not expected to impact full-year results.

Analyst Conference Call

Ameren will conduct a conference call for financial analysts at 9 a.m. Central Time on Friday, Nov. 8, to discuss 2019 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 "Q3 2019 Earnings Conference Call," where an accompanying slide presentation will also be available. The conference call and presentation will be archived for one year in the "Investor News & Events" section of the website under "Events and Presentations."

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. For more information, visit Ameren.com, or follow us on Twitter 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, strategies, 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, 2018, 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, such as those that may result from the complaint case filed in February 2015 with the Federal Energy Regulatory Commission (FERC), a new methodology to determine the allowed base return on common equity under the Midcontinent Independent System Operator (MISO) tariff proposed by the FERC in November 2018, the Notices of Inquiry issued by the FERC in March 2019, Ameren Missouri's electric regulatory rate review filed with the Missouri Public Service Commission (MoPSC) in July 2019, a request for appeal filed with the Missouri Supreme Court by the Missouri Office of Public Counsel in November 2019 related to Ameren Missouri's renewable energy standard rate adjustment mechanism, Ameren Missouri's request for deferral accounting treatment of maintenance expenses related to scheduled Callaway refueling and maintenance outages filed with the MoPSC in October 2019, Ameren Illinois' April 2019 annual electric distribution formula rate update filing, Ameren Illinois' May 2019 annual electric energy-efficiency formula rate update, and future regulatory, judicial, or legislative actions that change regulatory recovery mechanisms;
  • the effect of Ameren Illinois' participation in performance-based formula ratemaking frameworks under the Illinois Energy Infrastructure Modernization Act and the Illinois Future Energy Jobs Act (FEJA), including the direct relationship between Ameren Illinois' return on common equity and the 30-year United States Treasury bond yields, and the related financial commitments;
  • the effect of Missouri Senate Bill 564 on Ameren Missouri, including customer rate caps pursuant to Ameren Missouri's election to use plant-in-service accounting;
  • the effects of changes in federal, state, or local laws and other governmental actions, including monetary, fiscal, and energy policies;
  • the effects of changes in federal, state, or local tax laws, regulations, interpretations, or rates, amendments or technical corrections to the TCJA, and challenges to the tax positions we have taken;
  • the effects on demand for our services resulting from technological advances, including advances in customer energy efficiency, energy storage, and private generation sources, which generate electricity at the site of consumption and are becoming more cost-competitive;
  • the effectiveness of Ameren Missouri's customer energy-efficiency programs and the related revenues and performance incentives earned under its Missouri Energy Efficiency Investment Act programs;
  • Ameren Illinois' ability to achieve the performance standards applicable to its electric distribution business and the FEJA electric customer energy-efficiency goals and the resulting impact on its allowed return on equity;
  • our ability to align overall spending, both operating and capital, with frameworks established by our regulators and to recover these costs in a timely manner in our attempt to earn our allowed returns on equity;
  • the cost and availability of fuel, such as ultra-low-sulfur coal, natural gas, and enriched uranium used to produce electricity; the cost and availability of purchased power, zero emission credits, renewable energy credits, and natural gas for distribution; and the level and volatility of future market prices for such commodities and credits, including our ability to recover the costs for such commodities and credits and our customers' tolerance for any related price increases;
  • 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 from the one Nuclear Regulatory Commission-licensed supplier of Ameren Missouri's Callaway Energy Center's assemblies;
  • 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, including insurance for Ameren Missouri's Callaway Energy Center, or, in the absence of insurance, the ability to recover uninsured losses from our customers;
  • the impact of cyberattacks on us or our suppliers, 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;
  • business and economic conditions, including their impact on interest rates, collection of our receivable balances, and demand for our products;
  • disruptions of the capital markets, deterioration in our credit metrics, including as a result of the implementation of the TCJA, or other events that may have an adverse effect on the cost or availability of capital, including short-term credit and liquidity;
  • the actions of credit rating agencies and the effects of such actions;
  • the inability of our counterparties to meet their obligations with respect to contracts, credit agreements, and financial instruments;
  • the impact of weather conditions and other natural phenomena on us and our customers, including the impact of system outages;
  • the construction, installation, performance, and cost recovery of generation, transmission, and distribution assets;
  • the effects of failures of equipment in the operation of natural gas transmission and distribution systems and storage facilities, such as leaks, explosions, and mechanical problems, and compliance with natural gas safety regulations;
  • the effects of failures of electric generation, transmission, or distribution equipment or facilities, which could result in unanticipated liabilities or unplanned outages;
  • the operation of Ameren Missouri's Callaway Energy Center, including planned and unplanned outages, and decommissioning costs;
  • the impact of current environmental laws and new, more stringent, or changing requirements, including those related to the effect of New Source Review and Clean Air Act litigation, carbon dioxide and the adoption and implementation of the Affordable Clean Energy Rule, other emissions and discharges, cooling water intake structures, coal combustion residuals, and energy efficiency, 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 requirements in Missouri and Illinois and with the zero emission standard in Illinois;
  • Ameren Missouri's ability to acquire wind and other renewable energy generation facilities and recover its cost of investment and related return in a timely manner, which is affected by the ability to obtain all necessary project approvals; the availability of federal production and investment tax credits related to renewable energy and Ameren Missouri's ability to use such credits; the cost of wind and solar generation technologies; and Ameren Missouri's ability to obtain timely interconnection agreements with MISO or other regional transmission organizations at an acceptable cost for each facility;
  • 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, legislators, or regulators 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, or negative media coverage;
  • the impact of adopting new accounting guidance;
  • the effects of strategic initiatives, including mergers, acquisitions, and divestitures;
  • legal and administrative proceedings; and
  • acts of sabotage, war, terrorism, or other intentionally disruptive acts.

New factors emerge from time to time, and it is not possible for management to predict all of such factors, nor can it 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
September 30,

 

Nine Months Ended
September 30,

 

2019

 

2018

 

2019

 

2018

Operating Revenues:

       

Electric

$

1,528

  

$

1,590

  

$

3,928

  

$

4,209

 

Natural gas

131

  

134

  

666

  

663

 

Total operating revenues

1,659

  

1,724

  

4,594

  

4,872

 

Operating Expenses:

       

Fuel

147

  

216

  

409

  

590

 

Purchased power

148

  

148

  

440

  

453

 

Natural gas purchased for resale

31

  

30

  

236

  

252

 

Other operations and maintenance

434

  

429

  

1,301

  

1,299

 

Depreciation and amortization

248

  

241

  

745

  

713

 

Taxes other than income taxes

131

  

127

  

375

  

374

 

Total operating expenses

1,139

  

1,191

  

3,506

  

3,681

 

Operating Income

520

  

533

  

1,088

  

1,191

 

Other Income, Net

34

  

32

  

99

  

84

 

Interest Charges

96

  

101

  

290

  

302

 

Income Before Income Taxes

458

  

464

  

897

  

973

 

Income Taxes

92

  

105

  

158

  

221

 

Net Income

366

  

359

  

739

  

752

 

Less: Net Income Attributable to Noncontrolling Interests

2

  

2

  

5

  

5

 

Net Income Attributable to Ameren Common Shareholders

$

364

  

$

357

  

$

734

  

$

747

 
        

Earnings per Common Share – Basic

$

1.48

  

$

1.46

  

$

2.99

  

$

3.06

 
        

Earnings per Common Share – Diluted

$

1.47

  

$

1.45

  

$

2.97

  

$

3.04

 
        

Weighted-average Common Shares Outstanding – Basic

245.9

  

244.1

  

245.5

  

243.6

 

Weighted-average Common Shares Outstanding – Diluted

247.5

  

246.3

  

247.0

  

245.5

 

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

 
 

September 30,
2019

 

December 31,
2018

ASSETS

   

Current Assets:

   

Cash and cash equivalents

$

20

  

$

16

 

Accounts receivable - trade (less allowance for doubtful accounts)

478

  

463

 

Unbilled revenue

273

  

295

 

Miscellaneous accounts receivable

56

  

79

 

Inventories

488

  

483

 

Current regulatory assets

74

  

134

 

Other current assets

106

  

63

 

Total current assets

1,495

  

1,533

 

Property, Plant, and Equipment, Net

23,894

  

22,810

 

Investments and Other Assets:

   

Nuclear decommissioning trust fund

798

  

684

 

Goodwill

411

  

411

 

Regulatory assets

1,168

  

1,127

 

Other assets

780

  

650

 

Total investments and other assets

3,157

  

2,872

 

TOTAL ASSETS

$

28,546

  

$

27,215

 

LIABILITIES AND EQUITY

   

Current Liabilities:

   

Current maturities of long-term debt

$

336

  

$

580

 

Short-term debt

544

  

597

 

Accounts and wages payable

598

  

817

 

Taxes accrued

164

  

53

 

Current regulatory liabilities

121

  

149

 

Other current liabilities

522

  

491

 

Total current liabilities

2,285

  

2,687

 

Long-term Debt, Net

8,651

  

7,859

 

Deferred Credits and Other Liabilities:

   

Accumulated deferred income taxes and investment tax credits, net

2,902

  

2,666

 

Regulatory liabilities

4,845

  

4,637

 

Asset retirement obligations

671

  

627

 

Pension and other postretirement benefits

522

  

558

 

Other deferred credits and liabilities

466

  

408

 

Total deferred credits and other liabilities

9,406

  

8,896

 

Ameren Corporation Shareholders' Equity:

   

Common stock

2

  

2

 

Other paid-in capital, principally premium on common stock

5,673

  

5,627

 

Retained earnings

2,408

  

2,024

 

Accumulated other comprehensive loss

(21)

  

(22)

 

Total Ameren Corporation shareholders' equity

8,062

  

7,631

 

Noncontrolling Interests

142

  

142

 

Total equity

8,204

  

7,773

 

TOTAL LIABILITIES AND EQUITY

$

28,546

  

$

27,215

 

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

 
 

Nine Months Ended
September 30,

 

2019

 

2018

Cash Flows From Operating Activities:

   

Net income

$

739

  

$

752

 

Adjustments to reconcile net income to net cash provided by operating activities:

   

Depreciation and amortization

745

  

699

 

Amortization of nuclear fuel

56

  

71

 

Amortization of debt issuance costs and premium/discounts

14

  

16

 

Deferred income taxes and investment tax credits, net

144

  

212

 

Allowance for equity funds used during construction

(20)

  

(25)

 

Stock-based compensation costs

15

  

15

 

Other

(11)

  

21

 

Changes in assets and liabilities

(14)

  

(75)

 

Net cash provided by operating activities

1,668

  

1,686

 

Cash Flows From Investing Activities:

   

Capital expenditures

(1,761)

  

(1,689)

 

Nuclear fuel expenditures

(26)

  

(30)

 

Purchases of securities – nuclear decommissioning trust fund

(192)

  

(172)

 

Sales and maturities of securities – nuclear decommissioning trust fund

184

  

159

 

Purchase of bonds

(207)

  

 

Proceeds from sale of remarketed bonds

207

  

 

Other

(3)

  

13

 

Net cash used in investing activities

(1,798)

  

(1,719)

 

Cash Flows From Financing Activities:

   

Dividends on common stock

(350)

  

(334)

 

Dividends paid to noncontrolling interest holders

(5)

  

(5)

 

Short-term debt, net

(53)

  

36

 

Maturities of long-term debt

(329)

  

(522)

 

Issuances of long-term debt

900

  

853

 

Issuances of common stock

54

  

56

 

Employee payroll taxes related to stock-based compensation

(29)

  

(19)

 

Debt issuance costs

(10)

  

(9)

 

Other

  

1

 

Net cash provided by financing activities

178

  

57

 

Net change in cash, cash equivalents, and restricted cash

48

  

24

 

Cash, cash equivalents, and restricted cash at beginning of year

107

  

68

 

Cash, cash equivalents, and restricted cash at end of period

$

155

  

$

92

 

AMEREN CORPORATION (AEE)

OPERATING STATISTICS

 
 

Three Months Ended

 

Nine Months Ended

 

September 30,

 

September 30,

 

2019

 

2018

 

2019

 

2018

Electric Sales - kilowatthours (in millions):

       

Ameren Missouri

       

Residential

3,833

  

3,875

  

10,359

  

11,001

 

Commercial

4,022

  

4,100

  

10,997

  

11,352

 

Industrial

1,167

  

1,211

  

3,259

  

3,401

 

Street lighting and public authority

23

  

24

  

72

  

78

 

Ameren Missouri retail load subtotal

9,045

  

9,210

  

24,687

  

25,832

 

Off-system

1,275

  

2,413

  

3,830

  

7,278

 

Ameren Missouri total

10,320

  

11,623

  

28,517

  

33,110

 

Ameren Illinois Electric Distribution

       

Residential

3,486

  

3,453

  

9,000

  

9,383

 

Commercial

3,426

  

3,454

  

9,302

  

9,568

 

Industrial

3,034

  

3,035

  

8,799

  

8,770

 

Street lighting and public authority

124

  

129

  

377

  

388

 

Ameren Illinois Electric Distribution total

10,070

  

10,071

  

27,478

  

28,109

 

Eliminate affiliate sales

(35)

  

(126)

  

(84)

  

(288)

 

Ameren Total

20,355

  

21,568

  

55,911

  

60,931

 

Electric Revenues (in millions):

       

Ameren Missouri

       

Residential

$

489

  

$

508

  

$

1,134

  

$

1,272

 

Commercial

394

  

417

  

943

  

1,033

 

Industrial

94

  

101

  

226

  

249

 

Other, including street lighting and public authority

32

  

13

  

102

  

25

 

Ameren Missouri retail load subtotal

$

1,009

  

$

1,039

  

$

2,405

  

$

2,579

 

Off-system

31

  

72

  

112

  

203

 

Ameren Missouri total

$

1,040

  

$

1,111

  

$

2,517

  

$

2,782

 

Ameren Illinois Electric Distribution

       

Residential

$

224

  

$

223

  

$

640

  

$

663

 

Commercial

123

  

131

  

370

  

381

 

Industrial

27

  

28

  

94

  

96

 

Other, including street lighting and public authority

15

  

10

  

31

  

39

 

Ameren Illinois Electric Distribution total

$

389

  

$

392

  

$

1,135

  

$

1,179

 

Ameren Transmission

       

Ameren Illinois Transmission(a)

$

81

  

$

71

  

$

217

  

$

195

 

       ATXI

47

  

42

  

134

  

125

 

Ameren Transmission total

$

128

  

$

113

  

$

351

  

$

320

 

Other and intersegment eliminations(a)

(29)

  

(26)

  

(75)

  

(72)

 

Ameren Total

$

1,528

  

$

1,590

  

$

3,928

  

$

4,209

 
  

(a)

Includes $18 million, $15 million, $47 million and $41 million, respectively, of electric operating revenues from transmission services provided to the Ameren Illinois Electric Distribution segment.

AMEREN CORPORATION (AEE)

OPERATING STATISTICS

 
 

Three Months Ended

 

Nine Months Ended

 

September 30,

 

September 30,

 

2019

 

2018

 

2019

 

2018

Gas Sales - dekatherms (in millions):

       

Ameren Missouri

3

  

3

  

15

  

15

 

Ameren Illinois Natural Gas

25

  

25

  

128

  

127

 

Ameren Total

28

  

28

  

143

  

142

 

Gas Revenues (in millions):

      

Ameren Missouri

$

19

  

$

18

  

$

98

  

$

94

 

Ameren Illinois Natural Gas

112

  

116

  

568

  

569

 

Ameren Total

$

131

  

$

134

  

$

666

  

$

663

 
   

September 30,

   

December 31,

   

2019

   

2018

Common Stock:

       

Shares outstanding (in millions)

  

246.0

    

244.5

 

Book value per share

  

$

32.77

    

$

31.21

 
 

This article originally ran on curated.tncontentexchange.com.

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