- Second Quarter Diluted Earnings Per Share were $0.90 in 2023 vs. $0.80 in 2022
- Guidance Range for 2023 Reaffirmed at $4.25 to $4.45 per
Diluted Share
ST.
LOUIS, Aug. 2,
2023 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) today
announced second quarter 2023 net income attributable to common
shareholders of $237 million, or
$0.90 per diluted share, compared to
second quarter 2022 net income attributable to common shareholders
of $207 million, or $0.80 per diluted share.
Second quarter 2023 results reflected earnings on increased
infrastructure investments made across all business segments driven
by strong execution of the company's strategy. Earnings were
positively impacted by lower Ameren Missouri and Ameren
Illinois Natural Gas operations and maintenance expenses. Ameren
Illinois Electric Distribution earnings increased as a result of a
higher allowed return on equity (ROE) due to a higher projected
average annual 30-year U.S. Treasury bond yield in 2023. These
factors were partially offset by lower electric retail sales at
Ameren Missouri, primarily driven by normal temperatures in the
second quarter of 2023 compared to warmer early summer temperatures
in the year-ago period.
"Execution on all elements of our strategy, including
significant investments in infrastructure in each of our business
segments, continues to drive value for our customers," said
Martin J. Lyons, Jr., president and
chief executive officer of Ameren Corporation. "We remain on track
to deliver within our 2023 earnings per share guidance range of
$4.25 to $4.45."
"We are focused on our long-term sustainability value
proposition for the benefit of all stakeholders. This includes
delivering safe, reliable and affordable electric and natural gas
services to our customers while executing a growth strategy tied to
a responsible clean energy transition," added Lyons. "Our recently
announced plans to add 550 megawatts of solar power will benefit
the customers and communities we serve."
Ameren recorded net income attributable to common shareholders
for the six months ended June 30,
2023, of $501 million, or
$1.90 per diluted share, compared to
net income attributable to common shareholders for the six months
ended June 30, 2022, of $459 million, or $1.77 per diluted share.
The increase in year-over-year six month earnings reflected
increased infrastructure investments made across all business
segments. Earnings were positively impacted by lower Ameren
Missouri and Ameren Illinois Natural Gas operations and
maintenance expenses, which included the effect of market returns
on COLI investments. Ameren Illinois Electric Distribution earnings
increased as a result of a higher allowed ROE due to a higher
projected average annual 30-year U.S. Treasury bond yield in 2023.
Ameren Parent earnings benefited from lower tax expense due, in
part, to COLI. These factors were partially offset by lower Ameren
Missouri electric retail sales primarily driven by weather.
Finally, earnings reflected increased interest expense at Ameren
Missouri and Ameren Parent.
Earnings Guidance
Today, Ameren reaffirmed its 2023 earnings guidance range of
$4.25 to $4.45 per diluted share. Earnings guidance for
2023 assumes normal temperatures for the last six months of the
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 and capital 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 second quarter 2023 earnings were $102 million, compared to second quarter 2022
earnings of $100 million. The
year-over-year improvement reflected earnings on increased
infrastructure investments and lower operations and maintenance
expenses, which included the effect of market returns on COLI
investments and the recovery of previously expensed items approved
as part of the June 2023 electric
rate order. These factors were mostly offset by lower electric
retail sales, primarily driven by normal temperatures in the second
quarter of 2023 compared to warmer early summer temperatures in the
year-ago period.
Ameren Illinois Electric Distribution Segment Results
Ameren Illinois Electric Distribution second quarter 2023
earnings were $66 million, compared
to second quarter 2022 earnings of $51
million. The year-over-year improvement reflected earnings
on increased infrastructure investments and a higher allowed ROE
based on a higher projected average annual 30-year U.S. Treasury
bond yield in 2023.
Ameren Illinois Natural Gas Segment Results
Ameren Illinois Natural Gas second quarter 2023 earnings were
$11 million, compared to second
quarter 2022 earnings of $6 million.
The year-over-year improvement reflected earnings on increased
infrastructure investments and lower operations and maintenance
expenses, which included the effect of market returns on COLI
investments.
Ameren Transmission Segment Results
Ameren Transmission second quarter 2023 earnings were
$72 million, compared to second
quarter 2022 earnings of $63 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 second quarter of 2023 reflected a
loss of $14 million, compared to a
second quarter 2022 loss of $13
million. The year-over-year comparison reflected increased
interest expense, primarily due to higher short-term debt rates,
mostly offset by lower tax expense due, in part, to COLI.
Analyst Conference Call
Ameren will conduct a conference call for financial analysts at
9 a.m. Central Time on Thursday, Aug.
3, to discuss 2023 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 "Ameren Corporation Q2 2023 Earnings," where an
accompanying slide presentation will also be available. The
conference call and presentation will be archived 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 in
the Midcontinent Independent System Operator, Inc. 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, 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, 2022, 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 the impact of a final ruling to be issued by
the United States District Court
for the Eastern District of Missouri regarding its September 2019 remedy order for the Rush Island
Energy Center, the Missouri Public Service Commission (MoPSC) staff
review of the planned Rush Island Energy Center retirement, Ameren
Missouri's proposed customer energy-efficiency plan under the
Missouri Energy Efficiency Investment Act (MEEIA) filed with the
MoPSC in March 2023, Ameren Illinois'
Multi-Year Rate Plan (MYRP) electric distribution service
regulatory rate review filed in January
2023 with the Illinois Commerce Commission (ICC), Ameren
Illinois' natural gas regulatory rate review filed in January 2023 with the ICC, Ameren Illinois'
electric distribution service revenue requirement reconciliation
adjustment request filed with the ICC in April 2023, 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), 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
our services for our customers;
- the effect of Ameren Illinois' use of the performance-based
formula ratemaking framework for its electric distribution service
under the Illinois Energy Infrastructure Modernization Act (IEIMA),
which established and allows for a reconciliation of electric
distribution service rates through 2023, 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 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 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 (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 combined cycle energy
centers, 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 margins 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 (CCNs) from the MoPSC or any other required approvals for
the addition of renewable resources;
- 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 (RTO) at an acceptable cost for each facility;
- the success 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, 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 (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, if any, to the tax positions we have taken 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 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 from the one Nuclear Regulatory Commission-licensed
supplier of Ameren Missouri's Callaway Energy Center
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, 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 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;
- 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 phenomena 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, including within the MISO, 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, carbon dioxide, nitrogen oxide 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/or governance
practices;
- the impact of adopting new accounting guidance;
- the effects of strategic initiatives, including mergers,
acquisitions, and divestitures;
- legal and administrative proceedings;
- pandemics or other health events, and their impacts on our
results of operations, financial position, and liquidity; and
- the impacts of the Russian invasion of Ukraine, related sanctions imposed by the U.S.
and other governments, and any broadening of the conflict,
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, 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
June 30,
|
|
Six Months Ended June 30,
|
|
2023
|
|
2022
|
|
2023
|
|
2022
|
Operating Revenues:
|
|
|
|
|
|
|
|
Electric
|
$
1,585
|
|
$
1,513
|
|
$
3,175
|
|
$
2,831
|
Natural gas
|
175
|
|
213
|
|
647
|
|
774
|
Total operating
revenues
|
1,760
|
|
1,726
|
|
3,822
|
|
3,605
|
Operating Expenses:
|
|
|
|
|
|
|
|
Fuel
|
152
|
|
83
|
|
265
|
|
259
|
Purchased
power
|
328
|
|
318
|
|
823
|
|
495
|
Natural gas purchased
for resale
|
42
|
|
80
|
|
250
|
|
373
|
Other operations and
maintenance
|
450
|
|
491
|
|
898
|
|
952
|
Depreciation and
amortization
|
335
|
|
316
|
|
655
|
|
615
|
Taxes other than
income taxes
|
124
|
|
129
|
|
251
|
|
271
|
Total operating
expenses
|
1,431
|
|
1,417
|
|
3,142
|
|
2,965
|
Operating Income
|
329
|
|
309
|
|
680
|
|
640
|
Other Income, Net
|
82
|
|
62
|
|
160
|
|
122
|
Interest Charges
|
134
|
|
126
|
|
261
|
|
230
|
Income Before Income Taxes
|
277
|
|
245
|
|
579
|
|
532
|
Income Taxes
|
38
|
|
36
|
|
75
|
|
70
|
Net Income
|
239
|
|
209
|
|
504
|
|
462
|
Less: Net Income Attributable to Noncontrolling
Interests
|
2
|
|
2
|
|
3
|
|
3
|
Net Income Attributable to Ameren Common
Shareholders
|
$
237
|
|
$
207
|
|
$
501
|
|
$
459
|
|
|
|
|
|
|
|
|
Earnings per Common Share –
Basic
|
$
0.90
|
|
$
0.80
|
|
$
1.91
|
|
$
1.78
|
|
|
|
|
|
|
|
|
Earnings per Common Share –
Diluted
|
$
0.90
|
|
$
0.80
|
|
$
1.90
|
|
$
1.77
|
|
|
|
|
|
|
|
|
Weighted-average Common Shares Outstanding –
Basic
|
262.6
|
|
258.2
|
|
262.4
|
|
258.0
|
Weighted-average Common Shares Outstanding –
Diluted
|
263.2
|
|
259.4
|
|
263.2
|
|
259.2
|
AMEREN CORPORATION
(AEE)
CONSOLIDATED BALANCE
SHEET
(Unaudited, in
millions)
|
|
June 30,
2023
|
|
December 31,
2022
|
ASSETS
|
|
|
|
Current Assets:
|
|
|
|
Cash and cash
equivalents
|
$
7
|
|
$
10
|
Accounts receivable -
trade (less allowance for doubtful accounts)
|
482
|
|
600
|
Unbilled
revenue
|
378
|
|
446
|
Miscellaneous accounts
receivable
|
63
|
|
54
|
Inventories
|
711
|
|
667
|
Current regulatory
assets
|
239
|
|
354
|
Investment in
industrial development revenue bonds
|
—
|
|
240
|
Current collateral
assets
|
20
|
|
142
|
Other current
assets
|
119
|
|
155
|
Total current
assets
|
2,019
|
|
2,668
|
Property, Plant, and Equipment,
Net
|
32,351
|
|
31,262
|
Investments and Other Assets:
|
|
|
|
Nuclear
decommissioning trust fund
|
1,075
|
|
958
|
Goodwill
|
411
|
|
411
|
Regulatory
assets
|
1,790
|
|
1,426
|
Pension and other
postretirement benefits
|
442
|
|
411
|
Other
assets
|
859
|
|
768
|
Total investments and
other assets
|
4,577
|
|
3,974
|
TOTAL ASSETS
|
$
38,947
|
|
$
37,904
|
LIABILITIES AND EQUITY
|
|
|
|
Current Liabilities:
|
|
|
|
Current maturities of
long-term debt
|
$
350
|
|
$
340
|
Short-term
debt
|
1,329
|
|
1,070
|
Accounts and wages
payable
|
719
|
|
1,159
|
Other current
liabilities
|
845
|
|
797
|
Total current
liabilities
|
3,243
|
|
3,366
|
Long-term Debt, Net
|
14,328
|
|
13,685
|
Deferred Credits and Other
Liabilities:
|
|
|
|
Accumulated deferred
income taxes and tax credits, net
|
3,913
|
|
3,804
|
Regulatory
liabilities
|
5,445
|
|
5,309
|
Asset retirement
obligations
|
775
|
|
763
|
Other deferred credits
and liabilities
|
417
|
|
340
|
Total deferred credits
and other liabilities
|
10,550
|
|
10,216
|
Shareholders' Equity:
|
|
|
|
Common
stock
|
3
|
|
3
|
Other paid-in capital,
principally premium on common stock
|
6,880
|
|
6,860
|
Retained
earnings
|
3,817
|
|
3,646
|
Accumulated other
comprehensive loss
|
(3)
|
|
(1)
|
Total shareholders'
equity
|
10,697
|
|
10,508
|
Noncontrolling Interests
|
129
|
|
129
|
Total
equity
|
10,826
|
|
10,637
|
TOTAL LIABILITIES AND EQUITY
|
$
38,947
|
|
$
37,904
|
AMEREN CORPORATION
(AEE)
CONDENSED
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in
millions)
|
|
Six Months Ended June 30,
|
|
2023
|
|
2022
|
Cash Flows From Operating
Activities:
|
|
|
|
Net income
|
$
504
|
|
$
462
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
Depreciation and
amortization
|
703
|
|
665
|
Amortization of
nuclear fuel
|
36
|
|
28
|
Amortization of debt
issuance costs and premium/discounts
|
8
|
|
12
|
Deferred income taxes
and investment tax credits, net
|
66
|
|
66
|
Allowance for equity
funds used during construction
|
(23)
|
|
(19)
|
Stock-based
compensation costs
|
14
|
|
12
|
Other
|
(19)
|
|
33
|
Changes in assets and
liabilities
|
(178)
|
|
(387)
|
Net cash provided by operating
activities
|
1,111
|
|
872
|
Cash Flows From Investing
Activities:
|
|
|
|
Capital
expenditures
|
(1,822)
|
|
(1,538)
|
Nuclear fuel
expenditures
|
(50)
|
|
(22)
|
Purchases of
securities – nuclear decommissioning trust fund
|
(81)
|
|
(122)
|
Sales and maturities
of securities – nuclear decommissioning trust fund
|
65
|
|
114
|
Other
|
(1)
|
|
16
|
Net cash used in investing
activities
|
(1,889)
|
|
(1,552)
|
Cash Flows From Financing
Activities:
|
|
|
|
Dividends on common
stock
|
(330)
|
|
(305)
|
Dividends paid to
noncontrolling interest holders
|
(3)
|
|
(3)
|
Short-term debt,
net
|
260
|
|
475
|
Maturities of
long-term debt
|
(100)
|
|
—
|
Issuances of long-term
debt
|
997
|
|
524
|
Issuances of common
stock
|
16
|
|
17
|
Employee payroll taxes
related to stock-based compensation
|
(20)
|
|
(16)
|
Debt issuance
costs
|
(9)
|
|
(6)
|
Other
|
(3)
|
|
—
|
Net cash provided by financing
activities
|
808
|
|
686
|
Net change in cash, cash equivalents, and restricted
cash
|
30
|
|
6
|
Cash, cash equivalents, and restricted cash at
beginning of year
|
216
|
|
155
|
Cash, cash equivalents, and restricted cash at end of
period
|
$
246
|
|
$
161
|
AMEREN CORPORATION
(AEE)
OPERATING
STATISTICS
|
|
Three Months Ended
|
|
Six Months Ended
|
|
June 30,
|
|
June 30,
|
|
2023
|
|
2022
|
|
2023
|
|
2022
|
Electric Sales - kilowatthours (in
millions):
|
|
|
|
|
|
|
|
Ameren Missouri
|
|
|
|
|
|
|
|
Residential
|
2,838
|
|
3,055
|
|
6,251
|
|
6,908
|
Commercial
|
3,302
|
|
3,381
|
|
6,504
|
|
6,748
|
Industrial
|
1,003
|
|
1,037
|
|
1,939
|
|
2,011
|
Street lighting and
public authority
|
15
|
|
16
|
|
35
|
|
37
|
Ameren Missouri retail
load subtotal
|
7,158
|
|
7,489
|
|
14,729
|
|
15,704
|
Off-system
|
1,217
|
|
1,660
|
|
2,271
|
|
4,569
|
Ameren Missouri
total
|
8,375
|
|
9,149
|
|
17,000
|
|
20,273
|
Ameren Illinois Electric
Distribution
|
|
|
|
|
|
|
|
Residential
|
2,367
|
|
2,713
|
|
5,063
|
|
5,828
|
Commercial
|
2,744
|
|
2,844
|
|
5,570
|
|
5,706
|
Industrial
|
2,668
|
|
2,756
|
|
5,279
|
|
5,423
|
Street lighting and
public authority
|
92
|
|
99
|
|
199
|
|
213
|
Ameren Illinois
Electric Distribution total
|
7,871
|
|
8,412
|
|
16,111
|
|
17,170
|
Eliminate affiliate
sales
|
—
|
|
(18)
|
|
—
|
|
(94)
|
Ameren
Total
|
16,246
|
|
17,543
|
|
33,111
|
|
37,349
|
Electric Revenues (in
millions):
|
|
|
|
|
|
|
|
Ameren Missouri
|
|
|
|
|
|
|
|
Residential
|
$
360
|
|
$
371
|
|
$
684
|
|
$
703
|
Commercial
|
311
|
|
298
|
|
558
|
|
538
|
Industrial
|
75
|
|
73
|
|
136
|
|
130
|
Other, including
street lighting and public authority
|
27
|
|
46
|
|
57
|
|
79
|
Ameren Missouri retail
load subtotal
|
$
773
|
|
$
788
|
|
$
1,435
|
|
$
1,450
|
Off-system sales and
capacity
|
145
|
|
102
|
|
324
|
|
178
|
Ameren Missouri
total
|
$
918
|
|
$
890
|
|
$
1,759
|
|
$
1,628
|
Ameren Illinois Electric
Distribution
|
|
|
|
|
|
|
|
Residential
|
$
337
|
|
$
284
|
|
$
719
|
|
$
547
|
Commercial
|
193
|
|
180
|
|
393
|
|
338
|
Industrial
|
48
|
|
53
|
|
96
|
|
98
|
Other, including
street lighting and public authority
|
(38)
|
|
(13)
|
|
(44)
|
|
(14)
|
Ameren Illinois
Electric Distribution total
|
$
540
|
|
$
504
|
|
$
1,164
|
|
$
969
|
Ameren Transmission
|
|
|
|
|
|
|
|
Ameren Illinois
Transmission(a)
|
$
113
|
|
$
105
|
|
$
227
|
|
$
203
|
ATXI
|
48
|
|
45
|
|
97
|
|
93
|
Ameren Transmission
total
|
$
161
|
|
$
150
|
|
$
324
|
|
$
296
|
Other and intersegment
eliminations(a)
|
(34)
|
|
(31)
|
|
(72)
|
|
(62)
|
Ameren
Total
|
$
1,585
|
|
$
1,513
|
|
$
3,175
|
|
$
2,831
|
|
|
(a)
|
Includes $26 million,
$24 million, $54 million, and $44 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
|
|
Six Months Ended
|
|
June 30,
|
|
June 30,
|
|
2023
|
|
2022
|
|
2023
|
|
2022
|
Gas Sales - dekatherms (in
millions):
|
|
|
|
|
|
|
|
Ameren
Missouri
|
3
|
|
4
|
|
11
|
|
13
|
Ameren Illinois
Natural Gas
|
30
|
|
31
|
|
90
|
|
102
|
Ameren
Total
|
33
|
|
35
|
|
101
|
|
115
|
Gas Revenues (in millions):
|
|
|
|
|
|
|
Ameren
Missouri
|
$
23
|
|
$
29
|
|
$
105
|
|
$
109
|
Ameren Illinois
Natural Gas
|
152
|
|
184
|
|
543
|
|
665
|
Eliminate affiliate
revenues
|
—
|
|
—
|
|
(1)
|
|
—
|
Ameren
Total
|
$
175
|
|
$
213
|
|
$
647
|
|
$
774
|
|
|
|
June 30,
|
|
|
|
December 31,
|
|
|
|
2023
|
|
|
|
2022
|
Common Stock:
|
|
|
|
|
|
|
|
Shares outstanding (in
millions)
|
|
|
262.7
|
|
|
|
262.0
|
Book value per
share
|
|
|
$
40.72
|
|
|
|
$
40.11
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ameren-announces-second-quarter-2023-results-301892042.html
SOURCE Ameren Corporation