Summary
Ameren Corp., based in St. Louis, is a utility that serves 2.4 million electric customers and 900,000 natural gas customers through its regulated subsidiaries Ameren Missouri and Ameren Illinois. Customers are located in central and eastern Missouri and southern Illinois. Ameren Missouri provides a vertically integrated electric service, with a generating capacity of 10,800 megawatts. Ameren Illinois provides electricity transmission service as well as natural gas delivery. Ameren Transmission Co. of Illinois develops regional electric transmission projects. AEE also operates a nuclear power plant. In 2023, electricity accounted for approximately 83% of total revenue. Management is committed to expanding electric and gas services and improving infrastructure in the company’s regulated service territories. Ameren has withdrawn from the volatile and unregulated merchant energy sector and has shown little interest in acquiring unregulated assets. The company operates several nuclear generators, but still relies heavily on coal. Of the public service’s production capacity, the energy mix for 2023 is composed of approximately 44% coal, 12% nuclear, 29% natural gas/oil and 15% renewable energy. Management estimate
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