- Third Quarter Diluted Earnings Per Share were $1.74 in 2022 vs. $1.65 in 2021
- Guidance Range for 2022 Narrowed to $4.00 to $4.15 per
Diluted Share from $3.95 to
$4.15
ST.
LOUIS, Nov. 3, 2022 /PRNewswire/ -- Ameren
Corporation (NYSE: AEE) today announced third quarter 2022 net
income attributable to common shareholders of $452 million, or $1.74 per diluted share, compared to third
quarter 2021 net income attributable to common shareholders of
$425 million, or $1.65 per diluted share.
![Ameren Logo (PRNewsfoto/Ameren Corporation) Ameren Logo (PRNewsfoto/Ameren Corporation)](https://mma.prnewswire.com/media/1420453/Ameren_Logo.jpg)
Third quarter 2022 results reflected earnings on increased
infrastructure investments made across all business segments driven
by strong execution of the company's strategy. Year-over-year
quarterly earnings comparisons were positively impacted by new
Ameren Missouri electric service rates effective Feb. 28, 2022. They were also favorably impacted
by a higher allowed return on equity at Ameren Illinois Electric
Distribution due to a higher projected average annual 30-year U.S.
Treasury bond yield in 2022. These favorable factors were partially
offset by increased interest expense, primarily due to increased
long-term debt outstanding at Ameren Missouri and Ameren Parent, as
well as a higher effective tax rate at Ameren Parent, primarily
driven by company-owned life insurance (COLI) investment
performance in 2022.
"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. "Due to strong
execution of our strategy, we are narrowing our 2022 earnings per
share guidance range to $4.00 to
$4.15."
Ameren recorded net income attributable to common shareholders
for the nine months ended September 30,
2022, of $911 million, or
$3.51 per diluted share, compared to
net income attributable to common shareholders for the nine months
ended September 30, 2021, of
$865 million, or $3.36 per diluted share.
The increase in year-over-year nine month earnings reflected
increased infrastructure investments made across all business
segments driven by strong execution of the company's strategy.
Results improved at Ameren Missouri due to new electric service
rates effective Feb. 28, 2022, and
higher weather-driven electric retail sales. Earnings also
benefited from a higher allowed return on equity at Ameren Illinois
Electric Distribution due to a higher projected average annual
30-year U.S. Treasury bond yield in 2022. Ameren Illinois Natural
Gas earnings increased due to higher delivery service rates
effective in late January 2021.
Earnings at Ameren Transmission were also positively impacted by
the absence of the March 2021 FERC
order addressing the historical recovery of materials and supplies
inventories. These positive factors were partially offset by higher
operations and maintenance expenses at Ameren Missouri and Ameren
Illinois Natural Gas driven, in part, by unfavorable market returns
in 2022 on COLI investments compared to favorable market returns in
the year-ago period, in addition to an increase in energy
center-related costs and the absence in 2022 of a deferral of
incurred COVID-19 costs to a regulatory asset at Ameren Missouri.
Finally, the earnings comparison also reflected a higher effective
tax rate at Ameren Parent, primarily driven by COLI investment
performance, as well as increased interest expense, primarily due
to increased long-term debt outstanding at Ameren Missouri and
Ameren Parent.
Earnings Guidance
Today, Ameren narrowed its 2022 earnings guidance range to
$4.00 to $4.15 per diluted share compared to the prior
range of $3.95 to $4.15 per diluted share. Earnings guidance for
2022 assumes normal temperatures for the last three months of the
year and is subject to the effects of, among other things: the
impact of COVID-19; 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 third quarter 2022 earnings were $397 million, compared to third quarter 2021
earnings of $375 million. The
year-over-year improvement reflected new electric service rates
effective Feb. 28, 2022 and higher
electric retail sales. These factors were partially offset by an
increase in operations and maintenance expenses driven, in part, by
unfavorable market returns on COLI investments in 2022, as well as
increased interest expense, primarily due to increased long-term
debt outstanding.
Ameren Illinois Electric Distribution Segment Results
Ameren Illinois Electric Distribution third quarter 2022
earnings were $51 million, compared
to third quarter 2021 earnings of $36
million. The year-over-year improvement reflected earnings
on increased infrastructure investments and a higher allowed return
on equity based on a higher projected average annual 30-year U.S.
Treasury bond yield in 2022.
Ameren Transmission Segment Results
Ameren Transmission third quarter 2022 earnings were
$78 million, compared to third
quarter 2021 earnings of $73 million.
The year-over-year improvement reflected earnings on increased
infrastructure investments.
Ameren Illinois Natural Gas Segment Results
Ameren Illinois Natural Gas third quarter 2022 earnings
reflected a loss of $4 million,
compared to a third quarter 2021 loss of $8
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 2022 reflected a
loss of $70 million, compared to a
third quarter 2021 loss of $51
million. The year-over-year comparison reflected a higher
effective tax rate, primarily driven by COLI investment
performance, as well as increased interest expense, primarily due
to increased long-term debt outstanding.
Analyst Conference Call
Ameren will conduct a conference call for financial analysts at
9 a.m. Central Time on Friday, Nov.
4, to discuss 2022 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 Q3 2022 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, 2021, 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 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 electric service
regulatory rate review filed in August
2022 with the MoPSC, the August
2022 United States Court of Appeals for the District of
Columbia Circuit ruling that vacated FERC's Midcontinent
Independent System Operator (MISO)
ROE-determining orders and remanded the proceedings to the
FERC, the July 2020 appeal filed by
Ameren Missouri, Ameren Illinois, and ATXI challenging the FERC's
rehearing denials in the transmission formula rate revision cases,
Ameren Illinois' electric distribution service rate reconciliation
request filed with the Illinois Commerce Commission (ICC) in
April 2022, and Ameren Illinois'
annual electric energy-efficiency formula rate update filed with
the ICC in June 2022;
- the length and severity of the COVID-19 pandemic, and its
impacts on our business continuity plans and our results of
operations, financial position, and liquidity, including but not
limited to changes in customer demand resulting in changes to sales
volumes; customers' payment for our services; the health, welfare,
and availability of our workforce and contractors; supplier
disruptions; delays in the completion of construction projects,
which could impact our expected capital expenditures and rate base
growth; changes in how we operate our business; and our ability to
access the capital markets on reasonable terms and when
needed;
- 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 will establish and allow 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 either
utilize traditional regulatory rate reviews or multi-year rate
plans for electric distribution service ratemaking effective for
rates beginning in 2024;
- the effect on Ameren Missouri of any customer rate caps or
limitations to increases to the electric service revenue
requirement pursuant to Ameren Missouri's election to use the
PISA;
- 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 as a result of the IRA as well as additional
regulations, interpretations, amendments, or technical corrections
to or in connection with the Inflation Reduction Act (IRA), and
challenges to the tax positions we have taken, if any, as well as
resulting effects on customer rates;
- 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 effectiveness of Ameren Missouri's customer
energy-efficiency programs and the related revenues and performance
incentives earned under its Missouri Energy Efficiency Investment
Act (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;
- 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 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, 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 such 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 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, economic, and capital market conditions, including
the impact of such conditions on interest rates, inflation, and
investments;
- disruptions of the capital 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;
- 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, 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;
- 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 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 and carbon dioxide, 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;
- 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 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,
related return, and, in the case of customer energy efficiency
programs, any lost margins in a timely manner, 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;
- 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;
- 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
constructive federal and state energy and economic policies with
respect to those technologies;
- 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, 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;
- 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; 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,
|
|
2022
|
|
2021
|
|
2022
|
|
2021
|
Operating
Revenues:
|
|
|
|
|
|
|
|
Electric
|
$
2,140
|
|
$
1,668
|
|
$
4,971
|
|
$
4,108
|
Natural gas
|
166
|
|
143
|
|
940
|
|
741
|
Total operating
revenues
|
2,306
|
|
1,811
|
|
5,911
|
|
4,849
|
Operating
Expenses:
|
|
|
|
|
|
|
|
Fuel
|
117
|
|
184
|
|
376
|
|
422
|
Purchased
power
|
563
|
|
159
|
|
1,058
|
|
479
|
Natural gas purchased
for resale
|
58
|
|
45
|
|
431
|
|
275
|
Other operations and
maintenance
|
475
|
|
457
|
|
1,427
|
|
1,289
|
Depreciation and
amortization
|
350
|
|
290
|
|
965
|
|
856
|
Taxes other than
income taxes
|
144
|
|
142
|
|
415
|
|
392
|
Total operating
expenses
|
1,707
|
|
1,277
|
|
4,672
|
|
3,713
|
Operating
Income
|
599
|
|
534
|
|
1,239
|
|
1,136
|
Other Income,
Net
|
58
|
|
56
|
|
180
|
|
151
|
Interest
Charges
|
126
|
|
94
|
|
356
|
|
290
|
Income Before
Income Taxes
|
531
|
|
496
|
|
1,063
|
|
997
|
Income
Taxes
|
78
|
|
70
|
|
148
|
|
128
|
Net
Income
|
453
|
|
426
|
|
915
|
|
869
|
Less: Net Income
Attributable to Noncontrolling Interests
|
1
|
|
1
|
|
4
|
|
4
|
Net Income
Attributable to Ameren Common Shareholders
|
$
452
|
|
$
425
|
|
$
911
|
|
$
865
|
|
|
|
|
|
|
|
|
Earnings per Common
Share – Basic
|
$
1.75
|
|
$
1.66
|
|
$
3.53
|
|
$
3.38
|
|
|
|
|
|
|
|
|
Earnings per Common
Share – Diluted
|
$
1.74
|
|
$
1.65
|
|
$
3.51
|
|
$
3.36
|
|
|
|
|
|
|
|
|
Weighted-average
Common Shares Outstanding – Basic
|
258.4
|
|
257.3
|
|
258.2
|
|
255.9
|
Weighted-average
Common Shares Outstanding – Diluted
|
259.5
|
|
258.6
|
|
259.3
|
|
257.2
|
AMEREN CORPORATION
(AEE)
CONSOLIDATED BALANCE
SHEET
(Unaudited, in
millions)
|
|
|
September 30,
2022
|
|
December 31,
2021
|
ASSETS
|
|
|
|
Current
Assets:
|
|
|
|
Cash and cash
equivalents
|
$
7
|
|
$
8
|
Accounts receivable -
trade (less allowance for doubtful accounts)
|
665
|
|
434
|
Unbilled
revenue
|
366
|
|
301
|
Miscellaneous accounts
receivable
|
62
|
|
85
|
Inventories
|
695
|
|
592
|
Current regulatory
assets
|
346
|
|
319
|
Current collateral
assets
|
145
|
|
66
|
Other current
assets
|
232
|
|
163
|
Total current
assets
|
2,518
|
|
1,968
|
Property, Plant, and
Equipment, Net
|
30,608
|
|
29,261
|
Investments and
Other Assets:
|
|
|
|
Nuclear
decommissioning trust fund
|
910
|
|
1,159
|
Goodwill
|
411
|
|
411
|
Regulatory
assets
|
1,405
|
|
1,289
|
Pension and other
postretirement benefits
|
813
|
|
756
|
Other
assets
|
992
|
|
891
|
Total investments and
other assets
|
4,531
|
|
4,506
|
TOTAL
ASSETS
|
$
37,657
|
|
$
35,735
|
LIABILITIES AND
EQUITY
|
|
|
|
Current
Liabilities:
|
|
|
|
Current maturities of
long-term debt
|
$
155
|
|
$
505
|
Short-term
debt
|
1,221
|
|
545
|
Accounts and wages
payable
|
820
|
|
1,095
|
Taxes
accrued
|
216
|
|
74
|
Current regulatory
liabilities
|
179
|
|
113
|
Other current
liabilities
|
584
|
|
494
|
Total current
liabilities
|
3,175
|
|
2,826
|
Long-term Debt,
Net
|
13,577
|
|
12,562
|
Deferred Credits and
Other Liabilities:
|
|
|
|
Accumulated deferred
income taxes and tax credits, net
|
3,785
|
|
3,499
|
Regulatory
liabilities
|
5,658
|
|
5,848
|
Asset retirement
obligations
|
771
|
|
757
|
Other deferred credits
and liabilities
|
361
|
|
414
|
Total deferred credits
and other liabilities
|
10,575
|
|
10,518
|
Shareholders'
Equity:
|
|
|
|
Common
stock
|
3
|
|
3
|
Other paid-in capital,
principally premium on common stock
|
6,548
|
|
6,502
|
Retained
earnings
|
3,636
|
|
3,182
|
Accumulated other
comprehensive income
|
14
|
|
13
|
Total shareholders'
equity
|
10,201
|
|
9,700
|
Noncontrolling
Interests
|
129
|
|
129
|
Total
equity
|
10,330
|
|
9,829
|
TOTAL LIABILITIES
AND EQUITY
|
$
37,657
|
|
$
35,735
|
AMEREN CORPORATION
(AEE)
CONDENSED
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in
millions)
|
|
|
Nine Months
Ended
September 30,
|
|
2022
|
|
2021
|
Cash Flows From
Operating Activities:
|
|
|
|
Net income
|
$
915
|
|
$
869
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
Depreciation and
amortization
|
1,016
|
|
903
|
Amortization of
nuclear fuel
|
46
|
|
37
|
Amortization of debt
issuance costs and premium/discounts
|
17
|
|
17
|
Deferred income taxes
and investment tax credits, net
|
137
|
|
139
|
Allowance for equity
funds used during construction
|
(31)
|
|
(30)
|
Stock-based
compensation costs
|
18
|
|
17
|
Other
|
63
|
|
11
|
Changes in assets and
liabilities
|
(582)
|
|
(771)
|
Net cash provided by
operating activities
|
1,599
|
|
1,192
|
Cash Flows From
Investing Activities:
|
|
|
|
Capital
expenditures
|
(2,437)
|
|
(2,613)
|
Nuclear fuel
expenditures
|
(22)
|
|
(19)
|
Purchases of
securities – nuclear decommissioning trust fund
|
(176)
|
|
(411)
|
Sales and maturities
of securities – nuclear decommissioning trust fund
|
163
|
|
404
|
Other
|
14
|
|
(7)
|
Net cash used in
investing activities
|
(2,458)
|
|
(2,646)
|
Cash Flows From
Financing Activities:
|
|
|
|
Dividends on common
stock
|
(457)
|
|
(423)
|
Dividends paid to
noncontrolling interest holders
|
(4)
|
|
(4)
|
Short-term debt,
net
|
675
|
|
63
|
Maturities of
long-term debt
|
(450)
|
|
—
|
Issuances of long-term
debt
|
1,118
|
|
1,423
|
Issuances of common
stock
|
29
|
|
297
|
Redemptions of Ameren
Illinois preferred stock
|
—
|
|
(13)
|
Employee payroll taxes
related to stock-based compensation
|
(16)
|
|
(17)
|
Debt issuance
costs
|
(11)
|
|
(15)
|
Other
|
—
|
|
(13)
|
Net cash provided by
financing activities
|
884
|
|
1,298
|
Net change in cash,
cash equivalents, and restricted cash
|
25
|
|
(156)
|
Cash, cash
equivalents, and restricted cash at beginning of
year
|
155
|
|
301
|
Cash, cash
equivalents, and restricted cash at end of period
|
$
180
|
|
$
145
|
AMEREN CORPORATION
(AEE)
OPERATING
STATISTICS
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
September 30,
|
|
September 30,
|
|
2022
|
|
2021
|
|
2022
|
|
2021
|
Electric Sales -
kilowatthours (in millions):
|
|
|
|
|
|
|
|
Ameren
Missouri
|
|
|
|
|
|
|
|
Residential
|
3,780
|
|
3,803
|
|
10,688
|
|
10,484
|
Commercial
|
3,803
|
|
3,819
|
|
10,551
|
|
10,413
|
Industrial
|
1,085
|
|
1,121
|
|
3,096
|
|
3,139
|
Street lighting and
public authority
|
17
|
|
18
|
|
54
|
|
58
|
Ameren Missouri retail
load subtotal
|
8,685
|
|
8,761
|
|
24,389
|
|
24,094
|
Off-system
|
1,531
|
|
2,109
|
|
6,100
|
|
4,512
|
Ameren Missouri
total
|
10,216
|
|
10,870
|
|
30,489
|
|
28,606
|
Ameren Illinois
Electric Distribution
|
|
|
|
|
|
|
|
Residential
|
3,270
|
|
3,442
|
|
9,098
|
|
9,052
|
Commercial
|
3,273
|
|
3,327
|
|
8,979
|
|
8,931
|
Industrial
|
2,888
|
|
2,849
|
|
8,311
|
|
8,256
|
Street lighting and
public authority
|
101
|
|
106
|
|
314
|
|
327
|
Ameren Illinois
Electric Distribution total
|
9,532
|
|
9,724
|
|
26,702
|
|
26,566
|
Eliminate affiliate
sales
|
(46)
|
|
(120)
|
|
(140)
|
|
(264)
|
Ameren
Total
|
19,702
|
|
20,474
|
|
57,051
|
|
54,908
|
Electric Revenues
(in millions):
|
|
|
|
|
|
|
|
Ameren
Missouri
|
|
|
|
|
|
|
|
Residential
|
$
564
|
|
$
537
|
|
$
1,267
|
|
$
1,177
|
Commercial
|
430
|
|
412
|
|
968
|
|
899
|
Industrial
|
99
|
|
98
|
|
229
|
|
221
|
Other, including
street lighting and public authority
|
22
|
|
6
|
|
101
|
|
129
|
Ameren Missouri retail
load subtotal
|
$
1,115
|
|
$
1,053
|
|
$
2,565
|
|
$
2,426
|
Off-system
|
223
|
|
60
|
|
401
|
|
117
|
Ameren Missouri
total
|
$
1,338
|
|
$
1,113
|
|
$
2,966
|
|
$
2,543
|
Ameren Illinois
Electric Distribution
|
|
|
|
|
|
|
|
Residential
|
$
407
|
|
$
258
|
|
$
954
|
|
$
705
|
Commercial
|
233
|
|
143
|
|
571
|
|
402
|
Industrial
|
47
|
|
26
|
|
145
|
|
94
|
Other, including
street lighting and public authority
|
(15)
|
|
1
|
|
(29)
|
|
26
|
Ameren Illinois
Electric Distribution total
|
$
672
|
|
$
428
|
|
$
1,641
|
|
$
1,227
|
Ameren
Transmission
|
|
|
|
|
|
|
|
Ameren Illinois
Transmission(a)
|
$
117
|
|
$
108
|
|
$
320
|
|
$
277
|
ATXI
|
53
|
|
52
|
|
146
|
|
149
|
Eliminate affiliate
revenues
|
(1)
|
|
—
|
|
(1)
|
|
—
|
Ameren Transmission
total
|
$
169
|
|
$
160
|
|
$
465
|
|
$
426
|
Other and intersegment
eliminations(a)
|
(39)
|
|
(33)
|
|
(101)
|
|
(88)
|
Ameren
Total
|
$
2,140
|
|
$
1,668
|
|
$
4,971
|
|
$
4,108
|
(a)
|
Includes $31 million,
$18 million, $75 million, and $49 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,
|
|
2022
|
|
2021
|
|
2022
|
|
2021
|
Gas Sales -
dekatherms (in millions):
|
|
|
|
|
|
|
|
Ameren
Missouri
|
2
|
|
2
|
|
15
|
|
15
|
Ameren Illinois
Natural Gas
|
27
|
|
27
|
|
129
|
|
126
|
Ameren
Total
|
29
|
|
29
|
|
144
|
|
141
|
Gas Revenues (in
millions):
|
|
|
|
|
|
|
Ameren
Missouri
|
$
21
|
|
$
16
|
|
$
130
|
|
$
99
|
Ameren Illinois
Natural Gas
|
146
|
|
127
|
|
811
|
|
642
|
Eliminate affiliate
revenues
|
(1)
|
|
—
|
|
(1)
|
|
—
|
Ameren
Total
|
$
166
|
|
$
143
|
|
$
940
|
|
$
741
|
|
|
|
September
30,
|
|
|
|
December
31,
|
|
|
|
2022
|
|
|
|
2021
|
Common
Stock:
|
|
|
|
|
|
|
|
Shares outstanding (in
millions)
|
|
|
258.5
|
|
|
|
257.7
|
Book value per
share
|
|
|
$
39.46
|
|
|
|
$
37.64
|
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SOURCE Ameren Corporation