- First Quarter Diluted Earnings Per Share were $0.97 in 2022 vs. $0.91 in 2021
- Guidance Range for 2022 Affirmed at $3.95 to $4.15 per
Diluted Share
ST.
LOUIS, May 5, 2022 /PRNewswire/ -- Ameren
Corporation (NYSE: AEE) today announced first quarter 2022 net
income attributable to common shareholders of $252 million, or $0.97 per diluted share, compared to first
quarter 2021 net income attributable to common shareholders of
$233 million, or $0.91 per diluted share.
First quarter 2022 results reflected earnings on increased
infrastructure investments made across all business segments driven
by solid execution of the company's strategy. Earnings were
positively impacted by higher Ameren Missouri electric retail
sales, primarily driven by colder-than-normal winter temperatures
in the first quarter of 2022 compared to near-normal winter
temperatures in the year-ago period. Additionally, Ameren
Transmission earnings increased due to the absence of a 2021 FERC
order addressing the historical recovery of materials and supplies
inventory. Earnings were also positively impacted by a higher
allowed return on equity at Ameren Illinois Electric Distribution
due to a higher projected average 30-year U.S. Treasury bond yield
in 2022 compared to 2021. These favorable factors were partially
offset by an increase in operations and maintenance expenses at
Ameren Missouri and Ameren Illinois Natural Gas driven, in part, by
unfavorable market returns in 2022 on company owned life insurance
investments.
"Execution on all elements of our strategy, including
significant investments in energy infrastructure across all of our
business segments, continues to drive significant 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 2022
earnings per share guidance range of $3.95 to $4.15."
"We remain 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 driving a growth strategy tied to a
responsible clean energy transition."
Earnings Guidance
Today, Ameren affirmed its 2022 earnings guidance range of
$3.95 to $4.15 per diluted share. Earnings guidance for
2022 assumes normal temperatures for the last nine months of the
year and is subject to the effects of, among other things: the
impacts 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 first quarter 2022 earnings were $50 million, compared to first quarter 2021
earnings of $47 million. The
year-over-year improvement reflected increased earnings on
investments in infrastructure and wind generation. Earnings were
also positively impacted by higher weather-driven electric retail
sales, primarily driven by colder-than-normal winter temperatures
in the first quarter of 2022 compared to near-normal winter
temperatures in the year-ago period. These factors were partially
offset by higher other operations and maintenance expenses driven,
in part, by unfavorable market returns in 2022 on company owned
life insurance investments.
Ameren Illinois Electric Distribution Segment Results
Ameren Illinois Electric Distribution first quarter 2022
earnings were $49 million, compared
to first quarter 2021 earnings of $46
million. The year-over-year improvement reflected increased
earnings on infrastructure investments and a higher allowed return
on equity based a higher projected average 30-year U.S. Treasury
bond yield in 2022 compared to 2021.
Ameren Illinois Natural Gas Segment Results
Ameren Illinois Natural Gas results for the first quarter of
2022 reflected increased earnings of $80
million, compared to first quarter 2021 earnings of
$75 million. The year-over-year
improvement reflected increased earnings on infrastructure
investments and higher delivery service rates effective late
January 2021, partially offset by
higher other operations and maintenance expenses.
Ameren Transmission Segment Results
Ameren Transmission first quarter 2022 earnings were
$58 million, compared to first
quarter 2021 earnings of $47 million.
The year-over-year improvement reflected increased earnings on
infrastructure investments, as well as the absence of a 2021 FERC
order addressing the historical recovery of materials and supplies
inventories.
Ameren Parent Results (includes items not reported in a business
segment)
Ameren Parent results for the first quarter of 2022 reflected
earnings of $15 million, compared to
first quarter 2021 earnings of $18
million. The year-over-year comparison reflected higher
interest expense primarily due to higher long-term debt
balances.
Analyst Conference Call
Ameren will conduct a conference call for financial analysts at
9 a.m. Central Time on Friday, May 6,
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 "Q1 2022 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 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, the July
2020 appeal filed by Ameren Missouri, Ameren Illinois, and
Ameren Transmission Company of Illinois (ATXI) challenging the refund period
related to the May 2020 Federal
Energy Regulatory Commission (FERC) order determining the allowed
base return on common equity (ROE) under the Midcontinent
Independent System Operator (MISO) tariff, 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, and Ameren Illinois'
electric distribution service rate reconciliation request filed
with the Illinois Commerce Commission (ICC) in April 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 increased data
security risks as a result of remote working arrangements for a
significant portion of our workforce; 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's investment plan and earnings if
an extension to use plant-in-service accounting (PISA) is not sought by Ameren Missouri or
approved by the MoPSC;
- the effect on Ameren Missouri of any customer rate caps
pursuant to Ameren Missouri's election to use the PISA, including an extension of use beyond
2023, if requested by Ameren Missouri and approved by the
MoPSC;
- 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,
regulations, interpretations, or rates, 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 purchased power, zero emission credits,
renewable energy credits, emission allowances, and natural gas for
distribution; 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 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, which have been affected by,
and will be affected by the length and severity of, the COVID-19
pandemic, including the impact of such conditions on interest rates
and inflation;
- 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, including any impacts on our credit ratings that may
result from the economic conditions of the COVID-19 pandemic;
- 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
disruptions in the global supply chain caused by the COVID-19
pandemic;
- 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, 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;
- 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, 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 carbon-free generation and storage
technologies, 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, or other commodities, materials, or
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
March 31,
|
|
2022
|
|
2021
|
Operating
Revenues:
|
|
|
|
Electric
|
$
1,318
|
|
$
1,156
|
Natural gas
|
561
|
|
410
|
Total operating
revenues
|
1,879
|
|
1,566
|
Operating
Expenses:
|
|
|
|
Fuel
|
176
|
|
65
|
Purchased power
|
177
|
|
191
|
Natural gas purchased for resale
|
293
|
|
165
|
Other operations and maintenance
|
461
|
|
420
|
Depreciation and amortization
|
299
|
|
281
|
Taxes other than income taxes
|
142
|
|
128
|
Total operating
expenses
|
1,548
|
|
1,250
|
Operating Income
|
331
|
|
316
|
Other Income,
Net
|
60
|
|
46
|
Interest
Charges
|
104
|
|
100
|
Income Before Income Taxes
|
287
|
|
262
|
Income
Taxes
|
34
|
|
27
|
Net
Income
|
253
|
|
235
|
Less: Net Income Attributable to Noncontrolling
Interests
|
1
|
|
2
|
Net Income
Attributable to Ameren Common Shareholders
|
$
252
|
|
$
233
|
|
|
|
|
Earnings per Common
Share – Basic
|
$
0.98
|
|
$
0.92
|
|
|
|
|
Earnings per Common
Share – Diluted
|
$
0.97
|
|
$
0.91
|
|
|
|
|
Weighted-average
Common Shares Outstanding – Basic
|
257.9
|
|
254.4
|
Weighted-average
Common Shares Outstanding – Diluted
|
259.0
|
|
255.9
|
AMEREN CORPORATION
(AEE)
CONSOLIDATED BALANCE
SHEET
(Unaudited, in
millions)
|
|
|
March 31,
2022
|
|
December 31,
2021
|
ASSETS
|
|
|
|
Current
Assets:
|
|
|
|
Cash and cash equivalents
|
$
7
|
|
$
8
|
Accounts receivable - trade (less allowance for doubtful
accounts)
|
560
|
|
434
|
Unbilled revenue
|
283
|
|
301
|
Miscellaneous accounts receivable
|
87
|
|
85
|
Inventories
|
520
|
|
592
|
Mark-to-market derivative assets
|
137
|
|
66
|
Current regulatory assets
|
244
|
|
319
|
Current collateral assets
|
110
|
|
66
|
Other current assets
|
83
|
|
97
|
Total current assets
|
2,031
|
|
1,968
|
Property, Plant, and
Equipment, Net
|
29,578
|
|
29,261
|
Investments and
Other Assets:
|
|
|
|
Nuclear decommissioning trust fund
|
1,094
|
|
1,159
|
Goodwill
|
411
|
|
411
|
Regulatory assets
|
1,377
|
|
1,289
|
Pension and other postretirement benefits
|
772
|
|
756
|
Other assets
|
934
|
|
891
|
Total investments and other
assets
|
4,588
|
|
4,506
|
TOTAL
ASSETS
|
$
36,197
|
|
$
35,735
|
LIABILITIES AND
EQUITY
|
|
|
|
Current
Liabilities:
|
|
|
|
Current maturities of long-term debt
|
$
505
|
|
$
505
|
Short-term debt
|
1,101
|
|
545
|
Accounts and wages payable
|
690
|
|
1,095
|
Current regulatory liabilities
|
219
|
|
113
|
Other current liabilities
|
630
|
|
568
|
Total current
liabilities
|
3,145
|
|
2,826
|
Long-term Debt,
Net
|
12,563
|
|
12,562
|
Deferred Credits and
Other Liabilities:
|
|
|
|
Accumulated deferred income taxes and tax credits,
net
|
3,550
|
|
3,499
|
Regulatory liabilities
|
5,841
|
|
5,848
|
Asset retirement obligations
|
769
|
|
757
|
Other deferred credits and liabilities
|
394
|
|
414
|
Total deferred credits and
other liabilities
|
10,554
|
|
10,518
|
Shareholders'
Equity:
|
|
|
|
Common stock
|
3
|
|
3
|
Other paid-in capital, principally premium on common
stock
|
6,507
|
|
6,502
|
Retained earnings
|
3,282
|
|
3,182
|
Accumulated other comprehensive income
|
14
|
|
13
|
Total shareholders'
equity
|
9,806
|
|
9,700
|
Noncontrolling
Interests
|
129
|
|
129
|
Total equity
|
9,935
|
|
9,829
|
TOTAL LIABILITIES AND
EQUITY
|
$
36,197
|
|
$
35,735
|
AMEREN CORPORATION
(AEE)
CONDENSED
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in
millions)
|
|
|
Three Months Ended
March 31,
|
|
2022
|
|
2021
|
Cash Flows From
Operating Activities:
|
|
|
|
Net
income
|
$
253
|
|
$
235
|
Adjustments to reconcile net income to net cash provided by
operating activities:
|
|
|
|
Depreciation and
amortization
|
324
|
|
295
|
Amortization of nuclear
fuel
|
22
|
|
—
|
Amortization of debt issuance
costs and premium/discounts
|
4
|
|
5
|
Deferred income taxes and
investment tax credits, net
|
31
|
|
26
|
Allowance for equity funds used
during construction
|
(8)
|
|
(7)
|
Stock-based compensation
costs
|
4
|
|
6
|
Other
|
11
|
|
8
|
Changes in assets and liabilities
|
(253)
|
|
(603)
|
Net cash provided by
(used in) operating activities
|
388
|
|
(35)
|
Cash Flows From
Investing Activities:
|
|
|
|
Capital expenditures
|
(774)
|
|
(887)
|
Nuclear fuel expenditures
|
(16)
|
|
(1)
|
Purchases of securities – nuclear decommissioning trust
fund
|
(97)
|
|
(152)
|
Sales and maturities of securities – nuclear decommissioning
trust fund
|
92
|
|
150
|
Other
|
15
|
|
1
|
Net cash used in
investing activities
|
(780)
|
|
(889)
|
Cash Flows From
Financing Activities:
|
|
|
|
Dividends on common stock
|
(152)
|
|
(140)
|
Dividends paid to noncontrolling interest holders
|
(1)
|
|
(2)
|
Short-term debt, net
|
555
|
|
399
|
Issuances of long-term debt
|
—
|
|
450
|
Issuances of common stock
|
5
|
|
125
|
Redemptions of Ameren Illinois preferred stock
|
—
|
|
(13)
|
Employee payroll taxes related to stock-based
compensation
|
(16)
|
|
(17)
|
Debt issuance costs
|
—
|
|
(3)
|
Other
|
—
|
|
(4)
|
Net cash provided by
financing activities
|
391
|
|
795
|
Net change in cash,
cash equivalents, and restricted cash
|
(1)
|
|
(129)
|
Cash, cash
equivalents, and restricted cash at beginning of
year
|
155
|
|
301
|
Cash, cash
equivalents, and restricted cash at end of period
|
$
154
|
|
$
172
|
AMEREN CORPORATION
(AEE)
OPERATING
STATISTICS
|
|
|
Three Months
Ended
|
|
March 31,
|
|
2022
|
|
2021
|
Electric Sales -
kilowatthours (in millions):
|
|
|
|
Ameren
Missouri
|
|
|
|
Residential
|
3,853
|
|
3,830
|
Commercial
|
3,367
|
|
3,325
|
Industrial
|
974
|
|
974
|
Street lighting and public authority
|
21
|
|
22
|
Ameren Missouri retail load
subtotal
|
8,215
|
|
8,151
|
Off-system
|
2,909
|
|
891
|
Ameren Missouri
total
|
11,124
|
|
9,042
|
Ameren Illinois
Electric Distribution
|
|
|
|
Residential
|
3,115
|
|
3,063
|
Commercial
|
2,862
|
|
2,844
|
Industrial
|
2,667
|
|
2,625
|
Street lighting and public authority
|
114
|
|
122
|
Ameren Illinois Electric
Distribution total
|
8,758
|
|
8,654
|
Eliminate affiliate
sales
|
(76)
|
|
(41)
|
Ameren Total
|
19,806
|
|
17,655
|
Electric Revenues
(in millions):
|
|
|
|
Ameren
Missouri
|
|
|
|
Residential
|
$
332
|
|
$
312
|
Commercial
|
240
|
|
216
|
Industrial
|
57
|
|
52
|
Other, including street lighting and public
authority
|
33
|
|
38
|
Ameren Missouri retail load
subtotal
|
$
662
|
|
$
618
|
Off-system
|
76
|
|
23
|
Ameren Missouri
total
|
$
738
|
|
$
641
|
Ameren Illinois
Electric Distribution
|
|
|
|
Residential
|
$
263
|
|
$
229
|
Commercial
|
158
|
|
132
|
Industrial
|
45
|
|
34
|
Other, including street lighting and public
authority
|
(1)
|
|
16
|
Ameren Illinois Electric
Distribution total
|
$
465
|
|
$
411
|
Ameren
Transmission
|
|
|
|
Ameren Illinois Transmission(a)
|
$
98
|
|
$
81
|
ATXI
|
48
|
|
49
|
Ameren Transmission
total
|
$
146
|
|
$
130
|
Other and intersegment
eliminations(a)
|
(31)
|
|
(26)
|
Ameren Total
|
$
1,318
|
|
$
1,156
|
|
(a) Includes $20
million and $16 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
|
|
March 31,
|
|
2022
|
|
2021
|
Gas Sales -
dekatherms (in millions):
|
|
|
|
Ameren Missouri
|
9
|
|
9
|
Ameren Illinois Natural Gas
|
71
|
|
68
|
Ameren Total
|
80
|
|
77
|
Gas Revenues (in
millions):
|
|
|
Ameren Missouri
|
$
80
|
|
$
63
|
Ameren Illinois Natural Gas
|
481
|
|
347
|
Ameren Total
|
$
561
|
|
$
410
|
|
March 31,
|
|
December
31,
|
|
2022
|
|
2021
|
Common
Stock:
|
|
|
|
Shares outstanding (in millions)
|
258.2
|
|
257.7
|
Book value per share
|
$
37.98
|
|
$
37.64
|
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multimedia:https://www.prnewswire.com/news-releases/ameren-announces-first-quarter-2022-results-301541333.html
SOURCE Ameren Corporation