Current Report Filing (8-k)
23 Juni 2022 - 02:17PM
Edgar (US Regulatory)
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0001002910 AEE:UnionElectricCompanyMember 2022-06-22 2022-06-22
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
June 22, 2022
Commission
File Number
|
Exact Name of Registrant as
Specified in Charter;
State of Incorporation;
Address and Telephone
Number
|
|
IRS Employer
Identification Number
|
1-14756
|
Ameren Corporation
(Missouri
Corporation)
1901 Chouteau Avenue
St. Louis,
Missouri
63103
(314)
621-3222
|
|
43-1723446
|
1-2967 |
Union Electric Company
(Missouri
Corporation)
1901 Chouteau Avenue
St. Louis,
Missouri
63103
(314)
621-3222
|
|
43-0559760 |
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the
registrants under any of the following provisions:
¨ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the
Act:
Title of each class
|
|
Trading
Symbol(s)
|
|
Name of each exchange
on which registered
|
Common Stock, $0.01 par value per share
|
|
AEE
|
|
New York Stock Exchange
|
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
|
Emerging Growth Company |
|
Ameren Corporation |
¨ |
|
Union Electric Company |
¨ |
|
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the
Exchange Act.
Ameren Corporation |
¨ |
|
Union Electric Company |
¨ |
|
Co-Registrant
CIK |
0000100826 |
Co-Registrant
Amendment Flag |
false |
Co-Registrant
Form Type |
8-K |
Co-Registrant
DocumentperiodEndDate |
2022-06-22 |
Co-Registrant
Written Commuunications |
false |
Co-Registrant
Solicitating Materials |
false |
Co-Registrant
PreCommencement Tender Offer |
false |
Co-Registrant
Entity PreCommencement Issuer Tender Offer |
false |
ITEM 8.01 Other Events.
On June 22, 2022, Union Electric Company, doing business as Ameren
Missouri ("Ameren Missouri"), filed an update (the "2022 Update")
to its September 2020 non-binding integrated resource plan with the
Missouri Public Service Commission ("MoPSC"). The 2022 Update
reflects certain changes to Ameren Missouri's preferred plan for
meeting customers' projected long-term energy needs in a
responsible fashion that maintains system reliability and customer
affordability. The 2022 Update includes:
|
· |
Adding
a total of 2,800 megawatts ("MW") of renewable generation by 2030
and 4,700 MW by 2040, representing investment opportunities of
approximately $4.3 billion and $7.5 billion,
respectively; |
|
· |
Adding
a total of 400 MW of battery storage by 2035 and 800 MW by 2040,
representing a total investment opportunity of $650
million; |
|
· |
Accelerating the
retirement date of the approximately 1,200 MW Rush Island
coal-fired energy center from 2039 to 2025; |
|
· |
Extending the
retirement date of the approximately 1,000 MW Sioux coal-fired
energy center from 2028 to 2030; |
|
· |
Retiring approximately
500 MW of generation from Ameren Missouri's natural gas-fired
energy centers in Illinois by 2029 and approximately 1,800 MW by
2040; |
|
· |
Adding
1,200 MW of combined cycle generation by 2031, representing an
investment opportunity of $1.7 billion; and |
|
· |
Adding
1,200 MW of unspecified clean, dispatchable resources by
2043. |
Ameren Missouri’s plan could be affected by, among other factors:
the ability to obtain certificates of convenience and necessity
from the MoPSC and any other required approvals for the addition of
renewable or other resources, retirement of energy centers, and new
or continued customer energy-efficiency programs; the ability to
enter into build-transfer agreements for renewable generation and
acquire that generation at a reasonable cost; the ability of
developers to meet contractual commitments and timely complete
projects, which is dependent upon the availability of necessary
labor, materials, and equipment, including those that are affected
by the disruptions in the global supply chain caused by the
COVID-19 pandemic or government actions, among other things;
changes in the scope and timing of projects; 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; changes in environmental regulations, including those
related to carbon dioxide and other greenhouse gas emissions;
energy prices and demand; and Ameren Missouri’s ability to obtain
necessary rights-of-way, easements, and transmission
interconnection agreements at an acceptable cost and in a timely
fashion.
In connection with the 2022 Update, Ameren Corporation
("Ameren") also revised its goals for reduction of carbon
emissions. Ameren is now targeting net-zero carbon emissions by
2045, as well as a 60% reduction by 2030 and an 85% reduction by
2040, based on 2005 levels. Ameren’s goals include both Scope 1 and
Scope 2 emissions including other greenhouse gas emissions of
methane, nitrous oxide and sulfur hexafluoride. Ameren's emissions
targets encompass direct emissions from operations, as well as
electricity usage at Ameren buildings. Achieving these goals will
be dependent on a variety of factors, including cost-effective
advancements in innovative clean energy technologies and
constructive federal and state energy and economic policies.
Ameren Missouri expects to file its next integrated resource plan
with the MoPSC in September 2023.
Forward-looking
statements
Statements in this report 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, Ameren and Ameren
Missouri are providing this cautionary statement to identify
important factors that could cause actual results to differ
materially from those anticipated. In addition to the factors
discussed in this report, Ameren and Ameren Missouri's Annual
Report on Form 10-K for the year ended December 31, 2021, and their
other reports filed with the Securities and Exchange Commission
under the Securities Exchange Act of 1934 contain a list of factors
and a discussion of risks that could cause actual results to differ
materially from management expectations suggested in such
“forward-looking” statements. All “forward-looking” statements
included in this report are based upon information presently
available, and Ameren and Ameren Missouri, except to the extent
required by the federal securities laws, undertake no obligation to
update or revise publicly any “forward-looking” statements to
reflect new information or current events.
This combined Form 8-K is being filed separately by Ameren
Corporation and Union Electric Company (each a “registrant”).
Information contained herein relating to any individual registrant
has been filed by such registrant on its own behalf. No registrant
makes any representation as to information relating to any other
registrant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, each registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized. The
signature for each undersigned company shall be deemed to relate
only to matters having reference to such company or its
subsidiaries.
|
AMEREN CORPORATION |
|
(Registrant) |
|
Name: |
Michael L. Moehn |
|
Title: |
Executive Vice President and Chief
Financial Officer |
|
|
|
UNION ELECTRIC COMPANY |
|
(Registrant) |
|
Name: |
Mark C. Birk |
|
Title: |
Chairman and President |
Date: June 23, 2022
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