ST. LOUIS, May 10, 2016 /PRNewswire/ -- Ameren
Corporation (NYSE: AEE) today announced first quarter 2016 net
income attributable to common shareholders of $105 million, or $0.43 per share, compared to first quarter 2015
net income attributable to common shareholders of $108 million, or $0.45 per share.
The year-over-year decrease in first quarter 2016 earnings
reflected lower electric sales volumes primarily driven by milder
winter temperatures and lower sales to Noranda Aluminum, Inc.,
historically Ameren Missouri's largest customer. These negative
factors were partially offset by increased earnings on electric
transmission and electric and natural gas delivery infrastructure
investments made by Ameren Transmission Company of Illinois (ATXI) and Ameren Illinois under
modern, constructive regulatory frameworks, as well as a decrease
in the effective income tax rate.
"Our first quarter results were solid, and we remain on track to
deliver within our 2016 earnings guidance range of $2.40 to $2.60 per share," said Warner L. Baxter, chairman, president and chief
executive officer of Ameren Corporation. "We continue to
successfully execute all elements of our strategy, including
strategically allocating capital to jurisdictions with modern,
constructive regulatory frameworks and managing costs in a
disciplined fashion. We expect this execution to deliver superior
value to both our customers and shareholders."
Earnings Guidance
Ameren continues to expect 2016 diluted earnings to be in a
range of $2.40 to $2.60 per share
including an estimated 15 cents per
share reduction related to the expected temporary net effect of
significantly lower electric sales volumes to Noranda.
Earnings guidance for 2016 assumes normal temperatures for the
last nine months of this year and is subject to the effects of,
among other things: 30-year U.S. Treasury bond yields; regulatory
decisions and legislative actions; energy center and energy
delivery operations; Noranda sales levels; energy, economic,
capital and credit 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 segment first quarter 2016 earnings were
$14 million, compared to first
quarter 2015 earnings of $41 million.
The earnings decline primarily reflected lower electric sales
volumes driven by milder winter temperatures, which reduced
earnings by an estimated $17 million,
and lower sales to Noranda. The earnings comparison was also
unfavorably impacted by the carryover effect of the 2013 through
2015 energy efficiency plan.
Ameren Illinois Segment Results
Ameren Illinois segment first quarter 2016 earnings were
$59 million, compared to first
quarter 2015 earnings of $53 million.
The earnings comparison benefited from increased Illinois natural gas delivery service rates as
a result of a December 2015 Illinois
Commerce Commission order, and earnings on increased investments in
transmission and electric delivery infrastructure. These positive
factors were partially offset by the absence of a 2015 benefit from
prior year recovery of cumulative power usage costs as well as
lower electric and natural gas sales volumes primarily driven by
milder winter temperatures. These milder temperatures reduced
earnings by an estimated $6 million,
compared to the prior-year period.
Other Results, including ATXI and Parent
Other earnings, including those of ATXI and the parent company,
for the first quarter of 2016 were $32
million, compared to $14
million for the first quarter of 2015. The higher earnings
largely reflected a decrease in the effective income tax rate,
which was primarily due to recognition of 2016 tax benefits of
$21 million associated with
share-based compensation. Those benefits were recognized in
earnings pursuant to accounting guidance issued in March 2016. In addition, ATXI earnings increased
to $15 million from $10 million as a result of increased investments
in electric transmission infrastructure. These positive factors
were partially offset by increased parent company interest charges
resulting from the November 2015
issuance of $700 million of senior
notes that replaced lower-cost, short-term debt.
Analyst Conference Call
Ameren will conduct a conference call for financial analysts at
9 a.m. Central Time on Wednesday, May 11, to discuss first quarter 2016
earnings, earnings guidance, and regulatory and other matters.
Investors, the news media and the public may listen to a live
Internet broadcast of the call at Ameren.com by clicking on "Q1
2016 Ameren Corporation Earnings Conference Call," followed by the
appropriate audio link. An accompanying slide presentation will be
available on Ameren's website. The conference call and this
presentation will be accessible in the "Investors" section of the
website under "Webcasts & Presentations." The analyst call
will be available for replay on Ameren's website for one year. In
addition, a telephone replay of the conference call will be
available beginning at approximately noon
Central Time from May 11 through May
18 by dialing U.S. and Canada 877.660.6853 or international
201.612.7415, and entering ID number 13636756.
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 delivery and transmission service as well as
natural gas delivery service while Ameren Missouri provides
vertically integrated electric service, with generating capacity of
over 10,200 megawatts, and natural gas delivery service. Ameren
Transmission Company of Illinois
develops regional electric transmission projects. Follow the
company on Twitter @AmerenCorp. For more information, visit
Ameren.com.
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, strategies, 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 Form
10-K, 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, including changes
in regulatory policies and ratemaking determinations, that may
result from the complaint cases filed with the Federal Energy
Regulatory Commission seeking a reduction in the allowed base
return on common equity under the Midcontinent Independent System
Operator tariff, Ameren Missouri's appeal of how an input used to
calculate its performance incentive under the Missouri Energy
Efficiency Investment Act (MEEIA) 2013 plan is determined, Ameren
Illinois' April 2016 annual electric
delivery service formula rate update filing, and future regulatory,
judicial, or legislative actions that change regulatory recovery
mechanisms;
- the effect of Ameren Illinois participating in a
performance-based formula ratemaking process under the Illinois
Energy Infrastructure Modernization Act (IEIMA), including the
direct relationship between Ameren Illinois' return on common
equity and 30-year United States Treasury bond yields, the related
financial commitments required by the IEIMA, and the resulting
uncertain impact on Ameren Illinois' results of operations,
financial position, and liquidity;
- our ability to align our overall spending, both operating and
capital, with regulatory frameworks established by our regulators
in an attempt to earn our allowed return on equity;
- the effects of changes in laws and other governmental actions,
including monetary, fiscal, tax, and energy policies;
- the effects of changes in federal, state, or local tax laws,
regulations, interpretations, or rates and any challenges to the
tax positions we have taken;
- the effects on demand for our services resulting from
technological advances, including advances in customer energy
efficiency and distributed 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 amount of any revenues and
performance incentive earned under the 2013 MEEIA plan, the 2016
MEEIA plan, and any future approved MEEIA plan;
- the timing of increasing capital expenditure and operating
expense requirements and our ability to recover these costs in a
timely manner;
- the cost and availability of fuel such as coal, natural gas,
and enriched uranium used to produce electricity; the cost and
availability of purchased power and natural gas for distribution;
and the level and volatility of future market prices for such
commodities, including our ability to recover the costs for such
commodities and our customers' tolerance for the related rate
increases;
- 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 ultra-low-sulfur
coal used for Ameren Missouri's compliance with environmental
regulations;
- the effectiveness of our risk management strategies and our use
of financial and derivative instruments;
- the ability to obtain sufficient insurance, including insurance
relating to Ameren Missouri's Callaway Energy Center and insurance
for cyber attacks or, in the absence of insurance, the ability to
recover uninsured losses from customers;
- business and economic conditions, including their impact on key
customers, interest rates, collection of our receivable balances,
and demand for our products;
- Noranda Aluminum, Inc.'s (Noranda) bankruptcy filing, the
idling of operations at its aluminum smelter located in southeast
Missouri, and the resulting
impacts to Ameren Missouri's ability to recover its revenue
requirement until rates are adjusted by the Missouri Public Service
Commission in a future electric rate case to reflect Noranda's
actual sales volumes;
- 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 impact of the adoption of new accounting guidance and the
application of appropriate accounting rules and guidance;
- 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;
- the construction, installation, performance, and cost recovery
of generation, transmission, and distribution assets;
- the effects of breakdowns or failures of equipment in the
operation of natural gas distribution and transmission systems and
storage facilities, such as leaks, explosions and mechanical
problems, and compliance with natural gas safety regulations;
- the effects of our increasing investment in electric
transmission projects, our ability to obtain all of the necessary
approvals to complete the projects, and the uncertainty as to
whether we will achieve our expected returns in a timely
manner;
- operation of Ameren Missouri's Callaway Energy Center,
including planned and unplanned outages, and decommissioning
costs;
- the effects of strategic initiatives, including mergers,
acquisitions and divestitures, and any related tax
implications;
- the impact of current environmental regulations and new, more
stringent, or changing requirements, including those related to
carbon dioxide, other emissions and discharges, cooling water
intake structures, coal combustion residuals, and energy
efficiency, that are enacted over time and that could limit or
terminate the operation of certain of our energy centers, increase
our 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 portfolio
requirements in Missouri;
- labor disputes, work force reductions, future wage and employee
benefits costs, including changes in discount rates, mortality
tables, and returns on benefit plan assets;
- the inability of our counterparties to meet their obligations
with respect to contracts, credit agreements, and financial
instruments;
- 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;
- legal and administrative proceedings;
- the impact of cyber attacks, which could 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 utility customer data and account information; 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,
|
|
2016
|
|
2015
|
Operating
Revenues:
|
|
|
|
Electric
|
$
|
1,102
|
|
|
$
|
1,143
|
|
Gas
|
332
|
|
|
413
|
|
Total operating
revenues
|
1,434
|
|
|
1,556
|
|
Operating
Expenses:
|
|
|
|
Fuel
|
203
|
|
|
206
|
|
Purchased
power
|
138
|
|
|
139
|
|
Gas purchased for
resale
|
152
|
|
|
236
|
|
Other operations and
maintenance
|
400
|
|
|
401
|
|
Depreciation and
amortization
|
207
|
|
|
193
|
|
Taxes other than
income taxes
|
114
|
|
|
125
|
|
Total operating
expenses
|
1,214
|
|
|
1,300
|
|
Operating
Income
|
220
|
|
|
256
|
|
Other Income and
Expense:
|
|
|
|
Miscellaneous
income
|
20
|
|
|
19
|
|
Miscellaneous
expense
|
7
|
|
|
11
|
|
Total other
income
|
13
|
|
|
8
|
|
Interest
Charges
|
95
|
|
|
88
|
|
Income Before
Income Taxes
|
138
|
|
|
176
|
|
Income
Taxes
|
31
|
|
|
66
|
|
Income from
Continuing Operations
|
107
|
|
|
110
|
|
Income from
Discontinued Operations, Net of Taxes
|
—
|
|
|
—
|
|
Net
Income
|
107
|
|
|
110
|
|
Less: Net Income
from Continuing Operations Attributable to Noncontrolling
Interests
|
2
|
|
|
2
|
|
Net Income
Attributable to Ameren Common Shareholders:
|
|
|
|
Continuing
Operations
|
105
|
|
|
108
|
|
Discontinued
Operations
|
—
|
|
|
—
|
|
Net Income
Attributable to Ameren Common Shareholders
|
$
|
105
|
|
|
$
|
108
|
|
Earnings per
Common Share – Basic and Diluted:
|
|
|
|
Continuing
Operations
|
$
|
0.43
|
|
|
$
|
0.45
|
|
Discontinued
Operations
|
—
|
|
|
—
|
|
Earnings per
Common Share – Basic and Diluted
|
$
|
0.43
|
|
|
$
|
0.45
|
|
|
|
|
|
Average Common
Shares Outstanding – Basic
|
242.6
|
|
|
242.6
|
|
AMEREN CORPORATION
(AEE)
|
CONSOLIDATED
BALANCE SHEET
|
(Unaudited, in
millions)
|
|
|
March 31,
2016
|
|
December 31,
2015
|
ASSETS
|
|
|
|
Current
Assets:
|
|
|
|
Cash and cash
equivalents
|
$
|
13
|
|
|
$
|
292
|
|
Accounts receivable -
trade (less allowance for doubtful accounts)
|
428
|
|
|
388
|
|
Unbilled
revenue
|
186
|
|
|
239
|
|
Miscellaneous
accounts and notes receivable
|
56
|
|
|
98
|
|
Materials and
supplies
|
483
|
|
|
538
|
|
Current regulatory
assets
|
215
|
|
|
260
|
|
Other current
assets
|
63
|
|
|
88
|
|
Assets of
discontinued operations
|
14
|
|
|
14
|
|
Total current
assets
|
1,458
|
|
|
1,917
|
|
Property and
Plant, Net
|
19,000
|
|
|
18,799
|
|
Investments and
Other Assets:
|
|
|
|
Nuclear
decommissioning trust fund
|
567
|
|
|
556
|
|
Goodwill
|
411
|
|
|
411
|
|
Regulatory
assets
|
1,376
|
|
|
1,382
|
|
Other
assets
|
573
|
|
|
575
|
|
Total investments and
other assets
|
2,927
|
|
|
2,924
|
|
TOTAL
ASSETS
|
$
|
23,385
|
|
|
$
|
23,640
|
|
LIABILITIES AND
EQUITY
|
|
|
|
Current
Liabilities:
|
|
|
|
Current maturities of
long-term debt
|
$
|
135
|
|
|
$
|
395
|
|
Short-term
debt
|
581
|
|
|
301
|
|
Accounts and wages
payable
|
429
|
|
|
777
|
|
Taxes
accrued
|
77
|
|
|
43
|
|
Interest
accrued
|
99
|
|
|
89
|
|
Customer
deposits
|
98
|
|
|
100
|
|
Current regulatory
liabilities
|
87
|
|
|
80
|
|
Other current
liabilities
|
305
|
|
|
279
|
|
Liabilities of
discontinued operations
|
28
|
|
|
29
|
|
Total current
liabilities
|
1,839
|
|
|
2,093
|
|
Long-term Debt,
Net
|
6,881
|
|
|
6,880
|
|
Deferred Credits
and Other Liabilities:
|
|
|
|
Accumulated deferred
income taxes, net
|
3,928
|
|
|
3,885
|
|
Accumulated deferred
investment tax credits
|
59
|
|
|
60
|
|
Regulatory
liabilities
|
1,931
|
|
|
1,905
|
|
Asset retirement
obligations
|
625
|
|
|
618
|
|
Pension and other
postretirement benefits
|
581
|
|
|
580
|
|
Other deferred
credits and liabilities
|
530
|
|
|
531
|
|
Total deferred
credits and other liabilities
|
7,654
|
|
|
7,579
|
|
Ameren Corporation
Shareholders' Equity:
|
|
|
|
Common
stock
|
2
|
|
|
2
|
|
Other paid-in
capital, principally premium on common stock
|
5,539
|
|
|
5,616
|
|
Retained
earnings
|
1,333
|
|
|
1,331
|
|
Accumulated other
comprehensive loss
|
(5)
|
|
|
(3)
|
|
Total Ameren
Corporation shareholders' equity
|
6,869
|
|
|
6,946
|
|
Noncontrolling
Interests
|
142
|
|
|
142
|
|
Total
equity
|
7,011
|
|
|
7,088
|
|
TOTAL LIABILITIES
AND EQUITY
|
$
|
23,385
|
|
|
$
|
23,640
|
|
AMEREN CORPORATION
(AEE)
|
CONDENSED
CONSOLIDATED STATEMENT OF CASH FLOWS
|
(Unaudited, in
millions)
|
|
|
Three Months Ended
March 31,
|
|
2016
|
|
2015
|
Cash Flows From
Operating Activities:
|
|
|
|
Net income
|
$
|
107
|
|
|
$
|
110
|
|
(Income) from
discontinued operations, net of taxes
|
—
|
|
|
—
|
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
Depreciation and
amortization
|
210
|
|
|
195
|
|
Amortization of
nuclear fuel
|
24
|
|
|
23
|
|
Amortization of debt
issuance costs and premium/discounts
|
6
|
|
|
5
|
|
Deferred income taxes
and investment tax credits, net
|
42
|
|
|
59
|
|
Allowance for equity
funds used during construction
|
(8)
|
|
|
(5)
|
|
Share-based
compensation costs
|
6
|
|
|
8
|
|
Other
|
(3)
|
|
|
(11)
|
|
Changes in assets and
liabilities
|
(34)
|
|
|
(73)
|
|
Net cash provided by
operating activities – continuing operations
|
350
|
|
|
311
|
|
Net cash provided by
(used in) operating activities – discontinued operations
|
(1)
|
|
|
1
|
|
Net cash provided
by operating activities
|
349
|
|
|
312
|
|
Cash Flows From
Investing Activities:
|
|
|
|
Capital
expenditures
|
(496)
|
|
|
(417)
|
|
Nuclear fuel
expenditures
|
(21)
|
|
|
(17)
|
|
Purchases of
securities – nuclear decommissioning trust fund
|
(130)
|
|
|
(84)
|
|
Sales and maturities
of securities – nuclear decommissioning trust fund
|
125
|
|
|
79
|
|
Proceeds from note
receivable – Illinois Power Marketing Company
|
—
|
|
|
5
|
|
Contributions to note
receivable – Illinois Power Marketing Company
|
—
|
|
|
(5)
|
|
Other
|
(2)
|
|
|
—
|
|
Net cash used in
investing activities – continuing operations
|
(524)
|
|
|
(439)
|
|
Net cash provided by
investing activities – discontinued operations
|
14
|
|
|
—
|
|
Net cash used in
investing activities
|
(510)
|
|
|
(439)
|
|
Cash Flows From
Financing Activities:
|
|
|
|
Dividends on common
stock
|
(103)
|
|
|
(99)
|
|
Dividends paid to
noncontrolling interest holders
|
(2)
|
|
|
(2)
|
|
Short-term debt,
net
|
280
|
|
|
241
|
|
Maturity of long-term
debt
|
(260)
|
|
|
—
|
|
Employee payroll
taxes related to share-based payments
|
(32)
|
|
|
(12)
|
|
Other
|
(1)
|
|
|
—
|
|
Net cash provided
by (used in) financing activities – continuing
operations
|
(118)
|
|
|
128
|
|
Net change in cash
and cash equivalents
|
(279)
|
|
|
1
|
|
Cash and cash
equivalents at beginning of year
|
292
|
|
|
5
|
|
Cash and cash
equivalents at end of period
|
$
|
13
|
|
|
$
|
6
|
|
AMEREN CORPORATION
(AEE)
|
OPERATING
STATISTICS FROM CONTINUING OPERATIONS
|
|
|
Three Months
Ended
|
|
March
31,
|
|
2016
|
|
2015
|
Electric Sales -
kilowatthours (in millions):
|
|
|
|
Ameren
Missouri
|
|
|
|
Residential
|
3,477
|
|
|
3,905
|
|
Commercial
|
3,469
|
|
|
3,589
|
|
Industrial
|
1,302
|
|
|
2,004
|
|
Off-system
|
1,891
|
|
|
1,724
|
|
Other
|
35
|
|
|
35
|
|
Ameren Missouri
total
|
10,174
|
|
|
11,257
|
|
Ameren
Illinois
|
|
|
|
Residential
|
|
|
|
Power supply and
delivery service
|
1,224
|
|
|
1,419
|
|
Delivery service
only
|
1,680
|
|
|
1,837
|
|
Commercial
|
|
|
|
Power supply and
delivery service
|
717
|
|
|
745
|
|
Delivery service
only
|
2,118
|
|
|
2,181
|
|
Industrial
|
|
|
|
Power supply and
delivery service
|
129
|
|
|
473
|
|
Delivery service
only
|
2,702
|
|
|
2,599
|
|
Other
|
144
|
|
|
146
|
|
Ameren Illinois
total
|
8,714
|
|
|
9,400
|
|
Eliminate affiliate
sales
|
(198)
|
|
|
(8)
|
|
Ameren Total from
Continuing Operations
|
18,690
|
|
|
20,649
|
|
Electric Revenues
(in millions):
|
|
|
|
Ameren
Missouri
|
|
|
|
Residential
|
$
|
298
|
|
|
$
|
337
|
|
Commercial
|
240
|
|
|
248
|
|
Industrial
|
68
|
|
|
96
|
|
Off-system
|
58
|
|
|
44
|
|
Other
|
30
|
|
|
17
|
|
Ameren Missouri
total
|
$
|
694
|
|
|
$
|
742
|
|
Ameren
Illinois
|
|
|
|
Residential
|
|
|
|
Power supply and
delivery service
|
$
|
120
|
|
|
$
|
111
|
|
Delivery service
only
|
86
|
|
|
78
|
|
Commercial
|
|
|
|
Power supply and
delivery service
|
62
|
|
|
54
|
|
Delivery service
only
|
52
|
|
|
46
|
|
Industrial
|
|
|
|
Power supply and
delivery service
|
6
|
|
|
20
|
|
Delivery service
only
|
15
|
|
|
15
|
|
Other
|
51
|
|
|
66
|
|
Ameren Illinois
total
|
$
|
392
|
|
|
$
|
390
|
|
ATXI
|
|
|
|
Transmission
services
|
$
|
32
|
|
|
$
|
20
|
|
Eliminate affiliate
revenues
|
(16)
|
|
|
(9)
|
|
Ameren Total from
Continuing Operations
|
$
|
1,102
|
|
|
$
|
1,143
|
|
AMEREN CORPORATION
(AEE)
|
OPERATING
STATISTICS FROM CONTINUING OPERATIONS
|
|
|
Three Months
Ended
|
|
March
31,
|
|
2016
|
|
2015
|
Electric
Generation - kilowatthours (in millions):
|
|
|
Ameren
Missouri
|
9,861
|
|
|
10,943
|
|
Fuel Cost per
kilowatthour (in cents):
|
|
|
|
Ameren
Missouri
|
1.843
|
|
|
1.891
|
|
Gas Sales -
dekatherms (in thousands):
|
|
|
|
Ameren
Missouri
|
7,224
|
|
|
7,944
|
|
Ameren
Illinois
|
61,706
|
|
|
71,789
|
|
Ameren
Total
|
68,930
|
|
|
79,733
|
|
|
March 31,
2016
|
|
December 31,
2015
|
Common
Stock:
|
|
|
|
Shares outstanding
(in millions)
|
242.6
|
|
|
242.6
|
|
Book value per
share
|
$
|
28.31
|
|
|
$
|
28.63
|
|
Capitalization
Ratios:
|
|
|
|
Common
equity
|
47.0
|
%
|
|
48.3
|
%
|
Preferred
stock
|
1.0
|
%
|
|
1.0
|
%
|
Debt, net of
cash
|
52.0
|
%
|
|
50.7
|
%
|
|
|
|
|
|
|
|
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ameren-nyse-aee-announces-first-quarter-2016-results-and-affirms-2016-earnings-guidance-300266271.html
SOURCE Ameren Corporation