ST. LOUIS, Aug. 4, 2017 /PRNewswire/ -- Ameren
Corporation (NYSE: AEE) today announced second quarter 2017 net
income attributable to common shareholders of $193 million, or $0.79 per share, compared to second quarter 2016
net income attributable to common shareholders of $147 million, or $0.61 per share.
The increase in year-over-year second quarter earnings reflected
new Ameren Missouri electric service rates effective April 1, 2017 driven, in part, by increased
infrastructure investments and removal of the negative effect of
lower sales to the New Madrid
smelter. The earnings improvement also resulted from the absence of
a nuclear refueling and maintenance outage at the Callaway Energy
Center, which reduced operations and maintenance expenses compared
to the year-ago period when there was such an outage. In addition,
the comparison benefited from a 2017 change in the timing of
interim period revenue recognition at the Ameren Illinois Electric
Distribution segment, reflecting the Illinois Future Energy Jobs
Act, as well as increased infrastructure investments in the Ameren
Transmission and Ameren Illinois Electric Distribution segments.
These favorable factors were partially offset by lower 2017 Ameren
Missouri electric retail sales, primarily driven by milder early
summer temperatures.
"As a result of solid execution of our strategy, including
continued disciplined cost management, we expect to deliver 2017
core earnings within a range of $2.70 to
$2.90 per share, a 5-cent
improvement over our prior guidance," said Warner L. Baxter, chairman, president and chief
executive officer of Ameren Corporation. "Our team continues to
allocate capital to jurisdictions with modern, constructive
regulatory frameworks. This includes advancing key Illinois grid modernization projects that
provide significant customer benefits, all while meeting our
region's energy needs, especially during the hot summer months. We
expect this execution to deliver superior value to our customers
and shareholders."
Ameren recorded net income attributable to common shareholders
for the six months ended June 30,
2017, of $295 million, or
$1.21 per share, compared to net
income attributable to common shareholders for the six months ended
June 30, 2016, of $252 million, or $1.04 per share.
The increase in year-over-year six-month earnings reflected a
2017 change in the timing of interim period revenue recognition at
the Ameren Illinois Electric Distribution segment, new Ameren
Missouri electric service rates and the absence of a nuclear
refueling and maintenance outage at the Callaway Energy Center
compared to the year-ago period when there was such an outage. The
earnings comparison also benefited from increased infrastructure
investments in the Ameren Transmission and Ameren Illinois Electric
Distribution segments. These favorable factors were partially
offset by lower 2017 Ameren Missouri electric retail sales
primarily driven by milder temperatures, lower tax benefits
associated with share-based compensation and higher Ameren Missouri
depreciation expense.
Earnings Guidance
Ameren continues to expect 2017 earnings guidance in accordance
with generally accepted accounting principles (GAAP) in a range of
$2.65 to $2.85 per diluted share,
which now includes an expected third quarter non-cash estimated
charge of 6 cents per diluted share,
primarily at the parent company, for revaluation of deferred taxes
resulting from an increase in the Illinois corporate income tax rate effective
July 1, 2017. Excluding this expected
charge, the company expects 2017 core (non-GAAP) earnings to be in
a range of $2.70 to $2.90 per diluted
share, a 5-cent-per-share improvement
over the prior guidance range, reflecting solid execution of
Ameren's strategy.
GAAP and core earnings guidance for 2017 assume normal
temperatures for the last six months of this year and are subject
to the effects of, among other things: 30-year U.S. Treasury bond
yields; regulatory, judicial and legislative actions; energy center
and energy distribution operations; energy, economic, capital and
credit market conditions; severe weather; 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 second quarter 2017 earnings were $120 million, compared to second quarter 2016
earnings of $92 million. The increase
in year-over-year earnings reflected new electric service rates and
the absence of a nuclear refueling and maintenance outage at the
Callaway Energy Center. The earnings comparison was unfavorably
affected by lower 2017 electric retail sales, primarily driven by
milder early summer temperatures.
Ameren Illinois Electric Distribution Segment Results
Ameren Illinois Electric Distribution second quarter 2017
earnings were $33 million, compared
to second quarter 2016 earnings of $18
million. The improvement in year-over-year earnings included
a $9 million increase due to a 2017
change in the timing of interim period revenue recognition
reflecting the Illinois Future Energy Jobs Act, which decoupled
revenues from sales volumes. This change increases first, second
and fourth quarter revenue while decreasing third quarter revenue,
compared to 2016, with no effect on full-year earnings. Earnings in
2017 also benefited from increased infrastructure investments, as
well as a higher allowed return on equity due to a higher projected
average 30-year U.S. Treasury bond yield in 2017 compared to
2016.
Ameren Illinois Natural Gas Segment Results
Ameren Illinois Natural Gas second quarter 2017 earnings were
$5 million, compared to second
quarter 2016 earnings of $7
million.
Ameren Transmission Segment Results
Ameren Transmission second quarter 2017 earnings were
$34 million, compared to second
quarter 2016 earnings of $32 million.
The year-over-year earnings improvement reflected increased
infrastructure investments, partially offset by a lower allowed
return on equity.
Analyst Conference Call
Ameren will conduct a conference call for financial analysts at
9 a.m. Central Time on Friday, Aug. 4, to discuss 2017 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 "Q2 2017
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 and 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 and natural gas transmission and distribution
service while Ameren Missouri provides vertically integrated
electric service, with generating capacity of over 10,200
megawatts, and natural gas distribution service. Ameren
Transmission Company of Illinois
develops regional electric transmission projects. For more
information, visit Ameren.com, or follow us at @AmerenCorp,
Facebook.com/AmerenCorp, or LinkedIn/company/Ameren.
Use of Non-GAAP Financial Measures
In this release, Ameren has presented core earnings per share
guidance, which is a non-GAAP measure and may not be comparable to
those of other companies. A reconciliation of non-GAAP information
to GAAP information has been included in this release. Generally,
core earnings (or losses) include earnings or losses attributable
to common stockholders and exclude income or loss from significant
discrete items that management does not consider representative of
ongoing earnings, such as the expected third quarter 2017 non-cash
estimated charge for the revaluation of deferred taxes resulting
from an increase in the Illinois
corporate income tax rate effective July 1,
2017. Ameren uses core earnings internally for financial
planning and for analysis of performance. Ameren also uses core
earnings as the primary performance measurement when communicating
with analysts and investors regarding our earnings results and
outlook, as the company believes that core earnings allow the
company to more accurately compare its ongoing performance across
periods. In providing consolidated core earnings guidance, there
could be differences between core earnings and earnings prepared in
accordance with GAAP as a result of our treatment of certain items,
such as that described above. Ameren is unable to estimate the
impact, if any, on future GAAP earnings of such future
items.
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 Annual
Report on Form 10-K for the year ended December 31, 2016, 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 any
changes in regulatory policies and ratemaking determinations, such
as those that may result from the complaint case filed in
February 2015 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 Illinois' April
2017 annual electric distribution 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, and the
related financial commitments;
- the effects of changes in federal, state, or local laws and
other governmental actions, including monetary, fiscal, and energy
policies;
- the effects of changes in federal, state, or local tax laws,
regulations, interpretations, such as the increase in Illinois' corporate income tax rate that
became effective in July 2017, 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 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 plans;
- Ameren Illinois' achievement of Future Energy Jobs Act electric
energy efficiency goals and the resulting impact on its allowed
return on program investments;
- our ability to align overall spending, both operating and
capital, with frameworks established by our regulators in our
attempt to earn our allowed return on equity;
- 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 ultra-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, 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 nuclear fuel
assemblies from Westinghouse Electric Company, LLC, the Callaway
Energy Center's only Nuclear Regulatory Commission-licensed
supplier of such assemblies, which is currently in bankruptcy
proceedings;
- the effectiveness of our risk management strategies and our use
of financial and derivative instruments;
- the ability to obtain sufficient insurance, including insurance
for Ameren Missouri's Callaway Energy Center, or in the absence of
insurance, the ability to recover uninsured losses from our
customers;
- business and economic conditions, including their impact on
interest rates, collection of our receivable balances, and demand
for our products;
- 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 impact of adopting new accounting guidance and the
application of appropriate accounting rules and guidance;
- the impact of weather conditions on Ameren Missouri 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 transmission and distribution 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;
- 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 Ameren Missouri's 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 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
June 30,
|
|
Six Months
Ended
June 30,
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
Operating
Revenues:
|
|
|
|
|
|
|
|
Electric
|
$
|
1,383
|
|
|
$
|
1,274
|
|
|
$
|
2,589
|
|
|
$
|
2,376
|
|
Natural
gas
|
155
|
|
|
153
|
|
|
463
|
|
|
485
|
|
Total operating
revenues
|
1,538
|
|
|
1,427
|
|
|
3,052
|
|
|
2,861
|
|
Operating
Expenses:
|
|
|
|
|
|
|
|
Fuel
|
189
|
|
|
166
|
|
|
395
|
|
|
369
|
|
Purchased
power
|
149
|
|
|
135
|
|
|
329
|
|
|
273
|
|
Natural gas purchased
for resale
|
41
|
|
|
41
|
|
|
171
|
|
|
193
|
|
Other operations and
maintenance
|
422
|
|
|
435
|
|
|
827
|
|
|
835
|
|
Depreciation and
amortization
|
222
|
|
|
210
|
|
|
443
|
|
|
417
|
|
Taxes other than
income taxes
|
117
|
|
|
115
|
|
|
235
|
|
|
229
|
|
Total operating
expenses
|
1,140
|
|
|
1,102
|
|
|
2,400
|
|
|
2,316
|
|
Operating
Income
|
398
|
|
|
325
|
|
|
652
|
|
|
545
|
|
Other Income and
Expenses:
|
|
|
|
|
|
|
|
Miscellaneous
income
|
14
|
|
|
16
|
|
|
29
|
|
|
36
|
|
Miscellaneous
expense
|
5
|
|
|
6
|
|
|
14
|
|
|
13
|
|
Total other
income
|
9
|
|
|
10
|
|
|
15
|
|
|
23
|
|
Interest
Charges
|
99
|
|
|
95
|
|
|
198
|
|
|
190
|
|
Income Before
Income Taxes
|
308
|
|
|
240
|
|
|
469
|
|
|
378
|
|
Income
Taxes
|
114
|
|
|
92
|
|
|
171
|
|
|
123
|
|
Net
Income
|
194
|
|
|
148
|
|
|
298
|
|
|
255
|
|
Less: Net Income
Attributable to Noncontrolling Interests
|
1
|
|
|
1
|
|
|
3
|
|
|
3
|
|
Net Income
Attributable to Ameren Common Shareholders
|
$
|
193
|
|
|
$
|
147
|
|
|
$
|
295
|
|
|
$
|
252
|
|
|
|
|
|
|
|
|
|
Earnings per
Common Share – Basic and Diluted
|
$
|
0.79
|
|
|
$
|
0.61
|
|
|
$
|
1.21
|
|
|
$
|
1.04
|
|
|
|
|
|
|
|
|
|
Average Common
Shares Outstanding – Basic
|
242.6
|
|
|
242.6
|
|
|
242.6
|
|
|
242.6
|
|
AMEREN CORPORATION
(AEE) CONSOLIDATED BALANCE SHEET (Unaudited, in
millions)
|
|
|
June 30,
2017
|
|
December 31,
2016
|
ASSETS
|
|
|
|
Current
Assets:
|
|
|
|
Cash and cash
equivalents
|
$
|
10
|
|
|
$
|
9
|
|
Accounts receivable -
trade (less allowance for doubtful accounts)
|
446
|
|
|
437
|
|
Unbilled
revenue
|
334
|
|
|
295
|
|
Miscellaneous
accounts receivable
|
77
|
|
|
63
|
|
Inventories
|
512
|
|
|
527
|
|
Current regulatory
assets
|
95
|
|
|
149
|
|
Other current
assets
|
97
|
|
|
113
|
|
Total current
assets
|
1,571
|
|
|
1,593
|
|
Property, Plant,
and Equipment, Net
|
20,589
|
|
|
20,113
|
|
Investments and
Other Assets:
|
|
|
|
Nuclear
decommissioning trust fund
|
651
|
|
|
607
|
|
Goodwill
|
411
|
|
|
411
|
|
Regulatory
assets
|
1,506
|
|
|
1,437
|
|
Other
assets
|
526
|
|
|
538
|
|
Total investments and
other assets
|
3,094
|
|
|
2,993
|
|
TOTAL
ASSETS
|
$
|
25,254
|
|
|
$
|
24,699
|
|
LIABILITIES AND
EQUITY
|
|
|
|
Current
Liabilities:
|
|
|
|
Current maturities of
long-term debt
|
$
|
578
|
|
|
$
|
681
|
|
Short-term
debt
|
892
|
|
|
558
|
|
Accounts and wages
payable
|
522
|
|
|
805
|
|
Taxes
accrued
|
122
|
|
|
46
|
|
Interest
accrued
|
104
|
|
|
93
|
|
Customer
deposits
|
108
|
|
|
107
|
|
Current regulatory
liabilities
|
141
|
|
|
110
|
|
Other current
liabilities
|
298
|
|
|
274
|
|
Total current
liabilities
|
2,765
|
|
|
2,674
|
|
Long-term Debt,
Net
|
6,821
|
|
|
6,595
|
|
Deferred Credits
and Other Liabilities:
|
|
|
|
Accumulated deferred
income taxes, net
|
4,444
|
|
|
4,264
|
|
Accumulated deferred
investment tax credits
|
52
|
|
|
55
|
|
Regulatory
liabilities
|
2,003
|
|
|
1,985
|
|
Asset retirement
obligations
|
634
|
|
|
635
|
|
Pension and other
postretirement benefits
|
758
|
|
|
769
|
|
Other deferred
credits and liabilities
|
477
|
|
|
477
|
|
Total deferred
credits and other liabilities
|
8,368
|
|
|
8,185
|
|
Ameren Corporation
Shareholders' Equity:
|
|
|
|
Common
stock
|
2
|
|
|
2
|
|
Other paid-in
capital, principally premium on common stock
|
5,528
|
|
|
5,556
|
|
Retained
earnings
|
1,649
|
|
|
1,568
|
|
Accumulated other
comprehensive loss
|
(21)
|
|
|
(23)
|
|
Total Ameren
Corporation shareholders' equity
|
7,158
|
|
|
7,103
|
|
Noncontrolling
Interests
|
142
|
|
|
142
|
|
Total
equity
|
7,300
|
|
|
7,245
|
|
TOTAL LIABILITIES
AND EQUITY
|
$
|
25,254
|
|
|
$
|
24,699
|
|
AMEREN CORPORATION
(AEE) CONDENSED CONSOLIDATED STATEMENT OF CASH
FLOWS (Unaudited, in millions)
|
|
|
|
Six Months Ended
June 30,
|
|
2017
|
|
2016
|
Cash Flows From
Operating Activities:
|
|
|
|
Net income
|
$
|
298
|
|
|
$
|
255
|
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
Depreciation and
amortization
|
433
|
|
|
419
|
|
Amortization of
nuclear fuel
|
48
|
|
|
38
|
|
Amortization of debt
issuance costs and premium/discounts
|
11
|
|
|
11
|
|
Deferred income taxes
and investment tax credits, net
|
175
|
|
|
134
|
|
Allowance for equity
funds used during construction
|
(10)
|
|
|
(13)
|
|
Share-based
compensation costs
|
8
|
|
|
12
|
|
Other
|
(5)
|
|
|
(7)
|
|
Changes in assets and
liabilities
|
(95)
|
|
|
(86)
|
|
Net cash provided
by operating activities
|
863
|
|
|
763
|
|
Cash Flows From
Investing Activities:
|
|
|
|
Capital
expenditures
|
(998)
|
|
|
(1,000)
|
|
Nuclear fuel
expenditures
|
(50)
|
|
|
(24)
|
|
Purchases of
securities – nuclear decommissioning trust fund
|
(213)
|
|
|
(201)
|
|
Sales and maturities
of securities – nuclear decommissioning trust fund
|
204
|
|
|
192
|
|
Other
|
(2)
|
|
|
(2)
|
|
Net cash used in
investing activities
|
(1,059)
|
|
|
(1,035)
|
|
Cash Flows From
Financing Activities:
|
|
|
|
Dividends on common
stock
|
(214)
|
|
|
(206)
|
|
Dividends paid to
noncontrolling interest holders
|
(3)
|
|
|
(3)
|
|
Short-term debt,
net
|
334
|
|
|
477
|
|
Maturities of
long-term debt
|
(425)
|
|
|
(389)
|
|
Issuances of
long-term debt
|
549
|
|
|
149
|
|
Share-based
payments
|
(39)
|
|
|
(32)
|
|
Capital issuance
costs
|
(4)
|
|
|
(1)
|
|
Other
|
(1)
|
|
|
(2)
|
|
Net cash provided
by (used in) financing activities
|
197
|
|
|
(7)
|
|
Net change in cash
and cash equivalents
|
1
|
|
|
(279)
|
|
Cash and cash
equivalents at beginning of year
|
9
|
|
|
292
|
|
Cash and cash
equivalents at end of period
|
$
|
10
|
|
|
$
|
13
|
|
AMEREN CORPORATION
(AEE) OPERATING STATISTICS
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
June
30,
|
|
June
30,
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
Electric Sales -
kilowatthours (in millions):
|
|
|
|
|
|
|
|
Ameren
Missouri
|
|
|
|
|
|
|
|
Residential
|
2,760
|
|
|
2,899
|
|
|
5,969
|
|
|
6,376
|
|
Commercial
|
3,556
|
|
|
3,610
|
|
|
6,888
|
|
|
7,079
|
|
Industrial
|
1,144
|
|
|
1,142
|
|
|
2,171
|
|
|
2,444
|
|
Off-system and
other
|
3,495
|
|
|
1,400
|
|
|
6,716
|
|
|
3,326
|
|
Ameren Missouri
total
|
10,955
|
|
|
9,051
|
|
|
21,744
|
|
|
19,225
|
|
Ameren Illinois
Electric Distribution
|
|
|
|
|
|
|
|
Residential
|
2,416
|
|
|
2,540
|
|
|
5,133
|
|
|
5,444
|
|
Commercial
|
2,934
|
|
|
3,001
|
|
|
5,851
|
|
|
5,836
|
|
Industrial
|
2,792
|
|
|
2,876
|
|
|
5,528
|
|
|
5,707
|
|
Street
Lighting/Public Authority
|
125
|
|
|
119
|
|
|
257
|
|
|
263
|
|
Ameren Illinois
Electric Distribution total
|
8,267
|
|
|
8,536
|
|
|
16,769
|
|
|
17,250
|
|
Eliminate affiliate
sales
|
(97)
|
|
|
(79)
|
|
|
(265)
|
|
|
(277)
|
|
Ameren
Total
|
19,125
|
|
|
17,508
|
|
|
38,248
|
|
|
36,198
|
|
Electric Revenues
(in millions):
|
|
|
|
|
|
|
|
Ameren
Missouri
|
|
|
|
|
|
|
|
Residential
|
$
|
362
|
|
|
$
|
356
|
|
|
$
|
650
|
|
|
$
|
654
|
|
Commercial
|
334
|
|
|
326
|
|
|
563
|
|
|
566
|
|
Industrial
|
84
|
|
|
82
|
|
|
141
|
|
|
150
|
|
Off-system and
other
|
133
|
|
|
80
|
|
|
305
|
|
|
168
|
|
Ameren Missouri
total
|
$
|
913
|
|
|
$
|
844
|
|
|
$
|
1,659
|
|
|
$
|
1,538
|
|
Ameren Illinois
Electric Distribution
|
|
|
|
|
|
|
|
Residential
|
|
|
|
|
|
|
|
Delivery
service
|
$
|
145
|
|
|
$
|
134
|
|
|
$
|
282
|
|
|
$
|
251
|
|
Power supply and
other cost recovery
|
63
|
|
|
72
|
|
|
145
|
|
|
159
|
|
Commercial
|
|
|
|
|
|
|
|
Delivery
service
|
82
|
|
|
70
|
|
|
162
|
|
|
131
|
|
Power supply and
other cost recovery
|
45
|
|
|
49
|
|
|
98
|
|
|
100
|
|
Industrial
|
|
|
|
|
|
|
|
Delivery
service
|
15
|
|
|
13
|
|
|
32
|
|
|
26
|
|
Power supply and
other cost recovery
|
12
|
|
|
10
|
|
|
23
|
|
|
18
|
|
Street
Lighting/Public Authority
|
|
|
|
|
|
|
|
Delivery
service
|
9
|
|
|
5
|
|
|
15
|
|
|
13
|
|
Power supply and
other cost recovery
|
3
|
|
|
2
|
|
|
6
|
|
|
6
|
|
Other
|
14
|
|
|
3
|
|
|
10
|
|
|
6
|
|
Ameren Illinois
Electric Distribution total
|
$
|
388
|
|
|
$
|
358
|
|
|
$
|
773
|
|
|
$
|
710
|
|
Ameren
Transmission
|
|
|
|
|
|
|
|
Ameren Illinois
Transmission(a)
|
$
|
65
|
|
|
$
|
63
|
|
|
$
|
125
|
|
|
$
|
114
|
|
ATXI
|
40
|
|
|
29
|
|
|
82
|
|
|
61
|
|
Ameren Transmission
total
|
$
|
105
|
|
|
$
|
92
|
|
|
$
|
207
|
|
|
$
|
175
|
|
Other and
intersegment eliminations
|
(23)
|
|
|
(20)
|
|
|
(50)
|
|
|
(47)
|
|
Ameren
Total
|
$
|
1,383
|
|
|
$
|
1,274
|
|
|
$
|
2,589
|
|
|
$
|
2,376
|
|
|
|
(a)
|
Includes $12 million,
$10 million, $18 million and $21 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
|
|
Six Months
Ended
|
|
June
30,
|
|
June
30,
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
Gas Sales -
dekatherms (in millions):
|
|
|
|
|
|
|
|
Ameren
Missouri
|
3
|
|
|
3
|
|
|
9
|
|
|
10
|
|
Ameren Illinois
Natural Gas
|
29
|
|
|
30
|
|
|
87
|
|
|
92
|
|
Ameren
Total
|
32
|
|
|
33
|
|
|
96
|
|
|
102
|
|
Gas Revenues (in
millions):
|
|
|
|
|
|
|
Ameren
Missouri
|
$
|
22
|
|
|
$
|
23
|
|
|
$
|
66
|
|
|
$
|
70
|
|
Ameren Illinois
Natural Gas
|
134
|
|
|
131
|
|
|
398
|
|
|
416
|
|
Eliminate affiliate
revenues
|
(1)
|
|
|
(1)
|
|
|
(1)
|
|
|
(1)
|
|
Ameren
Total
|
$
|
155
|
|
|
$
|
153
|
|
|
$
|
463
|
|
|
$
|
485
|
|
|
|
|
June 30,
2017
|
|
|
|
December 31,
2016
|
Common
Stock:
|
|
|
|
|
|
|
|
Shares outstanding
(in millions)
|
|
|
242.6
|
|
|
|
|
242.6
|
|
Book value per
share
|
|
|
$
|
29.51
|
|
|
|
|
$
|
29.28
|
|
View original
content:http://www.prnewswire.com/news-releases/ameren-nyse-aee-announces-second-quarter-2017-results-300499735.html
SOURCE Ameren Corporation