Summary
St. Louis-based Ameren Corp. is a public utility serving 2.4 million electric customers and 900,000 natural gas customers through its Ameren Missouri and Ameren Illinois regulated subsidiaries. Customers are located in central and eastern Missouri and southern Illinois. Ameren Missouri offers vertically integrated electric services, with a generating capacity of 10,800 megawatts. Ameren Illinois offers both electric transmission services and natural gas delivery. Ameren Transmission Co. of Illinois is developing regional electric transmission projects. AEE also operates one nuclear production facility. In 2023, electricity accounted for approximately 83% of total revenues.
Management is committed to the expansion of electric and gas services and infrastructure improvements in the company’s regulated service areas. Ameren has exited the volatile, unregulated energy sector and has shown little interest in acquiring unregulated assets. The company operates several nuclear power plants, but is still heavily dependent on coal. Of the utility’s generating capacity, the 2023 fuel mix will consist of approximately 44% coal, 12% nuclear, 29% natural gas/oil and 15% renewables. Manage estimate
