Ameren Corp (AEE)

Aaron Melda Named Chairman and President of Ameren MissouriMay 21, 2026 7:45 AM
PR Newswire (US) Former TVA Leader Brings 25 Years of Industry ExperienceST. LOUIS, May 21, 2026 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) announced today that Aaron Melda, an executive with more than 25 years of utility leadership experience, will be the next chairman and president of Ameren Missouri, an electric and gas service provider and subsidiary of Ameren Corporation. Melda has a proven track record of driving operational excellence across various leadership roles. His expertise spans power generation, energy delivery, transmission, nuclear operations, external affairs, commercial operations and enterprise planning."Aaron brings extensive experience and a collaborative, transformational leadership style that we welcome at Ameren, but more than that, he brings a real passion for the customers and communities we serve," said Martin J. Lyons Jr., chairman, president and CEO of Ameren Corporation. "His commitment to driving excellence and efficiency is all about delivering for customers, and that mindset makes him an excellent fit for our team."Melda most recently served as senior vice president of strategy, commercial operations & external affairs for Tennessee Valley Authority (TVA), where he was responsible for enterprise strategy, economic development, commercial operations, federal affairs, and customer and community relations. Prior to that, he held the position of senior vice president for transmission & power supply. Melda held several positions of increasing responsibility during his time at TVA, including serving as executive director for the Watts Bar Nuclear Unit 2 completion and senior vice president of operations support.Melda will report to Michael Moehn, group president of Ameren Utilities.Before joining TVA in 2005, Melda held leadership roles with Siemens Power Generation in Georgia. He began his career there as a field engineer and project manager providing turbine and generator services to utilities across the United States. Melda holds a bachelor's degree in mechanical engineering from Georgia Tech and an MBA from Vanderbilt University.About Ameren Corporation
St. Louis-based Ameren Corporation powers the quality of life for 2.5 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 services, 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 at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren.   View original content to download multimedia:https://www.prnewswire.com/news-releases/aaron-melda-named-chairman-and-president-of-ameren-missouri-302778392.htmlSOURCE Ameren Corporation Original: Aaron Melda Named Chairman and President of Ameren Missouri

MISO selects consortium of Ameren, GridLiance, Dairyland, Illinois Municipal Electric Agency to deliver major grid-bolstering projects in IllinoisMay 19, 2026 5:05 AM
PR Newswire (US) ST. LOUIS, May 19, 2026 /PRNewswire/ -- The Midcontinent Independent System Operator (MISO) has selected a consortium of Ameren Transmission Company of Illinois (ATXI), a subsidiary of Ameren Corporation (NYSE: AEE); GridLiance Heartland, LLC, a subsidiary of NextEra Energy Transmission, LLC; Dairyland Power Cooperative; and the Illinois Municipal Electric Agency (IMEA) to develop, build, operate and maintain two major transmission projects. ATXI and GridLiance will lead the development of these projects, while Dairyland and IMEA will own a portion of both projects when they are placed in service. The Sub T – Iowa/Illinois State Line – Woodford County (STIW) and Woodford County – Illinois/Indiana State Line (WIIL) projects are the foundation of a new 765-kilovolt (kV) backbone that will deliver safe, reliable and cost-competitive energy to serve Midwest communities for decades to come. The STIW project includes the construction of two new 765-kV transmission lines spanning approximately 149 miles. One 765-kV line will run from the Woodford County Substation west to the Iowa/Illinois state line, and the other 765-kV line will continue west from the Iowa/Illinois state line to the Sub T Substation in Iowa. The STIW project has a MISO estimated cost of $940 million.The WIIL project includes the construction of two new 765-kV transmission lines that span a total of 88 miles and the construction of a new 765/345-kV substation. One 765-kV line will run east from the existing Woodford County Substation in central Illinois to the Illinois/Indiana state line. The other 765-kV line will run northeast from the Woodford County Substation for approximately 1.5 miles toward the existing Collins Substation before interconnecting with a separate 765-kV line segment. The WIIL project has a MISO estimated cost of $718 million.ATXI, GridLiance, Dairyland and IMEA will have ownership stakes in both projects of 43%, 43%, 11% and 3%, respectively."We are committed to delivering infrastructure that strengthens the grid and creates value for customers both now and over the long term," said Shawn Schukar, chairman and president of ATXI. "The collaboration between ATXI, GridLiance, Dairyland and IMEA enables us to work with our local communities, regulators and local contractors to effectively and efficiently build this valuable transmission system expansion while supporting the growth in our region.""These projects are critical to building a stronger, more resilient transmission backbone for the Midwest," said Matt Valle, president of NextEra Energy Transmission, LLC. "We're proud to work with ATXI, Dairyland and IMEA to deliver needed energy infrastructure to enhance reliability, support growing energy needs and benefit communities for decades to come.""As a critical services provider, Dairyland is pleased to be part of a consortium that will help ensure the reliability and flexibility of the transmission system in the Upper Midwest for current and future generations," said Ben Porath, Dairyland executive vice president and chief operating officer."Increasing transmission capacity on the grid is critical to improving resiliency, integrating new resources and supporting long-term economic developments," said IMEA CEO and President Doug Brown. "The Illinois Municipal Electric Agency is proud to be a partner on these projects."Both WIIL and STIW are competitive projects in MISO's Long Range Transmission Planning Tranche 2.1 Portfolio, which was originally approved in December 2024. Both projects have expected in-service dates of 2034, following the regulatory review process and thorough stakeholder and community engagement.About Ameren Corporation
St. Louis-based Ameren Corporation powers the quality of life for 2.5 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 services and natural gas distribution services. Ameren Missouri provides electric generation, transmission and distribution services, as well as natural gas distribution services. 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 at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren.About NextEra Energy Transmission
NextEra Energy Transmission, LLC is North America's leading competitive transmission company. With more than 3,200 miles of transmission lines in operation and development in 19 states and Canada, the company is strengthening and modernizing the electric grid to meet the country's growing energy needs. NextEra Energy Transmission owns, develops, finances, constructs, operates and maintains transmission assets across the continent. The company operates through its regional subsidiaries to integrate diverse energy sources. NextEra Energy Transmission, LLC is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. For more information, visit www.NextEraEnergyTransmission.com. About Dairyland Power Cooperative
Headquartered in La Crosse, Wis., Dairyland provides the wholesale electrical requirements for 24 distribution cooperatives and 27 municipal utilities. These cooperatives and municipals, in turn, supply the energy needs of over 800,000 people in a four-state service area. Dairyland delivers electricity via 3,708 miles of transmission lines and 400 distribution substations located throughout the system's 44,500 square mile service area. Visit www.DairylandPower.com.About Illinois Municipal Electric Agency
The Illinois Municipal Electric Agency (IMEA) is a not-for-profit unit of local government created in 1984 that provides wholesale power supply and related services to municipal electric systems across Illinois. IMEA is currently comprised of 32 municipal electric systems, each of which owns and operates its own electric distribution system, with some also operating local power generation plants. Through collective action, IMEA helps its member communities secure affordable, reliable and sustainable energy while preserving local control over rates, services and utility-related solutions. For more information, visit www.imea.org. View original content to download multimedia:https://www.prnewswire.com/news-releases/miso-selects-consortium-of-ameren-gridliance-dairyland-illinois-municipal-electric-agency-to-deliver-major-grid-bolstering-projects-in-illinois-302775548.htmlSOURCE Ameren Corporation Original: MISO selects consortium of Ameren, GridLiance, Dairyland, Illinois Municipal Electric Agency to deliver major grid-bolstering projects in Illinois

Ameren Corporation Directors Declare Quarterly DividendMay 15, 2026 2:38 PM
PR Newswire (US) ST. LOUIS, May 15, 2026 /PRNewswire/ -- The board of directors of Ameren Corporation (NYSE: AEE) today declared a quarterly cash dividend on its common stock of 75 cents per share. This dividend is payable June 30, 2026, to shareholders of record at the close of business on June 9, 2026.  Separately, the board of directors of Union Electric Company, doing business as Ameren Missouri, declared regular quarterly cash dividends on all classes of Union Electric Company's preferred stock. These preferred stock dividends are payable Aug. 15, 2026, to shareholders of record at the close of business on July 16, 2026.In addition, the board of directors of Ameren Illinois Company, doing business as Ameren Illinois, declared regular quarterly cash dividends on all classes of Ameren Illinois Company's preferred stock. These preferred stock dividends are payable Aug. 1, 2026, to shareholders of record at the close of business on July 10, 2026. About Ameren Corporation
St. Louis-based Ameren Corporation powers the quality of life for 2.5 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 services, 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 at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren.  View original content to download multimedia:https://www.prnewswire.com/news-releases/ameren-corporation-directors-declare-quarterly-dividend-302773830.htmlSOURCE Ameren Corporation Original: Ameren Corporation Directors Declare Quarterly Dividend

Ameren Announces First Quarter 2026 ResultsMay 5, 2026 4:30 PM
PR Newswire (US) First Quarter Diluted Earnings Per Share (EPS) were $1.28 in 2026 vs. $1.07 in 2025Reaffirmed 2026 Earnings Guidance Range of $5.25 to $5.45 per Diluted ShareST. LOUIS, May 5, 2026 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) today announced first quarter 2026 net income attributable to common shareholders of $357 million, or $1.28 per diluted share, compared to first quarter 2025 net income of $289 million, or $1.07 per diluted share. First quarter 2026 results reflected earnings on infrastructure investments to improve system reliability, resilience, and service quality for our Ameren Missouri and Illinois electric and natural gas customers. These positive contributions were partially offset by lower Ameren Missouri electric retail sales, primarily driven by warmer-than-normal winter temperatures in the current period compared to colder-than-normal temperatures in the prior-year period, along with higher interest expense at Ameren Missouri. Finally, the earnings per diluted share comparison reflected higher weighted-average basic common shares outstanding in the first quarter of 2026."Customers depend on us every day for safe, reliable, and affordable energy—and demand is growing," said Martin J. Lyons, Jr., chairman, president and chief executive officer of Ameren Corporation. "Meeting these needs requires disciplined ongoing infrastructure investment. Our strategic plan calls for prudent investments across each of our operating segments to optimize service for our customers and communities today while preparing for the future."Earnings GuidanceToday, Ameren reaffirmed its 2026 earnings guidance range of $5.25 to $5.45 per share. Earnings guidance for 2026 assumes normal temperatures for the last nine months of the year and is subject to the effects of, among other things: regulatory, judicial and legislative actions; energy center and energy transmission and distribution operations; energy, economic, capital and credit market conditions; customer usage; severe storms; market returns on company-owned life insurance investments; 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 ResultsAmeren Missouri first quarter 2026 earnings were $76 million, compared to first quarter 2025 earnings of $42 million. The year-over-year increase reflected earnings on increased infrastructure investments, including infrastructure reflected in electric and natural gas service rates that became effective June 1, 2025, and September 1, 2025, respectively. These positive factors were partially offset by lower electric retail sales, primarily driven by warmer-than-normal winter temperatures in the current period compared to colder-than-normal temperatures in the prior-year period, along with higher interest expense.Ameren Transmission Segment ResultsAmeren Transmission first quarter 2026 earnings were $98 million, compared to first quarter 2025 earnings of $89 million. The year-over-year increase reflected earnings on increased infrastructure investments.Ameren Illinois Electric Distribution Segment ResultsAmeren Illinois Electric Distribution first quarter 2026 earnings were $66 million, compared to first quarter 2025 earnings of $63 million.Ameren Illinois Natural Gas Segment ResultsAmeren Illinois Natural Gas first quarter 2026 earnings were $122 million, compared to first quarter 2025 earnings of $108 million. The year-over-year increase reflected infrastructure investments included in natural gas service rates that became effective December 2, 2025.Ameren Parent Results (includes items not reported in a business segment)Ameren Parent first quarter 2026 loss was $5 million, compared to a first quarter 2025 loss of $13 million.Analyst Conference Call Ameren will conduct a conference call for financial analysts at 9 a.m. Central Time on Wednesday, May 6, 2026, to discuss first quarter 2026 earnings, 2026 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 "Latest Quarterly Results," where an accompanying slide presentation will also be available. The conference call and presentation will be archived in the "Investors" section of the website under "Quarterly Earnings."About AmerenSt. Louis-based Ameren Corporation powers the quality of life for 2.5 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 at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren.Forward-looking StatementsStatements 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 within Risk Factors in Ameren's Annual Report on Form 10-K for the year ended December 31, 2025, 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 or our ability to recover costs and earn a return, such as those that may result from appeals filed by Ameren Illinois to the Illinois Appellate Court for the Fifth Judicial District related to Illinois Commerce Commission (ICC) orders issued in December 2023, June 2024, and December 2024 in the multi-year rate plan (MYRP) electric distribution service regulatory rate review, Ameren Illinois' March 2026 appeal of the December 2025 order issued in the 2024 electric distribution service revenue requirement reconciliation adjustment review, Ameren Illinois' 2025 electric distribution service revenue requirement reconciliation adjustment review filed with the ICC in April 2026, Ameren Illinois' January 2026 appeal of the November 2025 ICC order issued in the 2025 natural gas delivery service rate review, Ameren Illinois' 2020 QIP reconciliation hearing, and the January and April 2025 appeals of FERC's October 2024 and March 2025 orders by the MISO transmission owners, including Ameren Missouri, Ameren Illinois, and Ameren Transmission Company of Illinois (ATXI);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 return on equity (ROE), within frameworks established by our regulators, while maintaining affordability for our customers;the effect and duration of Ameren Illinois' election to utilize MYRPs for electric distribution service ratemaking effective for rates beginning in 2024, including the effect of the reconciliation cap on the electric distribution revenue requirement;the effect on Ameren Missouri of any customer rate caps or limitations on increasing the electric service revenue requirement pursuant to Ameren Missouri's election to use the plant-in-service accounting regulatory mechanism;Ameren Missouri's ability to construct and/or acquire wind, solar, and other renewable energy generation facilities and battery storage, as well as natural gas-fired and nuclear energy centers, extend the operating license for the Callaway Energy Center, reliably operate existing energy centers through their expected retirement dates, retire fossil fuel-fired 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, preferred resource plan, or emissions reduction goals, and to recover its cost of investment, a related return, and, in the case of customer energy-efficiency programs, any lost electric revenues in a timely manner, each of which is affected by the ability to timely obtain all necessary regulatory and project approvals, including certificates of convenience and necessity (CCNs) from the MoPSC or any other required approvals, including permits to operate the facilities;our ability to realize and support forecasted energy demand and capacity from new and potential new customers, including demand growth dependent on the addition of new data centers and other large primary service customers within our service territories, such as the large load customers that signed electric service agreements with Ameren Missouri in 2026;the effects on energy prices and demand for our services resulting from customer growth patterns or usage, including demand from data centers, technological advances, including advances in customer energy efficiency, electric vehicles, electrification of various industries, energy storage, and private generation sources, which are becoming increasingly cost-competitive;Ameren Missouri's ability to earn, utilize, or transfer at a reasonable price federal production and investment tax credits related to renewable energy projects and nuclear energy production; the cost of wind, solar, and other renewable generation and battery 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;the effect of changes in federal domestic energy policy to support investment in fossil fuel infrastructure and the effect of those changes on Ameren Missouri's ability to construct and/or acquire renewable energy generation facilities and battery storage;the outcome of the MISO long-range transmission planning process, including potential changes to planned projects, the ability to obtain competitively bid or assigned projects and related approvals, including CCNs from the MoPSC and ICC or any other required approvals, and changes in applicable legislative or regulatory frameworks;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 supply chain disruptions;advancements in energy technologies, including carbon capture, utilization, and sequestration, hydrogen fuel for electric production and energy storage, next generation nuclear, and large-scale long-cycle battery storage, and the impact of federal and state energy and economic policies with respect to those technologies;the effects of changes in federal, state, or local laws and other domestic or international governmental actions, including monetary, fiscal, foreign trade, and energy policies, foreign trade tariffs, executive orders, geopolitical developments, or extended federal government shutdowns or defunding;the effects of changes in federal, state, or local tax laws or rates; additional regulations, interpretations, amendments, or technical corrections to, or in connection with the One Big Beautiful Bill Act (OBBBA) and the Inflation Reduction Act of 2022 (IRA), including the effects of the OBBBA as it relates to construction timelines of solar, wind, and battery storage projects along with the ability to obtain materials for these projects to be eligible for federal production and investment tax credits; and any challenges to the tax positions we have taken, as well as resulting effects on customer rates;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 natural gas for distribution and the cost and availability of purchased power, including capacity, zero emission credits, renewable energy credits, and emission allowances; 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 primarily from the one Nuclear Regulatory Commission-licensed supplier of assemblies for Ameren Missouri's Callaway Energy Center;the cost and availability of transmission capacity required for the energy generated by Ameren Missouri's energy centers or as 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 at a reasonable cost, or, in the absence of insurance, the ability to timely recover uninsured losses from our customers;the impact of cyberattacks and data security risks on us, our suppliers, or other entities on the grid, including those arising from generative or agentic artificial intelligence, 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;acts of sabotage, which have increased in frequency and severity within the utility industry, war, terrorism, or other intentionally disruptive acts;business, economic, geopolitical, and capital market conditions, including foreign trade tariffs or trade wars, evolving federal regulatory priorities, and the impact of such conditions on interest rates, inflation, commodity prices, and investments;the impact of inflation or a recession on our customers and suppliers and the related impact on our results of operations, financial position, and liquidity;disruptions of the capital and credit 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, and our ability to access the capital and credit markets on reasonable terms when needed;the actions of credit rating agencies and the effects of such actions;the impact of weather conditions and other natural conditions 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 ability to maintain system reliability by Ameren Missouri, the MISO, and the electric utility industry, as well as Ameren Missouri's ability to meet existing or future generation capacity and power obligations;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 or their interpretation and new, more stringent, or changing requirements and environmental policies, including those related to NSR provisions of the Clean Air Act, carbon dioxide, nitrogen oxides, sulfur dioxide, and other emissions and discharges, Illinois emission standards, cooling water intake structures, coal combustion residuals, energy efficiency, and wildlife protection, that could limit, terminate or otherwise modify 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;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 programs;labor disputes, workforce reductions, our ability to attract and retain professional and skilled-craft employees, changes in future wage and employee benefits costs, including those resulting from changes in discount rates, mortality tables, medical cost trend rates, 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, creditors, rating agencies, 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 disagreement with those plans, failure to protect sensitive customer information, increases in rates, new data centers entering our service territories, negative media coverage, or concerns about company policies or practices;the impact of adopting new accounting and reporting guidance;the effects of strategic initiatives, including mergers, acquisitions, divestitures, and reorganizations;legal and administrative proceedings;pandemics or other significant global health events, and their impacts on our results of operations, financial position, and liquidity; andthe impacts of global conflicts and related sanctions imposed by the United States and other governments, including potential impacts on the cost and availability of fuel, natural gas, enriched uranium, and other commodities, materials, and services.New factors emerge from time to time, and it is not possible for us to predict all of such factors, nor can we 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,

2026
2025Operating Revenues:



Electric
$      1,661
$      1,622Natural gas
515
475Total operating revenues
2,176
2,097Operating Expenses:



Fuel and purchased power
433
502Natural gas purchased for resale
171
169Other operations and maintenance
491
485Depreciation and amortization
398
367Taxes other than income taxes
151
144Total operating expenses
1,644
1,667Operating Income
532
430Other Income, Net
90
85Interest Charges
204
175Income Before Income Taxes
418
340Income Taxes
60
50Net Income
358
290Less: Net Income Attributable to Noncontrolling Interests
1
1Net Income Attributable to Ameren Common Shareholders
$         357
$         289




Earnings per Common Share - Basic
$        1.29
$        1.07




Earnings per Common Share – Diluted
$        1.28
$        1.07




Weighted-average Common Shares Outstanding – Basic
276.5
270.0Weighted-average Common Shares Outstanding – Diluted
278.4
271.4 AMEREN CORPORATION (AEE)CONSOLIDATED BALANCE SHEET(Unaudited, in millions)

March 31,
2026
December 31,
2025ASSETS


Current Assets:


Cash and cash equivalents$              13
$              13Accounts receivable - trade (less allowance for doubtful accounts)703
665Unbilled revenue298
415Miscellaneous accounts receivable175
107Inventories733
774Current regulatory assets434
387Other current assets211
210Total current assets2,567
2,571Property, Plant, and Equipment, Net40,471
39,313Investments and Other Assets:


Nuclear decommissioning trust fund1,478
1,526Goodwill411
411Regulatory assets2,674
2,524Pension and other postretirement benefits991
977Other assets1,254
1,154Total investments and other assets6,808
6,592TOTAL ASSETS$       49,846
$       48,476LIABILITIES AND EQUITY


Current Liabilities:


Current maturities of long-term debt$         1,123
$            973Short-term debt1,178
643Accounts and wages payable733
1,254Interest accrued179
229Customer deposits239
238Other current liabilities674
570Total current liabilities4,126
3,907Long-term Debt, Net19,003
18,214Deferred Credits and Other Liabilities:


Accumulated deferred income taxes and tax credits, net5,311
5,181Regulatory liabilities6,251
6,255Asset retirement obligations864
849Other deferred credits and liabilities606
540Total deferred credits and other liabilities13,032
12,825Shareholders' Equity:


Common stock3
3Other paid-in capital, principally premium on common stock8,114
8,106Retained earnings5,441
5,292Accumulated other comprehensive loss(2)
—Total shareholders' equity13,556
13,401Noncontrolling Interests129
129Total equity13,685
13,530TOTAL LIABILITIES AND EQUITY$       49,846
$       48,476 AMEREN CORPORATION (AEE)CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS(Unaudited, in millions)

Three Months Ended
March 31,
2026
2025Cash Flows From Operating Activities:


Net income $           358
$           290Adjustments to reconcile net income to net cash provided by operating activities:


Depreciation and amortization417
395Amortization of nuclear fuel21
20Amortization of debt issuance costs and premium/discounts5
5Deferred income taxes and tax credits, net56
116Allowance for equity funds used during construction(31)
(16)Stock-based compensation costs8
7Other9
7Changes in assets and liabilities(422)
(393)Net cash provided by operating activities421
431Cash Flows From Investing Activities:


Capital expenditures(1,574)
(1,064)Nuclear fuel expenditures(22)
(18)Purchases of securities – nuclear decommissioning trust fund(87)
(107)Sales and maturities of securities – nuclear decommissioning trust fund76
93Other(7)
9Net cash used in investing activities(1,614)
(1,087)Cash Flows From Financing Activities:


Dividends on common stock(208)
(191)Dividends paid to noncontrolling interest holders(1)
(1)Short-term debt, net534
108Maturities of long-term debt(350)
(300)Issuances of long-term debt1,297
1,099Issuances of common stock12
13Employee payroll taxes related to stock-based compensation(14)
(13)Debt issuance costs(12)
(11)Net cash provided by financing activities1,258
704Net change in cash, cash equivalents, and restricted cash65
48Cash, cash equivalents, and restricted cash at beginning of year(a)420
328Cash, cash equivalents, and restricted cash at end of period(b)$           485
$           376(a)Includes $13 million of cash and cash equivalents and $407 million of restricted cash as of December 31, 2025.(b)Includes $13 million of cash and cash equivalents and $472 million of restricted cash as of March 31, 2026. AMEREN CORPORATION (AEE)OPERATING STATISTICS

Three Months Ended
March 31,
2026
2025Electric Sales - kilowatthours (in millions):


Ameren Missouri


Residential3,596
3,864Commercial3,366
3,367Industrial954
959Street lighting and public authority16
17Ameren Missouri retail load subtotal7,932
8,207Off-system1,099
1,214Ameren Missouri total9,031
9,421Ameren Illinois Electric Distribution


Residential2,805
2,973Commercial2,710
2,820Industrial2,406
2,491Street lighting and public authority100
103Ameren Illinois Electric Distribution total8,021
8,387Ameren Total17,052
17,808Electric Revenues (in millions):


Ameren Missouri


Residential$           399
$           376Commercial302
273Industrial72
66Other, including street lighting and public authority36
(2)Ameren Missouri retail load subtotal$           809
$           713Off-system sales and capacity42
180Ameren Missouri total$           851
$           893Ameren Illinois Electric Distribution


Residential$           349
$           342Commercial195
180Industrial55
50Other, including street lighting and public authority44
—Ameren Illinois Electric Distribution total$           643
$           572Ameren Transmission


Ameren Illinois Transmission(a)$           164
$           154       ATXI63
57Eliminate affiliate revenues—
(1)Ameren Transmission total$           227
$           210Other and intersegment eliminations(a)(60)
(53)Ameren Total$        1,661
$        1,622(a)Includes $44 million and $37 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,
2026
2025Gas Sales - dekatherms (in millions):


Ameren Missouri8
9Ameren Illinois Natural Gas62
65Ameren Total70
74Gas Revenues (in millions):


Ameren Missouri$             79
$             64Ameren Illinois Natural Gas436
411Ameren Total$           515
$           475
March 31,
December 31,
2026
2025Common Stock:


Shares outstanding (in millions)276.7
276.4Book value per share$        48.99
$        48.48  View original content to download multimedia:https://www.prnewswire.com/news-releases/ameren-announces-first-quarter-2026-results-302763238.htmlSOURCE Ameren Corporation Original: Ameren Announces First Quarter 2026 Results

Ameren Corporation First Quarter 2026 Earnings Webcast set for May 6, 2026April 15, 2026 4:36 PM
PR Newswire (US)

ST. LOUIS, April 15, 2026 /PRNewswire/ -- Martin J. Lyons Jr., chairman, president and CEO of Ameren Corp. (NYSE: AEE) and Leonard P. Singh, executive vice president and CFO of Ameren Corp., will discuss First Quarter 2026 earnings, earnings guidance and other matters in a conference call with financial analysts at 9 a.m. Central time (10 a.m. Eastern time) on Wednesday, May 6. 







The call will be broadcast live over the internet on AmerenInvestors.com. Supporting materials for the call will be posted in the "Investors" section of this website under "Events and Presentations." A replay of the webcast will be available for one year beginning approximately one hour after the close of the call. About Ameren Corporation
St. Louis-based Ameren Corporation powers the quality of life for 2.5 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 services, 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 at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/ameren-corporation-first-quarter-2026-earnings-webcast-set-for-may-6-2026-302743749.htmlSOURCE Ameren Corporation

Original: Ameren Corporation First Quarter 2026 Earnings Webcast set for May 6, 2026

Ameren Announces Pricing of Senior Notes due 2036February 26, 2026 5:48 PM
PR Newswire (US)

ST. LOUIS, Feb. 26, 2026 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) announced today the pricing of a public offering of $400 million aggregate principal amount of 5.00% senior notes due 2036 at 99.802% of their principal amount. The transaction is expected to close on March 4, 2026, subject to the satisfaction of customary closing conditions.







Ameren intends to use the net proceeds of the offering for general corporate purposes, including to repay a portion of its short-term debt, including short-term debt incurred to refinance Ameren's 3.65% senior notes due 2026 upon maturity.BNY Mellon Capital Markets, LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.The offering is being made only by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. Copies of the prospectus and related prospectus supplement for the offering, when available, may be obtained via the Securities and Exchange Commission's website at www.sec.gov or by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com. This press release does not constitute an offer to sell or a solicitation of an offer to buy the senior notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale is unlawful. About Ameren
St. Louis-based Ameren Corporation powers the quality of life for 2.5 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.



View original content to download multimedia:https://www.prnewswire.com/news-releases/ameren-announces-pricing-of-senior-notes-due-2036-302699081.htmlSOURCE Ameren Corporation

Original: Ameren Announces Pricing of Senior Notes due 2036

Ameren Missouri Announces Pricing of First Mortgage Bonds due 2036 and First Mortgage Bonds due 2056February 23, 2026 6:18 PM
PR Newswire (US)

ST. LOUIS, Feb. 23, 2026 /PRNewswire/ -- Union Electric Company, doing business as Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), announced today the pricing of a public offering of $450 million aggregate principal amount of 4.80% first mortgage bonds due 2036 at 99.926% of their principal amount and $450 million aggregate principal amount of 5.55% first mortgage bonds due 2056 at 99.619% of their principal amount. The transaction is expected to close on February 27, 2026, subject to the satisfaction of customary closing conditions.







Ameren Missouri intends to use the net proceeds of the offering to refinance short-term debt and/or fund near-term capital expenditures.Barclays Capital Inc., BofA Securities, Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.The offering is being made only by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. Copies of the prospectus and related prospectus supplement for the offering, when available, may be obtained via the Securities and Exchange Commission's website at www.sec.gov or by contacting MUFG Securities Americas Inc., 1221 Avenue of the Americas, 6th Floor, New York, New York 10020, Attention: Capital Markets Group, Telephone: 1-877-649-6848.This press release does not constitute an offer to sell or a solicitation of an offer to buy the first mortgage bonds and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale is unlawful. About Ameren Missouri
Ameren Missouri has been providing electric and gas service for more than 100 years, and the company's electric rates are among the lowest in the nation. Ameren Missouri's mission is to power the quality of life for its approximately 1.3 million electric and 135,000 natural gas customers in central and eastern Missouri. The company's service area covers approximately 60 counties and more than 500 communities, including the greater St. Louis area.



View original content to download multimedia:https://www.prnewswire.com/news-releases/ameren-missouri-announces-pricing-of-first-mortgage-bonds-due-2036-and-first-mortgage-bonds-due-2056-302695099.htmlSOURCE Ameren Missouri

Original: Ameren Missouri Announces Pricing of First Mortgage Bonds due 2036 and First Mortgage Bonds due 2056

Ameren Missouri is building a stronger grid and delivering reliability for customersFebruary 12, 2026 7:00 AM
PR Newswire (US)

Smart Energy Plan upgrades helped limit severe weather impacts and speed restoration during historic 2025 storm seasonST. LOUIS, Feb. 12, 2026 /PRNewswire/ -- Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), has filed its updated Smart Energy Plan with the Missouri Public Service Commission. The filing highlights how Missourians are benefiting from the company's investments in customer reliability and outlines a five-year strategy to advance a stronger, more resilient electric grid. In 2025, upgrades deployed through the Smart Energy Plan automatically prevented 160,000 customer outages during major storms.







"Our strategic grid upgrades through the Smart Energy Plan are focused on delivering enhanced reliability and value for customers," said Michael Moehn, group president, Ameren Utilities of Ameren Corporation. "We're committed to making investments that bolster the grid and protect families and businesses from outages."Critical Local Projects Benefit CustomersThe Smart Energy Plan provides direct customer benefits by enabling Ameren Missouri to upgrade aging foundational grid infrastructure, including poles, wires and substations. These improvements support greater resilience against extreme weather and faster restoration during outages."The benefits of these upgrades can be immediate and impactful, as we saw during major storm events in 2025," said Tim Lafser, senior vice president, energy delivery and operations technical services at Ameren Missouri. "For example, when a dozen tornados touched down in our region on March 14, our investments automatically prevented 59,000 outages while our crews worked tirelessly to restore all affected customers."Smart Energy Plan investments through 2025 include:Outage Prevention: More than 2,000 smart switches now monitor the grid 24/7, automatically isolating outages and rerouting power. These devices have prevented more than 330,000 customer outages over the past five years.Storm Hardening: Ameren Missouri added 850 composite poles in 2025. These are stronger than wooden poles and help speed restoration by preventing cascading damage to overhead lines. The company has storm-hardened more than 300 miles of power lines across Missouri since the start of the Smart Energy Plan.Substation Upgrades: Nearly 150 substations have been modernized through the Smart Energy Plan, including upgrades to some of the company's oldest equipment to improve reliability and increase capacity.Powering Reliability
Ameren Missouri is also investing in a reliable and balanced mix of energy resources to power needs of all our customers now and in the future. This approach includes building new generation facilities and upgrading existing assets."Developing a diverse portfolio of dependable, on-demand power along with lowest-cost renewables and battery storage is critical to meeting our customers' needs," said Ajay Arora, senior vice president and chief development officer for Ameren Missouri. "This approach provides excellent value for our customers and ensures reliability, regardless of weather conditions or time of day."In 2025, the company carried out more than 100 projects to support upgrades to its existing generation fleet. Investments in reliable generation through the Smart Energy Plan include:Construction began at the site of Castle Bluff Energy Center, a quick-start, 800-megawatt (MW) natural gas facility designed to support the grid during times of high demand or when renewable assets are unavailable.Added 50 MW of new power to the grid with the commissioning of the Vandalia Renewable Energy Center. An additional 350 MW of generation capacity is expected to be placed in service for the benefit of customers in 2026.Replacement of two 90-year-old turbines at Osage Energy Center to improve the efficiency of hydroelectric generation at Bagnell Dam.Driving Economic Growth
Reliable, resilient infrastructure is an essential need for businesses considering moving to or expanding in Missouri. By supporting reliability upgrades for all customers, the Smart Energy Plan is also fostering ideal conditions for businesses to thrive in the Show-Me State.In 2025, 35 businesses announced plans to move to or expand in our service territory, resulting in more than $1.5 billion in planned capital investment and creating more than 2,200 new Missouri jobs.Some of those businesses include: Amazon, one of the world's largest retail companies, opened a new last-mile delivery station in Scott City, Missouri. This $15 million investment will create 70 new jobs for the area. Smart Energy Plan upgrades in the area are supporting this new facility and greater reliability for 4,500 other residents and businesses in the Scott City area.WEG Transformers USA, a leading producer of transformers, is expanding in Washington, Missouri, investing $77 million and creating 50 new jobs. The company is a major supplier of power transformers for Smart Energy Plan projects.IKO, a global leader in roofing and waterproofing manufacturing, is investing more than $120 million in a new facility and creating more than 50 new jobs in Bismarck, Missouri.Ameren is working to keep costs as low as possible, which is why Ameren Missouri's rates are consistently among the lowest in the nation and remain approximately 27% below Midwest and national averages, according to the latest analysis from the Edison Electric Institute.About Ameren Missouri
Ameren Missouri has been providing electric and gas service for more than 100 years, and the company's electric rates are among the lowest in the nation. Ameren Missouri's mission is to power the quality of life for its approximately 1.3 million electric and 135,000 natural gas customers in central and eastern Missouri. The company's service area covers approximately 60 counties and more than 500 communities, including the greater St. Louis area. For more information, visit Ameren.com/Missouri or follow us at @AmerenMissouri or Facebook.com/AmerenMissouri. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/ameren-missouri-is-building-a-stronger-grid-and-delivering-reliability-for-customers-302686339.htmlSOURCE Ameren Missouri

Original: Ameren Missouri is building a stronger grid and delivering reliability for customers

Missouri approves first-of-its kind resource to boost energy reliabilityFebruary 11, 2026 6:05 PM
PR Newswire (US)

Key Takeaways:The Big Hollow Energy Center introduces Missouri's first integrated natural gas and battery storage facility, enhancing statewide energy reliability for homes, businesses, and industry.Featuring an 800-megawatt natural gas plant paired with a 400-megawatt lithium-ion battery system, the project delivers rapid-response backup power during periods of high demand.This innovative, hybrid approach supports grid stability while advancing Ameren Missouri's commitment to reliable service while efficiently meeting customers' increased energy needs.ST. LOUIS, Feb. 11, 2026 /PRNewswire/ -- Today, Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), received approval from the Missouri Public Service Commission to move forward with the Big Hollow Energy Center, a new hybrid energy facility designed to strengthen energy reliability for all customers across Missouri, including residential, small business and industrial customers.







The approval authorizes construction of an 800-megawatt (MW) simple-cycle natural gas energy center paired with the state's first large-scale battery storage facility at a single site in Jefferson County, Missouri. The Big Hollow Energy Center will be integrated into Ameren Missouri's statewide generation and will support reliable electric service for customers throughout the company's service territory."Today's decision allows us to advance an investment that supports reliability for all of our customers," said Michael Moehn, group president, Ameren Utilities of Ameren Corporation. "Big Hollow will be part of the generation system that serves homes, businesses and communities across Missouri, helping ensure we can meet growing demand while keeping the grid dependable for everyone."With regulatory approval in place, the Big Hollow Energy Center is expected to be ready to serve customers beginning in 2028. Like the Castle Bluff Energy Center, the natural gas portion of Big Hollow will be designed to deliver energy during the coldest winter days, hottest summer afternoons and other periods of peak demand, while also backing up the grid when renewable energy generation is otherwise unavailable.Co-located at the site will be Ameren Missouri's first large-scale lithium-ion battery installation. The planned 400-MW battery storage facility will be a fast-acting resource capable of responding within moments to support customers' energy needs. Fully charged, the batteries could power thousands of homes for hours and help strengthen overall grid reliability, particularly during times of peak energy demand. Ameren Missouri plans to add 1,000 MW of battery storage by 2030 and a total of 1,800 MW across multiple sites by 2042.The natural gas generation and battery storage facilities will operate independently while leveraging existing energy infrastructure Ameren Missouri already owns, reducing construction time and cost to customers."Big Hollow adds flexibility and resilience to the energy system that serves customers across Missouri," said Ajay Arora, senior vice president and chief development officer at Ameren Missouri. "By combining fast-starting natural gas generation with battery storage, the project helps ensure reliable service for homes and businesses during periods of peak demand and changing system conditions."About Ameren Corporation
St. Louis-based Ameren Corporation powers the quality of life for 2.5 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 services, 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 at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/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 Missouri's Annual Report on Form 10-K for the year ended December 31, 2024, 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;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 returns on equity, within frameworks established by our regulators, while maintaining affordability of services for our customers;the effect on Ameren Missouri of any customer rate caps or limitations on increasing the electric service revenue requirement pursuant to Ameren Missouri's election to use the plant-in-service accounting regulatory mechanism;Ameren Missouri's ability to construct and/or acquire battery storage, as well as natural gas-fired 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, preferred resource plan, or emissions reduction goals, and to recover its cost of investment, a related return, and, in the case of customer energy-efficiency programs, any lost electric revenues in a timely manner, each of which is affected by the ability to obtain all necessary regulatory and project approvals, including certificates of convenience and necessity from the Missouri Public Service Commission or any other required approvals;our ability to realize and support forecasted energy demand and capacity from new and potential new customers, including demand growth dependent on the addition of new data centers and other large primary service customers within our service territories;the effects on energy prices and demand for our services resulting from customer growth patterns or usage, including demand from data centers, 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 increasingly cost-competitive;the cost of battery storage technologies and our ability to obtain timely interconnection agreements with the Midcontinent Independent System Operator, Inc. or other regional transmission organizations at an acceptable cost for each facility;the presidential administration's change in federal domestic energy policy to support investment in fossil fuel infrastructure and the effect it has on Ameren Missouri's ability to construct and/or acquire battery storage;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 supply chain disruptions;advancements in energy technologies, including carbon capture, utilization, and sequestration, hydrogen fuel for electric production and energy storage, next generation nuclear, and large-scale long-cycle battery energy storage, and the impact of federal and state energy and economic policies with respect to those technologies;the effects of changes in federal, state, or local laws and other domestic or international governmental actions, including monetary, fiscal, foreign trade, and energy policies, foreign trade tariffs, executive orders, geopolitical developments, or extended federal government shutdowns or defunding;the effects of changes in federal, state, or local tax laws or rates; additional regulations, interpretations, amendments, or technical corrections to, or in connection with the One Big Beautiful Bill Act (OBBBA) and the Inflation Reduction Act of 2022 ("IRA"), including the effects of the OBBBA as it relates to construction timelines of solar and wind projects along with the ability to obtain materials for these projects to be eligible for federal production and investment tax credits, and the effects of the IRA as it relates to the 15% minimum tax on adjusted financial statement income; and any challenges to the tax positions taken by us, as well as resulting effects on customer rates and the recoverability of the minimum tax imposed under the IRA;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;the effectiveness of our risk management strategies and our use of financial and derivative instruments;the impact of cyberattacks and data security risks on us, our suppliers, or other entities on the grid, including those arising from generative or agentic artificial intelligence, 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;acts of sabotage, which have increased in frequency and severity within the utility industry, war, terrorism, or other intentionally disruptive acts;business, economic, geopolitical, and capital market conditions, including foreign trade tariffs or trade wars, evolving federal regulatory priorities, and the impact of such conditions on interest rates, inflation, commodity prices, and investments;the impact of inflation or a recession on our customers and suppliers and the related impact on our results of operations, financial position, and liquidity;disruptions of the capital and credit 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, and our ability to access the capital and credit markets on reasonable terms when needed;the actions of credit rating agencies and the effects of such actions;the impact of weather conditions and other natural conditions on us, including the impact of system outages;the construction, installation, performance, and cost recovery of generation, transmission, and distribution assets;the ability to maintain system reliability by Ameren Missouri and the electric utility industry, as well as Ameren Missouri's ability to meet existing or future generation capacity and power obligations;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 impact of current environmental laws or their interpretation and new, more stringent, or changing requirements and environmental policies, including those related to New Source Review provisions of the Clean Air Act, carbon dioxide, nitrogen oxides, sulfur dioxide, and other emissions and discharges, cooling water intake structures, coal combustion residuals, energy efficiency, and wildlife protection, that could limit, terminate or otherwise modify 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;labor disputes, workforce reductions, our ability to attract and retain professional and skilled-craft employees, 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, creditors, rating agencies, 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 company policies or practices;the impact of adopting new accounting and reporting guidance;the effects of strategic initiatives, including mergers, acquisitions, divestitures, and reorganizations;legal and administrative proceedings;pandemics or other significant global health events, and their impacts on our results of operations, financial position, and liquidity; andthe impacts of global conflicts and related sanctions imposed by the United States and other governments, including potential impacts on the cost and availability of fuel, natural gas, enriched uranium, and other commodities, materials, and services.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.



View original content to download multimedia:https://www.prnewswire.com/news-releases/missouri-approves-first-of-its-kind-resource-to-boost-energy-reliability-302685745.htmlSOURCE Ameren Missouri

Original: Missouri approves first-of-its kind resource to boost energy reliability

Ameren Announces 2025 Results, Affirms Guidance for 2026 Earnings and Issues Long-Term Growth GuidanceFebruary 11, 2026 4:30 PM
PR Newswire (US)

2025 GAAP Diluted Earnings Per Share (EPS) were $5.35 vs. $4.42 in 20242025 Adjusted (Non-GAAP) EPS were $5.03 vs. $4.63 in 2024Earnings Guidance Range for 2026 Affirmed at $5.25 to $5.45 per Diluted ShareEPS Compound Annual Growth Rate Guidance of 6% to 8% issued for 2026 through 2030, using 2026 Guidance Midpoint as BaseST. LOUIS, Feb. 11, 2026 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) today announced 2025 net income attributable to common shareholders in accordance with generally accepted accounting principles (GAAP) of $1,456 million, or $5.35 per diluted share, compared to 2024 net income attributable to common shareholders of $1,182 million, or $4.42 per diluted share. Excluding certain 2025 tax benefits and 2024 charges discussed below, Ameren recorded 2025 adjusted net income attributable to common shareholders of $1,370 million, or $5.03 per diluted share, compared to 2024 adjusted net income attributable to common shareholders of $1,237 million, or $4.63 per diluted share.







Adjusted earnings results for 2025 reflect strong execution of the company's strategy and solid operating performance. Higher earnings were primarily the result of increased earnings on infrastructure investments, new electric service rates and higher electric retail sales at Ameren Missouri, the latter driven primarily by favorable weather in 2025. These positive factors were partially offset by increased interest expense at Ameren Missouri and Ameren Parent and higher energy center and tree trimming expenditures that drove higher operations and maintenance expenses at Ameren Missouri. Finally, the earnings comparison also reflected higher weighted-average basic common shares outstanding in 2025."Our steadfast focus remains on the customers and communities we serve," said Martin J. Lyons Jr., chairman, president and chief executive officer of Ameren Corporation. "Customers depend on us to bring them reliable, resilient energy while keeping their bills as low as possible. A disciplined and strategic approach to investing in our electric and natural gas infrastructure to bolster reliability and facilitate growth in our communities is more important than ever."Ameren recorded GAAP net income attributable to common shareholders for the three months ended December 31, 2025, of $252 million, or 92 cents per diluted share, compared to GAAP and adjusted net income attributable to common shareholders of $207 million, or 77 cents per diluted share, for the same period in 2024. Excluding certain fourth quarter 2025 tax benefits, Ameren recorded 2025 adjusted net income for the three months ended December 31, 2025, of $214 million, or 78 cents per diluted share.The year-over-year fourth quarter earnings comparison reflected increased earnings on infrastructure investments, new electric service rates and higher electric retail sales at Ameren Missouri, the latter due to colder winter weather in the fourth quarter of 2025. These positive factors were partially offset by higher interest expense at Ameren Missouri and Ameren Parent and higher operations and maintenance expense at Ameren Missouri. Finally, the earnings comparison also reflected higher weighted-average basic common shares outstanding in the fourth quarter of 2025.As reflected in the table below, the following items were excluded from 2025 and 2024 adjusted earnings:



Three Months Ended Dec. 31, Year Ended        Dec. 31,
2025202420252024GAAP Earnings / EPS$   252$    0.92$   207$  0.77$ 1,456$    5.35$ 1,182$ 4.42Charge for additional mitigation relief
related to Rush Island Energy Center$     —$       —$     —$     —$      —$       —$      59$ 0.22Less: Federal income tax benefit——————(14)(0.05)  Charge, net of tax benefit$     —$       —$     —$     —$      —$       —$      45$ 0.17Charge for customer refunds from FERC
order on MISO's allowed base ROE$     —$       —$     —$     —$      —$       —$      12$ 0.05Less: Federal income tax benefit——————(2)(0.01)  Charge, net of tax benefit$     —$       —$     —$     —$      —$       —$      10$ 0.04Tax benefit from FERC and ICC orders on
net operating loss carryforwards$   (38)$  (0.14)$     —$     —$    (86)$  (0.32)$      —$    —Adjusted Earnings / EPS$   214$    0.78$   207$  0.77$ 1,370$    5.03$ 1,237$ 4.63Earnings and Rate Base GuidanceToday, Ameren affirmed its 2026 earnings guidance range of $5.25 to $5.45 per diluted share. Ameren expects EPS to grow at a 6% to 8% compound annual rate from 2026 through 2030, using the 2026 guidance range midpoint of $5.35 per share as the base. Ameren's multi-year earnings growth is expected to be driven by $31.8 billion of infrastructure investments underpinning projected rate base growth of approximately 10.6% compounded annually from 2025 through 2030."We remain focused on execution of our strategy, which includes making meaningful investments to expand and strengthen the energy grid safely and affordably. The investments are expected to deliver superior value for our customers, the communities we serve, and our shareholders," Lyons said.Ameren's earnings guidance for 2026 and multi-year earnings growth expectations assume normal temperatures and are subject to the effects of, among other things: regulatory, judicial and legislative actions; energy center and energy distribution operations; energy, economic, capital and credit market conditions; customer usage; severe storms; market returns on company-owned life insurance investments; unusual or otherwise unexpected gains or losses; and other risks and uncertainties outlined, or referred to, in the Forward-looking Statements section of this release.Ameren Missouri Segment ResultsAmeren Missouri 2025 GAAP and adjusted earnings were $747 million, compared to 2024 GAAP and adjusted earnings of $559 million and $604 million, respectively. Adjusted earnings in 2024 excluded the above-described charge related to settlement of the Rush Island Energy Center New Source Review and Clean Air Act proceeding. The year-over-year adjusted earnings increase reflected earnings on increased infrastructure investments, new electric service rates effective June 1, 2025, and higher electric retail sales driven primarily by colder winter and warmer July weather in 2025. These positive factors were partially offset by higher interest expense and higher operations and maintenance expenses in 2025, the latter driven primarily by higher energy center and tree trimming expenditures.Ameren Transmission Segment ResultsAmeren Transmission 2025 GAAP and adjusted earnings were $415 million and $367 million, respectively, compared to 2024 GAAP and adjusted earnings of $323 million and $333 million, respectively.  Adjusted earnings in 2025 excluded the above-described tax benefit related to a Federal Energy Regulatory Commission (FERC) order on accounting treatment of net operating loss carryforwards. Adjusted earnings in 2024 excluded the above-described charges for customer refunds from a FERC order on the Midcontinent Independent System Operator's (MISO) allowed base return on equity (ROE). The year-over-year adjusted earnings increase reflected earnings on increased infrastructure investments in 2025.Ameren Illinois Electric Distribution Segment ResultsAmeren Illinois Electric Distribution 2025 GAAP and adjusted earnings were $281 million and $256 million, respectively, compared to 2024 GAAP and adjusted earnings of $234 million. Adjusted earnings in 2025 excluded the above-described tax benefit related to an Illinois Commerce Commission (ICC) order on accounting treatment of net operating loss carryforwards. The year-over-year adjusted earnings increase reflected earnings on increased infrastructure investments in 2025.Ameren Illinois Natural Gas Segment ResultsAmeren Illinois Natural Gas 2025 GAAP and adjusted earnings were $158 million and $145 million, respectively, compared to 2024 GAAP and adjusted earnings of $149 million. Adjusted earnings in 2025 excluded the above-described tax benefit related to an ICC order on accounting treatment of net operating loss carryforwards.Ameren Parent Results (includes items not reported in a business segment)Ameren Parent's 2025 GAAP and adjusted loss was $145 million, compared to a 2024 GAAP and adjusted loss of $83 million. The year-over-year comparison primarily reflected higher interest expense in 2025.Analyst Conference CallAmeren will conduct a conference call for financial analysts at 9 a.m. Central Time on Thursday, February 12th to discuss 2025 earnings, 2026 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 "Q4 2025 Earnings Conference Call," where an accompanying slide presentation will also be available. The conference call will be archived in the "Investors" section of the website under "Quarterly Earnings."About AmerenSt. Louis-based Ameren Corporation powers the quality of life for 2.5 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 at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren.Forward-looking StatementsStatements 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, 2024, 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 appeals filed by Ameren Illinois to the Illinois Appellate Court for the Fifth Judicial District related to ICC orders issued in December 2023, June 2024, and December 2024 in the Multi-Year Rate Plan (MYRP) electric distribution service regulatory rate review, Ameren Illinois' January 2026 appeal of the November 2025 ICC order issued in the 2025 natural gas delivery service rate review, Ameren Illinois' 2020 qualifying infrastructure plant reconciliation hearing, and the January and April 2025 appeals of FERC's October 2024 and March 2025 orders by the MISO transmission owners, including Ameren Missouri, Ameren Illinois, and Ameren Transmission Company of Illinois;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 ROE, within frameworks established by our regulators, while maintaining affordability of services for our customers;the effect and duration of Ameren Illinois' election to utilize MYRPs for electric distribution service ratemaking effective for rates beginning in 2024, including the effect of the reconciliation cap on the electric distribution revenue requirement;the effect of Ameren Illinois' use of the performance-based formula ratemaking framework for 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 for energy-efficiency revenue requirements through 2026;the effect on Ameren Missouri of any customer rate caps or limitations on increasing the electric service revenue requirement pursuant to Ameren Missouri's election to use the plant-in-service accounting regulatory mechanism;Ameren Missouri's ability to construct and/or acquire wind, solar, and other renewable energy generation facilities and battery storage, as well as natural gas-fired and nuclear energy centers, extend the operating license for the Callaway Energy Center, retire fossil fuel-fired 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, preferred resource plan, or emissions reduction goals, and to recover its cost of investment, a related return, and, in the case of customer energy-efficiency programs, any lost electric revenues in a timely manner, each of which is affected by the ability to obtain all necessary regulatory and project approvals, including certificates of convenience and necessity (CCN) from the MoPSC or any other required approvals;our ability to realize and support forecasted energy demand and capacity from new and potential new customers, including demand growth dependent on the addition of new data centers and other large primary service customers within our service territories;the effects on energy prices and demand for our services resulting from customer growth patterns or usage, including demand from data centers, 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 increasingly cost-competitive;Ameren Missouri's ability to earn, utilize, or transfer at a reasonable price federal production and investment tax credits related to renewable energy projects and nuclear energy production; the cost of wind, solar, and other renewable generation and battery 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;the presidential administration's change in federal domestic energy policy to support investment in fossil fuel infrastructure and the effect it has on Ameren Missouri's ability to construct and/or acquire renewable energy generation facilities and battery storage;the outcome of the MISO long-range transmission planning process, including potential changes to planned projects, the ability to obtain competitively bid or assigned projects and related approvals, including CCNs from the MoPSC and ICC or any other required approvals, and changes in applicable legislative or regulatory frameworks;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 supply chain disruptions;advancements in energy technologies, including carbon capture, utilization, and sequestration, hydrogen fuel for electric production and energy storage, next generation nuclear, and large-scale long-cycle battery energy storage, and the impact of federal and state energy and economic policies with respect to those technologies;the effects of changes in federal, state, or local laws and other domestic or international governmental actions, including monetary, fiscal, foreign trade, and energy policies, foreign trade tariffs, executive orders, geopolitical developments, or extended federal government shutdowns or defunding;the effects of changes in federal, state, or local tax laws or rates; additional regulations, interpretations, amendments, or technical corrections to, or in connection with the One Big Beautiful Bill Act (OBBBA) and the Inflation Reduction Act of 2022 (IRA), including the effects of the OBBBA as it relates to construction timelines of solar and wind projects along with the ability to obtain materials for these projects to be eligible for federal production and investment tax credits, and the effects of the IRA as it relates to the 15% minimum tax on adjusted financial statement income; and any challenges to the tax positions we have taken, as well as resulting effects on customer rates and the recoverability of the minimum tax imposed under the IRA;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 natural gas for distribution and the cost and availability of purchased power, including capacity, zero emission credits, renewable energy credits, and emission allowances; 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 primarily from the one Nuclear Regulatory Commission-licensed supplier of assemblies for Ameren Missouri's Callaway Energy Center;the cost and availability of transmission capacity required for the energy generated by Ameren Missouri's energy centers or as required to satisfy our 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 and data security risks on us, our suppliers, or other entities on the grid, including those arising from generative or agentic artificial intelligence, 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;acts of sabotage, which have increased in frequency and severity within the utility industry, war, terrorism, or other intentionally disruptive acts;business, economic, geopolitical, and capital market conditions, including foreign trade tariffs or trade wars, evolving federal regulatory priorities, and the impact of such conditions on interest rates, inflation, commodity prices, and investments;the impact of inflation or a recession on our customers and suppliers and the related impact on our results of operations, financial position, and liquidity;disruptions of the capital and credit 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, and our ability to access the capital and credit markets on reasonable terms when needed;the actions of credit rating agencies and the effects of such actions;the impact of weather conditions and other natural conditions 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 ability to maintain system reliability by Ameren Missouri and the electric utility industry, as well as Ameren Missouri's ability to meet existing or future generation capacity and power obligations;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 or their interpretation and new, more stringent, or changing requirements and environmental policies, including those related to the New Source Review provisions of the Clean Air Act, carbon dioxide, nitrogen oxides, sulfur dioxide, and other emissions and discharges, Illinois emission standards, cooling water intake structures, coal combustion residuals, energy efficiency, and wildlife protection, that could limit, terminate or otherwise modify 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;the effectiveness of Ameren Missouri's customer energy-efficiency programs and the related revenues and performance incentives earned under its MEEIA programs;labor disputes, workforce reductions, our ability to attract and retain professional and skilled-craft employees, 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, creditors, rating agencies, 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 company policies or practices;the impact of adopting new accounting and reporting guidance;the effects of strategic initiatives, including mergers, acquisitions, divestitures, and reorganizations;legal and administrative proceedings;pandemics or other significant global health events, and their impacts on our results of operations, financial position, and liquidity; andthe impacts of global conflicts and related sanctions imposed by the United States and other governments, including potential impacts on the cost and availability of fuel, natural gas, enriched uranium, and other commodities, materials, and services.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
December 31,
Year Ended
December 31,
2025
2024
2025
2024Operating Revenues:






Electric$      1,445
$      1,620
$     7,668
$      6,540Natural gas337
321
1,131
1,083Total operating revenues1,782
1,941
8,799
7,623Operating Expenses:






Fuel and purchased power242
527
2,306
1,681Natural gas purchased for resale115
106
348
320Other operations and maintenance527
514
1,974
1,969Depreciation and amortization400
465
1,568
1,590Taxes other than income taxes138
131
577
547Total operating expenses1,422
1,743
6,773
6,107Operating Income360
198
2,026
1,516Other Income, Net90
124
347
417Interest Charges206
171
776
663Income Before Income Taxes244
151
1,597
1,270Income Taxes (Benefit)(9)
(57)
136
83Net Income253
208
1,461
1,187Less: Net Income Attributable to Noncontrolling Interests 1
1
5
5Net Income Attributable to Ameren Common Shareholders$         252
$         207
$     1,456
$      1,182







Earnings per Common Share – Basic$        0.93
$        0.77
$       5.38
$        4.43







Earnings per Common Share – Diluted$        0.92
$        0.77
$       5.35
$        4.42







Weighted-average Common Shares Outstanding – Basic271.5
267.4
270.5
266.8Weighted-average Common Shares Outstanding – Diluted273.7
268.9
272.2
267.4 AMEREN CORPORATION (AEE)CONSOLIDATED BALANCE SHEET(Unaudited, in millions)

December 31,
2025
December 31,
2024ASSETS


Current Assets:


Cash and cash equivalents$                    13
$                    7Accounts receivable - trade (less allowance for doubtful accounts)665
525Unbilled revenue415
346Miscellaneous accounts receivable107
96Inventories774
762Current regulatory assets387
366Other current assets210
162Total current assets2,571
2,264Property, Plant, and Equipment, Net39,313
36,304Investments and Other Assets:


Nuclear decommissioning trust fund1,526
1,342Goodwill411
411Regulatory assets2,524
2,397Pension and other postretirement benefits977
757Other assets1,154
1,123Total investments and other assets6,592
6,030TOTAL ASSETS$             48,476
$           44,598LIABILITIES AND EQUITY


Current Liabilities:


Current maturities of long-term debt$                  973
$                317Short-term debt643
1,143Accounts and wages payable1,254
1,059Interest accrued229
196Customer deposits238
223Other current liabilities570
475Total current liabilities3,907
3,413Long-term Debt, Net18,214
17,262Deferred Credits and Other Liabilities:


Accumulated deferred income taxes and production and investment tax credits, net5,181
4,474Regulatory liabilities6,255
5,897Asset retirement obligations849
822Other deferred credits and liabilities540
487Total deferred credits and other liabilities12,825
11,680Shareholders' Equity:


Common stock3
3Other paid-in capital, principally premium on common stock8,106
7,513Retained earnings5,292
4,604Accumulated other comprehensive loss—
(6)Total shareholders' equity13,401
12,114Noncontrolling Interests129
129Total equity13,530
12,243TOTAL LIABILITIES AND EQUITY$             48,476
$           44,598 AMEREN CORPORATION (AEE)CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS(Unaudited, in millions)

Year Ended December 31,
2025
2024Cash Flows From Operating Activities:


Net income $             1,461
$             1,187Adjustments to reconcile net income to net cash provided by operating activities:


Depreciation and amortization1,612
1,524Amortization of nuclear fuel56
81Amortization of debt issuance costs and premium/discounts19
19Deferred income taxes and production and investment tax credits, net253
127Allowance for equity funds used during construction(88)
(76)Stock-based compensation costs28
28Other63
87Changes in assets and liabilities(51)
(214)Net cash provided by operating activities3,353
2,763Cash Flows From Investing Activities:


Capital expenditures(4,128)
(4,319)Nuclear fuel expenditures(46)
(91)Purchases of securities – nuclear decommissioning trust fund(440)
(584)Sales and maturities of securities – nuclear decommissioning trust fund416
564Other53
(26)Net cash used in investing activities(4,145)
(4,456)Cash Flows From Financing Activities:


Dividends on common stock(768)
(714)Dividends paid to noncontrolling interest holders(5)
(5)Short-term debt, net(499)
607Maturities and extinguishment of long-term debt(341)
(893)Issuances of long-term debt1,960
2,535Issuances of common stock574
273Employee payroll taxes related to stock-based compensation(13)
(8)Debt issuance costs(24)
(31)Other—
(15)Net cash provided by financing activities884
1,749Net change in cash, cash equivalents, and restricted cash92
56Cash, cash equivalents, and restricted cash at beginning of year(a)328
272Cash, cash equivalents, and restricted cash at end of year(b)$                420
$                328(a)Includes $7 million of cash and cash equivalents and $321 million of restricted cash as of December 31, 2024.(b)Includes $13 million of cash and cash equivalents and $407 million of restricted cash as of December 31, 2025. AMEREN CORPORATION (AEE)OPERATING STATISTICS

Three Months Ended
Twelve Months Ended
December 31,
December 31,
2025
2024
2025
2024Electric Sales - kilowatthours (in millions):






Ameren Missouri






Residential3,105
2,933
13,675
13,041Commercial3,294
3,210
13,972
13,620Industrial979
997
4,087
4,096Street lighting and public authority18
18
62
65Ameren Missouri retail load subtotal7,396
7,158
31,796
30,822Off-system sales1,009
648
3,466
4,011Ameren Missouri total8,405
7,806
35,262
34,833Ameren Illinois Electric Distribution






Residential2,759
2,492
11,516
10,945Commercial2,972
2,859
11,755
11,631Industrial2,692
2,679
10,485
10,949Street lighting and public authority99
93
398
386Ameren Illinois Electric Distribution total8,522
8,123
34,154
33,911Ameren total16,927
15,929
69,416
68,744Electric Revenues (in millions):






Ameren Missouri






Residential$                  356
$                  312
$              1,839
$              1,638Commercial296
265
1,450
1,313Industrial73
65
342
311Other, including street lighting and public authority52
49
88
100Ameren Missouri retail load subtotal$                  777
$                  691
$              3,719
$              3,362Off-system sales and capacity(39)
254
912
485Ameren Missouri total$                  738
$                  945
$              4,631
$              3,847Ameren Illinois Electric Distribution






Residential$                  351
$                  307
$              1,483
$              1,254Commercial189
168
785
680Industrial55
48
199
178Other, including street lighting and public authority(40)
(1)
(68)
(23)Ameren Illinois Electric Distribution total$                  555
$                  522
$              2,399
$              2,089Ameren Transmission






Ameren Illinois Transmission(a)$                  155
$                  142
$                 637
$                 564       ATXI49
53
226
218Eliminate affiliate revenues—
—
(1)
(1)Ameren Transmission total$                  204
$                  195
$                 862
$                 781Other and intersegment eliminations(52)
(42)
(224)
(177)Ameren total$               1,445
$               1,620
$              7,668
$              6,540(a)Includes $37 million, $29 million, $160 million, and $119 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
Twelve Months Ended
December 31,
December 31,
2025
2024
2025
2024Gas Sales - dekatherms (in millions):






Ameren Missouri6
5
21
18Ameren Illinois Natural Gas51
48
171
163Ameren total57
53
192
181Gas Revenues (in millions):






Ameren Missouri$                    55
$               43
$                 164
$             146Ameren Illinois Natural Gas282
278
968
938Eliminate affiliate revenues—
—
(1)
(1)Ameren total$                  337
$             321
$              1,131
$          1,083


December 31,
2025


December 31,
2024Common Stock:






Shares outstanding (in millions)

276.4


269.9Book value per share

$          48.48


$          44.88







 



View original content to download multimedia:https://www.prnewswire.com/news-releases/ameren-announces-2025-results-affirms-guidance-for-2026-earnings-and-issues-long-term-growth-guidance-302685673.htmlSOURCE Ameren Corporation

Original: Ameren Announces 2025 Results, Affirms Guidance for 2026 Earnings and Issues Long-Term Growth Guidance

Tim Rausch joins Ameren board of directorsFebruary 9, 2026 4:15 PM
PR Newswire (US)

ST. LOUIS, Feb. 9, 2026 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) announced today that Timothy S. Rausch has been elected to the Ameren board of directors, effective March 1.







Rausch served as executive vice president and chief nuclear officer of Tennessee Valley Authority ("TVA") from October 2018 to July 2025. TVA is a federally owned electric utility corporation serving over 10 million people across the southeastern United States. He previously served as senior vice president and chief nuclear officer of both Talen Energy Corporation from June 2015 to September 2018 and PPL Corporation from June 2009 to June 2015. Earlier in his career, he also held various leadership positions in nuclear generation at Exelon Nuclear Corporation and FirstEnergy Corporation."Tim is a recognized leader in nuclear generation and will bring tremendous value to Ameren's board of directors based on his extensive experience leading high-performing nuclear generation operations at some of the largest electric utilities in the country," said Martin J. Lyons, chairman, president and chief executive officer of Ameren. "Nuclear generation will continue to be an important element of Ameren's diverse generation resource strategy to ensure reliable, resilient and affordable energy for our customers." Rausch earned a Master of Business Administration from Cleveland State University and a Bachelor of Science in nuclear engineering from the University of Cincinnati.About Ameren Corporation
St. Louis-based Ameren Corporation powers the quality of life for 2.5 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 at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren.  










View original content to download multimedia:https://www.prnewswire.com/news-releases/tim-rausch-joins-ameren-board-of-directors-302682892.htmlSOURCE Ameren Corporation

Original: Tim Rausch joins Ameren board of directors

Ameren Corporation increases quarterly cash dividend by 5.6 percent, marking 13 consecutive years of growthFebruary 6, 2026 1:05 PM
PR Newswire (US)

New annualized rate is $3.00 per share  ST. LOUIS, Feb. 6, 2026 /PRNewswire/ -- The board of directors of Ameren Corporation (NYSE: AEE) today declared a quarterly cash dividend on its common stock of 75 cents per share, a 5.6 percent increase from the prior quarterly cash dividend of 71 cents per share, resulting in an annualized equivalent dividend rate of $3.00 per share. The previous annualized equivalent dividend rate was $2.84 per share.







"This marks the thirteenth consecutive year the Ameren Board of Directors has increased our dividend," said Martin J. Lyons, Jr., chairman, president and chief executive officer of Ameren Corporation. "This increase reflects the board's commitment to and confidence in delivering strong, predictable returns and long-term value for shareholders."Lyons said Ameren anticipates dividend growth will be in line with the company's long-term earnings-per-share growth expectations and that the dividend payout ratio will be maintained in a range of 50% to 60%. Future dividend growth opportunities will be driven by cash flow, investments and other business factors."Our disciplined growth strategy prioritizes investments that modernize the grid, enhancing reliability and resiliency, while promoting economic development in our communities — all while maintaining a solid balance sheet and a track record of consistent dividend growth," Lyons said.The common share dividend is payable March 31, 2026, to shareholders of record at the close of business on March 10, 2026.Separately, the board of directors of Union Electric Company, doing business as Ameren Missouri, declared regular quarterly cash dividends on all classes of Union Electric Company's preferred stock. These preferred stock dividends are payable May 15, 2026, to shareholders of record at the close of business on April 16, 2026.In addition, the board of directors of Ameren Illinois Company, doing business as Ameren Illinois, declared regular quarterly cash dividends on all classes of Ameren Illinois Company's preferred stock. These preferred stock dividends are payable May 1, 2026, to shareholders of record at the close of business on April 10, 2026.About Ameren Corporation
St. Louis-based Ameren Corporation powers the quality of life for 2.5 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 services, 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 at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/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. In addition to factors discussed in this release, Ameren's Annual Report on Form 10-K for the year ended Dec. 31, 2024, and its other reports filed with the Securities and Exchange Commission contain a list of factors and a discussion of risks which could cause actual results to differ materially from management expectations suggested in such "forward-looking" statements. All "forward-looking" statements included in this release are based upon information presently available, and Ameren, except to the extent required by the federal securities laws, undertakes no obligation to update or revise publicly any "forward-looking" statements to reflect new information or current events.



View original content to download multimedia:https://www.prnewswire.com/news-releases/ameren-corporation-increases-quarterly-cash-dividend-by-5-6-percent-marking-13-consecutive-years-of-growth-302681561.htmlSOURCE Ameren Corporation

Original: Ameren Corporation increases quarterly cash dividend by 5.6 percent, marking 13 consecutive years of growth

Any truth to the report of Ameren shopping their coal power plants , like they did in illinois a few years ago?
Do they want to operate with transmission only?

AEE buy 83.98

ascending triangle breakout on the weekly chart
not a fast moving exciting chart? then buy a ton to get the same profit perhaps
who knows might be more predictable also without the horde buying it and posting online

https://finance.yahoo.com/quote/AEE/profile?p=AEE

https://www.barchart.com/stocks/quotes/AEE

https://finviz.com/quote.ashx?t=AEE

https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=AEE

https://stockcharts.com/c-sc/sc?chart=AEE,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b

https://www.barchart.com/etfs-funds/quotes/AEE/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=TREND&sym=AEE&grid=1&height=500&studyheight=100&timeframe=2%20Months




normal chart









log chart









normal chart








log chart

Wow, this company has so severely fallen on their face this week in the St. Louis area. No power over wide areas for 4 days now. There were some storms, but c'mon, it comes with the territory.

Cut your generous dividend if you need to hire what it takes to maintain.

The current service level is completely unacceptable.

Ameren downgraded at Barclays on Missouri regulation uncertainty

Ameren (AEE -0.1%) is downgraded to Equal Weight to Overweight with a $58 price target, trimmed from $60, at Barclays, which cites a lack of improvement in pending regulation in Missouri.

Barclays notes that language on improvements in utility regulation has been removed from Missouri legislation, and the stock trades at a 2% premium to its regulated utility group on the firm's 2019 EPS forecast.

While Barclays likes AEE's Illinois and FERC jurisdictions, without improvements in Missouri regulation it believes shares should be valued as a 5% premium instead of 9%.

Hope everyone's been good! Glad Ameren is going after some of the window project in all states! Transmission and substation!

The Nuclear Regulatory Commission says it has begun a special inspection at Ameren's (NYSE:AEE) 1,190 MW Callaway nuclear plant in Missouri to review the failure of control valves following a reactor shutdown on Aug. 11.

The NRC says inspectors will be at the plant operated by Ameren (AEE) for about a week to review the failure of three of four control valves that regulate water flow to the steam generators.

The NRC has said it was told of a similar problem in December 2014, and a third unrelated control valve problem earlier this year.

Ameren (NYSE:AEE): Q2 EPS of $0.58 misses by $0.03.

Revenue of $1.40B (-1.4% Y/Y) misses by $40M.

Ameren (NYSE:AEE): Q1 EPS of $0.45 beats by $0.07.

Revenue of $1.56B (-1.9% Y/Y) beats by $20M.

5 Buy-Rated Dividend Stocks:

http://www.thestreet.com/story/11924440/1/5-buy-rated-dividend-stocks-ed-aee-fe-tot-wpc.html?puc=yahoo&cm_ven=YAHOO

Ameren

Dividend Yield: 4.50%

Ameren (NYSE:AEE) shares currently have a dividend yield of 4.50%.

Ameren Corporation operates as a public utility holding company in the United States. It operates in three segments: Ameren Missouri, Ameren Illinois, and Merchant Generation.

The average volume for Ameren has been 1,692,900 shares per day over the past 30 days. Ameren has a market cap of $8.6 billion and is part of the utilities industry. Shares are up 16.8% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Ameren as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, increase in stock price during the past year, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Multi-Utilities industry. The net income increased by 64.0% when compared to the same quarter one year prior, rising from -$403.00 million to -$145.00 million.

Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.

AMEREN CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, AMEREN CORP swung to a loss, reporting -$4.01 versus $2.14 in the prior year. This year, the market expects an improvement in earnings ($2.10 versus -$4.01).

The debt-to-equity ratio is somewhat low, currently at 0.95, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.28 is very weak and demonstrates a lack of ability to pay short-term obligations.

AEE, with its decline in revenue, underperformed when compared the industry average of 2.0%. Since the same quarter one year prior, revenues fell by 11.0%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

AEE: Q1 Adj EPS 22c vs 15c Misses 28c Est; Guidance In-Line with Consensus

Thursday , May 02, 2013 08:34ET


QUARTER RESULTS
Ameren Corporation (AEE) reported Q1 results ended March 2013. Q1 Revenues were $1,475.00M; +4.46% vs yr-ago; MISSING revenue consensus by -9.69%. Q1 EPS was (60c). Adjusted Q1 EPS was 22c; +46.67% vs yr-ago; MISSING earnings consensus by -21.43%.
Q1 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $1,475.00M $1,412.00M +4.46% $1,633.19M -9.69%
---------- ------------ ------------ ---------- ------------ ----------
EPS: (60c) N/A N/A N/A N/A
Adj EPS: 22c 15c +46.67% 28c -21.43%
---------- ------------ ------------ ---------- ------------ ----------

GUIDANCE

FY-13 Earnings Outlook [$2.00 - $2.20]: The FY-13 earnings forecast is in-line with current consensus estimates.

~ Thursday! $AEE ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $AEE ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=AEE&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=AEE&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=AEE
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=AEE#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=AEE+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=AEE
Finviz: http://finviz.com/quote.ashx?t=AEE
~ BusyStock: http://busystock.com/i.php?s=AEE&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=AEE >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Ameren (AEE) featured today in Equities.com as one of the Top 5 Utilies...
http://editorial.equities.com/stocks/5-utilities-stocks-paying-high-yields-and-higher-returns/

Ameren cites EPA rules in closure of 2 Ill. plants

Updated: October 4, 2011, 11:16 AM

ST. LOUIS (AP) - Ameren Corp. said Tuesday it will close two power plants in Illinois by the end of the year, blaming the cost of complying with new pollution rules issued by the Environmental Protection Agency.

http://www.buffalonews.com/business/24-hour-business-news/article581171.ece

$1.2 billion project

FutureGen Secures $1 Billion In Stimulus From Energy Department For Clean-Coal

Ameren Energy Resources Company, LLC (AER) —the holding company for merchant generation for Ameren Corporation (NYSE: AEE)—today announced that it has signed a cooperative agreement with the U.S. Department of Energy (DOE) that could lead to repowering an oil-fired unit at AER's Meredosia Power Plant near Jacksonville, Ill. This would create the world's first, full-scale, oxy-combustion coal-fired plant designed for permanent carbon dioxide (CO2 ) capture and storage.

Capture and storage of the greenhouse gas CO2 is critical to reducing these power plant emissions, which have been linked to global climate change. The project is part of the initiative known as FutureGen 2.0, which calls for transporting the captured CO2 over a new regional pipeline to a new, deep saline injection storage facility to be developed by others in Illinois. It is estimated that FutureGen 2.0 could eventually bring as many as 900 jobs to central Illinois.

Now that this agreement has been signed, Ameren and its partners, The Babcock & Wilcox Company (B&W) and Air Liquide Process & Construction, Inc. (Air Liquide), expect to spend the next nine months completing Phase 1 of the proposed project, which includes the initial engineering, design and economic analysis for repowering this unit. In addition, during Phase 1, the partners will validate the project's scope, cost, schedule and commercial viability.

If Phase 1 results determine the project to be technically and commercially sound, then DOE would authorize Phase 2 of the project, which would include detailed engineering design, schedule and cost analysis as well as environmental studies to support the National Environmental Policy Act (NEPA) process and effluent permitting.

In parallel with the Phase 2 studies, the partners will approach the Illinois legislature for a change in state law to establish a cost recovery mechanism for the project. In addition, project leaders will address the issue of long-term liability with respect to the CO2 pipeline and sequestration, to be supplied by participants other than Ameren and its partners.

Successful completion of Phases 1 and 2 studies and enactment of the supporting legislation will be necessary before Phase 3 is authorized.

Phase 3 will include the procurement and construction activities necessary to repower the Meredosia Plant's 200-megawatt Unit 4. If approved by the Ameren Board of Directors, these activities could begin in the second quarter of 2012 with a target completion date in the fourth quarter of 2015.

In August, the three companies announced that they had been selected by the DOE to negotiate the installation of this technology, which is designed to produce clean energy from coal by capturing and storing approximately 1.3 million tons of CO2 each year, or 90 percent of the plant's expected CO2 emissions.

The AER plant would use an innovative coal-fired oxy-combustion CO2 capture technology, designed to use oxygen, instead of air, during combustion, removing the flyash, nitrogen oxide, and sulfur dioxide and leaving the flue gas composed of nearly pure CO2, suitable for compression and storage in deep geologic formations. B&W and Air Liquide have successfully pilot-tested coal-fired oxy-combustion at B&W's research facility in Alliance, Ohio, supported by Air Liquide's technology developments at its research and development facility in Newark, Del.

"We are excited to move forward with our partners—B&W and Air Liquide—on the next step toward building a near-zero emission facility—a generating plant that will serve as an invaluable testing ground for these critical new clean energy technologies," said Charles Naslund, president and chief executive officer of AER.