Summary
Ameren Corp., headquartered in St. Louis, is a public utility serving 2.4 million electric customers and 900,000 natural gas customers through its regulated subsidiaries Ameren Missouri and Ameren Illinois. Customers are located in central and eastern Missouri and southern Illinois. Ameren Missouri provides vertically integrated electric service, with a generating capacity of 10,800 megawatts. Ameren Illinois provides electric transmission service and natural gas supply. Ameren Transmission Co. of Illinois develops regional electric transmission projects. AEE also operates a nuclear generation facility. In 2023, electricity accounted for around 83% of total revenue.
Management is committed to the expansion of electric and gas services and infrastructure improvements in the company’s regulated service territories. Ameren exited the volatile unregulated energy trading business and has shown little interest in acquiring unregulated assets. The company operates several nuclear generators, but still relies heavily on coal. Of the utility’s generating capacity, the 2023 fuel mix is approximately 44% coal, 12% nuclear, 29% natural gas/oil and 15% renewables. management estimate