Ameren Corporation

Stock Symbol: AEE

One Ameren Plaza 1901 Chouteau Avenue
St Louis, MO 63103
314-621-3222 (phone)
314-621-2888 (fax)
Website: Ameren

Industry: Electric Utilities

Index Membership: S&P 500; S&P 1500 Super Comp

Ameren Corporation Description:
Ameren, headquartered in St. Louis, Missouri, is a public utility holding company under PUHCA 2005 administered by FERC. Ameren's primary assets are the common stock of its subsidiaries. Ameren's subsidiaries, which are separate, independent legal entities with separate businesses, assets and liabilities, operate rate-regulated electric generation, transmission and distribution businesses, rate-regulated natural gas transmission and distribution businesses and non-rate-regulated electric generation businesses in Missouri and Illinois, as discussed below. Dividends on Ameren's common stock are dependent on distributions made to it by its subsidiaries. Ameren's principal subsidiaries are listed below.

UE operates a rate-regulated electric generation, transmission and distribution business, and a rate-regulated natural gas transmission and distribution business in Missouri.

CIPS operates a rate-regulated electric and natural gas transmission and distribution business in Illinois.

Genco operates a non-rate-regulated electric generation business.

CILCO, a subsidiary of CILCORP (a holding company), operates a rate-regulated electric and natural gas transmission and distribution business and a non-rate-regulated electric generation business (through its subsidiary, AERG) in Illinois.

IP operates a rate-regulated electric and natural gas transmission and distribution business in Illinois.

Ameren Corporation Financial Summary:
Ameren's net income increased to $143 million, or 69 cents per share, in the second quarter of 2007 from $123 million, or 60 cents per share, in the second quarter of 2006. Net income in the Non-rate-regulated Generation segment in the three months ended June 30, 2007, increased by $43 million from the prior-year period, while net earnings in the Missouri Regulated and Illinois Regulated segments declined by $12 million and $14 million, respectively.

Ameren's net income increased to $266 million, or $1.29 per share, in the first six months of 2007 from $193 million, or 94 cents per share, in the first six months of 2006. Net income increased in the Illinois Regulated and Non-rate-regulated Generation segments by $6 million and $86 million, respectively, in the first half of 2007 compared to the prior-year period, while net income in the Missouri Regulated segment decreased by $24 million.

Ameren Corporation Business Summary:
Ameren Corporation, through its subsidiaries, operates as a public utility holding company in Missouri and Illinois. It engages in the generation, transmission, and distribution of electricity; and distribution of natural gas, as well as engages in nonregulated electricity operations. The company was founded in 1881 and is headquartered in St. Louis, Missouri.