Welcome to our dedicated page for Ameren news (Ticker: AEE), a resource for investors and traders seeking the latest updates and insights on Ameren stock.
Ameren Corporation (NYSE: AEE) delivers reliable electric and natural gas services to 2.4 million customers across Missouri and Illinois through its rate-regulated utility operations. This news hub provides investors and stakeholders with centralized access to official announcements, strategic developments, and regulatory updates from the Fortune 500 energy provider.
Track Ameren's infrastructure investments, earnings reports, and operational milestones through verified press releases and analysis. Our curated collection includes updates on grid modernization projects, renewable energy initiatives, and regulatory filings that shape this essential utility's service delivery.
Key content categories cover earnings announcements, transmission system upgrades, rate case decisions, and sustainability programs. Users gain insights into how Ameren balances infrastructure demands with customer affordability in its Midwest service territories.
Bookmark this page for streamlined access to Ameren's latest operational updates and regulatory compliance developments. Check regularly for new information about energy reliability improvements and strategic investments in the evolving utility sector.
Ameren Missouri announced that its Callaway Energy Center is now operating at full power, delivering carbon-free energy. This follows a planned outage for generator rewinding. Ameren aims for net-zero carbon emissions by 2050, targeting a 50% reduction by 2030 and 85% by 2040 from 2005 levels. With over 100 years of service, Ameren Missouri maintains some of the lowest electric rates in the U.S., providing services to 1.2 million electric and 132,000 gas customers. The company's focus is on sustainable operations and affordable energy rates.
Ameren Corporation (NYSE: AEE) reported second quarter 2021 net income of $207 million, or $0.80 per diluted share, down from $243 million, or $0.98 per diluted share in Q2 2020. Lower earnings were attributed to changes in seasonal electric rates and the absence of a Federal Energy Regulatory Commission (FERC) benefit for Ameren Transmission. However, increased electric retail sales at Ameren Missouri, driven by economic recovery, partially offset this decline. The company reaffirmed its 2021 earnings guidance of $3.65 to $3.85 per diluted share.
Ameren Corporation (NYSE:AEE) will host a conference call on August 6, 2021, at 9 a.m. CT to discuss its second quarter 2021 earnings and guidance. Warner L. Baxter, CEO, and Michael L. Moehn, CFO, will lead the call, which will be streamed live on AmerenInvestors.com. The call will cover earnings metrics and company updates. Ameren serves 2.4 million electric and over 900,000 natural gas customers across a 64,000-square-mile area in Missouri and Illinois.
Ameren Illinois announced the approval of its electric vehicle (EV) charging tariff by the Illinois Commerce Commission (ICC) on July 8, 2021. This initiative aims to promote EV adoption and expand charging station installations across central and southern Illinois, contributing to the state's green energy objectives. Key components include special rates for residential and transit facility charging, and incentives for public charging stations. Enrollment for these new rate options begins in Fall 2021, addressing concerns like range anxiety and enhancing accessibility for low-income customers.
Ameren Illinois Company, a subsidiary of Ameren Corporation (NYSE: AEE), has priced a public offering of $350 million in 2.90% first mortgage bonds due 2051 and $100 million in 0.375% first mortgage bonds due 2023. The offerings are set to close on June 29, 2021, and the proceeds will be used to repay short-term debt and fund sustainable projects. Joint book-running managers include RBC Capital Markets and Wells Fargo Securities. This release does not constitute an offer to sell or solicitation.
On June 9, 2021, Ameren Missouri, a subsidiary of Ameren Corporation (AEE), announced the pricing of a public offering of $525 million in 2.15% first mortgage bonds due 2032, priced at 99.891% of their principal amount. The offering is set to close on June 22, 2021. Proceeds will be utilized to repay short-term debt and fund near-term capital projects, with additional allocations for sustainable initiatives. BofA Securities and other firms are the joint managers for this offering.
Ameren Corporation (AEE) reported Q1 2021 net income of $233 million, or $0.91 per diluted share, up from $146 million, or $0.59, in Q1 2020. Key drivers included increased infrastructure investments and higher retail sales due to near-normal winter temperatures. Cost management initiatives and changes in rate design also supported earnings growth. However, earnings at Ameren Transmission were negatively affected by a 2021 FERC order. The company reaffirmed its 2021 EPS guidance of $3.65 to $3.85, anticipating normal temperatures for the remainder of the year.
The board of directors of Ameren Corporation has declared a quarterly cash dividend of 55 cents per share on its common stock. This dividend is set to be paid on June 30, 2021, to shareholders on record as of June 9, 2021. Additionally, Union Electric Company and Ameren Illinois Company also declared regular quarterly dividends on their preferred stock, payable in August 2021. Ameren serves approximately 2.4 million electric customers and over 900,000 natural gas customers across its operating regions.
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