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Ameren Corporation reports developments for a rate-regulated electric and natural gas utility holding company serving customers through Ameren Missouri and Ameren Illinois. Ameren Missouri provides electric generation, transmission and distribution service and natural gas distribution, while Ameren Illinois provides electric transmission and distribution and natural gas distribution. Ameren Transmission Company of Illinois develops, owns and operates rate-regulated regional electric transmission projects in the Midcontinent Independent System Operator.
Recurring news includes earnings results and guidance, infrastructure investment in regulated energy networks, Smart Energy Plan grid upgrades, resource planning, regulatory approvals, severe-weather reliability and restoration, customer usage and weather effects, financing and capital-structure actions, and board and governance updates.
Ameren Corporation (NYSE:AEE) will host a conference call on February 16, 2023, at 9 a.m. Central Time to discuss its fourth quarter 2022 earnings and provide guidance. CEO Martin J. Lyons Jr. and CFO Michael L. Moehn will present the call, which will also be broadcast live on AmerenInvestors.com. Ameren serves approximately 2.4 million electric and 900,000 natural gas customers across a 64,000-square-mile area. For further information, supporting materials will be available on their investor website, and a replay will be accessible for one year after the call.
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Ameren Missouri achieved the J.D. Power award for the highest customer satisfaction among large Midwest utilities, recognizing its commitment to business electric service. This honor, the third time for Ameren Missouri, reflects strong performance in areas such as power quality, reliability, and competitive pricing.
From 2019 to 2021, the company invested $3.6 billion in over 2,000 energy grid projects to enhance infrastructure and reliability. Ameren Missouri serves 1.2 million electric customers in central and eastern Missouri.
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Ameren Illinois, a subsidiary of Ameren Corporation (NYSE: AEE), has priced a public offering of $350 million in 5.90% first mortgage bonds set to mature in 2052. The bonds will be sold at 99.691% of their principal value, with the expected closing date on November 22, 2022, pending customary conditions. Proceeds will be allocated to reduce short-term debt and fund sustainable projects. The offering is managed by BofA Securities, Goldman Sachs, RBC Capital Markets, TD Securities, and PNC Capital Markets.
Ameren Corporation (NYSE: AEE) reported third quarter 2022 net income of $452 million ($1.74 per diluted share), up from $425 million ($1.65 per diluted share) in Q3 2021. This increase was due to infrastructure investments and new electric service rates in Missouri. Year-to-date earnings for 2022 reached $911 million ($3.51 per diluted share), reflecting similar trends. The company narrowed its 2022 earnings guidance range to $4.00 to $4.15 per diluted share, driven by strong execution of its strategy but tempered by rising interest expenses and a higher effective tax rate.
The board of directors of Ameren Corporation has declared a quarterly cash dividend of 59 cents per share on its common stock. This dividend will be payable on December 30, 2022, to shareholders on record as of the close of business on December 7, 2022. Additionally, Union Electric Company and Ameren Illinois Company announced regular quarterly cash dividends on their preferred stock, payable on February 15, 2023 and February 1, 2023, respectively, to shareholders of record by January 20 and January 16, 2023.
Ameren Corp. (AEE) will discuss its third quarter 2022 earnings and guidance in a conference call on November 4, 2022, at 9 a.m. Central Time. The call will be led by CEO Martin J. Lyons Jr. and CFO Michael L. Moehn. Interested parties can listen live via AmerenInvestors.com, with a replay available for one year post-call. The company serves 2.4 million electric and 900,000 natural gas customers across a 64,000-square-mile area through its subsidiaries in Missouri and Illinois.
Ameren Illinois, a subsidiary of Ameren Corporation (NYSE: AEE), has priced a public offering of $500 million in 3.85% first mortgage bonds due 2032, priced at 99.827% of their principal amount. The deal's closing is set for Aug. 29, 2022, subject to standard conditions. The net proceeds will be used to repay $400 million in 2.70% senior secured notes due on Sept. 1, 2022, and reduce short-term debt. Major financial institutions are managing the offering.
The board of directors of Ameren Corporation (NYSE: AEE) has declared a quarterly cash dividend of 59 cents per share, payable on September 30, 2022, to shareholders of record as of the close of business on September 7, 2022. Additionally, Union Electric Company announced preferred stock dividends payable on November 15, 2022, and Ameren Illinois Company also declared preferred stock dividends due on November 1, 2022. Ameren Corporation serves approximately 2.4 million electric customers and over 900,000 natural gas customers in a 64,000-square-mile area.