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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 Transmission Company of Illinois (ATXI), a subsidiary of Ameren Corporation (NYSE: AEE), has received approval from the Missouri Public Service Commission (PSC) for its Limestone Ridge Project. This initiative includes the construction of a 15-mile, 138,000-volt transmission line and substation in southeast Missouri, connecting substations in Perry and Cape Girardeau counties. The project aims to enhance energy reliability and economic growth in the region, with an investment of $40 million and a proposed completion date of December 2023.
Ameren Corp. (NYSE:AEE) will hold a conference call on February 18, 2022, at 9 a.m. Central Time to discuss its fourth quarter 2021 earnings and guidance. The call will feature executives including Warner L. Baxter, Martin J. Lyons Jr., and Michael L. Moehn, and will be streamed live on AmerenInvestors.com. Supporting materials will be available in the "Investor News and Events" section. The event aims to provide insights into Ameren's operations serving over 2.4 million electric and 900,000 natural gas customers.
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Ameren Corporation (NYSE: AEE) announced the promotion of Mark Birk to chairman and president of Ameren Missouri effective January 1, 2022. He succeeds Marty Lyons, who will become Ameren's CEO on the same date. Birk, a 35-year veteran of the company, previously served as senior vice president for customer and power operations. Throughout his career, he has held numerous leadership roles focusing on operational excellence and customer service for over 1 million customers in Missouri.
Ameren Corporation (NYSE: AEE) has announced the public offering of $500 million in senior notes at a 1.95% interest rate, due in 2027. The offering is priced at 99.981% of its principal amount and is set to close on November 18, 2021, pending customary conditions. The net proceeds will be utilized for general corporate purposes, primarily to repay short-term debt. Joint book-running managers for the offering include Goldman Sachs, Mizuho Securities, Morgan Stanley, and TD Securities.
Ameren Corporation (NYSE: AEE) reported a strong third quarter 2021 net income of $425 million, or $1.65 per diluted share, up from $367 million, or $1.47 per diluted share in Q3 2020. The growth stems from increased infrastructure investments and improved electric retail sales, benefiting from economic recovery and warmer summer temperatures. The company also raised its full-year earnings guidance to $3.75 to $3.95 per share, reflecting ongoing strategic execution. For the first nine months of 2021, net income reached $865 million, or $3.36 per diluted share, compared to $756 million, or $3.04 per diluted share in the same period last year.
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Ameren Corp. (NYSE:AEE) will host a conference call on November 4, 2021, at 9 a.m. Central Time to discuss its third quarter 2021 earnings and guidance. The call will be led by Warner L. Baxter, chairman, president, and CEO, alongside Michael L. Moehn, executive vice president and CFO. The call will be accessible via webcast on AmerenInvestors.com, with supporting materials available in the Investor News and Events section. A replay will be available for one year starting an hour after the call concludes.
Ameren Corporation (NYSE: AEE) has announced a significant leadership change, effective January 1, 2022. Warner Baxter will transition to the role of executive chairman, while Marty Lyons will take over as president and CEO. Baxter praised Lyons as uniquely qualified to lead during this transformative period. Lyons has been with Ameren since 2001 and has held various senior roles, acquiring expertise in operational and financial management. The Board expressed strong confidence in Lyons' abilities to continue providing value to stakeholders and executing the company's strategic goals, including achieving net zero carbon emissions by 2050.
The board of directors of Ameren Corporation (NYSE: AEE) has declared a quarterly cash dividend of 55 cents per share on its common stock, payable on December 31, 2021. Shareholders of record as of December 8, 2021 will receive this payment. Additionally, regular quarterly cash dividends were declared for all classes of preferred stock by Ameren Missouri and Ameren Illinois Company, with payment dates set for February 15, 2022 and February 1, 2022, respectively.