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 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.
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The board of directors of Ameren Corporation (AEE) has declared a quarterly cash dividend of 55 cents per share, payable on Sept. 30, 2021, to shareholders on record as of Sept. 8, 2021. Additionally, Union Electric Company, operating as Ameren Missouri, will distribute regular quarterly cash dividends on its preferred stock, payable on Nov. 15, 2021, for shareholders of record by Oct. 15, 2021. Ameren Illinois also announced similar preferred stock dividends, payable on Nov. 1, 2021, to those on record by Oct. 11, 2021.
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.
Summary not available.
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.