Tuesday, Oct 21, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Spray plane clips power line on Illinois 57

Meetings set for Mark Twain Transmission Project

Ameren Illinois strengthening energy delivery network in Quincy

Ameren Missouri seeking $264M rate increase

Ameren donates air conditioners to Two Rivers

Recent Comments

qcity05 - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
I think QJHS's size has a lot to do with it being kept as well. Imagine the cost to rebuild a school of that size. Early in the discussion I recall someone bringing up the idea of building a new high school and architects said that it could easily cost 100 million.
ONCEMORE1 - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
Do you even have a clue what you're talking about?
Wiseguy14 - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
The most interesting thing about this is that SRN&M was only charging the district 80 bucks an hour for legal. Good luck getting that rate next time you slip and fall.
Loverofblues - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
35 years and your health care is covered by Tri Care
1950Brutus - Strawman: I Trusted The President...... - Quincy, IL News - QuincyJournal.com
The race card gets pulled out when the liberals don't have any logical arguments left in their bag. They are saying "I can't win this debate with facts so I will assault your character". It is an attempt to win by intimidation. Very sad.

Most Popular

Authorities make meth bust on Madison

Chief Copley on Fox News

City of Quincy considering health clinic for employees

Nursing unions call for better Ebola preparedness

Adams Co. Divorces for 10/17

School Board to outline plans for savings, old buildings if referendum passes

Quincy Park District tumbling program provides children intro to gymnastics

Tournear Promoted to JWCC Nursing Admin Chair

Ameren releases 2013 earnings results

Ameren releases 2013 earnings results

7 months, 3 weeks ago From Ameren

Utility company made $512 million

   2013 Diluted EPS from Continuing Operations Were $2.10  

  • 2014 EPS from Continuing Operations Guidance Established at $2.25 to $2.45
  • EPS from Continuing Operations Expected to Grow at a 7% to 10% Compound Annual Rate from 2013 through 2018

ST. LOUIS (Feb. 21, 2014) — Ameren Corporation (NYSE: AEE) today announced 2013 net income from continuing operations of $512 million, or $2.10 per diluted share, compared to 2012 net income from continuing operations of $516 million, or $2.13 per diluted share. As a result of Ameren’s divestiture of its merchant generation business, the results of this business are classified as discontinued operations in the financial statements.

The decrease in 2013 earnings from continuing operations, compared to 2012, reflected 2013 nuclear refueling outage expenses, versus the prior year when there was no refueling outage, and milder summer weather. The earnings comparison was positively affected by increased rates for Missouri electric and Illinois transmission service and increased Illinois electric delivery earnings under formula ratemaking. Additional factors negatively affecting the earnings comparison included charges in 2013 related to Missouri and Illinois regulatory decisions and the absence in 2013 of a benefit related to a 2012 Federal Energy Regulatory Commission (FERC) decision.

“With the divestiture of our merchant generation business now complete, we are solely focused on our rate-regulated utilities. In 2013, these continuing operations delivered improved earnings on a weather-normalized basis despite a Callaway refueling outage and two regulatory charges,” said Thomas R. Voss, chairman and CEO of Ameren Corporation. “Looking ahead, our FERC-regulated transmission and Illinois energy delivery businesses are making significant new investments to improve reliability and customers’ ability to manage their energy usage. Our capability to make such investments is supported by modern, constructive regulatory frameworks in these jurisdictions, and we expect these investments to lead to solid earnings growth. In addition, we continue our work to enhance the Missouri regulatory framework to better support investment in that state’s aging energy infrastructure for the benefit of customers while managing the business in a disciplined fashion, including aligning spending with the existing regulatory framework.”

Ameren recorded earnings from continuing operations of $48 million, or 19 cents per share, for the fourth quarter of 2013, compared to $12 million, or 5 cents per share, for the fourth quarter of 2012. The improvement in earnings reflected increased rates for Missouri electric and Illinois transmission service; greater electric and gas sales volumes primarily resulting from colder winter temperatures; and increased Illinois electric delivery earnings under formula ratemaking. These positive factors were partially offset by a fourth quarter 2013 charge related to the Illinois Commerce Commission’s (ICC) disallowance of certain debt redemption costs.

Earnings from Continuing Operations Guidance

Ameren expects 2014 earnings to be in a range of $2.25 to $2.45 per share. Further, it expects earnings per share to grow at a 7% to 10% compound annual rate through 2018 using 2013 results from continuing operations as the base. This growth is expected to be driven primarily by infrastructure investments in FERC-regulated transmission and Illinois energy delivery services.

Ameren’s earnings guidance assumes normal temperatures and is subject to the effects of, among other things, changes in 30-year U.S. Treasury bond yields; regulatory decisions and legislative actions; energy center operations; energy, economic, capital and credit market conditions; severe storms; unusual or otherwise unexpected gains or losses; and other risks and uncertainties outlined, or referred to, in the Forward-looking Statements section of this press release.

Ameren Missouri Segment Results

Ameren Missouri segment 2013 earnings were $395 million, compared to 2012 earnings of $416 million. The decrease in earnings reflected 2013 Callaway refueling outage expenses, compared to 2012 when there was no refueling outage, and milder summer weather. The earnings comparison was positively affected by an increase in rates for electric service, effective in January 2013, and disciplined cost management. Additional factors negatively affecting the earnings comparison included a 2013 charge resulting from a Missouri Public Service Commission decision related to the fuel adjustment clause and the absence in 2013 of a benefit related to a 2012 FERC decision.

Ameren Illinois Segment Results

Ameren Illinois segment 2013 earnings were $160 million, compared to 2012 earnings of $141 million. The increase in earnings reflected higher electric delivery earnings recognized under formula ratemaking resulting from increased infrastructure investment; a higher allowed return on equity due to higher 30-year Treasury bond yields; and the absence in 2013 of a 2012 contribution required to implement formula ratemaking. The earnings comparison also benefited from increased rates for transmission service, effective in January 2013. These positive factors were partially offset by a fourth quarter 2013 charge for the ICC’s disallowance of certain debt redemption costs.

Parent Company and Other

The parent company and other loss from continuing operations was $43 million for 2013, compared to $41 million for 2012. Parent company and other results include interest expense and certain other costs which were previously allocated to the merchant generation business, as well as costs historically not allocated to Ameren’s business segments.


From the Newsroom

nichols120 on Twitter

nichols120 41 minutes ago

RT @natashakorecki: Smell of urine and weed in the air outside of tonight's gubernatorial debate. Oh Chicago. http://t.co/mYwo4Qnmq0
QuincyJournal on Twitter

QuincyJournal 4 hours, 38 minutes ago

Strawman: The Pinocchio President...... http://t.co/OERnKwReuL
Bob Gough on Twitter

Bob Gough 7 hours, 25 minutes ago

RT @MarkReardonKMOX: There were 16 murders in St. Louis during the month of Sept. But we're told the "epidemic" is police killing blacks?? …
QuincyJournal on Twitter

QuincyJournal 9 hours, 40 minutes ago

Capitol View discusses election, other issues http://t.co/iP4EKGNXFV