Summary
Ameren Corporation (AEE) filed an 8-K on December 5, 2001, to report its estimated financial exposure related to the bankruptcy filing of Enron Corp. The company stated that its overall financial exposure is less than $10 million on an after-tax basis, with accounts receivable from Enron being less than $5 million after-tax. Ameren emphasized that this exposure is not considered material to its financial position, results of operations, or liquidity, given its substantial assets and customer base.
Key Highlights
- 1Ameren Corp. estimates its total financial exposure from Enron's bankruptcy to be less than $10 million after-tax.
- 2Accounts receivable owed by Enron to Ameren are estimated to be less than $5 million after-tax.
- 3The company explicitly states that this exposure is not material to its financial position, results of operations, or liquidity.
- 4Ameren serves 1.5 million electric customers and 300,000 natural gas customers across Missouri and Illinois.
- 5The filing includes a standard Safe Harbor statement warning of risks and uncertainties that could affect future financial performance.
- 6Enron Corp. filed for bankruptcy on December 2, 2001.
Frequently Asked Questions
Ameren Corporation estimates its overall financial exposure from transactions with Enron Corp. and its affiliates to be less than $10 million on an after-tax basis.
The accounts receivable owed to Ameren from Enron are estimated to be less than $5 million on an after-tax basis.
No, Ameren Corporation explicitly states that its overall financial exposure from Enron's bankruptcy is not considered material to the company's financial position, results of operation, or liquidity.
Ameren Corporation is a utility company with $10 billion in assets, serving 1.5 million electric customers and 300,000 natural gas customers in Missouri and Illinois.