8-KOther Events

AMEREN CORP 8-K Report (Dec 10, 2003)

Filed December 10, 2003For Securities:AEE

Summary

Ameren Corporation (AEE) and its subsidiary Union Electric Company (AmerenUE) filed a Form 8-K on December 10, 2003, to report a significant development in their natural gas delivery rates in Missouri. AmerenUE has reached a settlement with key regulatory bodies, including the Missouri Public Service Commission staff, the Office of Public Counsel, and the Missouri Department of Natural Resources, regarding its May 2003 request for an increase in natural gas delivery rates. This settlement, if approved by the Missouri Public Service Commission, will implement increased natural gas delivery rates. Investors should note that this filing primarily serves to announce the agreement and that the press release detailing the settlement is incorporated as an exhibit. The final approval by the commission is a crucial next step that will determine the actual impact on AmerenUE's revenue and customer costs.

Key Highlights

  • 1AmerenUE has reached a settlement on its May 2003 request for natural gas delivery rate increases.
  • 2The settlement involves key parties including the Missouri Public Service Commission staff, Office of Public Counsel, and Dept. of Natural Resources.
  • 3The settlement is subject to review and approval by the Missouri Public Service Commission.
  • 4The filing is made via a Form 8-K on December 10, 2003.
  • 5A press release announcing the settlement is attached as Exhibit 99.1.
  • 6This impacts Ameren Corporation (AEE) and its subsidiary Union Electric Company (AmerenUE).

Frequently Asked Questions

The main purpose of this 8-K filing is to announce that AmerenUE has entered into a settlement with regulatory parties regarding its previously filed request for an increase in natural gas delivery rates. This settlement is subject to approval by the Missouri Public Service Commission.

The settlement was reached between AmerenUE and the Missouri Public Service Commission staff, the Office of Public Counsel, and the Missouri Department of Natural Resources.

The settlement, if approved, will lead to increased natural gas delivery rates for AmerenUE. This is a positive development as it suggests a pathway to higher revenue for the company, but the exact financial impact will depend on the final commission approval and the specifics of the new rates.

The settlement must be reviewed and approved by the Missouri Public Service Commission before the increased natural gas delivery rates can be implemented.