CUB, Ameren Illinois spar over rate increase proposal [Yahoo! Finance]
Ameren Corporation (AEE)
Last ameren corporation earnings: 2/26 07:15 am
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Source: Yahoo! Finance
Earlier this month, state judges recommended it approve a $315 million hike, almost the utility company's entire ask. But the commission rejected Ameren's initial request for a rate increase and the plan for their grid saying they failed to take into account affordability for customers. So they made a change and filed an updated plan. “We provided a comprehensive affordability framework for consideration by the Commission that looked at all all sorts of data, including the energy burden on customers and the impact of the increased rates on on customers bills,” Matt Tomc, Ameren Illinois VP of Regulatory Policy and Energy Supply, said. Now, Ameren Illinois is asking for a $334 million rate increase. And earlier this month, state regulatory judges recommended a $314 million increase for the company, about 90 percent of their original ask. “Our utility system, just like utility systems throughout the country, are are in need of modernization, investment,” Tomc said. “They're a
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AEE
News
- Illinois Commerce Commission Approves Ameren Illinois' Electric Reliability Plan [Yahoo! Finance]Yahoo! Finance
- Ameren Missouri delivers generation projects that support residential customers, businesses and diversifies portfolioPR Newswire
- Steven Vondran joins Ameren board of directorsPR Newswire
- Ameren Co. (NYSE: AEE) had its price target raised by analysts at Morgan Stanley from $86.00 to $94.00. They now have an "equal weight" rating on the stock.MarketBeat
- Ameren: Getting Difficult To Justify The Valuation [Seeking Alpha]Seeking Alpha
AEE
Earnings
- 11/6/24 - Miss
AEE
Sec Filings
- 12/20/24 - Form 8-K
- 12/16/24 - Form 8-K
- 12/13/24 - Form 4
- AEE's page on the SEC website