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Ameren Corp (AEE) Q1 2021 Earnings Call Transcript

Ameren Corp (AEE) Q1 2021 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
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Ameren Corp (NYSE: AEE)
Operator
Greetings and welcome to Ameren Corporation s First Quarter 2021 Earnings Conference Call. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions]
It is now my pleasure to turn the conference over to your host, Andrew Kirk, Director of Investor Relations for Ameren Corporation. Thank you, Mr. Kirk, you may begin.SPONSORED:
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Ameren Missouri's proposed rate hike tied to wind energy investments

Ameren Missouri's proposed rate hike tied to wind energy investments
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AMEREN CORP - 10-K - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTSOF OPERATIONS

Transmission
(a)Ameren Missouri capital expenditures include $564 million for the acquisition of the High Prairie Renewable Energy Center for the year ended December 31, 2020. For 2021 through 2025, Ameren s cumulative capital expenditures are projected to range from $16.4 billion to $17.8 billion. The following table presents the range of projected spending by segment: Range (in billions) Ameren Missouri(a) $ 8.7 - $ 9.3 Ameren Illinois Electric Distribution 2.6 - 2.8 Ameren Illinois Natural Gas 1.7 - 1.8 Ameren Transmission 3.5 - 3.8 Ameren(a) $ 16.4 - $ 17.8 (a)Amounts include 300 MWs of wind generation at the Atchison Renewable Energy Center, but exclude incremental renewable generation investment opportunities of 1,200 MWs by 2025, which are included in Ameren Missouri s 2020 IRP. RESULTS OF OPERATIONS Our results of operations and financial position are affected by many factors. Economic conditions, including those resulting from the COVID-19 pandemic discussed below, en ....

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Ameren Missouri Purchases Second Wind Energy Facility In Northwestern Missouri

Originally published on January 15, 2021 6:46 pm
A wind energy facility in northwestern Missouri will allow Ameren Missouri to provide more clean energy to its customers.
Ameren purchased the Atchison Renewable Energy Center as part of its $1.1 billion investment in wind energy in the state. Ameren officials said the 300-megawatt project will be completed this year, but the facility is already producing energy.
Ameren officials said the site will provide energy to 90,000 customers this year.
“Missouri is starting to take a leadership position in developing local renewable resources,” said Ajay Arora, chief renewable development officer at Ameren Missouri.
The Atchison center is the second wind energy facility purchased by the utility. Ameren Missouri purchased the High Prairie Renewable Energy Center in Schuyler and Adair Counties in December. The facilities are expected to add a combined 700 megawatts of wind generation to the state. ....

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