Company: AILIM
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001002910-25-000112
Chunk: 33

Company: Ameren Illinois Co
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 33
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 timing of cash provided by operating activities. The timing of cash payments for costs recoverable under our regulatory mechanisms differs from the recovery period of those costs. Additionally, the seasonality of our electric and natural gas businesses, primarily caused by seasonal customer rates and changes in customer demand due to weather, significantly affects the amount and timing of our cash provided by operating activities.

Ameren

Ameren’s cash provided by operating activities increased $244 million in the first six months of 2025, compared with the year-ago period. The following items contributed to the increase:

•A $234 million increase due to the transfer of production and investment tax credits to unrelated parties.

•A $216 million increase resulting from higher customer collections primarily from increased base rates at Ameren Missouri effective June 1, 2025, pursuant to the April 2025 MoPSC electric rate order, and at Ameren Illinois, electric distribution and transmission base rate increases and higher electric and natural gas distribution sales volumes due to colder winter temperatures in 2025, partially offset by lower customer collections under cost recovery mechanisms and higher purchased power costs at Ameren Illinois due to summer capacity prices that were set by the 2025 MISO capacity auction.

The following items partially offset the increase in Ameren’s cash from operating activities between periods:

•A $65 million increase in interest payments, primarily due to an increase in the average outstanding debt and higher interest rates.

•A $49 million increase in net collateral posted with counterparties, primarily due to changes in the market price of power and higher purchases of power in 2025.

•A $22 million decrease due to the absence of insurance proceeds received in 2024 related to workers’ compensation claims at Ameren Illinois.

•A $21 million increase in payments for the spring 2025 refueling and maintenance outage at the Callaway Energy Center. There was no outage in 2024.

•A $19 million increase in payments for coal deliveries, primarily due to increased generation at Ameren Missouri’s coal-fired energy centers in 2025.

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•A $16 million increase in restoration expenses related to major storms in 2025.

•A $9 million increase in property tax payments at Ameren Missouri, primarily due to higher assessed property tax values.

Ameren Missouri

Ameren Missouri’s cash provided by operating activities increased $185 million in the first six months of 2025, compared with the year-ago period. The following items contributed to the increase:

•