Company: AILIM
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001002910-25-000098
Chunk: 74

Company: Ameren Illinois Co
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 2025, and December 31, 2024, all commodity contracts that met the definition of a derivative and were not eligible for the NPNS exception received regulatory deferral. Interest rate hedges discussed below do not receive regulatory deferral and were included in accumulated OCI. The cash flows from our derivative financial instruments follow the cash flow classification of the hedged item.Starting in 2024, Ameren (parent) entered into interest rate swaps to hedge a portion of its interest rate risk on cash flows related to forecasted debt issuances through 2026. The interest rate swaps are designated as cash flow hedges and the corresponding changes in fair value each period are initially recorded on the balance sheet in “Accumulated other comprehensive loss” and reclassified into earnings when the debt is issued and the corresponding interest payments affect earnings during the debt term. As of March 31, 2025, and December 31, 2024, Ameren had interest rate swaps with notional amounts of $280 million and $140 million respectively. Ameren recorded an unrealized net loss on the change in fair value of interest rate swaps of $4 million to "Accumulated other comprehensive loss" for the period ending March 31, 2025.The following table presents open gross commodity contract volumes by commodity type for derivative assets and liabilities as of March 31, 2025, and December 31, 2024. As of March 31, 2025, these contracts extended through October 2028, October 2030 and May 2032 for fuel oils, natural gas, and power, respectively.Quantity (in millions, except as indicated)March 31, 2025December 31, 2024CommodityAmeren MissouriAmeren IllinoisAmerenAmeren MissouriAmeren IllinoisAmerenFuel oils (in gallons)24 — 24 23 — 23 Natural gas (in mmbtu)47 221 268 45 213 258 Power (in MWhs)— 4 4 — 4 4 The following table presents the carrying value and balance sheet location of all derivative commodity contracts, none of which were designated as hedging instruments because all qualify for regulatory deferral, as of March 31, 2025, and December 31, 2024:March 31, 2025December 31, 2024Balance Sheet LocationAmerenMissouriAmer