Company: UEPCP
Filing Date: 2025-11-24
Form Type: 8-K
Source: 0001104659-25-115502
Chunk: 0

Company: UNION ELECTRIC CO
Filing Date: 2025-11-24
Form: 8-K
Item: Item 8.01
Chunk 0
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ITEM 8.01      Other    

Reference
is made to Note 2 - Rate and Regulatory Matters to the financial statements under Part I, Item 1. Financial Statements and to Overview
and Outlook under Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, each in
the Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, of registrants Ameren Corporation and Union Electric Company,
doing business as Ameren Missouri (“ Ameren Missouri”), for a discussion of Ameren Missouri’s request to modify its
existing large primary service tariff (the “ Large Load Customer Rate Plan”), which was filed with the Missouri Public Service
Commission (the “ MoPSC”) in May 2025 and updated in November 2025.

On
November 24, 2025, the MoPSC issued an order (the “ Large Load Order”) approving an amended non-unanimous global
stipulation and agreement among Ameren Missouri, the staff of the MoPSC, and all other intervenors
in the Large Load Customer Rate Plan proceeding, other than the Missouri Office of Public Counsel, which did not object.

The
Large Load Order applies to electric service provided to (i) new facilities with a monthly load demand expected to be 75 megawatts
or more, and (ii) existing customers that have a monthly load demand that is expected to expand by 75 megawatts or more. Such
customers will be required to enter into an electric service agreement (“ ESA”) that specifies certain provisions of
their electric service. The ESAs will have a minimum service term of 12 years plus a ramp period of up to five years to
reach peak demand. Under the ESAs, customers must pay demand charges on a minimum of 80% of contracted capacity and provide written
notice of service termination at least 24 months in advance. Termination of an ESA during the
ramp period will result in an exit fee equivalent to the customer’s minimum monthly bill multiplied by the number of months in
the remaining term of the ramp period plus 60 months. Termination of an ESA after the ramp period will result in an exit fee
equivalent to the customer’s minimum monthly bill multiplied by the lesser of (i) 60 months or (ii) the number of months
remaining in the applicable ESA term. An additional fee will apply if a customer seeks termination with less than 24 months’
notice. The Large