Company: AILIM
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001002910-25-000112
Chunk: 104

Company: Ameren Illinois Co
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 104
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 investment tax credits for battery storage projects that begin construction by the end of 2033 and phase out by the end of 2035. Renewable energy projects that begin construction in 2026 and beyond that use a certain threshold percentage of materials from prohibited foreign entities, as defined in the OBBBA, are not eligible for the tax credits. Production tax credits associated with nuclear generation remain unchanged from the IRA and phase out by the end of 2032. Furthermore, the new law continues to allow for transferability of the production and investment tax credits to an unrelated party for cash but is restricted from being transferred to specified foreign entities, as defined in the OBBBA. Ameren is currently evaluating the OBBBA and guidance issued in connection with the OBBBA and does not expect any material impacts on its results of operations, financial position, and liquidity in 2025. Implementation of the OBBBA provisions is subject to additional guidance, regulations, interpretations, amendments, or technical corrections that may be issued by the IRS or United States Department of Treasury.The following table presents a reconciliation of the federal statutory corporate income tax rate to the effective income tax rate for the three and six months ended June 30, 2025 and 2024:AmerenAmeren MissouriAmeren Illinois202520242025202420252024Three MonthsFederal statutory corporate income tax rate21 %21 %21 %21 %21 %21 %Increases (decreases) from:Amortization of excess deferred taxes(a)(7)(8)(10)(14)(4)(4)Amortization of deferred investment tax credit(1)— (1)— — — Renewable and other tax credits(b)(4)(4)(7)(8)— — State tax5 5 3 3 7 7 Depreciation differences(1)(1)(1)(1)(1)— Effective income tax rate13 %13 %5 %1 %23 %24 %Six MonthsFederal statutory corporate income tax rate21 %21 %21 %21 %21 %21 %Increases (decreases) from:Amortization of excess deferred taxes(a)(7)(8)(10)(14)(4)(4)Amortization of deferred investment tax credit(1)— (1)— — — Renewable and other tax credits(b)(4)(4)(7)(8)— — State