Company: AILIM
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001002910-25-000055
Chunk: 108

Company: Ameren Illinois Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 108
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 basis. The payout date of the awards is approximately 38 months after the grant date. The fair value of each restricted stock unit is determined by Ameren’s closing common share price on the grant date.Stock-Based Compensation ExpenseThe following table presents the stock-based compensation expense for the years ended December 31, 2024, 2023, and 2022:202420232022Ameren Missouri$8 $6 $4 Ameren Illinois4 4 2 Other(a)16 16 18 Ameren28 26 24 Less: Income tax benefit7 7 6 Stock-based compensation expense, net$21 $19 $18 (a)Represents compensation expense for employees of Ameren Services. These amounts are not included in the Ameren Missouri and Ameren Illinois amounts above.Ameren settled performance share units and restricted stock units of $24 million, $60 million, and $47 million for the years ended December 31, 2024, 2023, and 2022, respectively. There were no significant stock-based compensation costs capitalized during the years ended December 31, 2024, 2023, and 2022. As of December 31, 2024, total compensation cost of $39 million related to outstanding awards not yet recognized is expected to be recognized over a weighted-average period of 23 months.For the years ended December 31, 2024, 2023, and 2022, excess tax benefits (deficiencies) associated with the settlement of stock-based compensation awards reduced (increased) income tax expense by $(1) million, $6 million, and $5 million, respectively.

NOTE 12 – INCOME TAXES

IRAThe IRA was enacted in August 2022, and includes various income tax provisions, among other things. The law extends federal production and investment tax credits for projects beginning construction through 2024 and allows for a 10% adder to the production and investment tax credits for siting projects at existing energy communities as defined in the law, which includes sites previously used for coal-fired generation. The law also creates clean energy tax credits for projects beginning construction after 2024. The clean energy tax credits will apply to renewable energy production and investments, along with certain nuclear energy production, and will be phased out beginning in 2033, at the earliest. The phase-out is triggered when greenhouse gas emissions from the