Company: AILIM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001002910-25-000129
Chunk: 73

Company: Ameren Illinois Co
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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 2024, for the purpose of issuing and servicing securitized utility tariff bonds related to costs for the accelerated retirement of the Rush Island Energy Center. Ameren Missouri is the primary beneficiary of this entity because it has the power to direct the activities that most significantly impact the economic performance of the company, as well as the obligation to absorb losses or the right to receive benefits from the company. The entity is considered a variable interest entity primarily because its equity capitalization is insufficient to support its operations. The entity’s primary assets and liabilities are comprised of regulatory assets related to the unrecovered net plant balance associated with the facility, among other costs, and long-term debt. Ameren and Ameren Missouri consolidate AMF, which Ameren Missouri wholly owns, and both manages and controls the entity’s operating activities. For additional information on the securitization of the Rush Island Energy Center costs, see Note 2 – Rate and Regulatory Matters under Part II, Item 8, of the Form 10-K. For additional information on the securitized tariff bond issuance, see Note 5 – Long-term Debt and Equity Financings under Part II, Item 8, of the Form 10‑K.

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The following table presents the carrying values of AMF’s assets and liabilities included on Ameren’s and Ameren Missouri’s consolidated balance sheets as of September 30, 2025 and December 31, 2024:20252024Unbilled revenue(a)$4 $— Other current assets(a)(b) 46 2 Noncurrent regulatory assets(a)449 465 Current maturities of long-term debt(c)29 17 Interest accrued(c)18 1 Current regulatory liabilities(d)15 — Long-term debt, net(c)437 448 (a)Assets may be used only to meet AMF’s obligations and commitments.(b)Included in “Restricted cash” on Ameren Missouri’s balance sheet.(c)The securitized tariff bondholders have no recourse to Ameren Missouri.(d)Included in “Other current liabilities” on Ameren Missouri’s balance sheet.Variable Interest Entities that are Not ConsolidatedAs of September 30, 2025, and December 31, 2024, Ameren had unconsolidated variable interests in various equity method investments, primarily to advance innovative energy technologies, totaling $60 million and $74 million, respectively, included in “Other assets” on Ameren’s consolidated balance