Company: AILIM
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001002910-25-000055
Chunk: 271

Company: Ameren Illinois Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 271
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 gas held in storage, primarily at Ameren Illinois, due to changes in the market price of natural gas.

Ameren Missouri

Ameren Missouri’s cash provided by operating activities increased $182 million in 2024, compared with 2023. The following items contributed to the increase:

•A $117 million increase in income tax refunds, net, due to the transfer of production and investment tax credits to unrelated parties, as well as an income tax refund from Ameren (parent), pursuant to the tax allocation agreement, primarily due to lower taxable income compared to 2023.

•A $49 million increase resulting from increased customer collections primarily from base rate increases effective July 9, 2023, pursuant to the June 2023 electric rate order, partially offset by lower customer collections under cost recovery mechanisms.

•A $40 million increase due to higher purchases of materials and supplies inventories in 2023 to support operations as levels were increased to mitigate against potential supply disruptions.

•A $33 million increase due to the absence of nuclear refueling and maintenance outage payments in 2024 related to the Callaway Energy Center. The last scheduled refueling and maintenance outage was in the fall of 2023.

•A $31 million increase due to the timing of payments for accounts payable and prepaid expenses.

•A $20 million increase due to higher coal purchases in 2023 to bring coal inventories back to targeted levels after transportation delays experienced in 2022.

The following items partially offset the increase in Ameren Missouri’s cash from operating activities between periods:

•A $99 million increase in net collateral posted with counterparties, primarily due to changes in the market prices of power, natural gas, and other fuels.

•A $19 million increase in interest payments, primarily due to an increase in the average outstanding debt and an increase in interest rates.

Ameren Illinois

Ameren Illinois’ cash provided by operating activities increased $271 million in 2024, compared with 2023. The following items contributed to the increase:

•A $148 million increase due to an income tax refund from Ameren (parent), pursuant to the tax allocation agreement, primarily due to lower taxable income compared to 2023, mainly driven by the adoption of IRS issued guidance for the 2024 tax year that provided a safe harbor method of accounting for the capitalization or deduction of certain expenditures to maintain, repair, replace, or improve natural gas distribution property.

•A $139 million increase resulting from increased