Company: AILIM
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001002910-25-000055
Chunk: 88

Company: Ameren Illinois Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 88
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enAmerenMissouriAmerenIllinoisAmerenBeginning balance at January 1$4 $(68)$(64)$12 $(33)$(21)Realized and unrealized gains (losses) included in regulatory assets/liabilities12 (1)11 1 (48)(47)Settlements(10)16 6 (9)13 4 Ending balance at December 31$6 $(53)$(47)$4 $(68)$(64)Change in unrealized gains (losses) related to assets/liabilities held at December 31$6 $3 $9 $4 $(36)$(32)All gains or losses related to our Level 3 derivative commodity contracts are expected to be recovered or returned through customer rates; therefore, there is no impact to either net income or OCI resulting from changes in the fair value of these instruments.The following table describes the valuation techniques and significant unobservable inputs utilized for the fair value of our Level 3 power derivative contract assets and liabilities as of December 31, 2024 and 2023:Fair ValueWeighted Average(b)CommodityAssetsLiabilitiesValuation Technique(s)Unobservable Input(a)Range2024Power(c)$6 $(53)Discounted cash flowAverage forward peak and off-peak pricing – forwards/swaps ($/MWh)32 – 6945Nodal basis ($/MWh)(8) – (2)(5)2023Power(c)$5 $(69)Discounted cash flowAverage forward peak and off-peak pricing – forwards/swaps ($/MWh)31 – 6543Nodal basis ($/MWh)(8) – (1)(5)(a)Generally, significant increases (decreases) in these inputs in isolation would result in a significantly higher (lower) fair value measurement.(b)Unobservable inputs were weighted by relative fair value.(c)Valuations use visible forward prices adjusted for nodal-to-hub basis differentials.The following table sets forth the carrying amount and, by level within the fair value hierarchy, the fair value of long-term debt (including current portion), disclosed, but not recorded, at at fair value as of December 31, 2024 and 2023:CarryingAmount(a)Fair ValueLong-Term Debt (Including Current Portion):Level 2Level 3TotalDecember 31, 2024Ameren(b)17,579