Company: AILIM
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001002910-25-000055
Chunk: 270

Company: Ameren Illinois Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 270
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 increase:

•A $201 million increase resulting from increased customer collections primarily from base rate increases effective July 9, 2023, at Ameren Missouri pursuant to the June 2023 electric rate order, base rate increases effective November 28, 2023, at Ameren Illinois pursuant to the November 2023 natural gas rate order and electric transmission rate base growth, and increased customer collections under cost recovery mechanisms at Ameren Illinois, partially offset by lower customer collections under cost recovery mechanisms at Ameren Missouri.

•A $68 million increase in income tax refunds, net, due to the transfer of production and investment tax credits to unrelated parties and higher income tax refunds 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 

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expenditures to maintain, repair, replace, or improve natural gas distribution property.

•A $37 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 $24 million increase due to higher major storm restoration costs in 2023, primarily at Ameren Illinois, due to storms in the summer of 2023.

•A $22 million increase due to insurance proceeds received in 2024 related to workers’ compensation payments made in the 2023 at Ameren Illinois.

•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.

•A $20 million decrease in payments related to charitable donations.

•A $16 million increase due to workers’ compensation payments made in 2023 at Ameren Illinois.

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

•A $148 million increase in net collateral posted with counterparties, primarily due to changes in the market prices of power, natural gas, and other fuels.

•A $65 million increase in interest payments, primarily due to an increase in the average outstanding debt and an increase in interest rates.

•A $32 million increase in the cost of natural