Company: AILIM
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001002910-25-000112
Chunk: 175

Company: Ameren Illinois Co
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 175
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 material impacts on its results of operations, financial position, and liquidity in 2025. Implementation of the OBBBA provisions is subject to additional guidance, regulations, interpretations, amendments, or technical corrections that may be issued by the IRS or United States Department of Treasury.

•Pursuant to the IRA and the OBBBA discussed above, Ameren Missouri expects to transfer production and investment tax credits to unrelated parties of approximately $1.5 billion from 2025 to 2029. Proceeds from these transfers are included in Ameren Missouri’s tracker related to production and investment tax credits allowed under the IRA and the OBBBA or the RESRAM and are ultimately refunded to customers.

•In 2024, the IRS issued a series of private letter rulings to another taxpayer which provided guidance on applying IRS normalization rules to the calculation of tax benefits related to net operating loss carryforwards. The rulings concluded that for ratemaking purposes, net operating loss carryforwards should be reflected on a separate company basis and should not be reduced by payments received for the utilization of losses by other affiliates under a tax allocation agreement. While a private letter ruling issued to another taxpayer may not be relied on as precedent, Ameren Illinois and ATXI are evaluating this guidance and are addressing potential impacts of the private letter rulings with the ICC and FERC. For Ameren Illinois and ATXI, these impacts could result in material reductions to their regulatory liabilities related to excess deferred income taxes resulting from the TCJA. In addition, for Ameren Illinois, these impacts could result in a material increase to its accumulated deferred income tax assets for ratemaking purposes, which would result in an overall increase to its 

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rate base. Ameren Illinois and ATXI will record the impacts, if any, upon further evaluation with their respective regulatory commissions. Ameren Illinois expects these impacts to be evaluated by the ICC in its 2024 electric distribution service revenue requirement reconciliation adjustment proceeding and in its January 2025 natural gas rate review.

•As of June 30, 2025, Ameren had $182 million in tax benefits from federal and state income tax credit carryforwards, $193 million in tax benefits from federal and state net operating loss carryforwards, and $22 million in tax overpayments, refunds, and receivables, which will be utilized in future periods. Future expected income tax payments are based on expected taxable income, available income tax credit and net operating loss carryforwards, and current tax law. Expected taxable income is