Company: AILIM
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001002910-25-000098
Chunk: 60

Company: Ameren Illinois Co
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 60
---
 of results that may be expected for a full year. These financial statements contained in this Form 10-Q should be read in conjunction with the financial statements and accompanying notes included in the Form 10-K.Variable Interest EntitiesVariable Interest Entities that are ConsolidatedAMF was formed in 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.

16

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 March 31, 2025 and December 31, 2024:20252024Unbilled revenue(a)$2 $— Other current assets(a) 15 2 Noncurrent regulatory assets(a)459 465 Current maturities of long-term debt(b)17 17 Interest accrued (b)6 1 Current regulatory liabilities(c)5 — Long-term debt, net(b)449 448 (a)Assets may be used only to meet AMF’s obligations and commitments.(b)The securitized tariff bondholders have no recourse to Ameren Missouri.(c)Included in “Other current liabilities” on Ameren Missouri’s balance sheet.Variable Interest Entities that are Not ConsolidatedAs of March 31, 2025, and December 31, 2024, Ameren had unconsolidated variable interests