Company: UEPCP
Filing Date: 2025-11-24
Form Type: 8-K
Source: 0001104659-25-115502
Chunk: 1

Company: UNION ELECTRIC CO
Filing Date: 2025-11-24
Form: 8-K
Item: Item 8.01
Chunk 1
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 Load Order further provides
for certain customer credit and collateral requirements, including a base collateral requirement equivalent to two years of minimum monthly
bills, subject to an exemption of up to 60% of such collateral requirement for customers that meet certain credit rating thresholds.

The Large
Load Order also includes an earnings sharing mechanism that is expected to apply if Ameren Missouri’s earned return on equity (“ ROE”)
for the calendar year exceeds the midpoint of the MoPSC staff’s recommended ROE range in Ameren Missouri’s 2024 electric
service regulatory rate review (9.74%), as subsequently adjusted by MoPSC orders in future Ameren Missouri electric service regulatory
rate reviews. In that event, 65% of the exceedance will be deferred to a regulatory liability to be returned to retail electric customers
in a future rate review. In addition, if large-load customer revenues from energy-based charges are reduced in a calendar year due to
a force majeure event, as determined by the MoPSC, Ameren Missouri may defer a portion of the reduced revenues to a regulatory asset
to be included in Ameren Missouri’s revenue requirement in the next succeeding rate case.

This
combined Form 8-K is being filed separately by Ameren Corporation and Union Electric Company. Information contained herein relating to
any individual registrant has been filed by such registrant on its own behalf. No registrant makes any representation as to information
relating to any other registrant.

SIGNATURES