Company: AILIM
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001002910-25-000055
Chunk: 272

Company: Ameren Illinois Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 272
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 customer collections primarily from base rate increases effective November 28, 2023, pursuant to the November 2023 natural gas rate order and electric transmission rate base growth, and by increased customer collections under cost recovery mechanisms.

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Table of Contents

•A $34 million increase due to the timing of payments for accounts payable and prepaid expenses.

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

•A $20 million increase due to workers’ compensation payments made in 2023.

•A $19 million increase due to higher major storm restoration costs in 2023 due to storms in the summer of 2023.

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

•A $43 million increase in net collateral posted with counterparties, primarily due to changes in the market prices of power and natural gas.

•A $29 million increase in the cost of natural gas held in storage due to changes in the market price of natural gas.

•An $18 million increase in interest payments, primarily due to an increase in the average outstanding debt and an increase in interest rates.

Cash Flows from Investing Activities

Ameren’s cash used in investing activities increased $658 million during 2024, compared with 2023, primarily as a result of a $722 million increase in capital expenditures, largely resulting from the acquisitions and completion of the Cass County, Boomtown, and Huck Finn energy centers at Ameren Missouri. Ameren’s increase in capital expenditures was partially offset by decreased expenditures for electric transmission infrastructure upgrades, reduced expenditures for electric distribution infrastructure upgrades and natural gas infrastructure upgrades due to steps taken by Ameren Illinois to align its 2024 operations with the ICC’s MYRP orders and November 2023 natural gas rate order, and due to decreased storm-related expenditures of $92 million at Ameren Illinois. Ameren’s cash used in investing activities was also partially offset by an $83 million decrease due to the timing of nuclear fuel expenditures.

Ameren Missouri’s cash used in investing activities increased $938 million during 2024, compared with 2023, primarily as a result of a $952 million increase in capital expenditures, largely resulting from the acquisitions and completion of the Cass County, Boomtown, and Huck Finn energy centers. Ameren Missouri’s cash used in investing activities also increased as a result of a $43 million increase in net money pool advances,