Company: AILIM
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001002910-25-000055
Chunk: 278

Company: Ameren Illinois Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 278
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 agreements, commercial paper issuances, and/or, in the case of Ameren Missouri and Ameren Illinois, short-term affiliate borrowings. See Note 4 – Short-term Debt and Liquidity under Part II, Item 8, of this report for additional information on credit agreements, commercial paper issuances, Ameren’s money pool arrangements and related borrowings, and relevant interest rates.

The following table presents Ameren’s consolidated net available liquidity as of December 31, 2024:

Available at December 31, 2024Ameren (parent) and Ameren Missouri(a):Missouri Credit Agreement – borrowing capacity$1,400 Less: Ameren (parent) commercial paper outstanding621 Less: Letters of credit18 Missouri Credit Agreement – subtotal761 Ameren (parent) and Ameren Illinois(b):Illinois Credit Agreement – borrowing capacity1,200 Less: Ameren (parent) commercial paper outstanding434 Less: Ameren Illinois commercial paper outstanding88 Less: Letters of credit4 Illinois Credit Agreement – subtotal674 Subtotal$1,435 Cash and cash equivalents7 Net available liquidity(c)$1,442 

(a)     The maximum aggregate amount available to both Ameren (parent) and Ameren Missouri under the Missouri Credit Agreement is $1 billion.

(b)     The maximum aggregate amount available to Ameren (parent) and Ameren Illinois under the Illinois Credit Agreement is $700 million and $1 billion, respectively.

(c)     Does not include Ameren’s forward equity sale agreements. See Note 5 – Long-term Debt and Equity Financings under Part II, Item 8, of this report for additional information.

The Credit Agreements, among other things, provide $2.6 billion of credit until maturity in December 2028. See Note 4 – Short-term Debt and Liquidity under Part II, Item 8, of this report for additional information on the Credit Agreements. During the year ended December 31, 2024, Ameren (parent), Ameren Missouri, and Ameren Illinois each issued commercial paper. Borrowings under the Credit Agreements and commercial paper issuances are based upon available interest rates at that time of the borrowing or issuance.

Ameren has a money pool agreement with and among its utility subsidiaries to coordinate and to provide for certain short-term cash and working capital requirements. As short-term capital needs arise, and based on availability