Ameren Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed on January 14, 2004, by Ameren Corporation and its subsidiary, Union Electric Company (AmerenUE). The filing addresses a regulatory settlement regarding natural gas delivery rates approved by the Missouri Public Service Commission (MPSC).
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue totals, profit figures, cash flow, margins, debt, or liquidity metrics. The only specific financial impact disclosed is the projected increase in operating revenues resulting from the rate settlement.
- Projected Revenue Impact: Approximately $13 million annually in increased operating revenues for AmerenUE.
Material Changes
The material change reported is the MPSC's approval on January 13, 2004, of a settlement regarding AmerenUE's May 2003 request for increased natural gas delivery rates. This approval supersedes the pending request discussed in a prior Form 8-K dated December 10, 2003.
Outlook, Risks, and Management Commentary
Management announced the settlement via a press release incorporated as Exhibit 99.1. The approval authorizes new natural gas delivery rates effective immediately following the MPSC decision. The filing contains no specific guidance on future earnings beyond the stated annual revenue increase, nor does it detail new risks or contingencies beyond the resolution of the rate case.
Key Facts for Investor Verification
- Verify the effective date of the new natural gas delivery rates authorized by the MPSC.
- Confirm the exact annual revenue increase of $13 million and its impact on AmerenUE's specific rate base.
- Review the attached press release (Exhibit 99.1) for details on the settlement terms.
- Note that this filing does not include pro forma financial information or updated consolidated financial statements.