Business Context and Reporting Period
Company: Ameren Corporation
Filing Type: Form 8-K (Current Report)
Date: January 22, 2003
Event: Regulatory update regarding the proposed acquisition of CILCORP Inc. from The AES Corporation.
Key Financial Metrics
This filing is a current report regarding a corporate event and does not contain financial statements for a specific reporting period. However, the attached press release provides the following historical data for context:
- Ameren Corporation (2001): $10 billion in assets; $4.5 billion in revenues.
- CILCORP Inc. (2001): $1.8 billion in assets; $815 million in revenues.
- Customer Base: Ameren serves 1.5 million electric and 300,000 natural gas customers. CILCORP's largest subsidiary, CILCO, serves 200,000 electric and over 200,000 natural gas customers.
Note: Revenue, profit, cash flow, margins, debt, and liquidity figures for the current period are not provided in this filing.
Material Changes and Regulatory Status
The primary material change is the progression of the CILCORP acquisition:
- Department of Justice (DOJ): Completed its antitrust review under the Hart-Scott-Rodino Act.
- Illinois Commerce Commission (ICC): Granted approval on December 4, 2002.
- Federal Energy Regulatory Commission (FERC): Granted approval on November 20, 2002.
- Remaining Approval: The Securities and Exchange Commission (SEC) is the only remaining regulatory body required to approve the transaction.
Outlook and Management Commentary
Transaction Timeline: Management anticipates the transaction will close early in the first quarter of 2003, pending SEC approval.
Risk Factors: The filing includes a Safe Harbor Statement noting that actual events and results may differ materially from projections. Investors are directed to Ameren's other SEC filings for a discussion of risk factors.
Key Facts for Investor Verification
- Verify the status of the pending SEC approval required to close the CILCORP acquisition.
- Confirm the expected closing date within the first quarter of 2003.
- Review Ameren's other SEC filings for detailed risk factors associated with the acquisition and integration.
- Monitor for any subsequent filings regarding the final consummation of the deal.