Ameren Corporation is an American power company formed in 1997 through the merger of Union Electric Company and Central Illinois Public Service Company. Headquartered in St. Louis, it operates as a holding company for various power and energy providers. Ameren serves 2.4 million electric and 900,000 natural gas customers across a significant area encompassing central and eastern Missouri, and most of southern Illinois.
Ameren successfully priced $400M in senior notes due 2036 and Ameren Missouri priced $900M in first mortgage bonds. These actions position the company for further grid investment while reshaping its debt profile.
Since 1921, Central Illinois Light Company (CILCO) had been paying a dividend.
In 1929, the Bagnell Dam was completed on the Osage River, generating approximately 175 megawatts of hydroelectricity for Missouri's Union Electric Company and creating the Lake of the Ozarks.
In 1931, Union Electric Light and Power began buying power from the Keokuk, IA dam, located 150 miles north of St. Louis, to augment their generating sources, and later bought the dam, providing 134 megawatts of hydroelectricity.
In 1952, Central Illinois Public Service Company (CIPS), a future Ameren constituent, became a major pooled energy power distributor with Union Electric Company, forming the Midwest Power Pool system.
In 1952, Illinois Power Company was the third partner of the Midwest Power Pool system.
In 1963, Union Electric completed construction of the Taum Sauk Plant, a 350-megawatt pumped storage plant in Reynolds County, Missouri.
In 1984, Union Electric added nuclear energy to its power generation mix with the Callaway Nuclear Generating Station in Callaway County, Missouri, providing 1,143 megawatts of power.
In 1991, Illinois Power reorganized as a holding company, Illinova Corporation.
NGC had been an integrated natural gas services company around since 1994.
In 1995, shareholders of CIPSCO Inc. and Union Electric Company approved the merger of the two companies to form Ameren Corporation.
By 1996, Central Illinois Light Company (CILCO) had grown to over US$150 million in assets.
By 1996, Illinova had grown to an S&P Midcap 400 stock, with over US$415 million in assets, and had brought the IP utility's debt down to US$1.8 billion by then.
Dynegy Inc. was created in June 1998 from the merger of Chevron's natural gas and natural gas liquids businesses with Dynegy's predecessor, NGC Corp.
A study published in Science used Medicare records to estimate the number of deaths tied to air pollution from coal plants, estimating that from 1999 to 2020, about 4,000 deaths were linked to “fine particulate matter” from Labadie.
On February 1, 2000, Illinova Corporation became a wholly-owned subsidiary of Dynegy Inc.
In 2000, Ameren formed AmerenEnergy Resources as a holding company with two subsidiaries: AmerenEnergy Marketing and AmerenEnergy Generating.
In 2002, Ameren Corporation announced a voluntary retirement program offered to approximately 1,000 of its 7,400 employees to realize significant long-term savings.
At the end of 2003, Ameren's chairman and chief executive, Charles Mueller, retired and was succeeded by Gary Rainwater.
In 2003, Ameren acquired CILCORP, Inc. and its subsidiary, Central Illinois Light Company (CILCO), from AES Corporation, after which CILCO began operating as AmerenCILCO.
In December 2004, Patrick T. Stokes, president and chief executive officer of Anheuser-Busch Cos., Inc., was elected to the Ameren board of directors.
In 2004, Ameren acquired Illinois Power Company from Dynegy Inc., after which the subsidiary began operating as AmerenIP.
On December 14, 2005, the Taum Sauk pumped storage plant, owned by Ameren Missouri, failed, causing damage and leading to fines and lawsuits.
From 2007 through 2010, Ameren undertook major modifications at the Rush Island Plant.
In 2009, AmerenUE signed an agreement to purchase 102 megawatts (MW) of wind power from Horizon Wind Energy's Pioneer Prairie Wind Farm in Iowa.
On April 21, 2010, the 450-megawatt Taum Sauk pumped storage hydroelectric plant began generating electricity again.
By 2010, AmerenUE fulfilled commitment to add 100 megawatts of renewable capacity to serve its Missouri customers.
Following the merger, Union Electric began doing business as AmerenUE, now known as Ameren Missouri. Today, with nine power plants Ameren Missouri serves 1.2 million power customers and 110,000 gas customers, primarily in Missouri, where more than half of its customers reside in the St. Louis metropolitan area. It also served Iowa as well through the mid-1990s, and served adjoining parts of Illinois until 2010.
From 2007 through 2010, Ameren undertook major modifications at the Rush Island Plant.
In at least 2010 and 2011, Labadie received notice of Clean Air Act violations from the EPA, cited for “major modifications that caused a significant net emissions increase” without obtaining proper permits.
In 2011, the EPA filed suit against Ameren Missouri concerning excess sulfur (SO2) emissions from the Rush Island Plant.
In June 2014, Ameren was removing contaminated soil from the site of a former coal gasification plant in Columbia, Missouri.
In September 2014, Ameren expected to complete contaminated soil removal from the former coal gasification plant in Columbia, Missouri.
In 2015, Ameren became the first major energy company to open an Innovation Center at the Research Park, University of Illinois at Urbana-Champaign.
In 2016, Ameren attempted to launch a pilot program to install electric vehicle charging stations but was denied by state utility regulators.
In 2016, Ameren was named 10th on Business Insider’s list of the 10 best energy companies to work for in America.
In January 2017, a District Court found Ameren liable for violating the Clean Air Act and ordered the company to equip its Rush Island plant with scrubbers.
On January 23, 2017, the District Court found that Ameren violated the Clean Air Act.
As of 2017, Ameren shares are mainly held by institutional investors.
In early 2018, Ameren launched the "Charge Ahead" program to incentivize the installation of charging stations and the adoption of commercial electric vehicles.
As of 2019 the city is considering purchasing the lot to create a public park.
In 2023, a Sierra Club report identified Ameren's Labadie Energy Center as one of the 17 deadliest coal plants in the U.S., urging the EPA to regulate harmful emissions that contribute to regional haze affecting nearby communities.
In 2024, Ameren decided to close the plant in 2024.
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