St. Louis-Based Ameren Corp: A Leading Public Utility
Ameren Corp, a prominent public utility company based in St. Louis, provides essential services to 2.4 million electric customers and 900,000 natural gas customers through its regulated subsidiaries, Ameren Missouri and Ameren Illinois. These customers are primarily located in central and eastern Missouri and southern Illinois.
Diversified Services and Generating Capacity
Ameren Missouri offers vertically integrated electric service, boasting a substantial generating capacity of 10,800 megawatts. Meanwhile, Ameren Illinois provides electric transmission services as well as natural gas delivery. The company’s subsidiary, Ameren Transmission Co. of Illinois, focuses on developing regional electric transmission projects. Additionally, Ameren operates a nuclear-generating facility, which contributes to its diversified energy portfolio.
Electricity Dominates Revenue Stream
In 2023, electricity accounted for a significant 83% of the company’s total revenues. This underscores the importance of Ameren’s electric services to its overall business model.
Commitment to Expansion and Infrastructure Improvements
Ameren’s management is dedicated to expanding its electric and gas services, as well as investing in infrastructure improvements within its regulated service territories. The company has deliberately exited the volatile non-regulated merchant energy business and has shown little interest in acquiring non-regulated assets.
Fuel Mix and Generating Capacity
Ameren’s generating capacity is comprised of a mix of fuel sources. As of 2023, the fuel mix consists of approximately 44% coal, 12% nuclear, 29% natural gas/oil, and 15% renewables. Although the company operates several nuclear generators, it still relies heavily on coal.
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