The following factors, in addition to those discussed under Risk Factors in Ameren's Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, and elsewhere in this release and in our other filings with the Securities and Exchange Commission, could cause actual results to differ materially from management expectations suggested in such forward-looking statements: New factors emerge from time to time, and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained or implied in any forward-looking statement. "We are focused on strong long-term execution of our strategy, which includes investments to modernize the energy grid and transition to a cleaner energy portfolio in a responsible fashion. Ameren Illinois Electric Distribution 2021 earnings were $165 million, compared to 2020 earnings of $143 million. Since 2015, consumers have lost more than $1 billion to alternative power suppliers. Copyright 2021 Illinois Senate Republicans, Springfield OfficeA-Section Stratton Building, Office LSpringfield, IL 62707P: 217-782-8206, District Office20 CottonwoodChatham, IL 62629P: 217-245-7456, District Office229 S. Main Street, Unit BJacksonville, IL 62650P: 217-245-7456. Jennifer Walling is executive director of the Illinois Environmental Council, a key CEJA backer. Downstate does not," he. When typing in this field, a list of search results will appear and be automatically updated as you type. A controlled brownout is when an energy company plans to turn off connectivity for a set amount of time (example: 1-2 hours per day). If your community has negotiated a power deal with a supplier, it's possible the price is lower than Ameren's supply rate. The increase is a result of many factors that have created the perfect storm. On April 20, 2022, Ameren electric received electric rate results from the regional grid operator (MISO), which include an increase from $5/megawatt to $236/megawatt and will now cause Ameren electric rates to increase beginning June 1. Electric Rates | Ameren Illinois - Ameren Illinois Residential Business Our Company Outages Support ACCOUNT Back to Rates Electric Rates Find rate information and service tariffs for Ameren Illinois residential electric service. Energy will cost about $89 a megawatt hour starting this June, up from $29 per megawatt hour last year. According to the Illinois Commerce Commission (ICC), Ameren's summer "price to compare"the rate customers should compare with alternative supplier offersfrom June 1 to September 30 will be: Note:This rate includes the supply price, a transmission charge and a supply cost adjustment. In fact, ComEd customers are expected to receive a rebate of about 3.1 cents per kilowatt-hour because the law guarantees those nuclear plants a flat price and doesnt allow them to collect more. Kolata said there are some ways consumers can be proactive, however. Currently, the new market prices are only having an impact on Ameren electric customers; however, all service providers that rely on the MISO grid for power may be impacted and affected by potential future brownouts due to a lack of energy capacity. ER-2022-0337 when . Ameren Illinois offers a program, and more information can be found on their website at the following: Low Income Home Energy Assistance Program (LIHEAP) is a federally funded program that provides qualifying households with monetary relief for their energy bills. In 2023, the state is launching a new system to set rates for the next four years. Ameren Illinois Natural Gas earnings also benefited from higher delivery service rates effective in late January 2021. Lyons said Ameren Missouri's investments have made a difference for customers. On Thursday, April 14, Ameren announced it was requesting that the Illinois Commerce Commission (ICC) increase the utility's delivery rates by $83,187,000.00.The ICC will rule on the case in December, and new rates would take effect on Jan. 1. It is a valid concern that Illinoisans might have electricity disruptions this summer, likely by planned brownouts. I don't think those things are going to happen," Walling said. Electric rates today are 8.3% lower than they were in 2017. A new rate-setting formula system created by CEJA is set to take effect following this cycle. Ameren will conduct a conference call for financial analysts at 9 a.m. Central Time on Friday, Feb. 18, to discuss 2021 earnings, earnings guidance and other matters. No. Ameren: This component includes the cost to construct and maintain the delivery system to get electricity from the supplier to the customer. For Ameren Missouri's natural gas customers, largely located in central and southeast Missouri, the adjustment in base rates would cost about $4 a month for the average residential customer. Dialing up your thermostat can save up to 10 percent on your air conditioning bill. "(It's) going to be difficult, but there are things that can be done.". "Take advantage of our energy efficiency programs to help to get prepared for that. Union Electric Company Ameren Missouri natural gas customers will see rates change under a filing that will take effect on November 1, 2022. This would be caused by consistently high weather temperatures and added pressures to the electric service grid. For Ameren Missouri's natural gas customers, largely located in central and southeast Missouri, the adjustment in base rates would cost about $4 a month for the average residential customer. I think Illinois is well positioned to take advantage of those, and is taking advantage of those, but that's not going to help all that much for this year," he said. Not only will this rate increase lead to higher electric bills that customers can expect to see in late June/early July, but there will also be the potential for controlled outages and brownouts this summer. So I think that's consistent. However, ComEd customers were already paying more on their bills for the nuclear plant subsidy due to the Pritzker Climate law (SB 2408) which passed in September of 2021. Non-Residential Rates - Ameren Illinois Non-Residential Rates Electric and Natural Gas Rates The energy charges you see on your monthly energy bill statement are divided into two main categories: Delivery and Supply. Should Ameren need to implement a controlled brownout, customers can expect to get notice ahead of time. Ameren Missouri's request will be carefully reviewed by the PSC and many other stakeholders during a process that can take up to 11 months. What is a kilowatt hour? The . Should Ameren need to implement a controlled brownout, customers can expect to get notice ahead of time. Power supply prices are going up because of global market pressures, and recent public policy has prioritized renewable energy (solar and wind)which has resulted in many fossil fuel plants closing, creating a capacity shortage in the region that covers Ameren Illinois customers. acts of sabotage, war, terrorism, or other intentionally disruptive acts. You together with NPR donors across the country create a more informed public. "We're optimistic that the supply will be there when we need it. Additionally, qualifying households can take part in the Low Income Home Energy Assistance Program (LIHEAP), which is the federally-fund program that provides monetary relief for energy bills. Ameren Electric Rates Increasing On April 20, 2022, Ameren Illinois received electric rate results from the regional grid operator (MISO), which include an increase from $5/megawatt to $236/megawatt and will now cause Ameren electric rates to increase significantly, more than 40 percent, beginning June 1. (More about Your Electric Supply Options.) Energy will cost about $89 a megawatt hour starting this June, up from $29 per megawatt hour last year. Ameren Missouri has reduced electric rates in two previous rate adjustments a 6% reduction in 2018 and a 1.5% reduction in 2020. The new system-created by the landmark . Ameren's multi-year earnings growth is expected to be driven by strong projected rate base growth of approximately 7% compounded annually from 2021 through 2026. They must pass onto customers what they pay for the electricity with no markup. When Ameren Missouri filed its natural gas rate case on March 31, 2021, it sought to increase annual natural gas revenues by approximately $9.4 million. Keep the lines of communication open this summer. This rebate should offset the increase in power prices, but only for now. Ameren Illinois provides electric transmission and distribution service and natural gas distribution service. "There's a surprising number of energy efficiency programs for example, where you're basically getting the service for free, and that can make a big difference on your bill. "We urge people to take safe, energy-efficient actions at home to stay cool and ease the pain of this price spike. Rather, it's Economics 101. The Russian invasion of Ukraine made a bad situation worse. Illinois does regulate delivery (formula) rates, which comprise one-third of customers bills. Set your refrigerator to keep your food at 38 degrees. These statements include (without limitation) statements as to future expectations, beliefs, plans, projections, strategies, targets, estimates, objectives, events, conditions, and financial performance. The rate increase is a result of many factors, including power supply prices going up because of global market pressures and a capacity shortage in the region that covers Ameren Illinois customers. The cost of energy supply makes up about one-half to two-thirds of a customers energy bill and is passed directly, dollar-for-dollar, with no mark-up. A $580 a year price hike will lead some Ameren customers to conserve on energy to offset costs. Brownouts are most likely to become a problem this summer, with warmer-than-average temperatures expected throughout much of the MISO region. Should Ameren need to implement a controlled brownout, customers can expect to get notice ahead of time. Whenever a light bulb burns out, replace it with a compact fluorescent light bulb. regulatory, judicial, or legislative actions, and any changes in regulatory policies and ratemaking determinations, that may change regulatory recovery mechanisms, such as those that may result from the impact of a final ruling to be issued by the United States Court for the Eastern District of Missouri regarding its September 2019 remedy order for the Rush Island Energy Center, the July 2020 appeal filed by Ameren Missouri, Ameren Illinois, and Ameren Transmission Company of Illinois (ATXI) challenging the refund period related to the FERC's May 2020 order determining the allowed base return on common equity (ROE) under the Midcontinent Independent System Operator (MISO) tariff, and the July 2020 appeal filed by Ameren Missouri, Ameren Illinois, and ATXI challenging the FERC's rehearing denials in the transmission formula rate revision cases; the length and severity of the COVID-19 pandemic, and its impacts on our business continuity plans and our results of operations, financial position, and liquidity, including but not limited to: changes in customer demand resulting in changes to sales volumes; customers' payment for our services and their use of deferred payment arrangements; the health, welfare, and availability of our workforce and contractors; supplier disruptions; delays in the completion of construction projects, which could impact our expected capital expenditures and rate base growth; changes in how we operate our business and increased data security risks as a result of remote working arrangements for a significant portion of our workforce; and our ability to access the capital markets on reasonable terms and when needed; the effect of Ameren Illinois' use of the performance-based formula ratemaking framework for its electric distribution service under the Illinois Energy Infrastructure Modernization Act, which will establish and allow for a reconciliation of electric distribution service rates through 2023, its participation in electric energy-efficiency programs, and the related impact of the direct relationship between Ameren Illinois' ROE and the 30-year United States Treasury bond yields; the effect and duration of Ameren Illinois' election to either utilize traditional regulatory rate reviews or Multi-Year Rate Plans for electric distribution service ratemaking effective for rates beginning in 2024; the effect on Ameren Missouri's investment plan and earnings if an extension to use PISA is not sought by Ameren Missouri or approved by the Missouri Public Service Commission (MoPSC); the effect on Ameren Missouri of any customer rate caps pursuant to Ameren Missouri's election to use the plant-in-service accounting (PISA), including an extension of use beyond 2023, if requested by Ameren Missouri and approved by the MoPSC; the effects of changes in federal, state, or local laws and other governmental actions, including monetary, fiscal, and energy policies; the effects of changes in federal, state, or local tax laws, regulations, interpretations, or rates, and challenges to the tax positions we have taken, if any, as well as resulting effects on customer rates; the effects on energy prices and demand for our services resulting from technological advances, including advances in customer energy efficiency, electric vehicles, electrification of various industries, energy storage, and private generation sources, which generate electricity at the site of consumption and are becoming more cost-competitive; the effectiveness of Ameren Missouri's customer energy-efficiency programs and the related revenues and performance incentives earned under its Missouri Energy Efficiency Investment Act (MEEIA) programs; Ameren Illinois' ability to achieve the performance standards applicable to its electric distribution business and electric customer energy-efficiency goals and the resulting impact on its allowed ROE; our ability to control costs and make substantial investments in our businesses, including our ability to recover costs and investments, and to earn our allowed ROEs, within frameworks established by our regulators, while maintaining affordability of our services for our customers; the cost and availability of fuel, such as low-sulfur coal, natural gas, and enriched uranium used to produce electricity; the cost and availability of purchased power, zero emission credits, renewable energy credits, emission allowances, and natural gas for distribution; and the level and volatility of future market prices for such commodities and credits; disruptions in the delivery of fuel, failure of our fuel suppliers to provide adequate quantities or quality of fuel, or lack of adequate inventories of fuel, including nuclear fuel assemblies from the one Nuclear Regulatory Commission-licensed supplier of Ameren Missouri's Callaway Energy Center assemblies; the cost and availability of transmission capacity for the energy generated by Ameren Missouri's energy centers or required to satisfy Ameren Missouri's energy sales; the effectiveness of our risk management strategies and our use of financial and derivative instruments; the ability to obtain sufficient insurance, or in the absence of insurance, the ability to timely recover uninsured losses from our customers; the impact of cyberattacks on us or our suppliers, which could, among other things, result in the loss of operational control of energy centers and electric and natural gas transmission and distribution systems and/or the loss of data, such as customer, employee, financial, and operating system information; business and economic conditions, which have been affected by, and will be affected by the length and severity of, the COVID-19 pandemic, including the impact of such conditions on interest rates and inflation; disruptions of the capital markets, deterioration in our credit metrics, or other events that may have an adverse effect on the cost or availability of capital, including short-term credit and liquidity; the actions of credit rating agencies and the effects of such actions, including any impacts on our credit ratings that may result from the economic conditions of the COVID-19 pandemic; the inability of our counterparties to meet their obligations with respect to contracts, credit agreements, and financial instruments, including as they relate to the construction and acquisition of electric and natural gas utility infrastructure and the ability of counterparties to complete projects which is dependent upon the availability of necessary materials and equipment, including those that are affected by disruptions in the global supply chain caused by the COVID-19 pandemic; the impact of weather conditions and other natural phenomena on us and our customers, including the impact of system outages and the level of wind and solar resources; the construction, installation, performance, and cost recovery of generation, transmission, and distribution assets; the effects of failures of electric generation, electric and natural gas transmission or distribution, or natural gas storage facilities systems and equipment, which could result in unanticipated liabilities or unplanned outages; the operation of Ameren Missouri's Callaway Energy Center, including planned and unplanned outages, as well as the ability to recover costs associated with such outages and the impact of such outages on off-system sales and purchased power, among other things; Ameren Missouri's ability to recover the remaining investment and decommissioning costs associated with the retirement of an energy center, as well as the ability to earn a return on that remaining investment and those decommissioning costs; the impact of current environmental laws and new, more stringent, or changing requirements, including those related to the New Source Review and carbon dioxide, other emissions and discharges, Illinois emission standards, cooling water intake structures, coal combustion residuals, energy efficiency, and wildlife protection, that could limit or terminate the operation of certain of Ameren Missouri's energy centers, increase our operating costs or investment requirements, result in an impairment of our assets, cause us to sell our assets, reduce our customers' demand for electricity or natural gas, or otherwise have a negative financial effect; the impact of complying with renewable energy standards in Missouri and Illinois and with the zero emission standard in Illinois; Ameren Missouri's ability to construct and/or acquire wind, solar, and other renewable energy generation facilities, retire energy centers, and implement new or existing customer energy efficiency programs, including any such construction, acquisition, retirement, or implementation in connection with its Smart Energy Plan, integrated resource plan, or emissions reduction goals, and to recover its cost of investment, related return, and in the case of customer energy-efficiency programs, any lost margins in a timely manner, which is affected by the ability to obtain all necessary regulatory and project approvals, including certificates of convenience and necessity from the MoPSC or any other required approvals for the addition of renewable resources; the availability of federal production and investment tax credits related to renewable energy and Ameren Missouri's ability to use such credits; the cost of wind, solar, and other renewable generation and storage technologies; and our ability to obtain timely interconnection agreements with the MISO or other regional transmission organizations at an acceptable cost for each facility; advancements in carbon-free generation and storage technologies, and the impact of constructive federal and state energy and economic policies with respect to those technologies; labor disputes, work force reductions, changes in future wage and employee benefits costs, including those resulting from changes in discount rates, mortality tables, returns on benefit plan assets, and other assumptions; the impact of negative opinions of us or our utility services that our customers, investors, legislators, regulators or other stakeholders may have or develop, which could result from a variety of factors, including failures in system reliability, failure to implement our investment plans or to protect sensitive customer information, increases in rates, negative media coverage, or concerns about environmental, social, and/or governance practices; the impact of adopting new accounting guidance; the effects of strategic initiatives, including mergers, acquisitions, and divestitures; legal and administrative proceedings; and. 2023. SPRINGFIELD, Ill. (WICS/WRSP) Temperatures are warming up, but starting in June Ameren electricity customers will now have to pay more to keep the lights on and their homes cooled. These factors were partially offset by higher operations and maintenance expense at Ameren Missouri and Ameren Illinois natural gas, in addition to lower retail sales at Ameren Missouri driven by milder-than-normal winter temperatures compared to near-normal winter temperatures in the year-ago quarter. Ameren Missouri provides electric generation, transmission and distribution service, as well as natural gas distribution service. ST. LOUIS, Feb. 17, 2022 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) today announced 2021 net income attributable to common shareholders of $990 million, or $3.84 per diluted share, compared to 2020 net income attributable to common shareholders of $871 million, or $3.50 per diluted share. On April 20, 2022, Ameren electric received electric rate results from the regional grid operator (MISO), which include an increase from $5/megawatt to $236/megawatt and will now cause Ameren electric rates to increase beginning June 1. Ameren is in the MISO grid and only does one year auction results. The Citizen's Utility Board's website offers resources for coping with high energy prices, including financial resources, efficiency tips, and alternative suppliers. A new non-summer supply rate, which has yet to be announced, will take effect, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. This rate will continue for those in the program until it expires in December 2022. CUB breaks it all down. Ameren Illinois offers a program, and more information can be found on their website at the following: Low Income Home Energy Assistance Program (LIHEAP) is a federally funded program that provides qualifying households with monetary relief for their energy bills. "I'm definitely concerned about them, because the latest energy policy we passed, I think it's going to be hard for people to disconnect those things. The higher rates will also affect the city of Peoria and Peoria County's municipal aggregation program. The new rates would take effect in 2022 to reflect major upgrades to electric and natural gas system reliability and resiliency for customers, as well as investments to support the transition to cleaner energy for the benefit of customers and local communities. "This will be a tough summer for many Illinois consumers, and we owe it to them to work togetherpolicymakers, utilities, advocatesto find relief for people dealing with the heat and high bills," CUB Executive Director David Kolata said. But it's just not the case," she said. Those increases took effect on January 1. Prepare yourself for some sticker shock on your electric bill before you crank up the A/C this summer. Blessing said while brownouts due to capacity shortfalls are a possibility this summer, he's not overly concerned. Chicago, Illinois 60606 "So more coal is retiring than what renewables are adding.". Dialing up your thermostat can save up to 10% on your air conditioning bill. "Investments in infrastructure pay off every day for our customers in terms of improved system performance and reliability. 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