Ameren (AEE) 8-K Ameren Announces Third Quarter 2006 Earnings

Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2006			2005			2006			2005
Operating Revenues:
Electric	$	1,767		$	1,732		$	4,356		$	4,257
Gas		143			149			904			819
Other		-			-			-			3
Total operating revenues		1,910			1,881			5,260			5,079
Operating Expenses:
Fuel and purchased power		623			634			1,672			1,524
Gas purchased for resale		84			90			641			550
Other operations and maintenance		395			392			1,137			1,112
Depreciation and amortization		162			158			489			472
Taxes other than income taxes		99			98			302			284
Total operating expenses		1,363			1,372			4,241			3,942
Operating Income		547			509			1,019			1,137
Other Income and Expenses:
Miscellaneous income		5			6			13			19
Miscellaneous expenses		(3	)		(1	)		(4	)		(7	)
Total other income		2			5			9			12
Interest Charges		82			70			238			221
Income Before Income Taxes, Minority Interest
and Preferred Dividends of Subsidiaries		467			444			790			928
Income Taxes		161			159			273			330
Income Before Minority Interest and Preferred
Dividends of Subsidiaries		306			285			517			598
Minority Interest and Preferred Dividends of Subsidiaries		(13	)		(5	)		(31	)		(12	)
Net Income	$	293		$	280		$	486		$	586
Earnings per Common Share - Basic and Diluted:	$	1.42		$	1.37		$	2.37		$	2.94
Average Common Shares Outstanding		205.9			203.8			205.4			199.6

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
	Nine Months Ended
	September 30,
	2006			2005
Cash Flows From Operating Activities:
Net income	$	486		$	586
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization		507			499
Amortization of nuclear fuel		26			25
Amortization of debt issuance costs and premium/discounts		12			11
Deferred income taxes and investment tax credits, net		7			83
Loss on sale of leveraged leases		4			-
Gain on sales of emission allowances		(25	)		(4	)
Minority interest		23			1
Other		17			3
Changes in assets and liabilities:
Receivables, net		193			(1	)
Materials and supplies		(136	)		(94	)
Accounts and wages payable		(289	)		(72	)
Taxes accrued		148			172
Assets, other		(97	)		(28	)
Liabilities, other		65			(11	)
Pension and other postretirement benefit obligations, net		89			7
Net cash provided by operating activities		1,030			1,177
Cash Flows From Investing Activities:
Capital expenditures		(666	)		(660	)
Acquisitions, net of cash acquired		-			12
Acquisitions of combustion turbines		(292	)		-
Nuclear fuel expenditures		(37	)		(16	)
Proceeds from sale of leveraged leases		11			-
Purchases of emission allowances		(38	)		(92	)
Sales of emission allowances		12			4
Other		5			16
Net cash used in investing activities		(1,005	)		(736	)
Cash Flows From Financing Activities:
Dividends on common stock		(391	)		(383	)
Capital issuance costs		(4	)		(4	)
Short-term debt, net		118			(394	)
Borrowings from credit facility		40			-
Dividends paid to minority interest		(21	)		-
Redemptions, Repurchases and Maturities:
Long-term debt		(138	)		(262	)
Preferred stock		(1	)		(1	)
Issuances:
Common stock		78			430
Long-term debt		232			382
Net cash used in financing activities		(87	)		(232	)
Net Change In Cash and Cash Equivalents		(62	)		209
Cash and Cash Equivalents at Beginning of Year		96			69
Cash and Cash Equivalents at End of Period	$	34		$	278

AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
	September 30,			December 31,
	2006			2005
ASSETS
Current Assets:
Cash and cash equivalents	$	34		$	96
Accounts receivable - trade		463			552
Unbilled revenue		267			382
Miscellaneous accounts and notes receivable		80			31
Materials and supplies, at average cost		710			572
Other current assets		147			185
Total current assets		1,701			1,818
Property and Plant, Net		14,028			13,572
Investments and Other Assets:
Investments in leveraged leases		31			50
Nuclear decommissioning trust fund		271			250
Goodwill		976			976
Intangible assets		228			246
Other assets		753			419
Regulatory assets		806			831
Total investments and other assets		3,065			2,772
TOTAL ASSETS	$	18,794		$	18,162
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current maturities of long-term debt	$	465		$	96
Short-term debt		311			193
Accounts and wages payable		382			706
Taxes accrued		249			131
Other current liabilities		397			361
Total current liabilities		1,804			1,487
Long-term Debt, Net		5,349			5,354
Preferred Stock of Subsidiary Subject to Mandatory Redemption		18			19
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		2,013			1,969
Accumulated deferred investment tax credits		121			129
Regulatory liabilities		1,205			1,132
Asset retirement obligations		538			518
Accrued pension and other postretirement benefits		840			760
Other deferred credits and liabilities		144			218
Total deferred credits and other liabilities		4,861			4,726
Preferred Stock of Subsidiaries Not Subject to Mandatory Redemption		195			195
Minority Interest in Consolidated Subsidiaries		19			17
Stockholders' Equity:
Common stock		2			2
Other paid-in capital, principally premium on common stock		4,478			4,399
Retained earnings		2,094			1,999
Accumulated other comprehensive loss		(23	)		(24	)
Other		(3	)		(12	)
Total stockholders' equity		6,548			6,364
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	18,794		$	18,162