Ameren (AEE) 8-K Results of Operations and Financial Condition

Exhibit 99.2

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2007			2006			2007			2006
Operating Revenues:
Electric	$	1,514		$	1,378		$	2,972		$	2,589
Gas		209			172			770			761
Total operating revenues		1,723			1,550			3,742			3,350
Operating Expenses:
Fuel		263			247			526			499
Purchased power		314			277			687			550
Gas purchased for resale		133			104			554			557
Other operations and maintenance		426			394			822			746
Depreciation and amortization		169			162			345			323
Taxes other than income taxes		96			90			198			203
Total operating expenses		1,401			1,274			3,132			2,878
Operating Income		322			276			610			472
Other Income and Expenses:
Miscellaneous income		20			11			34			16
Miscellaneous expense		(4	)		(1	)		(4	)		(1	)
Total other income		16			10			30			15
Interest Charges		108			87			206			164
Income Before Income Taxes, Minority Interest and Preferred Dividends of
Subsidiaries		230			199			434			323
Income Taxes		78			68			149			112
Income Before Minority Interest and Preferred Dividends of Subsidiaries		152			131			285			211
Minority Interest and Preferred Dividends of Subsidiaries		9			8			19			18
Net Income	$	143		$	123		$	266		$	193
Earnings per Common Share - Basic and Diluted	$	0.69		$	0.60		$	1.29		$	0.94
Average Common Shares Outstanding		207.1			205.4			206.9			205.1

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
	Six Months Ended
	June 30,
	2007			2006
Cash Flows From Operating Activities:
Net income	$	266		$	193
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of emission allowances		(2	)		-
Depreciation and amortization		357			340
Amortization of nuclear fuel		15			16
Amortization of debt issuance costs and premium/discounts		10			7
Deferred income taxes and investment tax credits, net		(8	)		(19	)
Loss on sale of noncore properties		-			4
Minority interest		13			12
Other		7			1
Changes in assets and liabilities:
Receivables, net		(195	)		168
Materials and supplies		35			25
Accounts and wages payable		(62	)		(214	)
Taxes accrued		59			(33	)
Assets, other		(69	)		63
Liabilities, other		67			10
Pension and other postretirement obligations, net		50			46
Net cash provided by operating activities		543			619
Cash Flows From Investing Activities:
Capital expenditures		(715	)		(449	)
Combustion turbine acquisitions		-			(292	)
Nuclear fuel expenditures		(24	)		(25	)
Proceeds from sale of noncore properties		-			11
Purchases of securities - nuclear decommissioning trust fund		(75	)		(53	)
Sales of securities - nuclear decommissioning trust fund		65			48
Purchases of emission allowances		(9	)		(38	)
Sales of emission allowances		3			4
Other		1			(1	)
Net cash used in investing activities		(754	)		(795	)
Cash Flows From Financing Activities:
Dividends on common stock		(263	)		(260	)
Capital issuance costs		(3	)		(2	)
Short-term debt, net		1,007			204
Dividends paid to minority interest		(10	)		(14	)
Redemptions, repurchases and maturities of long-term debt		(443	)		(86	)
Issuances:
Common stock		48			57
Long-term debt		425			232
Net cash provided by financing activities		761			131
Net Change In Cash and Cash Equivalents		550			(45	)
Cash and Cash Equivalents at Beginning of Year		137			96
Cash and Cash Equivalents at End of Period	$	687		$	51

AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
	June 30,		December 31,
	2007		2006
ASSETS
Current Assets:
Cash and cash equivalents	$	687	$	137
Accounts receivable - trade		562		418
Unbilled revenue		304		309
Miscellaneous accounts and notes receivable		222		160
Materials and supplies, at average cost		612		647
Other current assets		178		203
Total current assets		2,565		1,874
Property and Plant, Net		14,538		14,286
Investments and Other Assets:
Investments in leveraged leases		13		13
Nuclear decommissioning trust fund		301		285
Goodwill		831		831
Intangible Assets		206		217
Other assets		730		641
Regulatory assets		1,347		1,431
Total investments and other assets		3,428		3,418
TOTAL ASSETS	$	20,531	$	19,578
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current maturities of long-term debt	$	203	$	456
Short-term debt		1,619		612
Accounts and wages payable		455		671
Taxes accrued		120		58
Other current liabilities		423		405
Total current liabilities		2,820		2,202
Long-term Debt, Net		5,511		5,285
Preferred Stock of Subsidiary Subject to Mandatory Redemption		18		18
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		2,039		2,144
Accumulated deferred investment tax credits		113		118
Regulatory liabilities		1,216		1,234
Asset retirement obligations		564		549
Accrued pension and other postretirement benefits		1,040		1,065
Other deferred credits and liabilities		378		169
Total deferred credits and other liabilities		5,350		5,279
Preferred Stock of Subsidiaries Not Subject to Mandatory Redemption		195		195
Minority Interest in Consolidated Subsidiaries		19		16
Stockholders' Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		4,551		4,495
Retained earnings		2,023		2,024
Accumulated other comprehensive loss		42		62
Total stockholders' equity		6,618		6,583
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	20,531	$	19,578