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						Nine Months Ended
	September 30,						September 30,
	2007			2006			2007			2006
Operating Revenues:
Electric	$	1,872		$	1,767		$	4,844		$	4,356
Gas		125			143			895			904
Total operating revenues		1,997			1,910			5,739			5,260
Operating Expenses:
Fuel		338			277			864			776
Purchased power		419			346			1,106			896
Gas purchased for resale		68			84			622			641
Other operations and maintenance		427			395			1,249			1,141
Depreciation and amortization		169			162			514			485
Taxes other than income taxes		97			99			295			302
Total operating expenses		1,518			1,363			4,650			4,241
Operating Income		479			547			1,089			1,019
Other Income and Expenses:
Miscellaneous income		20			12			54			29
Miscellaneous expense		(6	)		(3	)		(10	)		(4	)
Total other income		14			9			44			25
Interest Charges		110			89			316			254
Income Before Income Taxes, Minority Interest and Preferred Dividends of
Subsidiaries		383			467			817			790
Income Taxes		130			161			279			273
Income Before Minority Interest and Preferred Dividends of Subsidiaries		253			306			538			517
Minority Interest and Preferred Dividends of Subsidiaries		9			13			28			31
Net Income	$	244		$	293		$	510		$	486
Earnings per Common Share - Basic and Diluted	$	1.18		$	1.42		$	2.46		$	2.37
Average Common Shares Outstanding		207.6			205.9			207.1			205.4

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
	Nine Months Ended
	September 30,
	2007	2006
Cash Flows From Operating Activities:
Net income	$       510	$       486
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of emission allowances	(7)	(25)
Depreciation and amortization	537	507
Amortization of nuclear fuel	26	26
Amortization of debt issuance costs and premium/discounts	14	12
Deferred income taxes and investment tax credits, net	18	7
Loss on sale of noncore properties	-	4
Minority interest	20	23
Other	10	17
Changes in assets and liabilities:
Receivables, net	(320)	157
Materials and supplies	(110)	(136)
Accounts and wages payable	(113)	(260)
Taxes accrued	75	148
Assets, other	(20)	(87)
Liabilities, other	193	101
Pension and other postretirement benefit obligations, net	87	89
Net cash provided by operating activities	920	1,069
Cash Flows From Investing Activities:
Capital expenditures	(1,035)	(693)
Combustion turbine acquisitions	-	(292)
Nuclear fuel expenditures	(39)	(37)
Proceeds from sale of noncore properties	-	11
Purchases of securities - nuclear decommissioning trust fund	(110)	(78)
Sales of securities - nuclear decommissioning trust fund	98	68
Purchases of emission allowances	(12)	(38)
Sales of emission allowances	5	12
Other	-	3
Net cash used in investing activities	(1,093)	(1,044)
Cash Flows From Financing Activities:
Dividends on common stock	(395)	(391)
Capital issuance costs	(3)	(4)
Short-term debt, net	590	158
Dividends paid to minority interest	(16)	(21)
Redemptions, repurchases and maturities:
Long-term debt	(465)	(138)
Preferred stock	(1)	(1)
Issuances:
Common stock	71	78
Long-term debt	425	232
Net cash provided by (used in) financing activities	206	(87)
Net Change In Cash and Cash Equivalents	33	(62)
Cash and Cash Equivalents at Beginning of Year	137	96
Cash and Cash Equivalents at End of Period	$       170	$         34

AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
	September 30,		December 31,
	2007		2006
ASSETS
Current Assets:
Cash and cash equivalents	$	170	$	137
Accounts receivable - trade		691		418
Unbilled revenue		263		309
Miscellaneous accounts and notes receivable		258		160
Materials and supplies		757		647
Other current assets		202		203
Total current assets		2,341		1,874
Property and Plant, Net		14,729		14,286
Investments and Other Assets:
Nuclear decommissioning trust fund		301		285
Goodwill		831		831
Intangible assets		197		217
Other assets		683		654
Regulatory assets		1,323		1,431
Total investments and other assets		3,335		3,418
TOTAL ASSETS	$	20,405	$	19,578
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current maturities of long-term debt	$	203	$	456
Short-term debt		1,202		612
Accounts and wages payable		415		671
Taxes accrued		136		58
Other current liabilities		548		406
Total current liabilities		2,504		2,203
Long-term Debt, Net		5,486		5,285
Preferred Stock of Subsidiary Subject to Mandatory Redemption		16		17
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		2,055		2,144
Accumulated deferred investment tax credits		111		118
Regulatory liabilities		1,241		1,234
Asset retirement obligations		571		549
Accrued pension and other postretirement benefits		1,058		1,065
Other deferred credits and liabilities		392		169
Total deferred credits and other liabilities		5,428		5,279
Preferred Stock of Subsidiaries Not Subject to Mandatory Redemption		195		195
Minority Interest in Consolidated Subsidiaries		20		16
Stockholders' Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		4,579		4,495
Retained earnings		2,134		2,024
Accumulated other comprehensive income		41		62
Total stockholders' equity		6,756		6,583
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	20,405	$	19,578