Ameren (AEE) 8-K Ameren Announces Second Quarter 2010 Earnings

Exhibit 99.2

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF INCOME

(Unaudited, in millions, except per share amounts)

	Three Months Ended June 30,				Six Months Ended June 30,
	2010		2009		2010		2009
Operating Revenues:
Electric	$	1,533	$	1,515	$	2,973	$	2,910
Gas		171		169		647		690
Total operating revenues		1,704		1,684		3,620		3,600
Operating Expenses:
Fuel		286		287		579		561
Purchased power		268		219		539		452
Gas purchased for resale		83		83		416		466
Other operations and maintenance		446		451		862		872
Depreciation and amortization		190		182		377		356
Taxes other than income taxes		100		97		218		207
Total operating expenses		1,373		1,319		2,991		2,914
Operating Income		331		365		629		686
Other Income and Expenses:
Miscellaneous income		24		17		46		33
Miscellaneous expense		2		7		9		11
Total other income		22		10		37		22
Interest Charges		115		124		247		242
Income Before Income Taxes		238		251		419		466
Income Taxes		83		83		158		153
Net Income		155		168		261		313
Less: Net Income Attributable to Noncontrolling Interests		3		3		7		7
Net Income Attributable to Ameren Corporation	$	152	$	165	$	254	$	306
Earnings per Common Share - Basic and Diluted	$	0.64	$	0.77	$	1.07	$	1.43
Average Common Shares Outstanding		238.4		213.6		238.0		213.1

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	June 30,     2010			December 31, 2009
ASSETS
Current Assets:
Cash and cash equivalents	$	506		$	622
Accounts receivable - trade, net		466			424
Unbilled revenue		414			367
Miscellaneous accounts and notes receivable		208			318
Materials and supplies		676			782
Mark-to-market derivative assets		166			121
Current regulatory assets		274			110
Other current assets		120			98
Total current assets		2,830			2,842
Property and Plant, Net		17,747			17,610
Investments and Other Assets:
Nuclear decommissioning trust fund		289			293
Goodwill		831			831
Intangible assets		113			129
Regulatory assets		1,441			1,430
Other assets		664			655
Total investments and other assets		3,338			3,338
TOTAL ASSETS	$	23,915		$	23,790
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	354		$	204
Short-term debt		-			20
Accounts and wages payable		465			694
Taxes accrued		129			54
Interest accrued		123			110
Customer deposits		98			101
Mark-to-market derivative liabilities		196			109
Current regulatory liabilities		97			82
Other current liabilities		298			337
Total current liabilities		1,760			1,711
Credit Facility Borrowings		690			830
Long-term Debt, Net		6,963			7,113
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		2,725			2,554
Accumulated deferred investment tax credits		90			94
Regulatory liabilities		1,370			1,345
Asset retirement obligations		441			429
Pension and other postretirement benefits		1,132			1,165
Other deferred credits and liabilities		544			489
Total deferred credits and other liabilities		6,302			6,076
Ameren Corporation Stockholders’ Equity:
Common stock		2			2
Other paid-in capital, principally premium on common stock		5,476			5,412
Retained earnings		2,526			2,455
Accumulated other comprehensive loss		(13	)		(16	)
Total Ameren Corporation stockholders’ equity		7,991			7,853
Noncontrolling Interests		209			207
Total equity		8,200			8,060
TOTAL LIABILITIES AND EQUITY	$	23,915		$	23,790

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Six Months Ended June  30,
	2010		2009
Cash Flows From Operating Activities:
Net income	$	261	$	313
Adjustments to reconcile net income to net cash provided by operating activities:
Net mark-to-market gain on derivatives		-		(56)
Depreciation and amortization		387		364
Amortization of nuclear fuel		19		25
Amortization of debt issuance costs and premium/discounts		12		7
Deferred income taxes and investment tax credits, net		175		77
Other		(28)		11
Changes in assets and liabilities:
Receivables		(36)		116
Materials and supplies		108		109
Accounts and wages payable		(125)		(204)
Taxes accrued		75		77
Assets, other		(99)		21
Liabilities, other		3		57
Pension and other postretirement benefits		33		23
Counterparty collateral, net		(69)		(21)
Taum Sauk costs, net of insurance recoveries		56		(48)
Net cash provided by operating activities		772		871
Cash Flows From Investing Activities:
Capital expenditures		(540)		(846)
Nuclear fuel expenditures		(29)		(35)
Purchases of securities - nuclear decommissioning trust fund		(118)		(288)
Sales of securities - nuclear decommissioning trust fund		110		291
Purchases of emission allowances		-		(4)
Proceeds from sale of property interests		18		-
Other		(1)		-
Net cash used in investing activities		(560)		(882)
Cash Flows From Financing Activities:
Dividends on common stock		(183)		(164)
Capital issuance costs		-		(47)
Dividends paid to noncontrolling interest holders		(5)		(16)
Short-term and credit facility borrowings, net		(160)		(209)
Redemptions, repurchases, and maturities of long-term debt		-		(250)
Issuances:
Common stock		43		47
Long-term debt		-		772
Generator advances for construction received (refunded), net		(23)		37
Net cash provided by (used in) financing activities		(328)		170
Net change in cash and cash equivalents		(116)		159
Cash and cash equivalents at beginning of year		622		92
Cash and cash equivalents at end of period	$	506	$	251