Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2020 | Apr. 30, 2020 | |
Entity Information [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2020 | |
Document Transition Report | false | |
Entity File Number | 1-14756 | |
Entity Registrant Name | Ameren Corporation | |
Entity Tax Identification Number | 43-1723446 | |
Entity Incorporation, State or Country Code | MO | |
Entity Address, Address Line One | 1901 Chouteau Avenue | |
Entity Address, City or Town | St. Louis | |
Entity Address, State or Province | MO | |
Entity Address, Postal Zip Code | 63103 | |
City Area Code | (314) | |
Local Phone Number | 621-3222 | |
Title of 12(b) Security | Common Stock, $0.01 par value per share | |
Trading Symbol | AEE | |
Security Exchange Name | NYSE | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 246,891,031 | |
Entity Central Index Key | 0001002910 | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Union Electric Company | ||
Entity Information [Line Items] | ||
Entity File Number | 1-2967 | |
Entity Registrant Name | Union Electric Company | |
Entity Tax Identification Number | 43-0559760 | |
Entity Incorporation, State or Country Code | MO | |
Entity Address, Address Line One | 1901 Chouteau Avenue | |
Entity Address, City or Town | St. Louis | |
Entity Address, State or Province | MO | |
Entity Address, Postal Zip Code | 63103 | |
City Area Code | (314) | |
Local Phone Number | 621-3222 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 102,123,834 | |
Entity Central Index Key | 0000100826 | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Ameren Illinois Company | ||
Entity Information [Line Items] | ||
Entity File Number | 1-3672 | |
Entity Registrant Name | Ameren Illinois Company | |
Entity Tax Identification Number | 37-0211380 | |
Entity Incorporation, State or Country Code | IL | |
Entity Address, Address Line One | 10 Executive Drive | |
Entity Address, City or Town | Collinsville | |
Entity Address, State or Province | IL | |
Entity Address, Postal Zip Code | 62234 | |
City Area Code | (618) | |
Local Phone Number | 343-8150 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 25,452,373 | |
Entity Central Index Key | 0000018654 | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Statement of Incom
Consolidated Statement of Income (Loss) and Comprehensive Income (Loss) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Operating Revenues: | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 1,440 | $ 1,556 |
Operating Expenses: | ||
Fuel | 140 | 160 |
Purchased Power | 134 | 156 |
Natural gas purchased for resale | 107 | 161 |
Other operations and maintenance | 438 | 417 |
Depreciation and amortization | 255 | 248 |
Taxes other than income taxes | 125 | 126 |
Total operating expenses | 1,199 | 1,268 |
Operating Income | 241 | 288 |
Other Income (Expense), Net | 21 | 29 |
Interest Charges | 93 | 97 |
Income Before Income Taxes | 169 | 220 |
Income Taxes | 21 | 27 |
Net income | 148 | 193 |
Less: Net Income Attributable to Noncontrolling Interests | 2 | 2 |
Net income attributable to Ameren common shareholders | 146 | 191 |
Pension and other postretirement benefit plan activity, net of income taxes (benefit) | 1 | 1 |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 149 | 194 |
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 2 | 2 |
Comprehensive Income | $ 147 | $ 192 |
Earnings Per Share, Basic and Diluted [Abstract] | ||
Earnings Per Share, Basic and Diluted | $ 0.59 | $ 0.78 |
Average Common Shares Outstanding - Basic (in shares) | 246.4 | 244.9 |
Weighted Average Number of Shares Outstanding, Diluted (in shares) | 248.1 | 246.4 |
Electricity | ||
Operating Revenues: | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 1,120 | $ 1,182 |
Natural Gas | ||
Operating Revenues: | ||
Revenue from Contract with Customer, Including Assessed Tax | 320 | 374 |
Union Electric Company | ||
Operating Revenues: | ||
Revenue from Contract with Customer, Including Assessed Tax | 680 | 758 |
Operating Expenses: | ||
Fuel | 140 | 160 |
Purchased Power | 39 | 51 |
Natural gas purchased for resale | 18 | 27 |
Other operations and maintenance | 239 | 224 |
Depreciation and amortization | 139 | 140 |
Taxes other than income taxes | 79 | 77 |
Total operating expenses | 654 | 679 |
Operating Income | 26 | 79 |
Other Income (Expense), Net | 4 | 12 |
Interest Charges | 40 | 47 |
Income Before Income Taxes | (10) | 44 |
Income Taxes | (1) | 4 |
Net income | (9) | 40 |
Preferred Stock Dividends | 1 | 1 |
Net Income (Loss) Attributable to Parent | (10) | 39 |
Union Electric Company | Electricity | ||
Operating Revenues: | ||
Revenue from Contract with Customer, Including Assessed Tax | 631 | 704 |
Union Electric Company | Natural Gas | ||
Operating Revenues: | ||
Revenue from Contract with Customer, Including Assessed Tax | 49 | 54 |
Ameren Illinois Company | ||
Operating Revenues: | ||
Revenue from Contract with Customer, Including Assessed Tax | 723 | 762 |
Operating Expenses: | ||
Purchased Power | 98 | 105 |
Natural gas purchased for resale | 89 | 134 |
Other operations and maintenance | 199 | 191 |
Depreciation and amortization | 107 | 101 |
Taxes other than income taxes | 42 | 45 |
Total operating expenses | 535 | 576 |
Operating Income | 188 | 186 |
Other Income (Expense), Net | 11 | 11 |
Interest Charges | 39 | 37 |
Income Before Income Taxes | 160 | 160 |
Income Taxes | 39 | 39 |
Net income | 121 | 121 |
Preferred Stock Dividends | 1 | 1 |
Net Income (Loss) Attributable to Parent | 120 | 120 |
Ameren Illinois Company | Electricity | ||
Operating Revenues: | ||
Revenue from Contract with Customer, Including Assessed Tax | 452 | 442 |
Ameren Illinois Company | Natural Gas | ||
Operating Revenues: | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 271 | $ 320 |
Consolidated Statement of Inc_2
Consolidated Statement of Income (Loss) and Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Income Statement [Abstract] | ||
Pension and other postretirement benefit plan activity, tax expense (benefit) | $ 0 | $ 0 |
Consolidated Balance Sheet
Consolidated Balance Sheet - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 |
Current Assets: | ||
Cash and cash equivalents | $ 42 | $ 16 |
Accounts receivable - trade (less allowance for doubtful accounts) | 456 | 393 |
Unbilled revenue | 212 | 278 |
Miscellaneous accounts receivable | 65 | 63 |
Inventories | 471 | 494 |
Current regulatory assets | 91 | 69 |
Other current assets | 127 | 118 |
Total current assets | 1,464 | 1,431 |
Property, Plant, and Equipment, Net | 24,678 | 24,376 |
Investments and Other Assets: | ||
Nuclear decommissioning trust fund | 742 | 847 |
Goodwill | 411 | 411 |
Regulatory assets | 1,092 | 992 |
Other assets | 885 | 876 |
Total investments and other assets | 3,130 | 3,126 |
TOTAL ASSETS | 29,272 | 28,933 |
Current Liabilities: | ||
Current maturities of long-term debt | 357 | 442 |
Short-term Debt | 615 | 440 |
Accounts and wages payable | 544 | 874 |
Current regulatory liabilities | 189 | 164 |
Other current liabilities | 662 | 585 |
Total current liabilities | 2,367 | 2,505 |
Long-term Debt, Net | 9,378 | 8,915 |
Deferred Credits and Other Liabilities: | ||
Accumulated deferred income taxes, net | 2,948 | 2,919 |
Regulatory liabilities | 4,842 | 4,887 |
Asset retirement obligations | 631 | 638 |
Pension and other postretirement benefits | 397 | 401 |
Other deferred credits and liabilities | 482 | 467 |
Total deferred credits and other liabilities | 9,300 | 9,312 |
Commitments and Contingencies | ||
Stockholders' Equity: | ||
Common Stock | 2 | 2 |
Other paid-in capital | 5,695 | 5,694 |
Retained earnings | 2,404 | 2,380 |
Accumulated other comprehensive income (loss) | (16) | (17) |
Shareholder's equity | 8,085 | 8,059 |
Noncontrolling Interest | 142 | 142 |
Total equity | 8,227 | 8,201 |
TOTAL LIABILITIES AND EQUITY | 29,272 | 28,933 |
Union Electric Company | ||
Current Assets: | ||
Cash and cash equivalents | 3 | 9 |
Accounts receivable - trade (less allowance for doubtful accounts) | 174 | 164 |
Accounts receivable - affiliates | 34 | 30 |
Unbilled revenue | 117 | 139 |
Miscellaneous accounts receivable | 43 | 33 |
Inventories | 391 | 373 |
Other current assets | 96 | 66 |
Total current assets | 858 | 814 |
Property, Plant, and Equipment, Net | 12,731 | 12,635 |
Investments and Other Assets: | ||
Nuclear decommissioning trust fund | 742 | 847 |
Regulatory assets | 305 | 285 |
Other assets | 357 | 356 |
Total investments and other assets | 1,404 | 1,488 |
TOTAL ASSETS | 14,993 | 14,937 |
Current Liabilities: | ||
Current maturities of long-term debt | 7 | 92 |
Short-term Debt | 130 | 234 |
Accounts and wages payable | 238 | 465 |
Accounts payable - affiliates | 48 | 52 |
Taxes accrued | 64 | 24 |
Interest accrued | 46 | 48 |
Current asset retirement obligation | 53 | 53 |
Current regulatory liabilities | 80 | 62 |
Other current liabilities | 128 | 96 |
Total current liabilities | 794 | 1,126 |
Long-term Debt, Net | 4,560 | 4,098 |
Deferred Credits and Other Liabilities: | ||
Accumulated deferred income taxes, net | 1,627 | 1,612 |
Regulatory liabilities | 2,855 | 2,937 |
Asset retirement obligations | 627 | 634 |
Pension and other postretirement benefits | 139 | 141 |
Other deferred credits and liabilities | 52 | 40 |
Total deferred credits and other liabilities | 5,300 | 5,364 |
Commitments and Contingencies | ||
Stockholders' Equity: | ||
Common Stock | 511 | 511 |
Other paid-in capital | 2,027 | 2,027 |
Preferred stock | 80 | 80 |
Retained earnings | 1,721 | 1,731 |
Shareholder's equity | 4,339 | 4,349 |
TOTAL LIABILITIES AND EQUITY | 14,993 | 14,937 |
Ameren Illinois Company | ||
Current Assets: | ||
Cash and cash equivalents | 6 | 0 |
Accounts receivable - trade (less allowance for doubtful accounts) | 268 | 215 |
Accounts receivable - affiliates | 15 | 28 |
Unbilled revenue | 95 | 139 |
Miscellaneous accounts receivable | 19 | 25 |
Inventories | 80 | 121 |
Current regulatory assets | 57 | 57 |
Other current assets | 31 | 29 |
Total current assets | 571 | 614 |
Property, Plant, and Equipment, Net | 10,280 | 10,083 |
Investments and Other Assets: | ||
Goodwill | 411 | 411 |
Regulatory assets | 771 | 694 |
Other assets | 400 | 383 |
Total investments and other assets | 1,582 | 1,488 |
TOTAL ASSETS | 12,433 | 12,185 |
Current Liabilities: | ||
Short-term Debt | 60 | 53 |
Accounts and wages payable | 246 | 299 |
Accounts payable - affiliates | 84 | 82 |
Customer deposits | 80 | 77 |
Current environmental remediation | 52 | 42 |
Current regulatory liabilities | 90 | 84 |
Other current liabilities | 195 | 207 |
Total current liabilities | 807 | 844 |
Long-term Debt, Net | 3,575 | 3,575 |
Deferred Credits and Other Liabilities: | ||
Accumulated deferred income taxes, net | 1,251 | 1,224 |
Regulatory liabilities | 1,884 | 1,849 |
Pension and other postretirement benefits | 212 | 214 |
Environmental remediation | 75 | 87 |
Other deferred credits and liabilities | 277 | 260 |
Total deferred credits and other liabilities | 3,699 | 3,634 |
Commitments and Contingencies | ||
Stockholders' Equity: | ||
Common Stock | 0 | 0 |
Other paid-in capital | 2,288 | 2,188 |
Preferred stock | 62 | 62 |
Retained earnings | 2,002 | 1,882 |
Shareholder's equity | 4,352 | 4,132 |
TOTAL LIABILITIES AND EQUITY | $ 12,433 | $ 12,185 |
Consolidated Balance Sheet (Par
Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 |
Accounts receivable - trade allowance for doubtful accounts | $ 19 | $ 17 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 400,000,000 | 400,000,000 |
Common Stock, Shares, Outstanding | 246,900,000 | 246,200,000 |
Union Electric Company | ||
Accounts receivable - trade allowance for doubtful accounts | $ 8 | $ 7 |
Common stock, par value (in dollars per share) | $ 5 | $ 5 |
Common stock, shares authorized (in shares) | 150,000,000 | 150,000,000 |
Common Stock, Shares, Outstanding | 102,100,000 | 102,100,000 |
Ameren Illinois Company | ||
Accounts receivable - trade allowance for doubtful accounts | $ 11 | $ 10 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 45,000,000 | 45,000,000 |
Common Stock, Shares, Outstanding | 25,500,000 | 25,500,000 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Cash Flows From Operating Activities: | ||
Net income | $ 148 | $ 193 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 263 | 245 |
Amortization of nuclear fuel | 23 | 23 |
Amortization of debt issuance costs and premium/discounts | 5 | 5 |
Deferred income taxes and investment tax credits, net | 23 | 32 |
Allowance for equity funds used during construction | (4) | (6) |
Stock-based compensation costs | 6 | 6 |
Other | 17 | (8) |
Changes in assets and liabilities: | ||
Receivables | (5) | 4 |
Inventories | 23 | 81 |
Accounts and wages payable | (221) | (213) |
Taxes accrued | 47 | 28 |
Regulatory assets and liabilities | (14) | 26 |
Assets, other | (3) | (14) |
Liabilities, other | (18) | (11) |
Pension and other postretirement benefits | 0 | (4) |
Net cash provided by operating activities | 290 | 387 |
Cash Flows From Investing Activities: | ||
Capital expenditures | (636) | (544) |
Nuclear fuel expenditures | (35) | (21) |
Purchases of securities – nuclear decommissioning trust fund | (96) | (39) |
Sales and maturities of securities – nuclear decommissioning trust fund | 81 | 36 |
Other | 2 | 1 |
Net cash used in investing activities | (684) | (567) |
Cash Flows From Financing Activities: | ||
Dividends on common stock | (122) | (116) |
Dividends paid to noncontrolling interest holders | (2) | (2) |
Short-term debt, net | 175 | 202 |
Maturities of long-term debt | (85) | (329) |
Issuances of long-term debt | 465 | 450 |
Issuances of common stock | 13 | 19 |
Employee payroll taxes related to stock-based compensation | (20) | (29) |
Debt issuance costs | (3) | (4) |
Net cash provided by financing activities | 421 | 191 |
Net change in cash, cash equivalents, and restricted cash | 27 | 11 |
Cash, cash equivalents, and restricted cash at beginning of year | 176 | 107 |
Cash, cash equivalents, and restricted cash at end of period | 203 | 118 |
Union Electric Company | ||
Cash Flows From Operating Activities: | ||
Net income | (9) | 40 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 148 | 138 |
Amortization of nuclear fuel | 23 | 23 |
Amortization of debt issuance costs and premium/discounts | 2 | 2 |
Deferred income taxes and investment tax credits, net | (5) | (1) |
Allowance for equity funds used during construction | (2) | (4) |
Other | 2 | 2 |
Changes in assets and liabilities: | ||
Receivables | (3) | 56 |
Inventories | (18) | 29 |
Accounts and wages payable | (172) | (167) |
Taxes accrued | 55 | 44 |
Regulatory assets and liabilities | 16 | 11 |
Assets, other | 2 | (16) |
Liabilities, other | 0 | (4) |
Pension and other postretirement benefits | 2 | (1) |
Net cash provided by operating activities | 41 | 152 |
Cash Flows From Investing Activities: | ||
Capital expenditures | (278) | (240) |
Nuclear fuel expenditures | (35) | (21) |
Purchases of securities – nuclear decommissioning trust fund | (96) | (39) |
Sales and maturities of securities – nuclear decommissioning trust fund | 81 | 36 |
Net cash used in investing activities | (328) | (264) |
Cash Flows From Financing Activities: | ||
Dividends on preferred stock | (1) | (1) |
Short-term debt, net | (104) | 0 |
Maturities of long-term debt | (85) | (329) |
Issuances of long-term debt | 465 | 450 |
Debt issuance costs | (3) | (4) |
Net cash provided by financing activities | 272 | 116 |
Net change in cash, cash equivalents, and restricted cash | (15) | 4 |
Cash, cash equivalents, and restricted cash at beginning of year | 39 | 8 |
Cash, cash equivalents, and restricted cash at end of period | 24 | 12 |
Ameren Illinois Company | ||
Cash Flows From Operating Activities: | ||
Net income | 121 | 121 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 106 | 100 |
Amortization of debt issuance costs and premium/discounts | 2 | 3 |
Deferred income taxes and investment tax credits, net | 22 | 24 |
Allowance for equity funds used during construction | (2) | (2) |
Other | (2) | (1) |
Changes in assets and liabilities: | ||
Receivables | (6) | (56) |
Inventories | 41 | 52 |
Accounts and wages payable | (20) | (34) |
Taxes accrued | 16 | 12 |
Regulatory assets and liabilities | (28) | 18 |
Assets, other | (4) | 3 |
Liabilities, other | (14) | (12) |
Pension and other postretirement benefits | (2) | (3) |
Net cash provided by operating activities | 232 | 227 |
Cash Flows From Investing Activities: | ||
Capital expenditures | (324) | (267) |
Other | 1 | 0 |
Net cash used in investing activities | (323) | (267) |
Cash Flows From Financing Activities: | ||
Dividends on preferred stock | (1) | (1) |
Short-term debt, net | 7 | 54 |
Capital contribution from parent | 100 | 0 |
Net cash provided by financing activities | 106 | 53 |
Net change in cash, cash equivalents, and restricted cash | 15 | 13 |
Cash, cash equivalents, and restricted cash at beginning of year | 125 | 80 |
Cash, cash equivalents, and restricted cash at end of period | $ 140 | $ 93 |
Consolidated Statement of Stock
Consolidated Statement of Stockholders' Equity - USD ($) $ in Millions | Total | Common Stock | Other Paid-in Capital | Retained Earnings | Deferred Retirement Benefit Costs | Accumulated Other Comprehensive Income (Loss) | Noncontrolling Interests | Total Ameren Corporation Shareholders' Equity | Union Electric Company | Union Electric CompanyCommon Stock | Union Electric CompanyOther Paid-in Capital | Union Electric CompanyPreferred Stock | Union Electric CompanyRetained Earnings | Ameren Illinois Company | Ameren Illinois CompanyCommon Stock | Ameren Illinois CompanyOther Paid-in Capital | Ameren Illinois CompanyPreferred Stock | Ameren Illinois CompanyRetained Earnings |
Beginning of year at Dec. 31, 2018 | $ 5,627 | $ 2,024 | $ (22) | $ 142 | $ 1,735 | $ 2,173 | $ 1,539 | |||||||||||
Shares issued under the DRPlus and 401(k) plan | 19 | |||||||||||||||||
Stock-based compensation activity | (21) | |||||||||||||||||
Capital contribution from parent | $ 0 | 0 | ||||||||||||||||
Net income | $ 193 | $ 40 | 40 | 121 | 121 | |||||||||||||
Net income attributable to Ameren common shareholders | 191 | 191 | ||||||||||||||||
Common stock dividends | (116) | |||||||||||||||||
Preferred stock dividends | (1) | (1) | ||||||||||||||||
Change in deferred retirement benefit costs | 1 | 1 | ||||||||||||||||
Net income attributable to noncontrolling interest holders | $ (2) | 2 | ||||||||||||||||
Dividends paid to noncontrolling interest holders | (2) | |||||||||||||||||
Common stock shares outstanding at beginning of year at Dec. 31, 2018 | 244,500,000 | |||||||||||||||||
Shares issued under the DRPlus and 401(k) plan | 300,000 | |||||||||||||||||
Shares issued for stock-based compensation | 800,000 | |||||||||||||||||
Common stock shares outstanding at end of period at Mar. 31, 2019 | 245,600,000 | |||||||||||||||||
End of period at Mar. 31, 2019 | $ 7,847 | $ 2 | 5,625 | 2,099 | (21) | $ (21) | 142 | $ 511 | $ 1,903 | $ 80 | 1,774 | $ 0 | 2,173 | $ 62 | 1,659 | |||
Dividends per common share (in dollars per share) | $ 0.4750 | |||||||||||||||||
Shareholders' equity, end of year at Mar. 31, 2019 | $ 7,705 | 4,268 | 3,894 | |||||||||||||||
Beginning of year at Dec. 31, 2019 | $ 8,201 | 5,694 | 2,380 | (17) | 142 | 1,731 | 2,188 | 1,882 | ||||||||||
Shares issued under the DRPlus and 401(k) plan | 13 | |||||||||||||||||
Stock-based compensation activity | (12) | |||||||||||||||||
Capital contribution from parent | (100) | 100 | ||||||||||||||||
Net income | 148 | $ (9) | (9) | $ 121 | 121 | |||||||||||||
Net income attributable to Ameren common shareholders | 146 | 146 | ||||||||||||||||
Common stock dividends | (122) | |||||||||||||||||
Preferred stock dividends | (1) | (1) | ||||||||||||||||
Change in deferred retirement benefit costs | 1 | 1 | ||||||||||||||||
Net income attributable to noncontrolling interest holders | $ (2) | 2 | ||||||||||||||||
Dividends paid to noncontrolling interest holders | (2) | |||||||||||||||||
Common stock shares outstanding at beginning of year at Dec. 31, 2019 | 246,200,000 | 102,100,000 | 25,500,000 | |||||||||||||||
Shares issued under the DRPlus and 401(k) plan | 200,000 | |||||||||||||||||
Shares issued for stock-based compensation | 500,000 | |||||||||||||||||
Common stock shares outstanding at end of period at Mar. 31, 2020 | 246,900,000 | 102,100,000 | 25,500,000 | |||||||||||||||
End of period at Mar. 31, 2020 | $ 8,227 | $ 2 | $ 5,695 | $ 2,404 | $ (16) | $ (16) | $ 142 | $ 511 | $ 2,027 | $ 80 | $ 1,721 | $ 0 | $ 2,288 | $ 62 | $ 2,002 | |||
Dividends per common share (in dollars per share) | $ 0.4950 | |||||||||||||||||
Shareholders' equity, end of year at Mar. 31, 2020 | $ 8,085 | $ 8,085 | $ 4,339 | $ 4,352 |
Summary Of Significant Accounti
Summary Of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES General Ameren, headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren’s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren’s common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries. Ameren’s principal subsidiaries are listed below. Ameren has other subsidiaries that conduct other activities, such as providing shared services. • Union Electric Company, doing business as Ameren Missouri, operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri. • Ameren Illinois Company, doing business as Ameren Illinois, operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois. • ATXI operates a FERC rate-regulated electric transmission business in the MISO. The COVID-19 pandemic is a rapidly evolving situation. While the COVID-19 pandemic did not have a material impact on our results of operations, financial position, or liquidity for the three months ended March 31, 2020, it may adversely affect our results of operations, financial position, or liquidity in subsequent periods. The effect will depend on the severity and longevity of the COVID-19 pandemic and the resulting impact on business, economic, and capital market conditions. As a result of the COVID-19 pandemic, measures have been taken by local, state, and federal governments, such as travel bans, quarantines, and shelter-in place orders. On March 21, 2020, a shelter-in-place order for the state of Illinois became effective and will remain in effect until at least May 30, 2020. Similar orders became effective for Saint Louis City and County on March 23, 2020, and the state of Missouri on April 6, 2020. The state of Missouri order was effective through May 3, 2020, while Saint Louis City and County are expected to begin easing restrictions on May 18, 2020. These orders generally preclude or limit the operation of businesses that are deemed nonessential. Ameren's business operations are deemed essential and are not directly impacted by the shelter-in-place orders. As a result of the COVID-19 pandemic, economic activity has been disrupted in the service territories of Ameren Missouri and Ameren Illinois. It has also caused disruptions in the capital markets, which could adversely affect our ability to access these markets on reasonable terms and when needed. These disruptions could continue for a prolonged period of time or become more severe. On March 13, 2020, and March 16, 2020, Ameren Illinois and Ameren Missouri, respectively, suspended customer disconnections for non-payment and began to waive late fees. Regarding bad debt expense, Ameren Illinois' electric distribution and natural gas distribution businesses have bad debt riders, which would provide for recovery of increased bad debt expense. However, Ameren Missouri’s earnings are exposed to potential increases in future bad debt expense, which could result in incremental accounts receivable write-offs in future periods as Ameren Missouri does not have a bad debt rider or regulatory tracking mechanism. Our customers’ ability to pay for our services may be adversely affected by the COVID-19 pandemic. A reduction in collections from our tariff-based revenues could reduce our cash from operations and cause an adverse impact to our liquidity. The Coronavirus Aid, Relief, and Economic Security Act is a federal law enacted in March 2020. Provisions in the act include temporary changes to the utilization of net operating losses, temporary suspension of the payment of the employer portion of Social Security taxes, and additional funding for customer energy assistance, among other things. Ameren has implemented certain provisions of the act, and is currently evaluating other provisions of the act. As of March 31, 2020, there was no material impact to Ameren’s, Ameren Missouri’s, and Ameren Illinois’ financial statements. Ameren’s financial statements are prepared on a consolidated basis and therefore include the accounts of its majority-owned subsidiaries. All intercompany transactions have been eliminated. Ameren Missouri and Ameren Illinois have no subsidiaries. All tabular dollar amounts are in millions, unless otherwise indicated. Our accounting policies conform to GAAP. Our financial statements reflect all adjustments (which include normal, recurring adjustments) that are necessary, in our opinion, for a fair statement of our results. The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions. Such estimates and assumptions affect reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the dates of financial statements, and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates. The results of operations of an interim period may not give a true indication of results that may be expected for a full year. These financial statements should be read in conjunction with the financial statements and accompanying notes included in the Form 10-K. Variable Interest Entities As of March 31, 2020 , Ameren and Ameren Missouri had interests in unconsolidated variable interest entities that were established to construct wind generation facilities and, ultimately, sell those constructed facilities to Ameren Missouri. Neither Ameren nor Ameren Missouri are the primary beneficiary of these variable interest entities because neither has the power to direct matters that most significantly affect the entities' activities, which include designing, financing, and constructing the wind generation facilities. As a result, these variable interest entities have not been consolidated. As of March 31, 2020 , the maximum exposure to loss related to these variable interest entities was approximately $15 million , which primarily represents due diligence and legal costs incurred by Ameren Missouri associated with the acquisitions. The risk of a loss was assessed to be remote and, accordingly, Ameren and Ameren Missouri have not recognized a liability associated with any portion of the maximum exposure to loss. See Note 2 – Rate and Regulatory Matters for additional information on the agreements to acquire these wind generation facilities. As of March 31, 2020 , and December 31, 2019 , Ameren had unconsolidated variable interests as a limited partner in various equity method investments, totaling $31 million and $28 million , respectively, included in “Other assets” on Ameren’s consolidated balance sheet. Ameren is not the primary beneficiary of these investments because it does not have the power to direct matters that most significantly affect the activities of these variable interest entities. As of March 31, 2020 , the maximum exposure to loss related to these variable interests is limited to the investment in these partnerships of $31 million plus associated outstanding funding commitments of $34 million . Company-owned Life Insurance Ameren and Ameren Illinois have company-owned life insurance, which is recorded at the net cash surrender value. The net cash surrender value is the amount that can be realized under the insurance policies at the balance sheet date. As of March 31, 2020 , the cash surrender value of company-owned life insurance at Ameren and Ameren Illinois was $245 million ( December 31, 2019 – $264 million ) and $118 million ( December 31, 2019 – $123 million ), respectively, while total borrowings against the policies were $109 million ( December 31, 2019 – $114 million ) at both Ameren and Ameren Illinois. Ameren and Ameren Illinois have the right to offset the borrowings against the cash surrender value of the policies and, consequently, present the net asset in “Other assets” on their respective balance sheets. The cash surrender value decreased during the three months ended March 31, 2020 , primarily because of a decrease in the market value of underlying investments. Accounting and Reporting Developments See Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of the Form 10-K for additional information about recently issued authoritative accounting guidance relating to defined benefit plan disclosures. Measurement of Credit Losses on Financial Instruments On January 1, 2020, the Ameren Companies adopted authoritative accounting guidance that requires credit losses on most financial assets carried at amortized cost and off-balance sheet credit exposures, such as financial guarantees or loan commitments, to be measured using a current expected credit loss (CECL) model. The guidance requires an entity to measure expected credit losses using relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. In addition, the guidance made certain changes to the impairment model applicable to available-for-sale debt securities, such as requiring credit losses to be presented as an allowance rather than a write-down on impaired debt securities for which there is neither an intent nor a more-likely-than-not requirement to sell. Our adoption of this guidance did not have a material impact on the Ameren Companies’ financial statements and did not result in a cumulative effect adjustment to retained earnings as of the adoption date. See Note 13 – Supplemental Information for additional information regarding credit losses on accounts receivable. |
Rate And Regulatory Matters
Rate And Regulatory Matters | 3 Months Ended |
Mar. 31, 2020 | |
Public Utilities, General Disclosures [Abstract] | |
RATE AND REGULATORY MATTERS | RATE AND REGULATORY MATTERS Below is a summary of updates to significant regulatory proceedings and related legal proceedings. See Note 2 – Rate and Regulatory Matters under Part II, Item 8, of the Form 10-K for additional information and a summary of our regulatory frameworks. We are unable to predict the ultimate outcome of these matters, the timing of the final decisions of the various agencies and courts, or the impact on our results of operations, financial position, or liquidity. Missouri 2019 Electric Service Regulatory Rate Review In March 2020, the MoPSC issued an order in Ameren Missouri’s July 2019 electric service regulatory rate review, approving nonunanimous stipulation and agreements. The order resulted in a decrease of $32 million to Ameren Missouri's annual revenue requirement for electric retail service. The order also provided for the continued use of the FAC and trackers for pension and postretirement benefits, uncertain income tax positions, and certain excess deferred income taxes that the MoPSC previously authorized in earlier electric rate orders. The order reduced the annualized base level of net energy costs pursuant to the FAC by approximately $115 million from the base level established in the MoPSC’s March 2017 electric rate order. The order also changed the annualized regulatory asset and liability amortization amounts and the base level of expenses for regulatory tracking mechanisms. These changes will result in approximately $20 million of increased revenues and approximate decreases in purchased power expenses of $15 million , other operating and maintenance expenses of $60 million , and income tax expenses of $20 million . An estimated $70 million would have otherwise been deferred under the PISA. A stipulation and agreement approved by the MoPSC’s March 2020 order states that the net impact of the revenue and expense changes noted above reflect a 9.4% to 9.8% ROE on an unspecified percent of common equity applicable to rate base. In addition, the order required Ameren Missouri to donate $8 million to low-income assistance programs, which was reflected in results of operations for the three months ended March 31, 2020. The new rates, base level of expenses, and amortizations became effective on April 1, 2020. In April 2020, the MoPSC issued another order in Ameren Missouri’s July 2019 electric service regulatory rate review, reaffirming the existing percentage of net energy cost variances allowed to be recovered or refunded under the FAC. Wind Generation Facilities In 2019, Ameren Missouri entered into a build-transfer agreement to acquire, after construction, an up-to 300 -megawatt wind generation facility. In 2018, Ameren Missouri entered into a build-transfer agreement to acquire, after construction, an up-to 400 -megawatt wind generation facility. These two agreements are subject to customary contract terms and conditions. The two build-transfer acquisitions collectively represent $1.2 billion of capital expenditures and would support Ameren Missouri’s compliance with the Missouri renewable energy standard. Both acquisitions have received all regulatory approvals, and both projects have received all applicable zoning approvals, have entered into RTO interconnection agreements, and have begun construction activities. In 2020, the developers of the wind generation facilities received notices from the wind turbine supplier, and the developer of the up-to 300 -megawatt project received a notice from the construction contractor, of changes in supply and/or construction activities resulting from the COVID-19 pandemic. There have been changes to the schedules for both projects, particularly with regard to wind turbine deliveries. Ameren Missouri and the developers continue to monitor the impact to each project schedule. To date, neither developer has reported to Ameren Missouri that the projects will not be completed in 2020. Ameren Missouri expects the up-to 400 -megawatt project to be placed in-service by the end of 2020. However, at this time, due to manufacturing, shipping, and other supply chain issues, and based on Ameren Missouri’s discussions with the developer, Ameren Missouri expects that a portion of the up-to 300 -megawatt project, representing approximately $100 million of investment, could be placed in-service in the first quarter of 2021. The build-transfer agreements include provisions for the event in which any portion of either project is completed after 2020. In such an event, according to the terms of the agreements, Ameren Missouri would pay a reduced contract price on the portion of the project completed after 2020, to account for risks associated with qualifying for production tax credits, subject to an obligation to later pay such price differential should Ameren Missouri be entitled to receive production tax credits. MEEIA As a result of MoPSC orders issued in September 2017, October 2018, and January 2019 related to performance incentives for the MEEIA 2013 and MEEIA 2016 programs, and in accordance with revenue recognition guidance, Ameren Missouri recognized revenues of $20 million during the first quarter of 2019. Ameren Missouri did not recognize revenues related to MEEIA performance incentives during the first quarter of 2020. Illinois Electric Distribution Service Rates In April 2020, Ameren Illinois filed its annual electric distribution service formula rate update to establish the revenue requirement to be used for 2021 rates with the ICC. Pending ICC approval, this update filing will result in a $45 million decrease in Ameren Illinois’ electric distribution service rates, beginning in January 2021. This update reflects a decrease to the annual formula rate based on 2019 actual costs, a decrease to include the 2019 revenue requirement reconciliation adjustment, and a decrease for the conclusion of the 2018 revenue requirement reconciliation adjustment, which will be fully collected from customers in 2020, consistent with the ICC’s December 2019 annual update filing order. It also reflects an increase based on expected net plant additions for 2020. An ICC decision in this proceeding is expected by December 2020. 2020 Natural Gas Delivery Service Regulatory Rate Review In February 2020, Ameren Illinois filed a request with the ICC seeking approval to increase its annual revenues for natural gas delivery service by $102 million , which includes an estimated $46 million of annual revenues that would otherwise be recovered under the QIP and other riders . The request is based on a 10.5% allowed ROE, a capital structure composed of 54.1% common equity, and a rate base of $2.1 billion . Ameren Illinois used a 2021 future test year in this proceeding. A decision by the ICC in this proceeding is required by January 2021, with new rates expected to be effective in February 2021. Ameren Illinois cannot predict the level of any delivery service rate change the ICC may approve, nor whether any rate change that may eventually be approved will be sufficient to enable Ameren Illinois to earn a reasonable return on investments when the rate changes go into effect. QIP Reconciliation Hearing In March 2019, Ameren Illinois filed a request with the ICC for a reconciliation hearing to determine the accuracy and prudence of natural gas infrastructure investments recovered under the QIP rider during 2018. In November 2019, the Illinois Attorney General's office challenged the recovery of capital investments, among other things, that were made during 2018, alleging that the amount of investments is excessive based on a comparison to historical investment levels. The Illinois Attorney General's office is not alleging project imprudence or that the investments do not qualify for recovery. In March 2020, the ICC staff filed testimony that supports the prudence and reasonableness of capital investments made during 2018. Ameren Illinois’ 2018 QIP rate recovery under review by the ICC is within the rate increase limitations allowed by law. The ICC is under no deadline to issue an order in this proceeding. Service Disconnection Moratorium Proceeding In March 2020, the ICC issued an order requiring all Illinois electric distribution, natural gas, water, and sewer utilities to suspend disconnections for customer non-payment and waive late fees, on an interim basis, effective March 18, 2020, and for as long as the public health emergency related to the COVID-19 pandemic remains in effect for the state of Illinois. At this time, the state of Illinois’ public health emergency remains in effect until May 30, 2020. The order also requires utilities to design and implement, upon ICC approval and on a temporary basis, more flexible credit and collection practices. In March 2020, Ameren Illinois filed a response to the ICC order stating their compliance with the suspension of disconnections and late fees for electric distribution and natural gas customers, and proposing more flexible credit and collection practices, including longer deferred payment arrangements for customers that fall behind on bill payments. In April 2020, similar to other utilities in Illinois, Ameren Illinois also requested approval to recover forgone late fees related to natural gas service through its existing bad debt rider and the ability to defer, as a regulatory asset, costs incurred related to the COVID-19 pandemic. Recovery of electric distribution forgone late fees and costs incurred related to the COVID-19 pandemic are included in Ameren Illinois’ electric distribution formula rates. In April 2020, the ICC staff recommended extending the suspension of disconnections and late fees for 60 days beyond when the state of Illinois’ public health emergency has ended. The ICC is under no deadline to issue an order in this proceeding. Federal Ameren Illinois Transmission Formula Rate Revisions In February 2020, MISO, on behalf of Ameren Illinois, filed a request with the FERC to revise Ameren Illinois’ transmission formula rate calculation with respect to calculation inputs for materials and supplies. In May 2020, the FERC issued an order approving the revisions prospectively. In addition, the FERC noted that the FERC staff should review historical rate recovery in connection with an ongoing FERC audit. At this time, Ameren and Ameren Illinois are evaluating this order, but do not expect the impact to be material on their results of operations, financial position, or liquidity. FERC Complaint Cases In November 2013, a customer group filed a complaint case with the FERC seeking a reduction in the allowed base ROE for FERC-regulated transmission rate base under the MISO tariff from 12.38% to 9.15% . In September 2016, the FERC issued an order in the November 2013 complaint case, which lowered the allowed base ROE to 10.32% , or a 10.82% total allowed ROE with the inclusion of a 50 basis point incentive adder for participation in an RTO, that was effective from late September 2016 forward. The September 2016 order also required refunds for the period November 2013 to February 2015, which were paid in 2017. With the maximum FERC-allowed refund period for the November 2013 complaint case ending in February 2015, another customer complaint case was filed in February 2015, seeking a further reduction in the allowed base ROE for the period of February 2015 to May 2016. In November 2019, the FERC issued an order addressing the November 2013 complaint case, which set the allowed base ROE at 9.88% and required refunds, with interest, for the periods November 2013 to February 2015 and from late September 2016 forward. The order also dismissed the February 2015 complaint case. As of March 31, 2020 , Ameren and Ameren Illinois had recorded current regulatory liabilities of $40 million and $23 million , respectively, to reflect the expected refunds, including interest, associated with the reduced ROEs in the November 2019 order in the November 2013 complaint case. The reduction in the FERC-allowed base ROE from 10.32% to 9.88% is not material to Ameren Missouri’s results of operations, financial position, or liquidity. In December 2019, Ameren and the MISO transmission owners, including Ameren Missouri, Ameren Illinois, and ATXI, filed requests for rehearing with the FERC. Additionally, in December 2019, various parties filed requests for rehearing with the FERC, challenging the dismissal of the February 2015 complaint case. The FERC has not ruled on the merits of the rehearing requests and is under no deadline to do so. The allowed base ROE for the 15-month period related to the February 2015 complaint case was 12.38% . Each 50 basis point reduction in the allowed base ROE for this 15-month period would reduce Ameren’s and Ameren Illinois’ net income by an estimated $11 million and $6 million , respectively. In March 2019, the FERC issued separate Notices of Inquiry regarding its allowed base ROE policy and its transmission incentives policy. Initial comments were due by June 2019, and reply comments were due by late August 2019. The Notice of Inquiry addressing the FERC’s base ROE policy, among other things, broadened the ability to comment on the new methodology beyond electric utilities that are participants in the complaint cases. The transmission incentives Notice of Inquiry was open for comment on the FERC’s transmission incentive policy, including incentive adders to the base ROE. In March 2020, the FERC issued a Notice of Proposed Rulemaking on its transmission incentives policy, which included an increased incentive in the allowed base ROE for participation in an RTO to 100 basis points from the current 50 basis points and improved parameters for awarding incentives, while limiting the overall incentives to a cap of 250 basis points, among other things. Initial comments are due by July 2020. Ameren is unable to predict the ultimate impact of the Notices of Inquiry or the Notice of Proposed Rulemaking at this time. |
Short-Term Debt And Liquidity
Short-Term Debt And Liquidity | 3 Months Ended |
Mar. 31, 2020 | |
Debt Disclosure [Abstract] | |
SHORT-TERM DEBT AND LIQUIDITY | SHORT-TERM DEBT AND LIQUIDITY The liquidity needs of the Ameren Companies are typically supported through the use of available cash, drawings under committed credit agreements, commercial paper issuances, and, in the case of Ameren Missouri and Ameren Illinois, short-term affiliate borrowings. See Note 4 – Short-term Debt and Liquidity under Part II, Item 8, in the Form 10-K for a description of our indebtedness provisions and other covenants as well as a description of money pool arrangements. Credit Agreements The Missouri Credit Agreement and the Illinois Credit Agreement are available to support issuances under Ameren (parent)’s, Ameren Missouri’s and Ameren Illinois’ commercial paper programs, respectively, subject to borrowing sublimits and issue letters of credit. As of March 31, 2020 , based on credit facility borrowings, commercial paper outstanding, and letters of credit issued under the Credit Agreements, along with cash and cash equivalents, the net liquidity available to Ameren (parent), Ameren Missouri, and Ameren Illinois, collectively, was $1.7 billion . The Ameren Companies were in compliance with the covenants in their Credit Agreements as of March 31, 2020 . As of March 31, 2020 , the ratios of consolidated indebtedness to consolidated total capitalization, calculated in accordance with the provisions of the Credit Agreements, were 55% , 51% , and 46% for Ameren, Ameren Missouri, and Ameren Illinois, respectively. The following table presents the credit facility borrowings and commercial paper outstanding, net of issuance discounts, as of March 31, 2020 , and December 31, 2019 : March 31, 2020 December 31, 2019 Credit Facility Borrowings Commercial Paper Total Short-term Debt Credit Facility Borrowings Commercial Paper Total Short-term Debt Ameren (parent) $ 275 $ 150 $ 425 $ — $ 153 $ 153 Ameren Missouri 130 — 130 — 234 234 Ameren Illinois 60 — 60 — 53 53 Ameren consolidated $ 465 $ 150 $ 615 $ — $ 440 $ 440 The following table summarizes the borrowing activity and relevant interest rates under the Credit Agreements for the three months ended March 31, 2020 . There were no borrowings under the Credit Agreements for the three months ended March 31, 2019 . Ameren (parent) Ameren Missouri Ameren Illinois Total Missouri Credit Agreement Average daily credit facility borrowings outstanding during the period $ 1 $ 12 $ — $ 13 Weighted-average interest rate 2.06 % 2.36 % — % 2.33 % Peak credit facility borrowings during the period (a) $ 100 $ 130 $ — $ 230 Peak interest rate 2.06 % 3.33 % — % 3.33 % Illinois Credit Agreement Average daily credit facility borrowings outstanding during the period $ 2 $ — $ 5 $ 7 Weighted-average interest rate 2.06 % — % 2.05 % 2.06 % Peak credit facility borrowings during the period (a) $ 175 $ — $ 60 $ 235 Peak interest rate 2.06 % — % 2.05 % 2.06 % (a) The timing of peak credit facility borrowings varies by company. Therefore, the sum of individual company peak amounts may not equal the Ameren consolidated peak credit facility borrowings for the period. Commercial Paper The following table summarizes the borrowing activity and relevant interest rates under Ameren (parent)’s, Ameren Missouri’s, and Ameren Illinois’ commercial paper programs for the three months ended March 31, 2020 and 2019: Ameren (parent) Ameren Missouri Ameren Illinois Ameren Consolidated 2020 Average daily commercial paper outstanding at par value $ 154 $ 383 $ 71 $ 608 Weighted-average interest rate 1.94 % 1.84 % 1.99 % 1.88 % Peak commercial paper during period at par value (a) $ 225 $ 521 $ 137 $ 854 Peak interest rate 3.30 % 5.05 % (b) 3.40 % 5.05 % (b) 2019 Average daily commercial paper outstanding at par value $ 480 $ 246 $ 89 $ 815 Weighted-average interest rate 2.87 % 2.84 % 2.76 % 2.85 % Peak commercial paper during period at par value (a) $ 618 $ 549 $ 130 $ 1,113 Peak interest rate 3.10 % 2.97 % 2.90 % 3.10 % (a) The timing of peak outstanding commercial paper issuances varies by company. Therefore, the sum of individual company peak amounts may not equal the Ameren consolidated peak commercial paper issuances for the period. (b) In the first quarter of 2020, Ameren Missouri’s peak interest rate was affected by temporary disruptions in the commercial paper market. Money Pools Ameren has money pool agreements with and among its subsidiaries to coordinate and provide for certain short-term cash and working capital requirements. The average interest rate for borrowings under the money pool for the three months ended March 31, 2020 , was 1.93% ( 2019 – 2.87% ). See Note 8 – Related-party Transactions for the amount of interest income and expense from the money pool arrangements recorded by the Ameren Companies for the three months ended March 31, 2020 and 2019 . |
Long-Term Debt And Equity Finan
Long-Term Debt And Equity Financings | 3 Months Ended |
Mar. 31, 2020 | |
Long-Term Debt And Equity Financings [Abstract] | |
LONG-TERM DEBT AND EQUITY FINANCINGS | LONG-TERM DEBT AND EQUITY FINANCINGS Ameren For the three months ended March 31, 2020 , Ameren issued a total of 0.2 million shares of common stock under its DRPlus and 401(k) plan, and received proceeds of $13 million . In addition, in the first quarter of 2020 , Ameren issued 0.5 million shares of common stock valued at $38 million upon the vesting of stock-based compensation. In August 2019, Ameren entered into a forward sale agreement with a counterparty relating to 7.5 million shares of common stock. The forward sale agreement will be physically settled unless Ameren elects to settle in cash or to net share settle. At March 31, 2020 , Ameren could have settled the forward sale agreement with physical delivery of 7.5 million shares of common stock to the counterparty in exchange for $552 million . The forward sale agreement could also have been settled at March 31, 2020 , with delivery of approximately $ 2 million or less than 0.1 million shares of common stock to the counterparty, if Ameren had elected to net cash or net share settle, respectively. For additional information about the forward sale agreement, see Note 5 – Long-Term Debt and Equity Financings under Part II, Item 8, in the Form 10-K. In April 2020, Ameren (parent) issued $800 million of 3.50% senior unsecured notes due January 2031, with interest payable semiannually on January 15 and July 15, beginning July 15, 2020. Ameren received net proceeds of $793 million , which were used for general corporate purposes, including to repay outstanding short-term debt, and will be used to fund the repayment of Ameren’s 2.70% senior unsecured notes due November 2020. Ameren Missouri In March 2020, Ameren Missouri issued $465 million of 2.95% first mortgage bonds due March 2030, with interest payable semiannually on March 15 and September 15 of each year, beginning September 15, 2020. Ameren Missouri received net proceeds of $462 million , which were used to repay outstanding short-term debt, including short-term debt that Ameren Missouri incurred in connection with the repayment of $85 million of its 5.00% senior secured notes that matured in February 2020. Indenture Provisions and Other Covenants See Note 5 – Long-Term Debt and Equity Financings under Part II, Item 8, in the Form 10-K for a description of our indenture provisions and other covenants, as well as restrictions on the payment of dividends. At March 31, 2020 , the Ameren Companies were in compliance with the provisions and covenants contained in their indentures and articles of incorporation, as applicable, and ATXI was in compliance with the provisions and covenants contained in its note purchase agreement. Off-balance-sheet Arrangements At March 31, 2020 , none of the Ameren Companies had any significant off-balance-sheet financing arrangements, other than the forward sale agreement relating to common stock, variable interest entities, letters of credit, and Ameren (parent) guarantee arrangements on behalf of its subsidiaries. See Note 1 – Summary of Significant Accounting Policies for further detail concerning variable interest entities. |
Other Income and Expenses
Other Income and Expenses | 3 Months Ended |
Mar. 31, 2020 | |
Other Nonoperating Income (Expense) [Abstract] | |
OTHER INCOME AND EXPENSES | OTHER INCOME, NET The following table presents the components of “Other Income, Net” in the Ameren Companies’ statements of income for the three months ended March 31, 2020 and 2019 : Three Months 2020 2019 Ameren: Allowance for equity funds used during construction $ 4 $ 6 Interest income on industrial development revenue bonds 6 6 Other interest income 1 2 Non-service cost components of net periodic benefit income (a) 23 22 Miscellaneous income 2 2 Donations (13 ) (b) (6 ) Miscellaneous expense (2 ) (3 ) Total Other Income, Net $ 21 $ 29 Ameren Missouri: Allowance for equity funds used during construction $ 2 $ 4 Interest income on industrial development revenue bonds 6 6 Non-service cost components of net periodic benefit income (a) 5 4 Miscellaneous income 1 1 Donations (8 ) (b) (2 ) Miscellaneous expense (2 ) (1 ) Total Other Income, Net $ 4 $ 12 Ameren Illinois: Allowance for equity funds used during construction $ 2 $ 2 Interest income 1 2 Non-service cost components of net periodic benefit income 13 12 Miscellaneous income 1 1 Donations (4 ) (4 ) Miscellaneous expense (2 ) (2 ) Total Other Income, Net $ 11 $ 11 (a) For the three months ended March 31, 2020 and 2019 , the non-service cost components of net periodic benefit income were partially offset by a deferral of $6 million and $7 million , respectively, due to a regulatory tracking mechanism for the difference between the level of such costs incurred by Ameren Missouri under GAAP and the level of such costs included in rates. (b) Includes $8 million pursuant to Ameren Missouri’s March 2020 electric rate order. See Note 2 – Rate and Regulatory Matters for additional information. |
Derivative Financial Instrument
Derivative Financial Instruments | 3 Months Ended |
Mar. 31, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
DERIVATIVE FINANCIAL INSTRUMENTS | DERIVATIVE FINANCIAL INSTRUMENTS We use derivatives to manage the risk of changes in market prices for natural gas, power and uranium, as well as the risk of changes in rail transportation surcharges through fuel oil hedges. Such price fluctuations may cause the following: • an unrealized appreciation or depreciation of our contracted commitments to purchase or sell when purchase or sale prices under the commitments are compared with current commodity prices; • market values of natural gas and uranium inventories that differ from the cost of those commodities in inventory; • actual cash outlays for the purchase of these commodities that differ from anticipated cash outlays; and • actual off-system sales revenues that differ from anticipated revenues The derivatives that we use to hedge these risks are governed by our risk management policies for forward contracts, futures, options, and swaps. Our net positions are continually assessed within our structured hedging programs to determine whether new or offsetting transactions are required. The goal of the hedging program is generally to mitigate financial risks while ensuring that sufficient volumes are available to meet our requirements. Contracts we enter into as part of our risk management program may be settled financially, settled by physical delivery, or net settled with the counterparty. All contracts considered to be derivative instruments are required to be recorded on the balance sheet at their fair values, unless the NPNS exception applies. Many of our physical contracts, such as our purchased power contracts, qualify for the NPNS exception to derivative accounting rules. The revenue or expense on NPNS contracts is recognized at the contract price upon physical delivery. The following disclosures exclude NPNS contracts and other non-derivative commodity contracts that are accounted for under the accrual method of accounting. If we determine that a contract meets the definition of a derivative and is not eligible for the NPNS exception, we review the contract to determine whether the resulting gains or losses qualify for regulatory deferral. Derivative contracts that qualify for regulatory deferral are recorded at fair value, with changes in fair value recorded as regulatory assets or liabilities in the period in which the change occurs. We believe derivative losses and gains deferred as regulatory assets and liabilities are probable of recovery, or refund, through future rates charged to customers. Regulatory assets and liabilities are amortized to operating income as related losses and gains are reflected in rates charged to customers. Therefore, gains and losses on these derivatives have no effect on operating income. As of March 31, 2020 , and December 31, 2019 , all contracts that met the definition of a derivative and were not eligible for the NPNS exception received regulatory deferral. Cash flows for all derivative financial instruments are classified in cash flows from operating activities. The following table presents open gross commodity contract volumes by commodity type for derivative assets and liabilities as of March 31, 2020 , and December 31, 2019 . As of March 31, 2020 , these contracts extended through October 2023, March 2024, May 2032 and March 2023 for fuel oils, natural gas, power and uranium, respectively. Quantity (in millions, except as indicated) 2020 2019 Commodity Ameren Missouri Ameren Illinois Ameren Ameren Missouri Ameren Illinois Ameren Fuel oils (in gallons) 62 — 62 58 — 58 Natural gas (in mmbtu) 20 147 167 20 136 156 Power (in megawatthours) 5 7 12 5 7 12 Uranium (pounds in thousands) 365 — 365 565 — 565 The following table presents the carrying value and balance sheet location of all derivative commodity contracts, none of which were designated as hedging instruments, as of March 31, 2020 , and December 31, 2019 : March 31, 2020 December 31, 2019 Balance Sheet Location Ameren Missouri Ameren Illinois Ameren Ameren Missouri Ameren Illinois Ameren Fuel oils Other current assets $ 3 $ — $ 3 $ 4 $ — $ 4 Other assets 1 — 1 2 — 2 Natural gas Other current assets — 2 2 — 3 3 Other assets — 2 2 — 1 1 Power Other current assets 18 — 18 14 — 14 Other assets 4 — 4 2 — 2 Total assets $ 26 $ 4 $ 30 $ 22 $ 4 $ 26 Fuel oils Other current liabilities $ 19 $ — $ 19 $ 4 $ — $ 4 Other deferred credits and liabilities 12 — 12 3 — 3 Natural gas Other current liabilities 3 17 20 1 12 13 Other deferred credits and liabilities — 5 5 1 6 7 Power Other current liabilities 2 18 20 2 17 19 Other deferred credits and liabilities 1 223 224 1 207 208 Uranium Other deferred credits and liabilities 1 — 1 1 — 1 Total liabilities $ 38 $ 263 $ 301 $ 13 $ 242 $ 255 The Ameren Companies elect to present the fair value amounts of derivative assets and derivative liabilities subject to an enforceable master netting arrangement or similar agreement at the gross amounts on the balance sheet. However, if the gross amounts recognized on the balance sheet were netted with derivative instruments and cash collateral received or posted, the net amounts would not be materially different from the gross amounts at March 31, 2020 , and December 31, 2019 . Credit Risk In determining our concentrations of credit risk related to derivative instruments, we review our individual counterparties and categorize each counterparty into groupings according to the primary business in which each engages. As of March 31, 2020 , if counterparty groups were to fail completely to perform on contracts, the Ameren Companies’ maximum exposure related to derivative assets would have been immaterial with or without consideration of the application of master netting arrangements or similar agreements and collateral held. Certain of our derivative instruments contain collateral provisions tied to the Ameren Companies’ credit ratings. If our credit ratings were downgraded below investment grade, or if a counterparty with reasonable grounds for uncertainty regarding our ability to satisfy an obligation requested adequate assurance of performance, additional collateral postings might be required. The additional collateral required is the net liability position allowed under master netting arrangements or similar agreements, assuming (1) the credit risk-related contingent features underlying these arrangements were triggered and (2) those counterparties with rights to do so requested collateral. As of March 31, 2020 , the aggregate fair value of derivative instruments with credit risk-related contingent features in a gross liability position, the cash collateral posted, and the aggregate amount of additional collateral that counterparties could require were each immaterial to Ameren, Ameren Missouri, and Ameren Illinois. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2020 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures | FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair value measurements are classified in three levels based on the fair value hierarchy as defined by GAAP. See Note 8 – Fair Value Measurements under Part II, Item 8, of the Form 10-K for information related to hierarchy levels and valuation techniques. We consider nonperformance risk in our valuation of derivative instruments by analyzing our own credit standing and the credit standing of our counterparties, and by considering any credit enhancements (e.g., collateral). Included in our valuation, and based on current market conditions, is a valuation adjustment for counterparty default derived from market data such as the price of credit default swaps, bond yields, and credit ratings. No material gains or losses related to valuation adjustments for counterparty default risk were recorded at Ameren, Ameren Missouri, or Ameren Illinois in the three months ended March 31, 2020 or 2019 . At March 31, 2020 , and December 31, 2019 , the counterparty default risk valuation adjustment related to derivative contracts was immaterial for Ameren, Ameren Missouri, and Ameren Illinois. The following table sets forth, by level within the fair value hierarchy, our assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 , and December 31, 2019 : March 31, 2020 December 31, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Ameren Missouri Derivative assets – commodity contracts: Fuel oils $ — $ — $ 4 $ 4 $ — $ — $ 6 $ 6 Power 4 — 18 22 — 2 14 16 Total derivative assets – commodity contracts $ 4 $ — $ 22 $ 26 $ — $ 2 $ 20 $ 22 Nuclear decommissioning trust fund: Equity securities: U.S. large capitalization $ 457 $ — $ — $ 457 $ 569 $ — $ — $ 569 Debt securities: U.S. Treasury and agency securities — 105 — 105 — 107 — 107 Corporate bonds — 96 — 96 — 93 — 93 Other — 68 — 68 — 73 — 73 Total nuclear decommissioning trust fund $ 457 $ 269 $ — $ 726 (a) $ 569 $ 273 $ — $ 842 (a) Total Ameren Missouri $ 461 $ 269 $ 22 $ 752 $ 569 $ 275 $ 20 $ 864 Ameren Illinois Derivative assets – commodity contracts: Natural gas $ — $ 1 $ 3 $ 4 $ — $ 1 $ 3 $ 4 March 31, 2020 December 31, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Ameren Derivative assets – commodity contracts (b) $ 4 $ 1 $ 25 $ 30 $ — $ 3 $ 23 $ 26 Nuclear decommissioning trust fund (c) 457 269 — 726 (a) 569 273 — 842 (a) Total Ameren $ 461 $ 270 $ 25 $ 756 $ 569 $ 276 $ 23 $ 868 Liabilities: Ameren Missouri Derivative liabilities – commodity contracts: Fuel oils $ 18 $ — $ 13 $ 31 $ 1 $ — $ 6 $ 7 Natural gas — 3 — 3 — 2 — 2 Power 2 — 1 3 — 2 1 3 Uranium — — 1 1 — — 1 1 Total Ameren Missouri $ 20 $ 3 $ 15 $ 38 $ 1 $ 4 $ 8 $ 13 Ameren Illinois Derivative liabilities – commodity contracts: Natural gas $ 2 $ 15 $ 5 $ 22 $ 3 $ 12 $ 3 $ 18 Power — — 241 241 — — 224 224 Total Ameren Illinois $ 2 $ 15 $ 246 $ 263 $ 3 $ 12 $ 227 $ 242 Ameren Derivative liabilities – commodity contracts (b) $ 22 $ 18 $ 261 $ 301 $ 4 $ 16 $ 235 $ 255 (a) Balance excludes $16 million and $5 million of cash and cash equivalents, receivables, payables, and accrued income, net, for March 31, 2020 , and December 31, 2019 , respectively. (b) See the Ameren Missouri and Ameren Illinois sections of the table for a breakout of the fair value of Ameren’s derivative assets and liabilities by type of commodity. (c) See the Ameren Missouri section of the table for a breakout of the fair value of Ameren's nuclear decommissioning trust fund by investment type. Level 3 fuel oils, natural gas and uranium derivative contract assets and liabilities measured at fair value on a recurring basis were immaterial for all periods presented. The following table presents the fair value reconciliation of Level 3 power derivative contract assets and liabilities measured at fair value on a recurring basis for the three months ended March 31, 2020 and 2019 : 2020 2019 Ameren Missouri Ameren Illinois Ameren Ameren Missouri Ameren Illinois Ameren For the three months ended March 31: Beginning balance at January 1 $ 13 $ (224 ) $ (211 ) $ — $ (183 ) $ (183 ) Realized and unrealized gains/(losses) included in regulatory assets/liabilities 11 (21 ) (10 ) — (4 ) (4 ) Settlements (7 ) 4 (3 ) — 3 3 Ending balance at March 31 $ 17 $ (241 ) $ (224 ) $ — $ (184 ) $ (184 ) Change in unrealized gains/(losses) related to assets/liabilities held at March 31 $ 10 $ (21 ) $ (11 ) $ — $ (4 ) $ (4 ) All gains or losses related to our Level 3 derivative commodity contracts are expected to be recovered or returned through customer rates; therefore, there is no impact to either net income or other comprehensive income resulting from changes in the fair value of these instruments. The following table describes the valuation techniques and significant unobservable inputs utilized for the fair value of our Level 3 power derivative contract assets and liabilities as of March 31, 2020 , and December 31, 2019 : Fair Value Weighted Average (b) Commodity Assets Liabilities Valuation Technique(s) Unobservable Input (a) Range 2020 Power (c) $ 18 $ (242) Discounted cash flow Average forward peak and off-peak pricing – forwards/swaps ($/MWh) 16 – 33 25 Nodal basis ($/MWh) (6) – 0 (2) Trend rate (%) 2 – 3 2 2019 Power (d) $ 14 $ (225) Discounted cash flow Average forward peak and off-peak pricing – forwards/swaps ($/MWh) 22 – 34 25 Nodal basis ($/MWh) (6) – 0 (2) Trend rate (%) (1) – 0 0 (a) Generally, significant increases (decreases) in these inputs in isolation would result in a significantly higher (lower) fair value measurement. (b) Unobservable inputs were weighted by relative fair value (c) Valuations through 2029 use visible forward prices adjusted for nodal-to-hub basis differentials. Valuations beyond 2029 use a trend rate factor and are similarly adjusted for nodal-to-hub basis differentials. (d) Valuations through 2028 use visible forward prices adjusted for nodal-to-hub basis differentials. Valuations beyond 2028 use a trend rate factor and are similarly adjusted for nodal-to-hub basis differentials. The following table sets forth, by level within the fair value hierarchy, the carrying amount and fair value of financial assets and liabilities disclosed, but not recorded, at fair value as of March 31, 2020 , and December 31, 2019 : March 31, 2020 Carrying Amount Fair Value Level 1 Level 2 Level 3 Total Ameren: Cash, cash equivalents, and restricted cash $ 203 $ 203 $ — $ — $ 203 Investments in industrial development revenue bonds (a) 263 — 263 — 263 Short-term debt 615 — 615 — 615 Long-term debt (including current portion) (a) 9,735 (b) — 10,189 449 (c) 10,638 Ameren Missouri: Cash, cash equivalents, and restricted cash $ 24 $ 24 $ — $ — $ 24 Investments in industrial development revenue bonds (a) 263 — 263 — 263 Short-term debt 130 — 130 — 130 Long-term debt (including current portion) (a) 4,567 (b) — 5,098 — 5,098 Ameren Illinois: Cash, cash equivalents, and restricted cash $ 140 $ 140 $ — $ — $ 140 Short-term debt 60 — 60 — 60 Long-term debt (including current portion) 3,575 (b) — 3,945 — 3,945 December 31, 2019 Ameren: Cash, cash equivalents, and restricted cash $ 176 $ 176 $ — $ — $ 176 Investments in industrial development revenue bonds (a) 263 — 263 — 263 Short-term debt 440 — 440 — 440 Long-term debt (including current portion) (a) 9,357 (b) — 9,957 484 (c) 10,441 Ameren Missouri: Cash, cash equivalents, and restricted cash $ 39 $ 39 $ — $ — $ 39 Investments in industrial development revenue bonds (a) 263 — 263 — 263 Short-term debt 234 — 234 — 234 Long-term debt (including current portion) (a) 4,190 (b) — 4,772 — 4,772 Ameren Illinois: Cash, cash equivalents, and restricted cash $ 125 $ 125 $ — $ — $ 125 Short-term debt 53 — 53 — 53 Long-term debt (including current portion) 3,575 (b) — 4,019 — 4,019 (a) Ameren and Ameren Missouri have investments in industrial development revenue bonds, classified as held-to-maturity and recorded in “Other Assets,” that are equal to the finance obligations for the Peno Creek and Audrain CT energy centers. As of March 31, 2020 , and December 31, 2019 , the carrying amount of both the investments in industrial development revenue bonds and the finance obligations approximated fair value. (b) Included unamortized debt issuance costs, which were excluded from the fair value measurement, of $73 million , $32 million , and $34 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of March 31, 2020 . Included unamortized debt issuance costs, which were excluded from the fair value measurement, of $72 million , $30 million , and $34 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of December 31, 2019 . (c) The Level 3 fair value amount consists of ATXI’s senior unsecured notes. |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2020 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | RELATED-PARTY TRANSACTIONS In the normal course of business, Ameren Missouri and Ameren Illinois have engaged in, and may in the future engage in, affiliate transactions. These transactions primarily consist of natural gas and power purchases and sales, services received or rendered, and borrowings and lendings. Transactions between Ameren’s subsidiaries are reported as affiliate transactions on their individual financial statements, but those transactions are eliminated in consolidation for Ameren’s consolidated financial statements. For a discussion of material related-party agreements and money pool arrangements, see Note 13 – Related-party Transactions and Note 4 – Short-term Debt and Liquidity under Part II, Item 8, of the Form 10-K. Capacity Supply Agreement In April 2020, Ameren Illinois conducted a procurement event, administered by the IPA, to acquire capacity. Ameren Missouri was among the winning suppliers in this event. As a result, in April 2020, Ameren Missouri contracted to supply a portion of Ameren Illinois’ capacity requirements for $2 million from June 2021 through May 2023. Tax Allocation Agreement See Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of the Form 10-K for a discussion of the tax allocation agreement. The following table presents the affiliate balances related to income taxes for Ameren Missouri and Ameren Illinois as of March 31, 2020 , and December 31, 2019 : March 31, 2020 December 31, 2019 Ameren Missouri Ameren Illinois Ameren Missouri Ameren Illinois Income taxes payable to parent (a) $ 12 $ 48 $ 15 $ 43 Income taxes receivable from parent (b) 16 1 15 17 (a) Included in “Accounts payable – affiliates” on the balance sheet. (b) Included in “Accounts receivable – affiliates” on the balance sheet. Effects of Related-party Transactions on the Statement of Income The following table presents the effect on Ameren Missouri and Ameren Illinois of related-party transactions for the three months ended March 31, 2020 and 2019 : Three Months Agreement Income Statement Line Item Ameren Ameren Ameren Missouri power supply Operating Revenues 2020 $ 3 $ (a) agreements with Ameren Illinois 2019 (b) (a) Ameren Missouri and Ameren Illinois Operating Revenues 2020 $ 7 $ 1 rent and facility services 2019 7 1 Ameren Missouri and Ameren Illinois Operating Revenues 2020 $ (b) $ (b) miscellaneous support services 2019 (b) (b) Total Operating Revenues 2020 $ 10 $ 1 2019 7 1 Ameren Illinois power supply Purchased Power 2020 $ (a) $ 3 agreements with Ameren Missouri 2019 (a) (b) Ameren Illinois transmission Purchased Power 2020 $ (a) $ (b) services with ATXI 2019 (a) (b) Total Purchased Power 2020 $ (a) $ 3 2019 (a) (b) Ameren Missouri and Ameren Illinois Other Operations and Maintenance 2020 $ (b) $ 1 rent and facility services 2019 (b) 1 Ameren Services support services Other Operations and Maintenance 2020 $ 35 $ 33 agreement 2019 32 30 Total Other Operations and 2020 $ 35 $ 34 Maintenance 2019 32 31 Money pool borrowings (advances) (Interest Charges)/Other Income, Net 2020 $ (b) $ (b) 2019 — — (a) Not applicable. (b) Amount less than $1 million. |
Commitments And Contingencies
Commitments And Contingencies | 3 Months Ended |
Mar. 31, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | COMMITMENTS AND CONTINGENCIES We are involved in legal, tax, and regulatory proceedings before various courts, regulatory commissions, authorities, and governmental agencies with respect to matters that arise in the ordinary course of business, some of which involve substantial amounts of money. We believe that the final disposition of these proceedings, except as otherwise disclosed in the notes to our financial statements in this report and in the Form 10-K, will not have a material adverse effect on our results of operations, financial position, or liquidity. Reference is made to Note 1 – Summary of Significant Accounting Policies, Note 2 – Rate and Regulatory Matters, Note 13 – Related-party Transactions, and Note 14 – Commitments and Contingencies under Part II, Item 8, of the Form 10-K. See also Note 1 – Summary of Significant Accounting Policies, Note 2 – Rate and Regulatory Matters, Note 8 – Related-party Transactions, and Note 10 – Callaway Energy Center of this report. Other Obligations To supply a portion of the fuel requirements of Ameren Missouri’s energy centers, Ameren Missouri has entered into various long-term commitments for the procurement of coal, natural gas, nuclear fuel, and methane gas. Ameren Missouri and Ameren Illinois also have entered into various long-term commitments for purchased power and natural gas for distribution. The table below presents our estimated minimum fuel, purchased power, and other commitments at March 31, 2020 . Ameren’s and Ameren Illinois’ purchased power commitments include the Ameren Illinois agreements entered into as part of the IPA-administered power procurement process. Included in the Other column are minimum purchase commitments under contracts for equipment, design and construction, and meter reading services, among other agreements, at March 31, 2020 . Coal Natural Gas (a) Nuclear Fuel Purchased Power (b)(c) Methane Gas Other Total Ameren: 2020 $ 242 $ 150 $ 35 $ 85 (d) $ 2 $ 55 $ 569 2021 219 129 57 51 3 40 499 2022 185 69 11 13 3 24 305 2023 105 39 44 3 3 24 218 2024 94 13 15 — 3 23 148 Thereafter 55 43 16 — 24 59 197 Total $ 900 $ 443 $ 178 $ 152 $ 38 $ 225 $ 1,936 Ameren Missouri: 2020 $ 242 $ 32 $ 35 $ — $ 2 $ 43 $ 354 2021 219 26 57 — 3 31 336 2022 185 15 11 — 3 23 237 2023 105 13 44 — 3 24 189 2024 94 6 15 — 3 23 141 Thereafter 55 19 16 — 24 26 140 Total $ 900 $ 111 $ 178 $ — $ 38 $ 170 $ 1,397 Ameren Illinois: 2020 $ — $ 118 $ — $ 85 (d) $ — $ 5 $ 208 2021 — 103 — 51 — 4 158 2022 — 54 — 13 — — 67 2023 — 26 — 3 — — 29 2024 — 7 — — — — 7 Thereafter — 24 — — — — 24 Total $ — $ 332 $ — $ 152 $ — $ 9 $ 493 (a) Includes amounts for generation and for distribution. (b) The purchased power amounts for Ameren and Ameren Illinois exclude agreements for renewable energy credits through 2035 with various renewable energy suppliers due to the contingent nature of the payment amounts, with the exception of expected payments of $15 million through 2024. (c) The purchased power amounts for Ameren and Ameren Missouri exclude a 102 -megawatt power purchase agreement with a wind farm operator, which expires in 2024, due to the contingent nature of the payment amounts. (d) In January 2018, as required by the FEJA, Ameren Illinois entered into agreements to acquire zero emission credits, through 2026. Annual zero emission credit commitment amounts will be published by the IPA each May prior to the start of the subsequent planning year. The amounts above reflect Ameren Illinois’ commitment to acquire approximately $11 million of zero emission credits through May 2020. In April 2020, Ameren Illinois conducted procurement events, administered by the IPA, to purchase energy products and capacity through May 2023. In the April 2020 procurement events, Ameren Illinois contracted to purchase 3,550,800 megawatthours of energy products for $92 million from June 2020 through May 2023 and 617 megawatts of capacity for $4 million from June 2021 through May 2023. See Note 8 – Related-party Transactions for additional information regarding the capacity agreement between Ameren Missouri and Ameren Illinois as a result of the April 2020 capacity procurement event. Environmental Matters We are subject to various environmental laws, including statutes and regulations, enforced by federal, state, and local authorities. The development and operation of electric generation, transmission, and distribution facilities and natural gas storage, transmission, and distribution facilities can trigger compliance obligations with respect to environmental laws. These laws address emissions, discharges to water, water intake, impacts to air, land, and water, and chemical and waste handling. Complex and lengthy processes are required to obtain and renew approvals, permits, and licenses for new, existing or modified facilities. Additionally, the use and handling of various chemicals or hazardous materials require release prevention plans and emergency response procedures. The EPA has promulgated environmental regulations that have a significant impact on the electric utility industry. Over time, compliance with these regulations could be costly for Ameren Missouri, which operates coal-fired power plants. Regulations that apply to air emissions from the electric utility industry include the NSPS, the CSAPR, the MATS, and the National Ambient Air Quality Standards, which are subject to periodic review for certain pollutants. Collectively, these regulations cover a variety of pollutants, such as SO 2 , particulate matter, NO x , mercury, toxic metals, and acid gases, and CO 2 emissions from new power plants. Water intake and discharges from power plants are regulated under the Clean Water Act. Such regulation could require modifications to water intake structures or more stringent limitations on wastewater discharges at Ameren Missouri’s energy centers, either of which could result in significant capital expenditures. The management and disposal of coal ash is regulated under the CCR rule, which will require the closure of surface impoundments and the installations of dry ash handling systems at several of Ameren Missouri’s energy centers. The individual or combined effects of existing environmental regulations could result in significant capital expenditures, increased operating costs, or the closure or alteration of operations at some of Ameren Missouri’s energy centers. Ameren and Ameren Missouri expect that such compliance costs would be recoverable through rates, subject to MoPSC prudence review, but the timing of costs and their recovery could be subject to regulatory lag. Ameren and Ameren Missouri estimate that they will need to make capital expenditures of $200 million to $250 million from 2020 through 2024 in order to comply with existing environmental regulations. Additional environmental controls beyond 2024 could be required. This estimate of capital expenditures includes expenditures required by the CCR regulations, by the Clean Water Act rule applicable to cooling water intake structures at existing power plants, and by effluent limitation guidelines applicable to steam electric generating units, all of which are discussed below. This estimate does not include capital expenditures that may be required as a result of the NSR and Clean Air Act litigation discussed below. Ameren Missouri’s current plan for compliance with existing air emission regulations includes burning low-sulfur coal and installing new or optimizing existing air pollution control equipment. The actual amount of capital expenditures required to comply with existing environmental regulations may vary substantially from the above estimate because of uncertainty as to whether the EPA will substantially revise regulatory obligations, exactly which compliance strategies will be used and their ultimate cost, among other things. The following sections describe the more significant environmental laws and rules and environmental enforcement and remediation matters that affect or could affect our operations. The EPA has initiated an administrative review of several regulations and proposed amendments to regulations and guidelines, including to the effluent limitation guidelines and the CCR Rule, which could ultimately result in the revision of all or part of such rules. Clean Air Act Federal and state laws, including CSAPR, regulate emissions of SO 2 and NO x through the reduction of emissions at their source and the use and retirement of emission allowances. The first phase of the CSAPR emission reduction requirements became effective in 2015. The second phase of emission reduction requirements, which were revised by the EPA in 2016, became effective in 2017; additional emission reduction requirements may apply in subsequent years. To achieve compliance with the CSAPR, Ameren Missouri burns low-sulfur coal, operates two scrubbers at its Sioux Energy Center, and optimizes other existing air pollution control equipment. Ameren Missouri expects to incur additional costs to lower its emissions at one or more of its energy centers to comply with the CSAPR in future years. These higher costs are expected to be recovered from customers through the FAC or higher base rates. CO 2 Emissions Standards In September 2019, the EPA’s Affordable Clean Energy Rule, which establishes emission guidelines for states to follow in developing plans to limit CO 2 emissions from coal-fired electric generating units, became effective. The EPA has identified certain efficiency measures as the best system of emission reduction for coal-fired electric generating units. The rule requires the state of Missouri to develop a compliance plan and submit it to the EPA for approval by July 2022. The plan is expected to include a standard of performance for each affected generating unit. We are evaluating the impact of the adoption and implementation of the Affordable Clean Energy Rule and, along with other stakeholders, will be working with the state of Missouri to develop the compliance plan submitted to the EPA. At this time, we cannot predict the outcome of Missouri’s compliance plan development process. As such, the impact on the results of operations, financial position, and liquidity of Ameren and Ameren Missouri is uncertain. We also cannot predict the outcome of any potential legal challenges to the rule. NSR and Clean Air Litigation In January 2011, the Department of Justice, on behalf of the EPA, filed a complaint against Ameren Missouri in the United States District Court for the Eastern District of Missouri alleging that in performing projects at its coal-fired Rush Island Energy Center in 2007 and 2010, Ameren Missouri violated provisions of the Clean Air Act and Missouri law. In January 2017, the district court issued a liability ruling and, in September 2019, entered a final order that required Ameren Missouri to install a flue gas desulfurization system at the Rush Island Energy Center and a dry sorbent injection system at the Labadie Energy Center. There were no fines in the order. In October 2019, Ameren Missouri appealed the district court’s ruling to the United States Court of Appeals for the Eighth Circuit. Additionally, in October 2019, following a request by Ameren Missouri, the district court stayed implementation of the majority of its order’s requirements while the case is appealed. Ameren Missouri believes the district court both misinterpreted and misapplied the law in its ruling. We are unable to predict the ultimate resolution of this matter. Ameren Missouri expects to file its brief in the appeal in late May 2020. Based on anticipated scheduling, the court is expected to hear oral arguments in 2020; however, it is under no deadline to issue a ruling in this case. The ultimate resolution of this matter could have a material adverse effect on the results of operations, financial position, and liquidity of Ameren and Ameren Missouri. Among other things and subject to economic and regulatory considerations, resolution of this matter could result in increased capital expenditures for the installation of air pollution control equipment, as well as increased operations and maintenance expenses. Based upon engineering studies, capital expenditures to comply with the district court’s order for installation of a flue gas desulfurization system at the Rush Island Energy Center are estimated at approximately $1 billion . Further, the flue gas desulfurization system would result in additional operation and maintenance expenses of $30 million to $50 million annually for the life of the energy center. Engineering studies required to develop estimated capital expenditures and estimated additional operation and maintenance expenses for the Labadie Energy Center to comply with the district court’s order will not be undertaken while the case is under appeal. As a result of the district court’s stay, Ameren Missouri does not expect to make significant capital expenditures or incur operations and maintenance expenses related to the district court’s order while the case is under appeal. Clean Water Act In July 2018, the United States Court of Appeals for the Second Circuit upheld the EPA’s Section 316(b) Rule applicable to cooling water intake structures at existing power plants. The rule requires a case-by-case evaluation and plan for reducing the number of aquatic organisms impinged on a power plant’s cooling water intake screens or entrained through the plant’s cooling water system. All of Ameren Missouri’s coal-fired and nuclear energy centers are subject to the cooling water intake structures rule. Requirements of the rule are being implemented by Ameren Missouri during the permit renewal process of each energy center’s water discharge permit, which is expected to be completed by 2023. In 2015, the EPA issued a rule to revise the effluent limitation guidelines applicable to steam electric generating units. These guidelines established national standards for water discharges that are based on the effectiveness of available control technology. The EPA’s 2015 rule prohibits effluent discharges of certain waste streams and imposes more stringent limitations on certain water discharges from power plants. In September 2017, the EPA published a rule that postponed the compliance dates by two years for the limitations applicable to two specific waste streams so that it could potentially revise those standards. To meet the requirements of the guidelines, Ameren Missouri is constructing wastewater treatment facilities and dry ash handling systems at three of its energy centers and is scheduled to complete the projects in 2020. Estimated capital expenditures to complete these projects are included in the CCR management compliance plan, discussed below. CCR Management In 2015, the EPA issued the CCR rule, which established requirements for the management and disposal of CCR from coal-fired power plants. These regulations affect CCR disposal and handling costs at Ameren Missouri’s energy centers. Ameren Missouri is in the process of closing its surface impoundments, with the last of such closures scheduled for 2023. The EPA issued revisions to the CCR rule in July 2018, proposed additional revisions in July and November 2019, and indicated that additional revisions to the CCR rule are likely. Ameren and Ameren Missouri have AROs of $137 million recorded on their respective balance sheets as of March 31, 2020 , associated with CCR storage facilities. Ameren Missouri estimates it will need to make capital expenditures of $75 million to $125 million from 2020 through 2024 to implement its CCR management compliance plan, which includes installation of dry ash handling systems, wastewater treatment facilities, and groundwater monitoring equipment. Remediation The Ameren Companies are involved in a number of remediation actions to clean up sites impacted by the use or disposal of materials containing hazardous substances. Federal and state laws can require responsible parties to fund remediation regardless of their degree of fault, the legality of original disposal, or the ownership of a disposal site. As of March 31, 2020 , Ameren Illinois has remediated the majority of the 44 former MGP sites in Illinois it owned or for which it was otherwise responsible. Ameren Illinois estimates it could substantially conclude remediation efforts at the remaining sites by 2023. The ICC allows Ameren Illinois to recover such remediation and related litigation costs from its electric and natural gas utility customers through environmental cost riders. Costs are subject to annual prudence review by the ICC. As of March 31, 2020 , Ameren Illinois estimated the remaining obligation related to these former MGP sites at $126 million to $213 million . Ameren and Ameren Illinois recorded a liability of $126 million to represent the estimated minimum obligation for these sites, as no other amount within the range was a better estimate. The scope of the remediation activities at these former MGP sites may increase as remediation efforts continue. Considerable uncertainty remains in these estimates because many site-specific factors can influence the ultimate actual costs, including unanticipated underground structures, the degree to which groundwater is encountered, regulatory changes, local ordinances, and site accessibility. The actual costs and timing of completion may vary substantially from these estimates. Our operations or those of our predecessor companies involve the use of, disposal of, and, in appropriate circumstances, the cleanup of substances regulated under environmental laws. We are unable to determine whether such practices will result in future environmental commitments or will affect our results of operations, financial position, or liquidity. |
Callaway Energy Center
Callaway Energy Center | 3 Months Ended |
Mar. 31, 2020 | |
Nuclear Waste Matters [Abstract] | |
CALLAWAY ENERGY CENTER | CALLAWAY ENERGY CENTER See Note 9 – Callaway Energy Center under Part II, Item 8, of the Form 10-K for information regarding spent nuclear fuel recovery, recovery of decommissioning costs, and the nuclear decommissioning trust fund. The fair value of the trust fund for Ameren Missouri’s Callaway Energy Center is reported as “Nuclear decommissioning trust fund” in Ameren’s and Ameren Missouri’s balance sheets. This amount is legally restricted and may be used only to fund the costs of nuclear decommissioning. Changes in the fair value of the trust fund are recorded as an increase or decrease to the nuclear decommissioning trust fund, with an offsetting adjustment to the related regulatory liability. Insurance The following table presents insurance coverage at Ameren Missouri’s Callaway Energy Center at April 1, 2020 : Type and Source of Coverage Most Recent Maximum Coverages Maximum Assessments for Single Incidents Public liability and nuclear worker liability: American Nuclear Insurers January 1, 2020 $ 450 $ — Pool participation (a) 13,348 (a) 138 (b) $ 13,798 (c) $ 138 Property damage: NEIL and EMANI April 1, 2020 $ 3,200 (d) $ 25 (e) Replacement power: NEIL April 1, 2020 $ 490 (f) $ 7 (e) (a) Provided through mandatory participation in an industrywide retrospective premium assessment program. The maximum coverage available is dependent on the number of United States commercial reactors participating in the program. (b) Retrospective premium under the Price-Anderson Act. This is subject to retrospective assessment with respect to a covered loss in excess of $450 million in the event of an incident at any licensed United States commercial reactor, payable at $21 million per year. (c) Limit of liability for each incident under the Price-Anderson liability provisions of the Atomic Energy Act of 1954, as amended. This limit is subject to change to account for the effects of inflation and changes in the number of licensed power reactors. (d) NEIL provides $2.7 billion in property damage, stabilization, decontamination, and premature decommissioning insurance for radiation events and $2.3 billion in property damage insurance for nonradiation events. EMANI provides $490 million in property damage insurance for both radiation and nonradiation events. (e) All NEIL-insured plants could be subject to assessments should losses exceed the accumulated funds from NEIL. (f) Provides replacement power cost insurance in the event of a prolonged accidental outage. Weekly indemnity up to $4.5 million for 52 weeks, which commences after the first 12 weeks of an outage, plus up to $3.6 million per week for a minimum of 71 weeks thereafter for a total not exceeding the policy limit of $490 million . Nonradiation events are limited to $328 million . The Price-Anderson Act is a federal law that limits the liability for claims from an incident involving any licensed United States commercial nuclear energy center. The limit is based on the number of licensed reactors. The limit of liability and the maximum potential annual payments are adjusted at least every five years for inflation to reflect changes in the Consumer Price Index. The most recent five-year inflationary adjustment became effective in November 2018. Owners of a nuclear reactor cover this exposure through a combination of private insurance and mandatory participation in a financial protection pool, as established by the Price-Anderson Act. Losses resulting from terrorist attacks on nuclear facilities insured by NEIL are subject to industrywide aggregates, such that terrorist acts against one or more commercial nuclear power plants within a stated time period would be treated as a single event, and the owners of the nuclear power plants would share the limit of liability. NEIL policies have an aggregate limit of $3.2 billion within a 12-month period for radiation events, or $1.8 billion for events not involving radiation contamination, resulting from terrorist attacks. The EMANI policies are not subject to industrywide aggregates in the event of terrorist attacks on nuclear facilities. If losses from a nuclear incident at the Callaway Energy Center exceed the limits of, or are not covered by insurance, or if coverage is unavailable, Ameren Missouri is at risk for any uninsured losses. If a serious nuclear incident were to occur, it could have a material adverse effect on Ameren’s and Ameren Missouri’s results of operations, financial position, or liquidity. |
Retirement Benefits
Retirement Benefits | 3 Months Ended |
Mar. 31, 2020 | |
Defined Benefit Plan [Abstract] | |
RETIREMENT BENEFITS | RETIREMENT BENEFITS The following table presents the components of the net periodic benefit cost (income) incurred for Ameren’s pension and postretirement benefit plans for the three months ended March 31, 2020 and 2019 : Pension Benefits Postretirement Benefits Three Months Three Months 2020 2019 2020 2019 Service cost (a) $ 27 $ 22 $ 4 $ 4 Non-service cost components: Interest cost 43 47 10 11 Expected return on plan assets (73 ) (69 ) (20 ) (19 ) Amortization of: Prior service benefit — — (1 ) (1 ) Actuarial loss (gain) 14 6 (2 ) (4 ) Total non-service cost components (b) $ (16 ) $ (16 ) $ (13 ) $ (13 ) Net periodic benefit cost (income) $ 11 $ 6 $ (9 ) $ (9 ) (a) Service cost, net of capitalization, is reflected in “Operating Expenses – Other operations and maintenance” on Ameren’s statement of income. (b) Non-service cost components are reflected in “Other Income, Net” on Ameren’s statement of income. See Note 5 – Other Income, Net for additional information. Ameren Missouri and Ameren Illinois are responsible for their respective shares of Ameren’s pension and postretirement costs. The following table presents the respective share of net periodic pension and other postretirement benefit costs (income) incurred for the three months ended March 31, 2020 and 2019 : Pension Benefits Postretirement Benefits Three Months Three Months 2020 2019 2020 2019 Ameren Missouri (a) $ 4 $ 1 $ (1 ) $ (2 ) Ameren Illinois 7 5 (8 ) (7 ) Ameren (a) $ 11 $ 6 $ (9 ) $ (9 ) (a) Does not include the impact of the regulatory tracking mechanism for the difference between the level of pension and postretirement benefit costs incurred by Ameren Missouri under GAAP and the level of such costs included in rates. Funding Ameren expects to make annual contributions of approximately $5 million to $45 million in each year through 2024, with aggregate estimated contributions of $115 million , based on its assumptions at March 31, 2020 , its investment performance in 2020, and its pension funding policy. This is an increase from the aggregate estimated contributions of $70 million at December 31, 2019 , due to year-to-date performance of Ameren’s pension and other postretirement benefit plan assets in 2020. |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2020 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | INCOME TAXES The following table presents a reconciliation of the federal statutory corporate income tax rate to the effective income tax rate for the three months ended March 31, 2020 and 2019 : Ameren Ameren Missouri Ameren Illinois 2020 2019 2020 2019 2020 2019 Three Months Federal statutory corporate income tax rate: 21% 21% 21% 21% 21% 21% Increases (decreases) from: Amortization of excess deferred taxes (9) (7) (15) (12) (3) (3) Depreciation differences (1) — — — (1) — Amortization of deferred investment tax credit — (1) (1) (1) — — State tax 6 6 3 4 7 7 Stock-based compensation (5) (7) — — — — Other permanent items — — — (3) — — Effective income tax rate 12% 12% 8% 9% 24% 25% |
Supplemental Information
Supplemental Information | 3 Months Ended |
Mar. 31, 2020 | |
Supplemental Information [Abstract] | |
Supplemental Information | SUPPLEMENTAL INFORMATION Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets and the statements of cash flows as of March 31, 2020 , and December 31, 2019 : March 31, 2020 December 31, 2019 Ameren Ameren Ameren Ameren Ameren Ameren Cash and cash equivalents $ 42 $ 3 $ 6 $ 16 $ 9 $ — Restricted cash included in “Other current assets” 16 4 6 14 4 5 Restricted cash included in “Other assets” 128 — 128 120 — 120 Restricted cash included in “Nuclear decommissioning trust fund” 17 17 — 26 26 — Total cash, cash equivalents, and restricted cash $ 203 $ 24 $ 140 $ 176 $ 39 $ 125 Restricted cash included in “Other current assets” primarily represents funds held by an irrevocable Voluntary Employee Beneficiary Association (VEBA) trust, which provides health care benefits for active employees. Restricted cash included in “Other assets” on Ameren’s and Ameren Illinois’ balance sheets primarily represents amounts collected under a cost recovery rider restricted for use in the procurement of renewable energy credits and amounts in a trust fund restricted for the use of funding certain asbestos-related claims. Accounts Receivable “Accounts receivable – trade” on Ameren’s and Ameren Illinois’ balance sheets include certain receivables purchased at a discount from alternative retail electric suppliers that elect to participate in the utility consolidated billing program. At March 31, 2020 , and December 31, 2019 , “Other current liabilities” on Ameren’s and Ameren Illinois’ balance sheets included payables for purchased receivables of $33 million and $32 million , respectively. The following table provides a reconciliation of the beginning and ending amount of the allowance for doubtful accounts for the three months ended March 31, 2020 and 2019 : 2020 2019 Ameren Ameren Ameren (a) Ameren Ameren Ameren (a) Balance at January 1 $ 17 $ 7 $ 10 $ 18 $ 7 $ 11 Bad debt expense 3 2 1 3 1 2 Net write-offs (1 ) (1 ) — (2 ) (1 ) (1 ) Balance at March 31 $ 19 $ 8 $ 11 $ 19 $ 7 $ 12 (a) Ameren Illinois has a rate-adjustment mechanism that allows it to recover the difference between its actual net bad debt write-offs under GAAP and the amount of net bad debt write-offs included in its base rates. Supplemental Cash Flow Information The following table provides noncash financing and investing activity excluded from the statements of cash flows for the three months ended March 31, 2020 and 2019 : March 31, 2020 March 31, 2019 Ameren Ameren Missouri Ameren Illinois Ameren Ameren Missouri Ameren Illinois Investing Accrued capital expenditures $ 235 $ 97 $ 127 $ 208 $ 92 $ 106 Accrued nuclear fuel expenditures 7 7 — — — — Net realized and unrealized gain (loss) – nuclear decommissioning trust fund (111 ) (111 ) — 64 64 — Financing Issuance of common stock for stock-based compensation $ 38 $ — $ — $ 54 $ — $ — Asset Retirement Obligations The following table provides a reconciliation of the beginning and ending carrying amount of AROs for the three months ended March 31, 2020 : Ameren Missouri Ameren Illinois Ameren Balance at December 31, 2019 $ 687 (a) $ 4 (b) $ 691 (a) Liabilities settled (14 ) — (14 ) Accretion 7 (c) — 7 (c) Balance at March 31, 2020 $ 680 (a) $ 4 (b) $ 684 (a) (a) Balance included $53 million in “Other current liabilities” on the balance sheet as of both December 31, 2019 , and March 31, 2020 . (b) Included in “Other deferred credits and liabilities” on the balance sheet. (c) Accretion expense attributable to Ameren Missouri was recorded as a decrease to regulatory liabilities. Stock-based Compensation On January 1, 2020, Ameren granted 294,320 performance share units with a grant date fair value of $24 million and 132,307 restricted share units with a grant date fair value of $10 million . Awards vest approximately 38 months after the grant date or on a pro-rata basis upon death or eligible retirement. The performance share units vest based on the achievement of certain specified market performance measures ( 252,370 performance share units) or based on the achievement of renewable generation and energy storage installation targets ( 41,950 performance share units). The exact number of shares issued pursuant to a performance share unit varies from 0% to 200% of the target award, depending on actual company performance relative to the performance goals. For the three months ended March 31, 2020 and 2019 , excess tax benefits associated with the settlement of stock-based compensation awards reduced income tax expense by $8 million and $14 million , respectively. Deferred Compensation As of March 31, 2020 , and December 31, 2019 , “Other current liabilities” and “Other deferred credits and liabilities” on Ameren’s balance sheet included deferred compensation obligations of $85 million and $86 million , respectively, recorded at the present value of future benefits to be paid. Operating Revenues As of March 31, 2020 and 2019 , our remaining performance obligations for contracts with a term greater than one year were immaterial. The Ameren Companies elected not to disclose the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied as of the end of the reporting period for contracts with an initial expected term of one year or less. See Note 14 – Segment Information for disaggregated revenue information. Excise Taxes Ameren Missouri and Ameren Illinois collect from their customers excise taxes, including municipal and state excise taxes and gross receipts taxes that are levied on the sale or distribution of natural gas and electricity. The following table presents the excise taxes recorded on a gross basis in “Operating Revenues – Electric,” “Operating Revenues – Natural gas” and “Operating Expenses – Taxes other than income taxes” on the statements of income for the three months ended March 31, 2020 and 2019 : Three Months 2020 2019 Ameren Missouri $ 30 $ 31 Ameren Illinois 35 39 Ameren $ 65 $ 70 Earnings per Share The following table reconciles the basic weighted-average number of common shares outstanding to the diluted weighted-average number of common shares outstanding for the three months ended March 31, 2020 and 2019 : Three Months 2020 2019 Weighted-average Common Shares Outstanding – Basic 246.4 244.9 Assumed settlement of performance share units and restricted stock units 1.1 1.5 Dilutive effect of forward sale agreement 0.6 — Weighted-average Common Shares Outstanding – Diluted (a) 248.1 246.4 (a) There were no potentially dilutive securities excluded from the earnings per diluted share calculations for the three months ended March 31, 2020 and 2019 . |
Segment Information
Segment Information | 3 Months Ended |
Mar. 31, 2020 | |
Segment Reporting [Abstract] | |
SEGMENT INFORMATION | SEGMENT INFORMATION The following tables present revenues, net income (loss) attributable to common shareholders, and capital expenditures by segment at Ameren and Ameren Illinois for the three months ended March 31, 2020 and 2019 . Ameren, Ameren Missouri, and Ameren Illinois management review segment capital expenditure information rather than any individual or total asset amount. For additional information about our segments, see Note 16 – Segment Information under Part II, Item 8, of the Form 10-K Ameren Ameren Missouri Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Transmission Other Intersegment Eliminations Ameren Three Months 2020: External revenues $ 670 $ 389 $ 271 $ 110 $ — $ — $ 1,440 Intersegment revenues 10 1 — 13 — (24 ) — Net income (loss) attributable to Ameren common shareholders (10 ) 37 55 47 (a) 17 — 146 Capital expenditures 278 123 61 170 3 1 636 Three Months 2019: External revenues $ 751 $ 386 $ 320 $ 99 $ — $ — $ 1,556 Intersegment revenues 7 1 — 15 — (23 ) — Net income attributable to Ameren common shareholders 39 36 57 44 (a) 15 — 191 Capital expenditures 240 124 51 121 10 (2 ) 544 (a) Ameren Transmission earnings reflect an allocation of financing costs from Ameren (parent). Ameren Illinois Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Illinois Transmission Intersegment Eliminations Ameren Illinois Three Months 2020: External revenues $ 390 $ 271 $ 62 $ — $ 723 Intersegment revenues — — 12 (a) (12 ) — Net income available to common shareholder 37 55 28 — 120 Capital expenditures 123 61 140 — 324 Three Months 2019: External revenues $ 387 $ 320 $ 55 $ — $ 762 Intersegment revenues — — 15 (a) (15 ) — Net income available to common shareholder 36 57 27 — 120 Capital expenditures 124 51 92 — 267 (a) Ameren Illinois Transmission earns revenue from transmission service provided to Ameren Illinois Electric Distribution. The following tables present disaggregated revenues by segment at Ameren and Ameren Illinois for the three months ended March 31, 2020 and 2019 . Economic factors affect the nature, timing, amount, and uncertainty of revenues and cash flows in a similar manner across customer classes. Revenues from alternative revenue programs have a similar distribution among customer classes as revenues from contracts with customers. Other revenues not associated with contracts with customers are presented in the Other customer classification, along with electric transmission and off-system revenues. Ameren Ameren Missouri Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Transmission Intersegment Eliminations Ameren Three Months 2020: Residential $ 297 $ 220 $ — $ — $ — $ 517 Commercial 221 126 — — — 347 Industrial 53 35 — — — 88 Other 60 9 — 123 (24 ) 168 Total electric revenues $ 631 $ 390 $ — $ 123 $ (24 ) $ 1,120 Residential $ 33 $ — $ 213 $ — $ — $ 246 Commercial 13 — 54 — — 67 Industrial 1 — 3 — — 4 Other 2 — 1 — — 3 Total natural gas revenues $ 49 $ — $ 271 $ — $ — $ 320 Total revenues (a) $ 680 $ 390 $ 271 $ 123 $ (24 ) $ 1,440 Three Months 2019: Residential $ 312 $ 217 $ — $ — $ — $ 529 Commercial 239 123 — — — 362 Industrial 55 34 — — — 89 Other 98 13 — 114 (23 ) 202 Total electric revenues $ 704 $ 387 $ — $ 114 $ (23 ) $ 1,182 Residential $ 38 $ — $ 246 $ — $ — $ 284 Commercial 16 — 65 — — 81 Industrial 2 — 4 — — 6 Other (2 ) — 5 — — 3 Total natural gas revenues $ 54 $ — $ 320 $ — $ — $ 374 Total revenues (a) $ 758 $ 387 $ 320 $ 114 $ (23 ) $ 1,556 (a) The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the three months ended March 31, 2020 and 2019 : Ameren Missouri Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Transmission Ameren Three Months 2020: Revenues from alternative revenue programs $ (3 ) $ 46 $ 11 $ 12 $ 66 Other revenues not from contracts with customers 8 1 1 — 10 Three Months 2019: Revenues from alternative revenue programs $ 15 $ 22 $ (3 ) $ (5 ) $ 29 Other revenues not from contracts with customers 5 3 1 — 9 Ameren Illinois Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Illinois Transmission Intersegment Eliminations Ameren Illinois Three Months 2020: Residential $ 220 $ 213 $ — $ — $ 433 Commercial 126 54 — — 180 Industrial 35 3 — — 38 Other 9 1 74 (12 ) 72 Total revenues (a) $ 390 $ 271 $ 74 $ (12 ) $ 723 Three Months 2019: Residential $ 217 $ 246 $ — $ — $ 463 Commercial 123 65 — — 188 Industrial 34 4 — — 38 Other 13 5 70 (15 ) 73 Total revenues (a) $ 387 $ 320 $ 70 $ (15 ) $ 762 (a) The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the Ameren Illinois segments for the three months ended March 31, 2020 and 2019 : Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Illinois Transmission Ameren Illinois Three Months 2020: Revenues from alternative revenue programs $ 46 $ 11 $ 10 $ 67 Other revenues not from contracts with customers 1 1 — 2 Three Months 2019: Revenues from alternative revenue programs $ 22 $ (3 ) $ (5 ) $ 14 Other revenues not from contracts with customers 3 1 — 4 |
Summary Of Significant Accoun_2
Summary Of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Nature of Operations | Ameren, headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren’s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren’s common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries. Ameren’s principal subsidiaries are listed below. Ameren has other subsidiaries that conduct other activities, such as providing shared services. • Union Electric Company, doing business as Ameren Missouri, operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri. • Ameren Illinois Company, doing business as Ameren Illinois, operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois. • ATXI operates a FERC rate-regulated electric transmission business in the MISO. |
Consolidation | Ameren’s financial statements are prepared on a consolidated basis and therefore include the accounts of its majority-owned subsidiaries. All intercompany transactions have been eliminated. Ameren Missouri and Ameren Illinois have no subsidiaries. All tabular dollar amounts are in millions, unless otherwise indicated. Our accounting policies conform to GAAP. Our financial statements reflect all adjustments (which include normal, recurring adjustments) that are necessary, in our opinion, for a fair statement of our results. The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions. Such estimates and assumptions affect reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the dates of financial statements, and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates. The results of operations of an interim period may not give a true indication of results that may be expected for a full year. These financial statements should be read in conjunction with the financial statements and accompanying notes included in the Form 10-K. |
Consolidation, Variable Interest Entity, Policy | Variable Interest Entities As of March 31, 2020 , Ameren and Ameren Missouri had interests in unconsolidated variable interest entities that were established to construct wind generation facilities and, ultimately, sell those constructed facilities to Ameren Missouri. Neither Ameren nor Ameren Missouri are the primary beneficiary of these variable interest entities because neither has the power to direct matters that most significantly affect the entities' activities, which include designing, financing, and constructing the wind generation facilities. As a result, these variable interest entities have not been consolidated. As of March 31, 2020 , the maximum exposure to loss related to these variable interest entities was approximately $15 million , which primarily represents due diligence and legal costs incurred by Ameren Missouri associated with the acquisitions. The risk of a loss was assessed to be remote and, accordingly, Ameren and Ameren Missouri have not recognized a liability associated with any portion of the maximum exposure to loss. See Note 2 – Rate and Regulatory Matters for additional information on the agreements to acquire these wind generation facilities. As of March 31, 2020 , and December 31, 2019 , Ameren had unconsolidated variable interests as a limited partner in various equity method investments, totaling $31 million and $28 million , respectively, included in “Other assets” on Ameren’s consolidated balance sheet. Ameren is not the primary beneficiary of these investments because it does not have the power to direct matters that most significantly affect the activities of these variable interest entities. As of March 31, 2020 , the maximum exposure to loss related to these variable interests is limited to the investment in these partnerships of $31 million plus associated outstanding funding commitments of $34 million . |
Company-owned Life Insurance | Company-owned Life Insurance Ameren and Ameren Illinois have company-owned life insurance, which is recorded at the net cash surrender value. The net cash surrender value is the amount that can be realized under the insurance policies at the balance sheet date. As of March 31, 2020 , the cash surrender value of company-owned life insurance at Ameren and Ameren Illinois was $245 million ( December 31, 2019 – $264 million ) and $118 million ( December 31, 2019 – $123 million ), respectively, while total borrowings against the policies were $109 million ( December 31, 2019 – $114 million ) at both Ameren and Ameren Illinois. Ameren and Ameren Illinois have the right to offset the borrowings against the cash surrender value of the policies and, consequently, present the net asset in “Other assets” on their respective balance sheets. The cash surrender value decreased during the three months ended March 31, 2020 , primarily because of a decrease in the market value of underlying investments. |
Accounting and Reporting Developments | Accounting and Reporting Developments See Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of the Form 10-K for additional information about recently issued authoritative accounting guidance relating to defined benefit plan disclosures. Measurement of Credit Losses on Financial Instruments On January 1, 2020, the Ameren Companies adopted authoritative accounting guidance that requires credit losses on most financial assets carried at amortized cost and off-balance sheet credit exposures, such as financial guarantees or loan commitments, to be measured using a current expected credit loss (CECL) model. The guidance requires an entity to measure expected credit losses using relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. In addition, the guidance made certain changes to the impairment model applicable to available-for-sale debt securities, such as requiring credit losses to be presented as an allowance rather than a write-down on impaired debt securities for which there is neither an intent nor a more-likely-than-not requirement to sell. Our adoption of this guidance did not have a material impact on the Ameren Companies’ financial statements and did not result in a cumulative effect adjustment to retained earnings as of the adoption date. See Note 13 – Supplemental Information for additional information regarding credit losses on accounts receivable. |
Derivatives, Policy | We use derivatives to manage the risk of changes in market prices for natural gas, power and uranium, as well as the risk of changes in rail transportation surcharges through fuel oil hedges. Such price fluctuations may cause the following: • an unrealized appreciation or depreciation of our contracted commitments to purchase or sell when purchase or sale prices under the commitments are compared with current commodity prices; • market values of natural gas and uranium inventories that differ from the cost of those commodities in inventory; • actual cash outlays for the purchase of these commodities that differ from anticipated cash outlays; and • actual off-system sales revenues that differ from anticipated revenues The derivatives that we use to hedge these risks are governed by our risk management policies for forward contracts, futures, options, and swaps. Our net positions are continually assessed within our structured hedging programs to determine whether new or offsetting transactions are required. The goal of the hedging program is generally to mitigate financial risks while ensuring that sufficient volumes are available to meet our requirements. Contracts we enter into as part of our risk management program may be settled financially, settled by physical delivery, or net settled with the counterparty. |
Deferred Compensation | Deferred Compensation As of March 31, 2020 , and December 31, 2019 , “Other current liabilities” and “Other deferred credits and liabilities” on Ameren’s balance sheet included deferred compensation obligations of $85 million and $86 million , respectively, recorded at the present value of future benefits to be paid. |
Revenue from Contract with Customer | Operating Revenues As of March 31, 2020 and 2019 , our remaining performance obligations for contracts with a term greater than one year were immaterial. The Ameren Companies elected not to disclose the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied as of the end of the reporting period for contracts with an initial expected term of one year or less. See Note 14 – Segment Information for disaggregated revenue information. |
Excise Taxes | Excise Taxes |
Short-Term Debt and Liquidity (
Short-Term Debt and Liquidity (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Debt Disclosure [Abstract] | |
Schedule of Short-term Debt | The following table presents the credit facility borrowings and commercial paper outstanding, net of issuance discounts, as of March 31, 2020 , and December 31, 2019 : March 31, 2020 December 31, 2019 Credit Facility Borrowings Commercial Paper Total Short-term Debt Credit Facility Borrowings Commercial Paper Total Short-term Debt Ameren (parent) $ 275 $ 150 $ 425 $ — $ 153 $ 153 Ameren Missouri 130 — 130 — 234 234 Ameren Illinois 60 — 60 — 53 53 Ameren consolidated $ 465 $ 150 $ 615 $ — $ 440 $ 440 The following table summarizes the borrowing activity and relevant interest rates under the Credit Agreements for the three months ended March 31, 2020 . There were no borrowings under the Credit Agreements for the three months ended March 31, 2019 . Ameren (parent) Ameren Missouri Ameren Illinois Total Missouri Credit Agreement Average daily credit facility borrowings outstanding during the period $ 1 $ 12 $ — $ 13 Weighted-average interest rate 2.06 % 2.36 % — % 2.33 % Peak credit facility borrowings during the period (a) $ 100 $ 130 $ — $ 230 Peak interest rate 2.06 % 3.33 % — % 3.33 % Illinois Credit Agreement Average daily credit facility borrowings outstanding during the period $ 2 $ — $ 5 $ 7 Weighted-average interest rate 2.06 % — % 2.05 % 2.06 % Peak credit facility borrowings during the period (a) $ 175 $ — $ 60 $ 235 Peak interest rate 2.06 % — % 2.05 % 2.06 % (a) The timing of peak credit facility borrowings varies by company. Therefore, the sum of individual company peak amounts may not equal the Ameren consolidated peak credit facility borrowings for the period. Commercial Paper The following table summarizes the borrowing activity and relevant interest rates under Ameren (parent)’s, Ameren Missouri’s, and Ameren Illinois’ commercial paper programs for the three months ended March 31, 2020 and 2019: Ameren (parent) Ameren Missouri Ameren Illinois Ameren Consolidated 2020 Average daily commercial paper outstanding at par value $ 154 $ 383 $ 71 $ 608 Weighted-average interest rate 1.94 % 1.84 % 1.99 % 1.88 % Peak commercial paper during period at par value (a) $ 225 $ 521 $ 137 $ 854 Peak interest rate 3.30 % 5.05 % (b) 3.40 % 5.05 % (b) 2019 Average daily commercial paper outstanding at par value $ 480 $ 246 $ 89 $ 815 Weighted-average interest rate 2.87 % 2.84 % 2.76 % 2.85 % Peak commercial paper during period at par value (a) $ 618 $ 549 $ 130 $ 1,113 Peak interest rate 3.10 % 2.97 % 2.90 % 3.10 % (a) The timing of peak outstanding commercial paper issuances varies by company. Therefore, the sum of individual company peak amounts may not equal the Ameren consolidated peak commercial paper issuances for the period. |
Other Income and Expenses (Tabl
Other Income and Expenses (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Other Nonoperating Income (Expense) [Abstract] | |
Other Income And Expenses | The following table presents the components of “Other Income, Net” in the Ameren Companies’ statements of income for the three months ended March 31, 2020 and 2019 : Three Months 2020 2019 Ameren: Allowance for equity funds used during construction $ 4 $ 6 Interest income on industrial development revenue bonds 6 6 Other interest income 1 2 Non-service cost components of net periodic benefit income (a) 23 22 Miscellaneous income 2 2 Donations (13 ) (b) (6 ) Miscellaneous expense (2 ) (3 ) Total Other Income, Net $ 21 $ 29 Ameren Missouri: Allowance for equity funds used during construction $ 2 $ 4 Interest income on industrial development revenue bonds 6 6 Non-service cost components of net periodic benefit income (a) 5 4 Miscellaneous income 1 1 Donations (8 ) (b) (2 ) Miscellaneous expense (2 ) (1 ) Total Other Income, Net $ 4 $ 12 Ameren Illinois: Allowance for equity funds used during construction $ 2 $ 2 Interest income 1 2 Non-service cost components of net periodic benefit income 13 12 Miscellaneous income 1 1 Donations (4 ) (4 ) Miscellaneous expense (2 ) (2 ) Total Other Income, Net $ 11 $ 11 (a) For the three months ended March 31, 2020 and 2019 , the non-service cost components of net periodic benefit income were partially offset by a deferral of $6 million and $7 million , respectively, due to a regulatory tracking mechanism for the difference between the level of such costs incurred by Ameren Missouri under GAAP and the level of such costs included in rates. (b) Includes $8 million pursuant to Ameren Missouri’s March 2020 electric rate order. See Note 2 – Rate and Regulatory Matters for additional information. |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Open Gross Derivative Volumes By Commodity Type | The following table presents open gross commodity contract volumes by commodity type for derivative assets and liabilities as of March 31, 2020 , and December 31, 2019 . As of March 31, 2020 , these contracts extended through October 2023, March 2024, May 2032 and March 2023 for fuel oils, natural gas, power and uranium, respectively. Quantity (in millions, except as indicated) 2020 2019 Commodity Ameren Missouri Ameren Illinois Ameren Ameren Missouri Ameren Illinois Ameren Fuel oils (in gallons) 62 — 62 58 — 58 Natural gas (in mmbtu) 20 147 167 20 136 156 Power (in megawatthours) 5 7 12 5 7 12 Uranium (pounds in thousands) 365 — 365 565 — 565 |
Derivative Instruments Carrying Value | The following table presents the carrying value and balance sheet location of all derivative commodity contracts, none of which were designated as hedging instruments, as of March 31, 2020 , and December 31, 2019 : March 31, 2020 December 31, 2019 Balance Sheet Location Ameren Missouri Ameren Illinois Ameren Ameren Missouri Ameren Illinois Ameren Fuel oils Other current assets $ 3 $ — $ 3 $ 4 $ — $ 4 Other assets 1 — 1 2 — 2 Natural gas Other current assets — 2 2 — 3 3 Other assets — 2 2 — 1 1 Power Other current assets 18 — 18 14 — 14 Other assets 4 — 4 2 — 2 Total assets $ 26 $ 4 $ 30 $ 22 $ 4 $ 26 Fuel oils Other current liabilities $ 19 $ — $ 19 $ 4 $ — $ 4 Other deferred credits and liabilities 12 — 12 3 — 3 Natural gas Other current liabilities 3 17 20 1 12 13 Other deferred credits and liabilities — 5 5 1 6 7 Power Other current liabilities 2 18 20 2 17 19 Other deferred credits and liabilities 1 223 224 1 207 208 Uranium Other deferred credits and liabilities 1 — 1 1 — 1 Total liabilities $ 38 $ 263 $ 301 $ 13 $ 242 $ 255 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Fair Value Disclosures [Abstract] | |
Schedule Of Fair Value Hierarchy Of Assets And Liabilities Measured At Fair Value On Recurring Basis | The following table sets forth, by level within the fair value hierarchy, our assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 , and December 31, 2019 : March 31, 2020 December 31, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Ameren Missouri Derivative assets – commodity contracts: Fuel oils $ — $ — $ 4 $ 4 $ — $ — $ 6 $ 6 Power 4 — 18 22 — 2 14 16 Total derivative assets – commodity contracts $ 4 $ — $ 22 $ 26 $ — $ 2 $ 20 $ 22 Nuclear decommissioning trust fund: Equity securities: U.S. large capitalization $ 457 $ — $ — $ 457 $ 569 $ — $ — $ 569 Debt securities: U.S. Treasury and agency securities — 105 — 105 — 107 — 107 Corporate bonds — 96 — 96 — 93 — 93 Other — 68 — 68 — 73 — 73 Total nuclear decommissioning trust fund $ 457 $ 269 $ — $ 726 (a) $ 569 $ 273 $ — $ 842 (a) Total Ameren Missouri $ 461 $ 269 $ 22 $ 752 $ 569 $ 275 $ 20 $ 864 Ameren Illinois Derivative assets – commodity contracts: Natural gas $ — $ 1 $ 3 $ 4 $ — $ 1 $ 3 $ 4 March 31, 2020 December 31, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Ameren Derivative assets – commodity contracts (b) $ 4 $ 1 $ 25 $ 30 $ — $ 3 $ 23 $ 26 Nuclear decommissioning trust fund (c) 457 269 — 726 (a) 569 273 — 842 (a) Total Ameren $ 461 $ 270 $ 25 $ 756 $ 569 $ 276 $ 23 $ 868 Liabilities: Ameren Missouri Derivative liabilities – commodity contracts: Fuel oils $ 18 $ — $ 13 $ 31 $ 1 $ — $ 6 $ 7 Natural gas — 3 — 3 — 2 — 2 Power 2 — 1 3 — 2 1 3 Uranium — — 1 1 — — 1 1 Total Ameren Missouri $ 20 $ 3 $ 15 $ 38 $ 1 $ 4 $ 8 $ 13 Ameren Illinois Derivative liabilities – commodity contracts: Natural gas $ 2 $ 15 $ 5 $ 22 $ 3 $ 12 $ 3 $ 18 Power — — 241 241 — — 224 224 Total Ameren Illinois $ 2 $ 15 $ 246 $ 263 $ 3 $ 12 $ 227 $ 242 Ameren Derivative liabilities – commodity contracts (b) $ 22 $ 18 $ 261 $ 301 $ 4 $ 16 $ 235 $ 255 (a) Balance excludes $16 million and $5 million of cash and cash equivalents, receivables, payables, and accrued income, net, for March 31, 2020 , and December 31, 2019 , respectively. (b) See the Ameren Missouri and Ameren Illinois sections of the table for a breakout of the fair value of Ameren’s derivative assets and liabilities by type of commodity. (c) See the Ameren Missouri section of the table for a breakout of the fair value of Ameren's nuclear decommissioning trust fund by investment type. |
Schedule Of Changes In The Fair Value Of Financial Assets And Liabilities Classified As Level Three In The Fair Value Hierarchy | The following table presents the fair value reconciliation of Level 3 power derivative contract assets and liabilities measured at fair value on a recurring basis for the three months ended March 31, 2020 and 2019 : 2020 2019 Ameren Missouri Ameren Illinois Ameren Ameren Missouri Ameren Illinois Ameren For the three months ended March 31: Beginning balance at January 1 $ 13 $ (224 ) $ (211 ) $ — $ (183 ) $ (183 ) Realized and unrealized gains/(losses) included in regulatory assets/liabilities 11 (21 ) (10 ) — (4 ) (4 ) Settlements (7 ) 4 (3 ) — 3 3 Ending balance at March 31 $ 17 $ (241 ) $ (224 ) $ — $ (184 ) $ (184 ) Change in unrealized gains/(losses) related to assets/liabilities held at March 31 $ 10 $ (21 ) $ (11 ) $ — $ (4 ) $ (4 ) |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques | The following table describes the valuation techniques and significant unobservable inputs utilized for the fair value of our Level 3 power derivative contract assets and liabilities as of March 31, 2020 , and December 31, 2019 : Fair Value Weighted Average (b) Commodity Assets Liabilities Valuation Technique(s) Unobservable Input (a) Range 2020 Power (c) $ 18 $ (242) Discounted cash flow Average forward peak and off-peak pricing – forwards/swaps ($/MWh) 16 – 33 25 Nodal basis ($/MWh) (6) – 0 (2) Trend rate (%) 2 – 3 2 2019 Power (d) $ 14 $ (225) Discounted cash flow Average forward peak and off-peak pricing – forwards/swaps ($/MWh) 22 – 34 25 Nodal basis ($/MWh) (6) – 0 (2) Trend rate (%) (1) – 0 0 (a) Generally, significant increases (decreases) in these inputs in isolation would result in a significantly higher (lower) fair value measurement. (b) Unobservable inputs were weighted by relative fair value (c) Valuations through 2029 use visible forward prices adjusted for nodal-to-hub basis differentials. Valuations beyond 2029 use a trend rate factor and are similarly adjusted for nodal-to-hub basis differentials. (d) Valuations through 2028 use visible forward prices adjusted for nodal-to-hub basis differentials. Valuations beyond 2028 use a trend rate factor and are similarly adjusted for nodal-to-hub basis differentials. |
Schedule of Financial Assets and Liabilities | The following table sets forth, by level within the fair value hierarchy, the carrying amount and fair value of financial assets and liabilities disclosed, but not recorded, at fair value as of March 31, 2020 , and December 31, 2019 : March 31, 2020 Carrying Amount Fair Value Level 1 Level 2 Level 3 Total Ameren: Cash, cash equivalents, and restricted cash $ 203 $ 203 $ — $ — $ 203 Investments in industrial development revenue bonds (a) 263 — 263 — 263 Short-term debt 615 — 615 — 615 Long-term debt (including current portion) (a) 9,735 (b) — 10,189 449 (c) 10,638 Ameren Missouri: Cash, cash equivalents, and restricted cash $ 24 $ 24 $ — $ — $ 24 Investments in industrial development revenue bonds (a) 263 — 263 — 263 Short-term debt 130 — 130 — 130 Long-term debt (including current portion) (a) 4,567 (b) — 5,098 — 5,098 Ameren Illinois: Cash, cash equivalents, and restricted cash $ 140 $ 140 $ — $ — $ 140 Short-term debt 60 — 60 — 60 Long-term debt (including current portion) 3,575 (b) — 3,945 — 3,945 December 31, 2019 Ameren: Cash, cash equivalents, and restricted cash $ 176 $ 176 $ — $ — $ 176 Investments in industrial development revenue bonds (a) 263 — 263 — 263 Short-term debt 440 — 440 — 440 Long-term debt (including current portion) (a) 9,357 (b) — 9,957 484 (c) 10,441 Ameren Missouri: Cash, cash equivalents, and restricted cash $ 39 $ 39 $ — $ — $ 39 Investments in industrial development revenue bonds (a) 263 — 263 — 263 Short-term debt 234 — 234 — 234 Long-term debt (including current portion) (a) 4,190 (b) — 4,772 — 4,772 Ameren Illinois: Cash, cash equivalents, and restricted cash $ 125 $ 125 $ — $ — $ 125 Short-term debt 53 — 53 — 53 Long-term debt (including current portion) 3,575 (b) — 4,019 — 4,019 (a) Ameren and Ameren Missouri have investments in industrial development revenue bonds, classified as held-to-maturity and recorded in “Other Assets,” that are equal to the finance obligations for the Peno Creek and Audrain CT energy centers. As of March 31, 2020 , and December 31, 2019 , the carrying amount of both the investments in industrial development revenue bonds and the finance obligations approximated fair value. (b) Included unamortized debt issuance costs, which were excluded from the fair value measurement, of $73 million , $32 million , and $34 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of March 31, 2020 . Included unamortized debt issuance costs, which were excluded from the fair value measurement, of $72 million , $30 million , and $34 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of December 31, 2019 . (c) The Level 3 fair value amount consists of ATXI’s senior unsecured notes. |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Related Party Transactions [Abstract] | |
Schedule of Affiliate Receivables and Payables | The following table presents the affiliate balances related to income taxes for Ameren Missouri and Ameren Illinois as of March 31, 2020 , and December 31, 2019 : March 31, 2020 December 31, 2019 Ameren Missouri Ameren Illinois Ameren Missouri Ameren Illinois Income taxes payable to parent (a) $ 12 $ 48 $ 15 $ 43 Income taxes receivable from parent (b) 16 1 15 17 (a) Included in “Accounts payable – affiliates” on the balance sheet. (b) Included in “Accounts receivable – affiliates” on the balance sheet. |
Schedule of Related Party Transactions | The following table presents the effect on Ameren Missouri and Ameren Illinois of related-party transactions for the three months ended March 31, 2020 and 2019 : Three Months Agreement Income Statement Line Item Ameren Ameren Ameren Missouri power supply Operating Revenues 2020 $ 3 $ (a) agreements with Ameren Illinois 2019 (b) (a) Ameren Missouri and Ameren Illinois Operating Revenues 2020 $ 7 $ 1 rent and facility services 2019 7 1 Ameren Missouri and Ameren Illinois Operating Revenues 2020 $ (b) $ (b) miscellaneous support services 2019 (b) (b) Total Operating Revenues 2020 $ 10 $ 1 2019 7 1 Ameren Illinois power supply Purchased Power 2020 $ (a) $ 3 agreements with Ameren Missouri 2019 (a) (b) Ameren Illinois transmission Purchased Power 2020 $ (a) $ (b) services with ATXI 2019 (a) (b) Total Purchased Power 2020 $ (a) $ 3 2019 (a) (b) Ameren Missouri and Ameren Illinois Other Operations and Maintenance 2020 $ (b) $ 1 rent and facility services 2019 (b) 1 Ameren Services support services Other Operations and Maintenance 2020 $ 35 $ 33 agreement 2019 32 30 Total Other Operations and 2020 $ 35 $ 34 Maintenance 2019 32 31 Money pool borrowings (advances) (Interest Charges)/Other Income, Net 2020 $ (b) $ (b) 2019 — — (a) Not applicable. (b) Amount less than $1 million. |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Long-term Purchase Commitment | The table below presents our estimated minimum fuel, purchased power, and other commitments at March 31, 2020 . Ameren’s and Ameren Illinois’ purchased power commitments include the Ameren Illinois agreements entered into as part of the IPA-administered power procurement process. Included in the Other column are minimum purchase commitments under contracts for equipment, design and construction, and meter reading services, among other agreements, at March 31, 2020 . Coal Natural Gas (a) Nuclear Fuel Purchased Power (b)(c) Methane Gas Other Total Ameren: 2020 $ 242 $ 150 $ 35 $ 85 (d) $ 2 $ 55 $ 569 2021 219 129 57 51 3 40 499 2022 185 69 11 13 3 24 305 2023 105 39 44 3 3 24 218 2024 94 13 15 — 3 23 148 Thereafter 55 43 16 — 24 59 197 Total $ 900 $ 443 $ 178 $ 152 $ 38 $ 225 $ 1,936 Ameren Missouri: 2020 $ 242 $ 32 $ 35 $ — $ 2 $ 43 $ 354 2021 219 26 57 — 3 31 336 2022 185 15 11 — 3 23 237 2023 105 13 44 — 3 24 189 2024 94 6 15 — 3 23 141 Thereafter 55 19 16 — 24 26 140 Total $ 900 $ 111 $ 178 $ — $ 38 $ 170 $ 1,397 Ameren Illinois: 2020 $ — $ 118 $ — $ 85 (d) $ — $ 5 $ 208 2021 — 103 — 51 — 4 158 2022 — 54 — 13 — — 67 2023 — 26 — 3 — — 29 2024 — 7 — — — — 7 Thereafter — 24 — — — — 24 Total $ — $ 332 $ — $ 152 $ — $ 9 $ 493 (a) Includes amounts for generation and for distribution. (b) The purchased power amounts for Ameren and Ameren Illinois exclude agreements for renewable energy credits through 2035 with various renewable energy suppliers due to the contingent nature of the payment amounts, with the exception of expected payments of $15 million through 2024. (c) The purchased power amounts for Ameren and Ameren Missouri exclude a 102 -megawatt power purchase agreement with a wind farm operator, which expires in 2024, due to the contingent nature of the payment amounts. (d) In January 2018, as required by the FEJA, Ameren Illinois entered into agreements to acquire zero emission credits, through 2026. Annual zero emission credit commitment amounts will be published by the IPA each May prior to the start of the subsequent planning year. The amounts above reflect Ameren Illinois’ commitment to acquire approximately $11 million of zero emission credits through May 2020. In April 2020, Ameren Illinois conducted procurement events, administered by the IPA, to purchase energy products and capacity through May 2023. In the April 2020 procurement events, Ameren Illinois contracted to purchase 3,550,800 megawatthours of energy products for $92 million from June 2020 through May 2023 and 617 megawatts of capacity for $4 million from June 2021 through May 2023. See Note 8 – Related-party Transactions for additional information regarding the capacity agreement between Ameren Missouri and Ameren Illinois as a result of the April 2020 capacity procurement event. |
Callaway Energy Center (Tables)
Callaway Energy Center (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Nuclear Waste Matters [Abstract] | |
Schedule of Insurance Coverage at Callaway Energy Center | The following table presents insurance coverage at Ameren Missouri’s Callaway Energy Center at April 1, 2020 : Type and Source of Coverage Most Recent Maximum Coverages Maximum Assessments for Single Incidents Public liability and nuclear worker liability: American Nuclear Insurers January 1, 2020 $ 450 $ — Pool participation (a) 13,348 (a) 138 (b) $ 13,798 (c) $ 138 Property damage: NEIL and EMANI April 1, 2020 $ 3,200 (d) $ 25 (e) Replacement power: NEIL April 1, 2020 $ 490 (f) $ 7 (e) (a) Provided through mandatory participation in an industrywide retrospective premium assessment program. The maximum coverage available is dependent on the number of United States commercial reactors participating in the program. (b) Retrospective premium under the Price-Anderson Act. This is subject to retrospective assessment with respect to a covered loss in excess of $450 million in the event of an incident at any licensed United States commercial reactor, payable at $21 million per year. (c) Limit of liability for each incident under the Price-Anderson liability provisions of the Atomic Energy Act of 1954, as amended. This limit is subject to change to account for the effects of inflation and changes in the number of licensed power reactors. (d) NEIL provides $2.7 billion in property damage, stabilization, decontamination, and premature decommissioning insurance for radiation events and $2.3 billion in property damage insurance for nonradiation events. EMANI provides $490 million in property damage insurance for both radiation and nonradiation events. (e) All NEIL-insured plants could be subject to assessments should losses exceed the accumulated funds from NEIL. (f) Provides replacement power cost insurance in the event of a prolonged accidental outage. Weekly indemnity up to $4.5 million for 52 weeks, which commences after the first 12 weeks of an outage, plus up to $3.6 million per week for a minimum of 71 weeks thereafter for a total not exceeding the policy limit of $490 million . Nonradiation events are limited to $328 million . |
Retirement Benefits (Tables)
Retirement Benefits (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Defined Benefit Plan [Abstract] | |
Components Of Net Periodic Benefit Cost | The following table presents the components of the net periodic benefit cost (income) incurred for Ameren’s pension and postretirement benefit plans for the three months ended March 31, 2020 and 2019 : Pension Benefits Postretirement Benefits Three Months Three Months 2020 2019 2020 2019 Service cost (a) $ 27 $ 22 $ 4 $ 4 Non-service cost components: Interest cost 43 47 10 11 Expected return on plan assets (73 ) (69 ) (20 ) (19 ) Amortization of: Prior service benefit — — (1 ) (1 ) Actuarial loss (gain) 14 6 (2 ) (4 ) Total non-service cost components (b) $ (16 ) $ (16 ) $ (13 ) $ (13 ) Net periodic benefit cost (income) $ 11 $ 6 $ (9 ) $ (9 ) (a) Service cost, net of capitalization, is reflected in “Operating Expenses – Other operations and maintenance” on Ameren’s statement of income. (b) Non-service cost components are reflected in “Other Income, Net” on Ameren’s statement of income. See Note 5 – Other Income, Net for additional information. |
Summary Of Benefit Plan Costs Incurred | Ameren Missouri and Ameren Illinois are responsible for their respective shares of Ameren’s pension and postretirement costs. The following table presents the respective share of net periodic pension and other postretirement benefit costs (income) incurred for the three months ended March 31, 2020 and 2019 : Pension Benefits Postretirement Benefits Three Months Three Months 2020 2019 2020 2019 Ameren Missouri (a) $ 4 $ 1 $ (1 ) $ (2 ) Ameren Illinois 7 5 (8 ) (7 ) Ameren (a) $ 11 $ 6 $ (9 ) $ (9 ) (a) Does not include the impact of the regulatory tracking mechanism for the difference between the level of pension and postretirement benefit costs incurred by Ameren Missouri under GAAP and the level of such costs included in rates. |
Income Taxes Income Taxes (Tabl
Income Taxes Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Income Tax Disclosure [Abstract] | |
Schedule of Effective Income Tax Rate Reconciliation | The following table presents a reconciliation of the federal statutory corporate income tax rate to the effective income tax rate for the three months ended March 31, 2020 and 2019 : Ameren Ameren Missouri Ameren Illinois 2020 2019 2020 2019 2020 2019 Three Months Federal statutory corporate income tax rate: 21% 21% 21% 21% 21% 21% Increases (decreases) from: Amortization of excess deferred taxes (9) (7) (15) (12) (3) (3) Depreciation differences (1) — — — (1) — Amortization of deferred investment tax credit — (1) (1) (1) — — State tax 6 6 3 4 7 7 Stock-based compensation (5) (7) — — — — Other permanent items — — — (3) — — Effective income tax rate 12% 12% 8% 9% 24% 25% |
Supplemental Information (Table
Supplemental Information (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Supplemental Information [Abstract] | |
Schedule of Cash and Cash Equivalents Including Restricted Cash | The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets and the statements of cash flows as of March 31, 2020 , and December 31, 2019 : March 31, 2020 December 31, 2019 Ameren Ameren Ameren Ameren Ameren Ameren Cash and cash equivalents $ 42 $ 3 $ 6 $ 16 $ 9 $ — Restricted cash included in “Other current assets” 16 4 6 14 4 5 Restricted cash included in “Other assets” 128 — 128 120 — 120 Restricted cash included in “Nuclear decommissioning trust fund” 17 17 — 26 26 — Total cash, cash equivalents, and restricted cash $ 203 $ 24 $ 140 $ 176 $ 39 $ 125 |
Schedule of Accounts, Notes, Loans and Financing Receivable | The following table provides a reconciliation of the beginning and ending amount of the allowance for doubtful accounts for the three months ended March 31, 2020 and 2019 : 2020 2019 Ameren Ameren Ameren (a) Ameren Ameren Ameren (a) Balance at January 1 $ 17 $ 7 $ 10 $ 18 $ 7 $ 11 Bad debt expense 3 2 1 3 1 2 Net write-offs (1 ) (1 ) — (2 ) (1 ) (1 ) Balance at March 31 $ 19 $ 8 $ 11 $ 19 $ 7 $ 12 (a) Ameren Illinois has a rate-adjustment mechanism that allows it to recover the difference between its actual net bad debt write-offs under GAAP and the amount of net bad debt write-offs included in its base rates. |
Schedule of Cash Flow, Supplemental Disclosures | Supplemental Cash Flow Information The following table provides noncash financing and investing activity excluded from the statements of cash flows for the three months ended March 31, 2020 and 2019 : March 31, 2020 March 31, 2019 Ameren Ameren Missouri Ameren Illinois Ameren Ameren Missouri Ameren Illinois Investing Accrued capital expenditures $ 235 $ 97 $ 127 $ 208 $ 92 $ 106 Accrued nuclear fuel expenditures 7 7 — — — — Net realized and unrealized gain (loss) – nuclear decommissioning trust fund (111 ) (111 ) — 64 64 — Financing Issuance of common stock for stock-based compensation $ 38 $ — $ — $ 54 $ — $ — |
Asset Retirement Obligation Disclosure | The following table provides a reconciliation of the beginning and ending carrying amount of AROs for the three months ended March 31, 2020 : Ameren Missouri Ameren Illinois Ameren Balance at December 31, 2019 $ 687 (a) $ 4 (b) $ 691 (a) Liabilities settled (14 ) — (14 ) Accretion 7 (c) — 7 (c) Balance at March 31, 2020 $ 680 (a) $ 4 (b) $ 684 (a) (a) Balance included $53 million in “Other current liabilities” on the balance sheet as of both December 31, 2019 , and March 31, 2020 . (b) Included in “Other deferred credits and liabilities” on the balance sheet. (c) Accretion expense attributable to Ameren Missouri was recorded as a decrease to regulatory liabilities. |
Schedule of excise taxes | The following table presents the excise taxes recorded on a gross basis in “Operating Revenues – Electric,” “Operating Revenues – Natural gas” and “Operating Expenses – Taxes other than income taxes” on the statements of income for the three months ended March 31, 2020 and 2019 : Three Months 2020 2019 Ameren Missouri $ 30 $ 31 Ameren Illinois 35 39 Ameren $ 65 $ 70 |
Schedule of Earnings Per Share, Basic and Diluted | The following table reconciles the basic weighted-average number of common shares outstanding to the diluted weighted-average number of common shares outstanding for the three months ended March 31, 2020 and 2019 : Three Months 2020 2019 Weighted-average Common Shares Outstanding – Basic 246.4 244.9 Assumed settlement of performance share units and restricted stock units 1.1 1.5 Dilutive effect of forward sale agreement 0.6 — Weighted-average Common Shares Outstanding – Diluted (a) 248.1 246.4 (a) There were no potentially dilutive securities excluded from the earnings per diluted share calculations for the three months ended March 31, 2020 and 2019 . |
Segment Information (Tables)
Segment Information (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Segment Reporting [Abstract] | |
Schedule Of Segment Reporting Information By Segment | The following tables present revenues, net income (loss) attributable to common shareholders, and capital expenditures by segment at Ameren and Ameren Illinois for the three months ended March 31, 2020 and 2019 . Ameren, Ameren Missouri, and Ameren Illinois management review segment capital expenditure information rather than any individual or total asset amount. For additional information about our segments, see Note 16 – Segment Information under Part II, Item 8, of the Form 10-K Ameren Ameren Missouri Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Transmission Other Intersegment Eliminations Ameren Three Months 2020: External revenues $ 670 $ 389 $ 271 $ 110 $ — $ — $ 1,440 Intersegment revenues 10 1 — 13 — (24 ) — Net income (loss) attributable to Ameren common shareholders (10 ) 37 55 47 (a) 17 — 146 Capital expenditures 278 123 61 170 3 1 636 Three Months 2019: External revenues $ 751 $ 386 $ 320 $ 99 $ — $ — $ 1,556 Intersegment revenues 7 1 — 15 — (23 ) — Net income attributable to Ameren common shareholders 39 36 57 44 (a) 15 — 191 Capital expenditures 240 124 51 121 10 (2 ) 544 (a) Ameren Transmission earnings reflect an allocation of financing costs from Ameren (parent). Ameren Illinois Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Illinois Transmission Intersegment Eliminations Ameren Illinois Three Months 2020: External revenues $ 390 $ 271 $ 62 $ — $ 723 Intersegment revenues — — 12 (a) (12 ) — Net income available to common shareholder 37 55 28 — 120 Capital expenditures 123 61 140 — 324 Three Months 2019: External revenues $ 387 $ 320 $ 55 $ — $ 762 Intersegment revenues — — 15 (a) (15 ) — Net income available to common shareholder 36 57 27 — 120 Capital expenditures 124 51 92 — 267 (a) Ameren Illinois Transmission earns revenue from transmission service provided to Ameren Illinois Electric Distribution. |
Disaggregation of Revenue | The following tables present disaggregated revenues by segment at Ameren and Ameren Illinois for the three months ended March 31, 2020 and 2019 . Economic factors affect the nature, timing, amount, and uncertainty of revenues and cash flows in a similar manner across customer classes. Revenues from alternative revenue programs have a similar distribution among customer classes as revenues from contracts with customers. Other revenues not associated with contracts with customers are presented in the Other customer classification, along with electric transmission and off-system revenues. Ameren Ameren Missouri Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Transmission Intersegment Eliminations Ameren Three Months 2020: Residential $ 297 $ 220 $ — $ — $ — $ 517 Commercial 221 126 — — — 347 Industrial 53 35 — — — 88 Other 60 9 — 123 (24 ) 168 Total electric revenues $ 631 $ 390 $ — $ 123 $ (24 ) $ 1,120 Residential $ 33 $ — $ 213 $ — $ — $ 246 Commercial 13 — 54 — — 67 Industrial 1 — 3 — — 4 Other 2 — 1 — — 3 Total natural gas revenues $ 49 $ — $ 271 $ — $ — $ 320 Total revenues (a) $ 680 $ 390 $ 271 $ 123 $ (24 ) $ 1,440 Three Months 2019: Residential $ 312 $ 217 $ — $ — $ — $ 529 Commercial 239 123 — — — 362 Industrial 55 34 — — — 89 Other 98 13 — 114 (23 ) 202 Total electric revenues $ 704 $ 387 $ — $ 114 $ (23 ) $ 1,182 Residential $ 38 $ — $ 246 $ — $ — $ 284 Commercial 16 — 65 — — 81 Industrial 2 — 4 — — 6 Other (2 ) — 5 — — 3 Total natural gas revenues $ 54 $ — $ 320 $ — $ — $ 374 Total revenues (a) $ 758 $ 387 $ 320 $ 114 $ (23 ) $ 1,556 (a) The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the three months ended March 31, 2020 and 2019 : Ameren Missouri Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Transmission Ameren Three Months 2020: Revenues from alternative revenue programs $ (3 ) $ 46 $ 11 $ 12 $ 66 Other revenues not from contracts with customers 8 1 1 — 10 Three Months 2019: Revenues from alternative revenue programs $ 15 $ 22 $ (3 ) $ (5 ) $ 29 Other revenues not from contracts with customers 5 3 1 — 9 Ameren Illinois Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Illinois Transmission Intersegment Eliminations Ameren Illinois Three Months 2020: Residential $ 220 $ 213 $ — $ — $ 433 Commercial 126 54 — — 180 Industrial 35 3 — — 38 Other 9 1 74 (12 ) 72 Total revenues (a) $ 390 $ 271 $ 74 $ (12 ) $ 723 Three Months 2019: Residential $ 217 $ 246 $ — $ — $ 463 Commercial 123 65 — — 188 Industrial 34 4 — — 38 Other 13 5 70 (15 ) 73 Total revenues (a) $ 387 $ 320 $ 70 $ (15 ) $ 762 (a) The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the Ameren Illinois segments for the three months ended March 31, 2020 and 2019 : Ameren Illinois Electric Distribution Ameren Illinois Natural Gas Ameren Illinois Transmission Ameren Illinois Three Months 2020: Revenues from alternative revenue programs $ 46 $ 11 $ 10 $ 67 Other revenues not from contracts with customers 1 1 — 2 Three Months 2019: Revenues from alternative revenue programs $ 22 $ (3 ) $ (5 ) $ 14 Other revenues not from contracts with customers 3 1 — 4 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 |
Basis Of Presentation And Significant Accounting Policies [Line Items] | ||
Unrecorded Unconditional Purchase Obligation | $ 1,936 | |
Cash Surrender Value of Life Insurance | 245 | $ 264 |
Corporate owned life insurance, borrowings | 109 | 114 |
Ameren Illinois Company | ||
Basis Of Presentation And Significant Accounting Policies [Line Items] | ||
Unrecorded Unconditional Purchase Obligation | 493 | |
Cash Surrender Value of Life Insurance | 118 | 123 |
Corporate owned life insurance, borrowings | 109 | 114 |
Variable Interest Entity, Not Primary Beneficiary | ||
Basis Of Presentation And Significant Accounting Policies [Line Items] | ||
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | 15 | |
Equity Method Investments | 31 | $ 28 |
Partnership Funding Commitment | ||
Basis Of Presentation And Significant Accounting Policies [Line Items] | ||
Unrecorded Unconditional Purchase Obligation | $ 34 |
Rate And Regulatory Matters (Na
Rate And Regulatory Matters (Narrative-Missouri) (Detail) $ in Millions | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2020USD ($)MWh | Mar. 31, 2019USD ($) | Dec. 31, 2019MWh | Dec. 31, 2018MWh | |
Rate And Regulatory Matters [Line Items] | ||||
Purchased Power | $ 134 | $ 156 | ||
Other operations and maintenance | 438 | 417 | ||
Income Taxes | 21 | 27 | ||
Donations | 13 | 6 | ||
Union Electric Company | ||||
Rate And Regulatory Matters [Line Items] | ||||
Purchased Power | 39 | 51 | ||
Other operations and maintenance | 239 | 224 | ||
Income Taxes | (1) | 4 | ||
Donations | 8 | 2 | ||
Final Rate Order | Electricity | Union Electric Company | ||||
Rate And Regulatory Matters [Line Items] | ||||
Public Utilities, Requested Rate Increase (Decrease), Amount | 32 | |||
Reduction to annualized base level of net energy costs | 115 | |||
Revenues | 20 | |||
Purchased Power | 15 | |||
Other operations and maintenance | 60 | |||
Income Taxes | 20 | |||
PISA deferrals | 70 | |||
Donations | $ 8 | |||
Wind Generation Facility | Union Electric Company | ||||
Rate And Regulatory Matters [Line Items] | ||||
Amount of Megawatts | MWh | 300 | 300 | 400 | |
Project Placed In-Service Amount | $ 100 | |||
Estimated Capital Project Costs | $ 1,200 | |||
MEEIA 2013 & 2016 | Final Rate Order | Electricity | Union Electric Company | ||||
Rate And Regulatory Matters [Line Items] | ||||
Revenues | $ 20 | |||
Minimum | Final Rate Order | Electricity | Union Electric Company | ||||
Rate And Regulatory Matters [Line Items] | ||||
Public Utilities, Requested Return on Equity, Percentage | 9.40% | |||
Maximum | Final Rate Order | Electricity | Union Electric Company | ||||
Rate And Regulatory Matters [Line Items] | ||||
Public Utilities, Requested Return on Equity, Percentage | 9.80% |
Rate And Regulatory Matters (_2
Rate And Regulatory Matters (Narrative-Illinois) (Detail) - Ameren Illinois Company - USD ($) $ in Millions | 1 Months Ended | 3 Months Ended | |
Feb. 29, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | |
Rate And Regulatory Matters [Line Items] | |||
Disconnection suspension extension period | 60 days | ||
Pending Rate Case | Natural Gas | |||
Rate And Regulatory Matters [Line Items] | |||
Public Utilities, Requested Rate Increase (Decrease), Amount | $ 102 | ||
Revenues | $ 46 | ||
Public Utilities, Requested Return on Equity, Percentage | 10.50% | ||
Public Utilities, Requested Equity Capital Structure, Percentage | 54.10% | ||
Rate Base | $ 2,100 | ||
Subsequent Event | Pending Rate Case | IEIMA | Electric Distribution | |||
Rate And Regulatory Matters [Line Items] | |||
Public Utilities, Requested Rate Increase (Decrease), Amount | $ 45 |
Rate And Regulatory Matters (_3
Rate And Regulatory Matters (Narrative-Federal) (Detail) - USD ($) $ in Millions | 1 Months Ended | 3 Months Ended | ||
Nov. 30, 2019 | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2019 | |
Rate And Regulatory Matters [Line Items] | ||||
Current regulatory liabilities | $ 189 | $ 164 | ||
Reduction to FERC allowed base return on common equity | 0.50% | |||
Incentive adder cap on FERC allowed return on equity | 2.50% | |||
Ameren Illinois Company | ||||
Rate And Regulatory Matters [Line Items] | ||||
Current regulatory liabilities | $ 90 | $ 84 | ||
Net Income (Loss) Attributable to Parent | 120 | $ 120 | ||
February 2015 FERC ROE Complaint Case | ||||
Rate And Regulatory Matters [Line Items] | ||||
Net Income (Loss) Attributable to Parent | 11 | |||
February 2015 FERC ROE Complaint Case | Ameren Illinois Company | ||||
Rate And Regulatory Matters [Line Items] | ||||
Net Income (Loss) Attributable to Parent | $ 6 | |||
Midwest Independent Transmission System Operator, Inc | ||||
Rate And Regulatory Matters [Line Items] | ||||
Public Utilities, Requested Return on Equity, Percentage | 12.38% | |||
Midwest Independent Transmission System Operator, Inc | Final Rate Order | ||||
Rate And Regulatory Matters [Line Items] | ||||
Public Utilities, Requested Return on Equity, Percentage | 9.88% | 10.32% | 9.88% | |
Customer Requested Rate on Equity | 9.15% | |||
Current regulatory liabilities | $ 40 | |||
Incentive adder to FERC allowed base return on common equity | 0.50% | |||
Midwest Independent Transmission System Operator, Inc | Final Rate Order | Ameren Illinois Company | ||||
Rate And Regulatory Matters [Line Items] | ||||
Current regulatory liabilities | $ 23 | |||
Midwest Independent Transmission System Operator, Inc | Notice of Proposed Rulemaking [Member] | ||||
Rate And Regulatory Matters [Line Items] | ||||
Incentive adder to FERC allowed base return on common equity | 1.00% | |||
Maximum | Midwest Independent Transmission System Operator, Inc | Final Rate Order | ||||
Rate And Regulatory Matters [Line Items] | ||||
Public Utilities, Requested Return on Equity, Percentage | 10.82% |
Short-Term Debt And Liquidity_2
Short-Term Debt And Liquidity (Narrative) (Detail) $ in Billions | 3 Months Ended | |
Mar. 31, 2020USD ($) | Mar. 31, 2019 | |
Credit Agreements | ||
Short-term Debt [Line Items] | ||
Net Liquidity Available | $ 1.7 | |
Actual debt-to-capital ratio | 0.55 | |
Utilities | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Weighted Average Interest Rate, over Time | 1.93% | 2.87% |
Union Electric Company | Missouri Credit Agreement | ||
Short-term Debt [Line Items] | ||
Actual debt-to-capital ratio | 0.51 | |
Ameren Illinois Company | Illinois Credit Agreement | ||
Short-term Debt [Line Items] | ||
Actual debt-to-capital ratio | 0.46 |
Short-Term Debt and Liquidity_3
Short-Term Debt and Liquidity (Short-Term Debt outstanding) (Details) - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 |
Short-term Debt [Line Items] | ||
Short-term Debt | $ 615 | $ 440 |
Ameren (parent) | ||
Short-term Debt [Line Items] | ||
Short-term Debt | 425 | 153 |
Union Electric Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt | 130 | 234 |
Ameren Illinois Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt | 60 | 53 |
Line of Credit | ||
Short-term Debt [Line Items] | ||
Short-term Debt | 465 | 0 |
Line of Credit | Ameren (parent) | ||
Short-term Debt [Line Items] | ||
Short-term Debt | 275 | 0 |
Line of Credit | Union Electric Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt | 130 | 0 |
Line of Credit | Ameren Illinois Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt | 60 | 0 |
Commercial Paper | ||
Short-term Debt [Line Items] | ||
Short-term Debt | 150 | 440 |
Commercial Paper | Ameren (parent) | ||
Short-term Debt [Line Items] | ||
Short-term Debt | 150 | 153 |
Commercial Paper | Union Electric Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt | 0 | 234 |
Commercial Paper | Ameren Illinois Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt | $ 0 | $ 53 |
Short-Term Debt and Liquidity_4
Short-Term Debt and Liquidity (Short-Term Debt Activity) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Line of Credit | Missouri Credit Agreement | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 13 | |
Weighted-average interest rate | 2.33% | |
Short-term Debt, Maximum Amount Outstanding During Period | $ 230 | |
Peak interest rate | 3.33% | |
Line of Credit | Missouri Credit Agreement | Ameren (parent) | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 1 | |
Weighted-average interest rate | 2.06% | |
Short-term Debt, Maximum Amount Outstanding During Period | $ 100 | |
Peak interest rate | 2.06% | |
Line of Credit | Missouri Credit Agreement | Union Electric Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 12 | |
Weighted-average interest rate | 2.36% | |
Short-term Debt, Maximum Amount Outstanding During Period | $ 130 | |
Peak interest rate | 3.33% | |
Line of Credit | Missouri Credit Agreement | Ameren Illinois Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 0 | |
Weighted-average interest rate | 0.00% | |
Short-term Debt, Maximum Amount Outstanding During Period | $ 0 | |
Peak interest rate | 0.00% | |
Line of Credit | Illinois Credit Agreement | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 7 | |
Weighted-average interest rate | 2.06% | |
Short-term Debt, Maximum Amount Outstanding During Period | $ 235 | |
Peak interest rate | 2.06% | |
Line of Credit | Illinois Credit Agreement | Ameren (parent) | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 2 | |
Weighted-average interest rate | 2.06% | |
Short-term Debt, Maximum Amount Outstanding During Period | $ 175 | |
Peak interest rate | 2.06% | |
Line of Credit | Illinois Credit Agreement | Union Electric Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 0 | |
Weighted-average interest rate | 0.00% | |
Short-term Debt, Maximum Amount Outstanding During Period | $ 0 | |
Peak interest rate | 0.00% | |
Line of Credit | Illinois Credit Agreement | Ameren Illinois Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 5 | |
Weighted-average interest rate | 2.05% | |
Short-term Debt, Maximum Amount Outstanding During Period | $ 60 | |
Peak interest rate | 2.05% | |
Commercial Paper | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 608 | $ 815 |
Weighted-average interest rate | 1.88% | 2.85% |
Short-term Debt, Maximum Amount Outstanding During Period | $ 854 | $ 1,113 |
Peak interest rate | 5.05% | 3.10% |
Commercial Paper | Ameren (parent) | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 154 | $ 480 |
Weighted-average interest rate | 1.94% | 2.87% |
Short-term Debt, Maximum Amount Outstanding During Period | $ 225 | $ 618 |
Peak interest rate | 3.30% | 3.10% |
Commercial Paper | Union Electric Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 383 | $ 246 |
Weighted-average interest rate | 1.84% | 2.84% |
Short-term Debt, Maximum Amount Outstanding During Period | $ 521 | $ 549 |
Peak interest rate | 5.05% | 2.97% |
Commercial Paper | Ameren Illinois Company | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Average Outstanding Amount | $ 71 | $ 89 |
Weighted-average interest rate | 1.99% | 2.76% |
Short-term Debt, Maximum Amount Outstanding During Period | $ 137 | $ 130 |
Peak interest rate | 3.40% | 2.90% |
Long-Term debt and Equity Fin_2
Long-Term debt and Equity Financings (Narrative) (Details) - USD ($) shares in Millions | 1 Months Ended | 3 Months Ended | ||
Apr. 30, 2020 | Mar. 31, 2020 | Mar. 31, 2019 | Aug. 05, 2019 | |
Long-Term Debt And Equity Financings [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 0.2 | 0.3 | ||
Issuance of common stock | $ 13,000,000 | $ 19,000,000 | ||
Stock Issued During Period, Shares, Other | 0.5 | 0.8 | ||
Issuance of common stock for stock-based compensation | $ 38,000,000 | $ 54,000,000 | ||
Forward Contract Indexed to Issuer's Equity, Indexed Shares (in shares) | 7.5 | |||
Forward Contract Indexed to Issuer's Equity, Settlement Alternatives, Cash, at Fair Value | 552,000,000 | |||
Period End Net Cash Settlement Price | $ 2,000,000 | |||
Period End Net Share Settlement Price (in shares) | 0.1 | |||
Ameren (parent) | Unsecured Debt [Member] | Senior Unsecured Notes270 due 2020 | ||||
Long-Term Debt And Equity Financings [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 2.70% | |||
Union Electric Company | ||||
Long-Term Debt And Equity Financings [Line Items] | ||||
Issuance of common stock for stock-based compensation | $ 0 | $ 0 | ||
Union Electric Company | Secured Debt | First Mortgage Bonds, 2.95%, Due 2030 - $465 Issuance | ||||
Long-Term Debt And Equity Financings [Line Items] | ||||
Debt Instrument, Face Amount | $ 465,000,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 2.95% | |||
Proceeds from Issuance of Secured Debt | $ 462,000,000 | |||
Union Electric Company | Secured Debt | Senior Secured Notes, 5.00%, Due 2020 | ||||
Long-Term Debt And Equity Financings [Line Items] | ||||
Debt Instrument, Face Amount | $ 85,000,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | |||
Subsequent Event | Unsecured Debt [Member] | Senior Unsecured Notes 3.50% Due 2031 | ||||
Long-Term Debt And Equity Financings [Line Items] | ||||
Debt Instrument, Face Amount | $ 800,000,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 3.50% | |||
Proceeds from Issuance of Debt | $ 793,000,000 |
Other Income, Net (Detail)
Other Income, Net (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Other Nonoperating Income (Expense) [Line Items] | ||
Allowance for equity funds used during construction | $ 4 | $ 6 |
Interest income on industrial development revenue bonds | 6 | 6 |
Other interest income | 1 | 2 |
Non-service cost components of net periodic benefit income | 23 | 22 |
Miscellaneous income | 2 | 2 |
Donations | (13) | (6) |
Miscellaneous expense | (2) | (3) |
Total Other Income, Net | 21 | 29 |
Union Electric Company | ||
Other Nonoperating Income (Expense) [Line Items] | ||
Allowance for equity funds used during construction | 2 | 4 |
Interest income on industrial development revenue bonds | 6 | 6 |
Non-service cost components of net periodic benefit income | 5 | 4 |
Miscellaneous income | 1 | 1 |
Donations | (8) | (2) |
Miscellaneous expense | (2) | (1) |
Total Other Income, Net | 4 | 12 |
Defined Benefit Plan, Non-service Cost or Income Components - Tracker | 6 | 7 |
Ameren Illinois Company | ||
Other Nonoperating Income (Expense) [Line Items] | ||
Allowance for equity funds used during construction | 2 | 2 |
Other interest income | 1 | 2 |
Non-service cost components of net periodic benefit income | 13 | 12 |
Miscellaneous income | 1 | 1 |
Donations | (4) | (4) |
Miscellaneous expense | (2) | (2) |
Total Other Income, Net | 11 | $ 11 |
Final Rate Order | Electricity | Union Electric Company | ||
Other Nonoperating Income (Expense) [Line Items] | ||
Donations | $ (8) |
Derivative Financial Instrume_3
Derivative Financial Instruments (Open Gross Derivative Volumes By Commodity Type) (Detail) lb in Thousands, gal in Millions, MWh in Millions, MMBTU in Millions | 3 Months Ended | |
Mar. 31, 2020MWhMMBTUlbgal | Mar. 31, 2019MWhMMBTUlbgal | |
Fuel Oils | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount, Volume | gal | 62 | 58 |
Natural Gas | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount, Energy Measure | MMBTU | 167 | 156 |
Power | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount, Energy Measure | MWh | 12 | 12 |
Uranium [Member] | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount, Mass | lb | 365 | 565 |
Union Electric Company | Fuel Oils | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount, Volume | gal | 62 | 58 |
Union Electric Company | Natural Gas | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount, Energy Measure | MMBTU | 20 | 20 |
Union Electric Company | Power | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount, Energy Measure | MWh | 5 | 5 |
Union Electric Company | Uranium [Member] | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount, Mass | lb | 365 | 565 |
Ameren Illinois Company | Natural Gas | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount, Energy Measure | MMBTU | 147 | 136 |
Ameren Illinois Company | Power | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount, Energy Measure | MWh | 7 | 7 |
Derivative Financial Instrume_4
Derivative Financial Instruments (Derivative Instruments Carrying Value) (Detail) - Not Designated As Hedging Instrument - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 |
Derivative [Line Items] | ||
Derivative assets | $ 30 | $ 26 |
Derivative liabilities | 301 | 255 |
Fuel Oils | Other Current Assets | ||
Derivative [Line Items] | ||
Derivative assets | 3 | 4 |
Fuel Oils | Other Assets | ||
Derivative [Line Items] | ||
Derivative assets | 1 | 2 |
Fuel Oils | Other Current Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 19 | 4 |
Fuel Oils | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 12 | 3 |
Natural Gas | Other Current Assets | ||
Derivative [Line Items] | ||
Derivative assets | 2 | 3 |
Natural Gas | Other Assets | ||
Derivative [Line Items] | ||
Derivative assets | 2 | 1 |
Natural Gas | Other Current Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 20 | 13 |
Natural Gas | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 5 | 7 |
Power | Other Current Assets | ||
Derivative [Line Items] | ||
Derivative assets | 18 | 14 |
Power | Other Assets | ||
Derivative [Line Items] | ||
Derivative assets | 4 | 2 |
Power | Other Current Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 20 | 19 |
Power | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 224 | 208 |
Uranium [Member] | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 1 | 1 |
Union Electric Company | ||
Derivative [Line Items] | ||
Derivative assets | 26 | 22 |
Derivative liabilities | 38 | 13 |
Union Electric Company | Fuel Oils | Other Current Assets | ||
Derivative [Line Items] | ||
Derivative assets | 3 | 4 |
Union Electric Company | Fuel Oils | Other Assets | ||
Derivative [Line Items] | ||
Derivative assets | 1 | 2 |
Union Electric Company | Fuel Oils | Other Current Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 19 | 4 |
Union Electric Company | Fuel Oils | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 12 | 3 |
Union Electric Company | Natural Gas | Other Current Assets | ||
Derivative [Line Items] | ||
Derivative assets | 0 | 0 |
Union Electric Company | Natural Gas | Other Assets | ||
Derivative [Line Items] | ||
Derivative assets | 0 | 0 |
Union Electric Company | Natural Gas | Other Current Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 3 | 1 |
Union Electric Company | Natural Gas | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 0 | 1 |
Union Electric Company | Power | Other Current Assets | ||
Derivative [Line Items] | ||
Derivative assets | 18 | 14 |
Union Electric Company | Power | Other Assets | ||
Derivative [Line Items] | ||
Derivative assets | 4 | 2 |
Union Electric Company | Power | Other Current Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 2 | 2 |
Union Electric Company | Power | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 1 | 1 |
Union Electric Company | Uranium [Member] | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 1 | 1 |
Ameren Illinois Company | ||
Derivative [Line Items] | ||
Derivative assets | 4 | 4 |
Derivative liabilities | 263 | 242 |
Ameren Illinois Company | Fuel Oils | Other Current Assets | ||
Derivative [Line Items] | ||
Derivative assets | 0 | 0 |
Ameren Illinois Company | Fuel Oils | Other Assets | ||
Derivative [Line Items] | ||
Derivative assets | 0 | 0 |
Ameren Illinois Company | Fuel Oils | Other Current Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 0 | 0 |
Ameren Illinois Company | Fuel Oils | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 0 | 0 |
Ameren Illinois Company | Natural Gas | Other Current Assets | ||
Derivative [Line Items] | ||
Derivative assets | 2 | 3 |
Ameren Illinois Company | Natural Gas | Other Assets | ||
Derivative [Line Items] | ||
Derivative assets | 2 | 1 |
Ameren Illinois Company | Natural Gas | Other Current Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 17 | 12 |
Ameren Illinois Company | Natural Gas | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 5 | 6 |
Ameren Illinois Company | Power | Other Current Assets | ||
Derivative [Line Items] | ||
Derivative assets | 0 | 0 |
Ameren Illinois Company | Power | Other Assets | ||
Derivative [Line Items] | ||
Derivative assets | 0 | 0 |
Ameren Illinois Company | Power | Other Current Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 18 | 17 |
Ameren Illinois Company | Power | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | 223 | 207 |
Ameren Illinois Company | Uranium [Member] | Other Deferred Credits And Liabilities | ||
Derivative [Line Items] | ||
Derivative liabilities | $ 0 | $ 0 |
Fair Value Measurements (Schedu
Fair Value Measurements (Schedule Of Fair Value Hierarchy Of Assets And Liabilities Measured At Fair Value On Recurring Basis) (Detail) - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | $ 726 | $ 842 |
Assets fair value | 756 | 868 |
Excluded receivables, payables, and accrued income, net | 16 | 5 |
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 457 | 569 |
Assets fair value | 461 | 569 |
Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 269 | 273 |
Assets fair value | 270 | 276 |
Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 0 | 0 |
Assets fair value | 25 | 23 |
Commodity Contract | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 30 | 26 |
Derivative liabilities | 301 | 255 |
Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 4 | 0 |
Derivative liabilities | 22 | 4 |
Commodity Contract | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 1 | 3 |
Derivative liabilities | 18 | 16 |
Commodity Contract | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 25 | 23 |
Derivative liabilities | 261 | 235 |
Union Electric Company | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 726 | 842 |
Assets fair value | 752 | 864 |
Excluded receivables, payables, and accrued income, net | 8 | 5 |
Union Electric Company | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 457 | 569 |
Assets fair value | 461 | 569 |
Union Electric Company | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 269 | 273 |
Assets fair value | 269 | 275 |
Union Electric Company | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 0 | 0 |
Assets fair value | 22 | 20 |
Union Electric Company | Commodity Contract | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 26 | 22 |
Derivative liabilities | 38 | 13 |
Union Electric Company | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 4 | 0 |
Derivative liabilities | 20 | 1 |
Union Electric Company | Commodity Contract | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 0 | 2 |
Derivative liabilities | 3 | 4 |
Union Electric Company | Commodity Contract | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 22 | 20 |
Derivative liabilities | 15 | 8 |
Union Electric Company | Uranium [Member] | Commodity Contract | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 1 | 1 |
Union Electric Company | Uranium [Member] | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 0 | 0 |
Union Electric Company | Uranium [Member] | Commodity Contract | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 0 | 0 |
Union Electric Company | Uranium [Member] | Commodity Contract | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 1 | 1 |
Union Electric Company | Fuel Oils | Commodity Contract | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 4 | 6 |
Derivative liabilities | 31 | 7 |
Union Electric Company | Fuel Oils | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 0 | 0 |
Derivative liabilities | 18 | 1 |
Union Electric Company | Fuel Oils | Commodity Contract | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 0 | 0 |
Derivative liabilities | 0 | 0 |
Union Electric Company | Fuel Oils | Commodity Contract | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 4 | 6 |
Derivative liabilities | 13 | 6 |
Union Electric Company | Power | Commodity Contract | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 22 | 16 |
Derivative liabilities | 3 | 3 |
Union Electric Company | Power | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 4 | 0 |
Derivative liabilities | 2 | 0 |
Union Electric Company | Power | Commodity Contract | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 0 | 2 |
Derivative liabilities | 0 | 2 |
Union Electric Company | Power | Commodity Contract | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 18 | 14 |
Derivative liabilities | 1 | 1 |
Union Electric Company | Natural Gas | Commodity Contract | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 3 | 2 |
Union Electric Company | Natural Gas | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 0 | 0 |
Union Electric Company | Natural Gas | Commodity Contract | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 3 | 2 |
Union Electric Company | Natural Gas | Commodity Contract | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 0 | 0 |
Union Electric Company | Equity Securities | U.S. large capitalization | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 457 | 569 |
Union Electric Company | Equity Securities | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | U.S. large capitalization | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 457 | 569 |
Union Electric Company | Equity Securities | Significant Other Observable Inputs (Level 2) | U.S. large capitalization | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 0 | 0 |
Union Electric Company | Equity Securities | Level 3 | U.S. large capitalization | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 0 | 0 |
Union Electric Company | Debt Securities | US treasury and government securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 105 | 107 |
Union Electric Company | Debt Securities | Corporate bonds | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 96 | 93 |
Union Electric Company | Debt Securities | Other Debt Securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 68 | 73 |
Union Electric Company | Debt Securities | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | US treasury and government securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 0 | 0 |
Union Electric Company | Debt Securities | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Corporate bonds | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 0 | 0 |
Union Electric Company | Debt Securities | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Other Debt Securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 0 | 0 |
Union Electric Company | Debt Securities | Significant Other Observable Inputs (Level 2) | US treasury and government securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 105 | 107 |
Union Electric Company | Debt Securities | Significant Other Observable Inputs (Level 2) | Corporate bonds | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 96 | 93 |
Union Electric Company | Debt Securities | Significant Other Observable Inputs (Level 2) | Other Debt Securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 68 | 73 |
Union Electric Company | Debt Securities | Level 3 | US treasury and government securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 0 | 0 |
Union Electric Company | Debt Securities | Level 3 | Corporate bonds | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 0 | 0 |
Union Electric Company | Debt Securities | Level 3 | Other Debt Securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nuclear Decommissioning Trust Fund | 0 | 0 |
Ameren Illinois Company | Commodity Contract | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 263 | 242 |
Ameren Illinois Company | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 2 | 3 |
Ameren Illinois Company | Commodity Contract | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 15 | 12 |
Ameren Illinois Company | Commodity Contract | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 246 | 227 |
Ameren Illinois Company | Power | Commodity Contract | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 241 | 224 |
Ameren Illinois Company | Power | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 0 | 0 |
Ameren Illinois Company | Power | Commodity Contract | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 0 | 0 |
Ameren Illinois Company | Power | Commodity Contract | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative liabilities | 241 | 224 |
Ameren Illinois Company | Natural Gas | Commodity Contract | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 4 | 4 |
Derivative liabilities | 22 | 18 |
Ameren Illinois Company | Natural Gas | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 0 | 0 |
Derivative liabilities | 2 | 3 |
Ameren Illinois Company | Natural Gas | Commodity Contract | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 1 | 1 |
Derivative liabilities | 15 | 12 |
Ameren Illinois Company | Natural Gas | Commodity Contract | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative assets | 3 | 3 |
Derivative liabilities | $ 5 | $ 3 |
Fair Value Measurements (Sche_2
Fair Value Measurements (Schedule Of Changes In The Fair Value Of Financial Assets And Liabilities Classified As Level Three In The Fair Value Hierarchy) (Detail) - Power - USD ($) $ in Millions | 3 Months Ended | |||
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | $ (224) | $ (184) | $ (211) | $ (183) |
Included in regulatory assets/liabilities | (10) | (4) | ||
Settlements | (3) | 3 | ||
Change in unrealized gains (losses) related to assets/liabilities held at period end | (11) | (4) | ||
Union Electric Company | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | 17 | 0 | 13 | 0 |
Included in regulatory assets/liabilities | 11 | 0 | ||
Settlements | (7) | 0 | ||
Change in unrealized gains (losses) related to assets/liabilities held at period end | 10 | 0 | ||
Ameren Illinois Company | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | (241) | (184) | $ (224) | $ (183) |
Included in regulatory assets/liabilities | (21) | (4) | ||
Settlements | 4 | 3 | ||
Change in unrealized gains (losses) related to assets/liabilities held at period end | $ (21) | $ (4) |
Fair Value Measurements (Sche_3
Fair Value Measurements (Schedule Of Valuation Process And Unobservable Inputs) (Detail) - Power $ in Millions | Mar. 31, 2020USD ($)$ / MWh$ / MMBTU | Dec. 31, 2019USD ($)$ / MWh$ / MMBTU |
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Derivative assets | $ | $ 18 | $ 14 |
Derivative liabilities | $ | $ (242) | $ (225) |
Commodity Forward Price | Discounted Cash Flow | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Measurement input | 16 | 22 |
Commodity Forward Price | Discounted Cash Flow | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Measurement input | 33 | 34 |
Commodity Forward Price | Discounted Cash Flow | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Measurement input | 25 | 25 |
Nodal Basis | Discounted Cash Flow | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Measurement input | (6) | (6) |
Nodal Basis | Discounted Cash Flow | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Measurement input | 0 | 0 |
Nodal Basis | Discounted Cash Flow | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Measurement input | (2) | (2) |
Commodity Future Price | Discounted Cash Flow | Minimum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Measurement input | $ / MMBTU | 2 | (1) |
Commodity Future Price | Discounted Cash Flow | Maximum | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Measurement input | $ / MMBTU | 3 | 0 |
Commodity Future Price | Discounted Cash Flow | Weighted Average | ||
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items] | ||
Measurement input | $ / MMBTU | 2 | 0 |
Fair Value Measurements (Sche_4
Fair Value Measurements (Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Assets and Liabilities) (Detail) - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $ 203 | $ 176 | $ 118 | $ 107 |
Short-term Debt | 615 | 440 | ||
Union Electric Company | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 24 | 39 | 12 | 8 |
Short-term Debt | 130 | 234 | ||
Ameren Illinois Company | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 140 | 125 | $ 93 | $ 80 |
Short-term Debt | 60 | 53 | ||
Carrying Amount | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 203 | 176 | ||
Available-for-sale Securities and Held-to-maturity Securities | 263 | 263 | ||
Short-term Debt | 615 | 440 | ||
Long-term debt (including current portion) | 9,735 | 9,357 | ||
Debt Issuance Costs, Net | 73 | 72 | ||
Carrying Amount | Union Electric Company | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 24 | 39 | ||
Available-for-sale Securities and Held-to-maturity Securities | 263 | 263 | ||
Short-term Debt | 130 | 234 | ||
Long-term debt (including current portion) | 4,567 | 4,190 | ||
Debt Issuance Costs, Net | 32 | 30 | ||
Carrying Amount | Ameren Illinois Company | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 140 | 125 | ||
Short-term Debt | 60 | 53 | ||
Long-term debt (including current portion) | 3,575 | 3,575 | ||
Debt Issuance Costs, Net | 34 | 34 | ||
Fair Value | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 203 | 176 | ||
Investments, Fair Value Disclosure | 263 | 263 | ||
Short-term Debt, Fair Value | 615 | 440 | ||
Long-term Debt, Fair Value | 10,638 | 10,441 | ||
Fair Value | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 203 | 176 | ||
Investments, Fair Value Disclosure | 0 | 0 | ||
Short-term Debt, Fair Value | 0 | 0 | ||
Long-term Debt, Fair Value | 0 | 0 | ||
Fair Value | Significant Other Observable Inputs (Level 2) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 0 | 0 | ||
Investments, Fair Value Disclosure | 263 | 263 | ||
Short-term Debt, Fair Value | 615 | 440 | ||
Long-term Debt, Fair Value | 10,189 | 9,957 | ||
Fair Value | Level 3 | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 0 | 0 | ||
Investments, Fair Value Disclosure | 0 | 0 | ||
Short-term Debt, Fair Value | 0 | 0 | ||
Long-term Debt, Fair Value | 449 | 484 | ||
Fair Value | Union Electric Company | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 24 | 39 | ||
Investments, Fair Value Disclosure | 263 | 263 | ||
Short-term Debt, Fair Value | 130 | 234 | ||
Long-term Debt, Fair Value | 5,098 | 4,772 | ||
Fair Value | Union Electric Company | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 24 | 39 | ||
Investments, Fair Value Disclosure | 0 | 0 | ||
Short-term Debt, Fair Value | 0 | 0 | ||
Long-term Debt, Fair Value | 0 | 0 | ||
Fair Value | Union Electric Company | Significant Other Observable Inputs (Level 2) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 0 | 0 | ||
Investments, Fair Value Disclosure | 263 | 263 | ||
Short-term Debt, Fair Value | 130 | 234 | ||
Long-term Debt, Fair Value | 5,098 | 4,772 | ||
Fair Value | Union Electric Company | Level 3 | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 0 | 0 | ||
Investments, Fair Value Disclosure | 0 | 0 | ||
Short-term Debt, Fair Value | 0 | 0 | ||
Long-term Debt, Fair Value | 0 | 0 | ||
Fair Value | Ameren Illinois Company | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 140 | 125 | ||
Short-term Debt, Fair Value | 60 | 53 | ||
Long-term Debt, Fair Value | 3,945 | 4,019 | ||
Fair Value | Ameren Illinois Company | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 140 | 125 | ||
Short-term Debt, Fair Value | 0 | 0 | ||
Long-term Debt, Fair Value | 0 | 0 | ||
Fair Value | Ameren Illinois Company | Significant Other Observable Inputs (Level 2) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 0 | 0 | ||
Short-term Debt, Fair Value | 60 | 53 | ||
Long-term Debt, Fair Value | 3,945 | 4,019 | ||
Fair Value | Ameren Illinois Company | Level 3 | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 0 | 0 | ||
Short-term Debt, Fair Value | 0 | 0 | ||
Long-term Debt, Fair Value | $ 0 | $ 0 |
Related Party Transactions (Nar
Related Party Transactions (Narrative) (Details) $ in Millions | 3 Months Ended |
Mar. 31, 2020USD ($) | |
Ameren Illinois Company | April 2020 Procurement | Ameren Illinois Capacity Supply Agreements with Ameren Missouri | |
Related Party Transaction [Line Items] | |
Energy Supply Agreements Amount | $ 2 |
Related Party Transactions (Sch
Related Party Transactions (Schedule of Affiliate Receivables and Payables) (Details) - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 |
Union Electric Company | ||
Related Party Transaction [Line Items] | ||
Accounts Payable, Related Parties, Current | $ 48 | $ 52 |
Accounts Receivable, Related Parties, Current | 34 | 30 |
Union Electric Company | Income taxes payable to parent | ||
Related Party Transaction [Line Items] | ||
Accounts Payable, Related Parties, Current | 12 | 15 |
Union Electric Company | Income taxes receivable from parent | ||
Related Party Transaction [Line Items] | ||
Accounts Receivable, Related Parties, Current | 16 | 15 |
Ameren Illinois Company | ||
Related Party Transaction [Line Items] | ||
Accounts Payable, Related Parties, Current | 84 | 82 |
Accounts Receivable, Related Parties, Current | 15 | 28 |
Ameren Illinois Company | Income taxes payable to parent | ||
Related Party Transaction [Line Items] | ||
Accounts Payable, Related Parties, Current | 48 | 43 |
Ameren Illinois Company | Income taxes receivable from parent | ||
Related Party Transaction [Line Items] | ||
Accounts Receivable, Related Parties, Current | $ 1 | $ 17 |
Related Party Transactions (Eff
Related Party Transactions (Effects of Related-party Transactions on the Statement of Income) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Union Electric Company | Ameren Missouri Power Supply Agreements with Ameren Illinois | ||
Related Party Transaction [Line Items] | ||
Operating Revenues | $ 3 | $ 1 |
Union Electric Company | Ameren Missouri and Ameren Illinois Rent and Facility Services | ||
Related Party Transaction [Line Items] | ||
Operating Revenues | 7 | 7 |
Operating Expenses | 1 | 1 |
Union Electric Company | Ameren Missouri and Ameren Illinois Miscellaneous Support Services | ||
Related Party Transaction [Line Items] | ||
Operating Revenues | 1 | 1 |
Union Electric Company | Total Related Party Operating Revenues | ||
Related Party Transaction [Line Items] | ||
Operating Revenues | 10 | 7 |
Union Electric Company | Ameren Services Support Services Agreement | ||
Related Party Transaction [Line Items] | ||
Operating Expenses | 35 | 32 |
Union Electric Company | Total Related Party Other Operations and Maintenance | ||
Related Party Transaction [Line Items] | ||
Operating Expenses | 35 | 32 |
Union Electric Company | Money Pool Borrowings (Advances) | ||
Related Party Transaction [Line Items] | ||
Interest (Charges) Income | 1 | 0 |
Ameren Illinois Company | Ameren Missouri and Ameren Illinois Rent and Facility Services | ||
Related Party Transaction [Line Items] | ||
Operating Revenues | 1 | 1 |
Operating Expenses | 1 | 1 |
Ameren Illinois Company | Ameren Missouri and Ameren Illinois Miscellaneous Support Services | ||
Related Party Transaction [Line Items] | ||
Operating Revenues | 1 | 1 |
Ameren Illinois Company | Total Related Party Operating Revenues | ||
Related Party Transaction [Line Items] | ||
Operating Revenues | 1 | 1 |
Ameren Illinois Company | Ameren Illinois Power Supply Agreements with Ameren Missouri | ||
Related Party Transaction [Line Items] | ||
Operating Expenses | 3 | 1 |
Ameren Illinois Company | Ameren Illinois Transmission Services With ATXI | ||
Related Party Transaction [Line Items] | ||
Operating Expenses | 1 | 1 |
Ameren Illinois Company | Purchased Power | ||
Related Party Transaction [Line Items] | ||
Operating Expenses | 3 | 1 |
Ameren Illinois Company | Ameren Services Support Services Agreement | ||
Related Party Transaction [Line Items] | ||
Operating Expenses | 33 | 30 |
Ameren Illinois Company | Total Related Party Other Operations and Maintenance | ||
Related Party Transaction [Line Items] | ||
Operating Expenses | 34 | 31 |
Ameren Illinois Company | Money Pool Borrowings (Advances) | ||
Related Party Transaction [Line Items] | ||
Interest (Charges) Income | $ 1 | $ 0 |
Commitments And Contingencies_2
Commitments And Contingencies (Other Obligations) (Detail) $ in Millions | 3 Months Ended |
Mar. 31, 2020USD ($)MWh | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | $ 569 |
2021 | 499 |
2022 | 305 |
2023 | 218 |
2024 | 148 |
Thereafter | 197 |
Total unrecorded unconditional purchase obligation | 1,936 |
Coal | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 242 |
2021 | 219 |
2022 | 185 |
2023 | 105 |
2024 | 94 |
Thereafter | 55 |
Total unrecorded unconditional purchase obligation | 900 |
Natural Gas | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 150 |
2021 | 129 |
2022 | 69 |
2023 | 39 |
2024 | 13 |
Thereafter | 43 |
Total unrecorded unconditional purchase obligation | 443 |
Nuclear Fuel | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 35 |
2021 | 57 |
2022 | 11 |
2023 | 44 |
2024 | 15 |
Thereafter | 16 |
Total unrecorded unconditional purchase obligation | 178 |
Purchased Power | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 85 |
2021 | 51 |
2022 | 13 |
2023 | 3 |
2024 | 0 |
Thereafter | 0 |
Total unrecorded unconditional purchase obligation | $ 152 |
Amount of Megawatts | MWh | 102 |
Methane Gas | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | $ 2 |
2021 | 3 |
2022 | 3 |
2023 | 3 |
2024 | 3 |
Thereafter | 24 |
Total unrecorded unconditional purchase obligation | 38 |
Other | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 55 |
2021 | 40 |
2022 | 24 |
2023 | 24 |
2024 | 23 |
Thereafter | 59 |
Total unrecorded unconditional purchase obligation | 225 |
Renewable Energy Credits | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
Total unrecorded unconditional purchase obligation | 15 |
Zero Emission Credits | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
Total unrecorded unconditional purchase obligation | 11 |
Union Electric Company | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 354 |
2021 | 336 |
2022 | 237 |
2023 | 189 |
2024 | 141 |
Thereafter | 140 |
Total unrecorded unconditional purchase obligation | 1,397 |
Union Electric Company | Coal | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 242 |
2021 | 219 |
2022 | 185 |
2023 | 105 |
2024 | 94 |
Thereafter | 55 |
Total unrecorded unconditional purchase obligation | 900 |
Union Electric Company | Natural Gas | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 32 |
2021 | 26 |
2022 | 15 |
2023 | 13 |
2024 | 6 |
Thereafter | 19 |
Total unrecorded unconditional purchase obligation | 111 |
Union Electric Company | Nuclear Fuel | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 35 |
2021 | 57 |
2022 | 11 |
2023 | 44 |
2024 | 15 |
Thereafter | 16 |
Total unrecorded unconditional purchase obligation | 178 |
Union Electric Company | Purchased Power | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
2024 | 0 |
Thereafter | 0 |
Total unrecorded unconditional purchase obligation | $ 0 |
Amount of Megawatts | MWh | 102 |
Union Electric Company | Methane Gas | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | $ 2 |
2021 | 3 |
2022 | 3 |
2023 | 3 |
2024 | 3 |
Thereafter | 24 |
Total unrecorded unconditional purchase obligation | 38 |
Union Electric Company | Other | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 43 |
2021 | 31 |
2022 | 23 |
2023 | 24 |
2024 | 23 |
Thereafter | 26 |
Total unrecorded unconditional purchase obligation | 170 |
Ameren Illinois Company | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 208 |
2021 | 158 |
2022 | 67 |
2023 | 29 |
2024 | 7 |
Thereafter | 24 |
Total unrecorded unconditional purchase obligation | 493 |
Ameren Illinois Company | Coal | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
2024 | 0 |
Thereafter | 0 |
Total unrecorded unconditional purchase obligation | 0 |
Ameren Illinois Company | Natural Gas | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 118 |
2021 | 103 |
2022 | 54 |
2023 | 26 |
2024 | 7 |
Thereafter | 24 |
Total unrecorded unconditional purchase obligation | 332 |
Ameren Illinois Company | Nuclear Fuel | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
2024 | 0 |
Thereafter | 0 |
Total unrecorded unconditional purchase obligation | 0 |
Ameren Illinois Company | Purchased Power | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 85 |
2021 | 51 |
2022 | 13 |
2023 | 3 |
2024 | 0 |
Thereafter | 0 |
Total unrecorded unconditional purchase obligation | 152 |
Ameren Illinois Company | Methane Gas | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
2024 | 0 |
Thereafter | 0 |
Total unrecorded unconditional purchase obligation | 0 |
Ameren Illinois Company | Other | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | 5 |
2021 | 4 |
2022 | 0 |
2023 | 0 |
2024 | 0 |
Thereafter | 0 |
Total unrecorded unconditional purchase obligation | 9 |
Ameren Illinois Company | Renewable Energy Credits | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
Total unrecorded unconditional purchase obligation | 15 |
Ameren Illinois Company | Zero Emission Credits | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
Total unrecorded unconditional purchase obligation | $ 11 |
Ameren Illinois Company | April 2020 Procurement | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
Amount of Megawatthours | MWh | 3,550,800 |
Long-term Purchase Commitment, Amount | $ 92 |
Ameren Illinois Company | April 2020 Procurement - Capacity | |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
Amount of Megawatts | MWh | 617 |
Long-term Purchase Commitment, Amount | $ 4 |
Commitments And Contingencies_3
Commitments And Contingencies (Environmental Matters) (Detail) $ in Millions | 3 Months Ended | |
Mar. 31, 2020USD ($)waste_streamscrubbercentersite | Dec. 31, 2019USD ($) | |
Loss Contingencies [Line Items] | ||
Asset Retirement Obligation | $ 684 | $ 691 |
Minimum | ||
Loss Contingencies [Line Items] | ||
Estimated capital costs to comply with existing and known federal and state air emissions regulations | 200 | |
Maximum | ||
Loss Contingencies [Line Items] | ||
Estimated capital costs to comply with existing and known federal and state air emissions regulations | $ 250 | |
Union Electric Company | ||
Loss Contingencies [Line Items] | ||
Number of Energy Center Scrubbers | scrubber | 2 | |
Postponement of EPA's 2015 Rule | two years | |
Waste Streams with Postponed Compliance Dates | waste_stream | 2 | |
Number of Energy Centers Constructing Wastewater Treatment Facilities | center | 3 | |
Asset Retirement Obligation | $ 680 | 687 |
Union Electric Company | Minimum | ||
Loss Contingencies [Line Items] | ||
Estimated capital costs to comply with existing and known federal and state air emissions regulations | 200 | |
Union Electric Company | Maximum | ||
Loss Contingencies [Line Items] | ||
Estimated capital costs to comply with existing and known federal and state air emissions regulations | 250 | |
Ameren Illinois Company | ||
Loss Contingencies [Line Items] | ||
Asset Retirement Obligation | 4 | $ 4 |
Coal Combustion Residuals Estimate | Union Electric Company | Minimum | ||
Loss Contingencies [Line Items] | ||
Estimated capital costs to comply with existing and known federal and state air emissions regulations | 75 | |
Coal Combustion Residuals Estimate | Union Electric Company | Maximum | ||
Loss Contingencies [Line Items] | ||
Estimated capital costs to comply with existing and known federal and state air emissions regulations | 125 | |
Manufactured Gas Plant | ||
Loss Contingencies [Line Items] | ||
Accrual for environmental loss contingencies | $ 126 | |
Manufactured Gas Plant | Ameren Illinois Company | ||
Loss Contingencies [Line Items] | ||
Number of remediation sites | site | 44 | |
Accrual for environmental loss contingencies | $ 126 | |
Manufactured Gas Plant | Ameren Illinois Company | Minimum | ||
Loss Contingencies [Line Items] | ||
Estimate of possible loss | 126 | |
Manufactured Gas Plant | Ameren Illinois Company | Maximum | ||
Loss Contingencies [Line Items] | ||
Estimate of possible loss | 213 | |
Rush Island Energy Center [Member] | Union Electric Company | ||
Loss Contingencies [Line Items] | ||
Estimated capital costs to comply with preliminary court order | 1,000 | |
Rush Island Energy Center [Member] | Union Electric Company | Minimum | ||
Loss Contingencies [Line Items] | ||
Estimated operations and maintenance costs to comply with preliminary court order | 30 | |
Rush Island Energy Center [Member] | Union Electric Company | Maximum | ||
Loss Contingencies [Line Items] | ||
Estimated operations and maintenance costs to comply with preliminary court order | 50 | |
New CCR Rules Estimate | ||
Loss Contingencies [Line Items] | ||
Asset Retirement Obligation | 137 | |
New CCR Rules Estimate | Union Electric Company | ||
Loss Contingencies [Line Items] | ||
Asset Retirement Obligation | $ 137 |
Callaway Energy Center (Insuran
Callaway Energy Center (Insurance Disclosure) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Apr. 01, 2020 | |
Nuclear Waste Matters [Line Items] | ||
Number Of Years The Limit Of Liability And The Maximum Potential Annual Payments Are Adjusted | 5 years | |
Number Of Weeks Of Coverage After The First Twelve Weeks Of An Outage | 1 | |
Number Of Additional Weeks After Initial Indemnity Coverage For Power Outage | 1.365 | |
Public Liability And Nuclear Worker Liability - American Nuclear Insurers | ||
Nuclear Waste Matters [Line Items] | ||
Maximum Coverages | $ 450 | |
Maximum Assessments for Single Incidents | 0 | |
Public Liability And Nuclear Worker Liability - Pool Participation | ||
Nuclear Waste Matters [Line Items] | ||
Maximum Coverages | 13,348 | |
Maximum Assessments for Single Incidents | 138 | |
Threshold For Which A Retrospective Assessment For A Covered Loss Is Necessary | $ 450 | |
Annual Payment In The Event Of An Incident At Any Licensed Commercial Reactor | 21 | |
Public Liability And Nuclear Worker Liability | ||
Nuclear Waste Matters [Line Items] | ||
Maximum Coverages | 13,798 | |
Maximum Assessments for Single Incidents | 138 | |
Property Damage - Nuclear Electric Insurance Ltd | ||
Nuclear Waste Matters [Line Items] | ||
Maximum Coverages | 3,200 | |
Maximum Assessments for Single Incidents | 25 | |
Replacement Power - Nuclear Electric Insurance Ltd | ||
Nuclear Waste Matters [Line Items] | ||
Maximum Coverages | 490 | |
Maximum Assessments for Single Incidents | 7 | |
Amount Of Weekly Indemnity Coverage Commencing Twelve Weeks After Power Outage | 4.5 | |
Amount Of Additional Weekly Indemnity Coverage Commencing After Initial Indemnity Coverage | 3.6 | |
Amount Of Weekly Indemnity Coverage Thereafter Not Exceeding Policy Limit | 490 | |
Sub-Limit Of Amount Of Weekly Indemnity Coverage Thereafter Not Exceeding Policy Limit For Non-Nuclear Events | 328 | |
Radiation Event | ||
Nuclear Waste Matters [Line Items] | ||
Maximum Coverages | 2,700 | |
Aggregate Nuclear Power Industry Insurance Policy Limit For Losses From Terrorist Attacks Within Twelve Month Period | 3,200 | |
Non-Radiation Event | ||
Nuclear Waste Matters [Line Items] | ||
Maximum Coverages | 2,300 | |
Aggregate Nuclear Power Industry Insurance Policy Limit For Losses From Terrorist Attacks Within Twelve Month Period | $ 1,800 | |
Property Damage European Mutual Association for Nuclear Insurance | ||
Nuclear Waste Matters [Line Items] | ||
Maximum Coverages | $ 490 |
Retirement Benefits (Components
Retirement Benefits (Components Of Net Periodic Benefit Cost) (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Total non-service cost components | $ (23) | $ (22) |
Pension Plan | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Service cost | 27 | 22 |
Interest cost | 43 | 47 |
Expected return on plan assets | (73) | (69) |
Prior service cost (benefit) | 0 | 0 |
Actuarial loss (gain) | 14 | 6 |
Total non-service cost components | (16) | (16) |
Net periodic benefit cost | 11 | 6 |
Other Postretirement Benefit Plan, Defined Benefit | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Service cost | 4 | 4 |
Interest cost | 10 | 11 |
Expected return on plan assets | (20) | (19) |
Prior service cost (benefit) | (1) | (1) |
Actuarial loss (gain) | (2) | (4) |
Total non-service cost components | (13) | (13) |
Net periodic benefit cost | (9) | (9) |
Union Electric Company | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Total non-service cost components | (5) | (4) |
Union Electric Company | Pension Plan | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net periodic benefit cost | 4 | 1 |
Union Electric Company | Other Postretirement Benefit Plan, Defined Benefit | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net periodic benefit cost | (1) | (2) |
Ameren Illinois Company | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Total non-service cost components | (13) | (12) |
Ameren Illinois Company | Pension Plan | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net periodic benefit cost | 7 | 5 |
Ameren Illinois Company | Other Postretirement Benefit Plan, Defined Benefit | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net periodic benefit cost | $ (8) | $ (7) |
Retirement Benefits (Summary of
Retirement Benefits (Summary of Benefit Plan Costs Incurred) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Pension Plan | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net periodic benefit cost | $ 11 | $ 6 |
Pension Plan | Union Electric Company | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net periodic benefit cost | 4 | 1 |
Pension Plan | Ameren Illinois Company | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net periodic benefit cost | 7 | 5 |
Other Postretirement Benefit Plan, Defined Benefit | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net periodic benefit cost | (9) | (9) |
Other Postretirement Benefit Plan, Defined Benefit | Union Electric Company | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net periodic benefit cost | (1) | (2) |
Other Postretirement Benefit Plan, Defined Benefit | Ameren Illinois Company | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net periodic benefit cost | $ (8) | $ (7) |
Retirement Benefits Retirement
Retirement Benefits Retirement Benefits (Narrative) (Details) - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Defined benefit plan estimated future employer contributions over next five years | $ 115 | $ 70 |
Minimum | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Defined benefit plan estimated future employer contributions over next five years | 5 | |
Maximum | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Defined benefit plan estimated future employer contributions over next five years | $ 45 |
Income Taxes Income Taxes (Sche
Income Taxes Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Income Taxes [Line Items] | ||
Federal statutory corporate income tax rate | 21.00% | 21.00% |
Amortization of excess deferred taxes | (9.00%) | (7.00%) |
Depreciation differences | (1.00%) | 0.00% |
Amortization of deferred investment tax credit | 0.00% | (1.00%) |
State tax | 6.00% | 6.00% |
Stock-based compensation | (5.00%) | (7.00%) |
Other permanent items | 0.00% | 0.00% |
Effective income tax rate | 12.00% | 12.00% |
Union Electric Company | ||
Income Taxes [Line Items] | ||
Federal statutory corporate income tax rate | 21.00% | 21.00% |
Amortization of excess deferred taxes | (15.00%) | (12.00%) |
Depreciation differences | 0.00% | 0.00% |
Amortization of deferred investment tax credit | (1.00%) | (1.00%) |
State tax | 3.00% | 4.00% |
Stock-based compensation | 0.00% | 0.00% |
Other permanent items | 0.00% | (3.00%) |
Effective income tax rate | 8.00% | 9.00% |
Ameren Illinois Company | ||
Income Taxes [Line Items] | ||
Federal statutory corporate income tax rate | 21.00% | 21.00% |
Amortization of excess deferred taxes | (3.00%) | (3.00%) |
Depreciation differences | (1.00%) | 0.00% |
Amortization of deferred investment tax credit | 0.00% | 0.00% |
State tax | 7.00% | 7.00% |
Stock-based compensation | 0.00% | 0.00% |
Other permanent items | 0.00% | 0.00% |
Effective income tax rate | 24.00% | 25.00% |
Supplemental Information (Narra
Supplemental Information (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Supplemental Information [Abstract] | |||
Payables for purchased receivables | $ 33 | $ 32 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 38 months | ||
Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount | $ 8 | $ 14 | |
Deferred Compensation Liability, Classified, Noncurrent | $ 85 | $ 86 | |
Performance Shares | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 294,320 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted in Period, Fair Value | $ 24 | ||
Stock Issued During Period Percentage Conversion Of Units, Low End | 0.00% | ||
Stock Issued During Period Percentage Conversion Of Units, High End | 200.00% | ||
Performance Shares | Market performance measures achievement | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 252,370 | ||
Performance Shares | Renewable generation and energy storage installation targets | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 41,950 | ||
Restricted Stock Units (RSUs) | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 132,307 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted in Period, Fair Value | $ 10 |
Supplemental Information (Cash
Supplemental Information (Cash and Cash Equivalents) (Details) - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items] | ||||
Cash and cash equivalents | $ 42 | $ 16 | ||
Restricted cash included in “Other current assets” | 16 | 14 | ||
Restricted cash included in “Other assets” | 128 | 120 | ||
Restricted cash included in “Nuclear decommissioning trust fund” | 17 | 26 | ||
Total cash, cash equivalents, and restricted cash | 203 | 176 | $ 118 | $ 107 |
Union Electric Company | ||||
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items] | ||||
Cash and cash equivalents | 3 | 9 | ||
Restricted cash included in “Other current assets” | 4 | 4 | ||
Restricted cash included in “Other assets” | 0 | 0 | ||
Restricted cash included in “Nuclear decommissioning trust fund” | 17 | 26 | ||
Total cash, cash equivalents, and restricted cash | 24 | 39 | 12 | 8 |
Ameren Illinois Company | ||||
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items] | ||||
Cash and cash equivalents | 6 | 0 | ||
Restricted cash included in “Other current assets” | 6 | 5 | ||
Restricted cash included in “Other assets” | 128 | 120 | ||
Restricted cash included in “Nuclear decommissioning trust fund” | 0 | 0 | ||
Total cash, cash equivalents, and restricted cash | $ 140 | $ 125 | $ 93 | $ 80 |
Supplemental Information Supple
Supplemental Information Supplemental Information (Allowance for Doubtful Accounts) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Allowance for Doubtful Accounts Receivable [Roll Forward] | ||
Beginning balance | $ 17 | $ 18 |
Bad debt expense | 3 | 3 |
Net write-offs | (1) | (2) |
Ending balance | 19 | 19 |
Union Electric Company | ||
Allowance for Doubtful Accounts Receivable [Roll Forward] | ||
Beginning balance | 7 | 7 |
Bad debt expense | 2 | 1 |
Net write-offs | (1) | (1) |
Ending balance | 8 | 7 |
Ameren Illinois Company | ||
Allowance for Doubtful Accounts Receivable [Roll Forward] | ||
Beginning balance | 10 | 11 |
Bad debt expense | 1 | 2 |
Net write-offs | 0 | (1) |
Ending balance | $ 11 | $ 12 |
Supplemental Information (Suppl
Supplemental Information (Supplemental Cash Flow Information) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Supplemental Cash Flow Information [Line Items] | ||
Accrued capital expenditures | $ 235 | $ 208 |
Net realized and unrealized gain (loss) – nuclear decommissioning trust fund | (111) | 64 |
Issuance of common stock for stock-based compensation | 38 | 54 |
Union Electric Company | ||
Supplemental Cash Flow Information [Line Items] | ||
Accrued capital expenditures | 97 | 92 |
Net realized and unrealized gain (loss) – nuclear decommissioning trust fund | (111) | 64 |
Issuance of common stock for stock-based compensation | 0 | 0 |
Ameren Illinois Company | ||
Supplemental Cash Flow Information [Line Items] | ||
Accrued capital expenditures | 127 | 106 |
Net realized and unrealized gain (loss) – nuclear decommissioning trust fund | 0 | 0 |
Issuance of common stock for stock-based compensation | 0 | 0 |
Nuclear Fuel | ||
Supplemental Cash Flow Information [Line Items] | ||
Accrued capital expenditures | 7 | 0 |
Nuclear Fuel | Union Electric Company | ||
Supplemental Cash Flow Information [Line Items] | ||
Accrued capital expenditures | 7 | 0 |
Nuclear Fuel | Ameren Illinois Company | ||
Supplemental Cash Flow Information [Line Items] | ||
Accrued capital expenditures | $ 0 | $ 0 |
Supplemental Information (Sched
Supplemental Information (Schedule of Asset Retirement Obligations) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Dec. 31, 2019 | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||
Asset Retirement Obligation | $ 684 | $ 691 |
Liabilities settled | (14) | |
Accretion | 7 | |
Other current liabilities | 662 | 585 |
Union Electric Company | ||
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||
Asset Retirement Obligation | 680 | 687 |
Liabilities settled | (14) | |
Accretion | 7 | |
Other current liabilities | 128 | 96 |
Ameren Illinois Company | ||
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||
Asset Retirement Obligation | 4 | 4 |
Liabilities settled | 0 | |
Accretion | 0 | |
Other current liabilities | 195 | 207 |
Asset Retirement Obligation Balance [Member] | ||
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||
Other current liabilities | 53 | 53 |
Asset Retirement Obligation Balance [Member] | Union Electric Company | ||
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||
Other current liabilities | $ 53 | $ 53 |
Supplemental Information (Sch_2
Supplemental Information (Schedule Of Excise Taxes) (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Accounting Policies [Line Items] | ||
Excise tax expense | $ 65 | $ 70 |
Union Electric Company | ||
Accounting Policies [Line Items] | ||
Excise tax expense | 30 | 31 |
Ameren Illinois Company | ||
Accounting Policies [Line Items] | ||
Excise tax expense | $ 35 | $ 39 |
Supplemental Information (Earni
Supplemental Information (Earnings Per Share) (Details) - shares | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Earnings Per Share Reconciliation [Abstract] | ||
Weighted-average Common Shares Outstanding – Basic | 246,400,000 | 244,900,000 |
Assumed settlement of performance share units and restricted stock units | 1,100,000 | 1,500,000 |
Dilutive effect of forward sale agreement | 600,000 | 0 |
Weighted-average Common Shares Outstanding – Diluted | 248,100,000 | 246,400,000 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 0 | 0 |
Segment Information (Schedule O
Segment Information (Schedule Of Segment Reporting Information By Segment) (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Segment Reporting Information [Line Items] | ||
External Revenues | $ 1,440 | $ 1,556 |
Net income (loss) attributable to common shareholders | 146 | 191 |
Capital expenditures | 636 | 544 |
Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 1,440 | 1,556 |
Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | 0 | 0 |
Ameren Illinois Company | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 723 | 762 |
Net income (loss) attributable to common shareholders | 120 | 120 |
Capital expenditures | 324 | 267 |
Ameren Illinois Company | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 723 | 762 |
Ameren Illinois Company | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | 0 | 0 |
Operating Segments | Union Electric Company | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 680 | 758 |
Net income (loss) attributable to common shareholders | (10) | 39 |
Capital expenditures | 278 | 240 |
Operating Segments | Union Electric Company | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 670 | 751 |
Operating Segments | Union Electric Company | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | 10 | 7 |
Operating Segments | Ameren Illinois Electric Distribution | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 390 | 387 |
Net income (loss) attributable to common shareholders | 37 | 36 |
Capital expenditures | 123 | 124 |
Operating Segments | Ameren Illinois Electric Distribution | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 389 | 386 |
Operating Segments | Ameren Illinois Electric Distribution | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | 1 | 1 |
Operating Segments | Ameren Illinois Natural Gas | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 271 | 320 |
Net income (loss) attributable to common shareholders | 55 | 57 |
Capital expenditures | 61 | 51 |
Operating Segments | Ameren Illinois Natural Gas | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 271 | 320 |
Operating Segments | Ameren Illinois Natural Gas | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | 0 | 0 |
Operating Segments | Ameren Transmission | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 123 | 114 |
Net income (loss) attributable to common shareholders | 47 | 44 |
Capital expenditures | 170 | 121 |
Operating Segments | Ameren Transmission | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 110 | 99 |
Operating Segments | Ameren Transmission | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | 13 | 15 |
Operating Segments | Other | ||
Segment Reporting Information [Line Items] | ||
Net income (loss) attributable to common shareholders | 17 | 15 |
Capital expenditures | 3 | 10 |
Operating Segments | Other | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Other | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | 0 | 0 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Electric Distribution | ||
Segment Reporting Information [Line Items] | ||
Net income (loss) attributable to common shareholders | 37 | 36 |
Capital expenditures | 123 | 124 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Electric Distribution | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 390 | 387 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Electric Distribution | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | 0 | 0 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Natural Gas | ||
Segment Reporting Information [Line Items] | ||
Net income (loss) attributable to common shareholders | 55 | 57 |
Capital expenditures | 61 | 51 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Natural Gas | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 271 | 320 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Natural Gas | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | 0 | 0 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission | ||
Segment Reporting Information [Line Items] | ||
Net income (loss) attributable to common shareholders | 28 | 27 |
Capital expenditures | 140 | 92 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 62 | 55 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | 12 | 15 |
Intersegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
External Revenues | (24) | (23) |
Net income (loss) attributable to common shareholders | 0 | 0 |
Capital expenditures | 1 | (2) |
Intersegment Eliminations | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | (24) | (23) |
Intersegment Eliminations | Ameren Illinois Company | ||
Segment Reporting Information [Line Items] | ||
External Revenues | (12) | (15) |
Net income (loss) attributable to common shareholders | 0 | 0 |
Capital expenditures | 0 | 0 |
Intersegment Eliminations | Ameren Illinois Company | Reportable Subsegments | ||
Segment Reporting Information [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Ameren Illinois Company | Intersubsegment Eliminations | ||
Segment Reporting Information [Line Items] | ||
Intersegment revenues | $ (12) | $ (15) |
Segment Information (Disaggrega
Segment Information (Disaggregation of Revenue) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Disaggregation of Revenue [Line Items] | ||
External Revenues | $ 1,440 | $ 1,556 |
Revenues from alternative revenue programs | 66 | 29 |
Other revenues not from contracts with customers | 10 | 9 |
Electricity | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 1,120 | 1,182 |
Electricity | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 517 | 529 |
Electricity | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 347 | 362 |
Electricity | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 88 | 89 |
Electricity | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 168 | 202 |
Natural Gas | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 320 | 374 |
Natural Gas | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 246 | 284 |
Natural Gas | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 67 | 81 |
Natural Gas | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 4 | 6 |
Natural Gas | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 3 | 3 |
Ameren Illinois Company | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 723 | 762 |
Revenues from alternative revenue programs | 67 | 14 |
Other revenues not from contracts with customers | 2 | 4 |
Ameren Illinois Company | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 433 | 463 |
Ameren Illinois Company | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 180 | 188 |
Ameren Illinois Company | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 38 | 38 |
Ameren Illinois Company | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 72 | 73 |
Ameren Illinois Company | Electricity | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 452 | 442 |
Ameren Illinois Company | Natural Gas | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 271 | 320 |
Operating Segments | Union Electric Company | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 680 | 758 |
Revenues from alternative revenue programs | (3) | 15 |
Other revenues not from contracts with customers | 8 | 5 |
Operating Segments | Ameren Illinois Electric Distribution | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 390 | 387 |
Revenues from alternative revenue programs | 46 | 22 |
Other revenues not from contracts with customers | 1 | 3 |
Operating Segments | Ameren Illinois Natural Gas | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 271 | 320 |
Revenues from alternative revenue programs | 11 | (3) |
Other revenues not from contracts with customers | 1 | 1 |
Operating Segments | Ameren Transmission | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 123 | 114 |
Revenues from alternative revenue programs | 12 | (5) |
Other revenues not from contracts with customers | 0 | 0 |
Operating Segments | Electricity | Union Electric Company | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 631 | 704 |
Operating Segments | Electricity | Union Electric Company | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 297 | 312 |
Operating Segments | Electricity | Union Electric Company | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 221 | 239 |
Operating Segments | Electricity | Union Electric Company | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 53 | 55 |
Operating Segments | Electricity | Union Electric Company | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 60 | 98 |
Operating Segments | Electricity | Ameren Illinois Electric Distribution | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 390 | 387 |
Operating Segments | Electricity | Ameren Illinois Electric Distribution | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 220 | 217 |
Operating Segments | Electricity | Ameren Illinois Electric Distribution | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 126 | 123 |
Operating Segments | Electricity | Ameren Illinois Electric Distribution | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 35 | 34 |
Operating Segments | Electricity | Ameren Illinois Electric Distribution | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 9 | 13 |
Operating Segments | Electricity | Ameren Illinois Natural Gas | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Electricity | Ameren Illinois Natural Gas | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Electricity | Ameren Illinois Natural Gas | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Electricity | Ameren Illinois Natural Gas | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Electricity | Ameren Illinois Natural Gas | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Electricity | Ameren Transmission | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 123 | 114 |
Operating Segments | Electricity | Ameren Transmission | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Electricity | Ameren Transmission | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Electricity | Ameren Transmission | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Electricity | Ameren Transmission | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 123 | 114 |
Operating Segments | Natural Gas | Union Electric Company | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 49 | 54 |
Operating Segments | Natural Gas | Union Electric Company | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 33 | 38 |
Operating Segments | Natural Gas | Union Electric Company | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 13 | 16 |
Operating Segments | Natural Gas | Union Electric Company | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 1 | 2 |
Operating Segments | Natural Gas | Union Electric Company | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 2 | (2) |
Operating Segments | Natural Gas | Ameren Illinois Electric Distribution | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Natural Gas | Ameren Illinois Electric Distribution | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Natural Gas | Ameren Illinois Electric Distribution | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Natural Gas | Ameren Illinois Electric Distribution | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Natural Gas | Ameren Illinois Electric Distribution | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Natural Gas | Ameren Illinois Natural Gas | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 271 | 320 |
Operating Segments | Natural Gas | Ameren Illinois Natural Gas | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 213 | 246 |
Operating Segments | Natural Gas | Ameren Illinois Natural Gas | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 54 | 65 |
Operating Segments | Natural Gas | Ameren Illinois Natural Gas | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 3 | 4 |
Operating Segments | Natural Gas | Ameren Illinois Natural Gas | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 1 | 5 |
Operating Segments | Natural Gas | Ameren Transmission | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Natural Gas | Ameren Transmission | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Natural Gas | Ameren Transmission | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Natural Gas | Ameren Transmission | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Natural Gas | Ameren Transmission | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Electric Distribution | ||
Disaggregation of Revenue [Line Items] | ||
Revenues from alternative revenue programs | 46 | 22 |
Other revenues not from contracts with customers | 1 | 3 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Natural Gas | ||
Disaggregation of Revenue [Line Items] | ||
Revenues from alternative revenue programs | 11 | (3) |
Other revenues not from contracts with customers | 1 | 1 |
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission | ||
Disaggregation of Revenue [Line Items] | ||
Revenues from alternative revenue programs | 10 | (5) |
Other revenues not from contracts with customers | 0 | 0 |
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 390 | 387 |
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 220 | 217 |
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 126 | 123 |
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 35 | 34 |
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 9 | 13 |
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Transmission | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 74 | 70 |
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Transmission | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Transmission | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Transmission | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Transmission | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 74 | 70 |
Operating Segments | Ameren Illinois Company | Natural Gas | Ameren Illinois Natural Gas | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 271 | 320 |
Operating Segments | Ameren Illinois Company | Natural Gas | Ameren Illinois Natural Gas | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 213 | 246 |
Operating Segments | Ameren Illinois Company | Natural Gas | Ameren Illinois Natural Gas | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 54 | 65 |
Operating Segments | Ameren Illinois Company | Natural Gas | Ameren Illinois Natural Gas | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 3 | 4 |
Operating Segments | Ameren Illinois Company | Natural Gas | Ameren Illinois Natural Gas | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 1 | 5 |
Intersegment Eliminations | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | (24) | (23) |
Intersegment Eliminations | Electricity | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | (24) | (23) |
Intersegment Eliminations | Electricity | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Electricity | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Electricity | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Electricity | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | (24) | (23) |
Intersegment Eliminations | Natural Gas | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Natural Gas | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Natural Gas | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Natural Gas | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Natural Gas | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Ameren Illinois Company | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | (12) | (15) |
Intersegment Eliminations | Ameren Illinois Company | Residential | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Ameren Illinois Company | Commercial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Ameren Illinois Company | Industrial | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | 0 | 0 |
Intersegment Eliminations | Ameren Illinois Company | Other | ||
Disaggregation of Revenue [Line Items] | ||
External Revenues | $ (12) | $ (15) |