June 23, 2017 7:49 PM ET

Electric Utilities

Company Overview of Union Electric Company

Company Overview

Union Electric Company, doing business as Ameren Missouri, operates as a rate-regulated electric generation, transmission, and distribution company in Missouri. It generates electricity through coal, nuclear, hydroelectric, methane gas, and solar energy sources. The company is also involved in the rate-regulated natural gas transmission and distribution business. It supplies electric services to 1.2 million customers and natural gas service to 0.1 million customers to a 24,000-square-mile area in central and eastern Missouri. The company was founded in 1881 and is based in St. Louis, Missouri. Union Electric Company is a subsidiary of Ameren Corporation.

1901 Chouteau Avenue

St. Louis, MO 63103

United States

Founded in 1881

3,707 Employees

Phone:

314-621-3222

Key Executives for Union Electric Company

Chairman, Chief Executive Officer and President
Age: 46
Chief Financial Officer, Executive Vice President and Director
Age: 49
Chairman of Ameren Corporation, CEO of Ameren Corporation and President of Ameren Corporation
Age: 54
Senior Vice President, General Counsel, Secretary and Director
Age: 58
Senior Vice President of Customer Operations and Director
Age: 51
Compensation as of Fiscal Year 2016.

Union Electric Company Key Developments

Ameren Missouri Sells $400 Million of Senior Notes Due June 15, 2027

Ameren Missouri sold $400 million of its 2.95% senior secured notes due June 15, 2027. Ameren Missouri, known legally as Union Electric Co., sold $400 million of its 2.95% senior secured notes due June 15, 2027. Interest is payable semiannually on June 15 and Dec. 15, starting Dec. 15. The Ameren Corp. subsidiary plans to use net proceeds of the offering, together with other available funds, to repay at maturity $425 million of its 6.40% senior secured notes due June 15. The offering is expected to close June 15.

Ameren Missouri Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2017

Ameren Missouri announced unaudited earnings results for the first quarter ended March 31, 2017. First quarter 2017 earnings were $5 million, compared to first quarter 2016 earnings of $14 million. The year-over-year earnings decrease reflected lower 2017 electric retail sales primarily driven by very mild winter temperatures, which reduced earnings by an estimated $9 million (and $18 million compared to normal temperatures), as well as higher depreciation expenses. These unfavorable factors were partially offset by lower other operations and maintenance expenses not subject to riders or regulatory tracking mechanisms.

Ameren Missouri Proposes Plan for Solar Panels At Lambert Airport

Ameren Missouri is taking off on a forward-thinking plan to increase the amount of solar energy available to customers. The company announced plans for a new solar generation facility to be built at St. Louis Lambert International Airport. Energy produced there would be available for its customers through the Community Solar Program. The plan calls for Ameren Missouri, a subsidiary of Ameren Corporation, to build up to a one megawatt facility at Lambert. Once the plan is approved by city officials and state regulators, Ameren Missouri customers can sign-up for blocks of solar generated energy. The airport is an ideal location for solar panels. There is an abundance of open land that would otherwise go unused. Panels would be positioned away from runways and out of the line-of-sight of pilots taking off or coming in for a landing.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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