Ameren Announces Third Quarter 2012 Results
St. Louis, MO, November 9, 2012 - Ameren Corporation (NYSE: AEE) announced third quarter 2012 net income in accordance with generally accepted accounting principles (GAAP) of $374 million, or $1.54 per share, compared to third quarter 2011 GAAP net income of $285 million, or $1.18 per share. Excluding certain items discussed below, Ameren recorded third quarter 2012 core (non-GAAP) net income of $323 million, or $1.33 per share, compared to third quarter 2011 core (non-GAAP) net income of $381 million, or $1.57 per share.
The decrease in third quarter 2012 core (non-GAAP) earnings, compared to third quarter 2011 core (non-GAAP) earnings, reflected a decline in earnings of each of Ameren's three business segments. Ameren Illinois' earnings were negatively impacted by its Sept. 2012 rate order for electric delivery service and a change in the quarterly distribution of revenues and earnings resulting from formula ratemaking. In addition, Ameren Missouri core (non-GAAP) earnings declined due to lower electric sales and a higher effective income tax rate partially offset by the benefit of a 2011 electric rate adjustment. Third quarter 2012 temperatures, while warmer-than-normal, were similar to those experienced in the third quarter of 2011. Merchant generation segment core (non-GAAP) earnings also declined, compared to the third quarter of 2011, reflecting lower power prices and higher fuel costs.
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For More Information Contact
Brian Bretsch
Media
+1-314-554-4135
bbretsch@ameren.com
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Doug Fischer
Analysts
+1-314-554-4859
dfischer@ameren.com
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