AMEREN ILLINOIS CO, 10-K filed on 2/26/2019
Annual Report
v3.10.0.1
Document And Entity Information - USD ($)
12 Months Ended
Dec. 31, 2018
Jan. 31, 2019
Jun. 30, 2018
Entity Registrant Name AMEREN CORP    
Entity Central Index Key 0001002910    
Current Fiscal Year End Date --12-31    
Document Type 10-K    
Document Period End Date Dec. 31, 2018    
Document Fiscal Year Focus 2018    
Document Fiscal Period Focus FY    
Amendment Flag false    
Trading Symbol AEE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Filer Category Large Accelerated Filer    
Entity Emerging Growth Company false    
Entity Small Business false    
Entity Shell Company false    
Entity Public Float     $ 14,783,320,074
Entity Common Stock, Shares Outstanding   244,638,879  
Union Electric Company      
Entity Registrant Name UNION ELECTRIC CO    
Entity Central Index Key 0000100826    
Current Fiscal Year End Date --12-31    
Document Type 10-K    
Document Period End Date Dec. 31, 2018    
Document Fiscal Year Focus 2018    
Document Fiscal Period Focus FY    
Amendment Flag false    
Trading Symbol AEE    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Filer Category Non-accelerated Filer    
Entity Emerging Growth Company false    
Entity Small Business false    
Entity Shell Company false    
Entity Common Stock, Shares Outstanding   102,123,834  
Ameren Illinois Company      
Entity Registrant Name Ameren Illinois Co    
Entity Central Index Key 0000018654    
Current Fiscal Year End Date --12-31    
Document Type 10-K    
Document Period End Date Dec. 31, 2018    
Document Fiscal Year Focus 2018    
Document Fiscal Period Focus FY    
Amendment Flag false    
Trading Symbol AEE    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Filer Category Non-accelerated Filer    
Entity Emerging Growth Company false    
Entity Small Business false    
Entity Shell Company false    
Entity Common Stock, Shares Outstanding   25,452,373  
v3.10.0.1
Consolidated Statement Of Income (Loss) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Revenues:      
Revenue from Contract with Customer, Including Assessed Tax $ 6,291 $ 6,174 $ 6,076
Operating Expenses:      
Fuel 769 737 745
Purchased Power 581 638 623
Natural gas purchased for resale 374 311 341
Other operations and maintenance 1,772 1,705 1,733
Depreciation and amortization 955 896 845
Taxes other than income taxes 483 477 467
Total operating expenses 4,934 4,764 4,754
Operating Income 1,357 1,410 1,322
Other Nonoperating Income (Expense) 102 86 101
Interest charges 401 391 382
Income Before Income Taxes 1,058 1,105 1,041
Income taxes 237 576 382
Net Income 821 529 659
Net Income (Loss) Attributable to Noncontrolling Interest 6 6 6
Net Income (Loss) Available to Common Stockholders, Basic 815 523 653
Pension and other postretirement activity, net of income taxes (benefit) (4) 5 (20)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 817 534 639
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 6 6 6
Comprehensive Income $ 811 $ 528 $ 633
Earnings per Common Share – Basic:      
Earnings per Common Share – Basic (in dollars per share) $ 3.34 $ 2.16 $ 2.69
Earnings per Common Share – Diluted:      
Earnings per Common Share – Diluted (in dollars per share) $ 3.32 $ 2.14 $ 2.68
Average Common Shares Outstanding - Basic (in shares) 243.8 242.6 242.6
Average Common Shares Outstanding - Diluted (in shares) 245.8 244.2 243.4
Union Electric Company      
Operating Revenues:      
Revenue from Contract with Customer, Including Assessed Tax $ 3,589 $ 3,537 $ 3,524
Operating Expenses:      
Fuel 769 737 745
Purchased Power 164 245 254
Natural gas purchased for resale 56 47 49
Other operations and maintenance 972 925 912
Depreciation and amortization 550 533 514
Taxes other than income taxes 329 328 325
Total operating expenses 2,840 2,815 2,799
Operating Income 749 722 725
Other Nonoperating Income (Expense) 56 65 62
Interest charges 200 207 211
Income Before Income Taxes 605 580 576
Income taxes 124 254 216
Net Income 481 326 360
Preferred Stock Dividends 3 3 3
Earnings per Common Share – Diluted:      
Net Income (Loss) Attributable to Parent 478 323 357
Ameren Illinois Company      
Operating Revenues:      
Revenue from Contract with Customer, Including Assessed Tax 2,576 2,527 2,489
Operating Expenses:      
Purchased Power 429 417 399
Natural gas purchased for resale 318 264 292
Other operations and maintenance 799 799 828
Depreciation and amortization 374 341 319
Taxes other than income taxes 144 137 132
Total operating expenses 2,064 1,958 1,970
Operating Income 512 569 519
Other Nonoperating Income (Expense) 42 12 34
Interest charges 149 144 140
Income Before Income Taxes 405 437 413
Income taxes 98 166 158
Net Income 307 271 255
Pension and other postretirement activity, net of income taxes (benefit) 0 0 (5)
Comprehensive Income 307 271 250
Preferred Stock Dividends 3 3 3
Earnings per Common Share – Diluted:      
Net Income (Loss) Attributable to Parent 304 268 252
Electricity      
Operating Revenues:      
Revenue from Contract with Customer, Including Assessed Tax 5,339 5,307 5,196
Electricity | Union Electric Company      
Operating Revenues:      
Revenue from Contract with Customer, Including Assessed Tax 3,451 3,411 3,396
Electricity | Ameren Illinois Company      
Operating Revenues:      
Revenue from Contract with Customer, Including Assessed Tax 1,761 1,784 1,735
Natural gas      
Operating Revenues:      
Revenue from Contract with Customer, Including Assessed Tax 952 867 880
Natural gas | Union Electric Company      
Operating Revenues:      
Revenue from Contract with Customer, Including Assessed Tax 138 126 128
Natural gas | Ameren Illinois Company      
Operating Revenues:      
Revenue from Contract with Customer, Including Assessed Tax $ 815 $ 743 $ 754
v3.10.0.1
Consolidated Statement Of Income (Loss) (Parenthetical) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Pension and other postretirement activity, tax (benefit) $ (1) $ 3 $ (7)
Ameren Illinois Company      
Pension and other postretirement activity, tax (benefit) $ 0 $ 0 $ (1)
v3.10.0.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and Cash Equivalents, at Carrying Value $ 16 $ 10
Accounts receivable - trade (less allowance for doubtful accounts) 463 445
Unbilled revenue 295 323
Miscellaneous accounts and notes receivable 79 70
Inventories 483 522
Current regulatory assets 134 144
Other current assets 63 98
Total current assets 1,533 1,612
Property, Plant and Equipment, Net 22,810 21,466
Investments and Other Assets:    
Nuclear decommissioning trust fund 684 704
Goodwill 411 411
Regulatory Assets, Noncurrent 1,127 1,230
Other assets 650 522
Total investments and other assets 2,872 2,867
TOTAL ASSETS 27,215 25,945
Current Liabilities:    
Current maturities of long-term debt 580 841
Short-term debt 597 484
Accounts and wages payable 817 902
Taxes accrued 53 52
Interest accrued 93 99
Customer deposits 116 108
Current regulatory liabilities 149 128
Other current liabilities 282 326
Total current liabilities 2,687 2,940
Long-term Debt, Net 7,859 7,094
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes, net 2,623 2,506
Accumulated deferred investment tax credits 43 49
Regulatory Liability, Noncurrent 4,637 4,387
Asset retirement obligations 627 638
Pension and other postretirement benefits 558 545
Other deferred credits and liabilities 408 460
Total deferred credits and other liabilities 8,896 8,585
Commitments and Contingencies (Notes 2, 9, and 14)
Stockholders' Equity:    
Common stock 2 2
Other paid-in capital, principally premium on common stock 5,627 5,540
Retained earnings 2,024 1,660
Accumulated other comprehensive loss (22) (18)
Total stockholders' equity 7,631 7,184
Stockholders' Equity Attributable to Noncontrolling Interest 142 142
Total equity 7,773 7,326
TOTAL LIABILITIES AND EQUITY 27,215 25,945
Union Electric Company    
Current Assets:    
Cash and Cash Equivalents, at Carrying Value 0 0
Accounts receivable - trade (less allowance for doubtful accounts) 223 200
Accounts Receivable, Related Parties, Current 14 11
Unbilled revenue 155 165
Miscellaneous accounts and notes receivable 42 35
Inventories 358 388
Current regulatory assets 14 56
Other current assets 26 50
Total current assets 832 905
Property, Plant and Equipment, Net 12,103 11,751
Investments and Other Assets:    
Nuclear decommissioning trust fund 684 704
Regulatory Assets, Noncurrent 366 395
Other assets 306 288
Total investments and other assets 1,356 1,387
TOTAL ASSETS 14,291 14,043
Current Liabilities:    
Current maturities of long-term debt 580 384
Short-term debt 55 39
Accounts and wages payable 428 475
Accounts Payable, Related Parties, Current 69 60
Taxes accrued 27 30
Interest accrued 52 54
Current regulatory liabilities 68 19
Other current liabilities 123 103
Total current liabilities 1,402 1,164
Long-term Debt, Net 3,418 3,577
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes, net 1,534 1,650
Accumulated deferred investment tax credits 42 48
Regulatory Liability, Noncurrent 2,799 2,664
Asset retirement obligations 623 634
Pension and other postretirement benefits 228 213
Other deferred credits and liabilities 16 12
Total deferred credits and other liabilities 5,242 5,221
Commitments and Contingencies (Notes 2, 9, and 14)
Stockholders' Equity:    
Common stock 511 511
Other paid-in capital, principally premium on common stock 1,903 1,858
Preferred stock not subject to mandatory redemption (in shares) 80 80
Retained earnings 1,735 1,632
Total stockholders' equity 4,229 4,081
TOTAL LIABILITIES AND EQUITY 14,291 14,043
Ameren Illinois Company    
Current Assets:    
Cash and Cash Equivalents, at Carrying Value 0 0
Accounts receivable - trade (less allowance for doubtful accounts) 224 234
Accounts Receivable, Related Parties, Current 21 9
Unbilled revenue 140 158
Miscellaneous accounts and notes receivable 40 35
Inventories 125 134
Current regulatory assets 110 87
Other current assets 16 15
Total current assets 676 672
Property, Plant and Equipment, Net 9,198 8,293
Investments and Other Assets:    
Goodwill 411 411
Regulatory Assets, Noncurrent 759 822
Other assets 275 147
Total investments and other assets 1,445 1,380
TOTAL ASSETS 11,319 10,345
Current Liabilities:    
Current maturities of long-term debt 0 457
Short-term debt 72 62
Accounts and wages payable 302 337
Accounts Payable, Related Parties, Current 58 70
Taxes accrued 23 19
Interest accrued 31 33
Customer deposits 76 69
Environmental remediation 42 42
Current regulatory liabilities 62 92
Other current liabilities 130 177
Total current liabilities 796 1,358
Long-term Debt, Net 3,296 2,373
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes, net 1,119 1,021
Regulatory Liability, Noncurrent 1,741 1,629
Pension and other postretirement benefits 280 285
Accrued Environmental Loss Contingencies, Noncurrent 109 134
Other deferred credits and liabilities 204 235
Total deferred credits and other liabilities 3,453 3,304
Commitments and Contingencies (Notes 2, 9, and 14)
Stockholders' Equity:    
Common stock 0 0
Other paid-in capital, principally premium on common stock 2,173 2,013
Preferred stock not subject to mandatory redemption (in shares) 62 62
Retained earnings 1,539 1,235
Total stockholders' equity 3,774 3,310
TOTAL LIABILITIES AND EQUITY $ 11,319 $ 10,345
v3.10.0.1
Consolidated Balance Sheet (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Accounts receivable - trade, allowance for doubtful accounts $ 18 $ 19
Common Stock, Par or Stated Value Per Share (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 400,000,000 400,000,000
Common Stock, Shares, Outstanding 244,500,000 242,600,000
Union Electric Company    
Accounts receivable - trade, allowance for doubtful accounts $ 7 $ 7
Common Stock, Par or Stated Value Per Share (in dollars per share) $ 5 $ 5
Common stock, shares authorized 150,000,000.0 150,000,000.0
Common Stock, Shares, Outstanding 102,100,000 102,100,000
Ameren Illinois Company    
Accounts receivable - trade, allowance for doubtful accounts $ 11 $ 12
Common Stock, No Par Value (in dollars per share) $ 0 $ 0
Common stock, shares authorized 45,000,000 45,000,000
Common Stock, Shares, Outstanding 25,500,000 25,500,000
v3.10.0.1
Consolidated Statement Of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Cash Flows From Operating Activities:      
Net income $ 821 $ 529 $ 659
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 938 876 835
Amortization of nuclear fuel 95 76 88
Amortization of debt issuance costs and premium/discounts 20 22 22
Deferred income taxes and investment tax credits, net 224 539 386
Allowance for equity funds used during construction (36) (24) (27)
Share-based Compensation 20 17 17
Other 44 (10) 4
Changes in assets and liabilities:      
Receivables (24) (53) (71)
Inventories 39 17 11
Accounts and wages payable (22) 32 19
Taxes accrued (10) 55 13
Regulatory assets and liabilities 201 36 215
Assets, other 2 34 (21)
Liabilities, other (117) (7) (17)
Pension and other postretirement benefits (25) (21) (16)
Net cash provided by operating activities 2,170 2,118 2,117
Cash Flows From Investing Activities:      
Capital expenditures (2,286) (2,132) (2,076)
Nuclear fuel expenditures (52) (63) (55)
Purchases of securities - nuclear decommissioning trust fund (315) (321) (322)
Sales and maturities of securities - nuclear decommissioning trust fund 299 305 304
Other 18 7 (9)
Net cash used in investing activities (2,336) (2,204) (2,158)
Cash Flows From Financing Activities:      
Dividends on common stock (451) (431) (416)
Dividends paid to noncontrolling interest holders (6) (6) (6)
Short-term debt, net 112 (74) 257
Maturities, redemptions, and repurchases of long-term debt (841) (681) (395)
Issuances of Long-term debt 1,352 1,345 396
Proceeds from Issuance of Common Stock 74 0 0
Capital issuance costs (14) (11) (9)
Payments for Repurchase of Common Stock 0 (24) (51)
Share-based payments (19) (15) (32)
Other (2) (1) (2)
Net cash provided by (used in) financing activities 205 102 (258)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 39 16 (299)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107 68 52
Stock Issued 35    
Cash Paid (Refunded) During the Year:      
Interest net of capitalized 387 370 358
Income taxes, net 21 (19) (12)
Union Electric Company      
Cash Flows From Operating Activities:      
Net income 481 326 360
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 533 514 506
Amortization of nuclear fuel 95 76 88
Amortization of debt issuance costs and premium/discounts 6 6 6
Deferred income taxes and investment tax credits, net (9) 82 179
Allowance for equity funds used during construction (27) (21) (23)
Other 17 4 5
Changes in assets and liabilities:      
Receivables (32) (46) 5
Inventories 30 18 (4)
Accounts and wages payable (21) 27 (18)
Taxes accrued (1) (1) 11
Regulatory assets and liabilities 201 26 84
Assets, other 2 31 (25)
Liabilities, other (13) (23) (1)
Pension and other postretirement benefits (2) (2) (4)
Net cash provided by operating activities 1,260 1,017 1,169
Cash Flows From Investing Activities:      
Capital expenditures (914) (773) (738)
Nuclear fuel expenditures (52) (63) (55)
Purchases of securities - nuclear decommissioning trust fund (315) (321) (322)
Sales and maturities of securities - nuclear decommissioning trust fund 299 305 304
Money pool advances, net   161 (125)
Other 6 7 (1)
Net cash used in investing activities (976) (684) (937)
Cash Flows From Financing Activities:      
Dividends on common stock (375) (362) (355)
Dividends on preferred stock (3) (3) (3)
Short-term debt, net 16 39  
Maturities, redemptions, and repurchases of long-term debt (384) (431) (266)
Issuances of Long-term debt 423 399 149
Capital issuance costs (5) (3) (3)
Proceeds from Contributions from Parent 45 30 44
Net cash provided by (used in) financing activities (283) (331) (434)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 1 2 (202)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 8 7 5
Cash Paid (Refunded) During the Year:      
Interest net of capitalized 196 202 209
Income taxes, net 128 178 27
Ameren Illinois Company      
Cash Flows From Operating Activities:      
Net income 307 271 255
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 375 341 318
Amortization of debt issuance costs and premium/discounts 13 13 14
Deferred income taxes and investment tax credits, net 88 171 154
Allowance for equity funds used during construction (9) (3) (4)
Other 11 0 (1)
Changes in assets and liabilities:      
Receivables 0 (7) (72)
Inventories 8 (1) 15
Accounts and wages payable (13) 19 12
Taxes accrued (13) 18 1
Regulatory assets and liabilities 1 16 120
Assets, other (1) (2) (3)
Liabilities, other (92) 3 (9)
Pension and other postretirement benefits (25) (14) (8)
Net cash provided by operating activities 659 828 796
Cash Flows From Investing Activities:      
Capital expenditures (1,258) (1,076) (924)
Other 10 6 6
Net cash used in investing activities (1,248) (1,070) (918)
Cash Flows From Financing Activities:      
Dividends on common stock 0 0 (110)
Dividends on preferred stock (3) (3) (3)
Short-term debt, net 10 11 51
Maturities, redemptions, and repurchases of long-term debt (457) (250) (129)
Issuances of Long-term debt 929 496 247
Capital issuance costs (9) (6) (4)
Proceeds from Contributions from Parent 160 8 0
Other (2) (1) (1)
Net cash provided by (used in) financing activities 628 255 51
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 39 13 (71)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 80 41 28
Cash Paid (Refunded) During the Year:      
Interest net of capitalized 144 139 127
Income taxes, net $ 28 $ (22) $ 8
v3.10.0.1
Consolidated Statement Of Cash Flows (Parenthetical) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Paid, Capitalized, Investing Activities $ 21 $ 14 $ 15
Union Electric Company      
Interest Paid, Capitalized, Investing Activities 14 10 12
Ameren Illinois Company      
Interest Paid, Capitalized, Investing Activities $ 7 $ 4 $ 3
v3.10.0.1
Consolidated Statement Of Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Other Paid-In Capital
Retained Earnings
Deferred Retirement Benefit Costs
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Total Ameren Corporation Stockholders' Equity
Union Electric Company
Union Electric Company
Common Stock
Union Electric Company
Other Paid-In Capital
Union Electric Company
Preferred Stock Not Subject To Mandatory Redemption
Union Electric Company
Retained Earnings
Ameren Illinois Company
Ameren Illinois Company
Common Stock
Ameren Illinois Company
Other Paid-In Capital
Ameren Illinois Company
Preferred Stock Not Subject To Mandatory Redemption
Ameren Illinois Company
Retained Earnings
Ameren Illinois Company
Deferred Retirement Benefit Costs
Ameren Illinois Company
Accumulated Other Comprehensive Income (Loss)
Beginning of year at Dec. 31, 2015     $ 5,616 $ 1,331 $ (3)   $ 142       $ 1,822   $ 1,669     $ 2,005   $ 825 $ 5  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Stock Issued During Period, Value, New Issues     0                                  
Stock-based compensation activity     (60)                                  
Proceeds from Contributions from Parent                 $ 44   6     $ 0   0        
Net income $ 659               360       360 255       255    
Net Income (Loss) Available to Common Stockholders, Basic 653     653                                
Common stock dividends       (416)                 (355)         (110)    
Preferred stock dividends                         (3)         (3)    
Change in deferred retirement benefit costs 20       (20)                 5           $ (5)
Net income attributable to noncontrolling interest holder $ 6           6                          
Dividends paid to noncontrolling interest holders             (6)                          
Beginning of year (shares) at Dec. 31, 2015 242.6                                      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Stock Issued During Period, Shares, New Issues 0.0                                      
Stock Issued During Period, Shares, Other 0.0                                      
End of year (shares) at Dec. 31, 2016 242.6                                      
End of year at Dec. 31, 2016 $ 7,245 $ 2 5,556 1,568 (23) $ (23) 142     $ 511 1,828 $ 80 1,671   $ 0 2,005 $ 62 967 0 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Common Stock, Dividends, Per Share, Cash Paid $ 1.715                                      
Stockholders' equity, end of year at Dec. 31, 2016               $ 7,103 4,090         3,034            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Stock Issued During Period, Value, New Issues     0                                  
Stock-based compensation activity     (16)                                  
Proceeds from Contributions from Parent                 30   30     8   8        
Net income $ 529               $ 326       326 271       271    
Net Income (Loss) Available to Common Stockholders, Basic 523     523                                
Common stock dividends       (431)                 (362)         0    
Preferred stock dividends                         (3)         (3)    
Change in deferred retirement benefit costs (5)       5                 $ 0           0
Net income attributable to noncontrolling interest holder $ 6           6                          
Dividends paid to noncontrolling interest holders             (6)                          
Stock Issued During Period, Shares, New Issues 0.0                                      
Stock Issued During Period, Shares, Other 0.0                                      
End of year (shares) at Dec. 31, 2017 242.6               102.1         25.5            
End of year at Dec. 31, 2017 $ 7,326 2 5,540 1,660 (18) (18) 142     511 1,858 80 1,632   0 2,013 62 1,235 0 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Common Stock, Dividends, Per Share, Cash Paid $ 1.7775                                      
Stockholders' equity, end of year at Dec. 31, 2017 $ 7,184             7,184 $ 4,081         $ 3,310            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Stock Issued During Period, Value, New Issues     74                                  
Stock-based compensation activity     13                                  
Proceeds from Contributions from Parent                 45   45     160   160        
Net income 821               $ 481       481 307       307    
Net Income (Loss) Available to Common Stockholders, Basic 815     815                                
Common stock dividends       (451)                 (375)         0    
Preferred stock dividends                         (3)         (3)    
Change in deferred retirement benefit costs 4       (4)                 $ 0           0
Net income attributable to noncontrolling interest holder $ 6           6                          
Dividends paid to noncontrolling interest holders             (6)                          
Stock Issued During Period, Shares, New Issues 1.2                                      
Stock Issued During Period, Shares, Other 0.7                                      
End of year (shares) at Dec. 31, 2018 244.5               102.1         25.5            
End of year at Dec. 31, 2018 $ 7,773 $ 2 $ 5,627 $ 2,024 $ (22) $ (22) $ 142     $ 511 $ 1,903 $ 80 $ 1,735   $ 0 $ 2,173 $ 62 $ 1,539 $ 0 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Common Stock, Dividends, Per Share, Cash Paid $ 1.8475                                      
Stockholders' equity, end of year at Dec. 31, 2018 $ 7,631             $ 7,631 $ 4,229         $ 3,774            
v3.10.0.1
Summary Of Significant Accounting Policies
12 Months Ended
Dec. 31, 2018
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 also 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 Missouri was incorporated in Missouri in 1922 and is successor to a number of companies, the oldest of which was organized in 1881. It is the largest electric utility in the state of Missouri. It supplies electric and natural gas service to a 24,000-square-mile area in central and eastern Missouri, which includes the Greater St. Louis area. Ameren Missouri supplies electric service to 1.2 million customers and natural gas service to 0.1 million customers.
Ameren Illinois Company, doing business as Ameren Illinois, operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois. Ameren Illinois was incorporated in Illinois in 1923 and is the successor to a number of companies, the oldest of which was organized in 1902. Ameren Illinois supplies electric and natural gas utility service to a 40,000 square mile area in central and southern Illinois. Ameren Illinois supplies electric service to 1.2 million customers and natural gas service to 0.8 million customers.
Ameren Transmission Company of Illinois, doing business as ATXI, operates a FERC rate-regulated electric transmission business. ATXI was incorporated in Illinois in 2006. ATXI is constructing MISO-approved electric transmission projects, including the Illinois Rivers and Mark Twain projects, and operates the Spoon River project, which was placed in service in February 2018. Ameren also evaluates competitive electric transmission investment opportunities as they arise.
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 presentation 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.
Regulation
We are regulated by the MoPSC, the ICC, and the FERC. We defer certain costs as assets pursuant to actions of rate regulators or because of expectations that we will be able to recover such costs in future rates charged to customers. We also defer certain amounts as liabilities pursuant to actions of rate regulators or based on the expectation that such amounts will be returned to customers in future rates. Regulatory assets and liabilities are amortized consistent with the period of expected regulatory treatment. Ameren Missouri and Ameren Illinois have various rate-adjustment mechanisms in place that provide for the recovery of purchased natural gas and electric fuel and purchased power costs without a traditional regulatory rate review.
In Ameren Missouri’s and Ameren Illinois’ natural gas businesses, changes in natural gas costs are reflected in billings to their respective customers through PGA clauses. The difference between actual natural gas costs and costs billed to customers in a given period is deferred as a regulatory asset or liability. The deferred amount is either billed or refunded to customers in a subsequent period.
Ameren Missouri has a FAC that allows an adjustment of electric rates three times per year, without a traditional rate proceeding, for a pass-through to customers of 95% of the variance in net energy costs from the amount set in base rates, subject to MoPSC prudence review. The difference between the actual amounts incurred for these items and the amounts recovered from Ameren Missouri customers’ base rates is deferred as a regulatory asset or liability. The deferred amounts are either billed or refunded to customers in a subsequent period.
In Ameren Illinois’ electric distribution business, changes in purchased power and transmission service costs are reflected in billings to its customers through pass-through rate-adjustment clauses. The difference between actual purchased power and transmission service costs and costs billed to customers in a given period is deferred as a regulatory asset or liability. The deferred amount is either billed or refunded to customers in a subsequent period.
In addition to the rate-adjustment mechanisms discussed above, Ameren Missouri and Ameren Illinois have approvals from rate regulators to use other cost recovery mechanisms. Ameren Missouri has a pension and postretirement benefit cost tracker, an uncertain tax position tracker, a tracker on certain excess deferred taxes, a renewable energy standards cost tracker, a solar rebate program tracker, PISA, and a RESRAM. Ameren Illinois’ and ATXI’s electric transmission rates are determined pursuant to formula ratemaking. Ameren Illinois participates in performance-based formula ratemaking for its electric distribution business and its electric energy-efficiency investments. Ameren Illinois also has environmental cost riders, an asbestos-related litigation rider, a natural gas energy-efficiency rider, a QIP rider, a VBA rider, a bad debt rider, and cost recovery mechanisms for renewable energy credits and zero emission credits. See Note 2 – Rate and Regulatory Matters for additional information on the regulatory assets and liabilities recorded at December 31, 2018 and 2017.
Ameren, Ameren Missouri, and Ameren Illinois continually assess the recoverability of their regulatory assets. Regulatory assets are charged to earnings when it is no longer probable that such amounts will be recovered through future revenues. To the extent that reductions in customers rates or refunds to customers related to regulatory liabilities are no longer probable, the amounts are credited to earnings.
Cash, Cash Equivalents, and Restricted Cash
Cash and cash equivalents include short-term, highly liquid investments purchased with an original maturity of three months or less. Cash and cash equivalents subject to legal or contractual restrictions and not readily available for use for general corporate purposes are classified as restricted cash.
In November 2016, the FASB issued authoritative guidance that requires, including on a retrospective basis, restricted cash to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. Our adoption of this guidance, effective January 2018, did not result in material changes to previously reported cash flows from operating, investing, or financing activities. The changes in our restricted cash balances during the year ended December 31, 2018, were primarily reflected as increases in cash provided by operating activities as a result of our adoption of this guidance.
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets as of December 31, 2018 and 2017:
 
December 31, 2018
 
December 31, 2017
Ameren
Ameren
Missouri
Ameren
Illinois
Ameren
Ameren
Missouri
Ameren
Illinois
Cash and cash equivalents
$
16

$

$

 
$
10

$

$

Restricted cash included in “Other current assets”
13

4

6

 
21

5

6

Restricted cash included in “Other assets”
74


74

 
35


35

Restricted cash included in “Nuclear decommissioning trust fund”
4

4


 
2

2


Total cash, cash equivalents, and restricted cash
$
107

$
8

$
80

 
$
68

$
7

$
41

Restricted cash included in Ameren’s other current assets primarily represents participant funds from Ameren (parent)’s DRPlus and funds held by an irrevocable Voluntary Employee Beneficiary Association (VEBA) trust, which provides health care benefits for active employees. Restricted cash included in Ameren Missouri’s and Ameren Illinois’ other current assets primarily represents funds held by the VEBA trust.
Restricted cash included in Ameren’s and Ameren Illinois’ other assets primarily represents amounts in a trust fund restricted for the use of funding certain asbestos-related claims and amounts collected under a cost recovery rider that are restricted for use in the procurement of renewable energy credits.
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 December 31, 2018 and 2017, “Other current liabilities” on Ameren’s and Ameren Illinois’ balance sheets included payables for purchased receivables of $33 million and $31 million, respectively.
For the years ended December 31, 2018, 2017, and 2016 the Ameren Companies recorded immaterial bad debt expense.
Allowance for Doubtful Accounts Receivable
The allowance for doubtful accounts represents our estimate of existing accounts receivable that will ultimately be uncollectible. The allowance is calculated by applying estimated loss factors to various classes of outstanding receivables, including unbilled revenue. The loss factors used to estimate uncollectible accounts are based upon both historical collections experience and management’s estimate of future collections success given the existing and anticipated future collections environment. Ameren Illinois has a bad debt rider that adjusts rates for net write-offs of customer accounts receivable above or below those being collected in rates.
Inventories
Inventories are recorded at the lower of weighted-average cost or net realizable value. Inventories are capitalized when purchased and then expensed as consumed or capitalized as property, plant, and equipment when installed, as appropriate. The following table presents a breakdown of inventories for each of the Ameren Companies at December 31, 2018 and 2017:
 
 
Ameren Missouri
 
Ameren Illinois
 
Ameren
2018
 
 
 
 
 
 
Fuel(a)
 
$
123

 
$

 
$
123

Natural gas stored underground
 
7

 
64

 
71

Materials, supplies, and other
 
228

 
61

 
289

Total inventories
 
$
358

 
$
125

 
$
483

2017
 
 
 
 
 
 
Fuel(a)
 
$
154

 
$

 
$
154

Natural gas stored underground
 
8

 
74

 
82

Materials, supplies, and other
 
226

 
60

 
286

Total inventories
 
$
388

 
$
134

 
$
522

(a)
Consists of coal, oil, and propane.
Property, Plant, and Equipment, Net
We capitalize the cost of additions to, and betterments of, units of property, plant, and equipment. The cost includes labor, material, applicable taxes, and overhead. An allowance for funds used during construction, as discussed below, is also capitalized as a cost of our rate-regulated assets. Maintenance expenditures, including nuclear refueling and maintenance outages, are expensed as incurred. When units of depreciable property are retired, the original costs, less salvage values, are charged to accumulated depreciation. If environmental expenditures are related to assets currently in use, as in the case of the installation of pollution control equipment, the cost is capitalized and depreciated over the expected life of the asset. See Asset Retirement Obligations section below and Note 3 – Property, Plant, and Equipment, Net for additional information.
Ameren Missouri’s cost of nuclear fuel is capitalized as a part of “Property, Plant, and Equipment, Net” on the balance sheet and then amortized to fuel expense on a unit-of-production basis. The cost is charged to “Operating Expenses – Fuel” in the statement of income.
Depreciation
Depreciation is provided over the estimated lives of the various classes of depreciable property by applying composite rates on a straight-line basis to the cost basis of such property. The provision for depreciation for the Ameren Companies in 2018, 2017, and 2016 ranged from 3% to 4% of the average depreciable cost. See Note 3 – Property, Plant, and Equipment, Net for additional information on estimated depreciable lives.
Allowance for Funds Used During Construction
We capitalize allowance for funds used during construction, or the cost of borrowed funds and the cost of equity funds (preferred and common shareholders’ equity) applicable to rate-regulated construction expenditures, in accordance with the utility industry’s accounting practice and GAAP. Allowance for funds used during construction does not represent a current source of cash funds. This accounting practice offsets the effect on earnings of the cost of financing during construction, and it treats such financing costs in the same manner as construction charges for labor and materials.
Under accepted ratemaking practice, cash recovery of allowance for funds used during construction and other construction costs occurs when completed projects are placed in service and reflected in customer rates. The following table presents the average allowance for funds used during construction debt and equity blended rates that were applied to construction projects in 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren Missouri
7
%
 
7
%
 
7
%
Ameren Illinois
5
%
 
4
%
 
5
%

Goodwill
Goodwill represents the excess of the purchase price of an acquisition over the fair value of the net assets acquired. Ameren and Ameren Illinois had goodwill of $411 million at December 31, 2018 and 2017. Ameren has four reporting units: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. Ameren Illinois has three reporting units: Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Illinois Transmission. Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Illinois Transmission had goodwill of $238 million, $80 million, and $93 million, respectively, at December 31, 2018 and 2017. The Ameren Transmission reporting unit had the same $93 million of goodwill as the Ameren Illinois Transmission reporting unit at December 31, 2018 and 2017.
Ameren and Ameren Illinois evaluate goodwill for impairment in each of their reporting units as of October 31 each year, or more frequently if events and circumstances change that would more likely than not reduce the fair value of their reporting units below their carrying amounts. To determine whether the fair value of a reporting unit is more likely than not greater than its carrying amount, Ameren and Ameren Illinois elect to perform either a qualitative assessment or to bypass the qualitative assessment and perform a quantitative test, on an annual basis.
Ameren and Ameren Illinois elected to perform a qualitative assessment for their annual goodwill impairment test conducted as of October 31, 2018. The results of Ameren’s and Ameren Illinois’ qualitative assessment indicated that it was more likely than not that the fair value of each reporting unit significantly exceeded its carrying value as of October 31, 2018, resulting in no impairment of Ameren’s or Ameren Illinois’ goodwill. The following factors, among others, were considered by Ameren and Ameren Illinois when they assessed whether it was more likely than not that the fair value of each of their reporting units exceeded its carrying value as of October 31, 2018:
macroeconomic conditions, including those conditions within Ameren Illinois’ service territory;
pending regulatory rate review outcomes and projections of future regulatory rate review outcomes;
changes in laws and potential law changes;
observable industry market multiples;
achievement of IEIMA and FEJA performance metrics and the yield of the 30-year United States Treasury bonds;
changes in the FERC-allowed return on equity with respect to transmission services; and
projected operating results and cash flows.
Impairment of Long-lived Assets
We evaluate long-lived assets classified as held and used for impairment when events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. Whether an impairment has occurred is determined by comparing the estimated undiscounted cash flows attributable to the assets to the carrying value of the assets. If the carrying value exceeds the undiscounted cash flows, we recognize an impairment charge equal to the amount by which the carrying value exceeds the estimated fair value of the assets. In the period in which we determine that an asset meets held for sale criteria, we record an impairment charge to the extent the book value exceeds its estimated fair value less cost to sell. We did not identify any events or changes in circumstances that indicated that the carrying value of long-lived assets may not be recoverable in 2018 and 2017.
Variable Interest Entities
As of December 31, 2018, 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 are not required to be consolidated. As of December 31, 2018, the maximum exposure to loss related to these variable interest entities was approximately $16 million, which represents the portion of interconnection study costs that may be incurred by Ameren and Ameren Missouri. 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 December 31, 2018 and 2017, Ameren also had investments in unconsolidated variable interest entities totaling $22 million and $17 million, respectively, included in “Other assets” on Ameren’s consolidated balance sheet. These investments are accounted for as equity method investments. Ameren is not the primary beneficiary of these variable interest entities because it does not have the power to direct matters that most significantly affect the entities' activities. As a result, these variable interest entities are not required to be consolidated. As of December 31, 2018, the maximum exposure to loss related to these variable interest entities is limited to the investment in these partnerships of $22 million plus associated outstanding funding commitments of $16 million.
Environmental Costs
Liabilities for environmental costs are recorded on an undiscounted basis when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Costs are expensed or deferred as a regulatory asset when it is expected that the costs will be recovered from customers in future rates.
Asset Retirement Obligations
We record the estimated fair value of legal obligations associated with the retirement of tangible long-lived assets in the period in which the liabilities are incurred and capitalize a corresponding amount as part of the book value of the related long-lived asset. In subsequent periods, we adjust AROs based on changes in the estimated fair values of the obligations with a corresponding increase or decrease in the asset book value. Asset book values, reflected within “Property, Plant, and Equipment, Net” on the balance sheet, are depreciated over the remaining useful life of the related asset. Due to regulatory recovery, that depreciation is deferred as a regulatory balance. The depreciation of the asset book values at Ameren Missouri was $14 million, $26 million, and $31 million for the years ended December 31, 2018, 2017, and 2016, respectively, which was deferred as a reduction to the net regulatory liability. The net regulatory liability also reflects deferrals of net realized and unrealized gains and losses within the nuclear decommissioning trust fund for the Callaway energy center. The depreciation deferred to the regulatory asset at Ameren Illinois was immaterial in each respective period. Uncertainties as to the probability, timing, or amount of cash expenditures associated with AROs affect our estimates of fair value. Ameren and Ameren Missouri have recorded AROs for retirement costs associated with Ameren Missouri’s Callaway energy center decommissioning, CCR facilities, and river structures. Also, Ameren, Ameren Missouri, and Ameren Illinois have recorded AROs for retirement costs associated with asbestos removal and the disposal of certain transformers. Asset removal costs that do not constitute legal obligations are classified as regulatory liabilities. See Note 2 – Rate and Regulatory Matters.
The following table provides a reconciliation of the beginning and ending carrying amount of AROs for the years ended December 31, 2018 and 2017:
 
Ameren
Missouri
 
Ameren
Illinois
 
Ameren
 
Balance at December 31, 2016
$
644

 
$
6

 
$
650

 
Liabilities settled
(12
)
 
(1
)
 
(13
)
 
Accretion(a)
26

 

 
26

 
Change in estimates(b)
(18
)
 
(1
)
 
(19
)
 
Balance at December 31, 2017
$
640

(c) 
$
4

(d) 
$
644

(c) 
Liabilities settled
(7
)
 

 
(7
)
 
Accretion(a)
27

 

 
27

 
Change in estimates(e)
(14
)
 

 
(14
)
 
Balance at December 31, 2018
$
646

(c) 
$
4

(d) 
$
650

(c) 

(a)
Ameren Missouri’s accretion expense was deferred as a decrease to regulatory liabilities.
(b)
Ameren Missouri changed its fair value estimate primarily because of an extension of the remediation period of certain CCR storage facilities, an update to the decommissioning of the Callaway energy center to reflect the cost study and funding analysis filed with the MoPSC in 2017, and an increase in the assumed discount rate.
(c)
Balance included $23 million and $6 million in “Other current liabilities” on the balance sheet as of December 31, 2018 and 2017, respectively.
(d)
Included in “Other deferred credits and liabilities” on the balance sheet.
(e)
Ameren Missouri changed its fair value estimate primarily due to a reduction in the cost estimate for closure of certain CCR storage facilities.
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 December 31, 2018, the cash surrender value of company-owned life insurance at Ameren and Ameren Illinois was $244 million (December 31, 2017 – $265 million) and $122 million (December 31, 2017 – $129 million), respectively, while total borrowings against the policies were $113 million (December 31, 2017 – $120 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.
Noncontrolling Interests
As of December 31, 2018 and 2017, Ameren’s noncontrolling interests included the preferred stock of Ameren Missouri and Ameren Illinois.
Operating Revenues
In the first quarter of 2018, we adopted authoritative accounting guidance related to revenue from contracts with customers using the full retrospective method, with no material changes to the amount or timing of revenue recognition. We record revenues from contracts with customers for various electric and natural gas services, which primarily consist of retail distribution, electric transmission, and off-system arrangements. When more than one performance obligation exists in a contract, the consideration under the contract is allocated to the performance obligations based on the relative standalone selling price.
Electric and natural gas retail distribution revenues are earned when the commodity is delivered to our customers. We accrue an estimate of electric and natural gas retail distribution revenues for service provided but unbilled at the end of each accounting period.
Electric transmission revenues are earned as electric transmission services are provided.
Off-system revenues are primarily comprised of MISO revenues and wholesale bilateral revenues. MISO revenues include the sale of electricity, capacity, and ancillary services. Wholesale bilateral revenues include the sale of electricity and capacity. MISO-related electricity and wholesale bilateral electricity revenues are earned as electricity is delivered. MISO-related capacity and ancillary service revenues and wholesale bilateral capacity revenues are earned as services are provided.
Retail distribution, electric transmission, and off-system revenues, including the underlying components described above, represent a series of goods or services that are substantially the same and have the same pattern of transfer over time to our customers. Revenues from contracts with customers are equal to the amounts billed and our estimate of electric and natural gas retail distribution services provided but unbilled at the end of each accounting period. Revenues are billed at least monthly, and payments are due less than one month after goods and/or services are provided. See Note 15 – Segment Information for disaggregated revenue information.
For certain regulatory recovery mechanisms that are alternative revenue programs rather than revenues from contracts with customers, we recognize revenues that have been authorized for rate recovery, are objectively determinable and probable of recovery, and are expected to be collected from customers within two years from the end of the year. Our alternative revenue programs include revenue requirement reconciliations, MEEIA, and VBA. These revenues are subsequently recognized as revenues from contracts with customers when billed, with an offset to alternative revenue program revenues.
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. As of December 31, 2018 and 2017, our remaining performance obligations were immaterial.
Accounting for MISO Transactions
MISO-related purchase and sale transactions are recorded by Ameren, Ameren Missouri, and Ameren Illinois using settlement information provided by MISO. Ameren Missouri records these purchase and sale transactions on a net hourly position. Ameren Missouri records net purchases in a single hour in “Operating Expenses – Purchased power” and net sales in a single hour in “Operating Revenues – Electric” in its statement of income. Ameren Illinois records net purchases in “Operating Expenses – Purchased power” in its statement of income to reflect all of its MISO transactions relating to the procurement of power for its customers. On occasion, Ameren Missouri’s and Ameren Illinois’ prior-period transactions will be resettled outside the routine settlement process because of a change in MISO’s tariff or a material interpretation thereof. In these cases, Ameren Missouri and Ameren Illinois recognize expenses associated with resettlements once the resettlement is probable and the resettlement amount can be estimated. Revenues are recognized once the resettlement amount is received. There were no material MISO resettlements in 2018, 2017, or 2016.
Stock-based Compensation
Stock-based compensation cost is measured at the grant date based on the fair value of the award, net of an assumed forfeiture rate. Ameren recognizes as compensation expense the estimated fair value of stock-based compensation on a straight-line basis over the requisite vesting period. See Note 11 – Stock-based Compensation for additional information.
Deferred Compensation
As of December 31, 2018, and 2017, “Other deferred credits and liabilities” on Ameren’s balance sheet included deferred compensation obligations of $80 million and $86 million, respectively, recorded at the present value of future benefits to be paid.
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 years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
 
Ameren Missouri
$
164

 
$
153

 
$
151

 
Ameren Illinois
118

 
112

(a) 
108

(a) 
Ameren
$
282

 
$
265

 
$
259

 

(a)
Amounts have been adjusted from those previously reported to reflect additional excise taxes for the years ended December 31, 2017 and 2016.
Unamortized Debt Discounts, Premiums, and Issuance Costs
Long-term debt discounts, premiums, and issuance costs are amortized over the lives of the related issuances. Credit agreement fees are amortized over the term of the agreement.
Income Taxes
Ameren uses an asset and liability approach for its financial accounting and reporting of income taxes. Deferred tax assets and liabilities are recognized for transactions that are treated differently for financial reporting and income tax return purposes. These deferred tax assets and liabilities are based on statutory tax rates.
We expect that regulators will reduce future revenues for deferred tax liabilities that were initially recorded at rates in excess of the current statutory rate. Therefore, reductions in certain deferred tax liabilities that were recorded because of decreases in the statutory rate have been credited to a regulatory liability. A regulatory asset has been established to recognize the probable recovery through future customer rates of tax benefits related to the equity component of allowance for funds used during construction, as well as the effects of tax rate increases. To the extent deferred tax balances are included in rate base, the revaluation of deferred taxes is recorded as a regulatory asset or liability on the balance sheet and will be collected from, or refunded to, customers. For deferred tax balances not included in rate base, the revaluation of deferred taxes is recorded as an adjustment to income tax expense on the income statement. See Note 12 – Income Taxes for further information regarding the revaluation of deferred taxes related to the TCJA and Missouri and Illinois state corporate income tax rate changes.
Ameren Missouri, Ameren Illinois, and all the other Ameren subsidiary companies are parties to a tax allocation agreement with Ameren (parent) that provides for the allocation of consolidated tax liabilities. The tax allocation agreement specifies that each party be allocated an amount of tax using a stand-alone calculation, which is similar to that which would be owed or refunded had the party been separately subject to tax considering the impact of consolidation. Any net benefit attributable to Ameren (parent) is reallocated to the other parties. This reallocation is treated as a capital contribution to the party receiving the benefit. See Note 13 – Related-party Transactions for information regarding capital contributions under the tax allocation agreement.
Earnings per Share
Earnings per basic and diluted share are computed by dividing “Net Income Attributable to Ameren Common Shareholders” by the weighted-average number of basic and diluted common shares outstanding, respectively, during the period. Earnings per diluted share reflects the potential dilution that would occur if certain stock-based performance share units and restricted stock units were settled. The number of shares from performance share units assumed to be settled was 2.0 million, 1.6 million, and 0.8 million for the years ended December 31, 2018, 2017, and 2016, respectively. The number of shares from restricted stock units assumed to be settled was immaterial for the year ended December 31, 2018, and not applicable for the years ended December 31, 2017 and 2016. There were no potentially dilutive securities excluded from the diluted earnings per share calculations for the years ended December 31, 2018, 2017, and 2016.
Accounting Changes and Other Matters
The following is a summary of recently adopted authoritative accounting guidance, as well as guidance issued but not yet adopted, that could affect the Ameren Companies.
In the first quarter of 2018, the Ameren Companies adopted authoritative accounting guidance on various topics. See the Operating Revenues section above for more information on our adoption of the guidance on revenue from contracts with customers. See Note 10 – Retirement Benefits for more information on our adoption of the guidance on the presentation of net periodic pension and postretirement benefit cost. See the Cash, Cash Equivalents, and Restricted Cash section above for more information on our adoption of the guidance on restricted cash. Our adoption of the guidance on the recognition and measurement of financial assets and financial liabilities did not have a material impact on our results of operations or financial position.
Leases
In February 2016, the FASB issued authoritative guidance that requires an entity to recognize assets and liabilities arising from all leases with a term greater than one year. This guidance will affect the Ameren Companies’ financial position by increasing the assets and liabilities recorded relating to operating leases. Ameren expects both its assets and liabilities to increase by approximately $40 million, largely due to an increase at Ameren Missouri. We do not expect the impacts of this guidance to be material to our results of operations or cash flows. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease will depend on its classification as a finance lease or operating lease. The guidance also requires additional disclosures to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. We will adopt this guidance using the January 1, 2019 effective date as the date of our application of the standard. No adjustment to comparative periods will be made. This guidance will be effective for the Ameren Companies in the first quarter of 2019. See Note 14 – Commitments and Contingencies for additional information on our leases.
Measurement of Credit Losses on Financial Instruments
In June 2016, the FASB issued authoritative guidance that requires an entity to recognize an allowance for financial instruments that reflects its current estimate of credit losses expected to be incurred over the life of the financial instruments. 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. We are currently assessing the impacts of this guidance on our results of operations, financial position, and disclosures. This guidance will be effective for the Ameren Companies in the first quarter of 2020, and will require changes to be applied retrospectively with a cumulative effect adjustment to retained earnings as of the adoption date.
Fair Value Measurement Disclosures
In August 2018, the FASB issued authoritative guidance that affects disclosure requirements for fair value measurements. This guidance will be effective for the Ameren Companies in the first quarter of 2020, with early adoption permitted. We are currently assessing the impacts of this guidance on our disclosures.
Defined Benefit Plan Disclosures
In August 2018, the FASB issued authoritative guidance that affects disclosure requirements for defined benefit plans. This guidance will be effective for the Ameren Companies in the fourth quarter of 2020, and will require changes to be applied retrospectively to each period presented. Early adoption is permitted. We are currently assessing the impacts of this guidance on our disclosures.
Implementation Costs Incurred in Certain Cloud Computing Arrangements
In August 2018, the FASB issued authoritative guidance that aligns the requirements for capitalizing implementation costs incurred in certain hosting arrangements with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This guidance requires capitalized implementation costs to be expensed over the term of the hosting arrangement and presented in the same line item in the statement of income as the fees of the associated hosting arrangement. Capitalized implementation costs must be presented in the balance sheet in the same line item that a prepayment for the fees of the associated hosting arrangement would be presented, and payments for capitalized implementation costs must be classified in the statement of cash flows in the same manner as payments for hosting arrangement fees. The Ameren Companies early adopted this guidance in the third quarter of 2018 and applied the guidance prospectively to all implementation costs incurred after the date of adoption. Implementation costs capitalized in 2018 were immaterial.
Classification of Certain Cash Receipts and Cash Payments
In August 2016, the FASB issued authoritative guidance that specifies the classification and presentation of certain cash flow items to reduce diversity in practice. This guidance was effective for the Ameren Companies in the first quarter of 2018 and was applied retrospectively. Our adoption of this guidance did not result in material changes to previously reported cash flows from operating, investing, or financing activities.
v3.10.0.1
Rate And Regulatory Matters
12 Months Ended
Dec. 31, 2018
Public Utilities, General Disclosures [Abstract]  
RATE AND REGULATORY MATTERS
RATE AND REGULATORY MATTERS
Below is a summary of significant regulatory proceedings and related lawsuits. We are unable to predict the ultimate outcome of these matters, the timing of final decisions of the various agencies and courts, or the effect on our results of operations, financial position, or liquidity.
Missouri
Missouri Senate Bill 564
On June 1, 2018, Missouri Senate Bill 564 was enacted. The provision of the law applicable to the TCJA was effective immediately; the remaining provisions, including the ability to elect PISA, became effective August 28, 2018. The law required the MoPSC to authorize a reduction in Ameren Missouri’s rates to pass through the effect of the TCJA within 90 days of the law’s effective date. In July 2018, the MoPSC authorized Ameren Missouri to reduce its annual revenue requirement by $167 million and reflect that reduction in rates beginning August 1, 2018. The reduction included $74 million for the amortization of excess accumulated deferred income taxes. In addition, Ameren Missouri recorded a reduction to revenue and a corresponding regulatory liability of $60 million for the excess amounts collected in rates related to the TCJA from January 1, 2018, through July 31, 2018. The regulatory liability will be reflected in customer rates over a period of time to be determined by the MoPSC in the next regulatory rate review.
Pursuant to its PISA election, Ameren Missouri is permitted to defer and recover 85% of the depreciation expense and a weighted-average cost of capital return on rate base on certain property, plant, and equipment placed in service after September 1, 2018, and not included in base rates. The rate base on which the return is calculated incorporates qualifying capital expenditures since the PISA election date, and changes in total accumulated depreciation excluding retirements and plant-related deferred income taxes. The debt return on rate base is recognized in earnings as a reduction of “Interest Charges” until PISA deferrals are reflected in customer rates, while the equity return is recognized in earnings as “Operating Revenues – Electric” when billed to customers. Accumulated PISA deferrals earn carrying costs at the weighted-average cost of capital, and all approved PISA deferrals will be added to rate base prospectively and recovered over a period of 20 years following a regulatory rate review. PISA mitigates the impacts of regulatory lag between regulatory rate reviews. The remaining 15% of certain property, plant, and equipment placed in service and not eligible for recovery under PISA, unless eligible for recovery under the RESRAM, remain subject to regulatory lag. See below for discussion of the RESRAM. Amounts deferred under PISA were immaterial as of December 31, 2018.
As a result of Ameren Missouri’s PISA election, additional provisions of Missouri law apply, including provisions limiting customer rate increases to a 2.85% compound annual growth rate in the average overall customer rate per kilowatthour, based on the electric rates that became effective in April 2017, less half of the annual savings from the TCJA that was passed on to customers as approved in the July 2018 MoPSC order. Additionally, Ameren Missouri’s electric base rates, as determined in the July 2018 MoPSC order, are frozen until April 1, 2020. Customer rates under the MEEIA, the FAC, and the RESRAM riders have not been frozen. If rate changes from the FAC or the RESRAM riders would cause rates to temporarily exceed the 2.85% rate cap, the overage would be deferred for future recovery in the next regulatory rate review; however, rates established in such regulatory rate review will be subject to the rate cap. Any deferred overages approved for recovery will be recovered in a manner consistent with costs recovered under PISA. Excluding customer rates under the MEEIA rider, which are not subject to the rate cap, Ameren Missouri would incur a penalty equal to the amount of deferred overage that would cause customer rates to exceed the 2.85% rate cap. Both the rate cap and PISA election are effective through December 2023, unless Ameren Missouri requests and receives MoPSC approval of an extension through December 2028.
Wind Generation Facilities and RESRAM
In the second quarter of 2018, Ameren Missouri entered into a build-transfer agreement with a subsidiary of Terra-Gen, LLC to acquire, after construction, a 400-megawatt wind generation facility, which is expected to be located in northeastern Missouri. In October 2018, the MoPSC issued an order approving a unanimous stipulation and agreement regarding a requested certificate of convenience and necessity for the facility. In December 2018, Ameren Missouri received FERC approval to acquire the facility after construction. A transmission interconnection agreement with the MISO for this facility is expected in the fall of 2019. Also, in October 2018, Ameren Missouri entered into a build-transfer agreement with a subsidiary of EDF Renewables, Inc. to acquire, after construction, a wind generation facility of up to 157 megawatts. In February 2019, Ameren Missouri filed with the MoPSC a nonunanimous stipulation and agreement regarding a requested certificate of convenience and necessity for the facility. The up to 157-megawatt facility is expected to be located in northwestern Missouri. A transmission interconnection agreement with the MISO for this facility is expected in early 2020. Both facilities are expected to be completed by the end of 2020 and would help Ameren Missouri comply with the Missouri renewable energy standard. Each acquisition is subject to certain conditions, including entering into a MISO transmission interconnection agreement at an acceptable cost for each facility and obtaining FERC approval and the issuance of a certificate of convenience and necessity by the MoPSC for the up to 157-megawatt facility, as well as other customary contract terms and conditions. These agreements collectively represent approximately $1 billion in capital expenditures expected in 2020, which is included in Ameren Missouri’s Smart Energy Plan.
As a part of its May 2018 filing, Ameren Missouri requested the MoPSC to authorize a proposed RESRAM that would allow Ameren Missouri to adjust customer rates on an annual basis without a traditional regulatory rate review. In October and December 2018, the MoPSC issued orders approving the RESRAM. In January 2019, the MoOPC filed an appeal with the Missouri Court of Appeals, Western District, challenging the MoPSC’s December 2018 order allowing Ameren Missouri to recover, through the RESRAM, the 15% of capital investment not recovered under PISA. Ameren Missouri expects a decision by the end of 2019. The RESRAM is designed to mitigate the impacts of regulatory lag for the cost of compliance with renewable energy standards, including recovery of investments in wind and other renewable generation, by providing more timely recovery of costs and a return on investments not already provided for in customer rates or recovered under PISA. RESRAM regulatory assets earn carrying costs at short-term interest rates.
Renewable Choice Program
In June 2018, the MoPSC approved Ameren Missouri’s Renewable Choice Program, which allows large commercial and industrial customers and municipalities to elect to receive up to 100% of their energy from renewable resources. The tariff-based program is designed to recover the costs of the election, net of changes in the market price of such energy. Based on customer contracts, the program enables Ameren Missouri to supply up to 400 megawatts of renewable wind energy generation, up to 200 megawatts of which it could own. As applicable, the addition of generation by Ameren Missouri would be subject to the issuance of a certificate of convenience and necessity by the MoPSC, obtaining transmission interconnection agreements with MISO or other RTOs, and FERC approval. Ameren Missouri anticipates finalizing customer interest and pursuing renewable energy projects to fulfill requirements in 2019. Without extension, the option to elect into the program will terminate in the third quarter of 2023.
MEEIA
In July 2018, the Missouri Supreme Court overturned a 2016 decision by the Missouri Court of Appeals, Western District, which had upheld a 2015 MoPSC order regarding the determination of a certain input used to calculate the MEEIA 2013 performance incentive, and remanded the matter to the MoPSC. In January 2019, the MoPSC issued an order approving an additional $9 million MEEIA 2013 performance incentive. Accordingly, Ameren Missouri recognized the additional performance incentive in the first quarter of 2019. In November 2016, the MoPSC approved a $28 million MEEIA 2013 performance incentive based on a stipulation and agreement among Ameren Missouri, the MoPSC staff, and the MoOPC. Ameren Missouri collected $28 million of the performance incentive over a two-year period that began in February 2017.
The MEEIA 2016 plan provides Ameren Missouri with a performance incentive to earn additional revenues by achieving certain customer energy-efficiency goals, including $27 million if 100% of the goals are achieved during the three-year period beginning March 2016, with the potential to earn more if Ameren Missouri’s energy savings exceed those goals. In September 2017, Ameren Missouri received an order from the MoPSC approving Ameren Missouri’s energy savings results for the first year of the MEEIA 2016 plan. In October 2018, Ameren Missouri received an order from the MoPSC approving Ameren Missouri’s energy savings results for the second year of the MEEIA 2016 plan. As a result of these orders and in accordance with revenue recognition guidance, Ameren Missouri recognized $5 million of revenues in the first quarter of 2018, $6 million of additional revenues in the fourth quarter of 2018, and $11 million of additional revenues in the first quarter of 2019 relating to the MEEIA 2016 performance incentive.
In December 2018, the MoPSC issued an order approving Ameren Missouri’s MEEIA 2019 plan. The plan includes a portfolio of customer energy-efficiency programs through December 2021 and low-income customer energy-efficiency programs through December 2024, along with a regulatory recovery mechanism. Ameren Missouri intends to invest $226 million over the life of the plan, including $65 million per year through 2021. The plan includes the continued use of the MEEIA rider, which allows Ameren Missouri to collect from, or refund to, customers any difference in actual MEEIA program costs and related lost electric margins and the amounts collected from customers. In addition, the plan includes a performance incentive that provides Ameren Missouri an opportunity to earn additional revenues by achieving certain customer energy-efficiency goals, including $30 million if 100% of the goals are achieved during the period ended December 2021. Additional revenues may be earned if Ameren Missouri exceeds 100% of its energy savings goals.
2018 Natural Gas Delivery Service Regulatory Rate Review
In December 2018, Ameren Missouri filed a request with the MoPSC to increase its annual revenues for natural gas delivery service by approximately $4 million. The natural gas delivery service rate increase request was based on a 10.30% return on equity, a capital structure composed of 51.84% common equity, a rate base of $259 million, and a test year ended June 30, 2018, with certain pro-forma adjustments through the anticipated true-up date of May 31, 2019. In December 2018, the MoPSC issued an order approving a stipulation and agreement for an interim rate reduction of $2 million to reflect cost of service updates including the reduction in the federal corporate income tax rate and the amortization of excess deferred taxes as a result of the TCJA. The interim rate reduction became effective January 2, 2019, and will continue until new rates are approved by the MoPSC in this regulatory rate review.
Mark Twain Project Return on Equity Incentive Adder
In November 2018, the FERC issued an order approving a 50 basis point return on equity incentive adder for the Mark Twain project, effective as of February 14, 2018, based on the unique nature of risks involved in the project. This incentive adder is in addition to the current 50 basis point incentive adder for participation in an RTO and the total return on equity, inclusive of all incentive adders, is subject to the top of the zone of reasonableness. The impact to Ameren’s 2018 earnings was immaterial.
Illinois
IEIMA & FEJA
Under a formula ratemaking framework effective through 2022, Ameren Illinois’ electric distribution service rates are subject to an annual revenue requirement reconciliation to its actual recoverable costs and allowed return on equity. The formula ratemaking framework qualifies as an alternative revenue program under GAAP. Each year, Ameren Illinois records a regulatory asset or a regulatory liability and a corresponding increase or decrease to operating revenues for any differences between the revenue requirement reflected in customer rates for that year and its estimate of the probable increase or decrease in the revenue requirement expected to ultimately be approved by the ICC. As of December 31, 2018, Ameren Illinois had recorded regulatory assets of $16 million and $54 million, including interest, to reflect its expected 2018 and its approved 2017 revenue requirement reconciliation adjustments, respectively. As of December 31, 2017, Ameren Illinois had recorded a $24 million regulatory asset to reflect its approved 2016 revenue requirement reconciliation adjustment, which was collected, with interest, from customers during 2018.
In November 2018, the ICC issued an order in Ameren Illinois’ annual update filing that approved a $72 million increase in Ameren Illinois’ electric distribution service rates beginning in January 2019. This order reflected an increase to the annual formula rate based on 2017 actual costs and expected net plant additions for 2018, and an increase to include the 2017 revenue requirement reconciliation adjustment. It also included a decrease for the conclusion of the 2016 revenue requirement reconciliation adjustment, which was fully collected from customers in 2018, consistent with the ICC’s December 2017 annual update filing order.
The FEJA revised certain portions of the IEIMA, including extending the IEIMA formula ratemaking framework through 2022, and clarifying that a common equity ratio up to and including 50% is prudent. Beginning in 2017, the FEJA permitted Ameren Illinois to recover, within the following two years, its electric distribution revenue requirement for a given year, independent of actual sales volumes.
The FEJA allows Ameren Illinois to earn a return on its electric energy-efficiency program investments. Ameren Illinois’ electric energy-efficiency investments are deferred as a regulatory asset and earn a return at its weighted-average cost of capital, with the equity return based on the annual average of the monthly yields of the 30-year United States Treasury bonds plus 580 basis points. The equity portion of Ameren Illinois’ return on electric energy-efficiency investments can be increased or decreased by up to 200 basis points, depending on the achievement of annual energy savings goals. In 2018, there were no performance-related basis point adjustments. In September 2017, the ICC issued an order approving Ameren Illinois’ implementation of the FEJA electric energy-efficiency savings targets and investments for 2018 through 2021. Ameren Illinois plans to invest approximately $100 million per year in electric energy-efficiency programs through 2023, consistent with targets established by the FEJA. The ICC has the ability to reduce electric energy-efficiency savings goals if there are insufficient cost-effective programs available or if the savings goals would require investment levels that exceed amounts allowed by legislation. The electric energy-efficiency program investments and the return on those investments are collected from customers through a rider and are not included in the electric distribution formula ratemaking framework.
In June 2018, Ameren Illinois filed its annual electric customer energy-efficiency formula rate update to establish the revenue requirement to be used for 2019 rates with the ICC. In November 2018, the ICC issued an order that approved 2019 rates of $35 million for electric customer energy-efficiency investments, which represents an increase of $20 million from 2018 rates.
2018 Natural Gas Delivery Service Regulatory Rate Review
In January 2018, Ameren Illinois filed a request with the ICC seeking approval to increase its annual rates for natural gas delivery service. In November 2018, the ICC issued an order approving a stipulation and agreement that resulted in an annual natural gas rate increase of $32 million, based on a 9.87% return on common equity, a capital structure composed of 50% common equity, and a rate base of $1.6 billion. This increase reflects the reduction in the federal statutory corporate income tax rate enacted under the TCJA, as well as the increase in the Illinois corporate income tax rate that became effective in July 2017, which collectively decreased annual rates by approximately $17 million. The new customer rates were effective in November 2018. As a result of this order, the rate base under the QIP rider was reset to zero. Ameren Illinois used a 2019 future test year in this proceeding.
Income Tax Regulatory Mechanisms
In February 2018, the ICC granted Ameren Illinois’ request, filed in January 2018, to establish a rider to reduce Ameren Illinois’ electric distribution customer rates for the effect of the reduction in the federal statutory corporate income tax rate enacted under the TCJA and the return of excess deferred taxes, net of the increase in state income taxes enacted in July 2017. Ameren Illinois' electric distribution customer rates were reduced as a result of the rider beginning in the first quarter of 2018. The estimated reduction of approximately $50 million per year will continue through 2019, as base rates will be adjusted to reflect the current income tax rates starting in 2020.
In April 2018, the ICC approved a rider for the difference between revenues billed under natural gas rates established pursuant to Ameren Illinois’ most recent natural gas rate order and the revenues that would have been billed had the state and federal tax rate changes discussed above been in effect. The rider required Ameren Illinois to record this difference as a regulatory liability beginning January 25, 2018. Ameren Illinois’ natural gas customer rates were reduced as a result of the rider beginning in May 2018. As base rates were updated with the November 2018 natural gas rate order discussed above, a reduction of approximately $15 million will be reflected in customer rates substantially over a one-year period.
ATXI’s Illinois Rivers Project
In August 2017, the Illinois Circuit Court for Edgar County dismissed several of ATXI’s condemnation cases related to one line segment in the Illinois Rivers project. These cases had been filed to obtain easements and rights of way necessary to complete the line segment. The court found that required notice was not given to the relevant landowners during the underlying ICC proceeding. Upon appeal, in October 2018, the Illinois Supreme Court reversed the Illinois Circuit Court for Edgar County’s decision and remanded the case for further proceedings. In December 2018, the Illinois Supreme Court issued an order to stay its October 2018 ruling. In February 2019, the landowners filed an appeal with the United States Supreme Court. The October 2018 ruling is further stayed pending resolution of the appeal. Construction of the Illinois Rivers project is substantially complete. Delays associated with the condemnation proceedings or a rehearing arising from the Illinois Supreme Court’s ruling will delay the expected completion date to 2020, which is not expected to materially affect 2019 earnings. The estimated line segment capital expenditure investment is approximately $81 million, of which $38 million was invested as of December 31, 2018. The other eight line segments of the Illinois Rivers project are not affected by these proceedings.
Federal
FERC Complaint Cases
In November 2013, a customer group filed a complaint case with the FERC seeking a reduction in the allowed base return on common equity for FERC-regulated transmission rate base under the MISO tariff from 12.38% to 9.15%. In September 2016, the FERC issued a final order in the November 2013 complaint case, which lowered the allowed base return on common equity to 10.32%, or a 10.82% total allowed return on common equity with the inclusion of a 50 basis point incentive adder for participation in an RTO, effective since September 2016. In 2017, Ameren and Ameren Illinois refunded $21 million and $17 million, respectively related to the November 2013 complaint case. The 10.82% allowed return on common equity may be replaced prospectively after the FERC issues a final order in the February 2015 complaint case, discussed below.
Since the maximum FERC-allowed refund period for the November 2013 complaint case ended in February 2015, another customer complaint case was filed in February 2015. MISO transmission owners subsequently filed a motion to dismiss the February 2015 complaint, as discussed below. The February 2015 complaint case seeks a further reduction in the allowed base return on common equity for FERC-regulated transmission rate base under the MISO tariff. In June 2016, an administrative law judge issued an initial decision in the February 2015 complaint case. If approved by the FERC, it would lower the allowed base return on common equity for the 15-month period of February 2015 to May 2016 to 9.70%, or a 10.20% total allowed return on equity with the inclusion of a 50 basis point incentive adder for participation in an RTO. It would also require customer refunds, with interest, for that 15-month period. A final FERC order would also establish the allowed return on common equity that will apply prospectively from the effective date of such order, replacing the current 10.82% total return on common equity. In the second quarter of 2017, the United States Court of Appeals for the District of Columbia Circuit vacated and remanded to the FERC an order in an unrelated case in which the FERC established the allowed base return on common equity methodology subsequently used in the two MISO complaint cases described above. In October 2018, the FERC issued an order addressing the remanded issues in an unrelated case. That order proposed a new methodology for determining the base return on equity and required further briefs from the participants. In November 2018, the FERC issued an order related to the February 2015 complaint case and the September 2016 final order, which required briefs from the participants to be filed in February 2019 regarding a new methodology for determining the base return on common equity and whether and how to apply the new methodology to the two MISO complaint cases. Ameren is unable to predict the ultimate impact of the proposed methodology on these complaint cases at this time. As the FERC is under no deadline to issue a final order, the timing of the issuance of the final order in the February 2015 complaint case, or any potential impact to the amounts refunded as a result of the September 2016 final order, is uncertain.
In September 2017, MISO transmission owners, including Ameren Missouri, Ameren Illinois, and ATXI, filed a motion to dismiss the February 2015 complaint case with the FERC. The MISO transmission owners maintain that the February 2015 complaint was predicated on the now superseded 12.38% allowed base return on common equity and is therefore inapplicable given the current 10.32% allowed base return on common equity. The MISO transmission owners further maintain that the current 10.32% allowed base return on common equity has not been proven to be unjust and unreasonable based on information provided, including the base return on common equity methodology ranges set forth in the February 2015 complaint case and in the initial decision issued by an administrative law judge in June 2016. Additionally, the MISO transmission owners maintain that the February 2015 complaint should be dismissed because the approach utilized in the case to assert that a return on common equity was unjust and unreasonable was insufficient. That same approach was rejected by the United States Court of Appeals for the District of Columbia Circuit in an unrelated case, as discussed above. The FERC is under no deadline to issue an order on this motion.
As of December 31, 2018, Ameren and Ameren Illinois had recorded current regulatory liabilities of $44 million and $26 million, respectively, to reflect the expected refunds, including interest, associated with the reduced allowed returns on common equity in the initial decision in the February 2015 complaint case. Ameren Missouri does not expect that a reduction in the FERC-allowed base return on common equity would be material to its results of operations, financial position, or liquidity.
FERC Federal Income Tax Proceeding and Formula Rate Change
In March 2018, the FERC granted a request filed in February 2018 by MISO transmission owners with forward-looking rate formulas, including Ameren Illinois and ATXI, to allow revisions to their 2018 electric transmission rates to reflect the effect of the reduction in federal income taxes enacted under the TCJA. Ameren Illinois and ATXI’s 2018 electric transmission rates were reduced by $27 million and $23 million, respectively.
In May 2018, the FERC accepted Ameren Illinois, and ATXI’s tariff filings to change the formula rate calculation. The change allows for the recovery or refund of both excess deferred taxes resulting from tax law or rate changes and the effect of permanent income tax differences and were reflected in Ameren Illinois’ and ATXI’s electric transmission rates starting in January 2019.
Regulatory Assets and Liabilities
The following table presents our regulatory assets and regulatory liabilities at December 31, 2018 and 2017:
 
 
2018
 
2017
 
 
Ameren
Missouri
 
Ameren
Illinois
 
Ameren
 
 
Ameren
Missouri
 
Ameren
Illinois
 
Ameren
Regulatory assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Under-recovered FAC(a)
 
$
3

 
$

 
$
3

 
 
$
47

 
$

 
$
47

Under-recovered PGA(b)
 

 
7

 
7

 
 
1

 
13

 
14

MTM derivative losses(c)
 
19


197

 
216

 
 
12

 
217

 
229

IEIMA revenue requirement reconciliation adjustment(d)(e)
 

 
70

 
70

 
 

 
78

 
78

FERC revenue requirement reconciliation adjustment(f)
 

 
16

 
30

 
 

 
25

 
37

Under-recovered VBA rider(g)
 

 

 

 
 

 
15

 
15

Pension and postretirement benefit costs(h)
 
103

 
149

 
252

 
 
84

 
215

 
299

Income taxes(i)
 
119

 
68

 
185

 
 
139

 
56

 
197

Callaway costs(e)(j)
 
22

 

 
22

 
 
25

 

 
25

Unamortized loss on reacquired debt(k)
 
58

 
40

 
98

 
 
61

 
49

 
110

Environmental cost riders(l)
 

 
148

 
148

 
 

 
173

 
173

Storm costs(e)(m)
 

 
13

 
13

 
 

 
10

 
10

Demand-side costs before the MEEIA implementation(e)(n)
 
5

 

 
5

 
 
11

 

 
11

Workers’ compensation claims(o)
 
4

 
7

 
11

 
 
5

 
7

 
12

Construction accounting for pollution control equipment(e)(p)
 
16

 

 
16

 
 
18

 

 
18

Solar rebate program(e)(q)
 
14

 

 
14

 
 
31

 

 
31

FEJA energy-efficiency riders(e)(r)
 

 
136

 
136

 
 

 
41

 
41

Other
 
17

 
18

 
35

 
 
17

 
10

 
27

Total regulatory assets
 
$
380

 
$
869

 
$
1,261

 
 
$
451

 
$
909

 
$
1,374

Less: current regulatory assets
 
(14
)
 
(110
)
 
(134
)
 
 
(56
)
 
(87
)
 
(144
)
Noncurrent regulatory assets
 
$
366

 
$
759

 
$
1,127

 
 
$
395

 
$
822

 
$
1,230

Regulatory liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Over-recovered FAC(a)
 
$
34

 
$

 
$
34

 
 
$
4

 
$

 
$
4

Over-recovered Illinois electric power costs(b)
 

 
12

 
12

 
 

 
16

 
16

Over-recovered PGA(b)
 
7

 
3

 
10

 
 

 
1

 
1

Over-recovered VBA rider(g)
 

 
8

 
8

 
 

 

 

MTM derivative gains(c)
 
5

 
3

 
8


 
16

 

 
16

FERC revenue requirement reconciliation adjustment(f)
 

 
17

 
19

 
 

 

 

Energy-efficiency riders(s)
 
19

 
3

 
22

 
 
2

 
40

 
42

Estimated refund for FERC complaint case(t)
 

 
26

 
44

 
 

 
25

 
42

Income taxes(i)
 
1,484

 
843

 
2,413

 
 
1,392

 
842

 
2,323

Asset removal costs(u)
 
1,027

 
774

 
1,811

 
 
995

 
725

 
1,725

AROs(v)
 
175

 

 
175

 
 
223

 

 
223

Pension and postretirement benefit costs tracker(w)
 
43

 

 
43

 
 
35

 

 
35

Renewable energy credits and zero emission credits(x)
 

 
102

 
102

 
 

 
58

 
58

Excess income taxes collected in 2018(y)
 
60

 

 
60

 
 

 

 

Other
 
13

 
12

 
25

 
 
16

 
14

 
30

Total regulatory liabilities
 
$
2,867

 
$
1,803

 
$
4,786

 
 
$
2,683

 
$
1,721

 
$
4,515

Less: current regulatory liabilities
 
(68
)
 
(62
)
 
(149
)
 
 
(19
)
 
(92
)
 
$
(128
)
Noncurrent regulatory liabilities
 
$
2,799

 
$
1,741

 
$
4,637

 
 
$
2,664

 
$
1,629

 
$
4,387


(a)
Under-recovered or over-recovered fuel costs to be recovered or refunded through the FAC. Specific accumulation periods aggregate the under-recovered or over-recovered costs over four months, any related adjustments that occur over the following four months, and the recovery from, or refund to, customers that occurs over the next eight months.
(b)
Under-recovered or over-recovered costs from utility customers. Amounts will be recovered from, or refunded to, customers within one year of the deferral.
(c)
Deferral of commodity-related derivative MTM losses or gains. See Note 7 – Derivative Financial Instruments for additional information.
(d)
The difference between Ameren Illinois’ electric distribution service annual revenue requirement calculated under the performance-based formula ratemaking framework and the revenue requirement included in customer rates for that year. Any under-recovery or over-recovery will be recovered from, or refunded to, customers with interest within two years.
(e)
These assets earn a return.
(f)
Ameren Illinois’ and ATXI’s annual revenue requirement reconciliation calculated pursuant to the FERC’s electric transmission formula ratemaking framework. Any under-recovery or over-recovery will be recovered from, or refunded to, customers within two years.
(g)
Under-recovered or over-recovered natural gas revenue caused by sales volume deviations from weather normalized sales approved by the ICC in rate regulatory reviews. Each year’s amount will be recovered from, or refunded to, customers from April through December of the following year.
(h)
These costs are being amortized in proportion to the recognition of prior service costs (credits) and actuarial losses (gains) attributable to Ameren’s pension plan and postretirement benefit plans. See Note 10 – Retirement Benefits for additional information.
(i)
The regulatory assets represent deferred income taxes that will be recovered from customers related to the equity component of allowance for funds used during construction and the effects of tax rate changes from the TCJA and the increased income tax rate in Illinois. The regulatory liabilities represent deferred income taxes that will be refunded to customers related to depreciation differences, other tax liabilities, and the unamortized portion of investment tax credits recorded at rates in excess of current statutory rates. Amounts associated with the equity component of allowance for funds used during construction, and the unamortized portion of investment tax credits will be amortized over the expected life of the related assets. The amortization periods for depreciation differences are determined in rate orders by the applicable regulators and range from 7 to 60 years. See Note 12 – Income Taxes for amounts related to the revaluation of deferred income taxes under the TCJA.
(j)
Ameren Missouri’s Callaway energy center operations and maintenance expenses, property taxes, and carrying costs incurred between the plant in-service date and the date the plant was reflected in rates. These costs are being amortized over the original remaining life of the energy center.
(k)
Losses related to reacquired debt. These amounts are being amortized over the lives of the related new debt issuances or the original lives of the old debt issuances if no new debt was issued.
(l)
The recoverable portion of accrued environmental site liabilities that will be collected from electric and natural gas customers through ICC-approved cost recovery riders. The period of recovery will depend on the timing of remediation expenditures. See Note 14 – Commitments and Contingencies for additional information.
(m)
Storm costs from 2015, 2016, and 2018 deferred in accordance with the IEIMA. These costs are being amortized over five-year periods beginning in the year the storm occurred.
(n)
Demand-side costs incurred prior to implementation of the MEEIA in 2013, including the costs of developing, implementing, and evaluating customer energy-efficiency and demand response programs. The MoPSC’s March 2017 electric rate order modified certain amortization periods for these costs. Costs incurred from May 2008 through September 2008, and from January 2010 through July 2012, are being amortized over a two-year period that began in April 2017. Costs incurred from October 2008 through December 2009 are no longer being amortized as of April 2017, and a new amortization period for these costs will be determined in a future regulatory rate review. Costs incurred from August 2012 through December 2012 are being amortized over a six-year period that began in June 2015.
(o)
The period of recovery will depend on the timing of actual expenditures.
(p)
The MoPSC’s May 2010 electric rate order allowed Ameren Missouri to record an allowance for funds used during construction for pollution control equipment at its Sioux energy center until the cost of that equipment was included in customer rates beginning in 2011. These costs are being amortized over the expected life of the Sioux energy center, currently through 2033.
(q)
Costs associated with Ameren Missouri’s solar rebate program to fulfill its renewable energy requirements. Costs incurred from 2010 to 2014 are being amortized over a two-year period that began in April 2017 as modified per the MoPSC’s March 2017 electric rate order. Costs incurred from 2015 to 2016 are being amortized over a three-year period that began in April 2017.
(r)
Electric energy-efficiency program investment deferrals which earn a return at Ameren Illinois’ weighted-average cost of capital with the equity return based on the annual average of the monthly yields of the 30-year United States Treasury bonds plus 580 basis points. The investments are being amortized over their weighted-average useful lives beginning in the period in which they were made, with current remaining amortization periods ranging from 8 to 12 years.
(s)
The Ameren Missouri balance relates to the MEEIA. The MEEIA rider allows Ameren Missouri to collect from, or refund to, customers any annual difference in the actual amounts incurred and the amounts collected from customers for the MEEIA program costs, lost electric margins, and the performance incentive. Under the MEEIA rider, collections from or refunds to customers occur one year after the program costs, and lost electric margins are incurred or any performance incentive are earned. The Ameren Illinois balance relates to a regulatory tracking mechanism to recover its electric pre-FEJA costs and natural gas costs associated with developing, implementing, and evaluating customer energy efficiency and demand response programs. Any under-recovery or over-recovery will be collected from, or refunded to, customers over the year following the plan year.
(t)
Estimated refunds to transmission customers related to the February 2015 FERC complaint case discussed above.
(u)
Estimated funds collected for the eventual dismantling and removal of plant retired from service, net of salvage value.
(v)
Recoverable or refundable removal costs for AROs, including net realized and unrealized gains and losses related to the nuclear decommissioning trust fund investments. See Note 1 – Summary of Significant Accounting Policies – Asset Retirement Obligations.
(w)
A regulatory tracking mechanism for the difference between the level of pension and postretirement benefit costs incurred by Ameren Missouri and the level of such costs included in customer rates. For costs incurred prior to August 2012, the amounts are being amortized over a two-year period that began in April 2017 as modified per the MoPSC’s March 2017 electric rate order. For costs incurred between August 2012 and December 2014, the MoPSC’s May 2015 electric rate order directed the amortization period to occur over a five-year period that began in June 2015. For costs incurred between January 2015 and December 2016, the MoPSC’s March 2017 electric rate order directed the amortization period to occur over a five-year period that began in April 2017. For costs incurred after December 2016, the amortization period will be determined in a future electric regulatory rate review.
(x)
Funds collected for the purchase of renewable energy credits and zero emission credits through IPA procurements. The balance will be amortized as the credits are purchased.
(y)
The excess amount collected in rates related to the TCJA from January 1, 2018, through July 31, 2018. The regulatory liability will be reflected in customer rates over a period of time to be determined by the MoPSC in the next regulatory rate review.
v3.10.0.1
Property And Plant, Net
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND PLANT, NET
PROPERTY, PLANT, AND EQUIPMENT, NET
The following table presents property, plant, and equipment, net, for each of the Ameren Companies at December 31, 2018 and 2017:
 
 
Ameren
Missouri(a)
 
Ameren
Illinois
 
Other
 
Ameren(a)
2018
 
 
 
 
 
 
 
 
Property, plant, and equipment at original cost:(b)
 
 
 
 
 
 
 
 
Electric generation
 
$
11,432

 
$

 
$

 
$
11,432

Electric distribution
 
5,989

 
5,970

 

 
11,959

Electric transmission
 
1,277

 
2,647

 
1,385

 
5,309

Natural gas
 
500

 
2,701

 

 
3,201

Other(c)
 
1,008

 
863

 
230

 
2,101

 
 
20,206

 
12,181

 
1,615

 
34,002

Less: Accumulated depreciation and amortization
 
8,726

 
3,294

 
253

 
12,273

 
 
11,480

 
8,887

 
1,362

 
21,729

Construction work in progress:
 
 
 
 
 
 
 
 
Nuclear fuel in process
 
217

 

 

 
217

Other
 
406

 
311

 
147

 
864

Property, plant, and equipment, net
 
$
12,103

 
$
9,198

 
$
1,509

 
$
22,810

2017
 
 
 
 
 
 
 
 
Property, plant, and equipment at original cost:(b)
 
 
 
 
 
 
 
 
Electric generation
 
$
11,132

 
$

 
$

 
$
11,132

Electric distribution
 
5,766

 
5,649

 

 
11,415

Electric transmission
 
1,201

 
2,298

 
1,167

 
4,666

Natural gas
 
474

 
2,419

 

 
2,893

Other(c)
 
922

 
757

 
242

 
1,921

 
 
19,495

 
11,123

 
1,409

 
32,027

Less: Accumulated depreciation and amortization
 
8,305

 
3,082

 
246

 
11,633

 
 
11,190

 
8,041

 
1,163

 
20,394

Construction work in progress:
 
 
 
 
 
 
 
 
Nuclear fuel in process
 
148

 

 

 
148

Other
 
413

 
252

 
259

 
924

Property, plant, and equipment, net
 
$
11,751

 
$
8,293

 
$
1,422

 
$
21,466


(a)
Amounts in Ameren and Ameren Missouri include two CTs under separate agreements. The gross cumulative asset value of those agreements was $235 million and $233 million at December 31, 2018 and 2017, respectively. The total accumulated depreciation associated with the two CTs was $89 million and $83 million at December 31, 2018 and 2017, respectively. See Note 5 – Long-term Debt and Equity Financings for additional information on these agreements.
(b)
The estimated lives for each asset group are as follows: 5 to 72 years for electric generation, excluding Ameren Missouri’s hydro generating assets which have useful lives of up to 150 years, 20 to 80 years for electric distribution, 50 to 75 years for electric transmission, 20 to 80 years for natural gas, and 5 to 55 years for other.
(c)
Other property, plant, and equipment includes assets used to support electric and natural gas services.
Capitalized software costs are classified within “Property, Plant, and Equipment, Net” on the balance sheet and are amortized on a straight-line basis over the expected period of benefit, ranging from 5 to 10 years. The following table presents the amortization expense of capitalized software, the gross carrying value of capitalized software, and the related accumulated amortization by year:
 
 
Amortization Expense(a)
 
Gross Carrying Value
 
Accumulated Amortization
 
 
2018
2017
2016
 
2018
2017
 
2018
2017
Ameren
 
$
71

$
58

$
52

 
$
734

$
655

 
$
(514
)
$
(466
)
Ameren Missouri
 
24

20

17

 
223

191

 
(125
)
(107
)
Ameren Illinois
 
44

36

33

 
297

241

 
(183
)
(146
)
(a)
As of December 31, 2018, the estimated amortization expense of capitalized software for each of the five succeeding years is not expected to differ materially from the current year expense.
The following table provides accrued capital and nuclear fuel expenditures at December 31, 2018, 2017, and 2016, which represent noncash investing activity excluded from the accompanying statements of cash flows:
 
Ameren
 
Ameren
Missouri
 
Ameren
Illinois
Accrued capital expenditures:
 
 
 
 
 
2018
$
272

 
$
121

 
$
138

2017
361

 
159

 
175

2016
251

 
116

 
87

Accrued nuclear fuel expenditures:
 
 
 
 
 
2018
$
20

 
$
20

 
$

2017
10

 
10

 

2016
20

 
20

 

v3.10.0.1
Short-Term Debt And Liquidity
12 Months Ended
Dec. 31, 2018
Line of Credit Facility [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, or, in the case of Ameren Missouri and Ameren Illinois, short-term affiliate borrowings.
Credit Agreements
In December 2018, the Credit Agreements, which were scheduled to mature in December 2021, were extended and now mature in December 2022. The Credit Agreements provide $2.1 billion of credit cumulatively through maturity. The maturity date may be extended for an additional one-year period upon mutual consent of the borrowers and lenders. Credit available under the agreements is provided by a group of 22 international, national, and regional lenders, with no single lender providing more than $118 million of credit in aggregate.

The obligations of each borrower under the respective Credit Agreements to which it is a party are several and not joint. Except under limited circumstances relating to expenses and indemnities, the obligations of Ameren Missouri and Ameren Illinois under the respective Credit Agreements are not guaranteed by Ameren (parent) or any other subsidiary of Ameren. The following table presents the maximum aggregate amount available to each borrower under each facility:
 
 
Missouri
Credit Agreement
Illinois
Credit Agreement
Ameren (parent)
 
$
700

$
500

Ameren Missouri
 
800

(a)

Ameren Illinois
 
(a)

800

(a)
Not applicable.
The borrowers have the option to seek additional commitments from existing or new lenders to increase the total facility size of the Credit Agreements to a maximum of $1.2 billion for the Missouri Credit Agreement and $1.3 billion for the Illinois Credit Agreement. Ameren (parent) borrowings are due and payable no later than the maturity date of the Credit Agreements. Ameren Missouri and Ameren Illinois borrowings under the applicable Credit Agreement are due and payable no later than the earlier of the maturity date or 364 days after the originating date of the borrowing.
The obligations of the borrowers under the Credit Agreements are unsecured. Loans are available on a revolving basis under each of the Credit Agreements. Funds borrowed may be repaid and, subject to satisfaction of the conditions to borrowing, reborrowed from time to time. At the election of each borrower, the interest rates on such loans will be the alternate base rate plus the margin applicable to the particular borrower and/or the eurodollar rate plus the margin applicable to the particular borrower. The applicable margins will be determined by the borrower’s long-term unsecured credit ratings or, if no such ratings are in effect, the borrower’s corporate/issuer ratings then in effect. The borrowers have received commitments from the lenders to issue letters of credit up to $100 million under each of the Credit Agreements. In addition, the issuance of letters of credit is subject to the $2.1 billion overall combined facility borrowing limitations of the Credit Agreements.
The borrowers will use the proceeds from any borrowings under the Credit Agreements for general corporate purposes, including working capital, commercial paper liquidity support, issuance of letters of credit, loan funding under the Ameren money pool arrangements, and other short-term affiliate loan arrangements. 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. As of December 31, 2018, based on 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 $1.5 billion.
Ameren, Ameren Missouri, and Ameren Illinois did not borrow under the Credit Agreements for the years ended December 31, 2018 and 2017.
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 years ended December 31, 2018 and 2017:
 
 
Ameren (parent)
Ameren Missouri
Ameren Illinois
Ameren Consolidated
2018
 
 
 
 
 
 
Average daily commercial paper outstanding
 
$
410

 
$
61

$
108

$
579

Outstanding borrowings at period-end
 
470

 
55

72

597

Weighted-average interest rate
 
2.31
%
 
1.94
%
2.26
%
2.26
%
Peak outstanding commercial paper during period(a)
 
$
543

 
$
481

$
442

$
1,295

Peak interest rate
 
3.10
%
 
2.80
%
2.85
%
3.10
%
2017
 
 
 
 
 
 
Average daily commercial paper outstanding
 
$
573

 
$
5

$
90

$
668

Outstanding borrowings at period-end
 
383

 
39

62

484

Weighted-average interest rate
 
1.30
%
 
1.24
%
1.35
%
1.31
%
Peak outstanding commercial paper during period(a)
 
$
841

 
$
64

$
469

$
948

Peak interest rate
 
1.90
%
 
1.78
%
2.00
%
2.00
%
(a)
The timing of peak outstanding commercial paper issuances varies by company. Therefore, the sum of the peak amounts presented by the companies may not equal the Ameren consolidated peak amount for the period.
Indebtedness Provisions and Other Covenants
The information below is a summary of the Ameren Companies’ compliance with indebtedness provisions and other covenants.
The Credit Agreements contain conditions for borrowings and issuances of letters of credit. These conditions include the absence of default or unmatured default, material accuracy of representations and warranties (excluding any representation after the closing date as to the absence of material adverse change and material litigation, and the absence of any notice of violation, liability, or requirement under any environmental laws that could have a material adverse effect), and obtaining required regulatory authorizations. In addition, it is a condition for any Ameren Illinois borrowing that, at the time of and after giving effect to such borrowing, Ameren Illinois not be in violation of any limitation on its ability to incur unsecured indebtedness contained in its articles of incorporation.
The Credit Agreements also contain nonfinancial covenants, including restrictions on the ability to incur certain liens, to transact with affiliates, to dispose of assets, to make investments in or transfer assets to its affiliates, and to merge with other entities. The Credit Agreements require each of Ameren, Ameren Missouri, and Ameren Illinois to maintain consolidated indebtedness of not more than 65% of its consolidated total capitalization pursuant to a defined calculation set forth in the agreements. As of December 31, 2018, the ratios of consolidated indebtedness to total consolidated capitalization, calculated in accordance with the provisions of the Credit Agreements, were 53%, 47%, and 48%, for Ameren, Ameren Missouri, and Ameren Illinois, respectively.
The Credit Agreements contain default provisions that apply separately to each borrower. However, a default of Ameren Missouri or Ameren Illinois under the applicable credit agreement is also deemed to constitute a default of Ameren (parent) under such agreement. Defaults include a cross-default resulting from a default of such borrower under any other agreement covering outstanding indebtedness of such borrower and certain subsidiaries (other than project finance subsidiaries and nonmaterial subsidiaries) in excess of $100 million in the aggregate (including under the other credit agreement). However, under the default provisions of the Credit Agreements, any default of Ameren (parent) under either credit agreement that results solely from a default of Ameren Missouri or Ameren Illinois does not result in a cross-default of Ameren (parent) under the other credit agreement. Further, the Credit Agreements default provisions provide that an Ameren (parent) default under either of the Credit Agreements does not constitute a default by Ameren Missouri or Ameren Illinois.
None of the Credit Agreements or financing agreements contain credit rating triggers that would cause a default or acceleration of repayment of outstanding balances. The Ameren Companies were in compliance with the provisions and covenants of the Credit Agreements at December 31, 2018.
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.
Ameren Missouri, Ameren Illinois, and ATXI may participate in the utility money pool as both lenders and borrowers. Ameren (parent) and Ameren Services may participate in the utility money pool only as lenders. Surplus internal funds are contributed to the money pool from participants. The primary sources of external funds for the utility money pool are the Credit Agreements and the commercial paper programs. The total amount available to the pool participants from the utility money pool at any given time is reduced by the amount of borrowings made by participants, but it is increased to the extent that the pool participants advance surplus funds to the utility money pool or remit funds from other external sources. The availability of funds is also determined by funding requirement limits established by regulatory authorizations. Participants receiving a loan under the utility money pool agreement must repay the principal amount of such loan, together with accrued interest. The rate of interest depends on the composition of internal and external funds in the utility money pool. The average interest rate for borrowing under the utility money pool for the year ended December 31, 2018, was 2.10% (2017 – 1.19%).
See Note 13 – Related-party Transactions for the amount of interest income and expense from the utility money pool agreement recorded by the Ameren Companies for the years ended December 31, 2018, 2017, and 2016.
v3.10.0.1
Long-Term Debt And Equity Financings
12 Months Ended
Dec. 31, 2018
Long-Term Debt And Equity Financings [Abstract]  
LONG-TERM DEBT AND EQUITY FINANCINGS
LONG-TERM DEBT AND EQUITY FINANCINGS
The following table presents long-term debt outstanding, including maturities due within one year, for the Ameren Companies as of December 31, 2018 and 2017:
 
2018
 
2017
Ameren (Parent):
 
 
 
2.70% Senior unsecured notes due 2020
$
350

 
$
350

3.65% Senior unsecured notes due 2026
350

 
350

Total long-term debt, gross
700

 
700

Less: Unamortized debt issuance costs
(3
)
 
(4
)
Long-term debt, net
$
697

 
$
696

Ameren Missouri:
 
 
 
Bonds and notes:
 
 
 
6.00% Senior secured notes due 2018(a)

 
179

5.10% Senior secured notes due 2018(a)

 
199

6.70% Senior secured notes due 2019(a)(b)
329

 
329

5.10% Senior secured notes due 2019(a)
244

 
244

5.00% Senior secured notes due 2020(a)
85

 
85

1992 Series bonds due 2022(c)(d)
47

 
47

3.50% Senior secured notes due 2024(a)
350

 
350

2.95% Senior secured notes due 2027(a)
400

 
400

5.45% First mortgage bonds due 2028(e)
(e)

 
(e)

1998 Series A bonds due 2033(c)(d)
60

 
60

1998 Series B bonds due 2033(c)(d)
50

 
50

1998 Series C bonds due 2033(c)(d)
50

 
50

5.50% Senior secured notes due 2034(a)
184

 
184

5.30% Senior secured notes due 2037(a)
300

 
300

8.45% Senior secured notes due 2039(a)(b)
350

 
350

3.90% Senior secured notes due 2042(a)(b)
485

 
485

3.65% Senior secured notes due 2045(a)
400

 
400

4.00% First mortgage bonds due 2048(f)
425

 

Finance obligations:
 
 
 
City of Bowling Green agreement (Peno Creek CT) due 2022(g)
30

 
36

Audrain County agreement (Audrain County CT) due 2023(g)
240

 
240

Total long-term debt, gross
4,029

 
3,988

Less: Unamortized discount and premium
(9
)
 
(7
)
Less: Unamortized debt issuance costs
(22
)
 
(20
)
Less: Maturities due within one year
(580
)
 
(384
)
Long-term debt, net
$
3,418

 
$
3,577

 
2018
 
2017
Ameren Illinois:
 
 
 
Bonds and notes:
 
 
 
6.25% Senior secured notes due 2018(h)

 
144

9.75% Senior secured notes due 2018(h)

 
313

2.70% Senior secured notes due 2022(h)(i)
400

 
400

5.90% First mortgage bonds due 2023(j)
(j)

 
(j)

5.70% First mortgage bonds due 2024(k)
(k)

 
(k)

3.25% Senior secured notes due 2025(h)
300

 
300

6.125% Senior secured notes due 2028(h)
60

 
60

1993 Series B-1 Senior unsecured notes due 2028(d)
17

 
17

3.80% First mortgage bonds due 2028(l)
430

 

6.70% Senior secured notes due 2036(h)
61

 
61

6.70% Senior secured notes due 2036(m)
42

 
42

4.80% Senior secured notes due 2043(h)
280

 
280

4.30% Senior secured notes due 2044(h)
250

 
250

4.15% Senior secured notes due 2046(h)
490

 
490

3.70% First mortgage bonds due 2047(l)
500

 
500

4.50% First mortgage bonds due 2049(l)
500

 

Total long-term debt, gross
3,330

 
2,857

Less: Unamortized discount and premium
(3
)
 
(3
)
Less: Unamortized debt issuance costs
(31
)
 
(24
)
Less: Maturities due within one year

 
(457
)
Long-term debt, net
$
3,296

 
$
2,373

ATXI:
 
 
 
3.43% Senior notes due 2050(n)
$
450

 
$
450

Total long-term debt, gross
450

 
450

Less: Unamortized debt issuance costs
(2
)
 
(2
)
Long-term debt, net
$
448

 
$
448

Ameren consolidated long-term debt, net
$
7,859

 
$
7,094


(a)
These notes are collaterally secured by first mortgage bonds issued by Ameren Missouri under the Ameren Missouri mortgage indenture. The notes have a fall-away lien provision and will remain secured only as long as any first mortgage bonds issued under the Ameren Missouri mortgage indenture remain outstanding. Redemption, purchase, or maturity of all first mortgage bonds, including first mortgage bonds currently outstanding and any that may be issued in the future, would result in a release of the first mortgage bonds currently securing these notes, at which time these notes would become unsecured obligations. Considering the 2048 maturity of the 4.00% first mortgage bonds and the restrictions preventing a release date to occur that are attached to certain senior secured notes described in footnote (b) below, Ameren Missouri does not expect the first mortgage lien protection associated with these notes to fall away.
(b)
Ameren Missouri has agreed that so long as any of the 3.90% senior secured notes due 2042 are outstanding, Ameren Missouri will not permit a release date to occur, and so long as any of the 6.70% senior secured notes due 2019 and 8.45% senior secured notes due 2039 are outstanding, Ameren Missouri will not optionally redeem, purchase, or otherwise retire in full the outstanding first mortgage bonds not subject to release provisions.
(c)
These bonds are collaterally secured by first mortgage bonds issued by Ameren Missouri under the Ameren Missouri mortgage indenture and have a fall-away lien provision similar to that of Ameren Missouri’s senior secured notes. The bonds are also backed by an insurance guarantee policy.
(d)
The interest rates and the periods during which such rates apply vary depending on our selection of defined rate modes. Maximum interest rates could reach 18%, depending on the series of bonds. The average interest rates for 2018 and 2017 were as follows:
    
 
2018
 
2017
Ameren Missouri 1992 Series due 2022
2.37%
 
1.43%
Ameren Missouri 1998 Series A due 2033
2.76%
 
1.77%
Ameren Missouri 1998 Series B due 2033
2.79%
 
1.75%
Ameren Missouri 1998 Series C due 2033
2.83%
 
1.73%
Ameren Illinois 1993 Series B-1 due 2028
1.58%
 
1.08%

(e)
These bonds are first mortgage bonds issued by Ameren Missouri under the Ameren Missouri mortgage bond indenture. They are secured by substantially all Ameren Missouri property and franchises. Less than $1 million principal amount of the bonds remain outstanding.
(f)
These bonds are first mortgage bonds issued by Ameren Missouri under the Ameren Missouri bond indenture. They are secured by substantially all Ameren Missouri property and franchises.
(g)
Payments due related to these financing obligations are paid to a trustee, which is authorized to utilize the cash only to pay equal amounts due to Ameren Missouri under related bonds issued by the city/county and held by Ameren Missouri. The timing and amounts of payments due from Ameren Missouri under the agreements are equal to the timing and amount of bond service payments due to Ameren Missouri, resulting in no net cash flow. The balance of both the financing obligations and the related investments in debt securities, recorded in "Other Assets," was $270 million and $276 million, respectively, as of December 31, 2018 and 2017.
(h)
These notes are collaterally secured by first mortgage bonds issued by Ameren Illinois under its 1992 mortgage indenture. They are secured by substantially all property of the former IP and CIPS. The notes have a fall-away lien provision and will remain secured only as long as any series of first mortgage bonds issued under its 1992 mortgage indenture remain outstanding. Redemption, purchase, or maturity of all first mortgage bonds, including first mortgage bonds currently outstanding and any that may be issued in the future, would result in a release of the first mortgage bonds currently securing these notes, at which time these notes would become unsecured obligations. Considering the 2049 maturity date of the 4.50% first mortgage bonds, Ameren Illinois does not expect the first mortgage lien protection associated with these notes to fall away.
(i)
Ameren Illinois has agreed that so long as any of the 2.70% senior secured notes due 2022 are outstanding, Ameren Illinois will not permit a release date to occur.
(j)
These bonds are first mortgage bonds issued by Ameren Illinois under its 1933 mortgage indenture. They are secured by substantially all property of the former CILCO. The bonds are callable at 100% of par value. Less than $1 million principal amount of the bonds remain outstanding.
(k)
These bonds are first mortgage bonds issued by Ameren Illinois under its 1992 mortgage indenture. They are secured by substantially all property of the former IP and CIPS. The bonds are also backed by an insurance guarantee policy. Less than $1 million principal amount of the bonds remains outstanding.
(l)
These bonds are first mortgage bonds issued by Ameren Illinois under its 1992 mortgage indenture. They are secured by substantially all property of the former IP and CIPS.
(m)
These notes are collaterally secured by first mortgage bonds issued by Ameren Illinois under its 1933 mortgage indenture. They are secured by substantially all property of the former CILCO. The notes have a fall-away lien provision, and Ameren Illinois could cause these notes to become unsecured at any time by redeeming the 5.90% first mortgage bonds due 2023 (of which less than $1 million principal amount remains outstanding).
(n)
The following table presents the principal maturities schedule for the 3.43% senior notes due 2050:
Payment Date
 
Principal Payment
August 2022
$
49.5
August 2024
 
49.5
August 2027
 
49.5
August 2030
 
49.5
August 2032
 
49.5
August 2038
 
49.5
August 2043
 
76.5
August 2050
 
76.5
Total
$
450.0
The following table presents the aggregate maturities of long-term debt, including current maturities, for the Ameren Companies at December 31, 2018:
 
Ameren
(parent)(a)
 
 Ameren
Missouri(a)
 
 Ameren
Illinois(a)
 
 ATXI(a)
 
Ameren
Consolidated
2019
$

 
$
580

 
$

 
$

 
$
580

2020
350

 
92

 

 

 
442

2021

 
8

 

 

 
8

2022

 
55

 
400

 
50

 
505

2023

 
240

 

 

 
240

Thereafter
350

 
3,054

 
2,930

 
400

 
6,734

Total
$
700

 
$
4,029

 
$
3,330

 
$
450

 
$
8,509

(a)
Excludes unamortized discount, unamortized premium, and debt issuance costs of $3 million, $31 million, $34 million and $2 million at Ameren (parent), Ameren Missouri, Ameren Illinois and ATXI, respectively.
All classes of Ameren Missouri’s and Ameren Illinois’ preferred stock are entitled to cumulative dividends, have voting rights, and are not subject to mandatory redemption. The preferred stock of Ameren’s subsidiaries is included in “Noncontrolling Interests” on Ameren’s consolidated balance sheet. The following table presents the outstanding preferred stock of Ameren Missouri and Ameren Illinois, which is redeemable, at the option of the issuer, at the prices shown below as of December 31, 2018 and 2017:
 
 
 
Redemption Price (per share)
 
2018
 
2017
Ameren Missouri:
 
 
 
 
 
 
 
Without par value and stated value of $100 per share, 25 million shares authorized
 
 
 
 
 
 
$3.50 Series
130,000 shares
 
$
110.00

 
$
13

 
$
13

$3.70 Series
40,000 shares
 
104.75

 
4

 
4

$4.00 Series
150,000 shares
 
105.625

 
15

 
15

$4.30 Series
40,000 shares
 
105.00

 
4

 
4

$4.50 Series
213,595 shares
 
110.00

(a) 
21

 
21

$4.56 Series
200,000 shares
 
102.47

 
20

 
20

$4.75 Series
20,000 shares
 
102.176

 
2

 
2

$5.50 Series A
14,000 shares
 
110.00

 
1

 
1

Total
 
 
 
$
80

 
$
80

Ameren Illinois:
 
 
 
 
 
 
 
With par value of $100 per share, 2 million shares authorized
 
 
 
 
 
 
4.00% Series
144,275 shares
 
$
101.00

 
$
14

 
$
14

4.08% Series
45,224 shares
 
103.00

 
5

 
5

4.20% Series
23,655 shares
 
104.00

 
2

 
2

4.25% Series
50,000 shares
 
102.00

 
5

 
5

4.26% Series
16,621 shares
 
103.00

 
2

 
2

4.42% Series
16,190 shares
 
103.00

 
2

 
2

4.70% Series
18,429 shares
 
103.00

 
2

 
2

4.90% Series
73,825 shares
 
102.00

 
7

 
7

4.92% Series
49,289 shares
 
103.50

 
5

 
5

5.16% Series
50,000 shares
 
102.00

 
5

 
5

6.625% Series
124,274 shares
 
100.00

 
12

 
12

7.75% Series
4,542 shares
 
100.00

 
1

 
1

Total
 
 
 
$
62

 
$
62

Total Ameren
 
 
 
$
142

 
$
142

(a)
In the event of voluntary liquidation, $105.50.
Ameren has 100 million shares of $0.01 par value preferred stock authorized, with no such shares outstanding. Ameren Missouri has 7.5 million shares of $1 par value preference stock authorized, with no such shares outstanding. Ameren Illinois has 2.6 million shares of no par value preferred stock authorized, with no such shares outstanding.
Ameren
In 2018, Ameren issued a total of 1.2 million shares of common stock under its DRPlus and 401(k) plan, and received proceeds of $74 million. In addition, in 2018, Ameren issued 0.7 million shares of common stock valued at $35 million upon the vesting of stock-based compensation. Ameren did not issue any common stock in 2017 or 2016.
In October 2018, Ameren filed a Form S-8 registration statement with the SEC, authorizing the offering of 4 million additional shares of its common stock under its 401(k) plan. Shares of common stock issuable under the 401(k) plan are, at Ameren’s option, newly issued shares, treasury shares, or shares purchased in the open market or in privately negotiated transactions.
In December 2017, Ameren, Ameren Missouri, and Ameren Illinois filed a Form S-3 shelf registration statement with the SEC, registering the issuance of an indeterminate amount of certain types of securities. The registration statement became effective immediately upon filing and expires in December 2020.
Ameren filed a Form S-3 registration statement with the SEC in May 2017, authorizing the offering of 6 million additional shares of its common stock under the DRPlus, which expires in 2020. Shares of common stock sold under the DRPlus are, at Ameren’s option, newly issued shares, treasury shares, or shares purchased in the open market or in privately negotiated transactions. As of December 31, 2018 and 2017, the DRPlus participant funds of $1 million and $8 million, respectively, were reflected on Ameren’s consolidated balance sheets in “Other current assets.”
Ameren Missouri
In April 2018, Ameren Missouri issued $425 million of 4.00% first mortgage bonds due April 2048, with interest payable semiannually on April 1 and October 1 of each year, beginning October 1, 2018. Ameren Missouri received proceeds of $419 million, which were used to repay outstanding short-term debt, including short-term debt that Ameren Missouri incurred in connection with the repayment of $179 million of its 6.00% senior secured notes that matured April 1, 2018.
In August 2018, $199 million principal amount of Ameren Missouri’s 5.10% senior secured notes matured and were repaid with cash on hand.
In June 2017, Ameren Missouri issued $400 million of 2.95% senior secured notes due June 2027, with interest payable semiannually on June 15 and December 15 of each year, beginning December 15, 2017. Ameren Missouri received proceeds of $396 million, which were used, in conjunction with other available funds, to repay at maturity $425 million of Ameren Missouri’s 6.40% senior secured notes in June 2017.
For information on Ameren Missouri’s capital contributions, refer to Capital Contributions in Note 13 – Related-party Transactions.
Ameren Illinois
In May 2018, Ameren Illinois issued $430 million of 3.80% first mortgage bonds due May 2028, with interest payable semiannually on May 15 and November 15 of each year, beginning November 15, 2018. Ameren Illinois received proceeds of $427 million, which were used to repay outstanding short-term debt, including short-term debt that Ameren Illinois incurred in connection with the repayment of $144 million of its 6.25% senior secured notes that matured April 1, 2018.
In November 2018, Ameren Illinois issued $500 million of 4.50% first mortgage bonds due March 2049, with interest payable semiannually on March 15 and September 15 of each year, beginning March 15, 2019. Ameren Illinois received proceeds of $495 million, which were used to repay outstanding short-term debt, including short-term debt that Ameren Illinois incurred in connection with the repayment of $313 million of its 9.75% senior secured notes that matured November 15, 2018.
In November 2017, Ameren Illinois issued $500 million of 3.70% first mortgage bonds due December 2047, with interest payable semiannually on June 1 and December 1 of each year, beginning June 1, 2018. Ameren Illinois received proceeds of $492 million, which were used to repay outstanding short-term debt, including short-term debt that Ameren Illinois incurred in connection with the repayment of $250 million of its 6.125% senior secured notes that matured in November 2017.
For information on Ameren Illinois’ capital contributions, refer to Capital Contributions in Note 13 – Related-party Transactions.
ATXI
In June 2017, pursuant to a note purchase agreement, ATXI agreed to issue $450 million principal amount of 3.43% senior unsecured notes, due 2050, with interest payable semiannually on the last day of February and August of each year, beginning February 28, 2018, through a private placement offering exempt from registration under the Securities Act of 1933, as amended. ATXI issued $150 million principal amount of the notes in June 2017 and the remaining $300 million principal amount of the notes in August 2017. ATXI received proceeds of $449 million from the notes, which were used by ATXI to repay existing short-term and long-term affiliate debt.
Indenture Provisions and Other Covenants
Ameren Missouri’s and Ameren Illinois’ indentures and articles of incorporation include covenants and provisions related to issuances of first mortgage bonds and preferred stock. Ameren Missouri and Ameren Illinois are required to meet certain ratios to issue additional first mortgage bonds and preferred stock. A failure to achieve these ratios would not result in a default under these covenants and provisions but would restrict the companies’ ability to issue bonds or preferred stock. The following table summarizes the required and actual interest coverage ratios for interest charges, dividend coverage ratios, and bonds and preferred stock issuable as of December 31, 2018, at an assumed interest rate of 5% and dividend rate of 6%.
 
Required Interest
Coverage Ratio(a)
Actual Interest
Coverage Ratio
Bonds Issuable(b)
 
Required Dividend
Coverage Ratio(c)
Actual Dividend
Coverage Ratio
Preferred Stock
Issuable
 
Ameren Missouri
>2.0
5.5

$
4,688

 
>2.5
140.8

$
3,153

 
Ameren Illinois
>2.0
6.9

4,234

(d) 
>1.5
3.2

203

(e) 
(a)
Coverage required on the annual interest charges on first mortgage bonds outstanding and to be issued. Coverage is not required in certain cases when additional first mortgage bonds are issued on the basis of retired bonds.
(b)
Amount of bonds issuable based either on required coverage ratios or unfunded property additions, whichever is more restrictive. The amounts shown also include bonds issuable based on retired bond capacity of $2,006 million and $985 million at Ameren Missouri and Ameren Illinois, respectively.
(c)
Coverage required on the annual dividend on preferred stock outstanding and to be issued, as required in the respective company’s articles of incorporation.
(d)
Amount of bonds issuable by Ameren Illinois based on unfunded property additions and retired bonds solely under its 1992 mortgage indenture.
(e)
Preferred stock issuable is restricted by the amount of preferred stock that is currently authorized by Ameren Illinois’ articles of incorporation.
Ameren’s indenture does not require Ameren to comply with any quantitative financial covenants. The indenture does, however, include certain cross-default provisions. Specifically, either (1) the failure by Ameren to pay when due and upon expiration of any applicable grace period any portion of any Ameren indebtedness in excess of $25 million, or (2) the acceleration upon default of the maturity of any Ameren indebtedness in excess of $25 million under any indebtedness agreement, including borrowings under the Credit Agreements or the Ameren commercial paper program, constitutes a default under the indenture, unless such past due or accelerated debt is discharged or the acceleration is rescinded or annulled within a specified period.
Ameren Missouri and Ameren Illinois and certain other nonregistrant Ameren subsidiaries are subject to Section 305(a) of the Federal Power Act, which makes it unlawful for any officer or director of a public utility, as defined in the Federal Power Act, to participate in the making or paying of any dividend from any funds “properly included in capital account.” The FERC has consistently interpreted the provision to allow dividends to be paid as long as (1) the source of the dividends is clearly disclosed, (2) the dividends are not excessive, and (3) there is no self-dealing on the part of corporate officials. At a minimum, Ameren believes that dividends can be paid by its subsidiaries that are public utilities from net income and retained earnings. In addition, under Illinois law, Ameren Illinois and ATXI may not pay any dividend on their respective stock unless, among other things, their respective earnings and earned surplus are sufficient to declare and pay a dividend after provisions are made for reasonable and proper reserves, or unless Ameren Illinois or ATXI has specific authorization from the ICC.
Ameren Illinois’ articles of incorporation require dividend payments on its common stock to be based on ratios of common stock to total capitalization and other provisions related to certain operating expenses and accumulations of earned surplus. Ameren Illinois has made a commitment to the FERC to maintain a minimum 30% ratio of common stock equity to total capitalization. As of December 31, 2018, using the FERC-agreed upon calculation method, Ameren Illinois’ ratio of common stock equity to total capitalization was 51%.
ATXI’s note purchase agreement includes financial covenants that require ATXI not to permit at any time (1) debt to exceed 70% of total capitalization or (2) secured debt to exceed 10% of total assets.
At December 31, 2018, 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. In order for the Ameren Companies to issue securities in the future, they will have to comply with all applicable requirements in effect at the time of any such issuances.
Off-Balance-Sheet Arrangements
At December 31, 2018, none of the Ameren Companies had any significant off-balance-sheet financing arrangements, other than operating leases entered into in the ordinary course of business, 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.
v3.10.0.1
Other Income, Net
12 Months Ended
Dec. 31, 2018
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 years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren:
 
 
 
 
 
Other Income, Net
 
 
 
 
 
Allowance for equity funds used during construction
$
36

 
$
24

 
$
27

Interest income on industrial development revenue bonds
26

 
26

 
27

Other interest income
7

  
8

  
13

Non-service cost components of net periodic benefit income
70

(a) 
44

 
56

Other income
8

 
5

 
10

Donations
(33
)
 
(8
)
 
(16
)
Other expense
(12
)
 
(13
)
 
(16
)
Total Other Income, Net
$
102

 
$
86

 
$
101

Ameren Missouri:
 
 
 
 
 
Other Income, Net
 
 
 
 
 
Allowance for equity funds used during construction
$
27

 
$
21

 
$
23

Interest income on industrial development revenue bonds
26

 
26

 
27

Other interest income
2

 
1

 
1

Non-service cost components of net periodic benefit income
17

(a) 
22

 
18

Other income
4

 
3

 
3

Donations
(14
)
 
(2
)
 
(4
)
Other expense
(6
)
 
(6
)
 
(6
)
Total Other Income, Net
$
56

 
$
65

 
$
62

Ameren Illinois:
 
 
 
 
 
Other Income, Net
 
 
 
 
 
Allowance for equity funds used during construction
$
9

 
$
3

 
$
4

Interest income
6

 
7

 
12

Non-service cost components of net periodic benefit income
34

 
10

 
24

Other income
3

 
2

 
6

Donations
(6
)
 
(5
)
 
(6
)
Other expense
(4
)
 
(5
)
 
(6
)
Total Other Income, Net
$
42

 
$
12

 
$
34

.
(a)
For the year ended December 31, 2018, the non-service cost components of net periodic benefit income were partially offset by a $17 million deferral 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.
v3.10.0.1
Derivative Financial Instruments
12 Months Ended
Dec. 31, 2018
Derivative Instrument Detail [Abstract]  
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS
We use derivatives to manage the risk of changes in market prices for natural gas and power, 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 inventories that differ from the cost of those commodities in inventory; and
actual cash outlays for the purchase of these commodities that differ from anticipated cash outlays.
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.
The following table presents open gross commodity contract volumes by commodity type for derivative assets and liabilities as of December 31, 2018 and 2017. As of December 31, 2018, these contracts extended through October 2021, March 2023, and May 2032 for fuel oils, natural gas, and power, respectively.
 
Quantity (in millions)
 
2018
2017
Commodity
Ameren Missouri
Ameren Illinois
Ameren
Ameren Missouri
Ameren Illinois
Ameren
Fuel oils (in gallons)(a)
66


66

28


28

Natural gas (in mmbtu)
19

154

173

24

139

163

Power (in megawatthours)
1

8

9

3

9

12


(a)
Consists of ultra-low-sulfur diesel products.
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. See Note 8 – Fair Value Measurements for discussion of our methods of assessing the fair value of derivative instruments. 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.
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 December 31, 2018 and 2017, all contracts that met the definition of a derivative and were not eligible for the NPNS exception received regulatory deferral.
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 December 31, 2018 and 2017:
 
2018
 
 
2017
Commodity
Balance Sheet Location
 
Ameren
Missouri
 
 
Ameren
Illinois
 
 
Ameren
 
 
 
Ameren
Missouri
 
 
Ameren
Illinois
 
 
Ameren
Fuel oils
Other current assets
$
3

 
$

 
$
3

 
 
$
5

 
$

 
$
5

 
Other assets
 
5

 
 

 
 
5

 
 
 
2

 
 

 
 
2

Natural gas
Other current assets
 

 
 
1

 
 
1

 
 
 

 
 

 
 

 
Other assets
 

 
 
2

 
 
2

 
 
 
1

 
 

 
 
1

Power
Other current assets
 
4

 
 

 
 
4

 
 
 
9

 
 

 
 
9

 
Total assets
$
12

 
$
3

 
$
15

 
 
$
17

 
$

 
$
17

Fuel oils
Other current liabilities
$
4

 
$

 
$
4

 
 
$

 
$

 
$

 
Other deferred credits and liabilities
 
9

 
 

 
 
9

 
 
 

 
 

 
 

Natural gas
Other current liabilities
 
4

 
 
8

 
 
12

 
 
 
5

 
 
12

 
 
17

 
Other deferred credits and liabilities
 
1

 
 
6

 
 
7

 
 
 
3

 
 
10

 
 
13

Power
Other current liabilities
 
4

 
 
14

 
 
18

 
 
 
1

 
 
13

 
 
14

 
Other deferred credits and liabilities
 

 
 
169

 
 
169

 
 
 

 
 
182

 
 
182

 
Total liabilities
$
22

 
$
197

 
$
219

 
 
$
9

 
$
217

 
$
226


Derivative instruments are subject to various credit-related losses in the event of nonperformance by counterparties to the transaction. Exchange-traded contracts are supported by the financial and credit quality of the clearing members of the respective exchanges; these contracts have nominal credit risk. In all other transactions, we are exposed to credit risk. Our credit risk management program involves establishing credit limits and collateral requirements for counterparties, using master netting arrangements or similar agreements, and reporting daily exposure to senior management.
We believe that entering into master netting arrangements or similar agreements mitigates the level of financial loss that could result from default by allowing net settlement of derivative assets and liabilities. These master netting arrangements allow the counterparties to net settle sale and purchase transactions. Further, collateral requirements are calculated at the master netting arrangement or similar agreement level by counterparty.
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 December 31, 2018 and 2017.
Concentrations of 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. We calculate maximum exposures based on the gross fair value of financial instruments, including NPNS and other accrual contracts. These exposures are calculated on a gross basis, which include affiliate exposure not eliminated at the consolidated Ameren level. As of December 31, 2018, if counterparty groups were to fail completely to perform on contracts, the Ameren Companies’ maximum exposure would have been immaterial with or without consideration of the application of master netting arrangements or similar agreements and collateral held.
Derivative Instruments with Credit Risk-Related Contingent Features
Our commodity contracts 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 following table presents, as of December 31, 2018, the aggregate fair value of all 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. The additional collateral required is the net liability position allowed under the master netting arrangements or similar agreements, assuming (1) the credit risk-related contingent features underlying these arrangements were triggered on December 31, 2018, and (2) those counterparties with rights to do so requested collateral.
 
Aggregate Fair Value of
Derivative Liabilities(a)
 
Cash
Collateral Posted
 
Potential Aggregate Amount of
Additional Collateral Required(b)
Ameren Missouri
$
76

 
$
4

 
$
64

Ameren Illinois
37

 

 
30

Ameren
$
113

 
$
4

 
$
94

(a)
Before consideration of master netting arrangements or similar agreements and including NPNS and other accrual contract exposures.
(b)
As collateral requirements with certain counterparties are based on master netting arrangements or similar agreements, the aggregate amount of additional collateral required to be posted is determined after consideration of the effects of such arrangements.
v3.10.0.1
Fair Value Measurements
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS
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. We use various methods to determine fair value, including market, income, and cost approaches. With these approaches, we adopt certain assumptions that market participants would use in pricing the asset or liability, including assumptions about market risk or the risks inherent in the inputs to the valuation. Inputs to valuation can be readily observable, market-corroborated, or unobservable. We use valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Authoritative accounting guidance established a fair value hierarchy that prioritizes the inputs used to measure fair value. All financial assets and liabilities carried at fair value are classified and disclosed in one of the following three hierarchy levels:
Level 1 (quoted prices in active markets for identical assets or liabilities): Inputs based on quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities are primarily exchange-traded derivatives and assets, including cash and cash equivalents and listed equity securities.
The market approach is used to measure the fair value of equity securities held in Ameren Missouri’s nuclear decommissioning trust fund. Equity securities in this fund are representative of the S&P 500 index, excluding securities of Ameren Corporation, owners and/or operators of nuclear power plants, and the trustee and investment managers. The S&P 500 index comprises stocks of large-capitalization companies.
Level 2 (significant other observable inputs): Market-based inputs corroborated by third-party brokers or exchanges based on transacted market data. Level 2 assets and liabilities include certain assets held in Ameren Missouri’s nuclear decommissioning trust fund, including United States Treasury and agency securities, corporate bonds and other fixed-income securities, and certain over-the-counter derivative instruments, including natural gas and financial power transactions.
Fixed income securities are valued by using prices from independent industry-recognized data vendors who provide values that are either exchange-based or matrix-based. The fair value measurements of fixed-income securities classified as Level 2 are based on inputs other than quoted prices that are observable for the asset or liability. Examples are matrix pricing, market corroborated pricing, and inputs such as yield curves and indices.
Derivative instruments classified as Level 2 are valued by corroborated observable inputs, such as pricing services or prices from similar instruments that trade in liquid markets. Our development and corroboration process entails obtaining multiple quotes or prices from outside sources. To derive our forward view to price our derivative instruments at fair value, we average the bid/ask spreads to the midpoints. To validate forward prices obtained from outside parties, we compare the pricing to recently settled market transactions. Additionally, a review of all sources is performed to identify any anomalies or potential errors. Further, we consider the volume of transactions on certain trading platforms in our reasonableness assessment of the averaged midpoints. The value of natural gas derivative contracts is based upon exchange closing prices without significant unobservable adjustments. The value of power derivative contracts is based upon exchange closing prices or the use of multiple forward prices provided by third parties. The prices are averaged and shaped to a monthly profile when needed without significant unobservable adjustments.
Level 3 (significant other unobservable inputs): Unobservable inputs that are not corroborated by market data. Level 3 assets and liabilities are valued by internally developed models and assumptions or methodologies that use significant unobservable inputs. Level 3 assets and liabilities include derivative instruments that trade in less liquid markets, where pricing is largely unobservable. We value Level 3 instruments by using pricing models with inputs that are often unobservable in the market, such as certain internal assumptions, quotes or prices from outside sources not supported by a liquid market, or escalation rates. Our development and corroboration process entails reasonableness reviews and an evaluation of all sources to identify any anomalies or potential errors.
We perform an analysis each quarter to determine the appropriate hierarchy level of the assets and liabilities subject to fair value measurements. Financial assets and liabilities are classified in their entirety according to the lowest level of input that is significant to the fair value measurement. All assets and liabilities whose fair value measurement is based on significant unobservable inputs are classified as Level 3.
We consider nonperformance risk in our valuation of derivative instruments by analyzing the credit standing of our counterparties and considering any counterparty credit enhancements (e.g., collateral). The guidance also requires that the fair value measurement of liabilities reflect the nonperformance risk of the reporting entity, as applicable. Therefore, we have factored the impact of our credit standing, as well as any potential credit enhancements, into the fair value measurement of both derivative assets and derivative liabilities. 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 2018, 2017, or 2016. At December 31, 2018 and 2017, 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 December 31, 2018 and 2017:
 
 
December 31, 2018
 
 
December 31, 2017
 
 
Level 1
Level 2
Level 3
Total
 
 
Level 1
Level 2
Level 3
Total
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
Ameren
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Fuel oils
$
1

$

$
7

$
8

 
 
$
4

$

$
3

$
7

 
 
Natural gas

2

1

3

 
 


1

1

 
 
Power

1

3

4

 
 

1

8

9

 
 
Total derivative assets – commodity contracts
$
1

$
3

$
11

$
15

 
 
$
4

$
1

$
12

$
17

 
 
Nuclear decommissioning trust fund:
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. large capitalization
$
427

$

$

$
427

 
 
$
468

$

$

$
468

 
 
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency securities

148


148

 
 

125


125

 
 
Corporate bonds

72


72

 
 

82


82

 
 
Other

32


32

 
 

25


25

 
 
Total nuclear decommissioning trust fund
$
427

$
252

$

$
679

(b) 
 
$
468

$
232

$

$
700

(b) 
 
Total Ameren
$
428

$
255

$
11

$
694

 
 
$
472

$
233

$
12

$
717

 
Ameren Missouri
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Fuel oils
$
1

$

$
7

$
8

 
 
$
4

$

$
3

$
7

 
 
Natural gas




 
 


1

1

 
 
Power

1

3

4

 
 

1

8

9

 
 
Total derivative assets – commodity contracts
$
1

$
1

$
10

$
12

 
 
$
4

$
1

$
12

$
17

 
 
Nuclear decommissioning trust fund:
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. large capitalization
$
427

$

$

$
427

 
 
$
468

$

$

$
468

 
 
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency securities

148


148

 
 

125


125

 
 
Corporate bonds

72


72

 
 

82


82

 
 
Other

32


32

 
 

25


25

 
 
Total nuclear decommissioning trust fund
$
427

$
252

$

$
679

(b) 
 
$
468

$
232

$

$
700

(b) 
 
Total Ameren Missouri
$
428

$
253

$
10

$
691

 
 
$
472

$
233

$
12

$
717

 
Ameren Illinois
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Natural gas
$

$
2

$
1

$
3

 
 
$

$

$

$

 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Ameren
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Fuel oils
$
2

$

$
11

$
13

 
 
$

$

$

$

 
 
Natural gas

15

4

19

 
 
1

25

4

30

 
 
Power

1

186

187

 
 


196

196

 
 
Total Ameren
$
2

$
16

$
201

$
219

 
 
$
1

$
25

$
200

$
226

 
Ameren Missouri
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Fuel oils
$
2

$

$
11

$
13

 
 
$

$

$

$

 
 
Natural gas

5


5

 
 

7

1

8

 
 
Power

1

3

4

 
 


1

1

 
 
Total Ameren Missouri
$
2

$
6

$
14

$
22

 
 
$

$
7

$
2

$
9

 
Ameren Illinois
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Natural gas
$

$
10

$
4

$
14

 
 
$
1

$
18

$
3

$
22

 
 
Power


183

183

 
 


195

195

 
 
Total Ameren Illinois
$

$
10

$
187

$
197

 
 
$
1

$
18

$
198

$
217

 
(a)
The derivative asset and liability balances are presented net of registrant and counterparty credit considerations.
(b)
Balance excludes $5 million and $4 million of cash and cash equivalents, receivables, payables, and accrued income, net for December 31, 2018 and 2017, respectively.
See Note 10 – Retirement Benefits for tables that set forth, by level within the fair value hierarchy, Ameren’s pension and postretirement plan assets as of December 31, 2018 and 2017.
Level 3 fuel oils and natural gas 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 years ended December 31, 2018 and 2017:
 
2018
 
 
2017
 
Ameren
Missouri
Ameren
Illinois
Ameren
 
 
Ameren
Missouri
Ameren
Illinois
Ameren
Beginning balance at January 1
$
7

$
(195
)
$
(188
)
 
 
$
7

$
(185
)
$
(178
)
Realized and unrealized gains (losses) included in regulatory assets/liabilities
(6
)

(6
)
 
 
(4
)
(21
)
(25
)
Purchases
5


5

 
 
14


14

Sales



 
 
1


1

Settlements
(5
)
12

7

 
 
(11
)
11


Transfers out of Level 3
(1
)

(1
)
 
 



Ending balance at December 31
$

$
(183
)
$
(183
)
 
 
$
7

$
(195
)
$
(188
)
Change in unrealized gains (losses) related to assets/liabilities held at December 31
$
(1
)
$
(2
)
$
(3
)
 
 
$

$
(22
)
$
(22
)

Transfers into or out of Level 3 represent either (1) existing assets and liabilities that were previously categorized as a higher level, but were recategorized to Level 3 because the inputs to the model became unobservable during the period, or (2) existing assets and liabilities that were previously classified as Level 3, but were recategorized to a higher level because the lowest significant input became observable during the period. For the years ended December 31, 2018 and 2017, there were no material transfers between Level 1 and Level 2, Level 1 and Level 3, or Level 2 and Level 3 related to derivative commodity contracts.
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 net 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 December 31, 2018 and 2017:
 
 
Fair Value(a)
 
 
 
 
Weighted
 
Commodity
Assets
Liabilities
 
Valuation Technique(s)
Unobservable Input
Range
Average
2018
Power(b)
$
3

$
(186
)

Discounted cash flow
Average forward peak and off-peak pricing – forwards/swaps($/MWh)(c)
23  39
28
 
 
 
 

 
Nodal basis($/MWh)(c)
(9)  0
(2)
 
 
 
 

Fundamental energy production model
Estimated future natural gas prices($/mmbtu)(c)
3  4
3
 
 
 
 

 
Escalation rate(%)(c)(d)
4  5
4
2017
Power(b)
$
8

$
(196
)

Discounted cash flow
Average forward peak and off-peak pricing – forwards/swaps($/MWh)(c)
24 – 46
28
 
 
 
 

 
Nodal basis($/MWh)(c)
(10) – 0
(2)
 
 
 
 

Fundamental energy production model
Estimated future natural gas prices($/mmbtu)(c)
3 – 4
3
 
 
 
 

 
Escalation rate(%)(c)(d)
5
5
(a)The derivative asset and liability balances are presented net of registrant and counterparty credit considerations.
(b)
Power valuations use visible third-party pricing evaluated by month for peak and off-peak demand through 2022 and 2021 for December 31, 2018 and 2017, respectively. Valuations beyond 2022 and 2021 for December 31, 2018 and 2017, respectively, use fundamentally modeled pricing by month for peak and off-peak demand.
(c)
Generally, significant increases (decreases) in this input in isolation would result in a significantly higher (lower) fair value measurement.
(d)
Escalation rate applies to power prices in 2031 and beyond.
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 carried, at fair value as of December 31, 2018 and 2017:
 
December 31, 2018
 
Carrying
Amount
 
Fair Value
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Ameren:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
107

 
$
107

 
$

 
$

 
$
107

Investments in held-to-maturity debt securities(a)
270

 

 
270

 

 
270

Short-term debt
597

 

 
597

 

 
597

Long-term debt (including current portion)(a)
8,439

(b) 

 
8,240

 
429

(c) 
8,669

Ameren Missouri:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
8

 
$
8

 
$

 
$

 
$
8

Investments in held-to-maturity debt securities(a)
270

 

 
270

 

 
270

Short-term debt
55

 

 
55

 

 
55

Long-term debt (including current portion)(a)
3,998

(b) 

 
4,156

 

 
4,156

Ameren Illinois:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
80

 
$
80

 
$

 
$

 
$
80

Short-term debt
72

 

 
72

 

 
72

Long-term debt (including current portion)
3,296

(b) 

 
3,391

 

 
3,391

 
December 31, 2017
Ameren:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
68

 
$
68

 
$

 
$

 
$
68

Investments in held-to-maturity debt securities(a)
276

 

 
276

 

 
276

Short-term debt
484

 

 
484

 

 
484

Long-term debt (including current portion)(a)
7,935

(b) 

 
8,531

 

 
8,531

Ameren Missouri:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
7

 
$
7

 
$

 
$

 
$
7

Investments in held-to-maturity debt securities(a)
276

 

 
276

 

 
276

Short-term debt
39

 

 
39

 

 
39

Long-term debt (including current portion)(a)
3,961

(b) 

 
4,348

 

 
4,348

Ameren Illinois:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
41

 
$
41

 
$

 
$

 
$
41

Short-term debt
62

 

 
62

 

 
62

Long-term debt (including current portion)
2,830

(b) 

 
3,028

 

 
3,028

(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 December 31, 2018 and 2017, 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 $58 million, $22 million, and $31 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of December 31, 2018. Included unamortized debt issuance costs, which were excluded from the fair value measurement, of $50 million, $20 million, and $24 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of December 31, 2017.
(c)
The Level 3 fair value amount consists of ATXI’s senior unsecured notes. In the first quarter of 2018, the amount was transferred to Level 3 because inputs to the valuation model became unobservable during the period.
v3.10.0.1
Callaway Energy Center
12 Months Ended
Dec. 31, 2018
Nuclear Waste Matters [Abstract]  
CALLAWAY ENERGY CENTER
Spent Nuclear Fuel
Under the NWPA, the DOE is responsible for disposing of spent nuclear fuel from the Callaway energy center and other commercial nuclear energy centers. As required by the NWPA, Ameren Missouri and other utilities have entered into standard contracts with the DOE, which stated that the DOE would begin to dispose of spent nuclear fuel by 1998. However, the DOE has failed to fulfill its disposal obligations, and Ameren Missouri and other nuclear energy center owners sued the DOE to recover costs incurred for ongoing storage of their spent fuel. Ameren Missouri’s lawsuit against the DOE resulted in a settlement agreement that provides for annual reimbursement of additional spent fuel storage and related costs. Ameren Missouri received reimbursements from the DOE of $11 million, $3 million, and $24 million in 2018, 2017, and 2016, respectively. Ameren Missouri will continue to apply for reimbursement from the DOE for allowable costs associated with the ongoing storage of spent fuel. The DOE’s delay in carrying out its obligation to dispose of spent nuclear fuel from the Callaway energy center is not expected to adversely affect the continued operations of the energy center.
Decommissioning
Electric rates charged to customers provide for the recovery of the Callaway energy center’s decommissioning costs, which include decontamination, dismantling, and site restoration costs, over the expected life of the nuclear energy center. Amounts collected from customers are deposited into the external nuclear decommissioning trust fund to provide for the Callaway energy center’s decommissioning. It is assumed that the Callaway energy center site will be decommissioned through the immediate dismantlement method and removed from service. Ameren and Ameren Missouri have recorded an ARO for the Callaway energy center decommissioning costs at fair value, which represents the present value of estimated future cash outflows. Annual decommissioning costs of $7 million are included in the costs used to establish electric rates for Ameren Missouri’s customers. Every three years, the MoPSC requires Ameren Missouri to file an updated cost study and funding analysis for decommissioning its Callaway energy center. An updated cost study and funding analysis was filed with the MoPSC in September 2017 and reflected within the ARO. In January 2018, the MoPSC approved no change in electric rates for decommissioning costs consistent with Ameren Missouri’s updated cost study and funding analysis.
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. If the assumed return on trust assets is not earned, Ameren Missouri believes that it is probable that any such earnings deficiency will be recovered in rates.
Ameren Missouri has investments in debt and equity securities that are held in a trust fund for the purpose of funding the decommissioning of its Callaway energy center. We have classified these investments as available for sale, and we have recorded all such investments at their fair market value at December 31, 2018 and 2017. Investments in the nuclear decommissioning trust fund have a target allocation of 60% to 70% in equity securities, with the balance invested in debt securities.
The following table presents proceeds from the sale and maturities of investments in Ameren Missouri’s nuclear decommissioning trust fund and the gross realized gains and losses resulting from those sales for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Proceeds from sales and maturities
$
299

 
$
305

 
$
304

Gross realized gains
18

 
13

 
7

Gross realized losses
5

 
5

 
4


Net realized and unrealized gains and losses are deferred and are currently reflected in the regulatory liability related to AROs on Ameren’s and Ameren Missouri’s balance sheets. This reporting is consistent with the method used to account for the decommissioning costs recovered in rates. Gains or losses associated with assets in the trust fund could result in lower or higher funding requirements for decommissioning costs, which are expected to be reflected in electric rates paid by Ameren Missouri’s customers. See Note 2 – Rate and Regulatory Matters.
The following table presents the costs and fair values of investments in debt and equity securities in Ameren’s and Ameren Missouri’s nuclear decommissioning trust fund at December 31, 2018 and 2017:
Security Type
Cost
 
Gross Unrealized Gain
 
Gross Unrealized Loss
 
Fair Value
2018
 
 
 
 
 
 
 
Debt securities
$
253

 
$
3

$
4

 
$
252

Equity securities
162

 
277

 
12

 
427

Cash and cash equivalents
3

 

 

 
3

Other(a)
2

 

 

 
2

Total
$
420

 
$
280

$
16

 
$
684

2017
 
 
 
 
 
 
 
Debt securities
$
228

 
$
5

$
1

 
$
232

Equity securities
155

 
318

 
5

 
468

Cash and cash equivalents
2

 

 

 
2

Other(a)
2

 

 

 
2

Total
$
387

 
$
323

$
6

 
$
704


(a)
Represents net receivables and payables relating to pending security sales, interest, and security purchases.
The following table presents the costs and fair values of investments in debt securities in Ameren’s and Ameren Missouri’s nuclear decommissioning trust fund according to their contractual maturities at December 31, 2018:
 
Cost
 
Fair Value
Less than 5 years
$
140

 
$
140

5 years to 10 years
48

 
47

Due after 10 years
65

 
65

Total
$
253

 
$
252


There are unrealized losses relating to certain available-for-sale investments included in the nuclear decommissioning trust fund, deferred within the regulatory liability as discussed above. Decommissioning will not occur until Ameren Missouri’s nuclear energy center is retired. The Callaway energy center’s operating license expires in 2044.
Insurance
The following table presents insurance coverage at Ameren Missouri’s Callaway energy center at December 31, 2018. The property coverage and the nuclear liability coverage renewal dates are April 1 and January 1, respectively, of each year. Both coverages were renewed in 2018.
Type and Source of Coverage
Maximum Coverages
 
Maximum Assessments
for Single Incidents
 
Public liability and nuclear worker liability:
 
 
 
 
American Nuclear Insurers
$
450

 
$

 
Pool participation
13,623

(a) 
138

(b) 
 
$
14,073

(c) 
$
138

 
Property damage:
 
 
 
 
NEIL and EMANI
$
3,200

(d) 
$
27

(e) 
Replacement power:
 
 
 
 
NEIL
$
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 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. 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.
v3.10.0.1
Retirement Benefits
12 Months Ended
Dec. 31, 2018
Defined Benefit Plan [Abstract]  
RETIREMENT BENEFITS
RETIREMENT BENEFITS
The primary objective of the Ameren pension and postretirement benefit plans is to provide eligible employees with pension and postretirement health care and life insurance benefits. Ameren has defined benefit pension and postretirement benefit plans covering substantially all of its union employees. Ameren has defined benefit pension plans covering substantially all of its non-union employees and postretirement benefit plans covering non-union employees hired before October 2015. Ameren uses a measurement date of December 31 for its pension and postretirement benefit plans. Ameren Missouri and Ameren Illinois each participate in Ameren’s single-employer pension and other postretirement plans. Ameren’s qualified pension plan is the Ameren Retirement Plan. Ameren also has an unfunded nonqualified pension plan, the Ameren Supplemental Retirement Plan, which is available to provide certain management employees and retirees with a supplemental benefit when their qualified pension plan benefits are capped in compliance with Internal Revenue Code limitations. Ameren’s other postretirement plan is the Ameren Retiree Welfare Benefit Plan. Only Ameren subsidiaries participate in the plans listed above.
Ameren’s unfunded obligation under its pension and other postretirement benefit plans was $481 million and $551 million as of December 31, 2018 and 2017, respectively. These net liabilities are recorded in “Other current liabilities,” “Pension and other postretirement benefits,” and “Other assets” on Ameren’s consolidated balance sheet. The decrease in the unfunded obligation during 2018 was the result of a 75 basis point increase in the pension and other postretirement benefit plan discount rates used to determine the present value of the obligation offset by a decrease in the return on plan assets of the pension and postretirement trusts. The decrease in the unfunded obligation also resulted in a decrease to “Regulatory assets” on Ameren’s, Ameren Missouri’s, and Ameren Illinois’ balance sheets.
The following table presents the net benefit liability recorded on the balance sheets of each of the Ameren Companies as of December 31, 2018 and 2017:
 
2018

2017

Ameren(a)
$
481

$
551

Ameren Missouri
229

215

Ameren Illinois(a)
120

213


(a)
Assets associated with other postretirement benefits are recorded in “Other assets” on the balance sheet.
Ameren recognizes the underfunded status of its pension and postretirement plans as a liability on its consolidated balance sheet, with offsetting entries to accumulated OCI and regulatory assets. The following table presents the funded status of Ameren’s pension and postretirement benefit plans as of December 31, 2018 and 2017. It also provides the amounts included in regulatory assets and accumulated OCI at December 31, 2018 and 2017, that have not been recognized in net periodic benefit costs.
 
2018
 
2017
 
Pension Benefits
 
Postretirement
Benefits
 
Pension Benefits
 
Postretirement
Benefits
Accumulated benefit obligation at end of year
$
4,258

$
(a)

 
$
4,577

$
(a)

Change in benefit obligation:
 
 
 
 
 
 
 
Net benefit obligation at beginning of year
$
4,827

$
1,240

 
$
4,518

$
1,170

Service cost
100

 
21

 
93

 
21

Interest cost
169

 
40

 
179

 
47

Plan amendments

 
(49
)
 

 

Participant contributions

 
9

 

 
8

Actuarial (gain) loss
(401
)
 
(163
)
 
255

 
53

Benefits paid
(236
)
 
(64
)
 
(218
)
 
(59
)
Net benefit obligation at end of year
4,459

 
1,034

 
4,827

 
1,240

Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
4,293

 
1,223

 
3,813

 
1,101

Actual return on plan assets
(218
)
 
(57
)
 
634

 
171

Employer contributions
60

 
2

 
64

 
2

Participant contributions

 
9

 

 
8

Benefits paid
(236
)
 
(64
)
 
(218
)
 
(59
)
Fair value of plan assets at end of year
3,899

 
1,113

 
4,293

 
1,223

Funded status – deficiency (surplus)
560

 
(79
)
 
534

 
17

Accrued benefit cost (asset) at December 31
$
560

$
(79
)
 
$
534

$
17

Amounts recognized in the balance sheet consist of:
 
 
 
 
 
 
 
Noncurrent asset(b)
$

$
(79
)
 
$

$

Current liability(c)
2

 

 
3

 
3

Noncurrent liability
558

 

 
531

 
14

Net liability (asset) recognized
$
560

$
(79
)
 
$
534

$
17

Amounts recognized in regulatory assets consist of:
 
 
 
 
 
 
 
Net actuarial (gain) loss
$
393

$
(91
)
 
$
374

$
(69
)
Prior service credit
(2
)
 
(48
)
 
(3
)
 
(3
)
Amounts (pretax) recognized in accumulated OCI consist of:
 
 
 
 
 
 
 
Net actuarial loss
35

 
3

 
30

 
2

Total
$
426

$
(136
)
 
$
401

$
(70
)

(a)
Not applicable.
(b)
Included in “Other assets” on Ameren’s consolidated balance sheet.
(c)
Included in “Other current liabilities” on Ameren’s consolidated balance sheet.
The following table presents the assumptions used to determine our benefit obligations at December 31, 2018 and 2017:
  
Pension Benefits
 
Postretirement Benefits
  
2018
 
2017
 
2018
 
2017
Discount rate at measurement date
4.25
%
 
3.50
%
 
4.25
%
 
3.50
%
Increase in future compensation
3.50

 
3.50

 
3.50

 
3.50

Medical cost trend rate (initial)(a)
(b)

 
(b)

 
5.00

 
5.00

Medical cost trend rate (ultimate)(a)
(b)

 
(b)

 
5.00

 
5.00


(a)
Initial and ultimate medical cost trend rate for certain Medicare-eligible participants is 3.00%.
(b)
Not applicable.
Ameren determines discount rate assumptions by identifying a theoretical settlement portfolio of high-quality corporate bonds sufficient to provide for a plan’s projected benefit payments. The settlement portfolio of bonds is selected from a pool of nearly 600 high-quality corporate bonds. A single discount rate is then determined; that rate results in a discounted value of the plan’s benefit payments that equates to the market value of the selected bonds. In addition, during 2018, Ameren adopted the Society of Actuaries 2018 Mortality Improvement Scale. The updated scale assumes a lower rate of mortality improvement as compared to the 2017 Mortality Improvement Scale that Ameren used in 2017, resulting in a decrease to our pension and other postretirement benefit obligations.
Funding
Pension benefits are based on the employees’ years of service, age, and compensation. Ameren’s pension plans are funded in compliance with income tax regulations, federal funding, and other regulatory requirements. As a result, Ameren expects to fund its pension plan at a level equal to the greater of the pension cost or the legally required minimum contribution. Based on its assumptions at December 31, 2018, its investment performance in 2018, and its pension funding policy, Ameren expects to make annual contributions of approximately $20 million to $70 million in each of the next five years, with aggregate estimated contributions of $200 million. Ameren Missouri and Ameren Illinois estimate that their portion of the future funding requirements will be 30% and 60%, respectively. These estimates may change based on actual investment performance, changes in interest rates, changes in our assumptions, changes in government regulations, and any voluntary contributions. Our funding policy for postretirement benefits is primarily to fund the Voluntary Employee Beneficiary Association (VEBA) trusts to match the annual postretirement expense.
The following table presents the cash contributions made to our defined benefit retirement plan and to our postretirement plans during 2018, 2017, and 2016:
 
Pension Benefits
 
Postretirement Benefits
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Ameren Missouri
$
18

 
$
19

 
$
21

 
$
1

 
$
1

 
$
1

Ameren Illinois
35

 
37

 
30

 
1

 
1

 
1

Other
7

 
8

 
6

 

 

 

Ameren
$
60

 
$
64

 
$
57

 
$
2

 
$
2

 
$
2

Investment Strategy and Policies
Ameren manages plan assets in accordance with the “prudent investor” guidelines contained in ERISA. The investment committee, which includes members of senior management, approves and implements investment strategy and asset allocation guidelines for the plan assets. The investment committee’s goals are twofold: first, to ensure that sufficient funds are available to provide the benefits at the time they are payable; and second, to maximize total return on plan assets and to minimize expense volatility consistent with its tolerance for risk. Ameren delegates the task of investment management to specialists in each asset class. As appropriate, Ameren provides each investment manager with guidelines that specify allowable and prohibited investment types. The investment committee regularly monitors manager performance and compliance with investment guidelines.
The expected return on plan assets assumption is based on historical and projected rates of return for current and planned asset classes in the investment portfolio. Projected rates of return for each asset class were estimated after an analysis of historical experience, future expectations, and the volatility of the various asset classes. After considering the target asset allocation for each asset class, we adjusted the overall expected rate of return for the portfolio for historical and expected experience of active portfolio management results compared with benchmark returns and for the effect of expenses paid from plan assets. Ameren will use an expected return on plan assets for its pension and postretirement plan assets of 7.00% in 2019. No plan assets are expected to be returned to Ameren during 2019.
Ameren’s investment committee strives to assemble a portfolio of diversified assets that does not create a significant concentration of risks. The investment committee develops asset allocation guidelines between asset classes, and it creates diversification through investments in assets that differ by type (equity, debt, real estate, private equity), duration, market capitalization, country, style (growth or value), and industry, among other factors. The diversification of assets is displayed in the target allocation table below. The investment committee also routinely rebalances the plan assets to adhere to the diversification goals. The investment committee’s strategy reduces the concentration of investment risk; however, Ameren is still subject to overall market risk. The following table presents our target allocations for 2019 and our pension and postretirement plans’ asset categories as of December 31, 2018 and 2017:
Asset
Category
Target Allocation
2019
 
Percentage of Plan Assets at December 31,
2018
 
2017
Pension Plan:
 
 
 
 
 
Cash and cash equivalents
0%  5%
 
1
%
 
1
%
Equity securities:
 
 
 
 
 
U.S. large-capitalization
21%  31%
 
24
%
 
34
%
U.S. small- and mid-capitalization
3%  13%
 
7
%
 
9
%
International
9%  19%
 
13
%
 
14
%
Global
3%  13%
 
8
%
 
%
Total equity
51%  61%
 
52
%
 
57
%
Debt securities
35%  45%
 
42
%
 
37
%
Real estate
0%   9%  
 
5
%
 
5
%
Private equity
0%   5%  
 
(a)

 
(a)

Total
 
 
100
%
 
100
%
Postretirement Plans:
 
 
 
 
 
Cash and cash equivalents
0%  7%
 
2
%
 
2
%
Equity securities:
 
 
 
 
 
U.S. large-capitalization
34%  44%
 
40
%
 
41
%
U.S. small- and mid-capitalization
2%  12%
 
7
%
 
8
%
International
9%  19%
 
13
%
 
14
%
Total equity
55%  65%
 
60
%
 
63
%
Debt securities
33%  43%
 
38
%
 
35
%
Total
 
 
100
%
 
100
%

(a)
Less than 1% of plan assets.
In general, the United States large-capitalization equity investments are passively managed or indexed, whereas the international, global, United States small-capitalization, and United States mid-capitalization equity investments are actively managed by investment managers. Debt securities include a broad range of fixed-income vehicles. Debt security investments in high-yield securities and non-United-States-dollar-denominated securities are owned by the plans, but in limited quantities to reduce risk. Most of the debt security investments are under active management by investment managers. Real estate investments include private real estate vehicles; however, Ameren does not, by policy, hold direct investments in real estate property. Additionally, Ameren’s investment committee allows investment managers to use derivatives, such as index futures, foreign exchange futures, and options, in certain situations to increase or to reduce market exposure in an efficient and timely manner.
Fair Value Measurements of Plan Assets
Investments in the pension and postretirement benefit plans were stated at fair value as of December 31, 2018. The fair value of an asset is the amount that would be received upon its sale in an orderly transaction between market participants at the measurement date. Cash and cash equivalents have initial maturities of three months or less and are recorded at cost plus accrued interest. The carrying amounts of cash and cash equivalents approximate fair value because of the short-term nature of these instruments. Investments traded in active markets on national or international securities exchanges are valued at closing prices on the measurement date or, if that is not a business day, on the last business day before that date. Securities traded in over-the-counter markets are valued by quoted market prices, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency. Investments measured under NAV as a practical expedient are based on the fair values of the underlying assets provided by the funds and their administrators. The fair value of real estate investments is based on NAV; it is determined by annual appraisal reports prepared by an independent real estate appraiser. Investments measured at NAV often provide for daily, monthly, or quarterly redemptions with 60 or less days of notice depending on the fund. For some funds, redemption may also require approval from the fund’s board of directors. Derivative contracts are valued at fair value, as determined by the investment managers (or independent third parties on behalf of the investment managers), who use proprietary models and take into consideration exchange quotations on underlying instruments, dealer quotations, and other market information.
The following table sets forth, by level within the fair value hierarchy discussed in Note 8 – Fair Value Measurements, the pension plans’ assets measured at fair value as of December 31, 2018:
 
Quoted Prices in
Active Markets for
Identified Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant Other
Unobservable
Inputs
(Level 3)
 
Measured at NAV
 
Total
Cash and cash equivalents
$

 
$

 
$

 
$
41

 
$
41

Equity securities:
 
 
 
 
 
 
 
 
 
U.S. large-capitalization

 

 

 
955

 
955

U.S. small- and mid-capitalization
272

 

 

 

 
272

International
224

 

 

 
298

 
522

Global

 

 

 
321

 
321

Debt securities:
 
 
 
 
 
 
 
 
 
Corporate bonds

 
701

 

 
19

 
720

Municipal bonds

 
87

 

 

 
87

U.S. Treasury and agency securities

 
891

 

 

 
891

Other
1

 
11

 

 

 
12

Real estate

 

 

 
202

 
202

Private equity

 

 

 
3

 
3

Total
$
497

 
$
1,690

 
$

 
$
1,839

 
$
4,026

Less: Medical benefit assets at December 31(a)
 
 
 
 
 
 
 
 
(144
)
Plus: Net receivables at December 31(b)
 
 
 
 
 
 
 
 
17

Fair value of pension plans’ assets at December 31
 
 
 
 
 
 
 
 
$
3,899


(a)
Medical benefit (health and welfare) component for accounts maintained in accordance with Section 401(h) of the Internal Revenue Code to fund a portion of the postretirement obligation.
(b)
Receivables related to pending security sales, offset by payables related to pending security purchases.
The following table sets forth, by level within the fair value hierarchy discussed in Note 8 – Fair Value Measurements, the pension plans’ assets measured at fair value as of December 31, 2017:
 
Quoted Prices in
Active Markets for
Identified Assets or Liabilities
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant Other
Unobservable
Inputs
(Level 3)
 
Measured at NAV
 
Total
Cash and cash equivalents
$

 
$

 
$

 
$
25

 
$
25

Equity securities:
 
 
 
 
 
 
 
 
 
U.S. large-capitalization

 

 

 
1,523

 
1,523

U.S. small- and mid-capitalization
379

 

 

 

 
379

International
179

 

 

 
450

 
629

Debt securities:
 
 
 
 
 
 
 
 
 
Corporate bonds

 
726

 

 
15

 
741

Municipal bonds

 
91

 

 

 
91

U.S. Treasury and agency securities
8

 
816

 

 

 
824

Other

 
7

 

 

 
7

Real estate

 

 

 
196

 
196

Private equity

 

 

 
4

 
4

Total
$
566

 
$
1,640

 
$

 
$
2,213

 
$
4,419

Less: Medical benefit assets at December 31(a)
 
 
 
 
 
 
 
 
(153
)
Plus: Net receivables at December 31(b)
 
 
 
 
 
 
 
 
27

Fair value of pension plans’ assets at December 31
 
 
 
 
 
 
 
 
$
4,293

(a)
Medical benefit (health and welfare) component for accounts maintained in accordance with Section 401(h) of the Internal Revenue Code to fund a portion of the postretirement obligation.
(b)
Receivables related to pending security sales, offset by payables related to pending security purchases.
The following table sets forth, by level within the fair value hierarchy discussed in Note 8 – Fair Value Measurements, the postretirement benefit plans’ assets measured at fair value as of December 31, 2018:
 
Quoted Prices in
Active Markets for
Identified Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant Other
Unobservable
Inputs
(Level 3)
 
Measured at NAV
 
Total
Cash and cash equivalents
$
32

 
$

 
$

 
$

 
$
32

Equity securities:
 
 
 
 
 
 
 
 
 
U.S. large-capitalization
297

 

 

 
89

 
386

U.S. small- and mid-capitalization
63

 

 

 

 
63

International
45

 

 

 
84

 
129

Other

 
12

 

 

 
12

Debt securities:
 
 
 
 
 
 
 
 
 
Corporate bonds

 
144

 

 

 
144

Municipal bonds

 
107

 

 

 
107

U.S. Treasury and agency securities

 
62

 

 

 
62

Other

 
7

 

 
34

 
41

Total
$
437

 
$
332

 
$

 
$
207

 
$
976

Plus: Medical benefit assets at December 31(a)
 
 
 
 
 
 
 
 
144

Less: Net payables at December 31(b)
 
 
 
 
 
 
 
 
(7
)
Fair value of postretirement benefit plans’ assets at December 31
 
 
 
 
 
 
 
 
$
1,113

(a)
Medical benefit (health and welfare) component for 401(h) accounts to fund a portion of the postretirement obligation. These 401(h) assets are included in the pension plan assets shown above.
(b)
Payables related to pending security purchases, offset by interest receivables and receivables related to pending security sales.
The following table sets forth, by level within the fair value hierarchy discussed in Note 8 – Fair Value Measurements, the postretirement benefit plans’ assets measured at fair value as of December 31, 2017:
 
Quoted Prices in
Active Markets for
Identified Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant Other
Unobservable
Inputs
(Level 3)
 
Measured at NAV
 
Total
Cash and cash equivalents
$
44

 
$

 
$

 
$

 
$
44

Equity securities:
 
 
 
 
 
 
 
 
 
U.S. large-capitalization
332

 

 

 
110

 
442

U.S. small- and mid-capitalization
80

 

 

 

 
80

International
53

 

 

 
101

 
154

Other

 
8

 

 

 
8

Debt securities:
 
 
 
 
 
 
 
 
 
Corporate bonds

 
144

 

 

 
144

Municipal bonds

 
110

 

 

 
110

U.S. Treasury and agency securities

 
76

 

 

 
76

Other

 
4

 

 
34

 
38

Total
$
509

 
$
342

 
$

 
$
245

 
$
1,096

Plus: Medical benefit assets at December 31(a)
 
 
 
 
 
 
 
 
153

Less: Net payables at December 31(b)
 
 
 
 
 
 
 
 
(26
)
Fair value of postretirement benefit plans’ assets at December 31
 
 
 
 
 
 
 
 
$
1,223

(a)
Medical benefit (health and welfare) component for 401(h) accounts to fund a portion of the postretirement obligation. These 401(h) assets are included in the pension plan assets shown above.
(b)
Payables related to pending security purchases, offset by interest receivables and receivables related to pending security sales.
Net Periodic Benefit Cost
In March 2017, the FASB issued authoritative guidance that requires an entity to report, including on a retrospective basis, the non-service cost or income components of net periodic benefit cost separately from the service cost component and outside of operating income. The Ameren Companies adopted this guidance, effective January 1, 2018, and as a result, $44 million, $22 million, and $10 million of net benefit income has been retrospectively reclassified from “Operating Expenses – Other operations and maintenance” to “Other Income, Net” on Ameren's, Ameren Missouri’s, and Ameren Illinois’ respective statements of income for the year ended December 31, 2017. Net benefit income of $56 million, $18 million, and $24 million has been similarly retrospectively reclassified on Ameren’s, Ameren Missouri’s, and Ameren Illinois’ respective statements of income for the year ended December 31, 2016.
The guidance also requires an entity to capitalize only the service cost component as part of an asset, such as inventory or property, plant, and equipment, on a prospective basis. Previously all of the net benefit cost components were eligible for capitalization. This change in the capitalization of net benefit costs is not expected to affect our ability to recover total net benefit cost through customer rates.
The following table presents the components of the net periodic benefit cost of Ameren’s pension and postretirement benefit plans during 2018, 2017, and 2016:
 
Pension Benefits
 
Postretirement Benefits
2018
 
 
 
Service cost(a)
$
100

 
$
21

Non-service cost components:
 
 
 
Interest cost
169

 
40

Expected return on plan assets
(276
)
 
(77
)
Amortization of:
 
 
 
Prior service credit
(1
)
 
(4
)
Actuarial (gain) loss
68

 
(6
)
Total non-service cost components(b)
$
(40
)
 
$
(47
)
Net periodic benefit cost (income)
$
60

 
$
(26
)
2017
 
 
 
Service cost(a)
$
93

 
$
21

Non-service cost components:
 
 
 
Interest cost
179

 
47

Expected return on plan assets
(262
)
 
(75
)
Amortization of:
 
 
 
Prior service credit
(1
)
 
(5
)
Actuarial (gain) loss
55

 
(6
)
Total non-service cost components(b)
$
(29
)
 
$
(39
)
Net periodic benefit cost (income)
$
64

 
$
(18
)
2016
 
 
 
Service cost(a)
$
81

 
$
19

Non-service cost components:
 
 
 
Interest cost
185

 
50

Expected return on plan assets
(253
)
 
(72
)
Amortization of:
 
 
 
Prior service credit
(1
)
 
(5
)
Actuarial (gain) loss
32

 
(11
)
Total non-service cost components(b)
$
(37
)
 
$
(38
)
Net periodic benefit cost (income)
$
44

 
$
(19
)
(a)    Service cost, net of capitalization, is reflected in “Operating Expenses - Other operations and maintenance” on Ameren’s statement of income.
(b)
2018 amounts and the non-capitalized portion of 2017 and 2016’s non-service cost components, as discussed above, are reflected in “Other Income, Net” on Ameren’s statement of income. See Note 5 - Other Income, Net for additional information.
The estimated amounts that will be amortized from regulatory assets and accumulated OCI into Ameren’s net periodic benefit cost in 2019 are as follows:
 
Pension Benefits
 
Postretirement Benefits
Regulatory assets:
 
 
 
Prior service credit
$
(1
)
 
$
(5
)
Net actuarial (gain) loss
24

 
(15
)
Accumulated OCI:
 
 
 
Net actuarial loss
2

 

Total
$
25

 
$
(20
)
Prior service cost is amortized on a straight-line basis over the average future service of active participants benefiting under the plan amendment. Net actuarial gains or losses subject to amortization are amortized on a straight-line basis over 10 years.
The Ameren Companies are responsible for their share of the pension and postretirement benefit costs. The following table presents the pension costs and the postretirement benefit costs incurred for the years ended December 31, 2018, 2017, and 2016:
  
Pension Costs
 
Postretirement Costs
  
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Ameren Missouri(a)
$
22

 
$
24

 
$
26

 
$
(1
)
 
$
(4
)
 
$
(5
)
Ameren Illinois
39

 
41

 
22

 
(25
)
 
(14
)
 
(13
)
Other
(1
)
 
(1
)
 
(4
)
 

 

 
(1
)
Ameren
60

 
64

 
44

 
(26
)
 
(18
)
 
(19
)
(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 and the level of such costs included in customer rates.
The expected pension and postretirement benefit payments from qualified trust and company funds, which reflect expected future service, as of December 31, 2018, are as follows:
  
Pension Benefits
 
Postretirement Benefits
  
Paid from
Qualified
Trust Funds
 
Paid from
Company
Funds
 
Paid from
Qualified
Trust Funds
 
Paid from
Company
Funds
2019
$
267

 
$
3

 
$
57

 
$
2

2020
272

 
3

 
59

 
2

2021
282

 
3

 
61

 
2

2022
285

 
3

 
62

 
2

2023
286

 
3

 
64

 
2

2024  2028
1,439

 
12

 
315

 
12


The following table presents the assumptions used to determine net periodic benefit cost for our pension and postretirement benefit plans for the years ended December 31, 2018, 2017, and 2016:
  
Pension Benefits
 
Postretirement Benefits
  
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Discount rate at measurement date
3.50
%
 
4.00
%
 
4.50
%
 
3.50
%
 
4.00
%
 
4.50
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
7.00

 
7.00

 
7.00

Increase in future compensation
3.50

 
3.50

 
3.50

 
3.50

 
3.50

 
3.50

Medical cost trend rate (initial)(a)
(b)

 
(b)

 
(b)

 
5.00

 
5.00

 
5.00

Medical cost trend rate (ultimate)(a)
(b)

 
(b)

 
(b)

 
5.00

 
5.00

 
5.00


(a)
Initial and ultimate medical cost trend rate for certain Medicare-eligible participants is 3.00%.
(b)
Not applicable.
The table below reflects the sensitivity of Ameren’s plans to potential changes in key assumptions:
  
Pension Benefits
 
Postretirement Benefits
  
Service Cost
and Interest
Cost
 
Projected
Benefit
Obligation
 
Service Cost
and Interest
Cost
 
Postretirement
Benefit
Obligation
0.25% decrease in discount rate
$
(2
)
 
$
135

 
$

 
$
33

0.25% increase in salary scale
2

 
12

 

 

1.00% increase in annual medical trend

 

 
4

 
58

1.00% decrease in annual medical trend

 

 
(4
)
 
(58
)

Other
Ameren sponsors a 401(k) plan for eligible employees. The Ameren 401(k) plan covered all eligible Ameren employees at December 31, 2018. The plan allows employees to contribute a portion of their compensation in accordance with specific guidelines. Ameren matches a percentage of the employee contributions up to certain limits. The following table presents the portion of the matching contribution to the Ameren 401(k) plan attributable to each of the Ameren Companies for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren Missouri
$
17

 
$
16

 
$
16

Ameren Illinois
15

 
13

 
12

Other
1

 
1

 
1

Ameren
$
33

 
$
30

 
$
29

v3.10.0.1
Stock-Based Compensation
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION
The 2014 Incentive Plan is Ameren’s long-term stock-based compensation plan for eligible employees and directors. The 2014 Incentive Plan provides for a maximum of 8 million common shares to be available for grant to eligible employees and directors. At December 31, 2018, there were 3.8 million common shares remaining for grant under the 2014 Incentive Plan. The 2014 Incentive Plan awards may be stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance share units, cash-based awards, and other stock-based awards. Ameren used newly issued shares to fulfill its stock-based compensation obligations for 2018 and intends to use newly issued shares to fulfill its stock-based compensation obligations for 2019.
The following table summarizes Ameren’s nonvested performance share unit and restricted stock unit activity for the year ended December 31, 2018:
 
Performance Share Units
 
Restricted Stock Units
 
Share
Units
 
Weighted-average Fair Value per Share Unit
 
Stock
Units
 
Weighted-average Fair Value per Stock Unit
Nonvested at January 1, 2018(a)
895,489

 
$
52.28

 

 
$

Granted
316,875

 
62.88

 
187,273

 
57.66

Forfeitures
(65,106
)
 
51.11

 
(5,463
)
 
58.99

Vested and undistributed(b)
(288,404
)
 
53.63

 
(26,557
)
 
59.02

Vested and distributed
(176,043
)
 
52.88

 

 

Nonvested at December 31, 2018(c)
682,811

 
$
56.58

 
155,253

 
$
57.38

(a)
Does not include 712,572 undistributed vested performance share units.
(b)
Vested and undistributed units are awards that vested due to attainment of retirement eligibility by certain employees, but have not yet been distributed. For vested and undistributed performance share units, the number of shares issued for retirement-eligible employees will vary depending on actual performance over the three-year performance period.
(c)
Does not include 619,783 of vested and undistributed performance share units and 26,557 of vested and undistributed restricted stock units.
Performance Share Units
A performance share unit vests and entitles an employee to receive shares of Ameren common stock (plus accumulated dividends) if, at the end of the three-year performance period, certain specified market conditions have been met and if the individual remains employed by Ameren through the required vesting period. The vesting period for share units awarded extends beyond the three-year performance period to the payout date, which is approximately 38 months after the grant date. In the event of a participant’s death or retirement at age 55 or older with five or more years of service, awards vest on a pro rata basis over the three-year performance period. The exact number of shares issued pursuant to a share unit varies from 0% to 200% of the target award, depending on actual company performance relative to the performance goals.
The fair value of each share unit awarded under the 2014 Incentive Plan is based on Ameren’s closing common share price at December 31st of the year prior to the award year and lattice simulations. Lattice simulations are used to estimate expected share payout based on Ameren’s total shareholder return for a three-year performance period relative to the designated peer group beginning January 1st of the award year. The simulations can produce a greater fair value for the share unit than the applicable closing common share price because they include the weighted payout scenarios in which an increase in the share price has occurred. The significant assumptions used to calculate fair value also include a three-year risk-free rate, volatility for the peer group, and Ameren’s attainment of a three-year average earnings per share threshold during the performance period. The following table presents the fair value of each share unit awarded under the 2014 Incentive Plan along with the significant assumptions used to calculate the fair value of each share unit for the years ended December 31, 2018, 2017, and 2016:
 
2018
2017
2016
Fair value of share units awarded
$62.88
$59.16
$44.13
Ameren’s closing common share price at December 31 of the prior year
$61.69
$52.46
$43.23
Three-year risk-free rate
1.98%
1.47%
1.31%
Volatility range for the peer group(a)
15%  23%
15%  21%
15%  20%
(a)
Based on a historical period that is equal to the remaining term of the performance period as of the grant date.
Restricted Stock Units
Restricted stock units vest and entitle an employee to receive shares of Ameren common stock (plus accumulated dividends) if the individual remains employed with Ameren through the payment date of the awards. Generally, in the event of a participant’s death or retirement at age 55 or older with five or more years of service, awards vest on a pro rata basis. The payout date of the awards is approximately 38 months after the grant date. The fair value of each restricted stock unit is determined by Ameren’s closing common share price on the grant date.
Stock-Based Compensation Expense
The following table presents the stock-based compensation expense for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren Missouri
$
4

 
$
4

 
$
4

Ameren Illinois
3

 
2

 
2

Other(a)
13

 
12

 
11

Ameren
20

 
18

 
17

Less income tax benefit
6

 
7

 
6

Stock-based compensation expense, net
$
14

 
$
11

 
$
11

(a)
Represents compensation expense of employees of Ameren Services. These amounts are not included in the Ameren Missouri and Ameren Illinois amounts above.
Ameren settled performance share units and restricted stock units of $54 million, $39 million, and $83 million for the years ended December 31, 2018, 2017, and 2016. There were no significant stock-based compensation costs capitalized during the years ended December 31, 2018, 2017, and 2016. As of December 31, 2018, total compensation cost of $29 million related to nonvested awards not yet recognized is expected to be recognized over a weighted-average period of 22 months.
Ameren realized income tax benefits for settled performance share units of $13 million, $15 million, and $31 million for the years ended December 31, 2018, 2017, and 2016.
v3.10.0.1
Income Taxes
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
Federal Tax Reform
The TCJA was enacted on December 22, 2017. Substantially all of the provisions of the TCJA affecting the Ameren Companies, other than certain transition depreciation rules, are effective for taxable years beginning after December 31, 2017. The TCJA includes significant changes to the Internal Revenue Code, including amendments that significantly change the taxation of business entities and specific provisions related to regulated public utilities. The most significant change that affects the Ameren Companies is the reduction in the federal corporate statutory income tax rate from 35% to 21%. Specific provisions related to regulated public utilities generally allow for the continued deductibility of interest expense, the elimination of accelerated depreciation tax benefits from certain regulated utility capital investments acquired after September 27, 2017, and the continuation of certain rate normalization requirements related to the flow back of excess deferred taxes. Ameren (parent) is subject to provisions of the TCJA that limit the deductibility of interest expense, but such limitation did not affect Ameren in 2018.
In accordance with GAAP, the tax effects of changes in tax laws must be recognized in the period in which the law is enacted. GAAP also requires deferred tax assets and liabilities to be measured at the tax rate that is expected to apply when temporary differences are realized or settled. Thus, in December 2017, the Ameren Companies’ deferred taxes were revalued using the new tax rate. To the extent deferred tax balances are included in rate base, the revaluation of deferred taxes was deferred as a regulatory asset or liability on the balance sheet and will be collected from, or refunded, to customers. For deferred tax balances not included in rate base, the revaluation of deferred taxes was recorded as income tax expense. As of December 31, 2017, the Ameren Companies made reasonable estimates for the measurement and accounting of certain effects of the TCJA, which have been reflected in their financial statements. We recorded provisional estimates primarily related to depreciation transition rules and 2017 property, plant, and equipment, compensation, and pension-related deductions which would impact our revaluation of deferred taxes at December 31, 2017. The TCJA had the following provisional effects on the Ameren Companies for the year ended December 31, 2017:
 
Ameren Missouri
 
Ameren Illinois
 
Other
 
Ameren
Increase (Decrease)
 
 
 
 
 
 
 
Accumulated deferred income taxes, net
$
(1,419
)
 
$
(871
)
 
$
37

 
$
(2,253
)
Income tax expense (benefit)
32

 
(5
)
 
127

 
154

Noncurrent regulatory assets
(89
)
 
(24
)
 
(1
)
 
(114
)
Noncurrent regulatory liabilities
1,362

 
842

 
89

 
2,293


During the year ended December 31, 2018, Ameren, Ameren Missouri, and Ameren Illinois updated their respective provisional estimates in accordance with SEC staff guidance and recorded $13 million, $4 million, and $4 million, respectively, of income tax expense, primarily due to the application of proposed IRS regulations on depreciation transition rules. The offsetting impact to Ameren’s, Ameren Missouri’s, and Ameren Illinois’ regulatory asset and regulatory liability balances was immaterial. As of December 31, 2018, Ameren, Ameren Missouri, and Ameren Illinois have completed their accounting for certain effects of the TCJA.
For our regulated operations, reductions in accumulated deferred income tax balances due to the reduction in the federal statutory corporate income tax rate to 21% will result in amounts previously collected from utility customers for these deferred taxes being refundable to those customers, generally through reductions in future rates. The TCJA includes provisions related to the IRS normalization rules that address the time period in which certain plant-related components of the excess deferred taxes are to be reflected in customer rates. This time period for the Ameren Companies is approximately 30 to 60 years. Other components of the excess deferred taxes will be reflected in customer rates as determined by our state and federal regulators, which could be a shorter time period than that applicable to certain plant-related components. See Note 2 – Rate and Regulatory Matters for information regarding the various proceedings for the TCJA impacts with our regulators.
Missouri Income Tax Rate
In 2018, legislation modifying Missouri tax law was enacted to decrease the state's corporate income tax rate from 6.25% to 4%, effective January 1, 2020. As a result, in 2018, Ameren’s and Ameren Missouri’s accumulated deferred tax balances were revalued, resulting in a net decrease of $122 million to their accumulated deferred tax liability, which was offset by a regulatory liability. Additionally, Ameren recorded an immaterial amount to income tax expense. As a result of its PISA election under Missouri Senate Bill 564, which prohibits a change in electric base rates prior to April 2020, Ameren Missouri anticipates that the effect of this tax decrease will be reflected in customer rates upon completion of its next regulatory rate review. Ameren (parent) and nonregistrant subsidiaries do not expect this income tax decrease to have a material impact on net income.
Illinois Income Tax Rate
In July 2017, Illinois enacted a law that increased the state’s corporate income tax rate from 7.75% to 9.5% as of July 1, 2017. The law made the increase in the state’s corporate income tax rate permanent. That rate was previously scheduled to go to 7.3% in 2025. In 2017, Ameren recorded an expense of $14 million at Ameren (parent) due to the revaluation of accumulated deferred taxes and the estimated state apportionment of such taxes. Beyond this expense, Ameren and Ameren Illinois do not expect this tax increase to have a material impact on their net income prospectively. The tax increase is not expected to materially affect the earnings of the Ameren Illinois Electric Distribution, the Ameren Transmission, or the Ameren Illinois Transmission segments, since these businesses operate under formula ratemaking frameworks. The tax increase unfavorably affected the 2017 net income of the Ameren Illinois Natural Gas segment by less than $1 million. In addition, in 2017, Ameren’s and Ameren Illinois’ accumulated deferred tax balances were revalued using the state’s new corporate income tax rate, which resulted in a net increase to the liability balances of $97 million and $79 million, respectively. These increased liabilities were offset by a regulatory asset, as well as income tax expense, as discussed above.
The following table presents the principal reasons for the difference between the effective income tax rate and the federal statutory corporate income tax rate for the years ended December 31, 2018, 2017, and 2016:
 
Ameren Missouri
 
Ameren Illinois
 
Ameren
2018
 
 
 
 
 
Federal statutory corporate income tax rate:
21
 %
 
21
 %
 
21
 %
Increases (decreases) from:
 
 
 
 
 
Amortization of excess deferred taxes
(4
)
 
(4
)
 
(4
)
Other depreciation differences

 
(1
)
 

Amortization of deferred investment tax credit
(1
)
 

 
(1
)
State tax
4

 
7

 
6

TCJA
1

 
1

 
1

Tax credits
(1
)
 

 

Other permanent items

 

 
(1
)
Effective income tax rate
20
 %
 
24
 %
 
22
 %
2017
 
 
 
 
 
Federal statutory corporate income tax rate:
35
 %
 
35
 %
 
35
 %
Increases (decreases) from:
 
 
 
 
 
Depreciation differences
1

 
(1
)
 

Amortization of deferred investment tax credit
(1
)
 

 
(1
)
State tax
4

 
6

 
6

TCJA
6

 
(1
)
 
14

Tax credits
(1
)
 

 

Other permanent items

 
(1
)
 
(2
)
Effective income tax rate
44
 %
 
38
 %
 
52
 %
2016
 
 
 
 
 
Federal statutory corporate income tax rate:
35
 %
 
35
 %
 
35
 %
Increases (decreases) from:
 
 
 
 
 
Depreciation differences
1

 

 

Amortization of deferred investment tax credit
(1
)
 

 

State tax
3

 
5

 
4

Stock-based compensation(a)

 

 
(2
)
Valuation allowance

 

 
1

Other permanent items

 
(2
)
 
(1
)
Effective income tax rate
38
 %
 
38
 %
 
37
 %

(a)
Reflects the adoption of authoritative accounting guidance related to stock-based compensation, which resulted in the recognition of a $21 million income tax benefit in 2016.
The following table presents the components of income tax expense for the years ended December 31, 2018, 2017, and 2016:
 
Ameren Missouri
 
Ameren Illinois
 
Other
 
Ameren
2018
 
 
 
 
 
 
 
Current taxes:
 
 
 
 
 
 
 
Federal
$
104

 
$
4

 
$
(118
)
 
$
(10
)
State
29

 
6

 
(12
)
 
23

Deferred taxes:
 
 
 
 
 
 
 
Federal
22

 
75

 
123

 
220

State
(2
)
 
28

 
23

 
49

Amortization of excess deferred taxes
(24
)
 
(15
)
 
(1
)
 
(40
)
Amortization of deferred investment tax credits
(5
)
 

 

 
(5
)
Total income tax expense
$
124

 
$
98

 
$
15

 
$
237

2017
 
 
 
 
 
 
 
Current taxes:
 
 
 
 
 
 
 
Federal
$
149

 
$
(34
)
 
$
(110
)
 
$
5

State
23

 
29

 
(20
)
 
32

Deferred taxes:
 
 
 
 
 
 
 
Federal
76

 
185

 
250

 
511

State
11

 
(13
)
 
36

 
34

Amortization of deferred investment tax credits
(5
)
 
(1
)
 

 
(6
)
Total income tax expense
$
254

 
$
166

 
$
156

 
$
576

2016
 
 
 
 
 
 
 
Current taxes:
 
 
 
 
 
 
 
Federal
$
31

 
$
(8
)
 
$
(24
)
 
$
(1
)
State
6

 
12

 
(21
)
 
(3
)
Deferred taxes:
 
 
 
 
 
 
 
Federal
161

 
117

 
21

 
299

State
23

 
37

 
32

 
92

Amortization of deferred investment tax credits
(5
)
 

 

 
(5
)
Total income tax expense
$
216

 
$
158

 
$
8

 
$
382


The following table presents the accumulated deferred income tax assets and liabilities recorded as a result of temporary differences at December 31, 2018 and 2017:
 
Ameren Missouri
 
Ameren Illinois
 
Other
 
Ameren
2018
 
 
 
 
 
 
 
Accumulated deferred income taxes, net liability (asset):
 
 
 
 
 
 
 
Plant-related
$
2,010

 
$
1,345

 
$
179

 
$
3,534

Regulatory assets and liabilities, net
(343
)
 
(221
)
 
(25
)
 
(589
)
Deferred employee benefit costs
(58
)
 
(4
)
 
(64
)
 
(126
)
Tax carryforwards
(35
)
 
(26
)
 
(166
)
 
(227
)
Other
(40
)
 
25

 
46

 
31

Total net accumulated deferred income tax liabilities (assets)
$
1,534

 
$
1,119

 
$
(30
)
 
$
2,623

2017
 
 
 
 
 
 
 
Accumulated deferred income taxes, net liability (asset):
 
 
 
 
 
 
 
Plant-related
$
2,064

 
$
1,264

 
$
146

 
$
3,474

Regulatory assets and liabilities, net
(317
)
 
(206
)
 
(24
)
 
(547
)
Deferred employee benefit costs
(53
)
 
(17
)
 
(61
)
 
(131
)
Revenue requirement reconciliation adjustments

 
20

 

 
20

Tax carryforwards
(31
)
 
(43
)
 
(287
)
 
(361
)
Other
(13
)
 
3

 
61

 
51

Total net accumulated deferred income tax liabilities (assets)
$
1,650

 
$
1,021

 
$
(165
)
 
$
2,506


The following table presents the components of accumulated deferred income tax assets relating to net operating loss carryforwards, tax credit carryforwards, and charitable contribution carryforwards at December 31, 2018 and 2017:
 
Ameren Missouri
 
Ameren Illinois
 
Other
 
Ameren
2018
 
 
 
 
 
 
 
Net operating loss carryforwards:
 
 
 
 
 
 
 
Federal(a)
$

 
$
23

 
$
55

 
$
78

State(a)

 

 
13

 
13

Total net operating loss carryforwards
$

 
$
23

 
$
68

 
$
91

Tax credit carryforwards:
 
 
 
 
 
 
 
Federal(b)
$
35

 
$
3

 
$
79

 
$
117

State(c)

 

 
10

 
10

Total tax credit carryforwards
$
35

 
$
3

 
$
89

 
$
127

Charitable contribution carryforwards(d)
$

 
$

 
$
14

 
$
14

Valuation allowance(e)

 

 
(5
)
 
(5
)
Total charitable contribution carryforwards
$

 
$

 
$
9

 
$
9

2017
 
 
 
 
 
 
 
Net operating loss carryforwards:
 
 
 
 
 
 
 
Federal
$

 
$
41

 
$
162

 
$
203

State

 

 
32

 
32

Total net operating loss carryforwards
$

 
$
41

 
$
194

 
$
235

Tax credit carryforwards:
 
 
 
 
 
 
 
Federal
$
31

 
$
2

 
$
80

 
$
113

State

 

 
7

 
7

Total tax credit carryforwards
$
31

 
$
2

 
$
87

 
$
120

Charitable contribution carryforwards
$

 
$

 
$
11

 
$
11

Valuation allowance

 

 
(5
)
 
(5
)
Total charitable contribution carryforwards
$

 
$

 
$
6

 
$
6


(a)
Will expire between 2034 and 2037. Any net operating loss carryforward generated after January 1, 2018, will not have an expiration date as a result of the TCJA.
(b)
Will expire between 2029 and 2037.
(c)
Will expire between 2019 and 2022.
(d)
Will expire between 2019 and 2023.
(e)
See Schedule II under Part IV, Item 15, in this report for information on changes in the valuation allowance.
Uncertain Tax Positions
As of December 31, 2018 and 2017, the Ameren Companies did not record any uncertain tax positions.
The Internal Revenue Service is currently examining Ameren’s 2018 and 2017 income tax returns. State income tax returns are generally subject to examination for a period of three years after filing. The state impact of any federal changes remains subject to examination by various states for up to one year after formal notification to the states. The Ameren Companies currently do not have material income tax issues under examination, administrative appeals, or litigation.
Ameren Missouri has an uncertain tax position tracker. Under Missouri’s regulatory framework, uncertain tax positions do not reduce Ameren Missouri’s electric rate base. When an uncertain income tax position liability is resolved, the MoPSC requires, through the uncertain tax position tracker, the creation of a regulatory asset or regulatory liability to reflect the time value, using the weighted-average cost of capital included in each of the electric rate orders in effect before the tax position was resolved, of the difference between the uncertain tax position liability that was excluded from rate base and the final tax liability. The resulting regulatory asset or liability will affect earnings in the year it is created. It will then be amortized over three years, beginning on the effective date of new rates established in the next electric regulatory rate review.
v3.10.0.1
Related Party Transactions
12 Months Ended
Dec. 31, 2018
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. Below are the material related-party agreements.
Electric Power Supply Agreements
Ameren Illinois must acquire capacity and energy sufficient to meet its obligations to customers. Ameren Illinois uses periodic RFP processes, administered by the IPA and approved by the ICC, to contract capacity and energy on behalf of its customers. Ameren Missouri participates in the RFP process and has been a winning supplier for certain periods.
Capacity Supply Agreements
In a procurement event in 2015, Ameren Missouri contracted to supply a portion of Ameren Illinois’ capacity requirements for $15 million for the 12 months ending May 31, 2017.
Energy Swaps and Energy Products
Based on the outcome of IPA-administered procurement events, Ameren Missouri and Ameren Illinois have entered into energy product agreements by which Ameren Missouri agreed to sell, and Ameren Illinois agreed to purchase, a set amount of megawatthours at a predetermined price over a specified period of time. The following table presents the specified performance period, price, and amount of megawatthours included in the agreements:
IPA Procurement Event
Performance Period
MWh
 
Average Price per MWh
May 2014
January 2015  February 2017
168,400
$
51
April 2015
June 2015  June 2017
667,000
 
36
September 2015
November 2015  May 2018
339,000
 
38
April 2016
June 2017  September 2018
375,200
 
35
September 2016
May 2017  September 2018
82,800
 
34
April 2017
March 2019  May 2020
85,600
 
34
April 2018
June 2019  September 2020
110,000
 
32

Collateral Postings
Under the terms of the Illinois energy product agreements entered into through RFP processes administered by the IPA, suppliers must post collateral under certain market conditions to protect Ameren Illinois in the event of nonperformance. The collateral postings are unilateral, which means that only the suppliers can be required to post collateral. Therefore, Ameren Missouri, as a winning supplier in the RFP process, may be required to post collateral. As of December 31, 2018 and 2017, there were no collateral postings required of Ameren Missouri related to the Illinois energy product agreements.
Interconnection and Transmission Agreements
Ameren Missouri and Ameren Illinois are parties to an interconnection agreement for the use of their respective transmission lines and other facilities for the distribution of power. These agreements have no contractual expiration date, but may be terminated by either party with three years’ notice.
Support Services Agreements
Ameren Services provides support services to its affiliates. The costs of support services, including wages, employee benefits, professional services, and other expenses, are based on, or are an allocation of, actual costs incurred. The support services agreement can be terminated at any time by the mutual agreement of Ameren Services and that affiliate or by either party with 60 days’ notice before the end of a calendar year.
In addition, Ameren Missouri and Ameren Illinois provide affiliates with access to their facilities for administrative purposes and with use of other assets. The costs of the rent and facility services and other assets are based on, or are an allocation of, actual costs incurred.
Separately, Ameren Missouri and Ameren Illinois provide storm-related and miscellaneous support services to each other on an as-needed basis.
Transmission Services
Ameren Illinois receives transmission services from ATXI for its retail load in the AMIL pricing zone.
Electric Transmission Maintenance and Construction Agreements
ATXI entered into separate agreements with Ameren Missouri and Ameren Illinois in which Ameren Missouri or Ameren Illinois, as applicable, may perform certain maintenance and construction services related to ATXI’s electric transmission assets. The Ameren Missouri and Ameren Illinois agreements are effective from August 2017 through June 2019 and from August 2018 through July 2019, respectively.
Money Pool
See Note 4 – Short-term Debt and Liquidity for a discussion of affiliate borrowing arrangements.
Tax Allocation Agreement
See Note 1 – Summary of Significant Accounting Policies 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 December 31, 2018 and 2017:
 
2018
 
 
2017
 
Ameren Missouri
Ameren Illinois
 
 
Ameren Missouri
Ameren Illinois
Income taxes payable to parent(a)
$
16

$
7

 
 
$
11

$
17

Income taxes receivable from parent(b)

6

 
 


(a)
Included in “Accounts payable – affiliates” on the balance sheet.
(b)
Included in “Accounts receivable – affiliates” on the balance sheet.
Capital Contributions
The following table presents cash capital contributions received from Ameren (parent) by Ameren Missouri and Ameren Illinois for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
 
Ameren Missouri(a)
$
45

 
$
30

 
$
44

(b) 
Ameren Illinois
160

 
8

 

 
(a)
As a result of the tax allocation agreement.
(b)
Included a $38 million accrued capital contribution from 2015.
The following table presents the impact on Ameren Missouri and Ameren Illinois of related-party transactions for the years ended December 31, 2018, 2017, and 2016. It is based primarily on the agreements discussed above and the money pool arrangements discussed in Note 4 – Short-term Debt and Liquidity.
Agreement
Income Statement Line Item
 
 
 
Ameren
Missouri
 
Ameren
Illinois
Ameren Missouri power supply agreements
Operating Revenues
 
2018
$
11

$
(a)

with Ameren Illinois
 
 
2017
 
23

 
(a)

 
 
 
2016
 
28

 
(a)

Ameren Missouri and Ameren Illinois
Operating Revenues
 
2018
 
22

 
3

rent and facility services
 
 
2017
 
26

 
4

 
 
 
2016
 
25

 
5

Ameren Missouri and Ameren Illinois miscellaneous
Operating Revenues
 
2018
 
1

 
1

support services and services provided to ATXI
 
 
2017
 
(b)

 
1

 
 
 
2016
 
1

 
(b)

Total Operating Revenues
 
 
2018
$
34

$
4

 
 
 
2017
 
49

 
5

 
 
 
2016
 
54

 
5

Ameren Illinois power supply
Purchased Power
 
2018
$
(a)

$
11

agreements with Ameren Missouri
 
 
2017
 
(a)

 
23

 
 
 
2016
 
(a)

 
28

Ameren Illinois transmission
Purchased Power
 
2018
 
(a)

 
1

services from ATXI
 
 
2017
 
(a)

 
2

 
 
 
2016
 
(a)

 
2

Total Purchased Power
 
 
2018
$
(a)

$
12

 
 
 
2017
 
(a)

 
25

 
 
 
2016
 
(a)

 
30

Ameren Missouri and Ameren Illinois
Other Operations and
 
2018
$
3

$
6

rent and facility services
Maintenance
 
2017
 
(b)

 
(b)

 
 
 
2016
 
(b)

 
(b)

Ameren Services support services
Other Operations and
 
2018
 
136


126

agreement
Maintenance
 
2017
 
149

 
139

 
 
 
2016
 
129

 
123

Total Other Operations and
 
 
2018
$
139

$
132

Maintenance Expenses
 
 
2017
 
149

 
139

 
 
 
2016
 
129

 
123

Money pool borrowings (advances)
(Interest Charges)
 
2018
$
1

$
(b)

 
Other Income, Net
 
2017
 
1

 
(b)

 
 
 
2016
 
(b)

 
(b)

(a)
Not applicable.
(b)
Amount less than $1 million.
v3.10.0.1
Commitments And Contingencies
12 Months Ended
Dec. 31, 2018
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 these notes to our financial statements, will not have a material adverse effect on our results of operations, financial position, or liquidity.
See also Note 1 – Summary of Significant Accounting Policies, Note 2 – Rate and Regulatory Matters, Note 9 – Callaway Energy Center, and Note 13 – Related-party Transactions in this report.
Leases
We lease various facilities, office equipment, plant equipment, and rail cars under capital and operating leases. The following table presents our lease obligations at December 31, 2018:
 
2019
 
2020
 
2021
 
2022
 
2023
 
After 5 Years
 
Total
Ameren:
 
 
 
 
 
 
 
 
 
 
 
 
 
Minimum capital lease payments(a)(b)
$
32

 
$
32

 
$
33

 
$
32

 
$
264

 
$

 
$
393

Less amount representing interest
25

 
25

 
25

 
24

 
24

 

 
123

Present value of minimum capital lease payments
$
7

 
$
7

 
$
8

 
$
8

 
$
240

 
$

 
$
270

Operating leases
10

 
8

 
7

 
6

 
5

 
9

 
45

Total lease obligations
$
17

 
$
15

 
$
15

 
$
14

 
$
245

 
$
9

 
$
315

Ameren Missouri:
 
 
 
 
 
 
 
 
 
 
 
 
 
Minimum capital lease payments(b)(c)
$
32

 
$
32

 
$
33

 
$
32

 
$
264

 
$

 
$
393

Less amount representing interest
25

 
25

 
25

 
24

 
24

 

 
123

Present value of minimum capital lease payments
$
7

 
$
7

 
$
8

 
$
8

 
$
240

 
$

 
$
270

Operating leases
8

 
7

 
6

 
5

 
5

 
9

 
40

Total lease obligations
$
15

 
$
14

 
$
14

 
$
13

 
$
245

 
$
9

 
$
310

Ameren Illinois:
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating leases
$
1

 
$

 
$

 
$

 
$

 
$

 
$
1

(a)
See Note 3 – Property, Plant, and Equipment, Net for additional information.
(b)
See Note 5 – Long-term Debt and Equity Financings for additional information on Ameren’s and Ameren Missouri’s capital lease agreements.
The following table presents total operating lease expenses included in “Operating Expenses” in the statement of income for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren
$
9

 
$
11

 
$
38

Ameren Missouri
8

 
10

 
34

Ameren Illinois
1

 
1

 
30


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 December 31, 2018. 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 December 31, 2018.
 
Coal
 
Natural
Gas(a)
 
Nuclear
Fuel
 
Purchased
Power(b)(c)
 
Methane
Gas
 
Other
 
Total
Ameren:
 
 
 
 
 
 
 
 
 
 
 
 
 
2019
$
349

 
$
197

 
$
25

 
$
157

 
$
4

 
$
67

 
$
799

2020
160

 
143

 
43

 
54

 
4

 
41

 
445

2021
121

 
77

 
59

 
10

 
4

 
30

 
301

2022
72

 
27

 
14

 

 
3

 
26

 
142

2023

 
7

 
42

 

 
3

 
27

 
79

Thereafter

 
34

 
31

 

 
29

 
72

 
166

Total
$
702

 
$
485

 
$
214

 
$
221

 
$
47

 
$
263

 
$
1,932

Ameren Missouri:
 
 
 
 
 
 
 
 
 
 
 
 
 
2019
$
349

 
$
40

 
$
25

 
$

 
$
4

 
$
49

 
$
467

2020
160

 
31

 
43

 

 
4

 
26

 
264

2021
121

 
15

 
59

 

 
4

 
26

 
225

2022
72

 
5

 
14

 

 
3

 
26

 
120

2023

 
3

 
42

 

 
3

 
27

 
75

Thereafter

 
14

 
31

 

 
29

 
56

 
130

Total
$
702

 
$
108

 
$
214

 
$

 
$
47

 
$
210

 
$
1,281

Ameren Illinois:
 
 
 
 
 
 
 
 
 
 
 
 
 
2019
$

 
$
157

 
$

 
$
157

 
$

 
$
8

 
$
322

2020

 
112

 

 
54

 

 
5

 
171

2021

 
62

 

 
10

 

 

 
72

2022

 
22

 

 

 

 

 
22

2023

 
4

 

 

 

 

 
4

Thereafter

 
20

 

 

 

 

 
20

Total
$

 
$
377

 
$

 
$
221

 
$

 
$
13

 
$
611

(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 2034 with various renewable energy suppliers due to the contingent nature of the payment amounts.
(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.
In January 2018, as required by the FEJA, Ameren Illinois entered into 10-year agreements to acquire zero emission credits. 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 $26 million of zero emission credits through May 2019.
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. As of December 31, 2018, Ameren Missouri’s fossil fuel-fired energy centers represented 16% and 32% of Ameren’s and Ameren Missouri’s rate base, respectively. 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 SO2, particulate matter, NOx, mercury, toxic metals, and acid gases, and CO2 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 $300 million to $400 million from 2019 through 2023 in order to comply with existing environmental regulations. Additional environmental controls beyond 2023 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. Ameren Missouri’s current plan for compliance with existing air emission regulations includes burning ultra-low-sulfur coal and installing new or optimizing existing 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 SO2 and NOx through emission source reductions 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 ultra-low-sulfur coal, operates two scrubbers at its Sioux energy center, and optimizes other existing 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.
CO2 Emissions Standards
In 2015, the EPA issued the Clean Power Plan, which would have established CO2 emissions standards applicable to existing power plants. The United States Supreme Court stayed the rule in February 2016, pending various legal challenges. In August 2018, the EPA proposed to repeal and replace the Clean Power Plan with a proposed new rule known as the Affordable Clean Energy Rule, which establishes emission guidelines for states to follow in developing plans to limit CO2 emissions from power plants. The EPA proposes to use certain efficiency measures as the best system of emission reduction for coal-fired power plants. The EPA is expected to finalize the Affordable Clean Energy rule in the first half of 2019. We cannot predict the outcome of EPA’s rulemaking or the outcome of legal challenges related to such rulemaking.
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. The complaint, as amended in October 2013, alleged that in performing projects at its Rush Island coal-fired energy center in 2007 and 2010, Ameren Missouri violated provisions of the Clean Air Act and Missouri law. The litigation has been divided into two phases: liability and remedy. In the first phase, in January 2017, the district court issued a liability ruling that the projects violated provisions of the Clean Air Act and Missouri law. In the second phase, the district court will determine the actions required to remedy the violations found in the liability phase. The EPA previously withdrew all claims for penalties and fines. Hearings on remedy-related issues are scheduled for April 2019. At the conclusion of both phases of the litigation, Ameren Missouri intends to appeal the liability ruling to the United States Court of Appeals for the Eighth Circuit.
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 pollution control equipment, as well as increased operations and maintenance expenses. We are unable to predict the ultimate resolution of this matter or the costs that might be incurred.
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 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. The rule will be 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. Ameren Missouri is in the process of constructing wastewater treatment facilities that meet the limitations in these guidelines at three of its energy centers.
CCR Management
In 2015, the EPA issued the CCR rule, which established regulations regarding the management and disposal of CCR from coal-fired energy centers. These regulations affect CCR disposal and handling costs at Ameren Missouri’s energy centers. They require closure of impoundments if performance criteria relating to groundwater impacts and location restrictions are not achieved. In July 2018, the EPA issued revisions to the CCR rule that extended certain compliance deadlines and indicated that additional revisions to the CCR rule are likely. Ameren and Ameren Missouri have AROs of $135 million recorded on their respective balance sheets as of December 31, 2018, associated with CCR storage facilities that reflect the regulations issued in 2015. Ameren plans to close these CCR storage facilities between 2019 and 2023. The recent EPA revisions do not affect Ameren Missouri’s closure schedule. Ameren Missouri estimates it will need to make capital expenditures of $150 million to $200 million from 2019 through 2023 to implement its CCR management compliance plan, which includes installation of dry ash handling systems, waste water 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. Ameren Missouri and Ameren Illinois have each been identified by federal or state governments as a potentially responsible party at several contaminated sites.
As of December 31, 2018, Ameren Illinois had investigated and 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 its 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 December 31, 2018, Ameren Illinois estimated the obligation related to these former MGP sites at $150 million to $212 million. Ameren and Ameren Illinois recorded a liability of $150 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.
Ameren Missouri participated in the investigation of various sites known as Sauget Area 2, located in Sauget, Illinois. In December 2018, Ameren Missouri signed a consent decree with the EPA to implement certain remedial measures at one of the disposal sites and reached an agreement with Solutia, Inc., the primary potentially responsible party for the Sauget Area 2, limiting Ameren Missouri’s cleanup obligations with respect to the other disposal sites. Remediation efforts at the site are expected to occur in 2020. As of December 31, 2018, Ameren Missouri recorded a liability of $1 million to represent its estimated minimum obligation for this site.
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.
v3.10.0.1
Segment Information
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
Ameren has four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The Ameren Missouri segment includes all of the operations of Ameren Missouri. Ameren Illinois Electric Distribution consists of the electric distribution business of Ameren Illinois. Ameren Illinois Natural Gas consists of the natural gas business of Ameren Illinois. Ameren Transmission primarily consists of the aggregated electric transmission businesses of Ameren Illinois and ATXI. The category called Other primarily includes Ameren (parent) activities and Ameren Services.
Ameren Missouri has one segment. Ameren Illinois has three segments: Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Illinois Transmission. See Note 1 – Summary of Significant Accounting Policies for additional information regarding the operations of Ameren Missouri, Ameren Illinois, and ATXI.
Segment operating revenues and a majority of operating expenses are directly recognized and incurred by Ameren Illinois to each Ameren Illinois segment. Common operating expenses, miscellaneous income and expenses, interest charges, and income tax expense are allocated by Ameren Illinois to each Ameren Illinois segment based on certain factors, which primarily relate to the nature of the cost. Additionally, Ameren Illinois Transmission earns revenue from transmission service provided to Ameren Illinois Electric Distribution, other retail electric suppliers, and wholesale customers. The transmission expense for Illinois customers who have elected to purchase their power from Ameren Illinois is recovered through a cost recovery mechanism with no net effect on Ameren Illinois Electric Distribution earnings, as costs are offset by corresponding revenues. Transmission revenues from these transactions are reflected in Ameren Transmission’s and Ameren Illinois Transmission’s operating revenues. An intersegment elimination at Ameren and Ameren Illinois occurs to eliminate these transmission revenues and expenses.
The following tables present information about the reported revenue and specified items reflected in net income attributable to common shareholders and capital expenditures by segment at Ameren and Ameren Illinois for the years ended December 31, 2018, 2017, and 2016. Ameren, Ameren Missouri, and Ameren Illinois management review segment capital expenditure information rather than any individual or total asset amount.
Ameren
 
Ameren Missouri
 
Ameren Illinois Electric Distribution
 
Ameren Illinois Natural Gas
 
Ameren Transmission
 
Other
 
Intersegment
Eliminations
 
Ameren
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
$
3,555

 
$
1,544

 
$
814

 
$
378

 
$

 
$

 
$
6,291

Intersegment revenues
34

 
3

 
1

 
55

(a) 

 
(93
)
 

Depreciation and amortization
550

 
259

 
65

 
77

 
4

 

 
955

Interest income
28

 
6

 

 

 
4

 
(5
)
 
33

Interest charges
200

 
73

 
38

 
75

(b) 
19

 
(4
)
 
401

Income taxes
124

 
41

 
25

 
56

 
(9
)
 

 
237

Net income (loss) attributable to Ameren common shareholders
478

 
136

 
70

 
164

 
(33
)
 

 
815

Capital expenditures
914

 
503

 
311

 
562

 
5

 
(9
)
 
2,286

2017
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
$
3,488

 
$
1,564

 
$
742

 
$
382

 
$
(2
)
 
$

 
$
6,174

Intersegment revenues
49

 
4

 
1

 
44

(a) 

 
(98
)
 

Depreciation and amortization
533

 
239

 
59

 
60

 
5

 

 
896

Interest income
27

 
7

 

 

 
11

 
(11
)
 
34

Interest charges
207

 
73

 
36

 
67

(b) 
19

 
(11
)
 
391

Income taxes
254

 
83

 
36

 
90

 
113

 

 
576

Net income (loss) attributable to Ameren common shareholders
323

 
131

 
60

 
140

 
(131
)
 

 
523

Capital expenditures
773

 
476

 
245

 
644

 
1

 
(7
)
 
2,132

2016
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
$
3,470

 
$
1,544

 
$
753

 
$
309

 
$

 
$

 
$
6,076

Intersegment revenues
54

 
4

 
1

 
46

(a) 

 
(105
)
 

Depreciation and amortization
514

 
226

 
55

 
43

 
7

 

 
845

Interest income
28

 
11

 

 
1

 
11

 
(11
)
 
40

Interest charges
211

 
72

 
34

 
58

(b) 
18

 
(11
)
 
382

Income taxes
216

 
78

 
39

 
74

 
(25
)
 

 
382

Net income (loss) attributable to Ameren common shareholders
357

 
126

 
59

 
117

 
(6
)
 

 
653

Capital expenditures
738

 
470

 
181

 
689

 
4

 
(6
)
 
2,076


(a)
Ameren Transmission earns revenue from transmission service provided to Ameren Illinois Electric Distribution. See discussion of transactions above.
(b)
Ameren Transmission interest charges include 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
2018
 
 
 
 
 
 
 
 
 
External revenues
$
1,547

 
$
815

 
$
214

 
$

 
$
2,576

Intersegment revenues

 

 
53

(a) 
(53
)
 

Depreciation and amortization
259

 
65

 
50

 

 
374

Interest income
6

 

 

 

 
6

Interest charges
73

 
38

 
38

 

 
149

Income taxes
41

 
25

 
32

 

 
98

Net income available to common shareholder
136

 
70

 
98

 

 
304

Capital expenditures
503

 
311

 
444

 

 
1,258

2017
 
 
 
 
 
 
 
 
 
External revenues
$
1,568

 
$
743

 
$
216

 
$

 
$
2,527

Intersegment revenues

 

 
42

(a) 
(42
)
 

Depreciation and amortization
239

 
59

 
43

 

 
341

Interest income
7

 

 

 

 
7

Interest charges
73

 
36

 
35

 

 
144

Income taxes
83

 
36

 
47

 

 
166

Net income available to common shareholder
131

 
60

 
77

 

 
268

Capital expenditures
476

 
245

 
355

 

 
1,076

2016
 
 
 
 
 
 
 
 
 
External revenues
$
1,548

 
$
754

 
$
187

 
$

 
$
2,489

Intersegment revenues

 

 
45

(a) 
(45
)
 

Depreciation and amortization
226

 
55

 
38

 

 
319

Interest income
11

 

 
1

 

 
12

Interest charges
72

 
34

 
34

 

 
140

Income taxes
78

 
39

 
41

 

 
158

Net income available to common shareholder
126

 
59

 
67

 

 
252

Capital expenditures
470

 
181

 
273

 

 
924

(a)
Ameren Illinois Transmission earns revenue from transmission service provided to Ameren Illinois Electric Distribution. See discussion of transactions above.
The following tables present disaggregated revenues by segment at Ameren and Ameren Illinois for the years ended December 31, 2018, 2017, and 2016. 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
 
Other
 
Intersegment
Eliminations
 
Ameren
 
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
$
1,560

 
$
867

 
$

 
$

 
$

 
$

 
$
2,427

 
Commercial
1,271

 
511

 

 

 

 

 
1,782

 
Industrial
312

 
130

 

 

 

 

 
442

 
Other
308

(a) 
39

 

 
433

 

 
(92
)
 
688

(a) 
Total electric revenues
$
3,451

 
$
1,547

 
$

 
$
433

 
$

 
$
(92
)
 
$
5,339

 
Residential
$
90

 
$

 
$
581

 
$

 
$

 
$

 
$
671

 
Commercial
37

 

 
159

 

 

 

 
196

 
Industrial
4

 

 
17

 

 

 

 
21

 
Other
7

 

 
58

 

 

 
(1
)
 
64

 
Total gas revenues
$
138

 
$

 
$
815

 
$

 
$

 
$
(1
)
 
$
952

 
Total revenues(b)
$
3,589

 
$
1,547

 
$
815

 
$
433

 
$

 
$
(93
)
 
$
6,291

 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
$
1,417

 
$
870

 
$

 
$

 
$

 
$

 
$
2,287

 
Commercial
1,208

 
527

 

 

 

 

 
1,735

 
Industrial
305

 
113

 

 

 

 

 
418

 
Other
481

 
58

 

 
426

 
(2
)
 
(96
)
 
867

 
Total electric revenues
$
3,411

 
$
1,568

 
$

 
$
426

 
$
(2
)
 
$
(96
)
 
$
5,307

 
Residential
$
77

 
$

 
$
531

 
$

 
$

 
$

 
$
608

 
Commercial
31

 

 
146

 

 

 

 
177

 
Industrial
4

 

 
12

 

 

 

 
16

 
Other
14

 

 
54

 

 

 
(2
)
 
66

 
Total gas revenues
$
126

 
$

 
$
743

 
$

 
$

 
$
(2
)
 
$
867

 
Total revenues(b)
$
3,537

 
$
1,568

 
$
743

 
$
426

 
$
(2
)
 
$
(98
)
 
$
6,174

 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
$
1,422

 
$
895

 
$

 
$

 
$

 
$

 
$
2,317

 
Commercial
1,224

 
517

 

 

 

 

 
1,741

 
Industrial
315

 
96

 

 

 

 

 
411

 
Other
435

 
40

 

 
355

 
1

 
(104
)
 
727

 
Total electric revenues
$
3,396

 
$
1,548

 
$

 
$
355

 
$
1

 
$
(104
)
 
$
5,196

 
Residential
$
77

 
$

 
$
530

 
$

 
$

 
$

 
$
607

 
Commercial
30

 

 
153

 

 

 

 
183

 
Industrial
4

 

 
10

 

 

 

 
14

 
Other
17

 

 
61

 

 

 
(2
)
 
76

 
Total gas revenues
$
128

 
$

 
$
754

 
$

 
$

 
$
(2
)
 
$
880

 
Total revenues(b)
$
3,524

 
$
1,548

 
$
754

 
$
355

 
$
1

 
$
(106
)
 
$
6,076

 
(a)
Includes $60 million for the year ended December 31, 2018, for the reduction to revenue for the excess amounts collected in rates related to the TCJA from January 1, 2018, through July 31, 2018. See Note 2 – Rate and Regulatory Matters for additional information.
(b)
The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the years ended December 31, 2018, 2017, and 2016:
 
Ameren
Missouri
 
Ameren Illinois Electric Distribution
 
Ameren Illinois Natural Gas
 
Ameren Transmission
 
Ameren
2018
 
 
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
(8
)
 
$
(3
)
 
$
(23
)
 
$
(25
)
 
$
(59
)
Other revenues not from contracts with customers
24

 
16

 
2

 

 
42

2017
 
 
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
(28
)
 
$
(5
)
 
$
5

 
$
13

 
$
(15
)
Other revenues not from contracts with customers
15

 
6

 
2

 

 
23

2016
 
 
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
8

 
$
(70
)
 
$
11

 
$
(1
)
 
$
(52
)
Other revenues not from contracts with customers
16

 
6

 
2

 

 
24

Ameren Illinois
 
Ameren Illinois Electric Distribution
 
Ameren Illinois Natural Gas
 
Ameren Illinois Transmission
 
Intersegment Eliminations
 
Ameren Illinois
 
2018
 
 
 
 
 
 
 
 
 
 
Residential
$
867

 
$
581

 
$

 
$

 
$
1,448

 
Commercial
511

 
159

 

 

 
670

 
Industrial
130

 
17

 

 

 
147

 
Other
39

 
58

 
267

 
(53
)
 
311

 
Total revenues(a)
$
1,547

 
$
815

 
$
267

 
$
(53
)
 
$
2,576

 
2017
 
 
 
 
 
 
 
 
 
 
Residential
$
870

 
$
531

 
$

 
$

 
$
1,401

 
Commercial
527

 
146

 

 

 
673

 
Industrial
113

 
12

 

 

 
125

 
Other
58

 
54

 
258

 
(42
)
 
328

 
Total revenues(a)
$
1,568

 
$
743

 
$
258

 
$
(42
)
 
$
2,527

 
2016
 
 
 
 
 
 
 
 
 
 
Residential
$
895

 
$
530

 
$

 
$

 
$
1,425

 
Commercial
517

 
153

 

 

 
670

 
Industrial
96

 
10

 

 

 
106

 
Other
40

 
61

 
232

 
(45
)
 
288

 
Total revenues(a)
$
1,548

 
$
754

 
$
232

 
$
(45
)
 
$
2,489

 
(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 years ended December 31, 2018, 2017, and 2016:
 
Ameren Illinois Electric Distribution
 
Ameren Illinois Natural Gas
 
Ameren Illinois Transmission
 
Ameren Illinois
2018
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
(3
)
 
$
(23
)
 
$
(25
)
 
$
(51
)
Other revenues not from contracts with customers
16

 
2

 

 
18

2017
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
(5
)
 
$
5

 
$
9

 
$
9

Other revenues not from contracts with customers
6

 
2

 

 
8

2016
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
(70
)
 
$
11

 
$
2

 
$
(57
)
Other revenues not from contracts with customers
6

 
2

 

 
8

v3.10.0.1
Selected Quarterly Information
12 Months Ended
Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]  
SELECTED QUARTERLY INFORMATION
Ameren
2018
 
 
2017
 
Quarter ended
March 31
 
June 30
 
September 30
 
December 31
 
 
March 31

 
June 30

 
September 30
 
December 31
 
Operating revenues(a)
$
1,585

 
$
1,563

 
$
1,724

 
$
1,419

 
 
$
1,515

 
$
1,537

 
$
1,723

 
$
1,399

 
Operating income(a)
273

 
385

 
533

 
166

 
 
242

 
387

 
569

 
212

 
Net income (loss)
153

 
240

 
359

 
69

 
 
104

 
194

 
290

 
(59
)
(b) 
Net income (loss) attributable to Ameren common shareholders
$
151

 
$
239

 
$
357

 
$
68

 
 
$
102

 
$
193

 
$
288

 
$
(60
)
 
Earnings (loss) per common share – basic
$
0.62

 
$
0.98

 
$
1.46

 
$
0.28

 
 
$
0.42

 
$
0.79

 
$
1.19

 
$
(0.24
)
 
Earnings (loss) per common share – diluted(c)
$
0.62

 
$
0.97

 
$
1.45

 
$
0.28

 
 
$
0.42

 
$
0.79

 
$
1.18

 
$
(0.24
)
 
(a)
2017 amounts have been revised to reflect the adoption of accounting guidance on revenue from contracts with customers and the presentation of net periodic pension and postretirement benefit cost, effective for the Ameren Companies as of January 1, 2018. See Note 1 – Summary of Significant Accounting Policies and Note 10 – Retirement Benefits under Part II, Item 8, of this report for additional information.
(b)
Includes an increase to income tax expense of $154 million recorded in 2017 as a result of the TCJA.
(c)
The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods. This is because of the effects of rounding and the changes in the number of weighted-average diluted shares outstanding each period.
Ameren Missouri
Quarter ended
 
Operating
Revenues(a)
 
Operating
Income(a)
 
Net Income (Loss)
 
Net Income (Loss)
Available
to Common
Shareholder
March 31, 2018
 
$
792

 
$
90

 
$
39

 
$
38

March 31, 2017
 
791

 
47

 
6

 
5

June 30, 2018
 
955

 
258

 
169

 
168

June 30, 2017
 
934

 
230

 
121

 
120

September 30, 2018
 
1,129

 
394

 
295

 
294

September 30, 2017
 
1,116

 
412

 
235

 
234

December 31, 2018
 
713

 
7

 
(22
)
 
(22
)
December 31, 2017
 
696

 
33

 
(36
)
(b) 
(36
)

(a)
2017 amounts have been revised to reflect the adoption of accounting guidance on revenue from contracts with customers and the presentation of net periodic pension and postretirement benefit cost, effective for the Ameren Companies as of January 1, 2018. See Note 1 – Summary of Significant Accounting Policies and Note 10 – Retirement Benefits under Part II, Item 8, of this report for additional information.
(b)
Includes an increase to income tax expense of $32 million recorded in 2017 as a result of the TCJA.
Ameren Illinois
Quarter ended
 
Operating
Revenues(a)
 
Operating
Income(a)
 
Net Income
 
Net Income
Available
to Common
Shareholder
March 31, 2018
 
$
760

 
$
159

 
$
96

 
$
95

March 31, 2017
 
703

 
169

 
80

 
79

June 30, 2018
 
578

 
105

 
63

 
62

June 30, 2017
 
576

 
128

 
58

 
57

September 30, 2018
 
564

 
113

 
63

 
63

September 30, 2017
 
574

 
124

 
55

 
55

December 31, 2018
 
674

 
135

 
85

 
84

December 31, 2017
 
674

 
148

 
78

 
77


(a)
2017 amounts have been revised to reflect the adoption of accounting guidance on revenue from contracts with customers and the presentation of net periodic pension and postretirement benefit cost, effective for the Ameren Companies as of January 1, 2018. See Note 1 – Summary of Significant Accounting Policies and Note 10 – Retirement Benefits under Part II, Item 8, of this report for additional information.
v3.10.0.1
Schedule I - Condensed Financial Information Of Parent
12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information Of Parent
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT
AMEREN CORPORATION
CONDENSED STATEMENT OF INCOME AND COMPREHENSIVE INCOME
For the Years Ended December 31, 2018, 2017, and 2016
(In millions)
2018
 
2017
 
2016
Operating revenues
$

 
$

 
$

Operating expenses
11

 
15

 
19

Operating loss
(11
)
 
(15
)
 
(19
)
Equity in earnings of subsidiaries
857

 
659

 
663

Interest income from affiliates
3

 
9

 
10

Total other income (expense), net
(12
)
 
2

 

Interest charges
34

 
31

 
28

Income tax (benefit)
(12
)
 
101

 
(27
)
Net Income Attributable to Ameren Common Shareholders
$
815

 
$
523

 
$
653

 
 
 
 
 
 
Net Income Attributable to Ameren Common Shareholders
$
815

 
$
523

 
$
653

Other Comprehensive Income (Loss), Net of Taxes:
 
 
 
 
 
Pension and other postretirement benefit plan activity, net of income taxes (benefit) of $(1), $3, and $(7), respectively
(4
)
 
5

 
(20
)
Comprehensive Income Attributable to Ameren Common Shareholders
$
811

 
$
528

 
$
633

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT
AMEREN CORPORATION
CONDENSED BALANCE SHEET
(In millions)
December 31, 2018
 
December 31, 2017
Assets:
 
 
 
Cash and cash equivalents
$

 
$

Advances to money pool
76

 
13

Accounts receivable – affiliates
43

 
46

Other current assets
4

 
8

Total current assets
123

 
67

Investments in subsidiaries
8,559

 
7,944

Note receivable – ATXI
75

 
75

Accumulated deferred income taxes, net
108

 
222

Other assets
126

 
140

Total assets
$
8,991

 
$
8,448

Liabilities and Shareholders’ Equity:
 
 
 
Short-term debt
$
470

 
$
383

Borrowings from money pool
46

 
28

Accounts payable – affiliates
10

 
6

Other current liabilities
12

 
27

Total current liabilities
538

 
444

Long-term debt
697

 
696

Pension and other postretirement benefits
43

 
37

Other deferred credits and liabilities
82

 
87

Total liabilities
1,360

 
1,264

Commitments and Contingencies (Note 5)
 
 
 
Shareholders’ Equity:
 
 
 
Common stock, $.01 par value, 400.0 shares authorized – shares outstanding of 244.5 and 242.6, respectively
2

 
2

Other paid-in capital, principally premium on common stock
5,627

 
5,540

Retained earnings
2,024

 
1,660

Accumulated other comprehensive loss
(22
)
 
(18
)
Total shareholders’ equity
7,631

 
7,184

Total liabilities and shareholders’ equity
$
8,991

 
$
8,448

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT
AMEREN CORPORATION
CONDENSED STATEMENT OF CASH FLOWS
For the Years Ended December 31, 2018, 2017, and 2016
(In millions)
 
2018
 
2017
 
2016
Net cash flows provided by operating activities
 
$
550

 
$
454

 
$
483

Cash flows from investing activities:
 
 
 
 
 
 
Money pool advances, net
 
(63
)
 
14

 
(27
)
Notes receivable – ATXI, net
 

 
275

 
(60
)
Investments in subsidiaries
 
(208
)
 
(151
)
 
(123
)
Other
 
5

 
6

 
2

Net cash flows provided by (used in) investing activities
 
(266
)
 
144

 
(208
)
Cash flows from financing activities:
 
 
 
 
 
 
Dividends on common stock
 
(451
)
 
(431
)
 
(416
)
Short-term debt, net
 
87

 
(124
)
 
206

Money pool borrowings, net
 
18

 
(5
)
 
19

Issuances of common stock
 
74

 

 

Repurchases of common stock for stock-based compensation
 

 
(24
)
 
(51
)
Employee payroll taxes related to stock-based compensation
 
(19
)
 
(15
)
 
(32
)
Net cash flows used in financing activities
 
(291
)
 
(599
)
 
(274
)
Net change in cash, cash equivalents, and restricted cash
 
$
(7
)
 
$
(1
)
 
$
1

Cash, cash equivalents, and restricted cash at beginning of year
 
8

 
9

 
8

Cash, cash equivalents, and restricted cash at end of year
 
$
1

 
$
8

 
$
9

 
 
 
 
 
 
 
Cash dividends received from consolidated subsidiaries
 
$
450

 
$
362

 
$
465

 
 
 
 
 
 
 
Noncash financing activity – Issuance of common stock for stock-based compensation
 
$
35

 
$

 
$

AMEREN CORPORATION (parent company only)
NOTES TO CONDENSED FINANCIAL STATEMENTS
December 31, 2018
NOTE 1 BASIS OF PRESENTATION
Ameren Corporation (parent company only) is a public utility holding company that conducts substantially all of its business operations through its subsidiaries. Ameren Corporation (parent company only) has accounted for its subsidiaries using the equity method. These financial statements are presented on a condensed basis.
See Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of this report for additional information. See Note 13 – Related-party Transactions under Part II, Item 8, of this report for information on the tax allocation agreement between Ameren Corporation (parent company only) and its subsidiaries.
NOTE 2 CASH AND CASH EQUIVALENTS
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet as of December 31, 2018 and 2017:
 
2018
 
2017
Cash and cash equivalents
$

 
$

Restricted cash included in “Other current assets”
1

 
8

Total cash, cash equivalents, and restricted cash
$
1

 
$
8


See Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of this report for additional information.
NOTE 3 – SHORT-TERM DEBT AND LIQUIDITY
Ameren, Ameren Services, and other non-state-regulated Ameren subsidiaries have the ability, subject to Ameren parent company and applicable regulatory short-term borrowing authorizations, to access funding from the Credit Agreements and the commercial paper programs through a non-state-regulated subsidiary money pool agreement. All participants may borrow from or lend to the non-state-regulated money pool. The total amount available to pool participants from the non-state-regulated subsidiary money pool at any given time is reduced by the amount of borrowings made by participants, but is increased to the extent that the pool participants advance surplus funds to the non-state-regulated subsidiary money pool or remit funds from other external sources. The non-state-regulated subsidiary money pool was established to coordinate and to provide short-term cash and working capital for the participants. Participants receiving a loan under the non-state-regulated subsidiary money pool agreement must repay the principal amount of such loan, together with accrued interest. The rate of interest depends on the composition of internal and external funds in the non-state-regulated subsidiary money pool. Interest revenues and interest charges related to non-state-regulated money pool advances and borrowings were immaterial in 2016, 2017, and 2018.
Ameren Corporation (parent company only) had a total of $11 million in guarantees outstanding, primarily for ATXI, that were not recorded on its December 31, 2018 balance sheet. The ATXI guarantees were issued to local governments as assurance for potential remediation of damage caused by ATXI construction.
See Note 4 – Short-term Debt and Liquidity under Part II, Item 8, of this report for a description and details of short-term debt and liquidity needs of Ameren Corporation (parent company only).
NOTE 4 LONG-TERM OBLIGATIONS
See Note 5 – Long-term Debt and Equity Financings under Part II, Item 8, of this report for additional information on Ameren Corporation’s (parent company only) long-term debt, indenture provisions, and restricted cash balance.
NOTE 5 COMMITMENTS AND CONTINGENCIES
See Note 14 – Commitments and Contingencies under Part II, Item 8, of this report for a description of all material contingencies of Ameren Corporation (parent company only).
NOTE 6 OTHER INCOME (EXPENSE), NET
The following table presents the components of “Other Income (Expense), Net” in the Condensed Statement of Income and Comprehensive Income for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Other Income (Expense), Net
 
 
 
 
 
Non-service cost components of net periodic benefit income
$
2

 
$
2

 
$
5

Donations
(13
)
 

 
(5
)
Other expense, net
(1
)
 

 

Total Other Income (Expense), Net
$
(12
)
 
$
2

 
$


Based on authoritative accounting guidance described in Note 10 - Retirement Benefits under Part II, Item 8, of this report, Ameren Corporation (parent company only) has retrospectively reclassified $2 million and $5 million of net benefit income from “Operating Expenses” to “Other Income (Expense), Net” in the Condensed Statement of Income and Comprehensive Income for the years ended December 31, 2017, and December 31, 2016, respectively.
NOTE 7 INCOME TAXES
During the year ended December 31, 2017, Ameren (parent) recorded $110 million in income tax expense and reduction in accumulated deferred income taxes as a result of the TCJA. During the year ended December 31, 2018, Ameren (parent) updated its provisional estimate and recorded $5 million of income tax expense and reduction in accumulated deferred income taxes, primarily due to the application of proposed IRS regulations on depreciation transition rules.
Schedule of Cash and Cash Equivalents Including Restricted Cash [Table Text Block]
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets as of December 31, 2018 and 2017:
 
December 31, 2018
 
December 31, 2017
Ameren
Ameren
Missouri
Ameren
Illinois
Ameren
Ameren
Missouri
Ameren
Illinois
Cash and cash equivalents
$
16

$

$

 
$
10

$

$

Restricted cash included in “Other current assets”
13

4

6

 
21

5

6

Restricted cash included in “Other assets”
74


74

 
35


35

Restricted cash included in “Nuclear decommissioning trust fund”
4

4


 
2

2


Total cash, cash equivalents, and restricted cash
$
107

$
8

$
80

 
$
68

$
7

$
41

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet as of December 31, 2018 and 2017:
 
2018
 
2017
Cash and cash equivalents
$

 
$

Restricted cash included in “Other current assets”
1

 
8

Total cash, cash equivalents, and restricted cash
$
1

 
$
8

Other Income And Expenses
The following table presents the components of “Other Income, Net” in the Ameren Companies’ statements of income for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren:
 
 
 
 
 
Other Income, Net
 
 
 
 
 
Allowance for equity funds used during construction
$
36

 
$
24

 
$
27

Interest income on industrial development revenue bonds
26

 
26

 
27

Other interest income
7

  
8

  
13

Non-service cost components of net periodic benefit income
70

(a) 
44

 
56

Other income
8

 
5

 
10

Donations
(33
)
 
(8
)
 
(16
)
Other expense
(12
)
 
(13
)
 
(16
)
Total Other Income, Net
$
102

 
$
86

 
$
101

Ameren Missouri:
 
 
 
 
 
Other Income, Net
 
 
 
 
 
Allowance for equity funds used during construction
$
27

 
$
21

 
$
23

Interest income on industrial development revenue bonds
26

 
26

 
27

Other interest income
2

 
1

 
1

Non-service cost components of net periodic benefit income
17

(a) 
22

 
18

Other income
4

 
3

 
3

Donations
(14
)
 
(2
)
 
(4
)
Other expense
(6
)
 
(6
)
 
(6
)
Total Other Income, Net
$
56

 
$
65

 
$
62

Ameren Illinois:
 
 
 
 
 
Other Income, Net
 
 
 
 
 
Allowance for equity funds used during construction
$
9

 
$
3

 
$
4

Interest income
6

 
7

 
12

Non-service cost components of net periodic benefit income
34

 
10

 
24

Other income
3

 
2

 
6

Donations
(6
)
 
(5
)
 
(6
)
Other expense
(4
)
 
(5
)
 
(6
)
Total Other Income, Net
$
42

 
$
12

 
$
34

.
(a)
For the year ended December 31, 2018, the non-service cost components of net periodic benefit income were partially offset by a $17 million deferral 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.
The following table presents the components of “Other Income (Expense), Net” in the Condensed Statement of Income and Comprehensive Income for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Other Income (Expense), Net
 
 
 
 
 
Non-service cost components of net periodic benefit income
$
2

 
$
2

 
$
5

Donations
(13
)
 

 
(5
)
Other expense, net
(1
)
 

 

Total Other Income (Expense), Net
$
(12
)
 
$
2

 
$

v3.10.0.1
Schedule II - Valuation And Qualifying Accounts
12 Months Ended
Dec. 31, 2018
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation And Qualifying Accounts
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED DECEMBER 31, 2018, 2017, AND 2016
(in millions)
 
 
 
 
 
 
 
 
 
Column A
Column B
 
Column C
 
Column D
 
Column E
Description
Balance at
Beginning
of Period
 
(1)
Charged to Costs
and Expenses
 
(2)
Charged to Other
Accounts(a)
 
Deductions(b)
 
Balance at End
of Period
Ameren:
 
 
 
 
 
 
 
 
 
Deducted from assets – allowance for doubtful accounts:
 
 
 
 
 
 
 
 
 
2018
$
19

 
$
27

 
$
4

 
$
32

 
$
18

2017
19

 
26

 
7

 
33

 
19

2016
19

 
32

 
3

 
35

 
19

Deferred tax valuation allowance:
 
 
 
 
 
 
 
 
 
2018
$
5

 
$

 
$

 
$

 
$
5

2017
11

 
(6
)
(c) 

 

 
5

2016
6

 
7

 
(2
)
 

 
11

Ameren Missouri:
 
 
 
 
 
 
 
 
 
Deducted from assets – allowance for doubtful accounts:
 
 
 
 
 
 
 
 
 
2018
$
7

 
$
9

 
$

 
$
9

 
$
7

2017
7

 
9

 

 
9

 
7

2016
7

 
10

 

 
10

 
7

Ameren Illinois:
 
 
 
 
 
 
 
 
 
Deducted from assets – allowance for doubtful accounts:
 
 
 
 
 
 
 
 
 
2018
$
12

 
$
18

 
$
4

 
$
23

 
$
11

2017
12

 
17

 
7

 
24

 
12

2016
12

 
22

 
3

 
25

 
12

(a)
Amounts associated with the allowance for doubtful accounts relate to the uncollectible account reserve associated with receivables purchased by Ameren Illinois from alternative retail electric suppliers, as required by the Illinois Public Utilities Act. The amounts relating to the deferred tax valuation allowance are for items that have expired and were removed from both the underlying accumulated deferred income tax account as well as the offsetting valuation account.
(b)
Uncollectible accounts charged off, less recoveries.
(c)
Includes an adjustment of $3 million to Ameren (parent)’s valuation allowance for certain deferred tax assets existing at December 31, 2017, for the reduction in the income tax rate.
v3.10.0.1
Summary Of Significant Accounting Policies (Policy)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Life Insurance, Corporate or Bank Owned [Text Block]
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 December 31, 2018, the cash surrender value of company-owned life insurance at Ameren and Ameren Illinois was $244 million (December 31, 2017 – $265 million) and $122 million (December 31, 2017 – $129 million), respectively, while total borrowings against the policies were $113 million (December 31, 2017 – $120 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.
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 also 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 Missouri was incorporated in Missouri in 1922 and is successor to a number of companies, the oldest of which was organized in 1881. It is the largest electric utility in the state of Missouri. It supplies electric and natural gas service to a 24,000-square-mile area in central and eastern Missouri, which includes the Greater St. Louis area. Ameren Missouri supplies electric service to 1.2 million customers and natural gas service to 0.1 million customers.
Ameren Illinois Company, doing business as Ameren Illinois, operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois. Ameren Illinois was incorporated in Illinois in 1923 and is the successor to a number of companies, the oldest of which was organized in 1902. Ameren Illinois supplies electric and natural gas utility service to a 40,000 square mile area in central and southern Illinois. Ameren Illinois supplies electric service to 1.2 million customers and natural gas service to 0.8 million customers.
Ameren Transmission Company of Illinois, doing business as ATXI, operates a FERC rate-regulated electric transmission business. ATXI was incorporated in Illinois in 2006. ATXI is constructing MISO-approved electric transmission projects, including the Illinois Rivers and Mark Twain projects, and operates the Spoon River project, which was placed in service in February 2018. Ameren also evaluates competitive electric transmission investment opportunities as they arise.
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 presentation 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.
Public Utilities
Environmental Costs
Liabilities for environmental costs are recorded on an undiscounted basis when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Costs are expensed or deferred as a regulatory asset when it is expected that the costs will be recovered from customers in future rates.
Regulation
We are regulated by the MoPSC, the ICC, and the FERC. We defer certain costs as assets pursuant to actions of rate regulators or because of expectations that we will be able to recover such costs in future rates charged to customers. We also defer certain amounts as liabilities pursuant to actions of rate regulators or based on the expectation that such amounts will be returned to customers in future rates. Regulatory assets and liabilities are amortized consistent with the period of expected regulatory treatment. Ameren Missouri and Ameren Illinois have various rate-adjustment mechanisms in place that provide for the recovery of purchased natural gas and electric fuel and purchased power costs without a traditional regulatory rate review.
In Ameren Missouri’s and Ameren Illinois’ natural gas businesses, changes in natural gas costs are reflected in billings to their respective customers through PGA clauses. The difference between actual natural gas costs and costs billed to customers in a given period is deferred as a regulatory asset or liability. The deferred amount is either billed or refunded to customers in a subsequent period.
Ameren Missouri has a FAC that allows an adjustment of electric rates three times per year, without a traditional rate proceeding, for a pass-through to customers of 95% of the variance in net energy costs from the amount set in base rates, subject to MoPSC prudence review. The difference between the actual amounts incurred for these items and the amounts recovered from Ameren Missouri customers’ base rates is deferred as a regulatory asset or liability. The deferred amounts are either billed or refunded to customers in a subsequent period.
In Ameren Illinois’ electric distribution business, changes in purchased power and transmission service costs are reflected in billings to its customers through pass-through rate-adjustment clauses. The difference between actual purchased power and transmission service costs and costs billed to customers in a given period is deferred as a regulatory asset or liability. The deferred amount is either billed or refunded to customers in a subsequent period.
In addition to the rate-adjustment mechanisms discussed above, Ameren Missouri and Ameren Illinois have approvals from rate regulators to use other cost recovery mechanisms. Ameren Missouri has a pension and postretirement benefit cost tracker, an uncertain tax position tracker, a tracker on certain excess deferred taxes, a renewable energy standards cost tracker, a solar rebate program tracker, PISA, and a RESRAM. Ameren Illinois’ and ATXI’s electric transmission rates are determined pursuant to formula ratemaking. Ameren Illinois participates in performance-based formula ratemaking for its electric distribution business and its electric energy-efficiency investments. Ameren Illinois also has environmental cost riders, an asbestos-related litigation rider, a natural gas energy-efficiency rider, a QIP rider, a VBA rider, a bad debt rider, and cost recovery mechanisms for renewable energy credits and zero emission credits. See Note 2 – Rate and Regulatory Matters for additional information on the regulatory assets and liabilities recorded at December 31, 2018 and 2017.
Ameren, Ameren Missouri, and Ameren Illinois continually assess the recoverability of their regulatory assets. Regulatory assets are charged to earnings when it is no longer probable that such amounts will be recovered through future revenues. To the extent that reductions in customers rates or refunds to customers related to regulatory liabilities are no longer probable, the amounts are credited to earnings.
Cash and Cash Equivalents
Cash, Cash Equivalents, and Restricted Cash
Cash and cash equivalents include short-term, highly liquid investments purchased with an original maturity of three months or less. Cash and cash equivalents subject to legal or contractual restrictions and not readily available for use for general corporate purposes are classified as restricted cash.
In November 2016, the FASB issued authoritative guidance that requires, including on a retrospective basis, restricted cash to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. Our adoption of this guidance, effective January 2018, did not result in material changes to previously reported cash flows from operating, investing, or financing activities. The changes in our restricted cash balances during the year ended December 31, 2018, were primarily reflected as increases in cash provided by operating activities as a result of our adoption of this guidance.
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets as of December 31, 2018 and 2017:
 
December 31, 2018
 
December 31, 2017
Ameren
Ameren
Missouri
Ameren
Illinois
Ameren
Ameren
Missouri
Ameren
Illinois
Cash and cash equivalents
$
16

$

$

 
$
10

$

$

Restricted cash included in “Other current assets”
13

4

6

 
21

5

6

Restricted cash included in “Other assets”
74


74

 
35


35

Restricted cash included in “Nuclear decommissioning trust fund”
4

4


 
2

2


Total cash, cash equivalents, and restricted cash
$
107

$
8

$
80

 
$
68

$
7

$
41

Restricted cash included in Ameren’s other current assets primarily represents participant funds from Ameren (parent)’s DRPlus and funds held by an irrevocable Voluntary Employee Beneficiary Association (VEBA) trust, which provides health care benefits for active employees. Restricted cash included in Ameren Missouri’s and Ameren Illinois’ other current assets primarily represents funds held by the VEBA trust.
Restricted cash included in Ameren’s and Ameren Illinois’ other assets primarily represents amounts in a trust fund restricted for the use of funding certain asbestos-related claims and amounts collected under a cost recovery rider that are restricted for use in the procurement of renewable energy credits.
Allowance for Doubtful Accounts Receivable
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 December 31, 2018 and 2017, “Other current liabilities” on Ameren’s and Ameren Illinois’ balance sheets included payables for purchased receivables of $33 million and $31 million, respectively.
For the years ended December 31, 2018, 2017, and 2016 the Ameren Companies recorded immaterial bad debt expense.
Allowance for Doubtful Accounts Receivable
The allowance for doubtful accounts represents our estimate of existing accounts receivable that will ultimately be uncollectible. The allowance is calculated by applying estimated loss factors to various classes of outstanding receivables, including unbilled revenue. The loss factors used to estimate uncollectible accounts are based upon both historical collections experience and management’s estimate of future collections success given the existing and anticipated future collections environment. Ameren Illinois has a bad debt rider that adjusts rates for net write-offs of customer accounts receivable above or below those being collected in rates.
Materials and Supplies
Inventories
Inventories are recorded at the lower of weighted-average cost or net realizable value. Inventories are capitalized when purchased and then expensed as consumed or capitalized as property, plant, and equipment when installed, as appropriate.
Property and Plant
Property, Plant, and Equipment, Net
We capitalize the cost of additions to, and betterments of, units of property, plant, and equipment. The cost includes labor, material, applicable taxes, and overhead. An allowance for funds used during construction, as discussed below, is also capitalized as a cost of our rate-regulated assets. Maintenance expenditures, including nuclear refueling and maintenance outages, are expensed as incurred. When units of depreciable property are retired, the original costs, less salvage values, are charged to accumulated depreciation. If environmental expenditures are related to assets currently in use, as in the case of the installation of pollution control equipment, the cost is capitalized and depreciated over the expected life of the asset. See Asset Retirement Obligations section below and Note 3 – Property, Plant, and Equipment, Net for additional information.
Ameren Missouri’s cost of nuclear fuel is capitalized as a part of “Property, Plant, and Equipment, Net” on the balance sheet and then amortized to fuel expense on a unit-of-production basis. The cost is charged to “Operating Expenses – Fuel” in the statement of income.
Depreciation
Depreciation is provided over the estimated lives of the various classes of depreciable property by applying composite rates on a straight-line basis to the cost basis of such property. The provision for depreciation for the Ameren Companies in 2018, 2017, and 2016 ranged from 3% to 4% of the average depreciable cost.
Allowance for Funds Used During Construction
Allowance for Funds Used During Construction
We capitalize allowance for funds used during construction, or the cost of borrowed funds and the cost of equity funds (preferred and common shareholders’ equity) applicable to rate-regulated construction expenditures, in accordance with the utility industry’s accounting practice and GAAP. Allowance for funds used during construction does not represent a current source of cash funds. This accounting practice offsets the effect on earnings of the cost of financing during construction, and it treats such financing costs in the same manner as construction charges for labor and materials.
Under accepted ratemaking practice, cash recovery of allowance for funds used during construction and other construction costs occurs when completed projects are placed in service and reflected in customer rates.
Goodwill
Goodwill
Goodwill represents the excess of the purchase price of an acquisition over the fair value of the net assets acquired. Ameren and Ameren Illinois had goodwill of $411 million at December 31, 2018 and 2017. Ameren has four reporting units: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. Ameren Illinois has three reporting units: Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Illinois Transmission. Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Illinois Transmission had goodwill of $238 million, $80 million, and $93 million, respectively, at December 31, 2018 and 2017. The Ameren Transmission reporting unit had the same $93 million of goodwill as the Ameren Illinois Transmission reporting unit at December 31, 2018 and 2017.
Ameren and Ameren Illinois evaluate goodwill for impairment in each of their reporting units as of October 31 each year, or more frequently if events and circumstances change that would more likely than not reduce the fair value of their reporting units below their carrying amounts. To determine whether the fair value of a reporting unit is more likely than not greater than its carrying amount, Ameren and Ameren Illinois elect to perform either a qualitative assessment or to bypass the qualitative assessment and perform a quantitative test, on an annual basis.
Ameren and Ameren Illinois elected to perform a qualitative assessment for their annual goodwill impairment test conducted as of October 31, 2018. The results of Ameren’s and Ameren Illinois’ qualitative assessment indicated that it was more likely than not that the fair value of each reporting unit significantly exceeded its carrying value as of October 31, 2018, resulting in no impairment of Ameren’s or Ameren Illinois’ goodwill. The following factors, among others, were considered by Ameren and Ameren Illinois when they assessed whether it was more likely than not that the fair value of each of their reporting units exceeded its carrying value as of October 31, 2018:
macroeconomic conditions, including those conditions within Ameren Illinois’ service territory;
pending regulatory rate review outcomes and projections of future regulatory rate review outcomes;
changes in laws and potential law changes;
observable industry market multiples;
achievement of IEIMA and FEJA performance metrics and the yield of the 30-year United States Treasury bonds;
changes in the FERC-allowed return on equity with respect to transmission services; and
projected operating results and cash flows.
Impairment of Long-lived Assets
Impairment of Long-lived Assets
We evaluate long-lived assets classified as held and used for impairment when events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. Whether an impairment has occurred is determined by comparing the estimated undiscounted cash flows attributable to the assets to the carrying value of the assets. If the carrying value exceeds the undiscounted cash flows, we recognize an impairment charge equal to the amount by which the carrying value exceeds the estimated fair value of the assets. In the period in which we determine that an asset meets held for sale criteria, we record an impairment charge to the extent the book value exceeds its estimated fair value less cost to sell. We did not identify any events or changes in circumstances that indicated that the carrying value of long-lived assets may not be recoverable in 2018 and 2017.
Asset Retirement Obligations
Asset Retirement Obligations
We record the estimated fair value of legal obligations associated with the retirement of tangible long-lived assets in the period in which the liabilities are incurred and capitalize a corresponding amount as part of the book value of the related long-lived asset. In subsequent periods, we adjust AROs based on changes in the estimated fair values of the obligations with a corresponding increase or decrease in the asset book value. Asset book values, reflected within “Property, Plant, and Equipment, Net” on the balance sheet, are depreciated over the remaining useful life of the related asset. Due to regulatory recovery, that depreciation is deferred as a regulatory balance. The depreciation of the asset book values at Ameren Missouri was $14 million, $26 million, and $31 million for the years ended December 31, 2018, 2017, and 2016, respectively, which was deferred as a reduction to the net regulatory liability. The net regulatory liability also reflects deferrals of net realized and unrealized gains and losses within the nuclear decommissioning trust fund for the Callaway energy center. The depreciation deferred to the regulatory asset at Ameren Illinois was immaterial in each respective period. Uncertainties as to the probability, timing, or amount of cash expenditures associated with AROs affect our estimates of fair value. Ameren and Ameren Missouri have recorded AROs for retirement costs associated with Ameren Missouri’s Callaway energy center decommissioning, CCR facilities, and river structures. Also, Ameren, Ameren Missouri, and Ameren Illinois have recorded AROs for retirement costs associated with asbestos removal and the disposal of certain transformers. Asset removal costs that do not constitute legal obligations are classified as regulatory liabilities. See Note 2 – Rate and Regulatory Matters.
Noncontrolling Interest
Noncontrolling Interests
As of December 31, 2018 and 2017, Ameren’s noncontrolling interests included the preferred stock of Ameren Missouri and Ameren Illinois.
Revenue
Operating Revenues
In the first quarter of 2018, we adopted authoritative accounting guidance related to revenue from contracts with customers using the full retrospective method, with no material changes to the amount or timing of revenue recognition. We record revenues from contracts with customers for various electric and natural gas services, which primarily consist of retail distribution, electric transmission, and off-system arrangements. When more than one performance obligation exists in a contract, the consideration under the contract is allocated to the performance obligations based on the relative standalone selling price.
Electric and natural gas retail distribution revenues are earned when the commodity is delivered to our customers. We accrue an estimate of electric and natural gas retail distribution revenues for service provided but unbilled at the end of each accounting period.
Electric transmission revenues are earned as electric transmission services are provided.
Off-system revenues are primarily comprised of MISO revenues and wholesale bilateral revenues. MISO revenues include the sale of electricity, capacity, and ancillary services. Wholesale bilateral revenues include the sale of electricity and capacity. MISO-related electricity and wholesale bilateral electricity revenues are earned as electricity is delivered. MISO-related capacity and ancillary service revenues and wholesale bilateral capacity revenues are earned as services are provided.
Retail distribution, electric transmission, and off-system revenues, including the underlying components described above, represent a series of goods or services that are substantially the same and have the same pattern of transfer over time to our customers. Revenues from contracts with customers are equal to the amounts billed and our estimate of electric and natural gas retail distribution services provided but unbilled at the end of each accounting period. Revenues are billed at least monthly, and payments are due less than one month after goods and/or services are provided. See Note 15 – Segment Information for disaggregated revenue information.
For certain regulatory recovery mechanisms that are alternative revenue programs rather than revenues from contracts with customers, we recognize revenues that have been authorized for rate recovery, are objectively determinable and probable of recovery, and are expected to be collected from customers within two years from the end of the year. Our alternative revenue programs include revenue requirement reconciliations, MEEIA, and VBA. These revenues are subsequently recognized as revenues from contracts with customers when billed, with an offset to alternative revenue program revenues.
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. As of December 31, 2018 and 2017, our remaining performance obligations were immaterial.
Cost Of Sales
Accounting for MISO Transactions
MISO-related purchase and sale transactions are recorded by Ameren, Ameren Missouri, and Ameren Illinois using settlement information provided by MISO. Ameren Missouri records these purchase and sale transactions on a net hourly position. Ameren Missouri records net purchases in a single hour in “Operating Expenses – Purchased power” and net sales in a single hour in “Operating Revenues – Electric” in its statement of income. Ameren Illinois records net purchases in “Operating Expenses – Purchased power” in its statement of income to reflect all of its MISO transactions relating to the procurement of power for its customers. On occasion, Ameren Missouri’s and Ameren Illinois’ prior-period transactions will be resettled outside the routine settlement process because of a change in MISO’s tariff or a material interpretation thereof. In these cases, Ameren Missouri and Ameren Illinois recognize expenses associated with resettlements once the resettlement is probable and the resettlement amount can be estimated. Revenues are recognized once the resettlement amount is received. There were no material MISO resettlements in 2018, 2017, or 2016.
Stock-Based Compensation
Stock-based Compensation
Stock-based compensation cost is measured at the grant date based on the fair value of the award, net of an assumed forfeiture rate. Ameren recognizes as compensation expense the estimated fair value of stock-based compensation on a straight-line basis over the requisite vesting period. See Note 11 – Stock-based Compensation for additional information.
Deferred Compensation
As of December 31, 2018, and 2017, “Other deferred credits and liabilities” on Ameren’s balance sheet included deferred compensation obligations of $80 million and $86 million, respectively, recorded at the present value of future benefits to be paid.
Excise Taxes
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.
Unamortized Debt Discount, Premium, And Expense
Unamortized Debt Discounts, Premiums, and Issuance Costs
Long-term debt discounts, premiums, and issuance costs are amortized over the lives of the related issuances. Credit agreement fees are amortized over the term of the agreement.
Income Taxes
Income Taxes
Ameren uses an asset and liability approach for its financial accounting and reporting of income taxes. Deferred tax assets and liabilities are recognized for transactions that are treated differently for financial reporting and income tax return purposes. These deferred tax assets and liabilities are based on statutory tax rates.
We expect that regulators will reduce future revenues for deferred tax liabilities that were initially recorded at rates in excess of the current statutory rate. Therefore, reductions in certain deferred tax liabilities that were recorded because of decreases in the statutory rate have been credited to a regulatory liability. A regulatory asset has been established to recognize the probable recovery through future customer rates of tax benefits related to the equity component of allowance for funds used during construction, as well as the effects of tax rate increases. To the extent deferred tax balances are included in rate base, the revaluation of deferred taxes is recorded as a regulatory asset or liability on the balance sheet and will be collected from, or refunded to, customers. For deferred tax balances not included in rate base, the revaluation of deferred taxes is recorded as an adjustment to income tax expense on the income statement. See Note 12 – Income Taxes for further information regarding the revaluation of deferred taxes related to the TCJA and Missouri and Illinois state corporate income tax rate changes.
Ameren Missouri, Ameren Illinois, and all the other Ameren subsidiary companies are parties to a tax allocation agreement with Ameren (parent) that provides for the allocation of consolidated tax liabilities. The tax allocation agreement specifies that each party be allocated an amount of tax using a stand-alone calculation, which is similar to that which would be owed or refunded had the party been separately subject to tax considering the impact of consolidation. Any net benefit attributable to Ameren (parent) is reallocated to the other parties. This reallocation is treated as a capital contribution to the party receiving the benefit.
Earnings Per Share
Earnings per Share
Earnings per basic and diluted share are computed by dividing “Net Income Attributable to Ameren Common Shareholders” by the weighted-average number of basic and diluted common shares outstanding, respectively, during the period. Earnings per diluted share reflects the potential dilution that would occur if certain stock-based performance share units and restricted stock units were settled. The number of shares from performance share units assumed to be settled was 2.0 million, 1.6 million, and 0.8 million for the years ended December 31, 2018, 2017, and 2016, respectively. The number of shares from restricted stock units assumed to be settled was immaterial for the year ended December 31, 2018, and not applicable for the years ended December 31, 2017 and 2016. There were no potentially dilutive securities excluded from the diluted earnings per share calculations for the years ended December 31, 2018, 2017, and 2016.
Accounting Changes and Other Matters
Accounting Changes and Other Matters
The following is a summary of recently adopted authoritative accounting guidance, as well as guidance issued but not yet adopted, that could affect the Ameren Companies.
In the first quarter of 2018, the Ameren Companies adopted authoritative accounting guidance on various topics. See the Operating Revenues section above for more information on our adoption of the guidance on revenue from contracts with customers. See Note 10 – Retirement Benefits for more information on our adoption of the guidance on the presentation of net periodic pension and postretirement benefit cost. See the Cash, Cash Equivalents, and Restricted Cash section above for more information on our adoption of the guidance on restricted cash. Our adoption of the guidance on the recognition and measurement of financial assets and financial liabilities did not have a material impact on our results of operations or financial position.
Leases
In February 2016, the FASB issued authoritative guidance that requires an entity to recognize assets and liabilities arising from all leases with a term greater than one year. This guidance will affect the Ameren Companies’ financial position by increasing the assets and liabilities recorded relating to operating leases. Ameren expects both its assets and liabilities to increase by approximately $40 million, largely due to an increase at Ameren Missouri. We do not expect the impacts of this guidance to be material to our results of operations or cash flows. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease will depend on its classification as a finance lease or operating lease. The guidance also requires additional disclosures to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. We will adopt this guidance using the January 1, 2019 effective date as the date of our application of the standard. No adjustment to comparative periods will be made. This guidance will be effective for the Ameren Companies in the first quarter of 2019. See Note 14 – Commitments and Contingencies for additional information on our leases.
Measurement of Credit Losses on Financial Instruments
In June 2016, the FASB issued authoritative guidance that requires an entity to recognize an allowance for financial instruments that reflects its current estimate of credit losses expected to be incurred over the life of the financial instruments. 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. We are currently assessing the impacts of this guidance on our results of operations, financial position, and disclosures. This guidance will be effective for the Ameren Companies in the first quarter of 2020, and will require changes to be applied retrospectively with a cumulative effect adjustment to retained earnings as of the adoption date.
Fair Value Measurement Disclosures
In August 2018, the FASB issued authoritative guidance that affects disclosure requirements for fair value measurements. This guidance will be effective for the Ameren Companies in the first quarter of 2020, with early adoption permitted. We are currently assessing the impacts of this guidance on our disclosures.
Defined Benefit Plan Disclosures
In August 2018, the FASB issued authoritative guidance that affects disclosure requirements for defined benefit plans. This guidance will be effective for the Ameren Companies in the fourth quarter of 2020, and will require changes to be applied retrospectively to each period presented. Early adoption is permitted. We are currently assessing the impacts of this guidance on our disclosures.
Implementation Costs Incurred in Certain Cloud Computing Arrangements
In August 2018, the FASB issued authoritative guidance that aligns the requirements for capitalizing implementation costs incurred in certain hosting arrangements with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This guidance requires capitalized implementation costs to be expensed over the term of the hosting arrangement and presented in the same line item in the statement of income as the fees of the associated hosting arrangement. Capitalized implementation costs must be presented in the balance sheet in the same line item that a prepayment for the fees of the associated hosting arrangement would be presented, and payments for capitalized implementation costs must be classified in the statement of cash flows in the same manner as payments for hosting arrangement fees. The Ameren Companies early adopted this guidance in the third quarter of 2018 and applied the guidance prospectively to all implementation costs incurred after the date of adoption. Implementation costs capitalized in 2018 were immaterial.
Classification of Certain Cash Receipts and Cash Payments
In August 2016, the FASB issued authoritative guidance that specifies the classification and presentation of certain cash flow items to reduce diversity in practice. This guidance was effective for the Ameren Companies in the first quarter of 2018 and was applied retrospectively. Our adoption of this guidance did not result in material changes to previously reported cash flows from operating, investing, or financing activities.
v3.10.0.1
Derivative Financial Instruments (Policies)
12 Months Ended
Dec. 31, 2018
Derivative Instrument Detail [Abstract]  
Derivatives, Policy [Policy Text Block]
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.
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 inventories that differ from the cost of those commodities in inventory; and
actual cash outlays for the purchase of these commodities that differ from anticipated cash outlays.
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.
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Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents Including Restricted Cash [Table Text Block]
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets as of December 31, 2018 and 2017:
 
December 31, 2018
 
December 31, 2017
Ameren
Ameren
Missouri
Ameren
Illinois
Ameren
Ameren
Missouri
Ameren
Illinois
Cash and cash equivalents
$
16

$

$

 
$
10

$

$

Restricted cash included in “Other current assets”
13

4

6

 
21

5

6

Restricted cash included in “Other assets”
74


74

 
35


35

Restricted cash included in “Nuclear decommissioning trust fund”
4

4


 
2

2


Total cash, cash equivalents, and restricted cash
$
107

$
8

$
80

 
$
68

$
7

$
41

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet as of December 31, 2018 and 2017:
 
2018
 
2017
Cash and cash equivalents
$

 
$

Restricted cash included in “Other current assets”
1

 
8

Total cash, cash equivalents, and restricted cash
$
1

 
$
8

Schedule Of Inventories
The following table presents a breakdown of inventories for each of the Ameren Companies at December 31, 2018 and 2017:
 
 
Ameren Missouri
 
Ameren Illinois
 
Ameren
2018
 
 
 
 
 
 
Fuel(a)
 
$
123

 
$

 
$
123

Natural gas stored underground
 
7

 
64

 
71

Materials, supplies, and other
 
228

 
61

 
289

Total inventories
 
$
358

 
$
125

 
$
483

2017
 
 
 
 
 
 
Fuel(a)
 
$
154

 
$

 
$
154

Natural gas stored underground
 
8

 
74

 
82

Materials, supplies, and other
 
226

 
60

 
286

Total inventories
 
$
388

 
$
134

 
$
522

(a)
Consists of coal, oil, and propane.
Schedule Of Rates Used For Allowance For Funds Used During Construction
The following table presents the average allowance for funds used during construction debt and equity blended rates that were applied to construction projects in 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren Missouri
7
%
 
7
%
 
7
%
Ameren Illinois
5
%
 
4
%
 
5
%
Schedule Of Asset Retirement Obligations
The following table provides a reconciliation of the beginning and ending carrying amount of AROs for the years ended December 31, 2018 and 2017:
 
Ameren
Missouri
 
Ameren
Illinois
 
Ameren
 
Balance at December 31, 2016
$
644

 
$
6

 
$
650

 
Liabilities settled
(12
)
 
(1
)
 
(13
)
 
Accretion(a)
26

 

 
26

 
Change in estimates(b)
(18
)
 
(1
)
 
(19
)
 
Balance at December 31, 2017
$
640

(c) 
$
4

(d) 
$
644

(c) 
Liabilities settled
(7
)
 

 
(7
)
 
Accretion(a)
27

 

 
27

 
Change in estimates(e)
(14
)
 

 
(14
)
 
Balance at December 31, 2018
$
646

(c) 
$
4

(d) 
$
650

(c) 

(a)
Ameren Missouri’s accretion expense was deferred as a decrease to regulatory liabilities.
(b)
Ameren Missouri changed its fair value estimate primarily because of an extension of the remediation period of certain CCR storage facilities, an update to the decommissioning of the Callaway energy center to reflect the cost study and funding analysis filed with the MoPSC in 2017, and an increase in the assumed discount rate.
(c)
Balance included $23 million and $6 million in “Other current liabilities” on the balance sheet as of December 31, 2018 and 2017, respectively.
(d)
Included in “Other deferred credits and liabilities” on the balance sheet.
(e)
Ameren Missouri changed its fair value estimate primarily due to a reduction in the cost estimate for closure of certain CCR storage facilities.
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 years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
 
Ameren Missouri
$
164

 
$
153

 
$
151

 
Ameren Illinois
118

 
112

(a) 
108

(a) 
Ameren
$
282

 
$
265

 
$
259

 

(a)
Amounts have been adjusted from those previously reported to reflect additional excise taxes for the years ended December 31, 2017 and 2016.
v3.10.0.1
Rate And Regulatory Matters (Tables)
12 Months Ended
Dec. 31, 2018
Public Utilities, General Disclosures [Abstract]  
Schedule Of Regulatory Assets And Liabilities
The following table presents our regulatory assets and regulatory liabilities at December 31, 2018 and 2017:
 
 
2018
 
2017
 
 
Ameren
Missouri
 
Ameren
Illinois
 
Ameren
 
 
Ameren
Missouri
 
Ameren
Illinois
 
Ameren
Regulatory assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Under-recovered FAC(a)
 
$
3

 
$

 
$
3

 
 
$
47

 
$

 
$
47

Under-recovered PGA(b)
 

 
7

 
7

 
 
1

 
13

 
14

MTM derivative losses(c)
 
19


197

 
216

 
 
12

 
217

 
229

IEIMA revenue requirement reconciliation adjustment(d)(e)
 

 
70

 
70

 
 

 
78

 
78

FERC revenue requirement reconciliation adjustment(f)
 

 
16

 
30

 
 

 
25

 
37

Under-recovered VBA rider(g)
 

 

 

 
 

 
15

 
15

Pension and postretirement benefit costs(h)
 
103

 
149

 
252

 
 
84

 
215

 
299

Income taxes(i)
 
119

 
68

 
185

 
 
139

 
56

 
197

Callaway costs(e)(j)
 
22

 

 
22

 
 
25

 

 
25

Unamortized loss on reacquired debt(k)
 
58

 
40

 
98

 
 
61

 
49

 
110

Environmental cost riders(l)
 

 
148

 
148

 
 

 
173

 
173

Storm costs(e)(m)
 

 
13

 
13

 
 

 
10

 
10

Demand-side costs before the MEEIA implementation(e)(n)
 
5

 

 
5

 
 
11

 

 
11

Workers’ compensation claims(o)
 
4

 
7

 
11

 
 
5

 
7

 
12

Construction accounting for pollution control equipment(e)(p)
 
16

 

 
16

 
 
18

 

 
18

Solar rebate program(e)(q)
 
14

 

 
14

 
 
31

 

 
31

FEJA energy-efficiency riders(e)(r)
 

 
136

 
136

 
 

 
41

 
41

Other
 
17

 
18

 
35

 
 
17

 
10

 
27

Total regulatory assets
 
$
380

 
$
869

 
$
1,261

 
 
$
451

 
$
909

 
$
1,374

Less: current regulatory assets
 
(14
)
 
(110
)
 
(134
)
 
 
(56
)
 
(87
)
 
(144
)
Noncurrent regulatory assets
 
$
366

 
$
759

 
$
1,127

 
 
$
395

 
$
822

 
$
1,230

Regulatory liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Over-recovered FAC(a)
 
$
34

 
$

 
$
34

 
 
$
4

 
$

 
$
4

Over-recovered Illinois electric power costs(b)
 

 
12

 
12

 
 

 
16

 
16

Over-recovered PGA(b)
 
7

 
3

 
10

 
 

 
1

 
1

Over-recovered VBA rider(g)
 

 
8

 
8

 
 

 

 

MTM derivative gains(c)
 
5

 
3

 
8


 
16

 

 
16

FERC revenue requirement reconciliation adjustment(f)
 

 
17

 
19

 
 

 

 

Energy-efficiency riders(s)
 
19

 
3

 
22

 
 
2

 
40

 
42

Estimated refund for FERC complaint case(t)
 

 
26

 
44

 
 

 
25

 
42

Income taxes(i)
 
1,484

 
843

 
2,413

 
 
1,392

 
842

 
2,323

Asset removal costs(u)
 
1,027

 
774

 
1,811

 
 
995

 
725

 
1,725

AROs(v)
 
175

 

 
175

 
 
223

 

 
223

Pension and postretirement benefit costs tracker(w)
 
43

 

 
43

 
 
35

 

 
35

Renewable energy credits and zero emission credits(x)
 

 
102

 
102

 
 

 
58

 
58

Excess income taxes collected in 2018(y)
 
60

 

 
60

 
 

 

 

Other
 
13

 
12

 
25

 
 
16

 
14

 
30

Total regulatory liabilities
 
$
2,867

 
$
1,803

 
$
4,786

 
 
$
2,683

 
$
1,721

 
$
4,515

Less: current regulatory liabilities
 
(68
)
 
(62
)
 
(149
)
 
 
(19
)
 
(92
)
 
$
(128
)
Noncurrent regulatory liabilities
 
$
2,799

 
$
1,741

 
$
4,637

 
 
$
2,664

 
$
1,629

 
$
4,387


(a)
Under-recovered or over-recovered fuel costs to be recovered or refunded through the FAC. Specific accumulation periods aggregate the under-recovered or over-recovered costs over four months, any related adjustments that occur over the following four months, and the recovery from, or refund to, customers that occurs over the next eight months.
(b)
Under-recovered or over-recovered costs from utility customers. Amounts will be recovered from, or refunded to, customers within one year of the deferral.
(c)
Deferral of commodity-related derivative MTM losses or gains. See Note 7 – Derivative Financial Instruments for additional information.
(d)
The difference between Ameren Illinois’ electric distribution service annual revenue requirement calculated under the performance-based formula ratemaking framework and the revenue requirement included in customer rates for that year. Any under-recovery or over-recovery will be recovered from, or refunded to, customers with interest within two years.
(e)
These assets earn a return.
(f)
Ameren Illinois’ and ATXI’s annual revenue requirement reconciliation calculated pursuant to the FERC’s electric transmission formula ratemaking framework. Any under-recovery or over-recovery will be recovered from, or refunded to, customers within two years.
(g)
Under-recovered or over-recovered natural gas revenue caused by sales volume deviations from weather normalized sales approved by the ICC in rate regulatory reviews. Each year’s amount will be recovered from, or refunded to, customers from April through December of the following year.
(h)
These costs are being amortized in proportion to the recognition of prior service costs (credits) and actuarial losses (gains) attributable to Ameren’s pension plan and postretirement benefit plans. See Note 10 – Retirement Benefits for additional information.
(i)
The regulatory assets represent deferred income taxes that will be recovered from customers related to the equity component of allowance for funds used during construction and the effects of tax rate changes from the TCJA and the increased income tax rate in Illinois. The regulatory liabilities represent deferred income taxes that will be refunded to customers related to depreciation differences, other tax liabilities, and the unamortized portion of investment tax credits recorded at rates in excess of current statutory rates. Amounts associated with the equity component of allowance for funds used during construction, and the unamortized portion of investment tax credits will be amortized over the expected life of the related assets. The amortization periods for depreciation differences are determined in rate orders by the applicable regulators and range from 7 to 60 years. See Note 12 – Income Taxes for amounts related to the revaluation of deferred income taxes under the TCJA.
(j)
Ameren Missouri’s Callaway energy center operations and maintenance expenses, property taxes, and carrying costs incurred between the plant in-service date and the date the plant was reflected in rates. These costs are being amortized over the original remaining life of the energy center.
(k)
Losses related to reacquired debt. These amounts are being amortized over the lives of the related new debt issuances or the original lives of the old debt issuances if no new debt was issued.
(l)
The recoverable portion of accrued environmental site liabilities that will be collected from electric and natural gas customers through ICC-approved cost recovery riders. The period of recovery will depend on the timing of remediation expenditures. See Note 14 – Commitments and Contingencies for additional information.
(m)
Storm costs from 2015, 2016, and 2018 deferred in accordance with the IEIMA. These costs are being amortized over five-year periods beginning in the year the storm occurred.
(n)
Demand-side costs incurred prior to implementation of the MEEIA in 2013, including the costs of developing, implementing, and evaluating customer energy-efficiency and demand response programs. The MoPSC’s March 2017 electric rate order modified certain amortization periods for these costs. Costs incurred from May 2008 through September 2008, and from January 2010 through July 2012, are being amortized over a two-year period that began in April 2017. Costs incurred from October 2008 through December 2009 are no longer being amortized as of April 2017, and a new amortization period for these costs will be determined in a future regulatory rate review. Costs incurred from August 2012 through December 2012 are being amortized over a six-year period that began in June 2015.
(o)
The period of recovery will depend on the timing of actual expenditures.
(p)
The MoPSC’s May 2010 electric rate order allowed Ameren Missouri to record an allowance for funds used during construction for pollution control equipment at its Sioux energy center until the cost of that equipment was included in customer rates beginning in 2011. These costs are being amortized over the expected life of the Sioux energy center, currently through 2033.
(q)
Costs associated with Ameren Missouri’s solar rebate program to fulfill its renewable energy requirements. Costs incurred from 2010 to 2014 are being amortized over a two-year period that began in April 2017 as modified per the MoPSC’s March 2017 electric rate order. Costs incurred from 2015 to 2016 are being amortized over a three-year period that began in April 2017.
(r)
Electric energy-efficiency program investment deferrals which earn a return at Ameren Illinois’ weighted-average cost of capital with the equity return based on the annual average of the monthly yields of the 30-year United States Treasury bonds plus 580 basis points. The investments are being amortized over their weighted-average useful lives beginning in the period in which they were made, with current remaining amortization periods ranging from 8 to 12 years.
(s)
The Ameren Missouri balance relates to the MEEIA. The MEEIA rider allows Ameren Missouri to collect from, or refund to, customers any annual difference in the actual amounts incurred and the amounts collected from customers for the MEEIA program costs, lost electric margins, and the performance incentive. Under the MEEIA rider, collections from or refunds to customers occur one year after the program costs, and lost electric margins are incurred or any performance incentive are earned. The Ameren Illinois balance relates to a regulatory tracking mechanism to recover its electric pre-FEJA costs and natural gas costs associated with developing, implementing, and evaluating customer energy efficiency and demand response programs. Any under-recovery or over-recovery will be collected from, or refunded to, customers over the year following the plan year.
(t)
Estimated refunds to transmission customers related to the February 2015 FERC complaint case discussed above.
(u)
Estimated funds collected for the eventual dismantling and removal of plant retired from service, net of salvage value.
(v)
Recoverable or refundable removal costs for AROs, including net realized and unrealized gains and losses related to the nuclear decommissioning trust fund investments. See Note 1 – Summary of Significant Accounting Policies – Asset Retirement Obligations.
(w)
A regulatory tracking mechanism for the difference between the level of pension and postretirement benefit costs incurred by Ameren Missouri and the level of such costs included in customer rates. For costs incurred prior to August 2012, the amounts are being amortized over a two-year period that began in April 2017 as modified per the MoPSC’s March 2017 electric rate order. For costs incurred between August 2012 and December 2014, the MoPSC’s May 2015 electric rate order directed the amortization period to occur over a five-year period that began in June 2015. For costs incurred between January 2015 and December 2016, the MoPSC’s March 2017 electric rate order directed the amortization period to occur over a five-year period that began in April 2017. For costs incurred after December 2016, the amortization period will be determined in a future electric regulatory rate review.
(x)
Funds collected for the purchase of renewable energy credits and zero emission credits through IPA procurements. The balance will be amortized as the credits are purchased.
(y)
The excess amount collected in rates related to the TCJA from January 1, 2018, through July 31, 2018. The regulatory liability will be reflected in customer rates over a period of time to be determined by the MoPSC in the next regulatory rate review.
v3.10.0.1
Property And Plant, Net (Tables)
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Schedule Of Property And Plant, Net
The following table presents property, plant, and equipment, net, for each of the Ameren Companies at December 31, 2018 and 2017:
 
 
Ameren
Missouri(a)
 
Ameren
Illinois
 
Other
 
Ameren(a)
2018
 
 
 
 
 
 
 
 
Property, plant, and equipment at original cost:(b)
 
 
 
 
 
 
 
 
Electric generation
 
$
11,432

 
$

 
$

 
$
11,432

Electric distribution
 
5,989

 
5,970

 

 
11,959

Electric transmission
 
1,277

 
2,647

 
1,385

 
5,309

Natural gas
 
500

 
2,701

 

 
3,201

Other(c)
 
1,008

 
863

 
230

 
2,101

 
 
20,206

 
12,181

 
1,615

 
34,002

Less: Accumulated depreciation and amortization
 
8,726

 
3,294

 
253

 
12,273

 
 
11,480

 
8,887

 
1,362

 
21,729

Construction work in progress:
 
 
 
 
 
 
 
 
Nuclear fuel in process
 
217

 

 

 
217

Other
 
406

 
311

 
147

 
864

Property, plant, and equipment, net
 
$
12,103

 
$
9,198

 
$
1,509

 
$
22,810

2017
 
 
 
 
 
 
 
 
Property, plant, and equipment at original cost:(b)
 
 
 
 
 
 
 
 
Electric generation
 
$
11,132

 
$

 
$

 
$
11,132

Electric distribution
 
5,766

 
5,649

 

 
11,415

Electric transmission
 
1,201

 
2,298

 
1,167

 
4,666

Natural gas
 
474

 
2,419

 

 
2,893

Other(c)
 
922

 
757

 
242

 
1,921

 
 
19,495

 
11,123

 
1,409

 
32,027

Less: Accumulated depreciation and amortization
 
8,305

 
3,082

 
246

 
11,633

 
 
11,190

 
8,041

 
1,163

 
20,394

Construction work in progress:
 
 
 
 
 
 
 
 
Nuclear fuel in process
 
148

 

 

 
148

Other
 
413

 
252

 
259

 
924

Property, plant, and equipment, net
 
$
11,751

 
$
8,293

 
$
1,422

 
$
21,466


(a)
Amounts in Ameren and Ameren Missouri include two CTs under separate agreements. The gross cumulative asset value of those agreements was $235 million and $233 million at December 31, 2018 and 2017, respectively. The total accumulated depreciation associated with the two CTs was $89 million and $83 million at December 31, 2018 and 2017, respectively. See Note 5 – Long-term Debt and Equity Financings for additional information on these agreements.
(b)
The estimated lives for each asset group are as follows: 5 to 72 years for electric generation, excluding Ameren Missouri’s hydro generating assets which have useful lives of up to 150 years, 20 to 80 years for electric distribution, 50 to 75 years for electric transmission, 20 to 80 years for natural gas, and 5 to 55 years for other.
(c)
Other property, plant, and equipment includes assets used to support electric and natural gas services.
Accrued Capital Expenditures
The following table provides accrued capital and nuclear fuel expenditures at December 31, 2018, 2017, and 2016, which represent noncash investing activity excluded from the accompanying statements of cash flows:
 
Ameren
 
Ameren
Missouri
 
Ameren
Illinois
Accrued capital expenditures:
 
 
 
 
 
2018
$
272

 
$
121

 
$
138

2017
361

 
159

 
175

2016
251

 
116

 
87

Accrued nuclear fuel expenditures:
 
 
 
 
 
2018
$
20

 
$
20

 
$

2017
10

 
10

 

2016
20

 
20

 

Schedule of Capitalized Software [Table Text Block]
Capitalized software costs are classified within “Property, Plant, and Equipment, Net” on the balance sheet and are amortized on a straight-line basis over the expected period of benefit, ranging from 5 to 10 years. The following table presents the amortization expense of capitalized software, the gross carrying value of capitalized software, and the related accumulated amortization by year:
 
 
Amortization Expense(a)
 
Gross Carrying Value
 
Accumulated Amortization
 
 
2018
2017
2016
 
2018
2017
 
2018
2017
Ameren
 
$
71

$
58

$
52

 
$
734

$
655

 
$
(514
)
$
(466
)
Ameren Missouri
 
24

20

17

 
223

191

 
(125
)
(107
)
Ameren Illinois
 
44

36

33

 
297

241

 
(183
)
(146
)
(a)
As of December 31, 2018, the estimated amortization expense of capitalized software for each of the five succeeding years is not expected to differ materially from the current year expense.
v3.10.0.1
Short-Term Debt And Liquidity (Tables)
12 Months Ended
Dec. 31, 2018
Short-term Debt [Line Items]  
Schedule Of Maximum Aggregate Amount Available On Credit Agreements
The following table presents the maximum aggregate amount available to each borrower under each facility:
 
 
Missouri
Credit Agreement
Illinois
Credit Agreement
Ameren (parent)
 
$
700

$
500

Ameren Missouri
 
800

(a)

Ameren Illinois
 
(a)

800

(a)
Not applicable.
Schedule of 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 years ended December 31, 2018 and 2017:
 
 
Ameren (parent)
Ameren Missouri
Ameren Illinois
Ameren Consolidated
2018
 
 
 
 
 
 
Average daily commercial paper outstanding
 
$
410

 
$
61

$
108

$
579

Outstanding borrowings at period-end
 
470

 
55

72

597

Weighted-average interest rate
 
2.31
%
 
1.94
%
2.26
%
2.26
%
Peak outstanding commercial paper during period(a)
 
$
543

 
$
481

$
442

$
1,295

Peak interest rate
 
3.10
%
 
2.80
%
2.85
%
3.10
%
2017
 
 
 
 
 
 
Average daily commercial paper outstanding
 
$
573

 
$
5

$
90

$
668

Outstanding borrowings at period-end
 
383

 
39

62

484

Weighted-average interest rate
 
1.30
%
 
1.24
%
1.35
%
1.31
%
Peak outstanding commercial paper during period(a)
 
$
841

 
$
64

$
469

$
948

Peak interest rate
 
1.90
%
 
1.78
%
2.00
%
2.00
%
(a)
The timing of peak outstanding commercial paper issuances varies by company. Therefore, the sum of the peak amounts presented by the companies may not equal the Ameren consolidated peak amount for the period.
v3.10.0.1
Long-Term Debt And Equity Financings (Tables)
12 Months Ended
Dec. 31, 2018
Debt Instrument [Line Items]  
Schedule of Long-term Debt Instruments
The following table presents long-term debt outstanding, including maturities due within one year, for the Ameren Companies as of December 31, 2018 and 2017:
 
2018
 
2017
Ameren (Parent):
 
 
 
2.70% Senior unsecured notes due 2020
$
350

 
$
350

3.65% Senior unsecured notes due 2026
350

 
350

Total long-term debt, gross
700

 
700

Less: Unamortized debt issuance costs
(3
)
 
(4
)
Long-term debt, net
$
697

 
$
696

Ameren Missouri:
 
 
 
Bonds and notes:
 
 
 
6.00% Senior secured notes due 2018(a)

 
179

5.10% Senior secured notes due 2018(a)

 
199

6.70% Senior secured notes due 2019(a)(b)
329

 
329

5.10% Senior secured notes due 2019(a)
244

 
244

5.00% Senior secured notes due 2020(a)
85

 
85

1992 Series bonds due 2022(c)(d)
47

 
47

3.50% Senior secured notes due 2024(a)
350

 
350

2.95% Senior secured notes due 2027(a)
400

 
400

5.45% First mortgage bonds due 2028(e)
(e)

 
(e)

1998 Series A bonds due 2033(c)(d)
60

 
60

1998 Series B bonds due 2033(c)(d)
50

 
50

1998 Series C bonds due 2033(c)(d)
50

 
50

5.50% Senior secured notes due 2034(a)
184

 
184

5.30% Senior secured notes due 2037(a)
300

 
300

8.45% Senior secured notes due 2039(a)(b)
350

 
350

3.90% Senior secured notes due 2042(a)(b)
485

 
485

3.65% Senior secured notes due 2045(a)
400

 
400

4.00% First mortgage bonds due 2048(f)
425

 

Finance obligations:
 
 
 
City of Bowling Green agreement (Peno Creek CT) due 2022(g)
30

 
36

Audrain County agreement (Audrain County CT) due 2023(g)
240

 
240

Total long-term debt, gross
4,029

 
3,988

Less: Unamortized discount and premium
(9
)
 
(7
)
Less: Unamortized debt issuance costs
(22
)
 
(20
)
Less: Maturities due within one year
(580
)
 
(384
)
Long-term debt, net
$
3,418

 
$
3,577

 
2018
 
2017
Ameren Illinois:
 
 
 
Bonds and notes:
 
 
 
6.25% Senior secured notes due 2018(h)

 
144

9.75% Senior secured notes due 2018(h)

 
313

2.70% Senior secured notes due 2022(h)(i)
400

 
400

5.90% First mortgage bonds due 2023(j)
(j)

 
(j)

5.70% First mortgage bonds due 2024(k)
(k)

 
(k)

3.25% Senior secured notes due 2025(h)
300

 
300

6.125% Senior secured notes due 2028(h)
60

 
60

1993 Series B-1 Senior unsecured notes due 2028(d)
17

 
17

3.80% First mortgage bonds due 2028(l)
430

 

6.70% Senior secured notes due 2036(h)
61

 
61

6.70% Senior secured notes due 2036(m)
42

 
42

4.80% Senior secured notes due 2043(h)
280

 
280

4.30% Senior secured notes due 2044(h)
250

 
250

4.15% Senior secured notes due 2046(h)
490

 
490

3.70% First mortgage bonds due 2047(l)
500

 
500

4.50% First mortgage bonds due 2049(l)
500

 

Total long-term debt, gross
3,330

 
2,857

Less: Unamortized discount and premium
(3
)
 
(3
)
Less: Unamortized debt issuance costs
(31
)
 
(24
)
Less: Maturities due within one year

 
(457
)
Long-term debt, net
$
3,296

 
$
2,373

ATXI:
 
 
 
3.43% Senior notes due 2050(n)
$
450

 
$
450

Total long-term debt, gross
450

 
450

Less: Unamortized debt issuance costs
(2
)
 
(2
)
Long-term debt, net
$
448

 
$
448

Ameren consolidated long-term debt, net
$
7,859

 
$
7,094


(a)
These notes are collaterally secured by first mortgage bonds issued by Ameren Missouri under the Ameren Missouri mortgage indenture. The notes have a fall-away lien provision and will remain secured only as long as any first mortgage bonds issued under the Ameren Missouri mortgage indenture remain outstanding. Redemption, purchase, or maturity of all first mortgage bonds, including first mortgage bonds currently outstanding and any that may be issued in the future, would result in a release of the first mortgage bonds currently securing these notes, at which time these notes would become unsecured obligations. Considering the 2048 maturity of the 4.00% first mortgage bonds and the restrictions preventing a release date to occur that are attached to certain senior secured notes described in footnote (b) below, Ameren Missouri does not expect the first mortgage lien protection associated with these notes to fall away.
(b)
Ameren Missouri has agreed that so long as any of the 3.90% senior secured notes due 2042 are outstanding, Ameren Missouri will not permit a release date to occur, and so long as any of the 6.70% senior secured notes due 2019 and 8.45% senior secured notes due 2039 are outstanding, Ameren Missouri will not optionally redeem, purchase, or otherwise retire in full the outstanding first mortgage bonds not subject to release provisions.
(c)
These bonds are collaterally secured by first mortgage bonds issued by Ameren Missouri under the Ameren Missouri mortgage indenture and have a fall-away lien provision similar to that of Ameren Missouri’s senior secured notes. The bonds are also backed by an insurance guarantee policy.
(d)
The interest rates and the periods during which such rates apply vary depending on our selection of defined rate modes. Maximum interest rates could reach 18%, depending on the series of bonds. The average interest rates for 2018 and 2017 were as follows:
    
 
2018
 
2017
Ameren Missouri 1992 Series due 2022
2.37%
 
1.43%
Ameren Missouri 1998 Series A due 2033
2.76%
 
1.77%
Ameren Missouri 1998 Series B due 2033
2.79%
 
1.75%
Ameren Missouri 1998 Series C due 2033
2.83%
 
1.73%
Ameren Illinois 1993 Series B-1 due 2028
1.58%
 
1.08%

(e)
These bonds are first mortgage bonds issued by Ameren Missouri under the Ameren Missouri mortgage bond indenture. They are secured by substantially all Ameren Missouri property and franchises. Less than $1 million principal amount of the bonds remain outstanding.
(f)
These bonds are first mortgage bonds issued by Ameren Missouri under the Ameren Missouri bond indenture. They are secured by substantially all Ameren Missouri property and franchises.
(g)
Payments due related to these financing obligations are paid to a trustee, which is authorized to utilize the cash only to pay equal amounts due to Ameren Missouri under related bonds issued by the city/county and held by Ameren Missouri. The timing and amounts of payments due from Ameren Missouri under the agreements are equal to the timing and amount of bond service payments due to Ameren Missouri, resulting in no net cash flow. The balance of both the financing obligations and the related investments in debt securities, recorded in "Other Assets," was $270 million and $276 million, respectively, as of December 31, 2018 and 2017.
(h)
These notes are collaterally secured by first mortgage bonds issued by Ameren Illinois under its 1992 mortgage indenture. They are secured by substantially all property of the former IP and CIPS. The notes have a fall-away lien provision and will remain secured only as long as any series of first mortgage bonds issued under its 1992 mortgage indenture remain outstanding. Redemption, purchase, or maturity of all first mortgage bonds, including first mortgage bonds currently outstanding and any that may be issued in the future, would result in a release of the first mortgage bonds currently securing these notes, at which time these notes would become unsecured obligations. Considering the 2049 maturity date of the 4.50% first mortgage bonds, Ameren Illinois does not expect the first mortgage lien protection associated with these notes to fall away.
(i)
Ameren Illinois has agreed that so long as any of the 2.70% senior secured notes due 2022 are outstanding, Ameren Illinois will not permit a release date to occur.
(j)
These bonds are first mortgage bonds issued by Ameren Illinois under its 1933 mortgage indenture. They are secured by substantially all property of the former CILCO. The bonds are callable at 100% of par value. Less than $1 million principal amount of the bonds remain outstanding.
(k)
These bonds are first mortgage bonds issued by Ameren Illinois under its 1992 mortgage indenture. They are secured by substantially all property of the former IP and CIPS. The bonds are also backed by an insurance guarantee policy. Less than $1 million principal amount of the bonds remains outstanding.
(l)
These bonds are first mortgage bonds issued by Ameren Illinois under its 1992 mortgage indenture. They are secured by substantially all property of the former IP and CIPS.
(m)
These notes are collaterally secured by first mortgage bonds issued by Ameren Illinois under its 1933 mortgage indenture. They are secured by substantially all property of the former CILCO. The notes have a fall-away lien provision, and Ameren Illinois could cause these notes to become unsecured at any time by redeeming the 5.90% first mortgage bonds due 2023 (of which less than $1 million principal amount remains outstanding).
Schedule Of Maturities Of Long-Term Debt
The following table presents the principal maturities schedule for the 3.43% senior notes due 2050:
Payment Date
 
Principal Payment
August 2022
$
49.5
August 2024
 
49.5
August 2027
 
49.5
August 2030
 
49.5
August 2032
 
49.5
August 2038
 
49.5
August 2043
 
76.5
August 2050
 
76.5
Total
$
450.0
The following table presents the aggregate maturities of long-term debt, including current maturities, for the Ameren Companies at December 31, 2018:
 
Ameren
(parent)(a)
 
 Ameren
Missouri(a)
 
 Ameren
Illinois(a)
 
 ATXI(a)
 
Ameren
Consolidated
2019
$

 
$
580

 
$

 
$

 
$
580

2020
350

 
92

 

 

 
442

2021

 
8

 

 

 
8

2022

 
55

 
400

 
50

 
505

2023

 
240

 

 

 
240

Thereafter
350

 
3,054

 
2,930

 
400

 
6,734

Total
$
700

 
$
4,029

 
$
3,330

 
$
450

 
$
8,509

(a)
Excludes unamortized discount, unamortized premium, and debt issuance costs of $3 million, $31 million, $34 million and $2 million at Ameren (parent), Ameren Missouri, Ameren Illinois and ATXI, respectively.
Schedule Of Outstanding Preferred Stock
The following table presents the outstanding preferred stock of Ameren Missouri and Ameren Illinois, which is redeemable, at the option of the issuer, at the prices shown below as of December 31, 2018 and 2017:
 
 
 
Redemption Price (per share)
 
2018
 
2017
Ameren Missouri:
 
 
 
 
 
 
 
Without par value and stated value of $100 per share, 25 million shares authorized
 
 
 
 
 
 
$3.50 Series
130,000 shares
 
$
110.00

 
$
13

 
$
13

$3.70 Series
40,000 shares
 
104.75

 
4

 
4

$4.00 Series
150,000 shares
 
105.625

 
15

 
15

$4.30 Series
40,000 shares
 
105.00

 
4

 
4

$4.50 Series
213,595 shares
 
110.00

(a) 
21

 
21

$4.56 Series
200,000 shares
 
102.47

 
20

 
20

$4.75 Series
20,000 shares
 
102.176

 
2

 
2

$5.50 Series A
14,000 shares
 
110.00

 
1

 
1

Total
 
 
 
$
80

 
$
80

Ameren Illinois:
 
 
 
 
 
 
 
With par value of $100 per share, 2 million shares authorized
 
 
 
 
 
 
4.00% Series
144,275 shares
 
$
101.00

 
$
14

 
$
14

4.08% Series
45,224 shares
 
103.00

 
5

 
5

4.20% Series
23,655 shares
 
104.00

 
2

 
2

4.25% Series
50,000 shares
 
102.00

 
5

 
5

4.26% Series
16,621 shares
 
103.00

 
2

 
2

4.42% Series
16,190 shares
 
103.00

 
2

 
2

4.70% Series
18,429 shares
 
103.00

 
2

 
2

4.90% Series
73,825 shares
 
102.00

 
7

 
7

4.92% Series
49,289 shares
 
103.50

 
5

 
5

5.16% Series
50,000 shares
 
102.00

 
5

 
5

6.625% Series
124,274 shares
 
100.00

 
12

 
12

7.75% Series
4,542 shares
 
100.00

 
1

 
1

Total
 
 
 
$
62

 
$
62

Total Ameren
 
 
 
$
142

 
$
142

(a)
In the event of voluntary liquidation, $105.50.
Schedule of Required and Actual Debt Ratios
The following table summarizes the required and actual interest coverage ratios for interest charges, dividend coverage ratios, and bonds and preferred stock issuable as of December 31, 2018, at an assumed interest rate of 5% and dividend rate of 6%.
 
Required Interest
Coverage Ratio(a)
Actual Interest
Coverage Ratio
Bonds Issuable(b)
 
Required Dividend
Coverage Ratio(c)
Actual Dividend
Coverage Ratio
Preferred Stock
Issuable
 
Ameren Missouri
>2.0
5.5

$
4,688

 
>2.5
140.8

$
3,153

 
Ameren Illinois
>2.0
6.9

4,234

(d) 
>1.5
3.2

203

(e) 
(a)
Coverage required on the annual interest charges on first mortgage bonds outstanding and to be issued. Coverage is not required in certain cases when additional first mortgage bonds are issued on the basis of retired bonds.
(b)
Amount of bonds issuable based either on required coverage ratios or unfunded property additions, whichever is more restrictive. The amounts shown also include bonds issuable based on retired bond capacity of $2,006 million and $985 million at Ameren Missouri and Ameren Illinois, respectively.
(c)
Coverage required on the annual dividend on preferred stock outstanding and to be issued, as required in the respective company’s articles of incorporation.
(d)
Amount of bonds issuable by Ameren Illinois based on unfunded property additions and retired bonds solely under its 1992 mortgage indenture.
(e)
Preferred stock issuable is restricted by the amount of preferred stock that is currently authorized by Ameren Illinois’ articles of incorporation.
v3.10.0.1
Other Income, Net (Tables)
12 Months Ended
Dec. 31, 2018
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 years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren:
 
 
 
 
 
Other Income, Net
 
 
 
 
 
Allowance for equity funds used during construction
$
36

 
$
24

 
$
27

Interest income on industrial development revenue bonds
26

 
26

 
27

Other interest income
7

  
8

  
13

Non-service cost components of net periodic benefit income
70

(a) 
44

 
56

Other income
8

 
5

 
10

Donations
(33
)
 
(8
)
 
(16
)
Other expense
(12
)
 
(13
)
 
(16
)
Total Other Income, Net
$
102

 
$
86

 
$
101

Ameren Missouri:
 
 
 
 
 
Other Income, Net
 
 
 
 
 
Allowance for equity funds used during construction
$
27

 
$
21

 
$
23

Interest income on industrial development revenue bonds
26

 
26

 
27

Other interest income
2

 
1

 
1

Non-service cost components of net periodic benefit income
17

(a) 
22

 
18

Other income
4

 
3

 
3

Donations
(14
)
 
(2
)
 
(4
)
Other expense
(6
)
 
(6
)
 
(6
)
Total Other Income, Net
$
56

 
$
65

 
$
62

Ameren Illinois:
 
 
 
 
 
Other Income, Net
 
 
 
 
 
Allowance for equity funds used during construction
$
9

 
$
3

 
$
4

Interest income
6

 
7

 
12

Non-service cost components of net periodic benefit income
34

 
10

 
24

Other income
3

 
2

 
6

Donations
(6
)
 
(5
)
 
(6
)
Other expense
(4
)
 
(5
)
 
(6
)
Total Other Income, Net
$
42

 
$
12

 
$
34

.
(a)
For the year ended December 31, 2018, the non-service cost components of net periodic benefit income were partially offset by a $17 million deferral 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.
The following table presents the components of “Other Income (Expense), Net” in the Condensed Statement of Income and Comprehensive Income for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Other Income (Expense), Net
 
 
 
 
 
Non-service cost components of net periodic benefit income
$
2

 
$
2

 
$
5

Donations
(13
)
 

 
(5
)
Other expense, net
(1
)
 

 

Total Other Income (Expense), Net
$
(12
)
 
$
2

 
$

v3.10.0.1
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2018
Derivative Instrument Detail [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 December 31, 2018 and 2017. As of December 31, 2018, these contracts extended through October 2021, March 2023, and May 2032 for fuel oils, natural gas, and power, respectively.
 
Quantity (in millions)
 
2018
2017
Commodity
Ameren Missouri
Ameren Illinois
Ameren
Ameren Missouri
Ameren Illinois
Ameren
Fuel oils (in gallons)(a)
66


66

28


28

Natural gas (in mmbtu)
19

154

173

24

139

163

Power (in megawatthours)
1

8

9

3

9

12


(a)
Consists of ultra-low-sulfur diesel products.
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 December 31, 2018 and 2017:
 
2018
 
 
2017
Commodity
Balance Sheet Location
 
Ameren
Missouri
 
 
Ameren
Illinois
 
 
Ameren
 
 
 
Ameren
Missouri
 
 
Ameren
Illinois
 
 
Ameren
Fuel oils
Other current assets
$
3

 
$

 
$
3

 
 
$
5

 
$

 
$
5

 
Other assets
 
5

 
 

 
 
5

 
 
 
2

 
 

 
 
2

Natural gas
Other current assets
 

 
 
1

 
 
1

 
 
 

 
 

 
 

 
Other assets
 

 
 
2

 
 
2

 
 
 
1

 
 

 
 
1

Power
Other current assets
 
4

 
 

 
 
4

 
 
 
9

 
 

 
 
9

 
Total assets
$
12

 
$
3

 
$
15

 
 
$
17

 
$

 
$
17

Fuel oils
Other current liabilities
$
4

 
$

 
$
4

 
 
$

 
$

 
$

 
Other deferred credits and liabilities
 
9

 
 

 
 
9

 
 
 

 
 

 
 

Natural gas
Other current liabilities
 
4

 
 
8

 
 
12

 
 
 
5

 
 
12

 
 
17

 
Other deferred credits and liabilities
 
1

 
 
6

 
 
7

 
 
 
3

 
 
10

 
 
13

Power
Other current liabilities
 
4

 
 
14

 
 
18

 
 
 
1

 
 
13

 
 
14

 
Other deferred credits and liabilities
 

 
 
169

 
 
169

 
 
 

 
 
182

 
 
182

 
Total liabilities
$
22

 
$
197

 
$
219

 
 
$
9

 
$
217

 
$
226


Derivative Instruments With Credit Risk-Related Contingent Features
The following table presents, as of December 31, 2018, the aggregate fair value of all 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. The additional collateral required is the net liability position allowed under the master netting arrangements or similar agreements, assuming (1) the credit risk-related contingent features underlying these arrangements were triggered on December 31, 2018, and (2) those counterparties with rights to do so requested collateral.
 
Aggregate Fair Value of
Derivative Liabilities(a)
 
Cash
Collateral Posted
 
Potential Aggregate Amount of
Additional Collateral Required(b)
Ameren Missouri
$
76

 
$
4

 
$
64

Ameren Illinois
37

 

 
30

Ameren
$
113

 
$
4

 
$
94

(a)
Before consideration of master netting arrangements or similar agreements and including NPNS and other accrual contract exposures.
(b)
As collateral requirements with certain counterparties are based on master netting arrangements or similar agreements, the aggregate amount of additional collateral required to be posted is determined after consideration of the effects of such arrangements.
v3.10.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
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 December 31, 2018 and 2017:
 
 
December 31, 2018
 
 
December 31, 2017
 
 
Level 1
Level 2
Level 3
Total
 
 
Level 1
Level 2
Level 3
Total
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
Ameren
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Fuel oils
$
1

$

$
7

$
8

 
 
$
4

$

$
3

$
7

 
 
Natural gas

2

1

3

 
 


1

1

 
 
Power

1

3

4

 
 

1

8

9

 
 
Total derivative assets – commodity contracts
$
1

$
3

$
11

$
15

 
 
$
4

$
1

$
12

$
17

 
 
Nuclear decommissioning trust fund:
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. large capitalization
$
427

$

$

$
427

 
 
$
468

$

$

$
468

 
 
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency securities

148


148

 
 

125


125

 
 
Corporate bonds

72


72

 
 

82


82

 
 
Other

32


32

 
 

25


25

 
 
Total nuclear decommissioning trust fund
$
427

$
252

$

$
679

(b) 
 
$
468

$
232

$

$
700

(b) 
 
Total Ameren
$
428

$
255

$
11

$
694

 
 
$
472

$
233

$
12

$
717

 
Ameren Missouri
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Fuel oils
$
1

$

$
7

$
8

 
 
$
4

$

$
3

$
7

 
 
Natural gas




 
 


1

1

 
 
Power

1

3

4

 
 

1

8

9

 
 
Total derivative assets – commodity contracts
$
1

$
1

$
10

$
12

 
 
$
4

$
1

$
12

$
17

 
 
Nuclear decommissioning trust fund:
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. large capitalization
$
427

$

$

$
427

 
 
$
468

$

$

$
468

 
 
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency securities

148


148

 
 

125


125

 
 
Corporate bonds

72


72

 
 

82


82

 
 
Other

32


32

 
 

25


25

 
 
Total nuclear decommissioning trust fund
$
427

$
252

$

$
679

(b) 
 
$
468

$
232

$

$
700

(b) 
 
Total Ameren Missouri
$
428

$
253

$
10

$
691

 
 
$
472

$
233

$
12

$
717

 
Ameren Illinois
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Natural gas
$

$
2

$
1

$
3

 
 
$

$

$

$

 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Ameren
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Fuel oils
$
2

$

$
11

$
13

 
 
$

$

$

$

 
 
Natural gas

15

4

19

 
 
1

25

4

30

 
 
Power

1

186

187

 
 


196

196

 
 
Total Ameren
$
2

$
16

$
201

$
219

 
 
$
1

$
25

$
200

$
226

 
Ameren Missouri
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Fuel oils
$
2

$

$
11

$
13

 
 
$

$

$

$

 
 
Natural gas

5


5

 
 

7

1

8

 
 
Power

1

3

4

 
 


1

1

 
 
Total Ameren Missouri
$
2

$
6

$
14

$
22

 
 
$

$
7

$
2

$
9

 
Ameren Illinois
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities – commodity contracts(a):
 
 
 
 
 
 
 
 
 
 
 
 
Natural gas
$

$
10

$
4

$
14

 
 
$
1

$
18

$
3

$
22

 
 
Power


183

183

 
 


195

195

 
 
Total Ameren Illinois
$

$
10

$
187

$
197

 
 
$
1

$
18

$
198

$
217

 
(a)
The derivative asset and liability balances are presented net of registrant and counterparty credit considerations.
(b)
Balance excludes $5 million and $4 million of cash and cash equivalents, receivables, payables, and accrued income, net for December 31, 2018 and 2017, respectively.
Schedule Of Changes In The Fair Value Of Financial Assets And Liabilities Classified As Level 3 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 years ended December 31, 2018 and 2017:
 
2018
 
 
2017
 
Ameren
Missouri
Ameren
Illinois
Ameren
 
 
Ameren
Missouri
Ameren
Illinois
Ameren
Beginning balance at January 1
$
7

$
(195
)
$
(188
)
 
 
$
7

$
(185
)
$
(178
)
Realized and unrealized gains (losses) included in regulatory assets/liabilities
(6
)

(6
)
 
 
(4
)
(21
)
(25
)
Purchases
5


5

 
 
14


14

Sales



 
 
1


1

Settlements
(5
)
12

7

 
 
(11
)
11


Transfers out of Level 3
(1
)

(1
)
 
 



Ending balance at December 31
$

$
(183
)
$
(183
)
 
 
$
7

$
(195
)
$
(188
)
Change in unrealized gains (losses) related to assets/liabilities held at December 31
$
(1
)
$
(2
)
$
(3
)
 
 
$

$
(22
)
$
(22
)
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
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 carried, at fair value as of December 31, 2018 and 2017:
 
December 31, 2018
 
Carrying
Amount
 
Fair Value
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Ameren:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
107

 
$
107

 
$

 
$

 
$
107

Investments in held-to-maturity debt securities(a)
270

 

 
270

 

 
270

Short-term debt
597

 

 
597

 

 
597

Long-term debt (including current portion)(a)
8,439

(b) 

 
8,240

 
429

(c) 
8,669

Ameren Missouri:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
8

 
$
8

 
$

 
$

 
$
8

Investments in held-to-maturity debt securities(a)
270

 

 
270

 

 
270

Short-term debt
55

 

 
55

 

 
55

Long-term debt (including current portion)(a)
3,998

(b) 

 
4,156

 

 
4,156

Ameren Illinois:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
80

 
$
80

 
$

 
$

 
$
80

Short-term debt
72

 

 
72

 

 
72

Long-term debt (including current portion)
3,296

(b) 

 
3,391

 

 
3,391

 
December 31, 2017
Ameren:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
68

 
$
68

 
$

 
$

 
$
68

Investments in held-to-maturity debt securities(a)
276

 

 
276

 

 
276

Short-term debt
484

 

 
484

 

 
484

Long-term debt (including current portion)(a)
7,935

(b) 

 
8,531

 

 
8,531

Ameren Missouri:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
7

 
$
7

 
$

 
$

 
$
7

Investments in held-to-maturity debt securities(a)
276

 

 
276

 

 
276

Short-term debt
39

 

 
39

 

 
39

Long-term debt (including current portion)(a)
3,961

(b) 

 
4,348

 

 
4,348

Ameren Illinois:
 
 
 
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
$
41

 
$
41

 
$

 
$

 
$
41

Short-term debt
62

 

 
62

 

 
62

Long-term debt (including current portion)
2,830

(b) 

 
3,028

 

 
3,028

(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 December 31, 2018 and 2017, 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 $58 million, $22 million, and $31 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of December 31, 2018. Included unamortized debt issuance costs, which were excluded from the fair value measurement, of $50 million, $20 million, and $24 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of December 31, 2017.
(c)
The Level 3 fair value amount consists of ATXI’s senior unsecured notes. In the first quarter of 2018, the amount was transferred to Level 3 because inputs to the valuation model became unobservable during the period.
Fair Value Inputs, Assets and Liabilities, Quantitative Information
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 December 31, 2018 and 2017:
 
 
Fair Value(a)
 
 
 
 
Weighted
 
Commodity
Assets
Liabilities
 
Valuation Technique(s)
Unobservable Input
Range
Average
2018
Power(b)
$
3

$
(186
)

Discounted cash flow
Average forward peak and off-peak pricing – forwards/swaps($/MWh)(c)
23  39
28
 
 
 
 

 
Nodal basis($/MWh)(c)
(9)  0
(2)
 
 
 
 

Fundamental energy production model
Estimated future natural gas prices($/mmbtu)(c)
3  4
3
 
 
 
 

 
Escalation rate(%)(c)(d)
4  5
4
2017
Power(b)
$
8

$
(196
)

Discounted cash flow
Average forward peak and off-peak pricing – forwards/swaps($/MWh)(c)
24 – 46
28
 
 
 
 

 
Nodal basis($/MWh)(c)
(10) – 0
(2)
 
 
 
 

Fundamental energy production model
Estimated future natural gas prices($/mmbtu)(c)
3 – 4
3
 
 
 
 

 
Escalation rate(%)(c)(d)
5
5
(a)The derivative asset and liability balances are presented net of registrant and counterparty credit considerations.
(b)
Power valuations use visible third-party pricing evaluated by month for peak and off-peak demand through 2022 and 2021 for December 31, 2018 and 2017, respectively. Valuations beyond 2022 and 2021 for December 31, 2018 and 2017, respectively, use fundamentally modeled pricing by month for peak and off-peak demand.
(c)
Generally, significant increases (decreases) in this input in isolation would result in a significantly higher (lower) fair value measurement.
(d)
Escalation rate applies to power prices in 2031 and beyond.
v3.10.0.1
Callaway Energy Center (Tables)
12 Months Ended
Dec. 31, 2018
Nuclear Waste Matters [Abstract]  
Proceeds From Sale Of Investments In Nuclear Decommissioning Trust Fund And Gross Realized Gains And Losses
The following table presents proceeds from the sale and maturities of investments in Ameren Missouri’s nuclear decommissioning trust fund and the gross realized gains and losses resulting from those sales for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Proceeds from sales and maturities
$
299

 
$
305

 
$
304

Gross realized gains
18

 
13

 
7

Gross realized losses
5

 
5

 
4

Fair Value Of Securities In Nuclear Decommissioning Trust Fund
The following table presents the costs and fair values of investments in debt and equity securities in Ameren’s and Ameren Missouri’s nuclear decommissioning trust fund at December 31, 2018 and 2017:
Security Type
Cost
 
Gross Unrealized Gain
 
Gross Unrealized Loss
 
Fair Value
2018
 
 
 
 
 
 
 
Debt securities
$
253

 
$
3

$
4

 
$
252

Equity securities
162

 
277

 
12

 
427

Cash and cash equivalents
3

 

 

 
3

Other(a)
2

 

 

 
2

Total
$
420

 
$
280

$
16

 
$
684

2017
 
 
 
 
 
 
 
Debt securities
$
228

 
$
5

$
1

 
$
232

Equity securities
155

 
318

 
5

 
468

Cash and cash equivalents
2

 

 

 
2

Other(a)
2

 

 

 
2

Total
$
387

 
$
323

$
6

 
$
704


(a)
Represents net receivables and payables relating to pending security sales, interest, and security purchases.
Fair Value Of Securities In Nuclear Decommissioning Trust Fund According To Their Contractual Maturities
The following table presents the costs and fair values of investments in debt securities in Ameren’s and Ameren Missouri’s nuclear decommissioning trust fund according to their contractual maturities at December 31, 2018:
 
Cost
 
Fair Value
Less than 5 years
$
140

 
$
140

5 years to 10 years
48

 
47

Due after 10 years
65

 
65

Total
$
253

 
$
252

Schedule Of Insurance Coverage At Callaway Energy Center
The following table presents insurance coverage at Ameren Missouri’s Callaway energy center at December 31, 2018. The property coverage and the nuclear liability coverage renewal dates are April 1 and January 1, respectively, of each year. Both coverages were renewed in 2018.
Type and Source of Coverage
Maximum Coverages
 
Maximum Assessments
for Single Incidents
 
Public liability and nuclear worker liability:
 
 
 
 
American Nuclear Insurers
$
450

 
$

 
Pool participation
13,623

(a) 
138

(b) 
 
$
14,073

(c) 
$
138

 
Property damage:
 
 
 
 
NEIL and EMANI
$
3,200

(d) 
$
27

(e) 
Replacement power:
 
 
 
 
NEIL
$
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 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.
v3.10.0.1
Retirement Benefits (Tables)
12 Months Ended
Dec. 31, 2018
Summary Of Benefit Liability Recorded
The following table presents the net benefit liability recorded on the balance sheets of each of the Ameren Companies as of December 31, 2018 and 2017:
 
2018

2017

Ameren(a)
$
481

$
551

Ameren Missouri
229

215

Ameren Illinois(a)
120

213


(a)
Assets associated with other postretirement benefits are recorded in “Other assets” on the balance sheet.
Funded Status Of Benefit Plans And Amounts Included In Regulatory Assets And OCI
The following table presents the funded status of Ameren’s pension and postretirement benefit plans as of December 31, 2018 and 2017. It also provides the amounts included in regulatory assets and accumulated OCI at December 31, 2018 and 2017, that have not been recognized in net periodic benefit costs.
 
2018
 
2017
 
Pension Benefits
 
Postretirement
Benefits
 
Pension Benefits
 
Postretirement
Benefits
Accumulated benefit obligation at end of year
$
4,258

$
(a)

 
$
4,577

$
(a)

Change in benefit obligation:
 
 
 
 
 
 
 
Net benefit obligation at beginning of year
$
4,827

$
1,240

 
$
4,518

$
1,170

Service cost
100

 
21

 
93

 
21

Interest cost
169

 
40

 
179

 
47

Plan amendments

 
(49
)
 

 

Participant contributions

 
9

 

 
8

Actuarial (gain) loss
(401
)
 
(163
)
 
255

 
53

Benefits paid
(236
)
 
(64
)
 
(218
)
 
(59
)
Net benefit obligation at end of year
4,459

 
1,034

 
4,827

 
1,240

Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
4,293

 
1,223

 
3,813

 
1,101

Actual return on plan assets
(218
)
 
(57
)
 
634

 
171

Employer contributions
60

 
2

 
64

 
2

Participant contributions

 
9

 

 
8

Benefits paid
(236
)
 
(64
)
 
(218
)
 
(59
)
Fair value of plan assets at end of year
3,899

 
1,113

 
4,293

 
1,223

Funded status – deficiency (surplus)
560

 
(79
)
 
534

 
17

Accrued benefit cost (asset) at December 31
$
560

$
(79
)
 
$
534

$
17

Amounts recognized in the balance sheet consist of:
 
 
 
 
 
 
 
Noncurrent asset(b)
$

$
(79
)
 
$

$

Current liability(c)
2

 

 
3

 
3

Noncurrent liability
558

 

 
531

 
14

Net liability (asset) recognized
$
560

$
(79
)
 
$
534

$
17

Amounts recognized in regulatory assets consist of:
 
 
 
 
 
 
 
Net actuarial (gain) loss
$
393

$
(91
)
 
$
374

$
(69
)
Prior service credit
(2
)
 
(48
)
 
(3
)
 
(3
)
Amounts (pretax) recognized in accumulated OCI consist of:
 
 
 
 
 
 
 
Net actuarial loss
35

 
3

 
30

 
2

Total
$
426

$
(136
)
 
$
401

$
(70
)

(a)
Not applicable.
(b)
Included in “Other assets” on Ameren’s consolidated balance sheet.
(c)
Included in “Other current liabilities” on Ameren’s consolidated balance sheet.
Assumptions Used To Determine Benefit Obligations
The following table presents the assumptions used to determine our benefit obligations at December 31, 2018 and 2017:
  
Pension Benefits
 
Postretirement Benefits
  
2018
 
2017
 
2018
 
2017
Discount rate at measurement date
4.25
%
 
3.50
%
 
4.25
%
 
3.50
%
Increase in future compensation
3.50

 
3.50

 
3.50

 
3.50

Medical cost trend rate (initial)(a)
(b)

 
(b)

 
5.00

 
5.00

Medical cost trend rate (ultimate)(a)
(b)

 
(b)

 
5.00

 
5.00


(a)
Initial and ultimate medical cost trend rate for certain Medicare-eligible participants is 3.00%.
(b)
Not applicable
Schedule Of Cash Contributions Made To Benefit Plans
The following table presents the cash contributions made to our defined benefit retirement plan and to our postretirement plans during 2018, 2017, and 2016:
 
Pension Benefits
 
Postretirement Benefits
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Ameren Missouri
$
18

 
$
19

 
$
21

 
$
1

 
$
1

 
$
1

Ameren Illinois
35

 
37

 
30

 
1

 
1

 
1

Other
7

 
8

 
6

 

 

 

Ameren
$
60

 
$
64

 
$
57

 
$
2

 
$
2

 
$
2

Target Allocation Of The Plans' Asset Categories
The following table presents our target allocations for 2019 and our pension and postretirement plans’ asset categories as of December 31, 2018 and 2017:
Asset
Category
Target Allocation
2019
 
Percentage of Plan Assets at December 31,
2018
 
2017
Pension Plan:
 
 
 
 
 
Cash and cash equivalents
0%  5%
 
1
%
 
1
%
Equity securities:
 
 
 
 
 
U.S. large-capitalization
21%  31%
 
24
%
 
34
%
U.S. small- and mid-capitalization
3%  13%
 
7
%
 
9
%
International
9%  19%
 
13
%
 
14
%
Global
3%  13%
 
8
%
 
%
Total equity
51%  61%
 
52
%
 
57
%
Debt securities
35%  45%
 
42
%
 
37
%
Real estate
0%   9%  
 
5
%
 
5
%
Private equity
0%   5%  
 
(a)

 
(a)

Total
 
 
100
%
 
100
%
Postretirement Plans:
 
 
 
 
 
Cash and cash equivalents
0%  7%
 
2
%
 
2
%
Equity securities:
 
 
 
 
 
U.S. large-capitalization
34%  44%
 
40
%
 
41
%
U.S. small- and mid-capitalization
2%  12%
 
7
%
 
8
%
International
9%  19%
 
13
%
 
14
%
Total equity
55%  65%
 
60
%
 
63
%
Debt securities
33%  43%
 
38
%
 
35
%
Total
 
 
100
%
 
100
%

(a)
Less than 1% of plan assets.
Components Of Net Periodic Benefit Cost
The following table presents the components of the net periodic benefit cost of Ameren’s pension and postretirement benefit plans during 2018, 2017, and 2016:
 
Pension Benefits
 
Postretirement Benefits
2018
 
 
 
Service cost(a)
$
100

 
$
21

Non-service cost components:
 
 
 
Interest cost
169

 
40

Expected return on plan assets
(276
)
 
(77
)
Amortization of:
 
 
 
Prior service credit
(1
)
 
(4
)
Actuarial (gain) loss
68

 
(6
)
Total non-service cost components(b)
$
(40
)
 
$
(47
)
Net periodic benefit cost (income)
$
60

 
$
(26
)
2017
 
 
 
Service cost(a)
$
93

 
$
21

Non-service cost components:
 
 
 
Interest cost
179

 
47

Expected return on plan assets
(262
)
 
(75
)
Amortization of:
 
 
 
Prior service credit
(1
)
 
(5
)
Actuarial (gain) loss
55

 
(6
)
Total non-service cost components(b)
$
(29
)
 
$
(39
)
Net periodic benefit cost (income)
$
64

 
$
(18
)
2016
 
 
 
Service cost(a)
$
81

 
$
19

Non-service cost components:
 
 
 
Interest cost
185

 
50

Expected return on plan assets
(253
)
 
(72
)
Amortization of:
 
 
 
Prior service credit
(1
)
 
(5
)
Actuarial (gain) loss
32

 
(11
)
Total non-service cost components(b)
$
(37
)
 
$
(38
)
Net periodic benefit cost (income)
$
44

 
$
(19
)
(a)    Service cost, net of capitalization, is reflected in “Operating Expenses - Other operations and maintenance” on Ameren’s statement of income.
(b)
2018 amounts and the non-capitalized portion of 2017 and 2016’s non-service cost components, as discussed above, are reflected in “Other Income, Net” on Ameren’s statement of income. See Note 5 - Other Income, Net for additional information.
Summary Of Estimated Amortizable Amounts From Regulatory Assets and Accumulated OCI Into Net Periodic Benefit Cost
The estimated amounts that will be amortized from regulatory assets and accumulated OCI into Ameren’s net periodic benefit cost in 2019 are as follows:
 
Pension Benefits
 
Postretirement Benefits
Regulatory assets:
 
 
 
Prior service credit
$
(1
)
 
$
(5
)
Net actuarial (gain) loss
24

 
(15
)
Accumulated OCI:
 
 
 
Net actuarial loss
2

 

Total
$
25

 
$
(20
)
Summary Of Benefit Plan Costs Incurred
The Ameren Companies are responsible for their share of the pension and postretirement benefit costs. The following table presents the pension costs and the postretirement benefit costs incurred for the years ended December 31, 2018, 2017, and 2016:
  
Pension Costs
 
Postretirement Costs
  
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Ameren Missouri(a)
$
22

 
$
24

 
$
26

 
$
(1
)
 
$
(4
)
 
$
(5
)
Ameren Illinois
39

 
41

 
22

 
(25
)
 
(14
)
 
(13
)
Other
(1
)
 
(1
)
 
(4
)
 

 

 
(1
)
Ameren
60

 
64

 
44

 
(26
)
 
(18
)
 
(19
)
(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 and the level of such costs included in customer rates.
Schedule Of Expected Payments From Qualified Trust And Company Funds
The expected pension and postretirement benefit payments from qualified trust and company funds, which reflect expected future service, as of December 31, 2018, are as follows:
  
Pension Benefits
 
Postretirement Benefits
  
Paid from
Qualified
Trust Funds
 
Paid from
Company
Funds
 
Paid from
Qualified
Trust Funds
 
Paid from
Company
Funds
2019
$
267

 
$
3

 
$
57

 
$
2

2020
272

 
3

 
59

 
2

2021
282

 
3

 
61

 
2

2022
285

 
3

 
62

 
2

2023
286

 
3

 
64

 
2

2024  2028
1,439

 
12

 
315

 
12

Assumptions Used To Determine Net Periodic Benefit Cost
The following table presents the assumptions used to determine net periodic benefit cost for our pension and postretirement benefit plans for the years ended December 31, 2018, 2017, and 2016:
  
Pension Benefits
 
Postretirement Benefits
  
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Discount rate at measurement date
3.50
%
 
4.00
%
 
4.50
%
 
3.50
%
 
4.00
%
 
4.50
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
7.00

 
7.00

 
7.00

Increase in future compensation
3.50

 
3.50

 
3.50

 
3.50

 
3.50

 
3.50

Medical cost trend rate (initial)(a)
(b)

 
(b)

 
(b)

 
5.00

 
5.00

 
5.00

Medical cost trend rate (ultimate)(a)
(b)

 
(b)

 
(b)

 
5.00

 
5.00

 
5.00


(a)
Initial and ultimate medical cost trend rate for certain Medicare-eligible participants is 3.00%.
(b)
Not applicable
Schedule Of Potential Changes In Key Assumptions
The table below reflects the sensitivity of Ameren’s plans to potential changes in key assumptions:
  
Pension Benefits
 
Postretirement Benefits
  
Service Cost
and Interest
Cost
 
Projected
Benefit
Obligation
 
Service Cost
and Interest
Cost
 
Postretirement
Benefit
Obligation
0.25% decrease in discount rate
$
(2
)
 
$
135

 
$

 
$
33

0.25% increase in salary scale
2

 
12

 

 

1.00% increase in annual medical trend

 

 
4

 
58

1.00% decrease in annual medical trend

 

 
(4
)
 
(58
)
Schedule Of Matching Contributions
The following table presents the portion of the matching contribution to the Ameren 401(k) plan attributable to each of the Ameren Companies for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren Missouri
$
17

 
$
16

 
$
16

Ameren Illinois
15

 
13

 
12

Other
1

 
1

 
1

Ameren
$
33

 
$
30

 
$
29

Pension Benefits  
Target Allocation Of The Plans' Asset Categories
The following table sets forth, by level within the fair value hierarchy discussed in Note 8 – Fair Value Measurements, the pension plans’ assets measured at fair value as of December 31, 2018:
 
Quoted Prices in
Active Markets for
Identified Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant Other
Unobservable
Inputs
(Level 3)
 
Measured at NAV
 
Total
Cash and cash equivalents
$

 
$

 
$

 
$
41

 
$
41

Equity securities:
 
 
 
 
 
 
 
 
 
U.S. large-capitalization

 

 

 
955

 
955

U.S. small- and mid-capitalization
272

 

 

 

 
272

International
224

 

 

 
298

 
522

Global

 

 

 
321

 
321

Debt securities:
 
 
 
 
 
 
 
 
 
Corporate bonds

 
701

 

 
19

 
720

Municipal bonds

 
87

 

 

 
87

U.S. Treasury and agency securities

 
891

 

 

 
891

Other
1

 
11

 

 

 
12

Real estate

 

 

 
202

 
202

Private equity

 

 

 
3

 
3

Total
$
497

 
$
1,690

 
$

 
$
1,839

 
$
4,026

Less: Medical benefit assets at December 31(a)
 
 
 
 
 
 
 
 
(144
)
Plus: Net receivables at December 31(b)
 
 
 
 
 
 
 
 
17

Fair value of pension plans’ assets at December 31
 
 
 
 
 
 
 
 
$
3,899


(a)
Medical benefit (health and welfare) component for accounts maintained in accordance with Section 401(h) of the Internal Revenue Code to fund a portion of the postretirement obligation.
(b)
Receivables related to pending security sales, offset by payables related to pending security purchases.
The following table sets forth, by level within the fair value hierarchy discussed in Note 8 – Fair Value Measurements, the pension plans’ assets measured at fair value as of December 31, 2017:
 
Quoted Prices in
Active Markets for
Identified Assets or Liabilities
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant Other
Unobservable
Inputs
(Level 3)
 
Measured at NAV
 
Total
Cash and cash equivalents
$

 
$

 
$

 
$
25

 
$
25

Equity securities:
 
 
 
 
 
 
 
 
 
U.S. large-capitalization

 

 

 
1,523

 
1,523

U.S. small- and mid-capitalization
379

 

 

 

 
379

International
179

 

 

 
450

 
629

Debt securities:
 
 
 
 
 
 
 
 
 
Corporate bonds

 
726

 

 
15

 
741

Municipal bonds

 
91

 

 

 
91

U.S. Treasury and agency securities
8

 
816

 

 

 
824

Other

 
7

 

 

 
7

Real estate

 

 

 
196

 
196

Private equity

 

 

 
4

 
4

Total
$
566

 
$
1,640

 
$

 
$
2,213

 
$
4,419

Less: Medical benefit assets at December 31(a)
 
 
 
 
 
 
 
 
(153
)
Plus: Net receivables at December 31(b)
 
 
 
 
 
 
 
 
27

Fair value of pension plans’ assets at December 31
 
 
 
 
 
 
 
 
$
4,293

(a)
Medical benefit (health and welfare) component for accounts maintained in accordance with Section 401(h) of the Internal Revenue Code to fund a portion of the postretirement obligation.
(b)
Receivables related to pending security sales, offset by payables related to pending security purchases.
Postretirement Benefits  
Target Allocation Of The Plans' Asset Categories
The following table sets forth, by level within the fair value hierarchy discussed in Note 8 – Fair Value Measurements, the postretirement benefit plans’ assets measured at fair value as of December 31, 2018:
 
Quoted Prices in
Active Markets for
Identified Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant Other
Unobservable
Inputs
(Level 3)
 
Measured at NAV
 
Total
Cash and cash equivalents
$
32

 
$

 
$

 
$

 
$
32

Equity securities:
 
 
 
 
 
 
 
 
 
U.S. large-capitalization
297

 

 

 
89

 
386

U.S. small- and mid-capitalization
63

 

 

 

 
63

International
45

 

 

 
84

 
129

Other

 
12

 

 

 
12

Debt securities:
 
 
 
 
 
 
 
 
 
Corporate bonds

 
144

 

 

 
144

Municipal bonds

 
107

 

 

 
107

U.S. Treasury and agency securities

 
62

 

 

 
62

Other

 
7

 

 
34

 
41

Total
$
437

 
$
332

 
$

 
$
207

 
$
976

Plus: Medical benefit assets at December 31(a)
 
 
 
 
 
 
 
 
144

Less: Net payables at December 31(b)
 
 
 
 
 
 
 
 
(7
)
Fair value of postretirement benefit plans’ assets at December 31
 
 
 
 
 
 
 
 
$
1,113

(a)
Medical benefit (health and welfare) component for 401(h) accounts to fund a portion of the postretirement obligation. These 401(h) assets are included in the pension plan assets shown above.
(b)
Payables related to pending security purchases, offset by interest receivables and receivables related to pending security sales.
The following table sets forth, by level within the fair value hierarchy discussed in Note 8 – Fair Value Measurements, the postretirement benefit plans’ assets measured at fair value as of December 31, 2017:
 
Quoted Prices in
Active Markets for
Identified Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant Other
Unobservable
Inputs
(Level 3)
 
Measured at NAV
 
Total
Cash and cash equivalents
$
44

 
$

 
$

 
$

 
$
44

Equity securities:
 
 
 
 
 
 
 
 
 
U.S. large-capitalization
332

 

 

 
110

 
442

U.S. small- and mid-capitalization
80

 

 

 

 
80

International
53

 

 

 
101

 
154

Other

 
8

 

 

 
8

Debt securities:
 
 
 
 
 
 
 
 
 
Corporate bonds

 
144

 

 

 
144

Municipal bonds

 
110

 

 

 
110

U.S. Treasury and agency securities

 
76

 

 

 
76

Other

 
4

 

 
34

 
38

Total
$
509

 
$
342

 
$

 
$
245

 
$
1,096

Plus: Medical benefit assets at December 31(a)
 
 
 
 
 
 
 
 
153

Less: Net payables at December 31(b)
 
 
 
 
 
 
 
 
(26
)
Fair value of postretirement benefit plans’ assets at December 31
 
 
 
 
 
 
 
 
$
1,223

(a)
Medical benefit (health and welfare) component for 401(h) accounts to fund a portion of the postretirement obligation. These 401(h) assets are included in the pension plan assets shown above.
(b)
Payables related to pending security purchases, offset by interest receivables and receivables related to pending security sales.
v3.10.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary Of Nonvested Shares Related To Long-Term Incentive Plan
nonvested performance share unit and restricted stock unit activity for the year ended December 31, 2018:
 
Performance Share Units
 
Restricted Stock Units
 
Share
Units
 
Weighted-average Fair Value per Share Unit
 
Stock
Units
 
Weighted-average Fair Value per Stock Unit
Nonvested at January 1, 2018(a)
895,489

 
$
52.28

 

 
$

Granted
316,875

 
62.88

 
187,273

 
57.66

Forfeitures
(65,106
)
 
51.11

 
(5,463
)
 
58.99

Vested and undistributed(b)
(288,404
)
 
53.63

 
(26,557
)
 
59.02

Vested and distributed
(176,043
)
 
52.88

 

 

Nonvested at December 31, 2018(c)
682,811

 
$
56.58

 
155,253

 
$
57.38

(a)
Does not include 712,572 undistributed vested performance share units.
(b)
Vested and undistributed units are awards that vested due to attainment of retirement eligibility by certain employees, but have not yet been distributed. For vested and undistributed performance share units, the number of shares issued for retirement-eligible employees will vary depending on actual performance over the three-year performance period.
(c)
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table presents the fair value of each share unit awarded under the 2014 Incentive Plan along with the significant assumptions used to calculate the fair value of each share unit for the years ended December 31, 2018, 2017, and 2016:
 
2018
2017
2016
Fair value of share units awarded
$62.88
$59.16
$44.13
Ameren’s closing common share price at December 31 of the prior year
$61.69
$52.46
$43.23
Three-year risk-free rate
1.98%
1.47%
1.31%
Volatility range for the peer group(a)
15%  23%
15%  21%
15%  20%
(a)
Based on a historical period that is equal to the remaining term of the performance period as of the grant date.
The following table presents the stock-based compensation expense for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren Missouri
$
4

 
$
4

 
$
4

Ameren Illinois
3

 
2

 
2

Other(a)
13

 
12

 
11

Ameren
20

 
18

 
17

Less income tax benefit
6

 
7

 
6

Stock-based compensation expense, net
$
14

 
$
11

 
$
11

(a)
Represents compensation expense of employees of Ameren Services. These amounts are not included in the Ameren Missouri and Ameren Illinois amounts above.
v3.10.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Remeasurement of Deferred Incomes Taxes due to the Tax Cuts and Jobs Act [Table Text Block]
 
Ameren Missouri
 
Ameren Illinois
 
Other
 
Ameren
Increase (Decrease)
 
 
 
 
 
 
 
Accumulated deferred income taxes, net
$
(1,419
)
 
$
(871
)
 
$
37

 
$
(2,253
)
Income tax expense (benefit)
32

 
(5
)
 
127

 
154

Noncurrent regulatory assets
(89
)
 
(24
)
 
(1
)
 
(114
)
Noncurrent regulatory liabilities
1,362

 
842

 
89

 
2,293

Schedule Of Effective Income Tax Rate Reconciliation
The following table presents the principal reasons for the difference between the effective income tax rate and the federal statutory corporate income tax rate for the years ended December 31, 2018, 2017, and 2016:
 
Ameren Missouri
 
Ameren Illinois
 
Ameren
2018
 
 
 
 
 
Federal statutory corporate income tax rate:
21
 %
 
21
 %
 
21
 %
Increases (decreases) from:
 
 
 
 
 
Amortization of excess deferred taxes
(4
)
 
(4
)
 
(4
)
Other depreciation differences

 
(1
)
 

Amortization of deferred investment tax credit
(1
)
 

 
(1
)
State tax
4

 
7

 
6

TCJA
1

 
1

 
1

Tax credits
(1
)
 

 

Other permanent items

 

 
(1
)
Effective income tax rate
20
 %
 
24
 %
 
22
 %
2017
 
 
 
 
 
Federal statutory corporate income tax rate:
35
 %
 
35
 %
 
35
 %
Increases (decreases) from:
 
 
 
 
 
Depreciation differences
1

 
(1
)
 

Amortization of deferred investment tax credit
(1
)
 

 
(1
)
State tax
4

 
6

 
6

TCJA
6

 
(1
)
 
14

Tax credits
(1
)
 

 

Other permanent items

 
(1
)
 
(2
)
Effective income tax rate
44
 %
 
38
 %
 
52
 %
2016
 
 
 
 
 
Federal statutory corporate income tax rate:
35
 %
 
35
 %
 
35
 %
Increases (decreases) from:
 
 
 
 
 
Depreciation differences
1

 

 

Amortization of deferred investment tax credit
(1
)
 

 

State tax
3

 
5

 
4

Stock-based compensation(a)

 

 
(2
)
Valuation allowance

 

 
1

Other permanent items

 
(2
)
 
(1
)
Effective income tax rate
38
 %
 
38
 %
 
37
 %

(a)
Reflects the adoption of authoritative accounting guidance related to stock-based compensation, which resulted in the recognition of a $21 million income tax benefit in 2016.
Schedule Of Components Of Income Tax Expense (Benefit)
The following table presents the components of income tax expense for the years ended December 31, 2018, 2017, and 2016:
 
Ameren Missouri
 
Ameren Illinois
 
Other
 
Ameren
2018
 
 
 
 
 
 
 
Current taxes:
 
 
 
 
 
 
 
Federal
$
104

 
$
4

 
$
(118
)
 
$
(10
)
State
29

 
6

 
(12
)
 
23

Deferred taxes:
 
 
 
 
 
 
 
Federal
22

 
75

 
123

 
220

State
(2
)
 
28

 
23

 
49

Amortization of excess deferred taxes
(24
)
 
(15
)
 
(1
)
 
(40
)
Amortization of deferred investment tax credits
(5
)
 

 

 
(5
)
Total income tax expense
$
124

 
$
98

 
$
15

 
$
237

2017
 
 
 
 
 
 
 
Current taxes:
 
 
 
 
 
 
 
Federal
$
149

 
$
(34
)
 
$
(110
)
 
$
5

State
23

 
29

 
(20
)
 
32

Deferred taxes:
 
 
 
 
 
 
 
Federal
76

 
185

 
250

 
511

State
11

 
(13
)
 
36

 
34

Amortization of deferred investment tax credits
(5
)
 
(1
)
 

 
(6
)
Total income tax expense
$
254

 
$
166

 
$
156

 
$
576

2016
 
 
 
 
 
 
 
Current taxes:
 
 
 
 
 
 
 
Federal
$
31

 
$
(8
)
 
$
(24
)
 
$
(1
)
State
6

 
12

 
(21
)
 
(3
)
Deferred taxes:
 
 
 
 
 
 
 
Federal
161

 
117

 
21

 
299

State
23

 
37

 
32

 
92

Amortization of deferred investment tax credits
(5
)
 

 

 
(5
)
Total income tax expense
$
216

 
$
158

 
$
8

 
$
382

Schedule Of Deferred Tax Assets And Liabilities Resulting From Temporary Differences
The following table presents the accumulated deferred income tax assets and liabilities recorded as a result of temporary differences at December 31, 2018 and 2017:
 
Ameren Missouri
 
Ameren Illinois
 
Other
 
Ameren
2018
 
 
 
 
 
 
 
Accumulated deferred income taxes, net liability (asset):
 
 
 
 
 
 
 
Plant-related
$
2,010

 
$
1,345

 
$
179

 
$
3,534

Regulatory assets and liabilities, net
(343
)
 
(221
)
 
(25
)
 
(589
)
Deferred employee benefit costs
(58
)
 
(4
)
 
(64
)
 
(126
)
Tax carryforwards
(35
)
 
(26
)
 
(166
)
 
(227
)
Other
(40
)
 
25

 
46

 
31

Total net accumulated deferred income tax liabilities (assets)
$
1,534

 
$
1,119

 
$
(30
)
 
$
2,623

2017
 
 
 
 
 
 
 
Accumulated deferred income taxes, net liability (asset):
 
 
 
 
 
 
 
Plant-related
$
2,064

 
$
1,264

 
$
146

 
$
3,474

Regulatory assets and liabilities, net
(317
)
 
(206
)
 
(24
)
 
(547
)
Deferred employee benefit costs
(53
)
 
(17
)
 
(61
)
 
(131
)
Revenue requirement reconciliation adjustments

 
20

 

 
20

Tax carryforwards
(31
)
 
(43
)
 
(287
)
 
(361
)
Other
(13
)
 
3

 
61

 
51

Total net accumulated deferred income tax liabilities (assets)
$
1,650

 
$
1,021

 
$
(165
)
 
$
2,506

Schedule Of Net Operating Loss Carryforwards And Tax Credit Carryforwards
The following table presents the components of accumulated deferred income tax assets relating to net operating loss carryforwards, tax credit carryforwards, and charitable contribution carryforwards at December 31, 2018 and 2017:
 
Ameren Missouri
 
Ameren Illinois
 
Other
 
Ameren
2018
 
 
 
 
 
 
 
Net operating loss carryforwards:
 
 
 
 
 
 
 
Federal(a)
$

 
$
23

 
$
55

 
$
78

State(a)

 

 
13

 
13

Total net operating loss carryforwards
$

 
$
23

 
$
68

 
$
91

Tax credit carryforwards:
 
 
 
 
 
 
 
Federal(b)
$
35

 
$
3

 
$
79

 
$
117

State(c)

 

 
10

 
10

Total tax credit carryforwards
$
35

 
$
3

 
$
89

 
$
127

Charitable contribution carryforwards(d)
$

 
$

 
$
14

 
$
14

Valuation allowance(e)

 

 
(5
)
 
(5
)
Total charitable contribution carryforwards
$

 
$

 
$
9

 
$
9

2017
 
 
 
 
 
 
 
Net operating loss carryforwards:
 
 
 
 
 
 
 
Federal
$

 
$
41

 
$
162

 
$
203

State

 

 
32

 
32

Total net operating loss carryforwards
$

 
$
41

 
$
194

 
$
235

Tax credit carryforwards:
 
 
 
 
 
 
 
Federal
$
31

 
$
2

 
$
80

 
$
113

State

 

 
7

 
7

Total tax credit carryforwards
$
31

 
$
2

 
$
87

 
$
120

Charitable contribution carryforwards
$

 
$

 
$
11

 
$
11

Valuation allowance

 

 
(5
)
 
(5
)
Total charitable contribution carryforwards
$

 
$

 
$
6

 
$
6


(a)
Will expire between 2034 and 2037. Any net operating loss carryforward generated after January 1, 2018, will not have an expiration date as a result of the TCJA.
(b)
Will expire between 2029 and 2037.
(c)
Will expire between 2019 and 2022.
(d)
Will expire between 2019 and 2023.
(e)
See Schedule II under Part IV, Item 15, in this report for information on changes in the valuation allowance.
v3.10.0.1
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table presents the specified performance period, price, and amount of megawatthours included in the agreements:
IPA Procurement Event
Performance Period
MWh
 
Average Price per MWh
May 2014
January 2015  February 2017
168,400
$
51
April 2015
June 2015  June 2017
667,000
 
36
September 2015
November 2015  May 2018
339,000
 
38
April 2016
June 2017  September 2018
375,200
 
35
September 2016
May 2017  September 2018
82,800
 
34
April 2017
March 2019  May 2020
85,600
 
34
April 2018
June 2019  September 2020
110,000
 
32
The following table presents the impact on Ameren Missouri and Ameren Illinois of related-party transactions for the years ended December 31, 2018, 2017, and 2016. It is based primarily on the agreements discussed above and the money pool arrangements discussed in Note 4 – Short-term Debt and Liquidity.
Agreement
Income Statement Line Item
 
 
 
Ameren
Missouri
 
Ameren
Illinois
Ameren Missouri power supply agreements
Operating Revenues
 
2018
$
11

$
(a)

with Ameren Illinois
 
 
2017
 
23

 
(a)

 
 
 
2016
 
28

 
(a)

Ameren Missouri and Ameren Illinois
Operating Revenues
 
2018
 
22

 
3

rent and facility services
 
 
2017
 
26

 
4

 
 
 
2016
 
25

 
5

Ameren Missouri and Ameren Illinois miscellaneous
Operating Revenues
 
2018
 
1

 
1

support services and services provided to ATXI
 
 
2017
 
(b)

 
1

 
 
 
2016
 
1

 
(b)

Total Operating Revenues
 
 
2018
$
34

$
4

 
 
 
2017
 
49

 
5

 
 
 
2016
 
54

 
5

Ameren Illinois power supply
Purchased Power
 
2018
$
(a)

$
11

agreements with Ameren Missouri
 
 
2017
 
(a)

 
23

 
 
 
2016
 
(a)

 
28

Ameren Illinois transmission
Purchased Power
 
2018
 
(a)

 
1

services from ATXI
 
 
2017
 
(a)

 
2

 
 
 
2016
 
(a)

 
2

Total Purchased Power
 
 
2018
$
(a)

$
12

 
 
 
2017
 
(a)

 
25

 
 
 
2016
 
(a)

 
30

Ameren Missouri and Ameren Illinois
Other Operations and
 
2018
$
3

$
6

rent and facility services
Maintenance
 
2017
 
(b)

 
(b)

 
 
 
2016
 
(b)

 
(b)

Ameren Services support services
Other Operations and
 
2018
 
136


126

agreement
Maintenance
 
2017
 
149

 
139

 
 
 
2016
 
129

 
123

Total Other Operations and
 
 
2018
$
139

$
132

Maintenance Expenses
 
 
2017
 
149

 
139

 
 
 
2016
 
129

 
123

Money pool borrowings (advances)
(Interest Charges)
 
2018
$
1

$
(b)

 
Other Income, Net
 
2017
 
1

 
(b)

 
 
 
2016
 
(b)

 
(b)

(a)
Not applicable.
(b)
Amount less than $1 million.
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 December 31, 2018 and 2017:
 
2018
 
 
2017
 
Ameren Missouri
Ameren Illinois
 
 
Ameren Missouri
Ameren Illinois
Income taxes payable to parent(a)
$
16

$
7

 
 
$
11

$
17

Income taxes receivable from parent(b)

6

 
 


(a)
Included in “Accounts payable – affiliates” on the balance sheet.
(b)
Included in “Accounts receivable – affiliates” on the balance sheet
Schedule of Capital Contributions
The following table presents cash capital contributions received from Ameren (parent) by Ameren Missouri and Ameren Illinois for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
 
Ameren Missouri(a)
$
45

 
$
30

 
$
44

(b) 
Ameren Illinois
160

 
8

 

 
(a)
As a result of the tax allocation agreement.
(b)
Included a $38 million accrued capital contribution from 2015.
v3.10.0.1
Commitments And Contingencies (Tables)
12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule Of Lease Obligations
We lease various facilities, office equipment, plant equipment, and rail cars under capital and operating leases. The following table presents our lease obligations at December 31, 2018:
 
2019
 
2020
 
2021
 
2022
 
2023
 
After 5 Years
 
Total
Ameren:
 
 
 
 
 
 
 
 
 
 
 
 
 
Minimum capital lease payments(a)(b)
$
32

 
$
32

 
$
33

 
$
32

 
$
264

 
$

 
$
393

Less amount representing interest
25

 
25

 
25

 
24

 
24

 

 
123

Present value of minimum capital lease payments
$
7

 
$
7

 
$
8

 
$
8

 
$
240

 
$

 
$
270

Operating leases
10

 
8

 
7

 
6

 
5

 
9

 
45

Total lease obligations
$
17

 
$
15

 
$
15

 
$
14

 
$
245

 
$
9

 
$
315

Ameren Missouri:
 
 
 
 
 
 
 
 
 
 
 
 
 
Minimum capital lease payments(b)(c)
$
32

 
$
32

 
$
33

 
$
32

 
$
264

 
$

 
$
393

Less amount representing interest
25

 
25

 
25

 
24

 
24

 

 
123

Present value of minimum capital lease payments
$
7

 
$
7

 
$
8

 
$
8

 
$
240

 
$

 
$
270

Operating leases
8

 
7

 
6

 
5

 
5

 
9

 
40

Total lease obligations
$
15

 
$
14

 
$
14

 
$
13

 
$
245

 
$
9

 
$
310

Ameren Illinois:
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating leases
$
1

 
$

 
$

 
$

 
$

 
$

 
$
1

(a)
See Note 3 – Property, Plant, and Equipment, Net for additional information.
(b)
See Note 5 – Long-term Debt and Equity Financings for additional information on Ameren’s and Ameren Missouri’s capital lease agreements.
Schedule Of Rental Expense
The following table presents total operating lease expenses included in “Operating Expenses” in the statement of income for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
Ameren
$
9

 
$
11

 
$
38

Ameren Missouri
8

 
10

 
34

Ameren Illinois
1

 
1

 
30

Schedule Of Estimated Purchased Commitments
The table below presents our estimated minimum fuel, purchased power, and other commitments at December 31, 2018. 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 December 31, 2018.
 
Coal
 
Natural
Gas(a)
 
Nuclear
Fuel
 
Purchased
Power(b)(c)
 
Methane
Gas
 
Other
 
Total
Ameren:
 
 
 
 
 
 
 
 
 
 
 
 
 
2019
$
349

 
$
197

 
$
25

 
$
157

 
$
4

 
$
67

 
$
799

2020
160

 
143

 
43

 
54

 
4

 
41

 
445

2021
121

 
77

 
59

 
10

 
4

 
30

 
301

2022
72

 
27

 
14

 

 
3

 
26

 
142

2023

 
7

 
42

 

 
3

 
27

 
79

Thereafter

 
34

 
31

 

 
29

 
72

 
166

Total
$
702

 
$
485

 
$
214

 
$
221

 
$
47

 
$
263

 
$
1,932

Ameren Missouri:
 
 
 
 
 
 
 
 
 
 
 
 
 
2019
$
349

 
$
40

 
$
25

 
$

 
$
4

 
$
49

 
$
467

2020
160

 
31

 
43

 

 
4

 
26

 
264

2021
121

 
15

 
59

 

 
4

 
26

 
225

2022
72

 
5

 
14

 

 
3

 
26

 
120

2023

 
3

 
42

 

 
3

 
27

 
75

Thereafter

 
14

 
31

 

 
29

 
56

 
130

Total
$
702

 
$
108

 
$
214

 
$

 
$
47

 
$
210

 
$
1,281

Ameren Illinois:
 
 
 
 
 
 
 
 
 
 
 
 
 
2019
$

 
$
157

 
$

 
$
157

 
$

 
$
8

 
$
322

2020

 
112

 

 
54

 

 
5

 
171

2021

 
62

 

 
10

 

 

 
72

2022

 
22

 

 

 

 

 
22

2023

 
4

 

 

 

 

 
4

Thereafter

 
20

 

 

 

 

 
20

Total
$

 
$
377

 
$

 
$
221

 
$

 
$
13

 
$
611

(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 2034 with various renewable energy suppliers due to the contingent nature of the payment amounts.
(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.
v3.10.0.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information, By Segment
The following tables present information about the reported revenue and specified items reflected in net income attributable to common shareholders and capital expenditures by segment at Ameren and Ameren Illinois for the years ended December 31, 2018, 2017, and 2016. Ameren, Ameren Missouri, and Ameren Illinois management review segment capital expenditure information rather than any individual or total asset amount.
Ameren
 
Ameren Missouri
 
Ameren Illinois Electric Distribution
 
Ameren Illinois Natural Gas
 
Ameren Transmission
 
Other
 
Intersegment
Eliminations
 
Ameren
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
$
3,555

 
$
1,544

 
$
814

 
$
378

 
$

 
$

 
$
6,291

Intersegment revenues
34

 
3

 
1

 
55

(a) 

 
(93
)
 

Depreciation and amortization
550

 
259

 
65

 
77

 
4

 

 
955

Interest income
28

 
6

 

 

 
4

 
(5
)
 
33

Interest charges
200

 
73

 
38

 
75

(b) 
19

 
(4
)
 
401

Income taxes
124

 
41

 
25

 
56

 
(9
)
 

 
237

Net income (loss) attributable to Ameren common shareholders
478

 
136

 
70

 
164

 
(33
)
 

 
815

Capital expenditures
914

 
503

 
311

 
562

 
5

 
(9
)
 
2,286

2017
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
$
3,488

 
$
1,564

 
$
742

 
$
382

 
$
(2
)
 
$

 
$
6,174

Intersegment revenues
49

 
4

 
1

 
44

(a) 

 
(98
)
 

Depreciation and amortization
533

 
239

 
59

 
60

 
5

 

 
896

Interest income
27

 
7

 

 

 
11

 
(11
)
 
34

Interest charges
207

 
73

 
36

 
67

(b) 
19

 
(11
)
 
391

Income taxes
254

 
83

 
36

 
90

 
113

 

 
576

Net income (loss) attributable to Ameren common shareholders
323

 
131

 
60

 
140

 
(131
)
 

 
523

Capital expenditures
773

 
476

 
245

 
644

 
1

 
(7
)
 
2,132

2016
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
$
3,470

 
$
1,544

 
$
753

 
$
309

 
$

 
$

 
$
6,076

Intersegment revenues
54

 
4

 
1

 
46

(a) 

 
(105
)
 

Depreciation and amortization
514

 
226

 
55

 
43

 
7

 

 
845

Interest income
28

 
11

 

 
1

 
11

 
(11
)
 
40

Interest charges
211

 
72

 
34

 
58

(b) 
18

 
(11
)
 
382

Income taxes
216

 
78

 
39

 
74

 
(25
)
 

 
382

Net income (loss) attributable to Ameren common shareholders
357

 
126

 
59

 
117

 
(6
)
 

 
653

Capital expenditures
738

 
470

 
181

 
689

 
4

 
(6
)
 
2,076


(a)
Ameren Transmission earns revenue from transmission service provided to Ameren Illinois Electric Distribution. See discussion of transactions above.
(b)
Ameren Transmission interest charges include 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
2018
 
 
 
 
 
 
 
 
 
External revenues
$
1,547

 
$
815

 
$
214

 
$

 
$
2,576

Intersegment revenues

 

 
53

(a) 
(53
)
 

Depreciation and amortization
259

 
65

 
50

 

 
374

Interest income
6

 

 

 

 
6

Interest charges
73

 
38

 
38

 

 
149

Income taxes
41

 
25

 
32

 

 
98

Net income available to common shareholder
136

 
70

 
98

 

 
304

Capital expenditures
503

 
311

 
444

 

 
1,258

2017
 
 
 
 
 
 
 
 
 
External revenues
$
1,568

 
$
743

 
$
216

 
$

 
$
2,527

Intersegment revenues

 

 
42

(a) 
(42
)
 

Depreciation and amortization
239

 
59

 
43

 

 
341

Interest income
7

 

 

 

 
7

Interest charges
73

 
36

 
35

 

 
144

Income taxes
83

 
36

 
47

 

 
166

Net income available to common shareholder
131

 
60

 
77

 

 
268

Capital expenditures
476

 
245

 
355

 

 
1,076

2016
 
 
 
 
 
 
 
 
 
External revenues
$
1,548

 
$
754

 
$
187

 
$

 
$
2,489

Intersegment revenues

 

 
45

(a) 
(45
)
 

Depreciation and amortization
226

 
55

 
38

 

 
319

Interest income
11

 

 
1

 

 
12

Interest charges
72

 
34

 
34

 

 
140

Income taxes
78

 
39

 
41

 

 
158

Net income available to common shareholder
126

 
59

 
67

 

 
252

Capital expenditures
470

 
181

 
273

 

 
924

(a)
Ameren Illinois Transmission earns revenue from transmission service provided to Ameren Illinois Electric Distribution. See discussion of transactions above.
Disaggregation of Revenue
The following tables present disaggregated revenues by segment at Ameren and Ameren Illinois for the years ended December 31, 2018, 2017, and 2016. 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
 
Other
 
Intersegment
Eliminations
 
Ameren
 
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
$
1,560

 
$
867

 
$

 
$

 
$

 
$

 
$
2,427

 
Commercial
1,271

 
511

 

 

 

 

 
1,782

 
Industrial
312

 
130

 

 

 

 

 
442

 
Other
308

(a) 
39

 

 
433

 

 
(92
)
 
688

(a) 
Total electric revenues
$
3,451

 
$
1,547

 
$

 
$
433

 
$

 
$
(92
)
 
$
5,339

 
Residential
$
90

 
$

 
$
581

 
$

 
$

 
$

 
$
671

 
Commercial
37

 

 
159

 

 

 

 
196

 
Industrial
4

 

 
17

 

 

 

 
21

 
Other
7

 

 
58

 

 

 
(1
)
 
64

 
Total gas revenues
$
138

 
$

 
$
815

 
$

 
$

 
$
(1
)
 
$
952

 
Total revenues(b)
$
3,589

 
$
1,547

 
$
815

 
$
433

 
$

 
$
(93
)
 
$
6,291

 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
$
1,417

 
$
870

 
$

 
$

 
$

 
$

 
$
2,287

 
Commercial
1,208

 
527

 

 

 

 

 
1,735

 
Industrial
305

 
113

 

 

 

 

 
418

 
Other
481

 
58

 

 
426

 
(2
)
 
(96
)
 
867

 
Total electric revenues
$
3,411

 
$
1,568

 
$

 
$
426

 
$
(2
)
 
$
(96
)
 
$
5,307

 
Residential
$
77

 
$

 
$
531

 
$

 
$

 
$

 
$
608

 
Commercial
31

 

 
146

 

 

 

 
177

 
Industrial
4

 

 
12

 

 

 

 
16

 
Other
14

 

 
54

 

 

 
(2
)
 
66

 
Total gas revenues
$
126

 
$

 
$
743

 
$

 
$

 
$
(2
)
 
$
867

 
Total revenues(b)
$
3,537

 
$
1,568

 
$
743

 
$
426

 
$
(2
)
 
$
(98
)
 
$
6,174

 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
$
1,422

 
$
895

 
$

 
$

 
$

 
$

 
$
2,317

 
Commercial
1,224

 
517

 

 

 

 

 
1,741

 
Industrial
315

 
96

 

 

 

 

 
411

 
Other
435

 
40

 

 
355

 
1

 
(104
)
 
727

 
Total electric revenues
$
3,396

 
$
1,548

 
$

 
$
355

 
$
1

 
$
(104
)
 
$
5,196

 
Residential
$
77

 
$

 
$
530

 
$

 
$

 
$

 
$
607

 
Commercial
30

 

 
153

 

 

 

 
183

 
Industrial
4

 

 
10

 

 

 

 
14

 
Other
17

 

 
61

 

 

 
(2
)
 
76

 
Total gas revenues
$
128

 
$

 
$
754

 
$

 
$

 
$
(2
)
 
$
880

 
Total revenues(b)
$
3,524

 
$
1,548

 
$
754

 
$
355

 
$
1

 
$
(106
)
 
$
6,076

 
(a)
Includes $60 million for the year ended December 31, 2018, for the reduction to revenue for the excess amounts collected in rates related to the TCJA from January 1, 2018, through July 31, 2018. See Note 2 – Rate and Regulatory Matters for additional information.
(b)
The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the years ended December 31, 2018, 2017, and 2016:
 
Ameren
Missouri
 
Ameren Illinois Electric Distribution
 
Ameren Illinois Natural Gas
 
Ameren Transmission
 
Ameren
2018
 
 
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
(8
)
 
$
(3
)
 
$
(23
)
 
$
(25
)
 
$
(59
)
Other revenues not from contracts with customers
24

 
16

 
2

 

 
42

2017
 
 
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
(28
)
 
$
(5
)
 
$
5

 
$
13

 
$
(15
)
Other revenues not from contracts with customers
15

 
6

 
2

 

 
23

2016
 
 
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
8

 
$
(70
)
 
$
11

 
$
(1
)
 
$
(52
)
Other revenues not from contracts with customers
16

 
6

 
2

 

 
24

Ameren Illinois
 
Ameren Illinois Electric Distribution
 
Ameren Illinois Natural Gas
 
Ameren Illinois Transmission
 
Intersegment Eliminations
 
Ameren Illinois
 
2018
 
 
 
 
 
 
 
 
 
 
Residential
$
867

 
$
581

 
$

 
$

 
$
1,448

 
Commercial
511

 
159

 

 

 
670

 
Industrial
130

 
17

 

 

 
147

 
Other
39

 
58

 
267

 
(53
)
 
311

 
Total revenues(a)
$
1,547

 
$
815

 
$
267

 
$
(53
)
 
$
2,576

 
2017
 
 
 
 
 
 
 
 
 
 
Residential
$
870

 
$
531

 
$

 
$

 
$
1,401

 
Commercial
527

 
146

 

 

 
673

 
Industrial
113

 
12

 

 

 
125

 
Other
58

 
54

 
258

 
(42
)
 
328

 
Total revenues(a)
$
1,568

 
$
743

 
$
258

 
$
(42
)
 
$
2,527

 
2016
 
 
 
 
 
 
 
 
 
 
Residential
$
895

 
$
530

 
$

 
$

 
$
1,425

 
Commercial
517

 
153

 

 

 
670

 
Industrial
96

 
10

 

 

 
106

 
Other
40

 
61

 
232

 
(45
)
 
288

 
Total revenues(a)
$
1,548

 
$
754

 
$
232

 
$
(45
)
 
$
2,489

 
(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 years ended December 31, 2018, 2017, and 2016:
 
Ameren Illinois Electric Distribution
 
Ameren Illinois Natural Gas
 
Ameren Illinois Transmission
 
Ameren Illinois
2018
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
(3
)
 
$
(23
)
 
$
(25
)
 
$
(51
)
Other revenues not from contracts with customers
16

 
2

 

 
18

2017
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
(5
)
 
$
5

 
$
9

 
$
9

Other revenues not from contracts with customers
6

 
2

 

 
8

2016
 
 
 
 
 
 
 
Revenues from alternative revenue programs
$
(70
)
 
$
11

 
$
2

 
$
(57
)
Other revenues not from contracts with customers
6

 
2

 

 
8

v3.10.0.1
Selected Quarterly Information (Tables)
12 Months Ended
Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]  
Summary Of Selected Quarterly Information
SELECTED QUARTERLY INFORMATION (Unaudited) (In millions, except per share amounts)
Ameren
2018
 
 
2017
 
Quarter ended
March 31
 
June 30
 
September 30
 
December 31
 
 
March 31

 
June 30

 
September 30
 
December 31
 
Operating revenues(a)
$
1,585

 
$
1,563

 
$
1,724

 
$
1,419

 
 
$
1,515

 
$
1,537

 
$
1,723

 
$
1,399

 
Operating income(a)
273

 
385

 
533

 
166

 
 
242

 
387

 
569

 
212

 
Net income (loss)
153

 
240

 
359

 
69

 
 
104

 
194

 
290

 
(59
)
(b) 
Net income (loss) attributable to Ameren common shareholders
$
151

 
$
239

 
$
357

 
$
68

 
 
$
102

 
$
193

 
$
288

 
$
(60
)
 
Earnings (loss) per common share – basic
$
0.62

 
$
0.98

 
$
1.46

 
$
0.28

 
 
$
0.42

 
$
0.79

 
$
1.19

 
$
(0.24
)
 
Earnings (loss) per common share – diluted(c)
$
0.62

 
$
0.97

 
$
1.45

 
$
0.28

 
 
$
0.42

 
$
0.79

 
$
1.18

 
$
(0.24
)
 
(a)
2017 amounts have been revised to reflect the adoption of accounting guidance on revenue from contracts with customers and the presentation of net periodic pension and postretirement benefit cost, effective for the Ameren Companies as of January 1, 2018. See Note 1 – Summary of Significant Accounting Policies and Note 10 – Retirement Benefits under Part II, Item 8, of this report for additional information.
(b)
Includes an increase to income tax expense of $154 million recorded in 2017 as a result of the TCJA.
(c)
The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods. This is because of the effects of rounding and the changes in the number of weighted-average diluted shares outstanding each period.
Ameren Missouri
Quarter ended
 
Operating
Revenues(a)
 
Operating
Income(a)
 
Net Income (Loss)
 
Net Income (Loss)
Available
to Common
Shareholder
March 31, 2018
 
$
792

 
$
90

 
$
39

 
$
38

March 31, 2017
 
791

 
47

 
6

 
5

June 30, 2018
 
955

 
258

 
169

 
168

June 30, 2017
 
934

 
230

 
121

 
120

September 30, 2018
 
1,129

 
394

 
295

 
294

September 30, 2017
 
1,116

 
412

 
235

 
234

December 31, 2018
 
713

 
7

 
(22
)
 
(22
)
December 31, 2017
 
696

 
33

 
(36
)
(b) 
(36
)

(a)
2017 amounts have been revised to reflect the adoption of accounting guidance on revenue from contracts with customers and the presentation of net periodic pension and postretirement benefit cost, effective for the Ameren Companies as of January 1, 2018. See Note 1 – Summary of Significant Accounting Policies and Note 10 – Retirement Benefits under Part II, Item 8, of this report for additional information.
(b)
Includes an increase to income tax expense of $32 million recorded in 2017 as a result of the TCJA.
Ameren Illinois
Quarter ended
 
Operating
Revenues(a)
 
Operating
Income(a)
 
Net Income
 
Net Income
Available
to Common
Shareholder
March 31, 2018
 
$
760

 
$
159

 
$
96

 
$
95

March 31, 2017
 
703

 
169

 
80

 
79

June 30, 2018
 
578

 
105

 
63

 
62

June 30, 2017
 
576

 
128

 
58

 
57

September 30, 2018
 
564

 
113

 
63

 
63

September 30, 2017
 
574

 
124

 
55

 
55

December 31, 2018
 
674

 
135

 
85

 
84

December 31, 2017
 
674

 
148

 
78

 
77


(a)
2017 amounts have been revised to reflect the adoption of accounting guidance on revenue from contracts with customers and the presentation of net periodic pension and postretirement benefit cost, effective for the Ameren Companies as of January 1, 2018. See Note 1 – Summary of Significant Accounting Policies and Note 10 – Retirement Benefits under Part II, Item 8, of this report for additional information.
v3.10.0.1
Summary Of Significant Accounting Policies (Narrative) (Details)
customer in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
mi²
customer
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Accounting Policies [Line Items]      
Balance Sheet impact of ASC 842 $ 40    
Payables for purchased receivables 33 $ 31  
Deferred Compensation Liability, Classified, Noncurrent 80 86  
Cash Surrender Value of Life Insurance 244 265  
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net 22 17  
Goodwill 411 411  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 16    
Defined Benefit Plan, Non-service Cost or Income Components 70 44 $ 56
Corporate owned life insurance, borrowings 113 120  
Ameren Illinois Company      
Accounting Policies [Line Items]      
Cash Surrender Value of Life Insurance $ 122 129  
Public Utilities, Area Serviced | mi² 40,000    
Goodwill $ 411 411  
Defined Benefit Plan, Non-service Cost or Income Components $ 34 10 24
Union Electric Company      
Accounting Policies [Line Items]      
Public Utilities, Area Serviced | mi² 24,000    
Defined Benefit Plan, Non-service Cost or Income Components $ 17 $ 22 $ 18
Minimum      
Accounting Policies [Line Items]      
Percent of average depreciable cost 3.00% 3.00% 3.00%
Maximum      
Accounting Policies [Line Items]      
Percent of average depreciable cost 4.00% 4.00% 4.00%
Power | Ameren Illinois Company      
Accounting Policies [Line Items]      
Public Utilities, Number of Customers | customer 1.2    
Power | Union Electric Company      
Accounting Policies [Line Items]      
Public Utilities, Number of Customers | customer 1.2    
Natural gas | Ameren Illinois Company      
Accounting Policies [Line Items]      
Public Utilities, Number of Customers | customer 0.8    
Natural gas | Union Electric Company      
Accounting Policies [Line Items]      
Public Utilities, Number of Customers | customer 0.1    
FAC | Union Electric Company      
Accounting Policies [Line Items]      
Sharing Level For Fac 95.00%    
Ameren Illinois Electric Distribution [Member]      
Accounting Policies [Line Items]      
Goodwill $ 238    
Ameren Illinois Gas [Member]      
Accounting Policies [Line Items]      
Goodwill 80    
Ameren Illinois Transmission [Member]      
Accounting Policies [Line Items]      
Goodwill 93    
Ameren Transmission [Member]      
Accounting Policies [Line Items]      
Goodwill $ 93    
v3.10.0.1
Summary Of Significant Accounting Policies (Schedule Of Inventories) (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Accounting Policies [Line Items]    
Fuel $ 123 $ 154
Gas stored underground 71 82
Other materials and supplies 289 286
Total Inventories 483 522
Union Electric Company    
Accounting Policies [Line Items]    
Fuel 123 154
Gas stored underground 7 8
Other materials and supplies 228 226
Total Inventories 358 388
Ameren Illinois Company    
Accounting Policies [Line Items]    
Fuel 0 0
Gas stored underground 64 74
Other materials and supplies 61 60
Total Inventories $ 125 $ 134
v3.10.0.1
Summary Of Significant Accounting Policies (Schedule Of Rates Used For Allowance For Funds Used During Construction) (Details)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Union Electric Company      
Accounting Policies [Line Items]      
Allowance for funds used during construction, rate 7.00% 7.00% 7.00%
Ameren Illinois Company      
Accounting Policies [Line Items]      
Allowance for funds used during construction, rate 5.00% 4.00% 5.00%
v3.10.0.1
Summary Of Significant Accounting Policies (Schedule Of Asset Retirement Obligations) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Balance $ 644 $ 650  
Liabilities settled (7) (13)  
Accretion in period 27 26  
Change in estimates (14) (19)  
Balance 650 644 $ 650
Other current liabilities 282 326  
Asset Retirement Obligation Balance [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Other current liabilities 23 6  
Union Electric Company      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Balance 640 644  
Liabilities settled (7) (12)  
Accretion in period 27 26  
Change in estimates (14) (18)  
Balance 646 640 644
Other current liabilities 123 103  
Ameren Illinois Company      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Balance 4 6  
Liabilities settled 0 (1)  
Accretion in period 0 0  
Change in estimates 0 (1)  
Balance 4 4 6
Other current liabilities 130 177  
Asset Retirement Obligation | Union Electric Company      
Asset Retirement Obligation [Line Items]      
Noncash Depreciation related to ARO $ 14 $ 26 $ 31
v3.10.0.1
Summary Of Significant Accounting Policies (Schedule Of Excise Taxes) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Accounting Policies [Line Items]      
Excise tax expense $ 282 $ 265 $ 259
Union Electric Company      
Accounting Policies [Line Items]      
Excise tax expense 164 153 151
Ameren Illinois Company      
Accounting Policies [Line Items]      
Excise tax expense $ 118 $ 112 $ 108
v3.10.0.1
Summary Of Significant Accounting Policies (Basic and Diluted Earnings Per Share Calculations) (Details) - shares
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Accounting Policies [Abstract]      
Assumed Settlement of Performance Share Units 2,000,000 1,600,000 800,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0 0 0
v3.10.0.1
Summary Of Significant Accounting Policies (Cash and Cash Equivalents) (Details) (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items]        
Cash and Cash Equivalents, at Carrying Value $ 16 $ 10    
Restricted Cash and Cash Equivalents, Current 13 21    
Restricted Cash and Cash Equivalents, Noncurrent 74 35    
Restricted Cash and Cash Equivalents, Nuclear Decommissioning Trust Fund 4 2    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107 68 $ 52 $ 351
Union Electric Company        
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items]        
Cash and Cash Equivalents, at Carrying Value 0 0    
Restricted Cash and Cash Equivalents, Current 4 5    
Restricted Cash and Cash Equivalents, Noncurrent 0 0    
Restricted Cash and Cash Equivalents, Nuclear Decommissioning Trust Fund 4 2    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 8 7 5 207
Ameren Illinois Company        
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items]        
Cash and Cash Equivalents, at Carrying Value 0 0    
Restricted Cash and Cash Equivalents, Current 6 6    
Restricted Cash and Cash Equivalents, Noncurrent 74 35    
Restricted Cash and Cash Equivalents, Nuclear Decommissioning Trust Fund 0 0    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 80 $ 41 $ 28 $ 99
v3.10.0.1
Rate and Regulatory Matters (Narrative-Missouri) (Details)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
MWh
Sep. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
MWh
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
Dec. 31, 2018
USD ($)
MWh
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Public Utilities, General Disclosures [Line Items]                        
Regulatory Liability, Noncurrent   $ 4,637       $ 4,387       $ 4,637 $ 4,387  
Revenues   1,419 $ 1,724 $ 1,563 $ 1,585 1,399 $ 1,723 $ 1,537 $ 1,515 6,291 6,174 $ 6,076
Union Electric Company                        
Public Utilities, General Disclosures [Line Items]                        
Regulatory Liability, Noncurrent   2,799       2,664       $ 2,799 $ 2,664  
PISA Deferral Percentage                   85.00%    
Recovery period for plant in service accounting deferrals                   20 years    
Depreciation Percentage Not Included in PISA Deferral                   15.00%    
Revenues   713 $ 1,129 $ 955 792 $ 696 $ 1,116 $ 934 $ 791      
Union Electric Company | Electricity                        
Public Utilities, General Disclosures [Line Items]                        
Public Utilities, Approved Rate Increase (Decrease), Amount                   $ 167    
Ameren Transmission Company of Illinois                        
Public Utilities, General Disclosures [Line Items]                        
Estimated Capital Project Costs                   $ 81    
Ameren Transmission Company of Illinois | Mark Twain Project                        
Public Utilities, General Disclosures [Line Items]                        
Incentive adder to FERC allowed base return on common equity                   0.50%    
TCJA - Excess Accumulated Deferred Income Tax Amortization | Union Electric Company | Electricity                        
Public Utilities, General Disclosures [Line Items]                        
Public Utilities, Approved Rate Increase (Decrease), Amount                   $ 74    
TCJA - Excess Amounts Collected in Rates                        
Public Utilities, General Disclosures [Line Items]                        
Regulatory Liability, Noncurrent   60               60    
Final Rate Order | Union Electric Company | Natural gas                        
Public Utilities, General Disclosures [Line Items]                        
Public Utilities, Approved Rate Increase (Decrease), Amount   2                    
Final Rate Order | Union Electric Company | MEEIA 2013 | Electricity                        
Public Utilities, General Disclosures [Line Items]                        
Incentive Award if Energy Efficiency Goals Are Achieved                   28    
Final Rate Order | Union Electric Company | MEEIA 2016 | Electricity                        
Public Utilities, General Disclosures [Line Items]                        
Incentive Award if Energy Efficiency Goals Are Achieved                   $ 27    
Revenues   $ 6     $ 5              
Achieved Percentage of Energy Efficiency Earnings For Incentive Award   100.00%               100.00%    
Final Rate Order | Union Electric Company | MEEIA 2019 | Electricity                        
Public Utilities, General Disclosures [Line Items]                        
Incentive Award if Energy Efficiency Goals Are Achieved   $ 30                    
MEEIAEnergyEfficiencyInvestments   226                    
AnnualMEEIAEnergyEfficiencyInvestments   $ 65                    
Achieved Percentage of Energy Efficiency Earnings For Incentive Award   100.00%               100.00%    
Final Rate Order | Ameren Transmission Company of Illinois | Mark Twain Project                        
Public Utilities, General Disclosures [Line Items]                        
Incentive adder to FERC allowed base return on common equity                   0.50%    
Pending Rate Case | Union Electric Company | Natural gas                        
Public Utilities, General Disclosures [Line Items]                        
Public Utilities, Requested Rate Increase (Decrease), Amount   $ 4                    
Public Utilities, Requested Return on Equity, Percentage   10.30%                    
Public Utilities, Requested Equity Capital Structure, Percentage   51.84%                    
Rate Base   $ 259                    
Wind Generation Facility | Union Electric Company                        
Public Utilities, General Disclosures [Line Items]                        
Amount of Megawatts | MWh   157   400                
Estimated Capital Project Costs                   $ 1,000    
Renewable Choice Program | Union Electric Company                        
Public Utilities, General Disclosures [Line Items]                        
Amount of Megawatts | MWh                   400    
Renewable Choice Program | Union Electric Company | Electricity                        
Public Utilities, General Disclosures [Line Items]                        
Percentage of Energy Received From Renewable Resources                   100.00%    
Renewable Choice Program - Megawatts Owned | Union Electric Company                        
Public Utilities, General Disclosures [Line Items]                        
Amount of Megawatts | MWh                   200    
Maximum                        
Public Utilities, General Disclosures [Line Items]                        
Public Utilities, Approved Rate Increase (Decrease), Percentage                   2.85%    
Subsequent Event [Member] | Union Electric Company | MEEIA 2013 | Electricity                        
Public Utilities, General Disclosures [Line Items]                        
Revenues $ 9                      
Subsequent Event [Member] | Final Rate Order | Union Electric Company | MEEIA 2016 | Electricity                        
Public Utilities, General Disclosures [Line Items]                        
Revenues $ 11                      
v3.10.0.1
Rate And Regulatory Matters (Narrative-Illinois) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Public Utilities, General Disclosures [Line Items]      
Regulatory Assets, Noncurrent $ 1,127 $ 1,127 $ 1,230
Current regulatory assets 134 134 144
Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Regulatory Assets, Noncurrent 759 759 822
Current regulatory assets 110 110 87
Ameren Transmission Company of Illinois      
Public Utilities, General Disclosures [Line Items]      
Estimated Capital Project Costs   81  
Property, Plant and Equipment, Additions   38  
Electricity | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Rate Increase (Decrease), Amount   50  
Natural gas | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Rate Increase (Decrease), Amount   $ 15  
Final Rate Order | Electricity | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Electric Energy-Efficiency Revenue Requirement 35    
Final Rate Order | Natural gas | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Rate Increase (Decrease), Amount $ 32    
Public Utilities, Approved Return on Equity, Percentage 9.87%    
Public Utilities, Approved Equity Capital Structure, Percentage 50.00%    
Rate Base $ 1,600    
TCJA - Reduction in Federal Statutory Income Tax Rate | Natural gas | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Rate Increase (Decrease), Amount 17    
FEJA | Electricity | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Return on Equity, Percentage   5.80%  
Public Utilities, Approved Equity Capital Structure, Percentage   50.00%  
Increase Decrease in Return on Equity for Energy Savings Goals   2.00%  
FEJA 2019 through 2023 | Electricity | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
FEJA Energy Efficiency Investments   $ 100  
IEIMA | 2018 IEIMA Revenue Requirement Reconciliation | Electricity | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Regulatory Assets, Noncurrent 16 16  
IEIMA | 2017 IEIMA Revenue Requirement Reconciliation | Electricity | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Current regulatory assets 54 $ 54  
IEIMA | 2016 IEIMA Revenue Requirement Reconciliation | Electricity | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Current regulatory assets     $ 24
IEIMA | Final Rate Order | Electricity | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Rate Increase (Decrease), Amount 72    
FEJA energy-efficiency rider [Domain] | Final Rate Order | Electricity | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Rate Increase (Decrease), Amount $ 20    
v3.10.0.1
Rate and Regulatory Matters (Narrative-Federal) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Public Utilities, General Disclosures [Line Items]      
Current regulatory liabilities   $ 149 $ 128
Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Current regulatory liabilities   $ 62 92
Midwest Independent Transmission System Operator, Inc [Member]      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Return on Equity, Percentage   12.38%  
Payments for Legal Settlements     21
Midwest Independent Transmission System Operator, Inc [Member] | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Payments for Legal Settlements     $ 17
Public Utilities, Approved Rate Increase (Decrease), Amount $ 27    
Midwest Independent Transmission System Operator, Inc [Member] | Ameren Transmission Company of Illinois      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Rate Increase (Decrease), Amount $ 23    
Administrative Law Judge | Midwest Independent Transmission System Operator, Inc [Member]      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Return on Equity, Percentage   9.70%  
Incentive adder to FERC allowed base return on common equity   0.50%  
Administrative Law Judge | Midwest Independent Transmission System Operator, Inc [Member] | Maximum      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Return on Equity, Percentage   10.20%  
Pending Ferc Case | Midwest Independent Transmission System Operator, Inc [Member]      
Public Utilities, General Disclosures [Line Items]      
Current regulatory liabilities   $ 44  
Pending Ferc Case | Midwest Independent Transmission System Operator, Inc [Member] | Ameren Illinois Company      
Public Utilities, General Disclosures [Line Items]      
Current regulatory liabilities   $ 26  
Final Rate Order | Midwest Independent Transmission System Operator, Inc [Member]      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Return on Equity, Percentage   10.32%  
Customer Requested Rate on Equity   9.15%  
Incentive adder to FERC allowed base return on common equity   0.50%  
Final Rate Order | Midwest Independent Transmission System Operator, Inc [Member] | Maximum      
Public Utilities, General Disclosures [Line Items]      
Public Utilities, Approved Return on Equity, Percentage   10.82%  
v3.10.0.1
Rate And Regulatory Matters (Schedule Of Regulatory Assets And Liabilities) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets $ 1,261 $ 1,374
Current regulatory assets (134) (144)
Regulatory Assets, Noncurrent 1,127 1,230
Regulatory Liabilities 4,786 4,515
Current regulatory liabilities (149) (128)
Regulatory Liability, Noncurrent 4,637 4,387
Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 380 451
Current regulatory assets (14) (56)
Regulatory Assets, Noncurrent 366 395
Regulatory Liabilities 2,867 2,683
Current regulatory liabilities (68) (19)
Regulatory Liability, Noncurrent 2,799 2,664
Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 869 909
Current regulatory assets (110) (87)
Regulatory Assets, Noncurrent 759 822
Regulatory Liabilities 1,803 1,721
Current regulatory liabilities (62) (92)
Regulatory Liability, Noncurrent 1,741 1,629
Under-Recovered FAC    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 3 47
Under-Recovered FAC | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 3 47
Under-Recovered PGA    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 7 14
Under-Recovered PGA | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 0 1
Under-Recovered PGA | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 7 13
MTM Derivative Losses    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 216 229
MTM Derivative Losses | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 19 12
MTM Derivative Losses | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 197 217
Energy Efficiency Rider    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 22 42
Energy Efficiency Rider | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 19 2
Energy Efficiency Rider | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 3 40
IEIMA    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 70 78
IEIMA | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 70 78
FERC Revenue Requirement Reconciliation    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 30 37
Regulatory Liabilities 19 0
FERC Revenue Requirement Reconciliation | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 16 25
Regulatory Liabilities 17 0
VBA Rider    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 0 15
Regulatory Liabilities 8 0
VBA Rider | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 0 15
Regulatory Liabilities 8 0
Pension And Postretirement Benefit Costs    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 252 299
Pension And Postretirement Benefit Costs | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 103 84
Pension And Postretirement Benefit Costs | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 149 215
Income Taxes    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 185 197
Regulatory Liabilities 2,413 2,323
Income Taxes | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 119 139
Regulatory Liabilities 1,484 1,392
Income Taxes | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 68 56
Regulatory Liabilities 843 842
Asset Retirement Obligation    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 175 223
Asset Retirement Obligation | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 175 223
Callaway Costs    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 22 25
Callaway Costs | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 22 25
Unamortized Loss On Reacquired Debt    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 98 110
Unamortized Loss On Reacquired Debt | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 58 61
Unamortized Loss On Reacquired Debt | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 40 49
Environmental cost riders    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 148 173
Environmental cost riders | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 148 173
Storm Costs    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 13 10
Storm Costs | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 13 10
Demand-Side Costs    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 5 11
Demand-Side Costs | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 5 11
Reserve For Workers' Compensation Liabilities    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 11 12
Reserve For Workers' Compensation Liabilities | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 4 5
Reserve For Workers' Compensation Liabilities | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 7 7
Construction Accounting For Pollution Control Equipment    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 16 18
Construction Accounting For Pollution Control Equipment | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 16 18
Solar Rebates    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 14 31
Solar Rebates | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 14 31
FEJA energy-efficiency rider    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 136 41
FEJA energy-efficiency rider | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 136 41
Other Regulatory Assets    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 35 27
Other Regulatory Assets | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 17 17
Other Regulatory Assets | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Assets 18 10
Over-Recovered FAC    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 34 4
Over-Recovered FAC | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 34 4
Over-Recovered Illinois Electric Power Costs    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 12 16
Over-Recovered Illinois Electric Power Costs | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 12 16
Over-Recovered PGA    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 10 1
Over-Recovered PGA | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 7 0
Over-Recovered PGA | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 3 1
MTM Derivative Gains    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 8 16
MTM Derivative Gains | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 5 16
MTM Derivative Gains | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 3 0
Refund Reserves for FERC Orders and Audit Findings    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 44 42
Refund Reserves for FERC Orders and Audit Findings | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 26 25
Removal Costs    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 1,811 1,725
Removal Costs | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 1,027 995
Removal Costs | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 774 725
Pension And Postretirement Benefit Costs Tracker    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 43 35
Pension And Postretirement Benefit Costs Tracker | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 43 35
Renewable Energy Credits    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 102 58
Renewable Energy Credits | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 102 58
Excess Income Taxes Collected - TCJA [Member]    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 60 0
Excess Income Taxes Collected - TCJA [Member] | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 60 0
Other Regulatory Liabilities    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 25 30
Other Regulatory Liabilities | Union Electric Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities 13 16
Other Regulatory Liabilities | Ameren Illinois Company    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liabilities $ 12 $ 14
Minimum    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liability, Amortization Period 30 years  
Minimum | Income Taxes    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liability, Amortization Period 7 years  
Minimum | FEJA energy-efficiency rider    
Public Utilities, General Disclosures [Line Items]    
Regulatory Asset, Amortization Period 8 years  
Maximum    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liability, Amortization Period 60 years  
Maximum | Income Taxes    
Public Utilities, General Disclosures [Line Items]    
Regulatory Liability, Amortization Period 60 years  
Maximum | FEJA energy-efficiency rider    
Public Utilities, General Disclosures [Line Items]    
Regulatory Asset, Amortization Period 12 years  
v3.10.0.1
Property And Plant, Net (Schedule Of Property And Plant, Net) (Details)
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
equipment
Dec. 31, 2017
USD ($)
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost $ 34,002 $ 32,027
Accumulated depreciation and amortization 12,273 11,633
Property and plant, before construction work in progress 21,729 20,394
Property, Plant and Equipment, Net $ 22,810 21,466
Number of combustion turbine electric generation equipment under capital lease agreements | equipment 2  
Number of capital lease agreements | equipment 2  
Capital lease agreements, gross asset value $ 235 233
Total accumulated depreciation, capital lease agreements 89 83
Electric Generation Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 11,432 11,132
Electric distribution equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 11,959 11,415
Electric transmission equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 5,309 4,666
Gas    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 3,201 2,893
Property, Plant and Equipment, Other Types [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 2,101 1,921
Construction work in progress 864 924
Nuclear Fuel    
Property, Plant and Equipment [Line Items]    
Construction work in progress 217 148
Union Electric Company    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 20,206 19,495
Accumulated depreciation and amortization 8,726 8,305
Property and plant, before construction work in progress 11,480 11,190
Property, Plant and Equipment, Net 12,103 11,751
Union Electric Company | Electric Generation Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 11,432 11,132
Union Electric Company | Electric distribution equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 5,989 5,766
Union Electric Company | Electric transmission equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 1,277 1,201
Union Electric Company | Gas    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 500 474
Union Electric Company | Property, Plant and Equipment, Other Types [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 1,008 922
Construction work in progress 406 413
Union Electric Company | Nuclear Fuel    
Property, Plant and Equipment [Line Items]    
Construction work in progress 217 148
Ameren Illinois Company    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 12,181 11,123
Accumulated depreciation and amortization 3,294 3,082
Property and plant, before construction work in progress 8,887 8,041
Property, Plant and Equipment, Net 9,198 8,293
Ameren Illinois Company | Electric Generation Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 0 0
Ameren Illinois Company | Electric distribution equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 5,970 5,649
Ameren Illinois Company | Electric transmission equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 2,647 2,298
Ameren Illinois Company | Gas    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 2,701 2,419
Ameren Illinois Company | Property, Plant and Equipment, Other Types [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 863 757
Construction work in progress 311 252
Ameren Illinois Company | Nuclear Fuel    
Property, Plant and Equipment [Line Items]    
Construction work in progress 0 0
Other    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 1,615 1,409
Accumulated depreciation and amortization 253 246
Property and plant, before construction work in progress 1,362 1,163
Property, Plant and Equipment, Net 1,509 1,422
Other | Electric Generation Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 0 0
Other | Electric distribution equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 0 0
Other | Electric transmission equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 1,385 1,167
Other | Gas    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 0 0
Other | Property, Plant and Equipment, Other Types [Member]    
Property, Plant and Equipment [Line Items]    
Property and plant, at original cost 230 242
Construction work in progress 147 259
Other | Nuclear Fuel    
Property, Plant and Equipment [Line Items]    
Construction work in progress $ 0 $ 0
Minimum | Electric Generation Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 5 years  
Minimum | Electric distribution equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 20 years  
Minimum | Electric transmission equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 50 years  
Minimum | Gas    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 20 years  
Minimum | Property, Plant and Equipment, Other Types [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 5 years  
Maximum | Electric Generation Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 72 years  
Maximum | Electric distribution equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 80 years  
Maximum | Electric transmission equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 75 years  
Maximum | Gas    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 80 years  
Maximum | Property, Plant and Equipment, Other Types [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 55 years  
Maximum | Union Electric Company | Electric Generation Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Useful Life 150 years  
v3.10.0.1
Property And Plant, Net (Accrued Capital Expenditures) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Property, Plant and Equipment [Line Items]      
Accrued capital expenditures $ 272 $ 361 $ 251
Union Electric Company      
Property, Plant and Equipment [Line Items]      
Accrued capital expenditures 121 159 116
Ameren Illinois Company      
Property, Plant and Equipment [Line Items]      
Accrued capital expenditures 138 175 87
Nuclear Fuel      
Property, Plant and Equipment [Line Items]      
Accrued capital expenditures 20 10 20
Nuclear Fuel | Union Electric Company      
Property, Plant and Equipment [Line Items]      
Accrued capital expenditures 20 10 20
Nuclear Fuel | Ameren Illinois Company      
Property, Plant and Equipment [Line Items]      
Accrued capital expenditures $ 0 $ 0 $ 0
v3.10.0.1
Property and Plant, Net (Schedule of Capitalized Software) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Property, Plant and Equipment [Line Items]      
Capitalized Computer Software, Amortization $ 71 $ 58 $ 52
Capitalized Computer Software, Gross 734 655  
Capitalized Computer Software, Accumulated Amortization $ (514) (466)  
Software and Software Development Costs [Member] | Maximum      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Useful Life 10 years    
Software and Software Development Costs [Member] | Minimum      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Useful Life 5 years    
Union Electric Company      
Property, Plant and Equipment [Line Items]      
Capitalized Computer Software, Amortization $ 24 20 17
Capitalized Computer Software, Gross 223 191  
Capitalized Computer Software, Accumulated Amortization (125) (107)  
Ameren Illinois Company      
Property, Plant and Equipment [Line Items]      
Capitalized Computer Software, Amortization 44 36 $ 33
Capitalized Computer Software, Gross 297 241  
Capitalized Computer Software, Accumulated Amortization $ (183) $ (146)  
v3.10.0.1
Short-Term Debt And Liquidity (Narrative) (Details)
12 Months Ended
Dec. 31, 2018
USD ($)
lender
Dec. 31, 2017
Credit Agreements    
Short-term Debt [Line Items]    
Line of credit facility, maximum borrowing capacity $ 1,500,000,000.0  
Covenant terms, default provisions, maximum indebtedness 100,000,000  
Multiyear Credit Facility    
Short-term Debt [Line Items]    
Line of credit facility, maximum borrowing capacity $ 2,100,000,000.0  
Number of lenders | lender 22  
Line of credit facility, maximum borrowing capacity, per lender $ 118,000,000  
Actual debt-to-capital ratio 0.53  
Line of Credit Facility, Commitment Fee Amount $ 100,000,000  
Multiyear Credit Facility | Maximum    
Short-term Debt [Line Items]    
Actual debt-to-capital ratio 0.65  
Illinois Credit Agreement 2012    
Short-term Debt [Line Items]    
Line of credit facility, maximum borrowing capacity $ 1,300,000,000.0  
Missouri Credit Agreement 2012    
Short-term Debt [Line Items]    
Line of credit facility, maximum borrowing capacity 1,200,000,000.0  
Parent Company | Illinois Credit Agreement 2012    
Short-term Debt [Line Items]    
Line of credit facility, maximum borrowing capacity 500,000,000  
Parent Company | Missouri Credit Agreement 2012    
Short-term Debt [Line Items]    
Line of credit facility, maximum borrowing capacity 700,000,000  
Union Electric Company | Missouri Credit Agreement 2012    
Short-term Debt [Line Items]    
Line of credit facility, maximum borrowing capacity $ 800,000,000  
Actual debt-to-capital ratio 0.47  
Ameren Illinois Company | Illinois Credit Agreement 2012    
Short-term Debt [Line Items]    
Line of credit facility, maximum borrowing capacity $ 800,000,000  
Actual debt-to-capital ratio 0.48  
Utilities [Member]    
Short-term Debt [Line Items]    
Short Term Debt, Weighted Average Interest Rate During Period 2.10% 1.19%
v3.10.0.1
Short-Term Debt And Liquidity (Schedule Of Maximum Aggregate Amount Available On Credit Agreements) (Details)
Dec. 31, 2018
USD ($)
Illinois Credit Agreement 2012  
Line of Credit Facility [Line Items]  
Line of credit facility, maximum borrowing capacity $ 1,300,000,000.0
Illinois Credit Agreement 2012 | Parent Company  
Line of Credit Facility [Line Items]  
Line of credit facility, maximum borrowing capacity 500,000,000
Illinois Credit Agreement 2012 | Ameren Illinois Company  
Line of Credit Facility [Line Items]  
Line of credit facility, maximum borrowing capacity 800,000,000
Missouri Credit Agreement 2012  
Line of Credit Facility [Line Items]  
Line of credit facility, maximum borrowing capacity 1,200,000,000.0
Missouri Credit Agreement 2012 | Parent Company  
Line of Credit Facility [Line Items]  
Line of credit facility, maximum borrowing capacity 700,000,000
Missouri Credit Agreement 2012 | Union Electric Company  
Line of Credit Facility [Line Items]  
Line of credit facility, maximum borrowing capacity $ 800,000,000
v3.10.0.1
Short-Term Debt And Liquidity (Commercial Paper) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Short-term Debt [Line Items]    
Average Daily Commercial Paper Borrowings Outstanding $ 579 $ 668
Short-term debt $ 597 $ 484
Short-term Debt, Weighted Average Interest Rate, at Point in Time 2.26% 1.31%
Peak short-term borrowings $ 1,295 $ 948
Peak short-term borrowings interest rate 3.10% 2.00%
Parent Company    
Short-term Debt [Line Items]    
Average Daily Commercial Paper Borrowings Outstanding $ 410 $ 573
Short-term debt $ 470 $ 383
Short-term Debt, Weighted Average Interest Rate, at Point in Time 2.31% 1.30%
Peak short-term borrowings $ 543 $ 841
Peak short-term borrowings interest rate 3.10% 1.90%
Union Electric Company    
Short-term Debt [Line Items]    
Average Daily Commercial Paper Borrowings Outstanding $ 61 $ 5
Short-term debt $ 55 $ 39
Short-term Debt, Weighted Average Interest Rate, at Point in Time 1.94% 1.24%
Peak short-term borrowings $ 481 $ 64
Peak short-term borrowings interest rate 2.80% 1.78%
Ameren Illinois Company    
Short-term Debt [Line Items]    
Average Daily Commercial Paper Borrowings Outstanding $ 108 $ 90
Short-term debt $ 72 $ 62
Short-term Debt, Weighted Average Interest Rate, at Point in Time 2.26% 1.35%
Peak short-term borrowings $ 442 $ 469
Peak short-term borrowings interest rate 2.85% 2.00%
v3.10.0.1
Long-Term Debt And Equity Financings (Narrative) (Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Long-Term Debt And Equity Financings [Line Items]        
Preferred stock, authorized (in shares)   100,000,000    
Stock Issued During Period, Shares, New Issues   1,200,000 0 0
Stock Issued During Period, Shares, Other   700,000 0 0
Stock Issued   $ 35,000,000    
Common Stock, Shares Authorized Under 401(k) Plan   4,000,000    
Proceeds from Issuance of Common Stock   $ 74,000,000 $ 0 $ 0
Preferred stock, par value (in dollars per share)   $ 0.01    
Preferred stock, shares outstanding (in shares)   0    
Common stock, shares authorized   6,000,000    
Restricted Cash and Cash Equivalents   $ 1,000,000 8,000,000  
Repayments of Other Long-term Debt   841,000,000 681,000,000 395,000,000
Debt Default Provision Excess   $ 25,000,000    
Union Electric Company        
Long-Term Debt And Equity Financings [Line Items]        
Preferred stock, authorized (in shares)   7,500,000.0    
Preferred stock, par value (in dollars per share)   $ 1    
Repayments of Other Long-term Debt   $ 384,000,000 431,000,000 266,000,000
Ameren Illinois Company        
Long-Term Debt And Equity Financings [Line Items]        
Preferred stock, authorized (in shares)   2,600,000.0    
Repayments of Other Long-term Debt   $ 457,000,000 250,000,000 $ 129,000,000
Common stock equity to capitalization ratio   51.00%    
Ameren Missouri and Ameren Illinois        
Long-Term Debt And Equity Financings [Line Items]        
Bonds interest rate assumption   5.00%    
Dividend rate on preferred shares, percentage   6.00%    
Senior Secured Notes, 2.95%, Due 2027 | Union Electric Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 400,000,000 400,000,000  
Long-term debt interest rate   2.95%    
Proceeds from issuance of secured debt   $ 396,000,000    
6.40% Senior secured notes due 2017 | Union Electric Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Long-term debt interest rate   6.40%    
Repayments of Other Long-term Debt   $ 425,000,000    
Senior Secured Notes, 3.65%, Due 2045 | Union Electric Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 400,000,000 400,000,000  
Long-term debt interest rate   3.65%    
Senior Secured Notes, 3.70%, Due 2047 | Ameren Illinois Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount $ 500,000,000 $ 500,000,000 500,000,000  
Long-term debt interest rate 3.70% 3.70%    
Proceeds from issuance of secured debt $ 492,000,000      
Senior Secured Notes6125 Due2017 | Ameren Illinois Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Long-term debt interest rate 6.125%      
Repayments of Other Long-term Debt $ 250,000,000      
Senior Secured Notes, 4.15%, Due 2046 | Ameren Illinois Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 490,000,000 490,000,000  
Long-term debt interest rate   4.15%    
Senior Unsecured Notes, 3.43%, Due 2050 | Ameren Transmission Company of Illinois | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Long-term debt interest rate   3.43%    
Senior Unsecured Notes, 3.43%, Due 2050 | Ameren Transmission Company of Illinois | Unsecured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 300,000,000 450,000,000  
Long-term debt interest rate   3.43%    
Proceeds from Issuance of Unsecured Debt   $ 449,000,000    
Ratio of Indebtedness to Net Capital   0.70    
Ratio of Indebtedness to Total Assets   0.10    
Series 1993 5.90% Due 2023 | Ameren Illinois Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 1,000,000    
Long-term debt interest rate   5.90%    
First Mortgage Bonds, 4.00%, Due 2048 - $425 Issuance [Member] | Union Electric Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 425,000,000 0  
Long-term debt interest rate   4.00%    
Proceeds from issuance of secured debt   $ 419,000,000    
6.00% Senior secured notes due 2018 | Union Electric Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 0 179,000,000  
Long-term debt interest rate   6.00%    
Repayments of Other Long-term Debt   $ 179,000,000    
Senior Secured Notes 5.10% Due 2018 [Member] | Union Electric Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Long-term debt interest rate   5.10%    
Repayments of Other Long-term Debt   $ 199,000,000    
First Mortgage Bonds, 3.80%, Due 2028 [Member] | Ameren Illinois Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 430,000,000 0  
Long-term debt interest rate   3.80%    
Proceeds from issuance of secured debt   $ 427,000,000    
Senior Secured Notes 6.25% Due 2018 | Ameren Illinois Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 0 144,000,000  
Long-term debt interest rate   6.25%    
Repayments of Other Long-term Debt   $ 144,000,000    
First Mortgage Bonds, 4.50%, Due 2049 [Member] | Ameren Illinois Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 500,000,000 0  
Long-term debt interest rate   4.50%    
Proceeds from issuance of secured debt   $ 495,000,000    
Senior Secured Notes 9.75% Due 2018 | Ameren Illinois Company | Secured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 0 $ 313,000,000  
Long-term debt interest rate   9.75%    
Repayments of Other Long-term Debt   $ 313,000,000    
Maximum | Senior Unsecured Notes, 3.43%, Due 2050 | Ameren Transmission Company of Illinois | Unsecured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 450,000,000    
Minimum | Ameren Illinois Company        
Long-Term Debt And Equity Financings [Line Items]        
Common stock equity to capitalization ratio   30.00%    
Minimum | Senior Unsecured Notes, 3.43%, Due 2050 | Ameren Transmission Company of Illinois | Unsecured Debt        
Long-Term Debt And Equity Financings [Line Items]        
Debt instrument face amount   $ 150,000,000    
v3.10.0.1
Long-Term Debt And Equity Financings (Schedule Of Long-Term Debt Outstanding) (Details) - USD ($)
12 Months Ended
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Debt Instrument [Line Items]      
Less: Maturities due within one year $ (580,000,000)   $ (841,000,000)
Long-term Debt, Net 7,859,000,000   7,094,000,000
2022 505,000,000    
Thereafter 6,734,000,000    
Ameren (parent)      
Debt Instrument [Line Items]      
Long-term debt, gross 700,000,000   700,000,000
Debt Issuance Costs, Net (3,000,000)   (4,000,000)
Long-term Debt, Net 697,000,000   696,000,000
Thereafter 350,000,000    
Union Electric Company      
Debt Instrument [Line Items]      
Long-term debt, gross 4,029,000,000   3,988,000,000
Less: Unamortized discount and premium (9,000,000)   (7,000,000)
Debt Issuance Costs, Net (22,000,000)   (20,000,000)
Less: Maturities due within one year (580,000,000)   (384,000,000)
Long-term Debt, Net 3,418,000,000   3,577,000,000
2022 55,000,000    
Thereafter 3,054,000,000    
Union Electric Company | City Of Bowling Green Capital Lease Peno Creek Ct      
Debt Instrument [Line Items]      
Capital Lease Obligations 30,000,000   36,000,000
Union Electric Company | Audrain County Capital Lease Audrain County Ct      
Debt Instrument [Line Items]      
Capital Lease Obligations 240,000,000   240,000,000
Ameren Illinois Company      
Debt Instrument [Line Items]      
Long-term debt, gross 3,330,000,000   2,857,000,000
Less: Unamortized discount and premium (3,000,000)   (3,000,000)
Debt Issuance Costs, Net (31,000,000)   (24,000,000)
Less: Maturities due within one year 0   (457,000,000)
Long-term Debt, Net 3,296,000,000   2,373,000,000
2022 400,000,000    
Thereafter 2,930,000,000    
Ameren Transmission Company of Illinois      
Debt Instrument [Line Items]      
Long-term debt, gross 450,000,000   450,000,000
Debt Issuance Costs, Net (2,000,000)   (2,000,000)
Long-term Debt, Net 448,000,000   448,000,000
2022 50,000,000    
Thereafter 400,000,000    
Unsecured Debt | Ameren (parent) | Senior Unsecured Notes270 due 2020      
Debt Instrument [Line Items]      
Debt instrument face amount $ 350,000,000   350,000,000
Long-term debt interest rate 2.70%    
Unsecured Debt | Ameren (parent) | Senior Unsecured Notes365 due 2026      
Debt Instrument [Line Items]      
Debt instrument face amount $ 350,000,000   350,000,000
Long-term debt interest rate 3.65%    
Unsecured Debt | Ameren Transmission Company of Illinois | Senior Unsecured Notes, 3.43%, Due 2050      
Debt Instrument [Line Items]      
Debt instrument face amount $ 300,000,000   450,000,000
Long-term debt interest rate 3.43%    
Secured Debt | Union Electric Company | 6.40% Senior secured notes due 2017      
Debt Instrument [Line Items]      
Long-term debt interest rate 6.40%    
Secured Debt | Union Electric Company | 6.00% Senior secured notes due 2018      
Debt Instrument [Line Items]      
Debt instrument face amount $ 0   179,000,000
Long-term debt interest rate 6.00%    
Secured Debt | Union Electric Company | 5.10% Senior secured notes due 2018      
Debt Instrument [Line Items]      
Debt instrument face amount $ 0   199,000,000
Long-term debt interest rate 5.10%    
Secured Debt | Union Electric Company | 6.70% Senior secured notes due 2019      
Debt Instrument [Line Items]      
Debt instrument face amount $ 329,000,000   329,000,000
Long-term debt interest rate 6.70%    
Secured Debt | Union Electric Company | 5.10% Senior secured notes due 2019      
Debt Instrument [Line Items]      
Debt instrument face amount $ 244,000,000   244,000,000
Long-term debt interest rate 5.10%    
Secured Debt | Union Electric Company | 5.00% Senior secured notes due 2020      
Debt Instrument [Line Items]      
Debt instrument face amount $ 85,000,000   85,000,000
Long-term debt interest rate 5.00%    
Secured Debt | Union Electric Company | Senior Secured Notes350 Due2024      
Debt Instrument [Line Items]      
Debt instrument face amount $ 350,000,000   350,000,000
Long-term debt interest rate 3.50%    
Secured Debt | Union Electric Company | Senior Secured Notes, 2.95%, Due 2027      
Debt Instrument [Line Items]      
Debt instrument face amount $ 400,000,000   400,000,000
Long-term debt interest rate 2.95%    
Secured Debt | Union Electric Company | 5.50% Senior secured notes due 2034      
Debt Instrument [Line Items]      
Debt instrument face amount $ 184,000,000   184,000,000
Long-term debt interest rate 5.50%    
Secured Debt | Union Electric Company | 5.30% Senior secured notes due 2037      
Debt Instrument [Line Items]      
Debt instrument face amount $ 300,000,000   300,000,000
Long-term debt interest rate 5.30%    
Secured Debt | Union Electric Company | 8.45% Senior secured notes due 2039      
Debt Instrument [Line Items]      
Debt instrument face amount $ 350,000,000   350,000,000
Long-term debt interest rate 8.45%    
Secured Debt | Union Electric Company | 3.90% Senior secured notes due 2042      
Debt Instrument [Line Items]      
Debt instrument face amount $ 485,000,000   485,000,000
Long-term debt interest rate 3.90%    
Secured Debt | Union Electric Company | Senior Secured Notes, 3.65%, Due 2045      
Debt Instrument [Line Items]      
Debt instrument face amount $ 400,000,000   400,000,000
Long-term debt interest rate 3.65%    
Secured Debt | Union Electric Company | First Mortgage Bonds, 4.00%, Due 2048 - $425 Issuance [Member]      
Debt Instrument [Line Items]      
Debt instrument face amount $ 425,000,000   0
Long-term debt interest rate 4.00%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes6125 Due2017      
Debt Instrument [Line Items]      
Long-term debt interest rate   6.125%  
Secured Debt | Ameren Illinois Company | Senior Secured Notes 6.25% Due 2018      
Debt Instrument [Line Items]      
Debt instrument face amount $ 0   144,000,000
Long-term debt interest rate 6.25%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes 9.75% Due 2018      
Debt Instrument [Line Items]      
Debt instrument face amount $ 0   313,000,000
Long-term debt interest rate 9.75%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes, 2.70%, Due 2022      
Debt Instrument [Line Items]      
Debt instrument face amount $ 400,000,000   400,000,000
Long-term debt interest rate 2.70%    
Secured Debt | Ameren Illinois Company | Series 1993 5.90% Due 2023      
Debt Instrument [Line Items]      
Debt instrument face amount $ 1,000,000    
Long-term debt interest rate 5.90%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes, 3.25%, Due 2025      
Debt Instrument [Line Items]      
Debt instrument face amount $ 300,000,000   300,000,000
Long-term debt interest rate 3.25%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes 6.125% Due 2028      
Debt Instrument [Line Items]      
Debt instrument face amount $ 60,000,000   60,000,000
Long-term debt interest rate 6.125%    
Secured Debt | Ameren Illinois Company | First Mortgage Bonds, 3.80%, Due 2028 [Member]      
Debt Instrument [Line Items]      
Debt instrument face amount $ 430,000,000   0
Long-term debt interest rate 3.80%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes 6.70% Due 2036      
Debt Instrument [Line Items]      
Debt instrument face amount $ 61,000,000   61,000,000
Long-term debt interest rate 6.70%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes 6.70% Due 2036      
Debt Instrument [Line Items]      
Debt instrument face amount $ 42,000,000   42,000,000
Long-term debt interest rate 6.70%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes 4.80% Due 2043      
Debt Instrument [Line Items]      
Debt instrument face amount $ 280,000,000   280,000,000
Long-term debt interest rate 4.80%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes 4.30% Due 2044      
Debt Instrument [Line Items]      
Debt instrument face amount $ 250,000,000   250,000,000
Long-term debt interest rate 4.30%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes, 4.15%, Due 2046      
Debt Instrument [Line Items]      
Debt instrument face amount $ 490,000,000   490,000,000
Long-term debt interest rate 4.15%    
Secured Debt | Ameren Illinois Company | Senior Secured Notes, 3.70%, Due 2047      
Debt Instrument [Line Items]      
Debt instrument face amount $ 500,000,000 $ 500,000,000 500,000,000
Long-term debt interest rate 3.70% 3.70%  
Secured Debt | Ameren Illinois Company | First Mortgage Bonds, 4.50%, Due 2049 [Member]      
Debt Instrument [Line Items]      
Debt instrument face amount $ 500,000,000   0
Long-term debt interest rate 4.50%    
Secured Debt | Ameren Transmission Company of Illinois | Senior Unsecured Notes, 3.43%, Due 2050      
Debt Instrument [Line Items]      
Long-term debt interest rate 3.43%    
Environmental Improvement And Pollution Control Revenue Bonds | Union Electric Company | 1992 Series due 2022      
Debt Instrument [Line Items]      
Debt instrument face amount $ 47,000,000   47,000,000
Environmental Improvement And Pollution Control Revenue Bonds | Union Electric Company | Series1993 Due2028      
Debt Instrument [Line Items]      
Debt instrument face amount $ 1,000,000    
Long-term debt interest rate 5.45%    
Environmental Improvement And Pollution Control Revenue Bonds | Union Electric Company | 1998 Series A due 2033      
Debt Instrument [Line Items]      
Debt instrument face amount $ 60,000,000   60,000,000
Environmental Improvement And Pollution Control Revenue Bonds | Union Electric Company | 1998 Series B due 2033      
Debt Instrument [Line Items]      
Debt instrument face amount 50,000,000   50,000,000
Environmental Improvement And Pollution Control Revenue Bonds | Union Electric Company | 1998 Series C due 2033      
Debt Instrument [Line Items]      
Debt instrument face amount 50,000,000   50,000,000
Environmental Improvement And Pollution Control Revenue Bonds | Ameren Illinois Company | Series 1993 5.90% Due 2023      
Debt Instrument [Line Items]      
Debt instrument face amount $ 1,000,000   1,000,000
Long-term debt interest rate 5.90%    
Redemption price, percentage 100.00%    
Environmental Improvement And Pollution Control Revenue Bonds | Ameren Illinois Company | Series 1994 A 5.70% Due 2024      
Debt Instrument [Line Items]      
Debt instrument face amount $ 1,000,000   1,000,000
Long-term debt interest rate 5.70%    
Environmental Improvement And Pollution Control Revenue Bonds | Ameren Illinois Company | Series B-1 1993 Due 2028      
Debt Instrument [Line Items]      
Debt instrument face amount $ 17,000,000   17,000,000
Redemption price, percentage 100.00%    
Capital Lease Obligations [Member] | Union Electric Company      
Debt Instrument [Line Items]      
Debt Securities, Held-to-maturity $ 270,000,000   $ 276,000,000
Maximum | Unsecured Debt | Ameren Transmission Company of Illinois | Senior Unsecured Notes, 3.43%, Due 2050      
Debt Instrument [Line Items]      
Debt instrument face amount $ 450,000,000    
Maximum | Environmental Improvement And Pollution Control Revenue Bonds | Union Electric Company | 1992 Series due 2022      
Debt Instrument [Line Items]      
Long-term debt interest rate 18.00%    
Maximum | Environmental Improvement And Pollution Control Revenue Bonds | Union Electric Company | 1998 Series A due 2033      
Debt Instrument [Line Items]      
Long-term debt interest rate 18.00%    
Maximum | Environmental Improvement And Pollution Control Revenue Bonds | Union Electric Company | 1998 Series B due 2033      
Debt Instrument [Line Items]      
Long-term debt interest rate 18.00%    
Maximum | Environmental Improvement And Pollution Control Revenue Bonds | Union Electric Company | 1998 Series C due 2033      
Debt Instrument [Line Items]      
Long-term debt interest rate 18.00%    
Debt Instrument, Redemption, Period One | Unsecured Debt | Ameren Transmission Company of Illinois      
Debt Instrument [Line Items]      
2022 $ 49,500,000    
Debt Instrument, Redemption, Period Two | Unsecured Debt | Ameren Transmission Company of Illinois      
Debt Instrument [Line Items]      
Thereafter 49,500,000    
Debt Instrument, Redemption, Period Three | Unsecured Debt | Ameren Transmission Company of Illinois      
Debt Instrument [Line Items]      
Thereafter 49,500,000    
Debt Instrument, Redemption, Period Four | Unsecured Debt | Ameren Transmission Company of Illinois      
Debt Instrument [Line Items]      
Thereafter 49,500,000    
Debt Instrument, Redemption, Period Five | Unsecured Debt | Ameren Transmission Company of Illinois      
Debt Instrument [Line Items]      
Thereafter 49,500,000    
Debt Instrument, Redemption, Period Six | Unsecured Debt | Ameren Transmission Company of Illinois      
Debt Instrument [Line Items]      
Thereafter 49,500,000    
Debt Instrument, Redemption, Period Seven | Unsecured Debt | Ameren Transmission Company of Illinois      
Debt Instrument [Line Items]      
Thereafter 76,500,000    
Debt Instrument, Redemption, Period Eight | Unsecured Debt | Ameren Transmission Company of Illinois      
Debt Instrument [Line Items]      
Thereafter $ 76,500,000    
v3.10.0.1
Long-Term Debt And Equity Financings (Schedule Of Average Interest Rates) (Details)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
1998 Series A due 2033 | Union Electric Company    
Debt Instrument [Line Items]    
Debt instrument, interest rate during period 2.76% 1.77%
1998 Series B due 2033 | Union Electric Company    
Debt Instrument [Line Items]    
Debt instrument, interest rate during period 2.79% 1.75%
1998 Series C due 2033 | Union Electric Company    
Debt Instrument [Line Items]    
Debt instrument, interest rate during period 2.83% 1.73%
Series B-1 1993 Due 2028 | Ameren Illinois Company    
Debt Instrument [Line Items]    
Debt instrument, interest rate during period 1.58% 1.08%
1992 Series due 2022 | Union Electric Company    
Debt Instrument [Line Items]    
Debt instrument, interest rate during period 2.37% 1.43%
v3.10.0.1
Long-Term Debt And Equity Financings (Schedule Of Maturities Of Long-Term Debt) (Details)
$ in Millions
Dec. 31, 2018
USD ($)
Debt Instrument [Line Items]  
2019 $ 580
2020 442
2021 8
2022 505
2023 240
Thereafter 6,734
Total 8,509
Ameren (parent)  
Debt Instrument [Line Items]  
2020 350
Thereafter 350
Total 700
Debt Instrument, Unamortized Discount or Premium and Debt Issuance Costs 3
Union Electric Company  
Debt Instrument [Line Items]  
2019 580
2020 92
2021 8
2022 55
2023 240
Thereafter 3,054
Total 4,029
Debt Instrument, Unamortized Discount or Premium and Debt Issuance Costs 31
Ameren Illinois Company  
Debt Instrument [Line Items]  
2022 400
Thereafter 2,930
Total 3,330
Debt Instrument, Unamortized Discount or Premium and Debt Issuance Costs 34
Ameren Transmission Company of Illinois  
Debt Instrument [Line Items]  
2022 50
Thereafter 400
Total 450
Debt Instrument, Unamortized Discount or Premium and Debt Issuance Costs $ 2
v3.10.0.1
Long-Term Debt And Equity Financings (Schedule Of Outstanding Preferred Stock) (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Long-Term Debt And Equity Financings [Line Items]    
Preferred stock, par value (in dollars per share) $ 0.01  
Preferred stock, authorized (in shares) 100,000,000  
Preferred stock, shares outstanding (in shares) 0  
Preferred stock, voluntary liquidation (in dollars per share) $ 105.50  
Union Electric Company and Ameren Illinois [Member]    
Long-Term Debt And Equity Financings [Line Items]    
Preferred stock, issued (in shares) $ 142 $ 142
Union Electric Company    
Long-Term Debt And Equity Financings [Line Items]    
Preferred stock, par value (in dollars per share) $ 1  
Preferred stock, authorized (in shares) 7,500,000.0  
Preferred stock, issued (in shares) $ 80 80
Union Electric Company | Par Value $100    
Long-Term Debt And Equity Financings [Line Items]    
Preferred stock, par value (in dollars per share) $ 100  
Preferred stock, authorized (in shares) 25,000,000  
Union Electric Company | $3.50 Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, per-dollar amount (in dollars per share) $ 3.50  
Preferred stock, shares outstanding (in shares) 130,000  
Preferred stock, redemption price per share (in dollars per share) $ 110.00  
Preferred stock, issued (in shares) $ 13 13
Union Electric Company | $3.70 Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, per-dollar amount (in dollars per share) $ 3.70  
Preferred stock, shares outstanding (in shares) 40,000  
Preferred stock, redemption price per share (in dollars per share) $ 104.75  
Preferred stock, issued (in shares) $ 4 4
Union Electric Company | $4.00 Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, per-dollar amount (in dollars per share) $ 4.00  
Preferred stock, shares outstanding (in shares) 150,000  
Preferred stock, redemption price per share (in dollars per share) $ 105.625  
Preferred stock, issued (in shares) $ 15 15
Union Electric Company | $4.30 Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, per-dollar amount (in dollars per share) $ 4.30  
Preferred stock, shares outstanding (in shares) 40,000  
Preferred stock, redemption price per share (in dollars per share) $ 105.00  
Preferred stock, issued (in shares) $ 4 4
Union Electric Company | $4.50 Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, per-dollar amount (in dollars per share) $ 4.50  
Preferred stock, shares outstanding (in shares) 213,595  
Preferred stock, redemption price per share (in dollars per share) $ 110.00  
Preferred stock, issued (in shares) $ 21 21
Union Electric Company | $4.56 Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, per-dollar amount (in dollars per share) $ 4.56  
Preferred stock, shares outstanding (in shares) 200,000  
Preferred stock, redemption price per share (in dollars per share) $ 102.47  
Preferred stock, issued (in shares) $ 20 20
Union Electric Company | $4.75 Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, per-dollar amount (in dollars per share) $ 4.75  
Preferred stock, shares outstanding (in shares) 20,000  
Preferred stock, redemption price per share (in dollars per share) $ 102.176  
Preferred stock, issued (in shares) $ 2 2
Union Electric Company | $5.50 Series A    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, per-dollar amount (in dollars per share) $ 5.50  
Preferred stock, shares outstanding (in shares) 14,000  
Preferred stock, redemption price per share (in dollars per share) $ 110.00  
Preferred stock, issued (in shares) $ 1 1
Ameren Illinois Company    
Long-Term Debt And Equity Financings [Line Items]    
Preferred stock, authorized (in shares) 2,600,000.0  
Preferred stock, issued (in shares) $ 62 62
Ameren Illinois Company | Par Value $100    
Long-Term Debt And Equity Financings [Line Items]    
Preferred stock, par value (in dollars per share) $ 100  
Preferred stock, authorized (in shares) 2,000,000  
Ameren Illinois Company | 4.00% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 4.00%  
Preferred stock, shares outstanding (in shares) 144,275  
Preferred stock, redemption price per share (in dollars per share) $ 101.00  
Preferred stock, issued (in shares) $ 14 14
Ameren Illinois Company | 4.08% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 4.08%  
Preferred stock, shares outstanding (in shares) 45,224  
Preferred stock, redemption price per share (in dollars per share) $ 103.00  
Preferred stock, issued (in shares) $ 5 5
Ameren Illinois Company | 4.20% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 4.20%  
Preferred stock, shares outstanding (in shares) 23,655  
Preferred stock, redemption price per share (in dollars per share) $ 104.00  
Preferred stock, issued (in shares) $ 2 2
Ameren Illinois Company | 4.25% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 4.25%  
Preferred stock, shares outstanding (in shares) 50,000  
Preferred stock, redemption price per share (in dollars per share) $ 102.00  
Preferred stock, issued (in shares) $ 5 5
Ameren Illinois Company | 4.26% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 4.26%  
Preferred stock, shares outstanding (in shares) 16,621  
Preferred stock, redemption price per share (in dollars per share) $ 103.00  
Preferred stock, issued (in shares) $ 2 2
Ameren Illinois Company | 4.42% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 4.42%  
Preferred stock, shares outstanding (in shares) 16,190  
Preferred stock, redemption price per share (in dollars per share) $ 103.00  
Preferred stock, issued (in shares) $ 2 2
Ameren Illinois Company | 4.70% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 4.70%  
Preferred stock, shares outstanding (in shares) 18,429  
Preferred stock, redemption price per share (in dollars per share) $ 103.00  
Preferred stock, issued (in shares) $ 2 2
Ameren Illinois Company | 4.90% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 4.90%  
Preferred stock, shares outstanding (in shares) 73,825  
Preferred stock, redemption price per share (in dollars per share) $ 102.00  
Preferred stock, issued (in shares) $ 7 7
Ameren Illinois Company | 4.92% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 4.92%  
Preferred stock, shares outstanding (in shares) 49,289  
Preferred stock, redemption price per share (in dollars per share) $ 103.50  
Preferred stock, issued (in shares) $ 5 5
Ameren Illinois Company | 5.16% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 5.16%  
Preferred stock, shares outstanding (in shares) 50,000  
Preferred stock, redemption price per share (in dollars per share) $ 102.00  
Preferred stock, issued (in shares) $ 5 5
Ameren Illinois Company | 6.625% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 6.625%  
Preferred stock, shares outstanding (in shares) 124,274  
Preferred stock, redemption price per share (in dollars per share) $ 100.00  
Preferred stock, issued (in shares) $ 12 12
Ameren Illinois Company | 7.75% Series    
Long-Term Debt And Equity Financings [Line Items]    
Dividend rate on preferred shares, percentage 7.75%  
Preferred stock, shares outstanding (in shares) 4,542  
Preferred stock, redemption price per share (in dollars per share) $ 100.00  
Preferred stock, issued (in shares) $ 1 $ 1
v3.10.0.1
Long-Term Debt and Equity Financings (Schedule of Required and Actual Debt Ratios) (Details)
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Union Electric Company  
Debt Instrument [Line Items]  
Bonds Issuable Based On Coverage Ratio $ 4,688
Preferred Stock Issuable Based On Coverage Ratio 3,153
Retired Bond Capacity $ 2,006
Union Electric Company | Actual Interest Coverage Ratio  
Debt Instrument [Line Items]  
Interest Coverage Ratio 5.5
Dividend Coverage Ratio 140.8
Ameren Illinois Company  
Debt Instrument [Line Items]  
Bonds Issuable Based On Coverage Ratio $ 4,234
Preferred Stock Issuable Based On Coverage Ratio 203
Retired Bond Capacity $ 985
Ameren Illinois Company | Actual Interest Coverage Ratio  
Debt Instrument [Line Items]  
Interest Coverage Ratio 6.9
Dividend Coverage Ratio 3.2
Minimum | Union Electric Company | Required Dividend Coverage Ratio  
Debt Instrument [Line Items]  
Interest Coverage Ratio 2.0
Dividend Coverage Ratio 2.5
Minimum | Ameren Illinois Company | Required Dividend Coverage Ratio  
Debt Instrument [Line Items]  
Interest Coverage Ratio 2.0
Dividend Coverage Ratio 1.5
v3.10.0.1
Other Income, Net (Other Income And Expenses) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Other Nonoperating Income (Expense) [Line Items]        
Allowance for equity funds used during construction   $ 36 $ 24 $ 27
Interest income on industrial development revenue bonds   26 26 27
Interest and dividend income   7 8 13
Defined Benefit Plan, Non-service Cost or Income Components   70 44 56
Other   8 5 10
Donations   (33) (8) (16)
Other   (12) (13) (16)
Other Nonoperating Income (Expense)   102 86 101
Union Electric Company        
Other Nonoperating Income (Expense) [Line Items]        
Defined Benefit Plan, Non-service Cost or Income Components - Tracker $ 17      
Allowance for equity funds used during construction   27 21 23
Interest income on industrial development revenue bonds   26 26 27
Interest and dividend income   2 1 1
Defined Benefit Plan, Non-service Cost or Income Components   17 22 18
Other   4 3 3
Donations   (14) (2) (4)
Other   (6) (6) (6)
Other Nonoperating Income (Expense)   56 65 62
Ameren Illinois Company        
Other Nonoperating Income (Expense) [Line Items]        
Allowance for equity funds used during construction   9 3 4
Interest and dividend income   6 7 12
Defined Benefit Plan, Non-service Cost or Income Components   34 10 24
Other   3 2 6
Donations   (6) (5) (6)
Other   (4) (5) (6)
Other Nonoperating Income (Expense)   $ 42 $ 12 $ 34
v3.10.0.1
Derivative Financial Instruments (Open Gross Derivative Volumes By Commodity Type) (Details)
gal in Millions, MWh in Millions, MMBTU in Millions
Dec. 31, 2018
MWh
gal
MMBTU
Dec. 31, 2017
MWh
gal
MMBTU
Fuel Oils    
Derivative [Line Items]    
Quantity | gal 66 28
Natural gas    
Derivative [Line Items]    
Quantity | MMBTU 173 163
Power    
Derivative [Line Items]    
Quantity | MWh 9 12
Union Electric Company | Fuel Oils    
Derivative [Line Items]    
Quantity | gal 66 28
Union Electric Company | Natural gas    
Derivative [Line Items]    
Quantity | MMBTU 19 24
Union Electric Company | Power    
Derivative [Line Items]    
Quantity | MWh 1 3
Ameren Illinois Company | Natural gas    
Derivative [Line Items]    
Quantity | MMBTU 154 139
Ameren Illinois Company | Power    
Derivative [Line Items]    
Quantity | MWh 8 9
v3.10.0.1
Derivative Financial Instruments (Derivative Instruments Carrying Value) (Details) - Not Designated As Hedging Instrument - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Derivative [Line Items]    
Derivative assets $ 15 $ 17
Derivative liabilities 219 226
Fuel Oils | Other current assets    
Derivative [Line Items]    
Derivative assets 3 5
Fuel Oils | Other assets    
Derivative [Line Items]    
Derivative assets 5 2
Fuel Oils | Other current liabilities    
Derivative [Line Items]    
Derivative liabilities 4 0
Fuel Oils | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative liabilities 9 0
Natural gas | Other current assets    
Derivative [Line Items]    
Derivative assets 1 0
Natural gas | Other assets    
Derivative [Line Items]    
Derivative assets 2 1
Natural gas | Other current liabilities    
Derivative [Line Items]    
Derivative liabilities 12 17
Natural gas | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative liabilities 7 13
Power | Other current assets    
Derivative [Line Items]    
Derivative assets 4 9
Power | Other current liabilities    
Derivative [Line Items]    
Derivative liabilities 18 14
Power | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative liabilities 169 182
Union Electric Company    
Derivative [Line Items]    
Derivative assets 12 17
Derivative liabilities 22 9
Union Electric Company | Fuel Oils | Other current assets    
Derivative [Line Items]    
Derivative assets 3 5
Union Electric Company | Fuel Oils | Other assets    
Derivative [Line Items]    
Derivative assets 5 2
Union Electric Company | Fuel Oils | Other current liabilities    
Derivative [Line Items]    
Derivative liabilities 4 0
Union Electric Company | Fuel Oils | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative liabilities 9 0
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 1
Union Electric Company | Natural gas | Other current liabilities    
Derivative [Line Items]    
Derivative liabilities 4 5
Union Electric Company | Natural gas | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative liabilities 1 3
Union Electric Company | Power | Other current assets    
Derivative [Line Items]    
Derivative assets 4 9
Union Electric Company | Power | Other current liabilities    
Derivative [Line Items]    
Derivative liabilities 4 1
Union Electric Company | Power | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative liabilities 0 0
Ameren Illinois Company    
Derivative [Line Items]    
Derivative assets 3 0
Derivative liabilities 197 217
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 1 0
Ameren Illinois Company | Natural gas | Other assets    
Derivative [Line Items]    
Derivative assets 2 0
Ameren Illinois Company | Natural gas | Other current liabilities    
Derivative [Line Items]    
Derivative liabilities 8 12
Ameren Illinois Company | Natural gas | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative liabilities 6 10
Ameren Illinois Company | Power | Other current assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Power | Other current liabilities    
Derivative [Line Items]    
Derivative liabilities 14 13
Ameren Illinois Company | Power | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative liabilities $ 169 $ 182
v3.10.0.1
Derivative Financial Instruments (Derivative Instruments With Credit Risk-Related Contingent Features) (Details)
$ in Millions
Dec. 31, 2018
USD ($)
Derivative [Line Items]  
Aggregate Fair Value of Derivative Liabilities $ 113
Cash Collateral Posted 4
Potential Aggregate Amount of Additional Collateral Required 94
Union Electric Company  
Derivative [Line Items]  
Aggregate Fair Value of Derivative Liabilities 76
Cash Collateral Posted 4
Potential Aggregate Amount of Additional Collateral Required 64
Ameren Illinois Company  
Derivative [Line Items]  
Aggregate Fair Value of Derivative Liabilities 37
Cash Collateral Posted 0
Potential Aggregate Amount of Additional Collateral Required $ 30
v3.10.0.1
Fair Value Measurements (Schedule of Valuation Process and Unobservable Inputs) (Details) - Power
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
$ / MMBTU
$ / MWh
Dec. 31, 2017
USD ($)
$ / MMBTU
$ / MWh
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative assets | $ $ 4 $ 9
Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Average bid/ask consensus peak and off-peak pricing 23 24
Nodal basis (9) (10)
Minimum | Fundamental Energy Production Model    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Escalation rate 4.00% 5.00%
Estimated future gas prices | $ / MMBTU 3 3
Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Average bid/ask consensus peak and off-peak pricing 39 46
Nodal basis 0 0
Maximum | Fundamental Energy Production Model    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Escalation rate 5.00% 5.00%
Estimated future gas prices | $ / MMBTU 4 4
Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Average bid/ask consensus peak and off-peak pricing 28 28
Nodal basis (2) (2)
Weighted Average | Fundamental Energy Production Model    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Escalation rate 4.00% 5.00%
Estimated future gas prices | $ / MMBTU 3 3
Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative assets | $ $ 3 $ 8
Derivative Liability, Fair Value, Gross Asset | $ $ (186) $ (196)
v3.10.0.1
Fair Value Measurements (Schedule Of Fair Value Hierarchy Of Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund $ 679 $ 700
Assets 694 717
Excluded receivables, payables, and accrued income, net 5 4
Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 427 468
Assets 428 472
Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 252 232
Assets 255 233
Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Assets 11 12
Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 15 17
Derivative liabilities 219 226
Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 4
Derivative liabilities 2 1
Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 3 1
Derivative liabilities 16 25
Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 11 12
Derivative liabilities 201 200
Fuel Oils    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 8 7
Derivative liabilities 13 0
Fuel Oils | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 4
Derivative liabilities 2 0
Fuel Oils | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Fuel Oils | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 7 3
Derivative liabilities 11 0
Natural gas    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 3 1
Derivative liabilities 19 30
Natural gas | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 1
Natural gas | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 2 0
Derivative liabilities 15 25
Natural gas | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 1
Derivative liabilities 4 4
Power    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 4 9
Derivative liabilities 187 196
Power | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Power | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 1
Derivative liabilities 1 0
Power | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 3 8
Derivative liabilities 186 196
Equity Securities | U.S. Large Capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 427 468
Equity Securities | U.S. Large Capitalization | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 427 468
Equity Securities | U.S. Large Capitalization | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Equity Securities | U.S. Large Capitalization | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Debt Securities | Corporate Bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 72 82
Debt Securities | Corporate Bonds | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Debt Securities | Corporate Bonds | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 72 82
Debt Securities | Corporate Bonds | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Debt Securities | U.S. treasury and agency securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 148 125
Debt Securities | U.S. treasury and agency securities | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Debt Securities | U.S. treasury and agency securities | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 148 125
Debt Securities | U.S. treasury and agency securities | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Debt Securities | Other debt securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 32 25
Debt Securities | Other debt securities | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Debt Securities | Other debt securities | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 32 25
Debt Securities | Other debt securities | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 679 700
Assets 691 717
Union Electric Company | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 427 468
Assets 428 472
Union Electric Company | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 252 232
Assets 253 233
Union Electric Company | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Assets 10 12
Union Electric Company | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 12 17
Derivative liabilities 22 9
Union Electric Company | Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 4
Derivative liabilities 2 0
Union Electric Company | Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 1
Derivative liabilities 6 7
Union Electric Company | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 10 12
Derivative liabilities 14 2
Union Electric Company | Fuel Oils    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 8 7
Derivative liabilities 13 0
Union Electric Company | Fuel Oils | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 4
Derivative liabilities 2 0
Union Electric Company | Fuel Oils | 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 | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 7 3
Derivative liabilities 11 0
Union Electric Company | Natural gas    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 1
Derivative liabilities 5 8
Union Electric Company | Natural gas | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Union Electric Company | Natural gas | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 5 7
Union Electric Company | Natural gas | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 1
Derivative liabilities 0 1
Union Electric Company | Power    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 4 9
Derivative liabilities 4 1
Union Electric Company | Power | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Union Electric Company | Power | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 1
Derivative liabilities 1 0
Union Electric Company | Power | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 3 8
Derivative liabilities 3 1
Union Electric Company | Equity Securities | U.S. Large Capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 427 468
Union Electric Company | Equity Securities | U.S. Large Capitalization | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 427 468
Union Electric Company | Equity Securities | U.S. Large Capitalization | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Equity Securities | U.S. Large Capitalization | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | Corporate Bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 72 82
Union Electric Company | Debt Securities | Corporate Bonds | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | Corporate Bonds | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 72 82
Union Electric Company | Debt Securities | Corporate Bonds | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | U.S. treasury and agency securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 148 125
Union Electric Company | Debt Securities | U.S. treasury and agency securities | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | U.S. treasury and agency securities | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 148 125
Union Electric Company | Debt Securities | U.S. treasury and agency securities | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | Other debt securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 32 25
Union Electric Company | Debt Securities | Other debt securities | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | Other debt securities | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 32 25
Union Electric Company | Debt Securities | Other debt securities | Level 3    
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 197 217
Ameren Illinois Company | Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 1
Ameren Illinois Company | Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 10 18
Ameren Illinois Company | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 187 198
Ameren Illinois Company | Natural gas    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 3 0
Derivative liabilities 14 22
Ameren Illinois Company | Natural gas | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 1
Ameren Illinois Company | Natural gas | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 2 0
Derivative liabilities 10 18
Ameren Illinois Company | Natural gas | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 0
Derivative liabilities 4 3
Ameren Illinois Company | Power    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 183 195
Ameren Illinois Company | Power | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 0
Ameren Illinois Company | Power | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 0
Ameren Illinois Company | Power | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities $ 183 $ 195
v3.10.0.1
Fair Value Measurements (Schedule Of Changes In The Fair Value Of Financial Assets And Liabilities Classified As Level 3 In The Fair Value Hierarchy) (Details) - Power - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 $ (1) $ 0  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs (183) (188) $ (178)
Included in regulatory assets/liabilities (6) (25)  
Purchases 5 14  
Sales 0 1  
Settlements 7 0  
Change in unrealized gains (losses) related to assets/liabilities still held (3) (22)  
Union Electric Company      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 (1) 0  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs 0 7 7
Included in regulatory assets/liabilities (6) (4)  
Purchases 5 14  
Sales 0 1  
Settlements (5) (11)  
Change in unrealized gains (losses) related to assets/liabilities still held (1) 0  
Ameren Illinois Company      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs (183) (195) $ (185)
Included in regulatory assets/liabilities 0 (21)  
Purchases 0 0  
Sales 0 0  
Settlements 12 11  
Change in unrealized gains (losses) related to assets/liabilities still held $ (2) $ (22)  
v3.10.0.1
Fair Value Measurements (Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Assets and Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term debt $ 597 $ 484    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107 68 $ 52 $ 351
Union Electric Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term debt 55 39    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 8 7 5 207
Debt Issuance Costs, Net 22 20    
Ameren Illinois Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term debt 72 62    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 80 41 $ 28 $ 99
Debt Issuance Costs, Net 31 24    
Carrying Amount        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Available-for-sale Securities and Held-to-maturity Securities 270 276    
Short-term debt 597 484    
Long-term debt (including current portion) 8,439 7,935    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107 68    
Debt Issuance Costs, Net 58 50    
Carrying Amount | Union Electric Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term debt   39    
Long-term debt (including current portion) 3,998 3,961    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 8 7    
Debt Issuance Costs, Net 22 20    
Carrying Amount | Ameren Illinois Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term debt 72 62    
Long-term debt (including current portion) 3,296 2,830    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 80 41    
Debt Issuance Costs, Net 31 24    
Fair Value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 597 484    
Investments, Fair Value Disclosure 270 276    
Long-term Debt, Fair Value 8,669 8,531    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107 68    
Fair Value | Level 1        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 0 0    
Investments, Fair Value Disclosure 0 0    
Long-term Debt, Fair Value 0 0    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107 68    
Fair Value | Level 2        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 597 484    
Investments, Fair Value Disclosure 270 276    
Long-term Debt, Fair Value 8,240 8,531    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 0 0    
Fair Value | Level 3        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 0 0    
Investments, Fair Value Disclosure 0 0    
Long-term Debt, Fair Value 429 0    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 0 0    
Fair Value | Union Electric Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 55 39    
Investments, Fair Value Disclosure 270 276    
Long-term Debt, Fair Value 4,156 4,348    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 8 7    
Fair Value | Union Electric Company | Level 1        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 0 0    
Investments, Fair Value Disclosure 0 0    
Long-term Debt, Fair Value 0 0    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 8 7    
Fair Value | Union Electric Company | Level 2        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 55 39    
Investments, Fair Value Disclosure 270 276    
Long-term Debt, Fair Value 4,156 4,348    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 0 0    
Fair Value | Union Electric Company | Level 3        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 0 0    
Investments, Fair Value Disclosure 0 0    
Long-term Debt, Fair Value 0 0    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 0 0    
Fair Value | Ameren Illinois Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 72 62    
Long-term Debt, Fair Value 3,391 3,028    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 80 41    
Fair Value | Ameren Illinois Company | Level 1        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 0 0    
Long-term Debt, Fair Value 0 0    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 80 41    
Fair Value | Ameren Illinois Company | Level 2        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 72 62    
Long-term Debt, Fair Value 3,391 3,028    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 0 0    
Fair Value | Ameren Illinois Company | Level 3        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Short-term Debt, Fair Value 0 0    
Long-term Debt, Fair Value 0 0    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 0 $ 0    
v3.10.0.1
Callaway Energy Center (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Nuclear Waste Matters [Line Items]      
Litigation Settlement, Amount (Deprecated 2017-01-31) $ 11 $ 3 $ 24
Nuclear Plant      
Nuclear Waste Matters [Line Items]      
Annual decommissioning costs included in costs of service $ 7    
v3.10.0.1
Callaway Energy Center (Proceeds From The Sale Of Investments And Related Gross Realized Gains And Losses In Nuclear Decommissioning Trust Fund) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Nuclear Waste Matters [Line Items]      
Sales and maturities of securities - nuclear decommissioning trust fund $ 299 $ 305 $ 304
Gross realized gains 18 13 7
Gross realized losses 5 5 4
Union Electric Company      
Nuclear Waste Matters [Line Items]      
Sales and maturities of securities - nuclear decommissioning trust fund $ 299 $ 305 $ 304
Minimum | Nuclear Decommissioning Trust Fund [Member]      
Nuclear Waste Matters [Line Items]      
Trust fund investments, target allocation percentage 60.00%    
Maximum | Nuclear Decommissioning Trust Fund [Member]      
Nuclear Waste Matters [Line Items]      
Trust fund investments, target allocation percentage 70.00%    
v3.10.0.1
Callaway Energy Center (Fair Values Of Investments In Debt And Equity Securities In Nuclear Decommissioning Trust Fund) (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Nuclear Waste Matters [Line Items]        
Debt Securities, Available-for-sale, Amortized Cost $ 253      
Cost 420 $ 387    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107 68 $ 52 $ 351
Cash and Cash Equivalents, at Carrying Value 16 10    
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax   323    
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax 16 6    
Fair Value 684 704    
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax 280      
Debt Securities        
Nuclear Waste Matters [Line Items]        
Debt Securities, Available-for-sale, Amortized Cost 253      
Cost   228    
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 3 5    
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 4 1    
Fair Value 252 232    
Equity Securities        
Nuclear Waste Matters [Line Items]        
Cost   155    
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax 277 318    
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax 12 5    
Fair Value 427 468    
Available-for-sale Equity Securities, Amortized Cost Basis 162      
Cash        
Nuclear Waste Matters [Line Items]        
Cost 3 2    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents   0    
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents 0 0    
Cash and Cash Equivalents, at Carrying Value 3 2    
Other Debt And Equity Securities        
Nuclear Waste Matters [Line Items]        
Cost 2      
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax   0    
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax 0      
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax   0    
Fair Value 2 $ 2    
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax $ 0      
v3.10.0.1
Callaway Energy Center (Cost and Fair Values of Investments In Debt Securities in Nuclear Decommissioning Trust Fund According to Contractual Maturities) (Details)
$ in Millions
Dec. 31, 2018
USD ($)
Nuclear Waste Matters [Abstract]  
Cost, Less than 5 years $ 140
Cost, 5 years to 10 years 48
Cost, Due after 10 years 65
Cost, Total 253
Fair Value, Less than 5 years 140
Fair Value, 5 years to 10 years 47
Fair Value, Due after 10 years 65
Fair Value, Total $ 252
v3.10.0.1
Callaway Energy Center (Insurance Disclosure) (Details)
12 Months Ended
Dec. 31, 2018
USD ($)
Nuclear Waste Matters [Line Items]  
Number of weeks of coverage after the first eight weeks of an outage 1 year
Threshold Amount For which a Retrospective Assessment For a Covered loss is necessary $ 450,000,000
Annual Payment in the event of an Incident at any Licensed Commercial Reactor 21,000,000
Amount of Weekly Indemnity Coverage Commencing Eight Weeks After Power Outage 4,500,000
Amount of additional weekly indemnity coverage commencing after initial indemnity coverage $ 3,600,000
Number Of Years The Limit Of Liability And The Maximum Potential Annual Payments Are Adjusted 5 years
Aggregate nuclear power industry insurance policy limit for losses from terrorist attacks within twelve month period $ 3,200,000,000
Number Of Additional Weeks After Initial Indemnity Coverage For Power Outage 1 year 4 months 10 days
Public Liability And Nuclear Worker Liability - American Nuclear Insurers  
Nuclear Waste Matters [Line Items]  
Maximum coverages $ 450,000,000
Maximum assessments for single incidents 0
Public Liability And Nuclear Worker Liability - Pool Participation  
Nuclear Waste Matters [Line Items]  
Maximum coverages 13,623,000,000
Maximum assessments for single incidents 138,000,000
Public Liability  
Nuclear Waste Matters [Line Items]  
Maximum coverages 14,073,000,000
Maximum assessments for single incidents 138,000,000
Property Damage - Nuclear Electric Insurance Ltd  
Nuclear Waste Matters [Line Items]  
Maximum coverages 3,200,000,000
Maximum assessments for single incidents 27,000,000
Replacement Power - Nuclear Electric Insurance Ltd  
Nuclear Waste Matters [Line Items]  
Maximum coverages 490,000,000
Maximum assessments for single incidents 7,000,000
Amount Of Weekly Indemnity Coverage Thereafter Not Exceeding Policy Limit 490,000,000
Sub-limit of for Non-Nuclear Events 328,000,000
Property Damage European Mutual Association for Nuclear Insurance  
Nuclear Waste Matters [Line Items]  
Maximum coverages 490,000,000
Radiation Event  
Nuclear Waste Matters [Line Items]  
Maximum coverages 2,700,000,000
Non-radiation event  
Nuclear Waste Matters [Line Items]  
Maximum coverages 2,300,000,000
Aggregate nuclear power industry insurance policy limit for losses from terrorist attacks within twelve month period $ 1,800,000,000
v3.10.0.1
Retirement Benefits (Narrative) (Details)
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
bond
Dec. 31, 2017
USD ($)
Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Funded (Unfunded) Status of Plan $ 481 $ 551  
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation, Change in Discount Rate 0.75%    
Number of high-quality corporate bonds | bond 600    
Defined benefit plan, estimated future employer contributions during the next five years $ 200    
Amortization basis, straight line, in years 10 years    
Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Funded (Unfunded) Status of Plan $ (560) $ (534)  
Expected return on plan assets 7.00% 7.00% 7.00%
Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Funded (Unfunded) Status of Plan $ 79 $ (17)  
Expected return on plan assets 7.00% 7.00% 7.00%
Minimum      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, estimated future employer contributions during the next five years $ 20    
Maximum      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, estimated future employer contributions during the next five years $ 70    
Union Electric Company | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Future funding requirement, percentage 30.00%    
Ameren Illinois Company | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Future funding requirement, percentage 60.00%    
v3.10.0.1
Retirement Benefits (Summary Of Benefit Liability Recorded) (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]    
Benefit liability recorded on the balance sheet $ 481 $ 551
Union Electric Company    
Defined Benefit Plan Disclosure [Line Items]    
Benefit liability recorded on the balance sheet 229 215
Ameren Illinois Company    
Defined Benefit Plan Disclosure [Line Items]    
Benefit liability recorded on the balance sheet $ 120 $ 213
v3.10.0.1
Retirement Benefits (Funded Status Of Benefit Plans And Amounts Included In Regulatory Assets And OCI) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Change in plan assets:      
Funded status – deficiency (surplus) $ (481) $ (551)  
Amounts recognized in the balance sheet consist of:      
Noncurrent liability 558 545  
Net liability (asset) recognized 481 551  
Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Accumulated benefit obligation at end of year 4,258 4,577  
Change in benefit obligation:      
Net benefit obligation at beginning of year 4,827 4,518  
Service cost 100 93 $ 81
Interest cost 169 179 185
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment 0 0  
Participant contributions 0 0  
Actuarial (gain) loss (401) 255  
Benefits paid (236) (218)  
Net benefit obligation at end of year 4,459 4,827 4,518
Change in plan assets:      
Fair value of plan assets at beginning of year 4,293 3,813  
Actual return on plan assets (218) 634  
Employer contributions 60 64 57
Participant contributions 0 0  
Benefits paid (236) (218)  
Fair value of plan assets at end of year 3,899 4,293 3,813
Funded status – deficiency (surplus) 560 534  
Accrued benefit cost (asset) at December 31 560 534  
Amounts recognized in the balance sheet consist of:      
Noncurrent asset 0 0  
Current liability(c) 2 3  
Noncurrent liability 558 531  
Net liability (asset) recognized 560 534  
Amounts recognized in regulatory assets consist of:      
Net actuarial (gain) loss 393 374  
Prior service credit (2) (3)  
Amounts (pretax) recognized in accumulated OCI consist of:      
Net actuarial loss 35 30  
Total 426 401  
Postretirement Benefits      
Change in benefit obligation:      
Net benefit obligation at beginning of year 1,240 1,170  
Service cost 21 21 19
Interest cost 40 47 50
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment (49) 0  
Participant contributions 9 8  
Actuarial (gain) loss (163) 53  
Benefits paid (64) (59)  
Net benefit obligation at end of year 1,034 1,240 1,170
Change in plan assets:      
Fair value of plan assets at beginning of year 1,223 1,101  
Actual return on plan assets (57) 171  
Employer contributions 2 2 2
Participant contributions 9 8  
Benefits paid (64) (59)  
Fair value of plan assets at end of year 1,113 1,223 $ 1,101
Funded status – deficiency (surplus) (79) 17  
Accrued benefit cost (asset) at December 31 (79) 17  
Amounts recognized in the balance sheet consist of:      
Noncurrent asset (79) 0  
Current liability(c) 0 3  
Noncurrent liability 0 14  
Net liability (asset) recognized   17  
Amounts recognized in regulatory assets consist of:      
Net actuarial (gain) loss (91) (69)  
Prior service credit (48) (3)  
Amounts (pretax) recognized in accumulated OCI consist of:      
Net actuarial loss 3 2  
Total $ (136) $ (70)  
v3.10.0.1
Retirement Benefits (Assumptions Used To Determine Benefit Obligations) (Details)
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Postretirement Health Coverage      
Defined Benefit Plan Disclosure [Line Items]      
Medical cost trend rate (initial) 3.00%    
Medical cost trend rate (ultimate) 3.00%    
Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate at measurement date 4.25% 3.50%  
Increase in future compensation 3.50% 3.50%  
Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate at measurement date 4.25% 3.50%  
Increase in future compensation 3.50% 3.50%  
Medical cost trend rate (initial) 5.00% 5.00% 5.00%
Medical cost trend rate (ultimate) 5.00% 5.00% 5.00%
v3.10.0.1
Retirement Benefits (Cash Contributions Made To Benefit Plans) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Cash contributions to benefit plans $ 60 $ 64 $ 57
Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Cash contributions to benefit plans 2 2 2
Union Electric Company | Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Cash contributions to benefit plans 18 19 21
Union Electric Company | Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Cash contributions to benefit plans 1 1 1
Ameren Illinois Company | Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Cash contributions to benefit plans 35 37 30
Ameren Illinois Company | Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Cash contributions to benefit plans 1 1 1
Other | Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Cash contributions to benefit plans 7 8 6
Other | Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Cash contributions to benefit plans $ 0 $ 0 $ 0
v3.10.0.1
Retirement Benefits (Target Allocation Of The Plans' Asset Categories) (Details)
Dec. 31, 2018
Dec. 31, 2017
Pension Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 100.00% 100.00%
Pension Benefits | Cash And Cash Equivalents    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 1.00% 1.00%
Pension Benefits | Equity Securities    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 52.00% 57.00%
Pension Benefits | U.S. large capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 24.00% 34.00%
Pension Benefits | U.S. small and mid-capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 7.00% 9.00%
Pension Benefits | International    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 13.00% 14.00%
Pension Benefits | Global    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 8.00% 0.00%
Pension Benefits | Debt Securities    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 42.00% 37.00%
Pension Benefits | Real estate    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 5.00% 5.00%
Pension Benefits | Private equity    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 1.00% 1.00%
Postretirement Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 100.00% 100.00%
Postretirement Benefits | Cash And Cash Equivalents    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 2.00% 2.00%
Postretirement Benefits | Equity Securities    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 60.00% 63.00%
Postretirement Benefits | U.S. large capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 40.00% 41.00%
Postretirement Benefits | U.S. small and mid-capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 7.00% 8.00%
Postretirement Benefits | International    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 13.00% 14.00%
Postretirement Benefits | Debt Securities    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of Plan Assets at December 31, 38.00% 35.00%
Minimum | Pension Benefits | Cash And Cash Equivalents    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 0.00%  
Minimum | Pension Benefits | Equity Securities    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 51.00%  
Minimum | Pension Benefits | U.S. large capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 21.00%  
Minimum | Pension Benefits | U.S. small and mid-capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 3.00%  
Minimum | Pension Benefits | International    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 9.00%  
Minimum | Pension Benefits | Global    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 3.00%  
Minimum | Pension Benefits | Debt Securities    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 35.00%  
Minimum | Pension Benefits | Real estate    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 0.00%  
Minimum | Pension Benefits | Private equity    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 0.00%  
Minimum | Postretirement Benefits | Cash And Cash Equivalents    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 0.00%  
Minimum | Postretirement Benefits | Equity Securities    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 55.00%  
Minimum | Postretirement Benefits | U.S. large capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 34.00%  
Minimum | Postretirement Benefits | U.S. small and mid-capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 2.00%  
Minimum | Postretirement Benefits | International    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 9.00%  
Minimum | Postretirement Benefits | Debt Securities    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 33.00%  
Maximum | Pension Benefits | Cash And Cash Equivalents    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 5.00%  
Maximum | Pension Benefits | Equity Securities    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 61.00%  
Maximum | Pension Benefits | U.S. large capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 31.00%  
Maximum | Pension Benefits | U.S. small and mid-capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 13.00%  
Maximum | Pension Benefits | International    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 19.00%  
Maximum | Pension Benefits | Global    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 13.00%  
Maximum | Pension Benefits | Debt Securities    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 45.00%  
Maximum | Pension Benefits | Real estate    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 9.00%  
Maximum | Pension Benefits | Private equity    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 5.00%  
Maximum | Postretirement Benefits | Cash And Cash Equivalents    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 7.00%  
Maximum | Postretirement Benefits | Equity Securities    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 65.00%  
Maximum | Postretirement Benefits | U.S. large capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 44.00%  
Maximum | Postretirement Benefits | U.S. small and mid-capitalization    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 12.00%  
Maximum | Postretirement Benefits | International    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 19.00%  
Maximum | Postretirement Benefits | Debt Securities    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 43.00%  
v3.10.0.1
Retirement Benefits (Fair Value Of Plan Assets Utilizing Fair Value Hierarchy) (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 3,899 $ 4,293 $ 3,813
Pension Benefits | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 497 566  
Pension Benefits | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1,690 1,640  
Pension Benefits | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1,839 2,213  
Pension Benefits | Cash And Cash Equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 41 25  
Pension Benefits | Cash And Cash Equivalents | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Cash And Cash Equivalents | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Cash And Cash Equivalents | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Cash And Cash Equivalents | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 41 25  
Pension Benefits | U.S. large capitalization      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 955 1,523  
Pension Benefits | U.S. large capitalization | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | U.S. large capitalization | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | U.S. large capitalization | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | U.S. large capitalization | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 955 1,523  
Pension Benefits | U.S. small and mid-capitalization      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 272 379  
Pension Benefits | U.S. small and mid-capitalization | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 272 379  
Pension Benefits | U.S. small and mid-capitalization | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | U.S. small and mid-capitalization | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | U.S. small and mid-capitalization | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | International      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 522 629  
Pension Benefits | International | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 224 179  
Pension Benefits | International | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | International | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | International | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 298 450  
Pension Benefits | Global      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 321    
Pension Benefits | Global | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0    
Pension Benefits | Global | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0    
Pension Benefits | Global | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0    
Pension Benefits | Global | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 321    
Pension Benefits | Corporate Bonds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 720 741  
Pension Benefits | Corporate Bonds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Corporate Bonds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 701 726  
Pension Benefits | Corporate Bonds | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Corporate Bonds | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 19 15  
Pension Benefits | Municipal Bonds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 87 91  
Pension Benefits | Municipal Bonds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Municipal Bonds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 87 91  
Pension Benefits | Municipal Bonds | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Municipal Bonds | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | U.S. treasury and agency securities      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 891 824  
Pension Benefits | U.S. treasury and agency securities | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 8  
Pension Benefits | U.S. treasury and agency securities | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 891 816  
Pension Benefits | U.S. treasury and agency securities | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | U.S. treasury and agency securities | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Other      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 12 7  
Pension Benefits | Other | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1 0  
Pension Benefits | Other | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 11 7  
Pension Benefits | Other | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Other | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Real estate      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 202 196  
Pension Benefits | Real estate | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Real estate | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Real estate | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Real estate | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 202 196  
Pension Benefits | Private equity      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 3 4  
Pension Benefits | Private equity | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Private equity | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Private equity | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Benefits | Private equity | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 3 4  
Pension Benefits | Medical benefit assets      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets (144) (153)  
Pension Benefits | Net receivables      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 17 27  
Pension Benefits | Includes Medical Benefit Component Under Section401 H And Excludes Receivables Related To Pending Security Sales [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 4,026 4,419  
Pension Benefits | Excludes Medical Benefit Component Under Section401 H And Includes Receivables Related To Pending Security Sales [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 3,899 4,293  
Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1,113 1,223 $ 1,101
Postretirement Benefits | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 437 509  
Postretirement Benefits | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 332 342  
Postretirement Benefits | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 207 245  
Postretirement Benefits | Cash And Cash Equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 32 44  
Postretirement Benefits | Cash And Cash Equivalents | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 32 44  
Postretirement Benefits | Cash And Cash Equivalents | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Cash And Cash Equivalents | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Cash And Cash Equivalents | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | U.S. large capitalization      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 386 442  
Postretirement Benefits | U.S. large capitalization | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 297 332  
Postretirement Benefits | U.S. large capitalization | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | U.S. large capitalization | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | U.S. large capitalization | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 89 110  
Postretirement Benefits | U.S. small and mid-capitalization      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 63 80  
Postretirement Benefits | U.S. small and mid-capitalization | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 63 80  
Postretirement Benefits | U.S. small and mid-capitalization | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | U.S. small and mid-capitalization | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | U.S. small and mid-capitalization | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | International      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 129 154  
Postretirement Benefits | International | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 45 53  
Postretirement Benefits | International | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | International | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | International | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 84 101  
Postretirement Benefits | Other Equity      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 12 8  
Postretirement Benefits | Other Equity | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Other Equity | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 12 8  
Postretirement Benefits | Other Equity | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Other Equity | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Corporate Bonds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 144 144  
Postretirement Benefits | Corporate Bonds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Corporate Bonds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 144 144  
Postretirement Benefits | Corporate Bonds | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Corporate Bonds | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Municipal Bonds      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 107 110  
Postretirement Benefits | Municipal Bonds | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Municipal Bonds | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 107 110  
Postretirement Benefits | Municipal Bonds | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Municipal Bonds | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | U.S. treasury and agency securities      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 62 76  
Postretirement Benefits | U.S. treasury and agency securities | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | U.S. treasury and agency securities | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 62 76  
Postretirement Benefits | U.S. treasury and agency securities | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | U.S. treasury and agency securities | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Other      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 41 38  
Postretirement Benefits | Other | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Other | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 7 4  
Postretirement Benefits | Other | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Postretirement Benefits | Other | Measured at NAV      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 34 34  
Postretirement Benefits | Medical benefit assets      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 144 153  
Postretirement Benefits | Net payables      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets (7) (26)  
Postretirement Benefits | Excludes Medical Benefit Component Under Section401 H And Excludes Payables Related To Pending Security Sales [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 976 1,096  
Postretirement Benefits | Includes Medical Benefit Component Under Section401 H And Excludes Payables Related To Pending Security Sales [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 1,113 $ 1,223  
v3.10.0.1
Retirement Benefits (Components Of Net Periodic Benefit Cost) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Non-service Cost or Income Components $ 70 $ 44 $ 56
Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Non-service Cost or Income Components (40) (29) (37)
Service cost 100 93 81
Interest cost 169 179 185
Expected return on plan assets (276) (262) (253)
Prior service credit (1) (1) (1)
Actuarial (gain) loss 68 55 32
Net periodic benefit cost (income) 60 64 44
Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Non-service Cost or Income Components (47) (39) (38)
Service cost 21 21 19
Interest cost 40 47 50
Expected return on plan assets (77) (75) (72)
Prior service credit (4) (5) (5)
Actuarial (gain) loss (6) (6) (11)
Net periodic benefit cost (income) (26) (18) (19)
Ameren Illinois Company      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Non-service Cost or Income Components 34 10 24
Ameren Illinois Company | Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost (income) 39 41 22
Ameren Illinois Company | Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost (income) (25) (14) (13)
Union Electric Company      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Non-service Cost or Income Components 17 22 18
Union Electric Company | Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost (income) 22 24 26
Union Electric Company | Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost (income) $ (1) $ (4) $ (5)
v3.10.0.1
Retirement Benefits (Summary Of Estimated Amortizable Amounts From Regulatory Assets and Accumulated OCI Into Net Periodic Benefit Cost) (Details)
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Pension Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Prior service credit $ (1)
Net actuarial (gain) loss 24
Net actuarial loss 2
Net periodic benefit cost 25
Postretirement Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Prior service credit (5)
Net actuarial (gain) loss (15)
Net actuarial loss 0
Net periodic benefit cost $ (20)
v3.10.0.1
Retirement Benefits (Summary Of Benefit Plan Costs Incurred) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost $ 60 $ 64 $ 44
Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost (26) (18) (19)
Union Electric Company | Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost 22 24 26
Union Electric Company | Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost (1) (4) (5)
Ameren Illinois Company | Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost 39 41 22
Ameren Illinois Company | Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost (25) (14) (13)
Other | Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost (1) (1) (4)
Other | Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost $ 0 $ 0 $ (1)
v3.10.0.1
Retirement Benefits (Schedule Of Expected Payments From Qualified Trust And Company Funds) (Details)
$ in Millions
Dec. 31, 2018
USD ($)
Pension Benefits | Paid From Qualified Trust  
Defined Benefit Plan Disclosure [Line Items]  
2019 $ 267
2020 272
2021 282
2022 285
2023 286
2024 - 2028 1,439
Pension Benefits | Paid From Company Funds  
Defined Benefit Plan Disclosure [Line Items]  
2019 3
2020 3
2021 3
2022 3
2023 3
2024 - 2028 12
Postretirement Benefits | Paid From Qualified Trust  
Defined Benefit Plan Disclosure [Line Items]  
2019 57
2020 59
2021 61
2022 62
2023 64
2024 - 2028 315
Postretirement Benefits | Paid From Company Funds  
Defined Benefit Plan Disclosure [Line Items]  
2019 2
2020 2
2021 2
2022 2
2023 2
2024 - 2028 $ 12
v3.10.0.1
Retirement Benefits (Assumptions Used To Determine Net Periodic Benefit Cost) (Details)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate at measurement date 3.50% 4.00% 4.50%
Expected return on plan assets 7.00% 7.00% 7.00%
Increase in future compensation 3.50% 3.50% 3.50%
Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate at measurement date 3.50% 4.00% 4.50%
Expected return on plan assets 7.00% 7.00% 7.00%
Increase in future compensation 3.50% 3.50% 3.50%
Medical cost trend rate (initial) 5.00% 5.00% 5.00%
Medical cost trend rate (ultimate) 5.00% 5.00% 5.00%
Postretirement Health Coverage      
Defined Benefit Plan Disclosure [Line Items]      
Medical cost trend rate (initial) 3.00%    
Medical cost trend rate (ultimate) 3.00%    
v3.10.0.1
Retirement Benefits (Schedule Of Potential Changes In Key Assumptions) (Details)
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Pension Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Service Cost and Interest Cost, .25% decrease in discount rate $ (2)
Benefit Obligation, .25% decrease in discount rate 135
Service Cost and Interest Cost, .25% increase in salary rate 2
Benefit Obligation, .25% increase in salary rate 12
Service Cost and Interest Cost, 1.00% increase in annual medical trend 0
Benefit Obligation, 1.00% increase in annual medical trend 0
Service Cost and Interest Cost, 1.00% decrease in annual medical trend 0
Benefit Obligation, 1.00% decrease in annual medical trend 0
Postretirement Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Service Cost and Interest Cost, .25% decrease in discount rate 0
Benefit Obligation, .25% decrease in discount rate 33
Service Cost and Interest Cost, .25% increase in salary rate 0
Benefit Obligation, .25% increase in salary rate 0
Service Cost and Interest Cost, 1.00% increase in annual medical trend 4
Benefit Obligation, 1.00% increase in annual medical trend 58
Service Cost and Interest Cost, 1.00% decrease in annual medical trend (4)
Benefit Obligation, 1.00% decrease in annual medical trend $ (58)
v3.10.0.1
Retirement Benefits (Schedule Of Matching Contributions) (Details) - United States Postretirement Benefit Plan of US Entity - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]      
Employer contributions $ 33 $ 30 $ 29
Union Electric Company      
Defined Benefit Plan Disclosure [Line Items]      
Employer contributions 17 16 16
Ameren Illinois Company      
Defined Benefit Plan Disclosure [Line Items]      
Employer contributions 15 13 12
Other      
Defined Benefit Plan Disclosure [Line Items]      
Employer contributions $ 1 $ 1 $ 1
v3.10.0.1
Stock-Based Compensation (Narrative) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of shares authorized (in shares) 8,000,000    
Maximum shares available for grants (in shares) 3,800,000.0    
Performance Share Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award Requisite Service Period 5 years    
Performance period 3 years    
Percentage of shares issued per share unit, minimum 0.00%    
Percentage of shares issued per share unit, maximum 200.00%    
Amounts paid to settle share units $ 54 $ 39 $ 83
Compensation cost not yet recognized $ 29    
Expected weighted average recognition period for share-based compensation expense, in months 22 months    
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period 38 months    
Restricted Stock [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award Requisite Service Period 5 years    
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period 38 months    
Income Taxes      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Employee Service Share-based Compensation, Tax Benefit from Exercise of Stock Options $ 13 $ 15 $ 31
v3.10.0.1
Stock-Based Compensation (Summary Of Nonvested Shares) (Details) - $ / shares
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Performance Share Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award Requisite Service Period 5 years    
Fully Vested Undistributed Retirement-eligible units (in shares) 619,783 712,572  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]      
Share Units, Nonvested at beginning of year (in shares) 895,489    
Share Units, Granted (in shares) 316,875    
Share Units, Unearned or forfeited (in shares) (65,106)    
Undistributed Vested Units (in shares) (288,404)    
Share Units, Vested and distributed (in shares) (176,043)    
Share Units, Nonvested at end of year (in shares) 682,811 895,489  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]      
Weighted-average Fair Value per Unit, Nonvested at beginning of year (in dollars per share) $ 52.28    
Weighted-average Fair Value per Unit, Granted (in dollars per share) 62.88 $ 59.16 $ 44.13
Weighted-average Fair Value per Unit, Unearned or forfeited (in dollars per share) 51.11    
Weighted-average Fair Value per Unit, Vested and undistributed (in dollars per share) 53.63    
Weighted-average Fair Value per Unit, Vested and distributed (in dollars per share0 52.88    
Weighted-average Fair Value per Unit, Nonvested at end of year (in dollars per share) $ 56.58 $ 52.28  
Performance period 3 years    
Restricted Stock Units (RSUs) [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Fully Vested Undistributed Retirement-eligible units (in shares) 26,557    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]      
Share Units, Nonvested at beginning of year (in shares) 0    
Share Units, Granted (in shares) 187,273    
Share Units, Unearned or forfeited (in shares) (5,463)    
Undistributed Vested Units (in shares) (26,557)    
Share Units, Vested and distributed (in shares) 0    
Share Units, Nonvested at end of year (in shares) 155,253 0  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]      
Weighted-average Fair Value per Unit, Nonvested at beginning of year (in dollars per share) $ 0.00    
Weighted-average Fair Value per Unit, Granted (in dollars per share) 57.66    
Weighted-average Fair Value per Unit, Unearned or forfeited (in dollars per share) 58.99    
Weighted-average Fair Value per Unit, Vested and undistributed (in dollars per share) 59.02    
Weighted-average Fair Value per Unit, Vested and distributed (in dollars per share0 0.00    
Weighted-average Fair Value per Unit, Nonvested at end of year (in dollars per share) $ 57.38 $ 0.00  
v3.10.0.1
Stock-Based Compensation (Summary of Expense) (Details) - Performance Share Units - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense $ 20 $ 18 $ 17  
Employee service share-based compensation, tax benefit from compensation expense 6 7 6  
Share-based Compensation Expense, Net of Tax $ 14 $ 11 $ 11  
Performance period 3 years      
Weighted-average Fair Value per Unit, Granted (in dollars per share) $ 62.88 $ 59.16 $ 44.13  
Closing common share price (in dollars per share)   $ 61.69 $ 52.46 $ 43.23
Three-year risk-free rate 1.98% 1.47% 1.31%  
Volatility rate, minimum 15.00% 15.00% 15.00%  
Volatility rate, maximum 23.00% 21.00% 20.00%  
Ameren Missouri [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense $ 4 $ 4 $ 4  
Ameren Illinois Company        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense 3 2 2  
Other        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense $ 13 $ 12 $ 11  
v3.10.0.1
Income Taxes (Narrative) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Taxes [Line Items]      
Federal statutory corporate income tax rate: 21.00% 35.00% 35.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability $ 13    
Deferred Tax Liabilities, Net $ 2,623 $ 2,506  
Minimum      
Income Taxes [Line Items]      
Regulatory Liability, Amortization Period 30 years    
Maximum      
Income Taxes [Line Items]      
Regulatory Liability, Amortization Period 60 years    
Parent Company      
Income Taxes [Line Items]      
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability $ 5    
Other      
Income Taxes [Line Items]      
Deferred Tax Liabilities, Net $ (30) $ (165)  
Union Electric Company      
Income Taxes [Line Items]      
Federal statutory corporate income tax rate: 21.00% 35.00% 35.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability $ 4    
Deferred Tax Liabilities, Net $ 1,534 $ 1,650  
Ameren Illinois Company      
Income Taxes [Line Items]      
Federal statutory corporate income tax rate: 21.00% 35.00% 35.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability $ 4    
Deferred Tax Liabilities, Net $ 1,119 $ 1,021  
State      
Income Taxes [Line Items]      
State Income Tax Statutory Rate   7.75%  
Deferred Tax Liabilities, Net   $ 97  
State | Minimum      
Income Taxes [Line Items]      
State Income Tax Statutory Rate   7.30%  
State | Maximum      
Income Taxes [Line Items]      
State Income Tax Statutory Rate   9.50%  
State | Other      
Income Taxes [Line Items]      
Increase (Decrease) in Income Taxes   $ 14  
State | Union Electric Company      
Income Taxes [Line Items]      
State Income Tax Statutory Rate 4.00%    
Deferred Tax Liabilities, Net $ 122    
State | Union Electric Company | Maximum      
Income Taxes [Line Items]      
State Income Tax Statutory Rate 6.25%    
State | Ameren Illinois Company      
Income Taxes [Line Items]      
Deferred Tax Liabilities, Net   79  
Increase (Decrease) in Income Taxes   $ 1  
v3.10.0.1
Income Taxes (Schedule of Remeasurement of Deferred Income Taxes due to the Tax Cuts and Jobs Act) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Taxes [Line Items]      
Deferred Federal Income Tax Expense (Benefit) $ 220 $ 511 $ 299
Tax Cuts and Jobs Act [Member]      
Income Taxes [Line Items]      
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Accumulated Deferred Income Taxes   (2,253)  
Deferred Federal Income Tax Expense (Benefit)   154  
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Regulatory Assets   (114)  
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Regulatory Liabilities   2,293  
Parent Company | Tax Cuts and Jobs Act [Member]      
Income Taxes [Line Items]      
Deferred Federal Income Tax Expense (Benefit)   110  
Union Electric Company      
Income Taxes [Line Items]      
Deferred Federal Income Tax Expense (Benefit) 22 76 161
Union Electric Company | Tax Cuts and Jobs Act [Member]      
Income Taxes [Line Items]      
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Accumulated Deferred Income Taxes   (1,419)  
Deferred Federal Income Tax Expense (Benefit)   32  
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Regulatory Assets   (89)  
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Regulatory Liabilities   1,362  
Ameren Illinois Company      
Income Taxes [Line Items]      
Deferred Federal Income Tax Expense (Benefit) 75 185 117
Ameren Illinois Company | Tax Cuts and Jobs Act [Member]      
Income Taxes [Line Items]      
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Accumulated Deferred Income Taxes   (871)  
Deferred Federal Income Tax Expense (Benefit)   (5)  
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Regulatory Assets   (24)  
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Regulatory Liabilities   842  
Other      
Income Taxes [Line Items]      
Deferred Federal Income Tax Expense (Benefit) $ 123 250 $ 21
Other | Tax Cuts and Jobs Act [Member]      
Income Taxes [Line Items]      
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Accumulated Deferred Income Taxes   37  
Deferred Federal Income Tax Expense (Benefit)   127  
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Regulatory Assets   (1)  
Tax Cuts and Jobs Act, Change in Tax Rate, Change In Regulatory Liabilities   $ 89  
v3.10.0.1
Income Taxes (Schedule Of Effective Income Tax Rate Reconciliation) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Taxes [Line Items]      
Federal statutory corporate income tax rate: 21.00% 35.00% 35.00%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amortization of Excess Deferred Taxes, Percent (4.00%)    
Other depreciation differences 0.00%    
Amortization of deferred investment tax credit (1.00%) (1.00%) (0.00%)
State tax 6.00% 6.00% 4.00%
TCJA 1.00% 14.00%  
Tax Credits (0.00%) (0.00%)  
Stock-based compensation     (2.00%)
Other permanent items (1.00%) (2.00%) (1.00%)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent     1.00%
Effective income tax rate 22.00% 52.00% 37.00%
Adjustments related to Income Tax Benefit from Share-Based Payment     $ 21
Union Electric Company      
Income Taxes [Line Items]      
Federal statutory corporate income tax rate: 21.00% 35.00% 35.00%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amortization of Excess Deferred Taxes, Percent (4.00%)    
Other depreciation differences 0.00% 1.00% 1.00%
Amortization of deferred investment tax credit (1.00%) (1.00%) (1.00%)
State tax 4.00% 4.00% 3.00%
TCJA 1.00% 6.00%  
Tax Credits (1.00%) (1.00%)  
Stock-based compensation     0.00%
Other permanent items 0.00% 0.00% 0.00%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent     0.00%
Effective income tax rate 20.00% 44.00% 38.00%
Ameren Illinois Company      
Income Taxes [Line Items]      
Federal statutory corporate income tax rate: 21.00% 35.00% 35.00%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amortization of Excess Deferred Taxes, Percent (4.00%)    
Other depreciation differences (1.00%) (1.00%)  
Amortization of deferred investment tax credit (0.00%) (0.00%) (0.00%)
State tax 7.00% 6.00% 5.00%
TCJA 1.00% (1.00%)  
Tax Credits (0.00%) (0.00%)  
Stock-based compensation     0.00%
Other permanent items   (1.00%) (2.00%)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent     0.00%
Effective income tax rate 24.00% 38.00% 38.00%
v3.10.0.1
Income Taxes (Schedule Of Components Of Income Tax Expense (Benefit)) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Taxes [Line Items]      
Current Federal taxes $ (10) $ 5 $ (1)
Current State taxes 23 32 (3)
Deferred Federal Income Tax Expense (Benefit) 220 511 299
Deferred State taxes 49 34 92
Amortization of Excess Deferred Taxes (40)    
Deferred investment tax credits, amortization (5) (6) (5)
Total income tax expense 237 576 382
Union Electric Company      
Income Taxes [Line Items]      
Current Federal taxes 104 149 31
Current State taxes 29 23 6
Deferred Federal Income Tax Expense (Benefit) 22 76 161
Deferred State taxes (2) 11 23
Amortization of Excess Deferred Taxes (24)    
Deferred investment tax credits, amortization (5) (5) (5)
Total income tax expense 124 254 216
Ameren Illinois Company      
Income Taxes [Line Items]      
Current Federal taxes 4 (34) (8)
Current State taxes 6 29 12
Deferred Federal Income Tax Expense (Benefit) 75 185 117
Deferred State taxes 28 (13) 37
Amortization of Excess Deferred Taxes (15)    
Deferred investment tax credits, amortization 0 (1) 0
Total income tax expense 98 166 158
Other      
Income Taxes [Line Items]      
Current Federal taxes (118) (110) (24)
Current State taxes (12) (20) (21)
Deferred Federal Income Tax Expense (Benefit) 123 250 21
Deferred State taxes 23 36 32
Amortization of Excess Deferred Taxes (1)    
Deferred investment tax credits, amortization 0 0 0
Total income tax expense $ 15 $ 156 $ 8
v3.10.0.1
Income Taxes (Schedule Of Deferred Tax Assets And Liabilities Resulting From Temporary Differences) (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Income Taxes [Line Items]    
Plant related $ 3,534 $ 3,474
Regulatory assets, net (589) (547)
Deferred benefit costs (126) (131)
Revenue Requirement Reconciliation Adjustment   20
Tax carryforwards (227) (361)
Other 31 51
Total net accumulated deferred income tax liabilities 2,623 2,506
Union Electric Company    
Income Taxes [Line Items]    
Plant related 2,010 2,064
Regulatory assets, net (343) (317)
Deferred benefit costs (58) (53)
Revenue Requirement Reconciliation Adjustment   0
Tax carryforwards (35) (31)
Other (40) (13)
Total net accumulated deferred income tax liabilities 1,534 1,650
Ameren Illinois Company    
Income Taxes [Line Items]    
Plant related 1,345 1,264
Regulatory assets, net (221) (206)
Deferred benefit costs (4) (17)
Revenue Requirement Reconciliation Adjustment   20
Tax carryforwards (26) (43)
Other 25 3
Total net accumulated deferred income tax liabilities 1,119 1,021
Other    
Income Taxes [Line Items]    
Plant related 179 146
Regulatory assets, net (25) (24)
Deferred benefit costs (64) (61)
Revenue Requirement Reconciliation Adjustment   0
Tax carryforwards (166) (287)
Other 46 61
Total net accumulated deferred income tax liabilities $ (30) $ (165)
v3.10.0.1
Income Taxes (Schedule Of Net Operating Loss Carryforwards And Tax Credit Carryforwards) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards $ 91 $ 235
Tax credit carryforwards 127 120
Deferred Tax Assets, Charitable Contribution Carryforwards 14 11
Deferred Tax Assets, Valuation Allowance, Noncurrent (5) (5)
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 9 6
Federal    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 78 203
Tax credit carryforwards 117 113
State    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 13 32
Tax credit carryforwards 10 7
Union Electric Company    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 0 0
Tax credit carryforwards 35 31
Deferred Tax Assets, Charitable Contribution Carryforwards 0 0
Deferred Tax Assets, Valuation Allowance, Noncurrent 0 0
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 0 0
Union Electric Company | Federal    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 0 0
Tax credit carryforwards 35 31
Union Electric Company | State    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 0 0
Tax credit carryforwards 0 0
Ameren Illinois Company    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 23 41
Tax credit carryforwards 3 2
Deferred Tax Assets, Charitable Contribution Carryforwards 0 0
Deferred Tax Assets, Valuation Allowance, Noncurrent 0 0
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 0 0
Ameren Illinois Company | Federal    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 23 41
Tax credit carryforwards 3 2
Ameren Illinois Company | State    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 0 0
Tax credit carryforwards 0 0
Other    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 68 194
Tax credit carryforwards 89 87
Deferred Tax Assets, Charitable Contribution Carryforwards 14 11
Deferred Tax Assets, Valuation Allowance, Noncurrent (5) (5)
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 9 6
Other | Federal    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 55 162
Tax credit carryforwards 79 80
Other | State    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforwards 13 32
Tax credit carryforwards $ 10 $ 7
Minimum | Federal    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforward, expiration period start Jan. 01, 2034  
Tax credit carryforward, expiration period start Jan. 01, 2029  
Minimum | State    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforward, expiration period start Jan. 01, 2034  
Tax credit carryforward, expiration period start Jan. 01, 2019  
Minimum | Federal Contribution    
Operating Loss Carryforwards [Line Items]    
Tax credit carryforward, expiration period start Jan. 01, 2019  
Maximum | Federal    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforward, expiration period start Jan. 01, 2037  
Tax credit carryforward, expiration period start Jan. 01, 2037  
Maximum | State    
Operating Loss Carryforwards [Line Items]    
Net operating loss carryforward, expiration period start Jan. 01, 2037  
Tax credit carryforward, expiration period start Jan. 01, 2022  
Maximum | Federal Contribution    
Operating Loss Carryforwards [Line Items]    
Tax credit carryforward, expiration period start Jan. 01, 2023  
v3.10.0.1
Related Party Transactions (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Related Party Transaction [Line Items]      
Operating Revenues $ 0 $ 0 $ 0
Union Electric Company      
Related Party Transaction [Line Items]      
Operating Expenses 139 149 129
Union Electric Company | Ameren Missouri Power Supply Agreements with Ameren Illinois      
Related Party Transaction [Line Items]      
Operating Revenues 11 23 28
Union Electric Company | Ameren Missouri and Ameren Illinois Rent and Facility Services      
Related Party Transaction [Line Items]      
Operating Revenues 22 26 25
Operating Expenses 3 1 1
Union Electric Company | Ameren Missouri and Ameren Illinois miscellaneous support services and services provided to ATXI      
Related Party Transaction [Line Items]      
Operating Revenues 1 1 1
Union Electric Company | Total Operating Revenues      
Related Party Transaction [Line Items]      
Operating Revenues 34 49 54
Union Electric Company | Ameren Services Support Services Agreement      
Related Party Transaction [Line Items]      
Operating Expenses 136 149 129
Union Electric Company | Money Pool borrowings (advances)      
Related Party Transaction [Line Items]      
Interest (Charges) Income 1 1 1
Ameren Illinois Company      
Related Party Transaction [Line Items]      
Operating Revenues 0 0 0
Operating Expenses 132 139 123
Ameren Illinois Company | Ameren Missouri and Ameren Illinois Rent and Facility Services      
Related Party Transaction [Line Items]      
Operating Revenues 3 4 5
Operating Expenses 6 1 1
Ameren Illinois Company | Ameren Missouri and Ameren Illinois miscellaneous support services and services provided to ATXI      
Related Party Transaction [Line Items]      
Operating Revenues 1 1 1
Ameren Illinois Company | Total Operating Revenues      
Related Party Transaction [Line Items]      
Operating Revenues 4 5 5
Ameren Illinois Company | Ameren Illinois Power Supply Agreements with Ameren Missouri      
Related Party Transaction [Line Items]      
Operating Expenses 11 23 28
Ameren Illinois Company | Ameren Illinois transmission services from ATXI      
Related Party Transaction [Line Items]      
Operating Expenses 1 2 2
Ameren Illinois Company | Purchased Power      
Related Party Transaction [Line Items]      
Operating Expenses 12 25 30
Ameren Illinois Company | Ameren Services Support Services Agreement      
Related Party Transaction [Line Items]      
Operating Expenses 126 139 123
Ameren Illinois Company | Money Pool borrowings (advances)      
Related Party Transaction [Line Items]      
Interest (Charges) Income $ 1 $ 1 $ 1
v3.10.0.1
Related Party Transactions (Narrative) (Details)
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
MWh
$ / MWh
May 31, 2017 | Union Electric Company  
Related Party Transaction [Line Items]  
Energy Supply Agreements Amount | $ $ 15
May 2014 Procurement | Ameren Illinois Power Supply Agreements with Ameren Missouri | Ameren Illinois Company  
Related Party Transaction [Line Items]  
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power | MWh 168,400,000,000
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power, Rate | $ / MWh 51,000,000
April 2015 Procurement | Ameren Illinois Power Supply Agreements with Ameren Missouri | Ameren Illinois Company  
Related Party Transaction [Line Items]  
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power | MWh 667,000,000,000
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power, Rate | $ / MWh 36,000,000
September 2015 Procurement | Ameren Illinois Power Supply Agreements with Ameren Missouri | Ameren Illinois Company  
Related Party Transaction [Line Items]  
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power | MWh 339,000,000,000
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power, Rate | $ / MWh 38,000,000
April 2016 Procurement | Ameren Illinois Power Supply Agreements with Ameren Missouri | Ameren Illinois Company  
Related Party Transaction [Line Items]  
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power | MWh 375,200,000,000
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power, Rate | $ / MWh 35,000,000
September 2016 Procurement | Ameren Illinois Power Supply Agreements with Ameren Missouri | Ameren Illinois Company  
Related Party Transaction [Line Items]  
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power | MWh 82,800,000,000
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power, Rate | $ / MWh 34,000,000
April 2017 Procurement | Ameren Illinois Power Supply Agreements with Ameren Missouri | Ameren Illinois Company  
Related Party Transaction [Line Items]  
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power | MWh 85,600,000,000
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power, Rate | $ / MWh 34,000,000
April 2018 Procurement | Ameren Illinois Power Supply Agreements with Ameren Missouri | Ameren Illinois Company  
Related Party Transaction [Line Items]  
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power | MWh 110,000,000,000
Long-term Contract for Purchase of Electric Power, Related Party Contract, Fixed Power, Rate | $ / MWh 32,000,000
v3.10.0.1
Related Party Transactions (Schedule of affiliate receivables and payables) (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Union Electric Company    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current $ 69 $ 60
Accounts Receivable, Related Parties, Current 14 11
Union Electric Company | Income taxes payable to parent    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current 16 11
Union Electric Company | Income taxes receivable from parent    
Related Party Transaction [Line Items]    
Accounts Receivable, Related Parties, Current 0 0
Ameren Illinois Company    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current 58 70
Accounts Receivable, Related Parties, Current 21 9
Ameren Illinois Company | Income taxes payable to parent    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current 7 17
Ameren Illinois Company | Income taxes receivable from parent    
Related Party Transaction [Line Items]    
Accounts Receivable, Related Parties, Current $ 6 $ 0
v3.10.0.1
Related Party Transactions (Schedule of Capital Contributions) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Union Electric Company      
Related Party Transaction [Line Items]      
Proceeds from Contributions from Parent $ 45 $ 30 $ 44
Noncash Or Part Noncash Capital Contribution From Parent     38
Ameren Illinois Company      
Related Party Transaction [Line Items]      
Proceeds from Contributions from Parent $ 160 $ 8 $ 0
v3.10.0.1
Commitments And Contingencies (Schedule Of Lease Obligations) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Commitments and Contingencies [Line Items]      
Capital lease payments, due in one year $ 32    
Capital lease payments, due in two years 32    
Capital lease payments, due in three years 33    
Capital lease payments, due in four years 32    
Capital lease payments, due in five years 264    
Capital lease payments, After 5 Years 0    
Capital lease payments, Total 393    
Less Amount representing interest, due in one year 25    
Less Amount representing interest, due in two years 25    
Less Amount representing interest, due in three years 25    
Less Amount representing interest, due in four years 24    
Less Amount representing interest, due in 5 years 24    
Less Amount representing interest, After 5 Years 0    
Less Amount representing interest, Total 123    
Present value of minimum capital lease payments, due in one year 7    
Present value of minimum capital lease payments, due in two years 7    
Present value of minimum capital lease payments, due in three years 8    
Present value of minimum capital lease payments, due in four years 8    
Present value of minimum capital lease payments, due in five years 240    
Present value of minimum capital lease payments, After 5 Years 0    
Present value of minimum capital lease payments, Total 270    
Operating leases, due in one year 10    
Operating leases, due in two years 8    
Operating leases, due in three years 7    
Operating leases, due in four years 6    
Operating leases, due in five years 5    
Operating leases, After 5 Years 9    
Operating leases, Total 45    
Total lease obligations, due in one year 17    
Total lease obligations, due in two years 15    
Total lease obligations, due in three years 15    
Total lease obligations, due in four years 14    
Total lease obligations, due in five years 245    
Total lease obligations, After 5 Years 9    
Total lease obligations, Total 315    
Total rental expense 9 $ 11 $ 38
Union Electric Company      
Commitments and Contingencies [Line Items]      
Capital lease payments, due in one year 32    
Capital lease payments, due in two years 32    
Capital lease payments, due in three years 33    
Capital lease payments, due in four years 32    
Capital lease payments, due in five years 264    
Capital lease payments, After 5 Years 0    
Capital lease payments, Total 393    
Less Amount representing interest, due in one year 25    
Less Amount representing interest, due in two years 25    
Less Amount representing interest, due in three years 25    
Less Amount representing interest, due in four years 24    
Less Amount representing interest, due in 5 years 24    
Less Amount representing interest, After 5 Years 0    
Less Amount representing interest, Total 123    
Present value of minimum capital lease payments, due in one year 7    
Present value of minimum capital lease payments, due in two years 7    
Present value of minimum capital lease payments, due in three years 8    
Present value of minimum capital lease payments, due in four years 8    
Present value of minimum capital lease payments, due in five years 240    
Present value of minimum capital lease payments, After 5 Years 0    
Present value of minimum capital lease payments, Total 270    
Operating leases, due in one year 8    
Operating leases, due in two years 7    
Operating leases, due in three years 6    
Operating leases, due in four years 5    
Operating leases, due in five years 5    
Operating leases, After 5 Years 9    
Operating leases, Total 40    
Total lease obligations, due in one year 15    
Total lease obligations, due in two years 14    
Total lease obligations, due in three years 14    
Total lease obligations, due in four years 13    
Total lease obligations, due in five years 245    
Total lease obligations, After 5 Years 9    
Total lease obligations, Total 310    
Total rental expense 8 10 34
Ameren Illinois Company      
Commitments and Contingencies [Line Items]      
Operating leases, due in one year 1    
Operating leases, due in two years 0    
Operating leases, due in three years 0    
Operating leases, due in four years 0    
Operating leases, due in five years 0    
Operating leases, After 5 Years 0    
Operating leases, Total 1    
Total rental expense $ 1 $ 1 $ 30
v3.10.0.1
Commitments And Contingencies (Schedule Of Estimated Purchased Power Commitments) (Details)
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
MWh
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months $ 799
Unrecorded Unconditional Purchase Obligation, Due within Two Years 445
Unrecorded Unconditional Purchase Obligation, Due within Three Years 301
Unrecorded Unconditional Purchase Obligation, Due within Four Years 142
Unrecorded Unconditional Purchase Obligation, Due within Five Years 79
Unrecorded Unconditional Purchase Obligation, Due after Five Years 166
Unrecorded Unconditional Purchase Obligation 1,932
Coal  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 349
Unrecorded Unconditional Purchase Obligation, Due within Two Years 160
Unrecorded Unconditional Purchase Obligation, Due within Three Years 121
Unrecorded Unconditional Purchase Obligation, Due within Four Years 72
Unrecorded Unconditional Purchase Obligation, Due within Five Years 0
Unrecorded Unconditional Purchase Obligation, Due after Five Years 0
Unrecorded Unconditional Purchase Obligation 702
Natural gas  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 197
Unrecorded Unconditional Purchase Obligation, Due within Two Years 143
Unrecorded Unconditional Purchase Obligation, Due within Three Years 77
Unrecorded Unconditional Purchase Obligation, Due within Four Years 27
Unrecorded Unconditional Purchase Obligation, Due within Five Years 7
Unrecorded Unconditional Purchase Obligation, Due after Five Years 34
Unrecorded Unconditional Purchase Obligation 485
Nuclear Fuel  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 25
Unrecorded Unconditional Purchase Obligation, Due within Two Years 43
Unrecorded Unconditional Purchase Obligation, Due within Three Years 59
Unrecorded Unconditional Purchase Obligation, Due within Four Years 14
Unrecorded Unconditional Purchase Obligation, Due within Five Years 42
Unrecorded Unconditional Purchase Obligation, Due after Five Years 31
Unrecorded Unconditional Purchase Obligation 214
Purchased Power  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 157
Unrecorded Unconditional Purchase Obligation, Due within Two Years 54
Unrecorded Unconditional Purchase Obligation, Due within Three Years 10
Unrecorded Unconditional Purchase Obligation, Due within Four Years 0
Unrecorded Unconditional Purchase Obligation, Due within Five Years 0
Unrecorded Unconditional Purchase Obligation, Due after Five Years 0
Unrecorded Unconditional Purchase Obligation 221
Methane Gas  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 4
Unrecorded Unconditional Purchase Obligation, Due within Two Years 4
Unrecorded Unconditional Purchase Obligation, Due within Three Years 4
Unrecorded Unconditional Purchase Obligation, Due within Four Years 3
Unrecorded Unconditional Purchase Obligation, Due within Five Years 3
Unrecorded Unconditional Purchase Obligation, Due after Five Years 29
Unrecorded Unconditional Purchase Obligation 47
Other  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 67
Unrecorded Unconditional Purchase Obligation, Due within Two Years 41
Unrecorded Unconditional Purchase Obligation, Due within Three Years 30
Unrecorded Unconditional Purchase Obligation, Due within Four Years 26
Unrecorded Unconditional Purchase Obligation, Due within Five Years 27
Unrecorded Unconditional Purchase Obligation, Due after Five Years 72
Unrecorded Unconditional Purchase Obligation 263
Union Electric Company  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 467
Unrecorded Unconditional Purchase Obligation, Due within Two Years 264
Unrecorded Unconditional Purchase Obligation, Due within Three Years 225
Unrecorded Unconditional Purchase Obligation, Due within Four Years 120
Unrecorded Unconditional Purchase Obligation, Due within Five Years 75
Unrecorded Unconditional Purchase Obligation, Due after Five Years 130
Unrecorded Unconditional Purchase Obligation 1,281
Union Electric Company | Coal  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 349
Unrecorded Unconditional Purchase Obligation, Due within Two Years 160
Unrecorded Unconditional Purchase Obligation, Due within Three Years 121
Unrecorded Unconditional Purchase Obligation, Due within Four Years 72
Unrecorded Unconditional Purchase Obligation, Due within Five Years 0
Unrecorded Unconditional Purchase Obligation, Due after Five Years 0
Unrecorded Unconditional Purchase Obligation 702
Union Electric Company | Natural gas  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 40
Unrecorded Unconditional Purchase Obligation, Due within Two Years 31
Unrecorded Unconditional Purchase Obligation, Due within Three Years 15
Unrecorded Unconditional Purchase Obligation, Due within Four Years 5
Unrecorded Unconditional Purchase Obligation, Due within Five Years 3
Unrecorded Unconditional Purchase Obligation, Due after Five Years 14
Unrecorded Unconditional Purchase Obligation 108
Union Electric Company | Nuclear Fuel  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 25
Unrecorded Unconditional Purchase Obligation, Due within Two Years 43
Unrecorded Unconditional Purchase Obligation, Due within Three Years 59
Unrecorded Unconditional Purchase Obligation, Due within Four Years 14
Unrecorded Unconditional Purchase Obligation, Due within Five Years 42
Unrecorded Unconditional Purchase Obligation, Due after Five Years 31
Unrecorded Unconditional Purchase Obligation 214
Union Electric Company | Purchased Power  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 0
Unrecorded Unconditional Purchase Obligation, Due within Two Years 0
Unrecorded Unconditional Purchase Obligation, Due within Three Years 0
Unrecorded Unconditional Purchase Obligation, Due within Four Years 0
Unrecorded Unconditional Purchase Obligation, Due within Five Years 0
Unrecorded Unconditional Purchase Obligation, Due after Five Years 0
Unrecorded Unconditional Purchase Obligation $ 0
Amount of Megawatts | MWh 102
Union Electric Company | Methane Gas  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months $ 4
Unrecorded Unconditional Purchase Obligation, Due within Two Years 4
Unrecorded Unconditional Purchase Obligation, Due within Three Years 4
Unrecorded Unconditional Purchase Obligation, Due within Four Years 3
Unrecorded Unconditional Purchase Obligation, Due within Five Years 3
Unrecorded Unconditional Purchase Obligation, Due after Five Years 29
Unrecorded Unconditional Purchase Obligation 47
Union Electric Company | Other  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 49
Unrecorded Unconditional Purchase Obligation, Due within Two Years 26
Unrecorded Unconditional Purchase Obligation, Due within Three Years 26
Unrecorded Unconditional Purchase Obligation, Due within Four Years 26
Unrecorded Unconditional Purchase Obligation, Due within Five Years 27
Unrecorded Unconditional Purchase Obligation, Due after Five Years 56
Unrecorded Unconditional Purchase Obligation 210
Ameren Illinois Company  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 322
Unrecorded Unconditional Purchase Obligation, Due within Two Years 171
Unrecorded Unconditional Purchase Obligation, Due within Three Years 72
Unrecorded Unconditional Purchase Obligation, Due within Four Years 22
Unrecorded Unconditional Purchase Obligation, Due within Five Years 4
Unrecorded Unconditional Purchase Obligation, Due after Five Years 20
Unrecorded Unconditional Purchase Obligation 611
Ameren Illinois Company | Natural gas  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 157
Unrecorded Unconditional Purchase Obligation, Due within Two Years 112
Unrecorded Unconditional Purchase Obligation, Due within Three Years 62
Unrecorded Unconditional Purchase Obligation, Due within Four Years 22
Unrecorded Unconditional Purchase Obligation, Due within Five Years 4
Unrecorded Unconditional Purchase Obligation, Due after Five Years 20
Unrecorded Unconditional Purchase Obligation 377
Ameren Illinois Company | Purchased Power  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 157
Unrecorded Unconditional Purchase Obligation, Due within Two Years 54
Unrecorded Unconditional Purchase Obligation, Due within Three Years 10
Unrecorded Unconditional Purchase Obligation, Due within Four Years 0
Unrecorded Unconditional Purchase Obligation, Due within Five Years 0
Unrecorded Unconditional Purchase Obligation, Due after Five Years 0
Unrecorded Unconditional Purchase Obligation 221
Ameren Illinois Company | Other  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months 8
Unrecorded Unconditional Purchase Obligation, Due within Two Years 5
Unrecorded Unconditional Purchase Obligation, Due within Three Years 0
Unrecorded Unconditional Purchase Obligation, Due within Four Years 0
Unrecorded Unconditional Purchase Obligation, Due within Five Years 0
Unrecorded Unconditional Purchase Obligation, Due after Five Years 0
Unrecorded Unconditional Purchase Obligation 13
Ameren Illinois Company | Zero Emission Credits  
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]  
Unrecorded Unconditional Purchase Obligation $ 26
v3.10.0.1
Commitments And Contingencies (Environmental Matters) (Details)
$ in Millions
Dec. 31, 2018
USD ($)
site
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Sep. 30, 2017
scrubber
Dec. 31, 2016
USD ($)
Percentage of Rate Base Related to Carbon Dioxide Energy Centers 17.00%        
Asset Retirement Obligation $ 650   $ 644   $ 650
Union Electric Company          
Percentage of Rate Base Related to Carbon Dioxide Energy Centers 32.00%        
Number of Energy Center Scrubbers | scrubber       2  
Asset Retirement Obligation $ 646   640   644
Ameren Illinois Company          
Asset Retirement Obligation 4   $ 4   $ 6
Manufactured Gas Plant          
Accrual for environmental loss contingencies $ 150        
Manufactured Gas Plant | Ameren Illinois Company          
Number of remediation sites | site 44        
Accrual for environmental loss contingencies $ 150        
Sauget Area 2 | Union Electric Company          
Accrual for environmental loss contingencies 1        
Minimum          
Estimated capital costs to comply with existing and known federal and state air emissions regulations 300        
Minimum | Coal Combustion Residuals Estimate [Member]          
Estimated capital costs to comply with existing and known federal and state air emissions regulations 150        
Minimum | Manufactured Gas Plant | Ameren Illinois Company          
Loss contingency, estimate of possible loss 150        
Maximum          
Estimated capital costs to comply with existing and known federal and state air emissions regulations 400        
Maximum | Coal Combustion Residuals Estimate [Member]          
Estimated capital costs to comply with existing and known federal and state air emissions regulations 200        
Maximum | Manufactured Gas Plant | Ameren Illinois Company          
Loss contingency, estimate of possible loss 212        
New CCR Rules Estimate [Member]          
Asset Retirement Obligation   $ 135      
New CCR Rules Estimate [Member] | Union Electric Company          
Asset Retirement Obligation $ 150        
v3.10.0.1
Segment Information (Schedule Of Segment Reporting Information By Segment) (Details)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
USD ($)
Sep. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
Dec. 31, 2018
USD ($)
segment
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Segment Reporting Information [Line Items]                      
Number of reportable segments | segment                 4    
Revenues $ 1,419 $ 1,724 $ 1,563 $ 1,585 $ 1,399 $ 1,723 $ 1,537 $ 1,515 $ 6,291 $ 6,174 $ 6,076
Intersegment revenues                 0 0 0
Depreciation and amortization                 955 896 845
Interest income                 33 34 40
Interest charges                 401 391 382
Income taxes (benefit)                 237 576 382
Net Income (Loss) Available to Common Stockholders, Basic 68 357 239 151 (60) 288 193 102 815 523 653
Capital expenditures                 $ 2,286 2,132 2,076
Union Electric Company                      
Segment Reporting Information [Line Items]                      
Number of reportable segments | segment                 1    
Ameren Illinois Company                      
Segment Reporting Information [Line Items]                      
Number of reportable segments | segment                 3    
Ameren Illinois Company                      
Segment Reporting Information [Line Items]                      
Revenues 674 564 578 760 674 574 576 703 $ 2,576 2,527 2,489
Intersegment revenues                 0 0 0
Depreciation and amortization                 374 341 319
Interest income                 6 7 12
Interest charges                 149 144 140
Income taxes (benefit)                 98 166 158
Net Income (Loss) Attributable to Parent                 304 268 252
Net Income (Loss) Available to Common Stockholders, Basic $ 84 $ 63 $ 62 $ 95 $ 77 $ 55 $ 57 $ 79      
Capital expenditures                 1,258 1,076 924
Operating Segments | Union Electric Company                      
Segment Reporting Information [Line Items]                      
Revenues                 3,555 3,488 3,470
Intersegment revenues                 34 49 54
Depreciation and amortization                 550 533 514
Interest income                 28 27 28
Interest charges                 200 207 211
Income taxes (benefit)                 124 254 216
Net Income (Loss) Attributable to Parent                 478 323 357
Capital expenditures                 914 773 738
Operating Segments | Ameren Illinois Electric Distribution [Member]                      
Segment Reporting Information [Line Items]                      
Revenues                 1,544 1,564 1,544
Intersegment revenues                 3 4 4
Depreciation and amortization                 259 239 226
Interest income                 6 7 11
Interest charges                 73 73 72
Income taxes (benefit)                 41 83 78
Net Income (Loss) Attributable to Parent                 136 131 126
Capital expenditures                 503 476 470
Operating Segments | Ameren Illinois Gas [Member]                      
Segment Reporting Information [Line Items]                      
Revenues                 814 742 753
Intersegment revenues                 1 1 1
Depreciation and amortization                 65 59 55
Interest income                 0 0 0
Interest charges                 38 36 34
Income taxes (benefit)                 25 36 39
Net Income (Loss) Attributable to Parent                 70 60 59
Capital expenditures                 311 245 181
Operating Segments | Ameren Transmission [Member]                      
Segment Reporting Information [Line Items]                      
Revenues                 378 382 309
Intersegment revenues                 55 44 46
Depreciation and amortization                 77 60 43
Interest income                 0 0 1
Interest charges                 75 67 58
Income taxes (benefit)                 56 90 74
Net Income (Loss) Attributable to Parent                 164 140 117
Capital expenditures                 562 644 689
Operating Segments | Other Segment                      
Segment Reporting Information [Line Items]                      
Revenues                 0 (2) 0
Intersegment revenues                 0 0 0
Depreciation and amortization                 4 5 7
Interest income                 4 11 11
Interest charges                 19 19 18
Income taxes (benefit)                 (9) 113 (25)
Net Income (Loss) Attributable to Parent                 (33) (131) (6)
Capital expenditures                 5 1 4
Operating Segments | Ameren Illinois Company | Ameren Illinois Electric Distribution [Member]                      
Segment Reporting Information [Line Items]                      
Revenues                 1,547 1,568 1,548
Intersegment revenues                 0 0 0
Depreciation and amortization                 259 239 226
Interest income                 6 7 11
Interest charges                 73 73 72
Income taxes (benefit)                 41 83 78
Net Income (Loss) Attributable to Parent                 136 131 126
Capital expenditures                 503 476 470
Operating Segments | Ameren Illinois Company | Ameren Illinois Gas [Member]                      
Segment Reporting Information [Line Items]                      
Revenues                 815 743 754
Intersegment revenues                 0 0 0
Depreciation and amortization                 65 59 55
Interest income                 0 0 0
Interest charges                 38 36 34
Income taxes (benefit)                 25 36 39
Net Income (Loss) Attributable to Parent                 70 60 59
Capital expenditures                 311 245 181
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission [Member]                      
Segment Reporting Information [Line Items]                      
Revenues                 214 216 187
Intersegment revenues                 53 42 45
Depreciation and amortization                 50 43 38
Interest income                 0 0 1
Interest charges                 38 35 34
Income taxes (benefit)                 32 47 41
Net Income (Loss) Attributable to Parent                 98 77 67
Capital expenditures                 444 355 273
Intersegment Elimination                      
Segment Reporting Information [Line Items]                      
Revenues                 0 0 0
Intersegment revenues                 (93) (98) (105)
Depreciation and amortization                 0 0 0
Interest income                 (5) (11) (11)
Interest charges                 (4) (11) (11)
Income taxes (benefit)                 0 0 0
Net Income (Loss) Attributable to Parent                 0 0 0
Capital expenditures                 (9) (7) (6)
Intersegment Elimination | Ameren Illinois Company                      
Segment Reporting Information [Line Items]                      
Revenues                 0 0 0
Intersegment revenues                 (53) (42) (45)
Depreciation and amortization                 0 0 0
Interest income                 0 0 0
Interest charges                 0 0 0
Income taxes (benefit)                 0 0 0
Net Income (Loss) Attributable to Parent                 0 0 0
Capital expenditures                 $ 0 $ 0 $ 0
v3.10.0.1
Segment Information (Disaggregation of Revenues) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax $ 6,291 $ 6,174 $ 6,076
Revenues from alternative revenue programs (59) (15) (52)
Other revenues not from contracts with customers 42 23 24
TCJA - Excess Amounts Collected in Rates      
Disaggregation of Revenue [Line Items]      
TCJA Revenue Reduction 60    
Intersegment Elimination      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax (93) (98) (106)
Electricity      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 5,339 5,307 5,196
Electricity | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 2,427 2,287 2,317
Electricity | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 1,782 1,735 1,741
Electricity | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 442 418 411
Electricity | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 688 867 727
Electricity | Intersegment Elimination      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax (92) (96) (104)
Electricity | Intersegment Elimination | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Electricity | Intersegment Elimination | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Electricity | Intersegment Elimination | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Electricity | Intersegment Elimination | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax (92) (96) (104)
Natural gas      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 952 867 880
Natural gas | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 671 608 607
Natural gas | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 196 177 183
Natural gas | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 21 16 14
Natural gas | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 64 66 76
Natural gas | Intersegment Elimination      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax (1) (2) (2)
Natural gas | Intersegment Elimination | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Natural gas | Intersegment Elimination | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Natural gas | Intersegment Elimination | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Natural gas | Intersegment Elimination | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax (1) (2) (2)
Ameren Illinois Company      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 2,576 2,527 2,489
Ameren Illinois Company | Intersegment Elimination      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax (53) (42) (45)
Ameren Illinois Company | Intersegment Elimination | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Ameren Illinois Company | Intersegment Elimination | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Ameren Illinois Company | Intersegment Elimination | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Ameren Illinois Company | Intersegment Elimination | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax (53) (42) (45)
Ameren Illinois Company | Ameren Illinois Company      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 2,576 2,527 2,489
Revenues from alternative revenue programs (51) 9 (57)
Other revenues not from contracts with customers 18 8 8
Ameren Illinois Company | Ameren Illinois Company | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 1,448 1,401 1,425
Ameren Illinois Company | Ameren Illinois Company | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 670 673 670
Ameren Illinois Company | Ameren Illinois Company | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 147 125 106
Ameren Illinois Company | Ameren Illinois Company | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 311 328 288
Ameren Illinois Company | Electricity      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 1,761 1,784 1,735
Ameren Illinois Company | Natural gas      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 815 743 754
Operating Segments | Union Electric Company      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 3,589 3,537 3,524
Revenues from alternative revenue programs (8) (28) 8
Other revenues not from contracts with customers 24 15 16
Operating Segments | Ameren Illinois Electric Distribution [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 1,547 1,568 1,548
Revenues from alternative revenue programs (3) (5) (70)
Other revenues not from contracts with customers 16 6 6
Operating Segments | Ameren Illinois Gas [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 815 743 754
Revenues from alternative revenue programs (23) 5 11
Other revenues not from contracts with customers 2 2 2
Operating Segments | Ameren Transmission [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 433 426 355
Revenues from alternative revenue programs (25) 13 (1)
Other revenues not from contracts with customers 0 0 0
Operating Segments | Other Segment      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 (2) 1
Operating Segments | Electricity | Union Electric Company      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 3,451 3,411 3,396
Operating Segments | Electricity | Union Electric Company | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 1,560 1,417 1,422
Operating Segments | Electricity | Union Electric Company | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 1,271 1,208 1,224
Operating Segments | Electricity | Union Electric Company | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 312 305 315
Operating Segments | Electricity | Union Electric Company | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 308 481 435
Operating Segments | Electricity | Ameren Illinois Electric Distribution [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 1,547 1,568 1,548
Operating Segments | Electricity | Ameren Illinois Electric Distribution [Member] | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 867 870 895
Operating Segments | Electricity | Ameren Illinois Electric Distribution [Member] | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 511 527 517
Operating Segments | Electricity | Ameren Illinois Electric Distribution [Member] | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 130 113 96
Operating Segments | Electricity | Ameren Illinois Electric Distribution [Member] | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 39 58 40
Operating Segments | Electricity | Ameren Illinois Gas [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Ameren Illinois Gas [Member] | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Ameren Illinois Gas [Member] | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Ameren Illinois Gas [Member] | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Ameren Illinois Gas [Member] | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Ameren Transmission [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 433 426 355
Operating Segments | Electricity | Ameren Transmission [Member] | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Ameren Transmission [Member] | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Ameren Transmission [Member] | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Ameren Transmission [Member] | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 433 426 355
Operating Segments | Electricity | Other Segment      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 (2) 1
Operating Segments | Electricity | Other Segment | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Other Segment | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Other Segment | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Electricity | Other Segment | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 (2) 1
Operating Segments | Natural gas | Union Electric Company      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 138 126 128
Operating Segments | Natural gas | Union Electric Company | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 90 77 77
Operating Segments | Natural gas | Union Electric Company | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 37 31 30
Operating Segments | Natural gas | Union Electric Company | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 4 4 4
Operating Segments | Natural gas | Union Electric Company | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 7 14 17
Operating Segments | Natural gas | Ameren Illinois Electric Distribution [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Ameren Illinois Electric Distribution [Member] | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Ameren Illinois Electric Distribution [Member] | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Ameren Illinois Electric Distribution [Member] | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Ameren Illinois Electric Distribution [Member] | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Ameren Illinois Gas [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 815 743 754
Operating Segments | Natural gas | Ameren Illinois Gas [Member] | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 581 531 530
Operating Segments | Natural gas | Ameren Illinois Gas [Member] | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 159 146 153
Operating Segments | Natural gas | Ameren Illinois Gas [Member] | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 17 12 10
Operating Segments | Natural gas | Ameren Illinois Gas [Member] | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 58 54 61
Operating Segments | Natural gas | Ameren Transmission [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Ameren Transmission [Member] | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Ameren Transmission [Member] | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Ameren Transmission [Member] | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Ameren Transmission [Member] | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Other Segment      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Other Segment | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Other Segment | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Other Segment | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Natural gas | Other Segment | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Ameren Illinois Company | Ameren Illinois Electric Distribution [Member]      
Disaggregation of Revenue [Line Items]      
Revenues from alternative revenue programs (3) (5) (70)
Other revenues not from contracts with customers 16 6 6
Operating Segments | Ameren Illinois Company | Ameren Illinois Gas [Member]      
Disaggregation of Revenue [Line Items]      
Revenues from alternative revenue programs (23) 5 11
Other revenues not from contracts with customers 2 2 2
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 267 258 232
Revenues from alternative revenue programs (25) 9 2
Other revenues not from contracts with customers 0 0 0
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission [Member] | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission [Member] | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission [Member] | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 0 0 0
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission [Member] | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 267 258 232
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 1,547 1,568 1,548
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution [Member] | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 867 870 895
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution [Member] | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 511 527 517
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution [Member] | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 130 113 96
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution [Member] | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 39 58 40
Operating Segments | Ameren Illinois Company | Natural gas | Ameren Illinois Gas [Member]      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 815 743 754
Operating Segments | Ameren Illinois Company | Natural gas | Ameren Illinois Gas [Member] | Residential      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 581 531 530
Operating Segments | Ameren Illinois Company | Natural gas | Ameren Illinois Gas [Member] | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 159 146 153
Operating Segments | Ameren Illinois Company | Natural gas | Ameren Illinois Gas [Member] | Industrial      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax 17 12 10
Operating Segments | Ameren Illinois Company | Natural gas | Ameren Illinois Gas [Member] | Other      
Disaggregation of Revenue [Line Items]      
Revenue from Contract with Customer, Including Assessed Tax $ 58 $ 54 $ 61
v3.10.0.1
Selected Quarterly Information (Summary Of Selected Quarterly Information) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Selected Quarterly Financial Information [Line Items]                      
Revenues $ 1,419 $ 1,724 $ 1,563 $ 1,585 $ 1,399 $ 1,723 $ 1,537 $ 1,515 $ 6,291 $ 6,174 $ 6,076
Deferred Federal Income Tax Expense (Benefit)                 220 511 299
Operating Income 166 533 385 273 212 569 387 242 1,357 1,410 1,322
Net income 69 359 240 153 (59) 290 194 104 821 529 659
Net Income Available to Common Shareholder $ 68 $ 357 $ 239 $ 151 $ (60) $ 288 $ 193 $ 102 $ 815 $ 523 $ 653
Earnings per Common Share – Basic (in dollars per share) $ 0.28 $ 1.46 $ 0.98 $ 0.62 $ (0.24) $ 1.19 $ 0.79 $ 0.42 $ 3.34 $ 2.16 $ 2.69
Earnings per Common Share – Diluted (in dollars per share) $ 0.28 $ 1.45 $ 0.97 $ 0.62 $ (0.24) $ 1.18 $ 0.79 $ 0.42 $ 3.32 $ 2.14 $ 2.68
Union Electric Company                      
Selected Quarterly Financial Information [Line Items]                      
Revenues $ 713 $ 1,129 $ 955 $ 792 $ 696 $ 1,116 $ 934 $ 791      
Deferred Federal Income Tax Expense (Benefit)                 $ 22 $ 76 $ 161
Operating Income 7 394 258 90 33 412 230 47 749 722 725
Net income (22) 295 169 39 (36) 235 121 6 481 326 360
Net Income Available to Common Shareholder (22) 294 168 38 (36) 234 120 5      
Ameren Illinois Company                      
Selected Quarterly Financial Information [Line Items]                      
Revenues 674 564 578 760 674 574 576 703 2,576 2,527 2,489
Deferred Federal Income Tax Expense (Benefit)                 75 185 117
Operating Income 135 113 105 159 148 124 128 169 512 569 519
Net income 85 63 63 96 78 55 58 80 $ 307 271 $ 255
Net Income Available to Common Shareholder $ 84 $ 63 $ 62 $ 95 $ 77 $ 55 $ 57 $ 79      
Tax Cuts and Jobs Act [Member]                      
Selected Quarterly Financial Information [Line Items]                      
Deferred Federal Income Tax Expense (Benefit)                   154  
Tax Cuts and Jobs Act [Member] | Union Electric Company                      
Selected Quarterly Financial Information [Line Items]                      
Deferred Federal Income Tax Expense (Benefit)                   32  
Tax Cuts and Jobs Act [Member] | Ameren Illinois Company                      
Selected Quarterly Financial Information [Line Items]                      
Deferred Federal Income Tax Expense (Benefit)                   $ (5)  
v3.10.0.1
Schedule I - Condensed Financial Information Of Parent (Statement of Income) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]                      
Operating revenues $ 1,419 $ 1,724 $ 1,563 $ 1,585 $ 1,399 $ 1,723 $ 1,537 $ 1,515 $ 6,291 $ 6,174 $ 6,076
Operating expenses                 4,934 4,764 4,754
Operating loss 166 533 385 273 212 569 387 242 1,357 1,410 1,322
Interest income from affiliates                 7 8 13
Other Nonoperating Income (Expense)                 102 86 101
Interest charges                 401 391 382
Income taxes (benefit)                 237 576 382
Net Income (Loss) Available to Common Stockholders, Basic $ 68 $ 357 $ 239 $ 151 $ (60) $ 288 $ 193 $ 102 815 523 653
Comprehensive Income from Continuing Operations                      
Pension and other postretirement activity, net of income taxes (benefit)                 (4) 5 (20)
Comprehensive Income (Loss) Attributable to Ameren Common Shareholders                 811 528 633
Other Comprehensive Income (Loss), Taxes:                      
Pension and other postretirement activity, tax (benefit)                 (1) 3 (7)
Parent Company                      
Condensed Financial Statements, Captions [Line Items]                      
Operating revenues                 0 0 0
Operating expenses                 11 15 19
Operating loss                 (11) (15) (19)
Equity in earnings of subsidiaries                 857 659 663
Interest income from affiliates                 3 9 10
Other Nonoperating Income (Expense)                 (12) 2 0
Interest charges                 34 31 28
Income taxes (benefit)                 (12) 101 (27)
Net income attributable to Ameren common shareholders - continuing operations                 815 523 653
Net Income (Loss) Available to Common Stockholders, Basic                 815 523 653
Comprehensive Income from Continuing Operations                      
Comprehensive Income (Loss) Attributable to Ameren Common Shareholders                 811 528 633
Other Comprehensive Income (Loss), Taxes:                      
Pension and other postretirement activity, tax (benefit)                 $ (1) $ 3 $ (7)
v3.10.0.1
Schedule I - Condensed Financial Information Of Parent (Balance Sheet) (Details) - USD ($)
$ / shares in Units, $ in Millions
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
ASSETS        
Cash and Cash Equivalents, at Carrying Value $ 16 $ 10    
Miscellaneous accounts and notes receivable 79 70    
Other current assets 63 98    
Total current assets 1,533 1,612    
Accumulated deferred income taxes, net 9 6    
Other assets 650 522    
TOTAL ASSETS 27,215 25,945    
LIABILITIES AND EQUITY        
Short-term debt 597 484    
Other current liabilities 282 326    
Total current liabilities 2,687 2,940    
Long-term Debt, Net 7,859 7,094    
Pension and other postretirement benefits 558 545    
Other deferred credits and liabilities 408 460    
Commitments and Contingencies    
Retained earnings 2,024 1,660    
Accumulated other comprehensive loss (22) (18)    
Total equity 7,773 7,326 $ 7,245  
TOTAL LIABILITIES AND EQUITY $ 27,215 $ 25,945    
Common Stock, Par or Stated Value Per Share (in dollars per share) $ 0.01 $ 0.01    
Common stock, shares authorized 400,000,000 400,000,000    
Common Stock, Shares, Outstanding 244,500,000 242,600,000 242,600,000 242,600,000
Parent Company        
ASSETS        
Cash and Cash Equivalents, at Carrying Value $ 0 $ 0    
Advances to money pool 76 13    
Accounts Receivable, Related Parties, Current 43 46    
Other current assets 4 8    
Total current assets 123 67    
Investments in subsidiaries 8,559 7,944    
Note receivable - affiliates 75 75    
Accumulated deferred income taxes, net 108 222    
Other assets 126 140    
TOTAL ASSETS 8,991 8,448    
LIABILITIES AND EQUITY        
Short-term debt 470 383    
Borrowings from money pool 46 28    
Accounts payable – affiliates 10 6    
Other current liabilities 12 27    
Total current liabilities 538 444    
Long-term Debt, Net 697 696    
Pension and other postretirement benefits 43 37    
Other deferred credits and liabilities 82 87    
Total liabilities 1,360 1,264    
Common stock, $.01 par value, 400.0 shares authorized – shares outstanding of 244.5 and 242.6, respectively 2 2    
Other paid-in capital, principally premium on common stock 5,627 5,540    
Retained earnings 2,024 1,660    
Accumulated other comprehensive loss (22) (18)    
Total equity 7,631 7,184    
TOTAL LIABILITIES AND EQUITY $ 8,991 $ 8,448    
Common Stock, Par or Stated Value Per Share (in dollars per share) $ 0.01 $ 0.01    
Common stock, shares authorized 400,000,000 400,000,000    
Common Stock, Shares, Outstanding 244,500,000 242,600,000    
v3.10.0.1
Schedule I - Condensed Financial Information Of Parent (Statement of Cash Flows) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]        
Net cash provided by operating activities $ 2,170 $ 2,118 $ 2,117  
Cash Flows From Investing Activities:        
Other 18 7 (9)  
Net Cash Provided by (Used in) Investing Activities (2,336) (2,204) (2,158)  
Cash flows from financing activities:        
Dividends on common stock (451) (431) (416)  
Short-term debt, net 112 (74) 257  
Proceeds from Issuance of Common Stock 74 0 0  
Issuances of Long-term debt 1,352 1,345 396  
Capital issuance costs (14) (11) (9)  
Payments for Repurchase of Common Stock 0 (24) (51)  
Share-based payments (19) (15) (32)  
Net cash provided by (used in) financing activities 205 102 (258)  
Net change in cash and cash equivalents 39 16 (299)  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107 68 52 $ 351
Stock Issued 35      
Parent Company        
Condensed Financial Statements, Captions [Line Items]        
Net cash provided by operating activities 550 454 483  
Cash Flows From Investing Activities:        
Money pool advances, net (63) 14 (27)  
Intercompany notes receivable, net   275 (60)  
Investments in subsidiaries (208) (151) (123)  
Other 5 6 2  
Net Cash Provided by (Used in) Investing Activities (266) 144 (208)  
Cash flows from financing activities:        
Dividends on common stock (451) (431) (416)  
Short-term debt, net 87 (124) 206  
Money pool borrowings, net 18 (5) 19  
Proceeds from Issuance of Common Stock 74   0  
Payments for Repurchase of Common Stock 0 (24) (51)  
Share-based payments (19) (15) (32)  
Net cash provided by (used in) financing activities (291) (599) (274)  
Net change in cash and cash equivalents (7) (1) 1  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1 8 9 $ 8
Cash dividends received from consolidated subsidiaries 450 $ 362 $ 465  
Stock Issued $ 35      
v3.10.0.1
Schedule I - Condensed Financial Information Of Parent Cash and Cash Equivalents (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items]        
Cash and Cash Equivalents, at Carrying Value $ 16 $ 10    
Restricted Cash and Cash Equivalents, Noncurrent 74 35    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107 68 $ 52 $ 351
Parent Company        
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items]        
Cash and Cash Equivalents, at Carrying Value 0 0    
Restricted Cash and Cash Equivalents, Noncurrent 1 8    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 1 $ 8 $ 9 $ 8
v3.10.0.1
Schedule I - Condensed Financial Information Of Parent Guarantees (Details)
$ in Millions
Dec. 31, 2018
USD ($)
Parent Company  
Other Commitments [Line Items]  
Guarantees Outstanding $ 11
v3.10.0.1
Schedule I - Condensed Financial Information Of Parent Other Income (Expense), Net (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Other Nonoperating Income (Expense) [Line Items]      
Defined Benefit Plan, Non-service Cost or Income Components $ 70 $ 44 $ 56
Donations 33 8 16
Other Nonoperating Income (Expense) 102 86 101
Parent Company      
Other Nonoperating Income (Expense) [Line Items]      
Defined Benefit Plan, Non-service Cost or Income Components 2 2 5
Donations (13) 0 (5)
Other Expenses (1) 0 0
Other Nonoperating Income (Expense) $ (12) $ 2 $ 0
v3.10.0.1
Schedule I - Condensed Financial Information Of Parent Income Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Taxes [Line Items]      
Deferred Federal Income Tax Expense (Benefit) $ 220 $ 511 $ 299
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability 13    
Tax Cuts and Jobs Act [Member]      
Income Taxes [Line Items]      
Deferred Federal Income Tax Expense (Benefit)   154  
Parent Company      
Income Taxes [Line Items]      
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability $ 5    
Parent Company | Tax Cuts and Jobs Act [Member]      
Income Taxes [Line Items]      
Deferred Federal Income Tax Expense (Benefit)   $ 110  
v3.10.0.1
Schedule II - Valuation And Qualifying Accounts (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Allowance For Doubtful Accounts      
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]      
Balance at Beginning of Period $ 19 $ 19 $ 19
Charged to Costs and Expenses 27 26 32
Charged to Other Accounts 4 7 3
Deductions 32 33 35
Balance at End of Period 18 19 19
Valuation Allowance of Deferred Tax Assets      
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]      
Balance at Beginning of Period 5 11 6
Charged to Costs and Expenses   (6) 7
Charged to Other Accounts 0 0 (2)
Deductions 0 0 0
Balance at End of Period 5 5 11
Parent Company | Valuation Allowance of Deferred Tax Assets      
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]      
Charged to Costs and Expenses 3    
Union Electric Company | Allowance For Doubtful Accounts      
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]      
Balance at Beginning of Period 7 7 7
Charged to Costs and Expenses 9 9 10
Charged to Other Accounts 0 0 0
Deductions 9 9 10
Balance at End of Period 7 7 7
Ameren Illinois Company | Allowance For Doubtful Accounts      
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]      
Balance at Beginning of Period 12 12 12
Charged to Costs and Expenses 18 17 22
Charged to Other Accounts 4 7 3
Deductions 23 24 25
Balance at End of Period $ 11 $ 12 $ 12