AMEREN ILLINOIS CO, 10-Q filed on 11/4/2022
Quarterly Report
v3.22.2.2
Cover Page - shares
9 Months Ended
Sep. 30, 2022
Oct. 31, 2022
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2022  
Document Transition Report false  
Entity File Number 1-14756  
Entity Registrant Name Ameren Corporation  
Entity Tax Identification Number 43-1723446  
Entity Incorporation, State or Country Code MO  
Entity Address, Address Line One 1901 Chouteau Avenue  
Entity Address, City or Town St. Louis  
Entity Address, State or Province MO  
Entity Address, Postal Zip Code 63103  
City Area Code (314)  
Local Phone Number 621-3222  
Title of 12(b) Security Common Stock, $0.01 par value per share  
Trading Symbol(s) AEE  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Emerging growth company false  
Entity Shell Company false  
Shares outstanding   258,522,169
Entity Central Index Key 0001002910  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Union Electric Company    
Entity Information [Line Items]    
Entity File Number 1-2967  
Entity Registrant Name Union Electric Company  
Entity Tax Identification Number 43-0559760  
Entity Incorporation, State or Country Code MO  
Entity Address, Address Line One 1901 Chouteau Avenue  
Entity Address, City or Town St. Louis  
Entity Address, State or Province MO  
Entity Address, Postal Zip Code 63103  
City Area Code (314)  
Local Phone Number 621-3222  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Emerging growth company false  
Entity Shell Company false  
Shares outstanding   102,123,834
Entity Central Index Key 0000100826  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Ameren Illinois Company    
Entity Information [Line Items]    
Entity File Number 1-3672  
Entity Registrant Name Ameren Illinois Company  
Entity Tax Identification Number 37-0211380  
Entity Incorporation, State or Country Code IL  
Entity Address, Address Line One 10 Richard Mark Way  
Entity Address, City or Town Collinsville  
Entity Address, State or Province IL  
Entity Address, Postal Zip Code 62234  
City Area Code (618)  
Local Phone Number 343-8150  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Emerging growth company false  
Entity Shell Company false  
Shares outstanding   25,452,373
Entity Central Index Key 0000018654  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Ameren Illinois Company | Former Address    
Entity Information [Line Items]    
Entity Address, Address Line One 10 Executive Drive  
Entity Address, City or Town Collinsville  
Entity Address, State or Province IL  
Entity Address, Postal Zip Code 62234  
v3.22.2.2
Consolidated Statement of Income (Loss) and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues:        
Total operating revenues $ 2,306 $ 1,811 $ 5,911 $ 4,849
Operating Expenses:        
Fuel 117 184 376 422
Purchased power 563 159 1,058 479
Natural gas purchased for resale 58 45 431 275
Other operations and maintenance 475 457 1,427 1,289
Depreciation and amortization 350 290 965 856
Taxes other than income taxes 144 142 415 392
Total operating expenses 1,707 1,277 4,672 3,713
Operating Income 599 534 1,239 1,136
Other Income, Net 58 56 180 151
Interest Charges 126 94 356 290
Income Before Income Taxes 531 496 1,063 997
Income Taxes 78 70 148 128
Net Income 453 426 915 869
Less: Net Income Attributable to Noncontrolling Interests 1 1 4 4
Net Income Attributable to Ameren Common Shareholders 452 425 911 865
Pension and other postretirement benefit plan activity, net of income taxes (benefit) 0 1 1 1
Comprehensive Income 453 427 916 870
Less: Comprehensive Income Attributable to Noncontrolling Interests 1 1 4 4
Comprehensive Income Attributable to Ameren Common Shareholders $ 452 $ 426 $ 912 $ 866
Earnings Per Share, Basic and Diluted [Abstract]        
Earnings per Common Share – Basic $ 1.75 $ 1.66 $ 3.53 $ 3.38
Earnings per Common Share – Diluted $ 1.74 $ 1.65 $ 3.51 $ 3.36
Weighted-average Common Shares Outstanding – Basic 258.4 257.3 258.2 255.9
Weighted-average Common Shares Outstanding – Diluted 259.5 258.6 259.3 257.2
Electric        
Operating Revenues:        
Total operating revenues $ 2,140 $ 1,668 $ 4,971 $ 4,108
Natural gas        
Operating Revenues:        
Total operating revenues 166 143 940 741
Union Electric Company        
Operating Revenues:        
Total operating revenues 1,359 1,129 3,096 2,642
Operating Expenses:        
Fuel 117 184 376 422
Purchased power 247 57 458 195
Natural gas purchased for resale 7 4 65 40
Other operations and maintenance 252 240 744 683
Depreciation and amortization 208 161 550 474
Taxes other than income taxes 106 104 281 266
Total operating expenses 937 750 2,474 2,080
Operating Income 422 379 622 562
Other Income, Net 25 27 72 74
Interest Charges 58 32 157 107
Income Before Income Taxes 389 374 537 529
Income Taxes (9) (2) (13) (7)
Net Income 398 376 550 536
Preferred Stock Dividends 1 1 3 3
Net Income Attributable to Parent 397 375 547 533
Union Electric Company | Electric        
Operating Revenues:        
Total operating revenues 1,338 1,113 2,966 2,543
Union Electric Company | Natural gas        
Operating Revenues:        
Total operating revenues 21 16 130 99
Ameren Illinois Company        
Operating Revenues:        
Total operating revenues 904 645 2,697 2,097
Operating Expenses:        
Purchased power 319 108 608 298
Natural gas purchased for resale 51 41 366 235
Other operations and maintenance 215 217 663 604
Depreciation and amortization 130 118 382 350
Taxes other than income taxes 34 34 122 114
Total operating expenses 749 518 2,141 1,601
Operating Income 155 127 556 496
Other Income, Net 26 19 75 49
Interest Charges 42 41 125 123
Income Before Income Taxes 139 105 506 422
Income Taxes 36 26 130 107
Net Income 103 79 376 315
Preferred Stock Dividends 0 0 1 1
Net Income Attributable to Parent 103 79 375 314
Ameren Illinois Company | Electric        
Operating Revenues:        
Total operating revenues 758 518 1,886 1,455
Ameren Illinois Company | Natural gas        
Operating Revenues:        
Total operating revenues $ 146 $ 127 $ 811 $ 642
v3.22.2.2
Consolidated Statement of Income (Loss) and Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Pension and other postretirement benefit plan activity, tax $ 0 $ 0 $ 0 $ 0
v3.22.2.2
Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 7 $ 8
Accounts receivable - trade (less allowance for doubtful accounts) 665 434
Unbilled revenue 366 301
Miscellaneous accounts receivable 62 85
Inventories 695 592
Current regulatory assets 346 319
Current collateral assets 145 66
Other current assets 232 163
Total current assets 2,518 1,968
Property, Plant, and Equipment, Net 30,608 29,261
Investments and Other Assets:    
Nuclear decommissioning trust fund 910 1,159
Goodwill 411 411
Regulatory assets 1,405 1,289
Pension and other postretirement benefits 813 756
Other assets 992 891
Total investments and other assets 4,531 4,506
TOTAL ASSETS 37,657 35,735
Current Liabilities:    
Current maturities of long-term debt 155 505
Short-term debt 1,221 545
Accounts and wages payable 820 1,095
Taxes accrued 216 74
Current regulatory liabilities 179 113
Other current liabilities 584 494
Total current liabilities 3,175 2,826
Long-term Debt, Net 13,577 12,562
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes and tax credits, net 3,785 3,499
Regulatory liabilities 5,658 5,848
Asset retirement obligations 771 757
Other deferred credits and liabilities 361 414
Total deferred credits and other liabilities 10,575 10,518
Commitments and Contingencies
Shareholders’ Equity:    
Common Stock 3 3
Other paid-in capital, principally premium on common stock 6,548 6,502
Retained earnings 3,636 3,182
Accumulated other comprehensive income 14 13
Total shareholders’ equity 10,201 9,700
Noncontrolling Interests 129 129
Total equity 10,330 9,829
TOTAL LIABILITIES AND EQUITY 37,657 35,735
Union Electric Company    
Current Assets:    
Cash and cash equivalents 0 0
Accounts receivable - trade (less allowance for doubtful accounts) 302 190
Accounts receivable – affiliates 23 44
Unbilled revenue 204 142
Miscellaneous accounts receivable 39 71
Inventories 438 419
Current regulatory assets 243 127
Current collateral assets 140 66
Other current assets 99 76
Total current assets 1,488 1,135
Property, Plant, and Equipment, Net 15,829 15,296
Investments and Other Assets:    
Nuclear decommissioning trust fund 910 1,159
Regulatory assets 642 523
Pension and other postretirement benefits 223 208
Other assets 425 401
Total investments and other assets 2,200 2,291
TOTAL ASSETS 19,517 18,722
Current Liabilities:    
Current maturities of long-term debt 55 55
Short-term debt 178 165
Accounts and wages payable 339 631
Accounts payable – affiliates 43 46
Taxes accrued 183 34
Interest accrued 69 60
Mark-to-market derivative liabilities 113 53
Current regulatory liabilities 87 57
Other current liabilities 114 116
Total current liabilities 1,181 1,217
Long-term Debt, Net 6,085 5,564
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes and tax credits, net 1,952 1,852
Regulatory liabilities 3,004 3,354
Asset retirement obligations 767 753
Other deferred credits and liabilities 70 71
Total deferred credits and other liabilities 5,793 6,030
Commitments and Contingencies
Shareholders’ Equity:    
Common Stock 511 511
Other paid-in capital, principally premium on common stock 2,725 2,725
Preferred stock 80 80
Retained earnings 3,142 2,595
Total shareholders’ equity 6,458 5,911
TOTAL LIABILITIES AND EQUITY 19,517 18,722
Ameren Illinois Company    
Current Assets:    
Cash and cash equivalents 0 0
Accounts receivable - trade (less allowance for doubtful accounts) 349 228
Accounts receivable – affiliates 9 24
Unbilled revenue 162 159
Miscellaneous accounts receivable 14 1
Inventories 257 173
Mark-to-market derivative assets 68 28
Current regulatory assets 100 180
Other current assets 39 30
Total current assets 998 823
Property, Plant, and Equipment, Net 13,011 12,223
Investments and Other Assets:    
Goodwill 411 411
Regulatory assets 742 752
Pension and other postretirement benefits 456 427
Other assets 514 399
Total investments and other assets 2,123 1,989
TOTAL ASSETS 16,132 15,035
Current Liabilities:    
Current maturities of long-term debt 100 400
Short-term debt 353 103
Accounts and wages payable 394 361
Accounts payable – affiliates 117 64
Current regulatory liabilities 92 54
Other current liabilities 275 251
Total current liabilities 1,331 1,233
Long-term Debt, Net 4,389 3,992
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes and tax credits, net 1,670 1,558
Regulatory liabilities 2,532 2,374
Other deferred credits and liabilities 195 238
Total deferred credits and other liabilities 4,397 4,170
Commitments and Contingencies
Shareholders’ Equity:    
Common Stock 0 0
Other paid-in capital, principally premium on common stock 2,914 2,914
Preferred stock 49 49
Retained earnings 3,052 2,677
Total shareholders’ equity 6,015 5,640
TOTAL LIABILITIES AND EQUITY $ 16,132 $ 15,035
v3.22.2.2
Consolidated Balance Sheet (Parenthetical) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss, Current $ 31 $ 29
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 400,000,000.0 400,000,000.0
Common Stock, Shares, Outstanding 258,500,000 257,700,000
Union Electric Company    
Accounts Receivable, Allowance for Credit Loss, Current $ 12 $ 13
Common stock, par value (in dollars per share) $ 5 $ 5
Common stock, shares authorized (in shares) 150,000,000.0 150,000,000.0
Common Stock, Shares, Outstanding 102,100,000 102,100,000
Ameren Illinois Company    
Accounts Receivable, Allowance for Credit Loss, Current $ 19 $ 16
Common stock, no par value (in dollars per share) $ 0 $ 0
Common stock, shares authorized (in shares) 45,000,000.0 45,000,000.0
Common Stock, Shares, Outstanding 25,500,000 25,500,000
v3.22.2.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net income $ 915 $ 869
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,016 903
Amortization of nuclear fuel 46 37
Amortization of debt issuance costs and premium/discounts 17 17
Deferred income taxes and investment tax credits, net 137 139
Allowance for equity funds used during construction (31) (30)
Stock-based compensation costs 18 17
Other 63 11
Changes in assets and liabilities:    
Receivables (296) (212)
Inventories (103) (73)
Accounts and wages payable (128) (143)
Taxes accrued 147 148
Regulatory assets and liabilities (17) (340)
Assets, other (87) (58)
Liabilities, other 19 (35)
Pension and other postretirement benefits (49) (6)
Counterparty collateral, net (68) (52)
Net cash provided by operating activities 1,599 1,192
Cash Flows From Investing Activities:    
Capital expenditures (2,437) (2,613)
Nuclear fuel expenditures (22) (19)
Purchases of securities – nuclear decommissioning trust fund (176) (411)
Sales and maturities of securities – nuclear decommissioning trust fund 163 404
Other 14 (7)
Net cash used in investing activities (2,458) (2,646)
Cash Flows From Financing Activities:    
Dividends on common stock (457) (423)
Dividends paid to noncontrolling interest holders (4) (4)
Short-term debt, net 675 63
Maturities of long-term debt (450) 0
Issuances of long-term debt 1,118 1,423
Issuances of common stock 29 297
Redemptions of Ameren Illinois preferred stock 0 (13)
Employee payroll taxes related to stock-based compensation (16) (17)
Debt issuance costs (11) (15)
Other 0 (13)
Net cash provided by financing activities 884 1,298
Net change in cash, cash equivalents, and restricted cash 25 (156)
Cash, cash equivalents, and restricted cash at beginning of year 155 301
Cash, cash equivalents, and restricted cash at end of period 180 145
Union Electric Company    
Cash Flows From Operating Activities:    
Net income 550 536
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 603 522
Amortization of nuclear fuel 46 37
Amortization of debt issuance costs and premium/discounts 5 5
Deferred income taxes and investment tax credits, net (17) (7)
Allowance for equity funds used during construction (17) (17)
Other 9 8
Changes in assets and liabilities:    
Receivables (160) (216)
Inventories (19) (19)
Accounts and wages payable (192) (145)
Taxes accrued 161 146
Regulatory assets and liabilities (164) (164)
Assets, other (9) 20
Liabilities, other 14 (9)
Pension and other postretirement benefits (12) 6
Counterparty collateral, net (72) (58)
Net cash provided by operating activities 726 645
Cash Flows From Investing Activities:    
Capital expenditures (1,237) (1,567)
Nuclear fuel expenditures (22) (19)
Purchases of securities – nuclear decommissioning trust fund (176) (411)
Sales and maturities of securities – nuclear decommissioning trust fund 163 404
Money pool advances, net 0 115
Other 17 0
Net cash used in investing activities (1,255) (1,478)
Cash Flows From Financing Activities:    
Dividends on preferred stock (3) (3)
Short-term debt, net 13 0
Issuances of long-term debt 524 524
Capital contributions from parent 0 183
Debt issuance costs (6) (5)
Net cash provided by financing activities 528 699
Net change in cash, cash equivalents, and restricted cash (1) (134)
Cash, cash equivalents, and restricted cash at beginning of year 8 145
Cash, cash equivalents, and restricted cash at end of period 7 11
Ameren Illinois Company    
Cash Flows From Operating Activities:    
Net income 376 315
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 381 349
Amortization of debt issuance costs and premium/discounts 9 10
Deferred income taxes and investment tax credits, net 92 134
Allowance for equity funds used during construction (14) (13)
Other 19 8
Changes in assets and liabilities:    
Receivables (138) 8
Inventories (84) (54)
Accounts and wages payable 62 12
Taxes accrued 54 (21)
Regulatory assets and liabilities 147 (167)
Assets, other (75) (59)
Liabilities, other 35 1
Pension and other postretirement benefits (29) (16)
Net cash provided by operating activities 835 507
Cash Flows From Investing Activities:    
Capital expenditures (1,145) (1,026)
Money pool advances, net 0 (41)
Other 0 (7)
Net cash used in investing activities (1,145) (1,074)
Cash Flows From Financing Activities:    
Dividends on preferred stock (1) (1)
Short-term debt, net 250 0
Money pool borrowings, net 0 (19)
Maturities of long-term debt (400) 0
Issuances of long-term debt 499 449
Capital contributions from parent 0 145
Redemption of preferred stock 0 (13)
Debt issuance costs (5) (6)
Other 0 (13)
Net cash provided by financing activities 343 542
Net change in cash, cash equivalents, and restricted cash 33 (25)
Cash, cash equivalents, and restricted cash at beginning of year 133 147
Cash, cash equivalents, and restricted cash at end of period $ 166 $ 122
v3.22.2.2
Consolidated Statement of Stockholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Other Paid-in Capital
Retained Earnings
Deferred Retirement Benefit Costs
Accumulated Other Comprehensive Income
Total Ameren Corporation Shareholders' Equity
Noncontrolling Interests
Union Electric Company
Union Electric Company
Common Stock
Union Electric Company
Other Paid-in Capital
Union Electric Company
Preferred Stock
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
Ameren Illinois Company
Retained Earnings
Beginning of period at Dec. 31, 2020     $ 6,179 $ 2,757 $ (1)     $ 142     $ 2,518   $ 2,101     $ 2,652 $ 62 $ 2,252
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Settlement of forward sale agreement through common shares issuance     113                              
Shares issued under the ATM program     148                              
Shares issued under the DRPlus and 401(k) plan     36                              
Stock-based compensation activity     7                              
Capital contributions from parent                 $ 183   183     $ 145   145    
Net income $ 869               536       536 315       315
Net income attributable to Ameren common shareholders 865     865                            
Dividends on common stock       (423)                            
Preferred stock dividends                         (3)         (1)
Change in deferred retirement benefit costs 1       1                          
Net income attributable to noncontrolling interest holders $ (4)             4                    
Dividends paid to noncontrolling interest holders               (4)                    
Redemptions of preferred stock               (13)                 (13)  
Common stock shares outstanding at beginning of year (in shares) at Dec. 31, 2020 253,300,000                                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Shares issued under forward sale agreement (in shares) 1,600,000                                  
Stock Issued During Period, Shares, New Issues 1,800,000                                  
Shares issued under the DRPlus and 401(k) plan 400,000                                  
Shares issued for stock-based compensation (in shares) 500,000                                  
Common stock shares outstanding at end of period (in shares) at Sep. 30, 2021 257,600,000                                  
End of period at Sep. 30, 2021 $ 9,814 $ 3 6,483 3,199 0 $ 0   129   $ 511 2,701 $ 80 2,634   $ 0 2,797 49 2,566
Shareholders' equity, end of year at Sep. 30, 2021             $ 9,685   5,926         5,412        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Dividends per common share (in dollars per share) $ 1.65                                  
Beginning of period at Jun. 30, 2021     6,436 2,915 (1)     129     2,701   2,259     2,722 49 2,487
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Settlement of forward sale agreement through common shares issuance     0                              
Shares issued under the ATM program     27                              
Shares issued under the DRPlus and 401(k) plan     12                              
Stock-based compensation activity     8                              
Capital contributions from parent                     0         75    
Net income $ 426               376       376 79       79
Net income attributable to Ameren common shareholders 425     425                            
Dividends on common stock       (141)                            
Preferred stock dividends                         (1)         0
Change in deferred retirement benefit costs 1       1                          
Net income attributable to noncontrolling interest holders $ (1)             1                    
Dividends paid to noncontrolling interest holders               (1)                    
Redemptions of preferred stock               0                 0  
Common stock shares outstanding at beginning of year (in shares) at Jun. 30, 2021 257,100,000                                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Shares issued under forward sale agreement (in shares) 0                                  
Stock Issued During Period, Shares, New Issues 400,000                                  
Shares issued under the DRPlus and 401(k) plan 100,000                                  
Shares issued for stock-based compensation (in shares) 0                                  
Common stock shares outstanding at end of period (in shares) at Sep. 30, 2021 257,600,000                                  
End of period at Sep. 30, 2021 $ 9,814 3 6,483 3,199 0 0   129   511 2,701 80 2,634   0 2,797 49 2,566
Shareholders' equity, end of year at Sep. 30, 2021             9,685   5,926         5,412        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Dividends per common share (in dollars per share) $ 0.55                                  
Beginning of period at Dec. 31, 2021 $ 9,829   6,502 3,182 13     129     2,725   2,595     2,914 49 2,677
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Settlement of forward sale agreement through common shares issuance     0                              
Shares issued under the ATM program     0                              
Shares issued under the DRPlus and 401(k) plan     37                              
Stock-based compensation activity     9                              
Capital contributions from parent                 0   0     0   0    
Net income 915               $ 550       550 $ 376       376
Net income attributable to Ameren common shareholders 911     911                            
Dividends on common stock       (457)                            
Preferred stock dividends                         (3)         (1)
Change in deferred retirement benefit costs 1       1                          
Net income attributable to noncontrolling interest holders $ (4)             4                    
Dividends paid to noncontrolling interest holders               (4)                    
Redemptions of preferred stock               0                 0  
Common stock shares outstanding at beginning of year (in shares) at Dec. 31, 2021 257,700,000               102,100,000         25,500,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Shares issued under forward sale agreement (in shares) 0                                  
Stock Issued During Period, Shares, New Issues 0                                  
Shares issued under the DRPlus and 401(k) plan 400,000                                  
Shares issued for stock-based compensation (in shares) 400,000                                  
Common stock shares outstanding at end of period (in shares) at Sep. 30, 2022 258,500,000               102,100,000         25,500,000        
End of period at Sep. 30, 2022 $ 10,330 3 6,548 3,636 14 14   129   511 2,725 80 3,142   0 2,914 49 3,052
Shareholders' equity, end of year at Sep. 30, 2022 $ 10,201           10,201   $ 6,458         $ 6,015        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Dividends per common share (in dollars per share) $ 1.77                                  
Beginning of period at Jun. 30, 2022     6,527 3,336 14     129     2,725   2,745     2,914 49 2,949
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Settlement of forward sale agreement through common shares issuance     0                              
Shares issued under the ATM program     0                              
Shares issued under the DRPlus and 401(k) plan     12                              
Stock-based compensation activity     9                              
Capital contributions from parent                     0         0    
Net income $ 453               $ 398       398 $ 103       103
Net income attributable to Ameren common shareholders 452     452                            
Dividends on common stock       (152)                            
Preferred stock dividends                         (1)         0
Change in deferred retirement benefit costs 0       0                          
Net income attributable to noncontrolling interest holders $ (1)             1                    
Dividends paid to noncontrolling interest holders               (1)                    
Redemptions of preferred stock               0                 0  
Common stock shares outstanding at beginning of year (in shares) at Jun. 30, 2022 258,400,000                                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Shares issued under forward sale agreement (in shares) 0                                  
Stock Issued During Period, Shares, New Issues 0                                  
Shares issued under the DRPlus and 401(k) plan 100,000                                  
Shares issued for stock-based compensation (in shares) 0                                  
Common stock shares outstanding at end of period (in shares) at Sep. 30, 2022 258,500,000               102,100,000         25,500,000        
End of period at Sep. 30, 2022 $ 10,330 $ 3 $ 6,548 $ 3,636 $ 14 $ 14   $ 129   $ 511 $ 2,725 $ 80 $ 3,142   $ 0 $ 2,914 $ 49 $ 3,052
Shareholders' equity, end of year at Sep. 30, 2022 $ 10,201           $ 10,201   $ 6,458         $ 6,015        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Dividends per common share (in dollars per share) $ 0.59                                  
v3.22.2.2
Summary Of Significant Accounting Policies
9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
General
Ameren, headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren’s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren’s common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries. Ameren’s principal subsidiaries are listed below. Ameren has other subsidiaries that conduct other activities, such as providing shared services.
Union Electric Company, doing business as Ameren Missouri, operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri.
Ameren Illinois Company, doing business as Ameren Illinois, operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois.
ATXI operates a FERC rate-regulated electric transmission business in the MISO.
Due to a change in customer behavior and certain business practices resulting from the COVID-19 pandemic, there has been a shift in sales volumes by customer class at both Ameren Missouri and Ameren Illinois, which began in 2020, with an increase in residential sales, and a decrease in commercial and industrial sales. While our electric sales volumes in the first nine months of 2022, excluding the estimated effects of weather and customer energy-efficiency programs, were comparable to the same period in 2021 and, at Ameren Missouri, were comparable to pre-pandemic levels, Ameren Illinois’ sales volumes remain below pre-pandemic levels. However, revenues from Ameren Illinois’ electric distribution business, residential and small nonresidential customers of Ameren Illinois’ natural gas distribution business, and Ameren Illinois’ and ATXI’s electric transmission businesses are decoupled from changes in sales volumes. Earnings at Ameren Missouri and those associated with Ameren Illinois’ large nonresidential natural gas customers are exposed to such changes. Further effects of the COVID-19 pandemic on our results of operations, financial position, and liquidity in subsequent periods will depend on its severity and longevity, future regulatory or legislative actions with respect thereto, and the resulting impact on business, economic, and capital market conditions.
Ameren’s and Ameren Missouri’s financial statements are prepared on a consolidated basis and therefore include the accounts of their majority-owned subsidiaries. All intercompany transactions have been eliminated. Ameren Missouri’s subsidiaries were created for the ownership of renewable generation projects. Ameren Illinois has 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 reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The results of operations for an interim period may not give a true indication of results that may be expected for a full year. These financial statements should be read in conjunction with the financial statements and accompanying notes included in the Form 10-K.
Variable Interest Entities
As of September 30, 2022, and December 31, 2021, Ameren had unconsolidated variable interests as a limited partner in various equity method investments, primarily to advance clean and resilient energy technologies, totaling $58 million and $56 million, respectively, included in “Other assets” on Ameren’s consolidated balance sheet. Any earnings or losses related to these investments are included in “Other Income, Net” on Ameren’s consolidated statement of income and comprehensive income. Ameren is not the primary beneficiary of these investments because it does not have the power to direct matters that most significantly affect the activities of these variable interest entities. As of September 30, 2022, the maximum exposure to loss related to these variable interests is limited to the investment in these partnerships of $58 million plus associated outstanding funding commitments of $21 million.
COLI
Ameren and Ameren Illinois have COLI, 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 September 30, 2022, the cash surrender value of COLI at Ameren and Ameren Illinois was $239 million (December 31, 2021 – $278 million) and $116 million (December 31, 2021 – $117 million), respectively, while total borrowings against the policies were $108 million (December 31, 2021 – $109 million) at both Ameren and Ameren Illinois. Ameren and Ameren Illinois have the right to offset the borrowings against the cash surrender value of the policies and, consequently, present the net asset in “Other assets” on their respective balance sheets. The net cash surrender value of Ameren’s COLI is affected by the investment performance of a separate account in which Ameren holds a beneficial interest.
v3.22.2.2
Rate And Regulatory Matters
9 Months Ended
Sep. 30, 2022
Public Utilities, General Disclosures [Abstract]  
RATE AND REGULATORY MATTERS RATE AND REGULATORY MATTERS
Below is a summary of updates to significant regulatory proceedings and related legal proceedings. See Note 2 – Rate and Regulatory Matters under Part II, Item 8, of the Form 10-K for additional information and a summary of our regulatory frameworks. We are unable to predict the ultimate outcome of these matters, the timing of final decisions of the various agencies and courts, or the impact on our results of operations, financial position, or liquidity.
Missouri
2022 Electric Service Regulatory Rate Review
In August 2022, Ameren Missouri filed a request with the MoPSC seeking approval to increase its annual revenues for electric service by $316 million. The electric rate increase request is based on a 10.2% ROE, a capital structure composed of 51.9% common equity, a rate base of $11.6 billion, and a test year ended March 31, 2022, with certain pro-forma adjustments expected through an anticipated true-up date of December 31, 2022. Ameren Missouri’s request includes the continued use of the FAC and trackers for pension and postretirement benefits, uncertain income tax positions, certain excess deferred income taxes, and renewable energy standard costs that the MoPSC previously authorized in earlier electric rate orders, as well as the use of an electric property tax tracker allowed under Missouri Senate Bill 745 discussed below. In October 2022, Ameren Missouri also requested the use of a tracker for variances between actual income tax benefits and costs resulting from the IRA and those amounts included in customer rates, which would be considered for recovery or refund in a future electric regulatory rate review. For additional information regarding the IRA, see Note 12 – Income Taxes. The electric rate increase request reflects the following:
increased infrastructure investments made under Ameren Missouri’s Smart Energy Plan, including increased cost of capital and depreciation expense;
increased net fuel expense due to reduced off system sales, primarily driven by expected reduced operations at the Rush Island Energy Center; and
extending the retirement date of the Sioux Energy Center from 2028 to 2030, consistent with Ameren Missouri’s 2022 Change to the 2020 IRP, in order to support reliability during the transition to clean energy generation.
In connection with the planned accelerated retirement of the Rush Island Energy Center, Ameren Missouri expects to seek approval from the MoPSC to finance the costs associated with the retirement, including the remaining unrecovered net plant balance associated with the facility, through the issuance of securitized utility tariff bonds pursuant to the Missouri securitization statute. As such, Ameren Missouri did not request a change in the depreciation rates related to the Rush Island Energy Center in this electric service regulatory rate review.
The MoPSC proceeding relating to the proposed electric service rate changes will take place over a period of up to 11 months, with a decision by the MoPSC expected by June 2023 and new rates effective by July 2023. Ameren Missouri cannot predict the level of any electric service rate change the MoPSC may approve, whether the requested regulatory recovery mechanisms will be approved, or whether any rate change that may eventually be approved will be sufficient for Ameren Missouri to recover its costs and earn a reasonable return on its investments when the rate change goes into effect.
Missouri Senate Bill 745
In June 2022, Missouri Senate Bill 745 was enacted and became effective on August 28, 2022. The law extended Ameren Missouri’s PISA election through December 2028 and allows for an additional extension through December 2033 if requested by Ameren Missouri and approved by the MoPSC, among other things. The law established a 2.5% annual limit on increases to the electric service revenue requirement used to set customer rates due to the inclusion of incremental PISA deferrals in the revenue requirement. The limitation will be effective for revenue requirements approved by the MoPSC after January 1, 2024, and will be based on the revenue requirement established in the immediately preceding rate order. The current rate limitation, which is effective through 2023, is a 2.85% cap on the 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 a July 2018 MoPSC order. The law also established
electric and natural gas property tax trackers that allow Ameren Missouri to defer the difference between actual property taxes incurred and related taxes included in customer rates as a regulatory asset or regulatory liability, with the difference expected to be reflected in rate base in a subsequent rate order. Upon the effective date of the law, Ameren Missouri began deferring amounts under these trackers. The deferrals were immaterial as of September 30, 2022.
Solar Generation Facilities
In February 2022, Ameren Missouri, through a subsidiary, entered into a build-transfer agreement to acquire, after construction, a 150-MW solar generation facility, which is expected to be located in southeastern Illinois and, if approved by the MoPSC, to serve customers under Ameren Missouri’s Renewable Solutions Program discussed below. In June 2022, Ameren Missouri, through a subsidiary, entered into a build-transfer agreement to acquire, after construction, a 200-MW solar generation facility, which is expected to be located in central Missouri and support Ameren Missouri’s compliance with the state of Missouri’s requirement of achieving 15% of retail sales from renewable energy sources, of which 2% must be derived from solar energy sources. The acquisitions are aligned with the 2022 Change to the 2020 IRP, which Ameren Missouri filed with the MoPSC in June 2022, and are subject to certain conditions, including the issuance of certificates of convenience and necessity by the MoPSC, obtaining MISO transmission interconnection agreements, and approval by the FERC. In July 2022, Ameren Missouri filed for certificates of convenience and necessity with the MoPSC for both facilities and expects decisions by March 2023 and April 2023 for the 200-MW facility and the 150-MW facility, respectively. Depending on the timing of regulatory approvals and the impact of potential sourcing issues resulting from a United States Department of Commerce investigation of solar panels imported from four Southeast Asian countries initiated in late March 2022 and the detention of certain solar panels sourced from China as a result of the Uyghur Forced Labor Prevention Act that was passed in December 2021, the projects could be completed as early as the fourth quarter of 2024.
Renewable Solutions Program
In July 2022, Ameren Missouri filed a request with the MoPSC seeking approval of its Renewable Solutions Program and a tariff related to participation in the program. The program would allow certain commercial, industrial, and governmental customers to receive up to 100% of their energy from renewable resources. Based on customer contracts, the program would enable Ameren Missouri to supply renewable solar energy generated by the 150-MW facility discussed above to customers that enroll in the program. Ameren Missouri expects a decision from the MoPSC by April 2023.
MoPSC Staff Review of Planned Rush Island Energy Center Retirement
In February 2022, the MoPSC issued an order directing the MoPSC staff to review Ameren Missouri’s planned accelerated retirement of the Rush Island Energy Center as a result of the NSR and Clean Air Act Litigation discussed in Note 9 – Commitments and Contingencies. The MoPSC staff’s review includes potential impacts on the reliability and cost of Ameren Missouri’s service to its customers; Ameren Missouri’s plans to mitigate the customer impacts of the accelerated retirement; and the prudence of Ameren Missouri’s actions and decisions with regard to the Rush Island Energy Center, which is expected to be addressed in the 2022 electric service regulatory rate review, among other things. In April 2022, the MoPSC staff filed an initial report with the MoPSC in which the staff concluded early retirement of the Rush Island Energy Center may cause reliability concerns. The MoPSC staff is under no deadline to complete this review. Ameren Missouri is unable to predict the results of this matter. Results of the review could be used in other MoPSC proceedings, which could have a material adverse effect on the results of operations, financial position, and liquidity of Ameren and Ameren Missouri.
MEEIA
In August 2022, the MoPSC issued an order approving Ameren Missouri’s energy savings results for the 2021 program year of the MEEIA 2019 program. As a result of this order and a MoPSC order issued in September 2021, Ameren Missouri recognized revenues of $12 million and $9 million in the third quarter of 2022 and 2021, respectively.
December 2021 MoPSC Electric and Natural Gas Rate Orders
In December 2021, the MoPSC issued orders in Ameren Missouri’s 2021 electric service and natural gas delivery service regulatory rate reviews. The new electric and natural gas rates approved by these orders became effective on February 28, 2022.
Illinois
MYRP ROE Performance Metrics
Under an MYRP, the ROE approved by the ICC would be subject to annual adjustments during the four-year period based on certain performance metrics, with aggregate symmetrical performance-based ROE incentives and penalties ranging from 20 to 60 basis points annually. In September 2022, the ICC issued an order approving the performance metrics to be used by Ameren Illinois in determining ROE incentives and penalties. The ICC order approved total ROE incentives and penalties of 24 basis points, allocated among seven approved
performance metrics. These performance metrics include improvements in service reliability in both the frequency and duration of outages, a reduction in peak loads, an increased percentage of spend with diverse suppliers, a reduction in disconnections for certain customers, and improved timeliness in response to customer requests for interconnection of distributed energy resources. The ROE incentives and penalties would apply annually from 2024 through 2027 if, as planned, Ameren Illinois elects to file an MYRP by January 20, 2023.
Electric Distribution Service Rates Under IEIMA
In April 2022, Ameren Illinois filed its annual electric distribution service performance-based formula rate update with the ICC to be used for 2023 rates. In July 2022, Ameren Illinois filed a revised request seeking to increase its annual revenues for electric distribution service by $84 million. The updated request reflects an increase to the annual performance-based formula rate based on 2021 actual recoverable costs and expected net plant additions for 2022, an increase to include the 2021 revenue requirement reconciliation adjustment including a capital structure composed of 54% common equity, and a decrease for the conclusion of the 2020 revenue requirement reconciliation adjustment, which will be fully collected from customers in 2022, consistent with the ICC’s December 2021 annual update filing order. In August 2022, the ICC staff submitted its calculation of the revenue requirement included in Ameren Illinois’ update filing, recommending a $61 million increase in Ameren Illinois’ electric distribution service rates, which is based on a capital structure composed of 50% common equity. An ICC decision in this proceeding is required by December 2022, with new rates effective in January 2023.
Electric Customer Energy-Efficiency Investments
In June 2022, Ameren Illinois filed its annual electric customer energy-efficiency formula rate update to increase its rates by $17 million with the ICC. In August 2022, the ICC staff submitted a calculation of the revenue requirement included in Ameren Illinois’ filing, recommending a $15 million increase in rates. An ICC decision in this proceeding is required by December 2022, with new rates effective January 2023.
In June 2022, the ICC issued an order approving Ameren Illinois’ revised energy-efficiency plan that includes annual investments in electric energy-efficiency programs of approximately $120 million per year through 2025, which reflects the increased level of annual investments allowed under the IETL. The ICC has the ability to reduce the amount of electric energy-efficiency savings goals in future program years if there are insufficient cost-effective programs available, which could reduce the investments in electric energy-efficiency programs. The electric energy-efficiency program investments and the return on those investments are collected from customers through a rider and are not recovered through the electric distribution service performance-based formula ratemaking framework.
Illinois Senate Bill 3866
In May 2022, Illinois Senate Bill 3866 was enacted and became effective. This legislation makes certain amendments to the IETL, including amendments to increase the level of funding for the Energy Transition Assistance Fund. As a result of this legislation, Ameren Illinois expects to collect up to $50 million annually related to this fund, beginning in January 2023. Funds collected by Ameren Illinois will be remitted in the month following collection to an Illinois state agency, with no impact to results of operations.
RTO Cost-Benefit Study
In July 2022, an Illinois law prohibiting the state’s oversight of certain electric utilities’ choice of RTO membership ceased to be effective. Given the change in law and the high prices resulting from MISO’s April 2022 capacity auction, the ICC issued an order requiring Ameren Illinois to perform a cost-benefit study of continued participation in the MISO compared to participation in PJM Interconnection LLC, another RTO. The cost-benefit study will examine the impacts of participation in each RTO, including reliability, resiliency, affordability, and environmental impacts, among other things, for a period of five to 10 years beginning June 2024. The ICC order requires Ameren Illinois to file the study by July 2023. A 30-day comment period will follow. The ICC is under no obligation to issue an order related to the cost-benefit study.
QIP Reconciliation Hearing
In March 2020, Ameren Illinois filed its annual request with the ICC for a reconciliation hearing to determine the accuracy and prudence of natural gas capital investments recovered under the QIP rider during 2019. In August 2021, the Illinois Attorney General’s office challenged the recovery of capital investments that were made during 2019, alleging that the ICC should disallow approximately $70 million in natural gas capital investments as improper and imprudent, providing a potential over-recovery of approximately $3 million in 2019. In August and December 2021, the ICC staff filed testimony that supports the prudence and reasonableness of the capital investments made during 2019. Ameren Illinois’ 2019 QIP rate recovery request under review by the ICC is within the rate increase limitations allowed by law. The ICC is under no deadline to issue an order in this proceeding.
Federal
Transmission Formula Rate Revisions
In February 2020, the MISO, on behalf of Ameren Missouri, Ameren Illinois, and ATXI, filed requests with the FERC to revise each company’s transmission formula rate calculations with respect to the calculation used for materials and supplies inventories included in rate base. In May 2020, the FERC issued orders approving the revisions prospectively. In addition, the FERC declined to order refunds for earlier periods, as requested by intervenors in Ameren Illinois’ filing, but directed its audit staff to review historical rate recovery in connection with an ongoing FERC audit. Separately, in March 2021, the FERC issued an order related to an intervenor challenge to Ameren Illinois’ 2020 transmission formula rate update. As a result of this order, in March 2021, Ameren Illinois recorded a regulatory liability of $9 million, largely as a reduction of electric operating revenues, to reflect expected refunds, including interest, primarily related to the historical rate recovery of materials and supplies inventories included in rate base. The refund amount was reflected in rates as of January 2022 and will be refunded to customers by the end of 2022. Ameren Missouri, Ameren Illinois, and ATXI filed appeals of the FERC’s May 2020 and March 2021 orders, and related FERC orders denying requests for rehearing, to the United States Court of Appeals for the District of Columbia Circuit. In January 2022, the appeals were consolidated by the court. The court is under no deadline to address the appeal. Regardless of the outcome of the appeal, the impact of the May 2020 and March 2021 orders is not expected to be material to Ameren’s, Ameren Missouri’s, or Ameren Illinois’ results of operations, financial position, or liquidity.
FERC Complaint Cases
Since November 2013, the allowed base ROE for FERC-regulated transmission rate base under the MISO tariff has been subject to customer complaint cases and has been changed by various FERC orders. In May 2020, the FERC issued an order, which set the allowed base ROE to 10.02%, and required refunds, with interest, for the periods November 2013 to February 2015 and from late September 2016 forward. Ameren and Ameren Illinois paid these refunds, including interest, by March 31, 2022. In June and July 2020, Ameren Missouri, Ameren Illinois, and ATXI, as well as various customers, petitioned the United States Court of Appeals for the District of Columbia Circuit for review of the May 2020 order, challenging certain aspects of the new ROE methodology established. The petition filed by Ameren Missouri, Ameren Illinois, and ATXI challenged the refunds required for the period from September 2016 to May 2020. In August 2022, the court issued a ruling that granted the customers’ petition for review, vacated the FERC’s previous MISO ROE-determining orders, and remanded the proceedings to the FERC. The currently allowed base ROE of 10.02% will remain effective for customer billings, but subject to refund if the base ROE is changed by the FERC in a future order. The FERC is under no deadline to issue an order related to these proceedings. A 50 basis point change in the FERC-allowed ROE would affect Ameren’s and Ameren Illinois’ annual revenue by an estimated $17 million and $11 million, respectively, based on each company’s 2022 projected rate base.
v3.22.2.2
Short-Term Debt And Liquidity
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
SHORT-TERM DEBT AND LIQUIDITY SHORT-TERM DEBT AND LIQUIDITY
The liquidity needs of the Ameren Companies are typically supported through the use of available cash, drawings under committed credit agreements, commercial paper issuances, and, in the case of Ameren Missouri and Ameren Illinois, short-term affiliate borrowings. See Note 4 – Short-term Debt and Liquidity under Part II, Item 8, in the Form 10-K for a description of our indebtedness provisions and other covenants as well as a description of money pool arrangements.
Short-term Borrowings
The Missouri Credit Agreement and the Illinois Credit Agreement are available to support issuances under Ameren (parent)’s, Ameren Missouri’s, and Ameren Illinois’ commercial paper programs, respectively, subject to borrowing sublimits, and the issuance of letters of credit. As of September 30, 2022, 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 $1.1 billion. The Ameren Companies were in compliance with the covenants in their Credit Agreements as of September 30, 2022. As of September 30, 2022, the ratios of consolidated indebtedness to consolidated total capitalization, calculated in accordance with the provisions of the Credit Agreements, were 59%, 49%, and 45% for Ameren, Ameren Missouri, and Ameren Illinois, respectively.
The following table presents commercial paper outstanding, net of issuance discounts, as of September 30, 2022, and December 31, 2021. There were no borrowings outstanding under the Credit Agreements as of September 30, 2022, or December 31, 2021.
September 30, 2022December 31, 2021
Ameren (parent)$690 $277 
Ameren Missouri178 165 
Ameren Illinois353 103 
Ameren consolidated$1,221 $545 
The following table summarizes the activity and relevant interest rates for Ameren (parent)’s, Ameren Missouri’s, and Ameren Illinois’ commercial paper issuances and borrowings under the Credit Agreements in the aggregate for the nine months ended September 30, 2022 and 2021:
Ameren
(parent)
Ameren
Missouri
Ameren
Illinois
Ameren
Consolidated
2022
Average daily amount outstanding$439 $253 $99 $791 
Weighted-average interest rate1.58 %1.16 %1.77 %1.47 %
Peak amount outstanding during period(a)
$690 $539 $354 $1,222 
Peak interest rate3.55 %3.55 %3.60 %3.60 %
2021
Average daily amount outstanding$404 $121 $140 $665 
Weighted-average interest rate0.23 %0.22 %0.22 %0.22 %
Peak amount outstanding during period(a)
$650 $546 $485 $1,134 
Peak interest rate0.33 %0.25 %0.25 %0.33 %
(a)The timing of peak outstanding commercial paper issuances and borrowings under the Credit Agreements varies by company. Therefore, the sum of individual company peak amounts may not equal the Ameren consolidated peak for the period.
Money Pools
Ameren has money pool agreements with and among its subsidiaries to coordinate and provide for certain short-term cash and working capital requirements. The average interest rate for borrowings under the utility money pool for the three and nine months ended September 30, 2022, was 2.48% and 1.29%, respectively (2021 – 0.06% and 0.17%, respectively). See Note 8 – Related-party Transactions for the amount of interest income and expense from the utility money pool arrangements recorded by Ameren Missouri and Ameren Illinois for the three and nine months ended September 30, 2022 and 2021.
v3.22.2.2
Long-Term Debt And Equity Financings
9 Months Ended
Sep. 30, 2022
Long-Term Debt And Equity Financings [Abstract]  
LONG-TERM DEBT AND EQUITY FINANCINGS LONG-TERM DEBT AND EQUITY FINANCINGS
Ameren
For the three and nine months ended September 30, 2022, Ameren issued a total of 0.1 million and 0.4 million shares of common stock, respectively, under its DRPlus and 401(k) plan, and received proceeds of $4 million and $29 million, respectively, and had a receivable of $8 million as of September 30, 2022. In addition, in the first quarter of 2022, Ameren issued 0.4 million shares of common stock valued at $31 million upon the settlement of stock-based compensation awards.
In May 2021, Ameren entered into an equity distribution sales agreement pursuant to which Ameren may offer and sell from time to time up to $750 million of its common stock through an ATM program, which includes the ability to enter into forward sales agreements. There were no shares issued under the ATM program for the three and nine months ended September 30, 2022. As of September 30, 2022, Ameren had substantially utilized the available capacity under the ATM program, which takes into account the forward sale agreements discussed below.
Ameren has entered into multiple forward sale agreements under the ATM program with various counterparties relating to 6.6 million shares of common stock.
Related to the forward sale agreements outstanding as of September 30, 2022, these agreements can be settled at Ameren’s discretion on or prior to dates ranging from May 3, 2023 to March 8, 2024. On a settlement date or dates, if Ameren elects to physically settle a forward sale agreement, Ameren will issue shares of common stock to the counterparties at the then-applicable forward sale price. The initial forward sale price for the agreements ranged from $86.35 to $94.80 with an average initial forward sale price of $90.31. Each initial forward sale price is subject to adjustment based on a floating interest rate factor equal to the overnight bank funding rate less a spread of 75 basis points, and will be subject to decrease on certain dates specified in the forward sale agreements by specified amounts related to expected dividends on shares of the common stock during the term of the forward sale agreements. If the overnight bank funding rate is less than the spread on any day, the interest rate factor will result in a reduction of the forward sale price. The forward sale agreements will be physically settled unless Ameren elects to settle in cash or to net share settle. At September 30, 2022, Ameren could have settled the forward sale agreements with physical delivery of 6.6 million shares of common stock to the respective counterparties in exchange for cash of $587 million. Alternatively, the forward sale agreements could have also been settled at September 30, 2022, with the counterparties delivering approximately $58 million of cash or approximately 0.7 million shares of common stock to Ameren. In connection to the forward sale agreements, the various counterparties, or their affiliates, borrowed from third parties and sold 6.6 million shares of common stock. The gross sales price of these shares totaled $600 million. In connection with such sales, the counterparties were deemed to have received commissions of $6 million. Ameren has not received any proceeds from such sales of borrowed shares. The forward sale agreements have been classified as equity transactions.
Ameren Missouri
In April 2022, Ameren Missouri issued $525 million of 3.90% first mortgage bonds due April 2052, with interest payable semiannually on April 1 and October 1 of each year, beginning October 1, 2022. Ameren Missouri received net proceeds of $519 million, which were used to repay short-term debt and for near-term capital expenditures. Ameren Missouri intends to allocate an amount equal to the proceeds, after expenses, to sustainability projects meeting certain eligibility criteria.
Ameren Illinois
In August 2022, Ameren Illinois issued $500 million of 3.85% first mortgage bonds due September 2032, with interest payable semiannually on March 1 and September 1 of each year, beginning March 1, 2023. Ameren Illinois received net proceeds of $496 million, which were used to repay $400 million principal amount of its 2.70% senior secured notes that matured in September 2022 and short-term debt.
ATXI
In November 2021, pursuant to a note purchase agreement, ATXI agreed to issue $95 million of its 2.96% senior unsecured notes due 2052, with interest payable semiannually on February 25 and August 25 of each year, beginning February 25, 2023, through a private placement offering exempt from registration under the Securities Act of 1933, as amended. In August 2022, ATXI issued the notes and received net proceeds of $95 million, which were used to refinance the remaining portion of an intercompany long-term note with Ameren (parent), repay $50 million in principal amount of its 3.43% senior unsecured notes in August 2022, and repay short-term debt.
Indenture Provisions and Other Covenants
See Note 5 – Long-term Debt and Equity Financings under Part II, Item 8, in the Form 10-K for a description of our indenture provisions and other covenants, as well as restrictions on the payment of dividends. At September 30, 2022, 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 agreements.
Off-balance-sheet Arrangements
At September 30, 2022, none of the Ameren Companies had any significant off-balance-sheet financing arrangements, other than variable interest entities and the multiple forward sale agreements under the ATM program relating to common stock. See Note 1 – Summary of Significant Accounting Policies for further detail concerning variable interest entities.
v3.22.2.2
Other Income, Net
9 Months Ended
Sep. 30, 2022
Other Nonoperating Income (Expense) [Abstract]  
OTHER INCOME, NET OTHER INCOME, NET
The following table presents the components of “Other Income, Net” in the Ameren Companies’ statements of income for the three and nine months ended September 30, 2022 and 2021:
Three MonthsNine Months
2022202120222021
Ameren:
Allowance for equity funds used during construction
$12 $14 $31 $30 
Interest income on industrial development revenue bonds
6 18 19 
Non-service cost components of net periodic benefit income(a)
45 34 138 102 
Miscellaneous income
5 14 
Earnings (losses) related to equity method investments(3)1 
Donations
(1)(1)(5)(5)
Miscellaneous expense
(6)(1)(17)(10)
Total Other Income, Net$58 $56 $180 $151 
Ameren Missouri:
Allowance for equity funds used during construction
$7 $$17 $17 
Interest income on industrial development revenue bonds
6 18 19 
Non-service cost components of net periodic benefit income(a)
13 13 41 41 
Miscellaneous income
2 5 
Donations
 — (2)(1)
Miscellaneous expense
(3)(2)(7)(5)
Total Other Income, Net$25 $27 $72 $74 
Ameren Illinois:
Allowance for equity funds used during construction
$5 $$14 $13 
Non-service cost components of net periodic benefit income
21 13 63 41 
Miscellaneous income
4 — 9 
Donations
(1)(1)(3)(4)
Miscellaneous expense(3)— (8)(5)
Total Other Income, Net$26 $19 $75 $49 
(a)For the three and nine months ended September 30, 2022, the non-service cost components of net periodic benefit income were adjusted by amounts deferred of $5 million and $16 million, respectively, due to a regulatory tracking mechanism for the difference between the level of such costs incurred by Ameren Missouri under GAAP and the level of such costs included in rates. The deferral was $(3) million and $(6) million for both the three and nine months ended September 30, 2021, respectively. See Note 11– Retirement Benefits for additional information.
v3.22.2.2
Derivative Financial Instruments
9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE FINANCIAL INSTRUMENTS DERIVATIVE FINANCIAL INSTRUMENTS
We use derivatives to manage the risk of changes in market prices for natural gas, power, and uranium, as well as the risk of changes in rail transportation surcharges through fuel oil hedges. Such price fluctuations may cause the following:
an unrealized appreciation or depreciation of our contracted commitments to purchase or sell when purchase or sale prices under the commitments are compared with current commodity prices;
market values of natural gas and uranium inventories that differ from the cost of those commodities in inventory;
actual cash outlays for the purchase of these commodities that differ from anticipated cash outlays; and
actual off-system sales revenues that differ from anticipated revenues.
The derivatives that we use to hedge these risks are governed by our risk management policies for forward contracts, futures, options, and swaps. Our net positions are continually assessed within our structured hedging programs to determine whether new or offsetting transactions are required. The goal of the hedging program is generally to mitigate financial risks while ensuring that sufficient volumes are available to meet our requirements. Contracts we enter into as part of our risk management program may be settled financially, settled by physical delivery, or net settled with the counterparty.
All contracts considered to be derivative instruments are required to be recorded on the balance sheet at their fair values, unless the NPNS exception applies. Many of our physical contracts, such as our purchased power contracts, qualify for the NPNS exception to derivative accounting rules. The revenue or expense on NPNS contracts is recognized at the contract price upon physical delivery. The following disclosures exclude NPNS contracts and other non-derivative commodity contracts that are accounted for under the accrual method of accounting.
If we determine that a contract meets the definition of a derivative and is not eligible for the NPNS exception, we review the contract to determine whether the resulting gains or losses qualify for regulatory deferral. Derivative contracts that qualify for regulatory deferral are recorded at fair value, with changes in fair value recorded as regulatory assets or liabilities in the period in which the change occurs. We believe derivative losses and gains deferred as regulatory assets and liabilities are probable of recovery, or refund, through future rates charged to customers. Regulatory assets and liabilities are amortized to operating income as related losses and gains are reflected in rates charged to customers. Therefore, gains and losses on these derivatives have no effect on operating income. As of September 30, 2022, and December 31, 2021, all contracts that met the definition of a derivative and were not eligible for the NPNS exception received regulatory deferral. Cash flows for all derivative financial instruments are classified in cash flows from operating activities.
The following table presents open gross commodity contract volumes by commodity type for derivative assets and liabilities as of September 30, 2022, and December 31, 2021. As of September 30, 2022, these contracts extended through October 2024, October 2027, May 2032 and March 2024 for fuel oils, natural gas, power and uranium, respectively:
Quantity (in millions)
September 30, 2022December 31, 2021
CommodityAmeren MissouriAmeren IllinoisAmerenAmeren MissouriAmeren IllinoisAmeren
Fuel oils (in gallons)19  19 30 — 30 
Natural gas (in mmbtu)43 144 187 35 144 179 
Power (in MWhs)2 6 8 12 
Uranium (pounds in thousands)406  406 586 — 586 
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 September 30, 2022, and December 31, 2021:
September 30, 2022December 31, 2021
Balance Sheet LocationAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
Ameren
Fuel oilsOther current assets12  12 — 
Other assets3  3 — 
Natural gasMark-to-market derivative assets(a)57 (a)(a)28 (a)
Other current assets14  71 — 35 
Other assets13 21 34 13 18 
PowerMark-to-market derivative assets(a)11 (a)(a)— (a)
Other current assets28  39 23 — 23 
Other assets 5 5 — — — 
UraniumOther current assets2  2 — — — 
Other assets1  1 — 
Total assets$73 $94 $167 $49 $41 $90 
Fuel oilsOther deferred credits and liabilities1  1 — — — 
Natural gasMark-to-market derivative liabilities2 (a)(a)(a)(a)
Other current liabilities 9 11 — 
Other deferred credits and liabilities1 3 4 
PowerMark-to-market derivative liabilities111 (a)(a)50 (a)(a)
Other current liabilities  111 — 59 
Other deferred credits and liabilities14 36 50 23 108 131 
UraniumMark-to-market derivative liabilities (a)(a)(a)(a)
Other current liabilities   — — 
Total liabilities$129 $48 $177 $77 $125 $202 
(a)Balance sheet line item not applicable to registrant.
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 following table provides the recognized gross derivative balances and the net amounts of those derivatives subject to an enforceable master netting arrangement or similar agreement as of September 30, 2022, and December 31, 2021:
Gross Amounts Not Offset in the Balance Sheet
Commodity Contracts Eligible to be OffsetGross Amounts Recognized in the Balance SheetDerivative Instruments
Cash Collateral Received/Posted(a)
Net
Amount
September 30, 2022
Assets:
Ameren Missouri$73 $18 $2 $53 
Ameren Illinois94 13 1 80 
Ameren$167 $31 $3 $133 
Liabilities:
Ameren Missouri$129 $18 $99 $12 
Ameren Illinois48 13  35 
Ameren$177 $31 $99 $47 
December 31, 2021
Assets:
Ameren Missouri$49 $15 $— $34 
Ameren Illinois41 — 37 
Ameren$90 $19 $— $71 
Liabilities:
Ameren Missouri$77 $15 $47 $15 
Ameren Illinois125 — 121 
Ameren$202 $19 $47 $136 
(a)Cash collateral received reduces gross asset balances and is included in “Other current liabilities” and “Other deferred credits and liabilities” on the balance sheet. Cash collateral posted reduces gross liability balances and is included in “Current collateral assets” and “Other assets” on the balance sheet for Ameren and Ameren Missouri and “Other current assets” and “Other assets” for Ameren Illinois.
Credit Risk
In determining our concentrations of credit risk related to derivative instruments, we review our individual counterparties and categorize each counterparty into groupings according to the primary business in which each engages. As of September 30, 2022, if counterparty groups were to fail completely to perform on contracts, Ameren, Ameren Missouri, and Ameren Illinois’ maximum exposure related to derivative assets, predominantly from financial institutions, was $142 million, $55 million, and $87 million, respectively. The potential loss on counterparty exposures may be reduced or eliminated by the application of master netting arrangements or similar agreements and collateral held. As of September 30, 2022, the potential loss after consideration of the application of master netting arrangements or similar agreements and collateral held for Ameren, Ameren Missouri, and Ameren Illinois was $124 million, $43 million, and $81 million, respectively.
Certain of our derivative instruments contain collateral provisions tied to the Ameren Companies’ credit ratings. If our credit ratings were downgraded below investment grade, or if a counterparty with reasonable grounds for uncertainty regarding our ability to satisfy an obligation requested adequate assurance of performance, additional collateral postings might be required. The additional collateral required is the net liability position allowed under master netting arrangements or similar agreements, assuming (1) the credit risk-related contingent features underlying these arrangements were triggered and (2) those counterparties with rights to do so requested collateral. As of September 30, 2022, the aggregate fair value of derivative instruments with credit risk-related contingent features in a gross liability position, the cash collateral posted, and the aggregate amount of additional collateral that counterparties could require were each immaterial to Ameren, Ameren Missouri, and Ameren Illinois.
v3.22.2.2
Fair Value Measurements
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Fair Value Disclosures FAIR VALUE MEASUREMENTS
Fair value is defined as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair value measurements are classified in three levels based on the fair value hierarchy as defined by GAAP. See Note 8 – Fair Value Measurements under Part II, Item 8, of the Form 10-K for information related to hierarchy levels and valuation techniques.
We consider nonperformance risk in our valuation of derivative instruments by analyzing our own credit standing and the credit standing of our counterparties, and by considering any credit enhancements (e.g., collateral). Included in our valuation, and based on current market conditions, is a valuation adjustment for counterparty default derived from market data such as the price of credit default swaps, bond yields, and credit ratings. No material gains or losses related to valuation adjustments for counterparty default risk were recorded at Ameren, Ameren Missouri, or Ameren Illinois in the three and nine months ended September 30, 2022 or 2021. At September 30, 2022, and
December 31, 2021, 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 September 30, 2022, and December 31, 2021:
September 30, 2022December 31, 2021
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:
Ameren Missouri
Derivative assets – commodity contracts:
Fuel oils$13 $ $2 $15 $13 $— $— $13 
Natural gas1 26  27 — 12 — 12 
Power9  19 28 10 — 13 23 
Uranium  3 3 — — 
Total derivative assets – commodity contracts$23 $26 $24 $73 $23 $12 $14 $49 
Nuclear decommissioning trust fund:
Equity securities:
U.S. large capitalization$574 $ $ $574 $824 $— $— $824 
Debt securities:
U.S. Treasury and agency securities 148  148 — 141 — 141 
Corporate bonds 115  115 — 131 — 131 
Other 64  64 — 56 — 56 
Total nuclear decommissioning trust fund$574 $327 $ $901 
(a)
$824 $328 $— $1,152 
(a)
Total Ameren Missouri$597 $353 $24 $974 $847 $340 $14 $1,201 
Ameren Illinois
Derivative assets – commodity contracts:
Natural gas$6 $65 $7 $78 $$33 $$41 
Power  16 16 — — — — 
Total Ameren Illinois$6 $65 $23 $94 $$33 $$41 
Ameren
Derivative assets – commodity contracts(b)
$29 $91 $47 $167 $24 $45 $21 $90 
Nuclear decommissioning trust fund(c)
574 327  901 
(a)
824 328 — 1,152 
(a)
Total Ameren$603 $418 $47 $1,068 $848 $373 $21 $1,242 
Liabilities:
Ameren Missouri
Derivative liabilities – commodity contracts:
Fuel oils$1 $ $ $1 $— $— $— $— 
Natural gas 2 1 3 — 
Power98  27 125 45 — 28 73 
Uranium    — — 
Total Ameren Missouri$99 $2 $28 $129 $45 $$30 $77 
Ameren Illinois
Derivative liabilities – commodity contracts:
Natural gas$ $6 $6 $12 $— $$$
Power  36 36 — — 117 117 
Total Ameren Illinois$ $6 $42 $48 $— $$120 $125 
Ameren
Derivative liabilities – commodity contracts(b)
$99 $8 $70 $177 $45 $$150 $202 
(a)Balance excludes $9 million and $7 million of cash and cash equivalents, receivables, payables, and accrued income, net, for September 30, 2022, and December 31, 2021, respectively.
(b)See the Ameren Missouri and Ameren Illinois sections of the table for a breakout of the fair value of Ameren’s derivative assets and liabilities by type of commodity.
(c)See the Ameren Missouri section of the table for a breakout of the fair value of Ameren’s nuclear decommissioning trust fund by investment type.
Level 3 fuel oils, natural gas, and uranium derivative contract assets and liabilities measured at fair value on a recurring basis were immaterial for all periods presented. The following table presents the fair value reconciliation of Level 3 power derivative contract assets and liabilities measured at fair value on a recurring basis for the three and nine months ended September 30, 2022 and 2021:
20222021
Ameren MissouriAmeren IllinoisAmerenAmeren MissouriAmeren IllinoisAmeren
For the three months ended September 30:
Beginning balance at July 1
$(36)$(44)$(80)$(5)$(166)$(171)
Realized and unrealized gains/(losses) included in regulatory assets/liabilities(10)30 20 (16)19 
Settlements38 (6)32 (2)
Ending balance at September 30
$(8)$(20)$(28)$(23)$(144)$(167)
Change in unrealized gains/(losses) related to assets/liabilities held at September 30
$(3)$28 $25 $(17)$19 $
For the nine months ended September 30:
Beginning balance at January 1$(15)$(117)$(132)$$(198)$(196)
Realized and unrealized gains/(losses) included in regulatory assets/liabilities(56)105 49 (22)43 21 
Settlements63 (8)55 (3)11 
Ending balance at September 30
$(8)$(20)$(28)$(23)$(144)$(167)
Change in unrealized gains/(losses) related to assets/liabilities held at September 30
$(39)$100 $61 $(21)$42 $21 
All gains or losses related to our Level 3 derivative commodity contracts are expected to be recovered or returned through customer rates; therefore, there is no impact to either net income or other comprehensive income resulting from changes in the fair value of these instruments.
The following table describes the valuation techniques and significant unobservable inputs utilized for the fair value of our Level 3 power derivative contract assets and liabilities as of September 30, 2022, and December 31, 2021:
Fair Value
Weighted Average(b)
CommodityAssetsLiabilitiesValuation Technique(s)
Unobservable Input(a)
Range
2022
Power(c)
$35$(63)Discounted cash flow
Average forward peak and off-peak pricing  forwards/swaps ($/MWh)
42 – 118
60
Nodal basis ($/MWh)
(15) – 2
(5)
Trend rate (%)
0 – 1
0
2021
Power(d)
$13$(145)Discounted cash flowAverage forward peak and off-peak pricing – forwards/swaps ($/MWh)
32 – 55
40
Nodal basis ($/MWh)
(14) – 0
(2)
Trend rate (%)(e)0
(a)Generally, significant increases (decreases) in these inputs in isolation would result in a significantly higher (lower) fair value measurement.
(b)Unobservable inputs were weighted by relative fair value.
(c)Valuations through 2031 use visible forward prices adjusted for nodal-to-hub basis differentials. Valuations beyond 2031 use a trend rate factor and are similarly adjusted for nodal-to-hub basis differentials.
(d)Valuations through 2029 use visible forward prices adjusted for nodal-to-hub basis differentials. Valuations beyond 2029 use a trend rate factor and are similarly adjusted for nodal-to-hub basis differentials.
(e)No meaningful range around weighted average.
The following table sets forth the carrying amount and, by level within the fair value hierarchy, the fair value of financial assets and liabilities disclosed, but not recorded, at fair value as of September 30, 2022, and December 31, 2021:
Carrying
Amount
Fair Value
Level 1Level 2Level 3Total
September 30, 2022
Ameren:
Cash, cash equivalents, and restricted cash$180 $180 $ $ $180 
Investments in industrial development revenue bonds(a)
248  248  248 
Short-term debt1,221  1,221  1,221 
Long-term debt (including current portion)(a)
13,732 
(b)
 11,493 446 
(c)
11,939 
Ameren Missouri:
Cash, cash equivalents, and restricted cash$7 $7 $ $ $7 
Investments in industrial development revenue bonds(a)
248  248  248 
Short-term debt178  178  178 
Long-term debt (including current portion)(a)
6,140 
(b)
 5,352  5,352 
Ameren Illinois:
Cash, cash equivalents, and restricted cash$166 $166 $ $ $166 
Short-term debt353  353  353 
Long-term debt (including current portion)4,489 
(b)
 3,868  3,868 
December 31, 2021
Ameren:
Cash, cash equivalents, and restricted cash$155 $155 $— $— $155 
Investments in industrial development revenue bonds(a)
248 — 248 — 248 
Short-term debt545 — 545 — 545 
Long-term debt (including current portion)(a)
13,067 
(b)
— 13,930 591 
(c)
14,521 
Ameren Missouri:
Cash, cash equivalents, and restricted cash$$$— $— $
Investments in industrial development revenue bonds(a)
248 — 248 — 248 
Short-term debt165 — 165 — 165 
Long-term debt (including current portion)(a)
5,619 
(b)
— 6,321 — 6,321 
Ameren Illinois:
Cash, cash equivalents, and restricted cash$133 $133 $— $— $133 
Short-term debt103 — 103 — 103 
Long-term debt (including current portion)4,392 
(b)
— 4,971 — 4,971 
(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 September 30, 2022, and December 31, 2021, 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 $99 million, $42 million, and $41 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of September 30, 2022. Included unamortized debt issuance costs, which were excluded from the fair value measurement, of $94 million, $38 million, and $39 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of December 31, 2021.
(c)The Level 3 fair value amount consists of ATXI’s senior unsecured notes.
v3.22.2.2
Related Party Transactions
9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED-PARTY TRANSACTIONS
In the ordinary course of business, Ameren Missouri and Ameren Illinois have engaged in, and may in the future engage in, affiliate transactions. These transactions primarily consist of natural gas and power purchases and sales, services received or rendered, and borrowings and lendings. Transactions between Ameren’s subsidiaries are reported as affiliate transactions on their individual financial statements, but those transactions are eliminated in consolidation for Ameren’s consolidated financial statements. For a discussion of material related-party agreements and money pool arrangements, see Note 13 – Related-party Transactions and Note 4 – Short-term Debt and Liquidity under Part II, Item 8, of the Form 10-K.
Support Services Agreements
Ameren Missouri and Ameren Illinois had long-term receivables included in “Other assets” from Ameren Services of $80 million and $83 million, respectively, as of September 30, 2022, and $77 million and $80 million, respectively, as of December 31, 2021, related to Ameren Services’ allocated portion of Ameren’s pension and postretirement benefit plans.
Tax Allocation Agreement
See Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of the Form 10-K for a discussion of the tax allocation agreement. The following table presents the affiliate balances related to income taxes for Ameren Missouri and Ameren Illinois as of September 30, 2022, and December 31, 2021:
September 30, 2022December 31, 2021
Ameren MissouriAmeren IllinoisAmeren MissouriAmeren Illinois
Income taxes payable to parent(a)
$ $72 $— $
Income taxes receivable from parent(b)
12  27 18 
(a)Included in “Accounts payable – affiliates” on the balance sheet.
(b)Included in “Accounts receivable – affiliates” on the balance sheet.
Effects of Related-party Transactions on the Statement of Income
The following table presents the impact on Ameren Missouri and Ameren Illinois of related-party transactions for the three and nine months ended September 30, 2022 and 2021:
Three MonthsNine Months
AgreementIncome Statement
Line Item
Ameren
Missouri
Ameren
Illinois
Ameren
Missouri
Ameren
Illinois
Ameren Missouri power supplyOperating Revenues2022$2 $(a)$7 $(a)
agreements with Ameren Illinois
2021(a)10 (a)
Ameren Missouri and Ameren IllinoisOperating Revenues2022$6 $(b)$18 $(b)
rent and facility services
2021(b)20 (b)
Ameren Missouri and Ameren Illinois miscellaneousOperating Revenues2022$(b)$(b)$(b)$1 
services2021(b)(b)
Total Operating Revenues2022$8 $(b)$25 $1 
202111 30 
Ameren Illinois power supplyPurchased Power2022$(a)$2 $(a)$7 
agreements with Ameren Missouri
2021(a)(a)10 
Ameren Missouri and Ameren IllinoisPurchased Power2022$1 $(b)$1 $(b)
transmission services from ATXI2021(b)
Total Purchased Power2022$1 $2 $1 $7 
202111 
Ameren Missouri and Ameren IllinoisOther Operations and Maintenance2022$(b)$1 $(b)$2 
rent and facility services
2021(b)(b)
Ameren Services support servicesOther Operations and Maintenance2022$38 $36 $109 $103 
agreement
202141 37 110 101 
Total Other Operations and2022$38 $37 $109 $105 
Maintenance202141 38 110 104 
Money pool borrowings (advances)(Interest Charges)/Other Income, Net2022$(b)$(b)$(b)$(b)
2021(b)(b)(b)(b)
(a)Not applicable.
(b)Amount less than $1 million.
v3.22.2.2
Commitments And Contingencies
9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES
We are involved in legal, tax, and regulatory proceedings before various courts, regulatory commissions, authorities, and governmental agencies with respect to matters that arise in the ordinary course of business, some of which involve substantial amounts of money. We believe that the final disposition of these proceedings, except as otherwise disclosed in the notes to our financial statements in this report and in the Form 10-K, will not have a material adverse effect on our results of operations, financial position, or liquidity.
Reference is made to Note 1 – Summary of Significant Accounting Policies, Note 2 – Rate and Regulatory Matters, Note 9 – Callaway Energy Center, Note 13 – Related-party Transactions, and Note 14 – Commitments and Contingencies under Part II, Item 8, of the Form 10-K. See also Note 1 – Summary of Significant Accounting Policies, Note 2 – Rate and Regulatory Matters, Note 8 – Related-party Transactions, and Note 10 – Callaway Energy Center of this report.
Environmental Matters
Our electric generation, transmission, and distribution and natural gas distribution and storage operations must comply with a variety of statutes and regulations relating to the protection of the environment and human health and safety, including permitting programs implemented via federal, state, and local authorities. Such environmental laws address air emissions; discharges to water bodies; the storage, handling and disposal of hazardous substances and waste materials; siting and land use requirements; and potential ecological impacts. 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. We employ dedicated personnel knowledgeable in environmental matters to oversee our business activities’ compliance with regulatory requirements.
Environmental regulations have a significant impact on the electric utility industry and compliance with these regulations could be costly for Ameren Missouri, which operates coal-fired power plants. Regulations under the Clean Air Act that apply to 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. Regulations implementing the Clean Water Act govern both intake and discharges of water, as well as evaluation of the ecological and biological impact of our operations and could require modifications to water intake structures or more stringent limitations on wastewater discharges. Depending upon the scope of modifications ultimately required by state regulators, capital expenditures associated with these modifications could be significant. The management and disposal of coal ash is regulated under the Resource Conservation and Recovery Act and the CCR Rule, which require the closure of certain surface impoundments at Ameren Missouri’s coal-fired energy centers. The individual or combined effects of compliance with existing and new 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.
Additionally, Ameren Missouri’s wind generation facilities may be subject to operating restrictions to limit the impact on protected species. Nighttime operating restrictions may be required during the critical biological season, which typically occurs from April through October. Seasonal nighttime curtailment began at the High Prairie Renewable Energy Center at the end of March 2022. Ameren Missouri expects to resume nighttime operations in November 2022, but the extent and duration of future seasonal nighttime curtailment is unknown as assessment of mitigation technologies is ongoing. Ameren Missouri does not anticipate these operating curtailments to result in significant impacts on its results of operations, financial position, or liquidity.
Ameren and Ameren Missouri estimate that they will need to make capital expenditures of $125 million to $175 million from 2022 through 2026 in order to comply with existing environmental regulations. Additional environmental controls beyond 2026 could be required. This estimate of capital expenditures includes ash pond closure and corrective action measures required by the CCR Rule and potential modifications to cooling water intake structures at existing power plants under Clean Water Act rules, all of which are discussed below. In addition to planned retirements of fossil fuel-fired energy centers as set forth in the 2022 Change to the 2020 IRP filed with the MoPSC in June 2022 and as noted in the NSR and Clean Air Act litigation and Illinois emissions standards discussed below, Ameren Missouri’s current plan for compliance with existing air emission regulations includes burning low-sulfur coal and installing new or optimizing existing air pollution control equipment. The actual amount of capital expenditures required to comply with existing environmental regulations may vary substantially from the above estimates because of uncertainty as to future permitting requirements made by state regulators and the EPA, potential revisions to regulatory obligations, and the cost of potential compliance strategies, 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 the CSAPR, 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 the reduction of emissions at their source and the use and retirement of emission allowances. CSAPR is implemented through a series of phases, and the second phase became effective in 2017. In April 2022, the EPA proposed plans for additional emission reductions from power plants in Missouri, Illinois, and other states through revisions to the CSAPR; and additional emission reduction requirements may apply in subsequent years. The EPA expects to issue a final rule in March 2023. Ameren Missouri complies with current CSAPR requirements by minimizing emissions through the use of low-sulfur coal, operation of two scrubbers at its Sioux Energy Center, and optimization of other existing air pollution control equipment. Ameren Missouri could incur additional costs to lower its emissions at one or more of its energy centers to comply with additional CSAPR requirements in future years. These additional costs for compliance are expected to be recovered from customers through the FAC or higher base rates.
CO2 Emissions Standards
In June 2022, the United States Supreme Court issued its decision in West Virginia v. EPA. The decision clarifies that there are limits on how the EPA may regulate greenhouse gases absent further direction from the United States Congress. The court concluded that emission caps that would cause generation shifting from fossil-fuel-fired power plants to renewable energy facilities would require specific congressional authorization and that such authorization had not been given under the Clean Air Act. The decision by the United States Supreme Court may affect the EPA’s development of any new regulations to address CO2 emissions from coal- and natural gas-fired power plants; however, at this time, Ameren Missouri cannot predict the impact of any such regulations or the decision by the United States Supreme Court on the results of operations, financial position, and liquidity of Ameren or Ameren Missouri.
NSR and Clean Air Act Litigation
In January 2011, the United States Department of Justice, on behalf of the EPA, filed a complaint against Ameren Missouri in the United States District Court for the Eastern District of Missouri alleging that projects performed in 2007 and 2010 at the coal-fired Rush Island Energy Center violated provisions of the Clean Air Act and Missouri law. In January 2017, the district court issued a liability ruling against Ameren Missouri and, in September 2019, entered a remedy order that required Ameren Missouri to install a flue gas desulfurization system at the Rush Island Energy Center and a dry sorbent injection system at the Labadie Energy Center. Following an appeal from Ameren Missouri in August 2021, the United States Court of Appeals for the Eighth Circuit affirmed the liability ruling and the district court’s remedy order as it related to the installation of a flue gas desulfurization system at the Rush Island Energy Center, but reversed the order as it related to the installation of a dry sorbent injection system at the Labadie Energy Center. In November 2021, the court of appeals issued an order denying requests for consideration previously sought by both Ameren Missouri and the United States Department of Justice.
Based on its assessment of available legal, operational, and regulatory alternatives, Ameren Missouri filed a motion in December 2021, with the district court to modify the remedy order to allow the retirement of the Rush Island Energy Center in advance of its previously expected useful life in lieu of installing a flue gas desulfurization system. The March 31, 2024 compliance date contained in the district court’s September 2019 remedy order remains in effect unless extended by the district court. In July 2022, in response to an Ameren Missouri request for a final, binding reliability assessment, the MISO designated the Rush Island Energy Center as a system support resource and concluded that certain mitigation measures, including transmission upgrades, should occur before the energy center is retired. The transmission upgrade projects have been approved by the MISO, and Ameren Missouri has started design and procurement activities necessary to complete the upgrades and expects to complete the upgrades by late 2025. In October 2022, the FERC approved a system support resource agreement, which became effective retroactively as of September 1, 2022. The agreement details the manner of continued operation for a system support resource that results in operating during peak demand times and emergencies. The system support resource designation and the related agreement are subject to annual renewal and revision. In September 2022, the Rush Island Energy Center began operating consistent with the system support resource agreement. In addition, in October 2022, the FERC established hearing and settlement procedures in response to an August 2022 request from Ameren Missouri for recovery of non-energy costs under the related MISO tariff. The FERC is under no deadline to issue an order related to this proceeding. Revenues and costs under the MISO tariff are expected to be included in the FAC. The district court has the authority to determine the retirement date and operating parameters for the Rush Island Energy Center and is not bound by the MISO determination of the Rush Island Energy Center as a system support resource or the FERC’s approval. The district court is under no deadline to issue a ruling modifying the remedy order. Related to this matter, in February 2022, the MoPSC issued an order directing the MoPSC staff to review the planned accelerated retirement of the Rush Island Energy Center. See Note 2 – Rate and Regulatory Matters for additional information.
In connection with the planned accelerated retirement of the Rush Island Energy Center, Ameren Missouri expects to seek approval from the MoPSC to finance the costs associated with the retirement, including the remaining unrecovered net plant balance associated with the facility, through the issuance of securitized utility tariff bonds pursuant to the Missouri securitization statute. As such, Ameren Missouri did not request a change in the depreciation rates related to the Rush Island Energy Center in the electric regulatory rate review filed in August 2022. See Note 2 – Rate and Regulatory Matters for additional information on the August 2022 electric regulatory rate review. As of September 30, 2022, the Rush Island Energy Center had a net plant balance of approximately $0.6 billion included in plant to be abandoned, net, within “Property, Plant, and Equipment, Net” and a rate base of approximately $0.5 billion. See Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of the Form 10-K for additional information regarding plant to be abandoned, net. In addition, Ameren Missouri filed a 2022 Change to the 2020 IRP with the MoPSC in June 2022 to reflect, among other things, the planned acceleration of the retirement of the Rush Island Energy Center from 2039, the retirement year for the facility as reflected in the 2020 IRP and reflected in depreciation rates approved by the December 2021 MoPSC electric rate order.
Ameren Missouri is unable to predict the ultimate resolution of this matter; however, such resolution could have a material adverse effect on the results of operations, financial position, and liquidity of Ameren and Ameren Missouri.
Clean Water Act
The EPA’s regulations implementing Section 316(b) of the Clean Water Act require power plant operators to evaluate cooling water intake structures and identify measures for reducing the number of aquatic organisms impinged on a power plant’s cooling water intake screens or entrained through the plant’s cooling water system. All of Ameren Missouri’s coal-fired and nuclear energy centers are subject to the cooling water intake structures rule. Requirements of the rule are implemented by state regulators through the permit renewal process of each power plant’s water discharge permit. Permits for Ameren Missouri’s coal-fired and nuclear energy centers have been issued or are in the process of renewal.
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, prohibit effluent discharges of certain waste streams, and impose more stringent limitations on certain water discharges from power plants by 2025. To meet the requirements of the guidelines, Ameren Missouri installed dry ash handling systems and in 2020 completed construction of wastewater treatment facilities at three of its four coal-fired energy centers. The Meramec Energy Center will be retired by the end of 2022 and, as a result, does not require new wastewater and dry ash handling systems.
CCR Management
The EPA’s CCR Rule establishes requirements for the management and disposal of CCR from coal-fired power plants and will result in the closure of certain surface impoundments at Ameren Missouri’s energy centers. Ameren Missouri completed the closure of all surface impoundments at its Labadie and Rush Island energy centers in 2021, and has made significant progress by closing several surface impoundments at its Sioux and Meramec energy centers. Ameren Missouri plans to complete the closures of the remaining surface impoundments as required by the CCR Rule in 2024. In January 2022, Ameren Missouri received notices of a proposed determination by the EPA preliminarily denying Ameren Missouri’s requests to extend the timeline for operating certain surface impoundments located at the Sioux and Meramec energy centers. Pursuant to the terms of the proposed determinations, compliance with the CCR Rule’s requirements for closure of the surface impoundments would be required 135 days after the EPA issues a final determination. In February 2022, Ameren Missouri filed comments with the EPA requesting additional time to construct a CCR Rule-compliant impoundment at the Sioux Energy Center and complete the closure of the surface impoundments at the Meramec Energy Center. The EPA is under no deadline to issue a final determination. Continued use of surface impoundments at the Sioux or Meramec energy centers is necessary to support ongoing operations. Ameren Missouri will retire the Meramec Energy Center by the end of 2022, and construction of a CCR Rule-compliant surface impoundment at the Sioux Energy Center is expected to be completed by the end of 2022 to allow for continued operations. Ameren Missouri does not expect that this matter will have a material adverse effect on its results of operations, financial position, or liquidity.
Ameren and Ameren Missouri have AROs of $49 million recorded on their respective balance sheets as of September 30, 2022, associated with CCR storage facilities. Ameren Missouri estimates it will need to make capital expenditures of $60 million to $80 million from 2022 through 2026 to implement its CCR management compliance plan, which includes installation of groundwater monitoring equipment and groundwater treatment facilities.
Remediation
The Ameren Companies are involved in a number of remediation actions to clean up sites impacted by the use or disposal of materials containing hazardous substances. Federal and state laws can require responsible parties to fund remediation regardless of their degree of fault, the legality of original disposal, or the ownership of a disposal site.
As of September 30, 2022, Ameren Illinois has remediated the majority of the 44 former MGP sites in Illinois and could substantially conclude remediation efforts at the remaining sites by 2023. The ICC allows Ameren Illinois to recover such remediation and related litigation costs from its electric and natural gas utility customers through environmental cost riders that are subject to annual prudence reviews by the ICC. As of September 30, 2022, Ameren Illinois estimated the remaining obligation related to these former MGP sites at $71 million to $145 million. Ameren and Ameren Illinois recorded a liability of $71 million to represent the estimated minimum obligation for these sites, as no other amount within the range was a better estimate. About half of the remaining liability recorded relates to remediation activities that are expected to be completed after 2023.
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 actual costs, including unanticipated underground structures, the degree to which groundwater is encountered, regulatory changes, local ordinances, and site accessibility. The actual costs and timing of completion may vary substantially from these estimates.
Our operations or those of our predecessor companies involve the use of, disposal of, and, in appropriate circumstances, the cleanup of substances regulated under environmental laws. We are unable to determine whether such historical practices will result in future environmental commitments or will affect our results of operations, financial position, or liquidity.
Illinois Emission Standards
The IETL established emission standards that became effective in September 2021. Ameren Missouri’s natural gas-fired energy centers in Illinois are subject to limits on emissions, including CO2 and NOx, equal to their unit-specific average emissions from 2018 through 2020, for any rolling twelve-month period beginning October 1, 2021, through 2029. Further reductions to emissions limits will become effective between 2030 and 2040, resulting in the closure of the Venice Energy Center by 2029. The reductions could also limit the operations of Ameren Missouri’s other four natural gas-fired energy centers located in the state of Illinois, and will result in their closure by 2040. These energy centers are utilized to support peak loads. Subject to conditions in the IETL, these energy centers may be allowed to exceed the emissions limits in order to maintain reliability of electric utility service as necessary. Ameren Missouri filed a 2022 Change to the 2020 IRP with the MoPSC in June 2022 to reflect, among other things, the updated scheduled retirement dates of the natural gas-fired energy centers located in the state of Illinois.
v3.22.2.2
Callaway Energy Center
9 Months Ended
Sep. 30, 2022
Nuclear Waste Matters [Abstract]  
CALLAWAY ENERGY CENTER CALLAWAY ENERGY CENTER
See Note 9 – Callaway Energy Center under Part II, Item 8, of the Form 10-K for information regarding spent nuclear fuel recovery, recovery of decommissioning costs, and the nuclear decommissioning trust fund. The fair value of the trust fund for Ameren Missouri’s Callaway Energy Center is reported as “Nuclear decommissioning trust fund” in Ameren’s and Ameren Missouri’s balance sheets. This amount is legally restricted and may be used only to fund the costs of nuclear decommissioning. Changes in the fair value of the trust fund are recorded as an increase or decrease to the nuclear decommissioning trust fund, with an offsetting adjustment to the related regulatory liability. 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 November 2020 and reflected within the ARO. In February 2021, the MoPSC approved no change in electric rates for decommissioning costs based on Ameren Missouri’s updated cost study funding analysis. See Note 13 – Supplemental Information for more information on Ameren Missouri’s AROs.
Maintenance Outage
See Note 9 – Callaway Energy Center under Part II, Item 8, of the Form 10-K for information regarding a maintenance outage from a non-nuclear operating issue related to the Callaway Energy Center’s generator in late December 2020 and subsequent return to service on August 4, 2021, along with the related insurance claims. In April 2022, Ameren Missouri received $22 million from NEIL related to lost sales insurance claims.
Insurance
The following table presents insurance coverage at Ameren Missouri’s Callaway Energy Center at September 30, 2022:
Type and Source of CoverageMost Recent
Renewal Date
Maximum CoveragesMaximum Assessments
for Single Incidents
Public liability and nuclear worker liability:
American Nuclear InsurersJanuary 1, 2022$450 $— 
Pool participation(a)13,210 
(a) 
138 
(b) 
$13,660 
(c) 
$138 
Property damage:
NEIL and EMANIApril 1, 2022$3,200 
(d)
$26 
(e) 
Accidental outage:
NEILApril 1, 2022$490 
(f) 
$
(e) 
(a)Provided through mandatory participation in an industrywide retrospective premium assessment program. The maximum coverage available is dependent on the number of United States commercial reactors participating in the program.
(b)Retrospective premium under the Price-Anderson Act. This is subject to retrospective assessment with respect to a covered loss in excess of $450 million in the event of an incident at any licensed United States commercial reactor, payable at $21 million per year.
(c)Limit of liability for each incident under the Price-Anderson liability provisions of the Atomic Energy Act of 1954, as amended. This limit is subject to change to account for the effects of inflation and changes in the number of licensed power reactors.
(d)NEIL provides $2.7 billion in property damage, stabilization, decontamination, and premature decommissioning insurance for radiation events and $2.3 billion in property damage insurance for nonradiation events. EMANI provides $490 million in property damage insurance for both radiation and nonradiation events.
(e)All NEIL-insured plants could be subject to assessments should losses exceed the accumulated funds from NEIL.
(f)Accidental outage insurance provides for lost sales in the event of a prolonged accidental outage. Weekly indemnity up to $4.5 million for 52 weeks, which commences after the first 12 weeks of an outage, plus up to $3.6 million per week for a minimum of 71 weeks thereafter for a total not exceeding the policy limit of $490 million. Nonradiation events are limited to $328 million.
The Price-Anderson Act is a federal law that limits the liability for claims from an incident involving any licensed United States commercial nuclear energy center. The limit is based on the number of licensed reactors. The limit of liability and the maximum potential annual payments are adjusted at least every five years for inflation to reflect changes in the Consumer Price Index. The most recent five-year inflationary adjustment became effective in November 2018. Owners of a nuclear reactor cover this exposure through a combination of private insurance and mandatory participation in a financial protection pool, as established by the Price-Anderson Act.
Losses resulting from terrorist attacks on nuclear facilities insured by NEIL are subject to industrywide aggregates, such that terrorist acts against one or more commercial nuclear power plants within a stated time period would be treated as a single event, and the owners of the nuclear power plants would share the limit of liability. NEIL policies have an aggregate limit of $3.2 billion within a 12-month period for radiation events, or $1.8 billion for events not involving radiation contamination, resulting from terrorist attacks. The EMANI policies are not subject to industrywide aggregates in the event of terrorist attacks on nuclear facilities.
If losses from a nuclear incident at the Callaway Energy Center exceed the limits of, or are not covered by insurance, or if coverage is unavailable, Ameren Missouri is at risk for any uninsured losses. If a serious nuclear incident were to occur, it could have a material adverse effect on Ameren’s and Ameren Missouri’s results of operations, financial position, or liquidity.
v3.22.2.2
Retirement Benefits
9 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
RETIREMENT BENEFITS RETIREMENT BENEFITS
The following table presents the components of the net periodic benefit cost (income) incurred for Ameren’s pension and postretirement benefit plans for the three and nine months ended September 30, 2022 and 2021:
Pension BenefitsPostretirement Benefits
Three MonthsNine MonthsThree MonthsNine Months
20222021202220212022202120222021
Service cost(a)
$31 $33 $95 $100 $5 $$15 $17 
Non-service cost components:
Interest cost42 38 123 114 8 25 25 
Expected return on plan assets(80)(74)(240)(223)(21)(20)(64)(60)
Amortization of:
Prior service benefit —  — (1)(1)(3)(3)
Actuarial loss (gain)7 18 19 55 (5)(1)(14)(4)
Total non-service cost components(b)
$(31)$(18)$(98)$(54)$(19)$(13)$(56)$(42)
Net periodic benefit cost (income)(c)
$ $15 $(3)$46 $(14)$(8)$(41)$(25)
(a)Service cost, net of capitalization, is reflected in “Operating Expenses – Other operations and maintenance” on Ameren’s statement of income.
(b)Non-service cost components are reflected in “Other Income, Net” on Ameren’s statement of income. See Note 5 – Other Income, Net, for additional information.
(c)Does not include the impact of the regulatory tracking mechanism for the difference between the level of pension and postretirement benefit costs incurred by Ameren Missouri under GAAP and the level of such costs included in rates.
Ameren Missouri and Ameren Illinois are responsible for their respective share of Ameren’s pension and other postretirement costs. The following table presents the respective share of net periodic pension and other postretirement benefit costs (income) incurred for the three and nine months ended September 30, 2022 and 2021:
Pension BenefitsPostretirement Benefits
Three MonthsNine MonthsThree MonthsNine Months
20222021202220212022202120222021
Ameren Missouri(a)
$ $$(2)$22 $(3)$(1)$(10)$(3)
Ameren Illinois1 2 25 (11)(8)(31)(23)
Other(1)— (3)(1)  
Ameren(a)
$ $15 $(3)$46 $(14)$(8)$(41)$(25)
(a)Does not include the impact of the regulatory tracking mechanism for the difference between the level of pension and postretirement benefit costs incurred by Ameren Missouri under GAAP and the level of such costs included in rates.
v3.22.2.2
Income Taxes
9 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
The following table presents a reconciliation of the federal statutory corporate income tax rate to the effective income tax rate for the three and nine months ended September 30, 2022 and 2021:
AmerenAmeren MissouriAmeren Illinois
202220212022202120222021
Three Months
Federal statutory corporate income tax rate21 %21 %21 %21 %21 %21 %
Increases (decreases) from:
Amortization of deferred investment tax credit (1)(1)(1) — 
Amortization of excess deferred taxes(a)
(8)(8)

(15)(17)

(2)(2)
Depreciation differences —  —  (1)
Renewable and other tax credits(b)
(4)(2)(10)(8) — 
State tax4 3 7 
Stock-based compensation1 —  —  — 
Cash surrender value of COLI1 —  —  — 
Effective income tax rate15 %14 %(2)%(1)%26 %25 %
Nine Months
Federal statutory corporate income tax rate21 %21 %21 %21 %21 %21 %
Increases (decreases) from:
Amortization of deferred investment tax credit — (1)—  — 
Amortization of excess deferred taxes(a)
(8)(9)

(15)(17)

(2)(3)
Renewable and other tax credits(b)
(4)(3)(10)(8) — 
State tax5 3 7 
Stock-based compensation (1) —  — 
Effective income tax rate14 %13 %(2)%(1)%26 %25 %
(a)Reflects the amortization of amounts resulting from the revaluation of deferred income taxes subject to regulatory ratemaking, which are being refunded to customers. Deferred income taxes are revalued when federal or state income tax rates change, and the offset to the revaluation of deferred income taxes subject to regulatory ratemaking is recorded to a regulatory asset or liability.
(b)Includes credits associated with the High Prairie and Atchison renewable energy centers. Ameren Missouri placed the High Prairie Renewable Energy Center in service in December 2020. Additionally, Ameren Missouri placed in service the wind turbines at its Atchison Renewable Energy Center throughout the first half of 2021. The benefit of the credits associated with Missouri renewable energy standard compliance is refunded to customers through the RESRAM.
IRA
The IRA was enacted in August 2022, and includes various income tax provisions, among other things. The law extends federal production and investment tax credits for projects beginning construction through 2024 and allows for a 10% adder to the production and investment tax credits for siting projects at existing energy communities as defined in the law, which includes sites previously used for coal-fired generation. The law also creates clean energy tax credits for projects placed in service after 2024. The clean energy tax credits will apply to renewable energy production and investments, along with certain nuclear energy production, and will be phased out beginning in 2033, at the earliest. The phase-out is triggered when greenhouse gas emissions from the electric generation industry are reduced by at least 75% from the annual 2022 emission rate or at the beginning of 2033, whichever is later. The law allows for transferability to an unrelated party for cash of up to 100% of certain tax credits generated after 2022. In addition, the new law imposes a 15% minimum tax on adjusted financial statement income, as defined in the law, for corporations whose average annual adjusted financial statement income exceeds $1 billion for three consecutive preceding tax years effective for tax years beginning after December 31, 2022. Once a corporation exceeds this three-year average annual adjusted financial statement income threshold, it will be subject to the minimum tax for all future tax years. Ameren is currently evaluating the IRA and does not expect to be subject to the minimum tax imposed by the IRA in 2023. Implementation of the IRA provisions is subject to additional regulations, interpretations, amendments, or technical corrections that may be issued by the IRS or United States Department of Treasury.
v3.22.2.2
Supplemental Information
9 Months Ended
Sep. 30, 2022
Supplemental Information [Abstract]  
Supplemental Information SUPPLEMENTAL INFORMATION
Cash, Cash Equivalents, and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets and the statements of cash flows at September 30, 2022, and December 31, 2021:
September 30, 2022December 31, 2021
AmerenAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
“Cash and cash equivalents”$7 $ $ $$— $— 
Restricted cash included in “Other current assets”7 3 4 16 
Restricted cash included in “Other assets”162  162 127 — 127 
Restricted cash included in “Nuclear decommissioning trust fund”4 4  — 
Total cash, cash equivalents, and restricted cash$180 $7 $166 $155 $$133 
Restricted cash included in “Other current assets” primarily represents funds held by an irrevocable Voluntary Employee Beneficiary Association (VEBA) trust, which provides health care benefits for active employees. Restricted cash included in “Other assets” on Ameren’s and Ameren Illinois’ balance sheets primarily represents amounts collected under a cost recovery rider restricted for use in the procurement of renewable energy credits and amounts in a trust fund restricted for the use of funding certain asbestos-related claims.
Accounts Receivable
“Accounts receivable – trade” on Ameren’s and Ameren Illinois’ balance sheets include certain receivables purchased at a discount from alternative retail electric suppliers that elect to participate in the utility consolidated billing program. At September 30, 2022, and December 31, 2021, “Other current liabilities” on Ameren’s and Ameren Illinois’ balance sheets included payables for purchased receivables of $32 million and $27 million, respectively.
The following table provides a reconciliation of the beginning and ending amount of the allowance for doubtful accounts for the three and nine months ended September 30, 2022 and 2021:
Three MonthsNine Months
2022202120222021
Ameren:
Beginning of period$30 $42 $29 $50 
Bad debt expense15 26 
Net write-offs(14)(13)(24)(22)
End of period$31 $36 $31 $36 
Ameren Missouri:
Beginning of period$12 $16 $13 $16 
Bad debt expense3 6 
Net write-offs(3)(4)(7)(7)
End of period$12 $14 $12 $14 
Ameren Illinois:(a)
Beginning of period$18 $26 $16 $34 
Bad debt expense12 

20 
(b)
Net write-offs(11)(9)(17)(15)
End of period$19 $22 $19 $22 
(a)Ameren Illinois has rate-adjustment mechanisms that allow it to recover the difference between its actual net bad debt write-offs under GAAP, including those associated with receivables purchased from alternative retail electric suppliers, and the amount of net bad debt write-offs included in its base rates.
(b)In the nine months ended September 30, 2021, Ameren Illinois’ bad debt expense was reduced as a result of state funding received for customer bill assistance.
As of September 30, 2022, accounts receivable balances that were 30 days or greater past due or that were a part of a deferred payment arrangement represented 17%, 12%, and 21%, or $117 million, $39 million, and $78 million, of Ameren’s, Ameren Missouri’s, and Ameren Illinois’ customer trade receivables before allowance for doubtful accounts, respectively. In comparison, as of September 30, 2021, these percentages were 18%, 12%, and 25%, or $97 million, $33 million, and $64 million, for Ameren, Ameren Missouri, and Ameren Illinois, respectively.
Supplemental Cash Flow Information
Capital expenditures for the nine months ended September 30, 2021, at Ameren and Ameren Missouri included wind generation expenditures of $515 million.
The following table provides noncash financing and investing activity excluded from the statements of cash flows for the nine months ended September 30, 2022 and 2021:
September 30, 2022September 30, 2021
AmerenAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
Investing
Accrued capital expenditures$367 $187 $180 $396 $209 $182 
Net realized and unrealized gain/(loss) – nuclear decommissioning trust fund(262)(262) 85 85 — 
Financing
Issuance of common stock for stock-based compensation$31 $ $ $33 $— $— 
Issuance of common stock under the DRPlus8   — — — 
Asset Retirement Obligations
The following table provides a reconciliation of the beginning and ending carrying amount of AROs for the nine months ended September 30, 2022:
Ameren
Missouri
Ameren
Illinois
Ameren
Balance at December 31, 2021
$760 
(a)
$
(b)
$764 
(a)
Liabilities incurred— 
Liabilities settled(3)— (3)
Accretion23 
(c)
— 

23 
(c)
Change in estimates(7)— (7)
Balance at September 30, 2022
$774 
(a)
$
(b)
$778 
(a)
(a)Balance included $7 million in “Other current liabilities” on the balance sheet as of both September 30, 2022, and December 31, 2021.
(b)Included in “Other deferred credits and liabilities” on the balance sheet.
(c)Accretion expense attributable to Ameren Missouri was recorded as a decrease to regulatory liabilities.
Stock-based Compensation
Ameren’s long-term incentive plan available for eligible employees, the 2014 Omnibus Incentive Compensation Plan (2014 Plan), was replaced prospectively for new grants only by the 2022 Omnibus Incentive Compensation Plan (2022 Plan) effective May 12, 2022. The 2022 Plan provides for a maximum of 8.8 million common shares to be available for grant to eligible employees and directors, and retains many of the features of the 2014 Plan. The 2022 Plan permits the grant of restricted stock, restricted stock units, stock options (incentive stock options and nonqualified stock options), stock appreciation rights, performance awards, cash-based awards and other stock-based awards.
In the first quarter of 2022 under the 2014 Plan, Ameren granted 267,849 performance share units with a grant date fair value of $25 million and 122,882 restricted share units with a grant date fair value of $11 million. Awards vest approximately 3 years after the grant date or on a pro-rata basis upon death or eligible retirement. The performance share units vest based on the achievement of certain specified market performance measures (229,566 performance share units) or clean energy transition targets (38,283 performance share units). The exact number of shares issued pursuant to a performance share unit varies from 0% to 200% of the target award, depending on actual company performance relative to the performance goals.
For the nine months ended September 30, 2022 and 2021, excess tax benefits associated with the settlement of stock-based compensation awards reduced income tax expense by $5 million in both periods.
Deferred Compensation
At September 30, 2022, and December 31, 2021, the present value of benefits to be paid for deferred compensation obligations was $88 million and $91 million, respectively, which was primarily reflected in “Other deferred credits and liabilities” on Ameren’s consolidated balance sheet.
Operating Revenues
As of September 30, 2022 and 2021, our remaining performance obligations for contracts with a term greater than one year were immaterial. The Ameren Companies elected not to disclose the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied as of the end of the reporting period for contracts with an initial expected term of one year or less.
See Note 14 – Segment Information for disaggregated revenue information.
Excise Taxes
Ameren Missouri and Ameren Illinois collect from their customers excise taxes, including municipal and state excise taxes and gross receipts taxes that are levied on the sale or distribution of natural gas and electricity. The following table presents the excise taxes recorded on a gross basis in “Operating Revenues – Electric,” “Operating Revenues – Natural gas” and “Operating Expenses – Taxes other than income taxes” on the statements of income for the three and nine months ended September 30, 2022 and 2021:
Three MonthsNine Months
2022202120222021
Ameren Missouri$55 $54 $128 $120 
Ameren Illinois28 27 101 93 
Ameren$83 $81 $229 $213 
Earnings per Share
The following table reconciles the basic weighted-average number of common shares outstanding to the diluted weighted-average number of common shares outstanding for the three and nine months ended September 30, 2022 and 2021:
Three MonthsNine Months
2022202120222021
Weighted-average Common Shares Outstanding – Basic258.4 257.3 258.2 255.9 
Assumed settlement of performance share units and restricted stock units0.9 1.3 1.0 1.3 
Dilutive effect of forward sale agreements0.2 — 0.1 — 
Weighted-average Common Shares Outstanding – Diluted(a)
259.5 258.6 259.3 257.2 
(a)There was an immaterial number of anti-dilutive securities excluded from the earnings per diluted share calculations for the three and nine months ended September 30, 2022 and 2021.
v3.22.2.2
Segment Information
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The following tables present revenues, net income attributable to common shareholders, and capital expenditures by segment at Ameren and Ameren Illinois for the three and nine months ended September 30, 2022 and 2021. Ameren, Ameren Missouri, and Ameren Illinois management review segment capital expenditure information rather than any individual or total asset amount. For additional information about our segments, see Note 16 – Segment Information under Part II, Item 8, of the Form 10-K.
Ameren
Ameren MissouriAmeren Illinois Electric DistributionAmeren Illinois Natural GasAmeren TransmissionOtherIntersegment EliminationsAmeren
Three Months 2022:
External revenues$1,351 $672 $146 $137 $ $ $2,306 
Intersegment revenues8   32  (40) 
Net income (loss) attributable to Ameren common shareholders397 51 (4)78 
(a)
(70) 452 
Capital expenditures431 163 114 187 1 3 899 
Three Months 2021:
External revenues$1,118 $425 $127 $141 $— $— $1,811 
Intersegment revenues11 — 19 — (33)— 
Net income (loss) attributable to Ameren common shareholders375 36 (8)73 
(a)
(51)— 425 
Capital expenditures466 
(b)
143 93 154 (8)850 
(b)
Nine Months 2022:
External revenues$3,071 $1,640 $811 $389 $ $ $5,911 
Intersegment revenues25 1  76  (102) 
Net income (loss) attributable to Ameren common shareholders547 151 82 199 
(a)
(68) 911 
Capital expenditures1,237 444 232 519 4 1 2,437 
Nine Months 2021:
External revenues$2,612 $1,222 $642 $373 $— $— $4,849 
Intersegment revenues30 — 53 — (88)— 
Net income (loss) attributable to Ameren common shareholders533 123 75 175 
(a)
(41)— 865 
Capital expenditures1,567 
(b)
429 202 426 (14)2,613 
(b)
(a)Ameren Transmission earnings reflect an allocation of financing costs from Ameren (parent).
(b)Includes $98 million and $515 million at Ameren and Ameren Missouri for wind generation expenditures for the three and nine months ended September 30, 2021, respectively.
Ameren Illinois
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionIntersegment EliminationsAmeren Illinois
Three Months 2022:
External revenues$672 $146 $86 $ $904 
Intersegment revenues  31 (31) 
Net income (loss) available to common shareholder51 (4)56  103 
Capital expenditures163 114 169  446 
Three Months 2021:
External revenues$428 $127 $90 $— $645 
Intersegment revenues— — 18 (18)— 
Net income (loss) available to common shareholder36 (8)51 — 79 
Capital expenditures143 93 144 — 380 
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionIntersegment EliminationsAmeren Illinois
Nine Months 2022:
External revenues$1,641 $811 $245 $ $2,697 
Intersegment revenues  75 (75) 
Net income available to common shareholder151 82 142  375 
Capital expenditures444 232 469  1,145 
Nine Months 2021:
External revenues$1,227 $642 $228 $— $2,097 
Intersegment revenues— — 49 (49)— 
Net income available to common shareholder123 75 116 — 314 
Capital expenditures429 202 395 — 1,026 
The following tables present disaggregated revenues by segment at Ameren and Ameren Illinois for the three and nine months ended September 30, 2022 and 2021. 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 MissouriAmeren Illinois Electric DistributionAmeren Illinois Natural GasAmeren TransmissionIntersegment EliminationsAmeren
Three Months 2022:
Residential$564 $407 $ $ $ $971 
Commercial430 233    663 
Industrial99 47    146 
Other245 (15)

 169 (39)360 
Total electric revenues$1,338 $672 $ $169 $(39)$2,140 
Residential$11 $ $89 $ $ $100 
Commercial6  25   31 
Industrial1  5   6 
Other3  27 

 (1)29 
Total natural gas revenues$21 $ $146 $ $(1)$166 
Total revenues(a)
$1,359 $672 $146 $169 $(40)$2,306 
Three Months 2021:
Residential$537 $258 $— $— $— $795 
Commercial412 143 — — — 555 
Industrial98 26 — — — 124 
Other66 

— 160 (33)194 

Total electric revenues$1,113 $428 $— $160 $(33)$1,668 
Residential$$— $75 $— $— $84 
Commercial— 23 — — 27 
Industrial— — — — 
Other— 26 — — 29 
Total natural gas revenues$16 $— $127 $— $— $143 
Total revenues(a)
$1,129 $428 $127 $160 $(33)$1,811 
Ameren MissouriAmeren Illinois Electric DistributionAmeren Illinois Natural GasAmeren TransmissionIntersegment EliminationsAmeren
Nine Months 2022:
Residential$1,267 $954 $ $ $ $2,221 
Commercial968 571    1,539 
Industrial229 145    374 
Other502 (29) 465 (101)837 
Total electric revenues$2,966 $1,641 $ $465 $(101)$4,971 
Residential$78 $ $575 $ $ $653 
Commercial36  152   188 
Industrial4  33   37 
Other12  51  (1)62 
Total natural gas revenues$130 $ $811 $ $(1)$940 
Total revenues(a)
$3,096 $1,641 $811 $465 $(102)$5,911 
Nine Months 2021:
Residential$1,177 $705 $— $— $— $1,882 
Commercial899 402 — — — 1,301 
Industrial221 94 — — — 315 
Other246 26 — 426 (88)610 
Total electric revenues$2,543 $1,227 $— $426 $(88)$4,108 
Residential$54 $— $438 $— $— $492 
Commercial23 — 116 — — 139 
Industrial— 20 — — 22 
Other20 — 68 — — 88 
Total natural gas revenues$99 $— $642 $— $— $741 
Total revenues(a)
$2,642 $1,227 $642 $426 $(88)$4,849 
(a)The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the three and nine months ended September 30, 2022 and 2021:
Ameren MissouriAmeren Illinois Electric DistributionAmeren Illinois Natural GasAmeren TransmissionAmeren
Three Months 2022:
Revenues from alternative revenue programs$14 $(83)$(3)$(11)$(83)
Other revenues not from contracts with customers(45)
(a)
2   (43)
(a)
Three Months 2021:
Revenues from alternative revenue programs$$(97)$(5)$$(95)
Other revenues not from contracts with customers
(b)
— — 13 
(b)
Nine Months 2022:
Revenues from alternative revenue programs$8 $13 $(5)$(14)$2 
Other revenues not from contracts with customers(81)
(a), (b)
5 2  (74)
(a), (b)
Nine Months 2021:
Revenues from alternative revenue programs$(9)$(2)$— $$(6)
Other revenues not from contracts with customers71 
(b)
— 82 
(b)
(a)Includes net realized losses on derivative power contracts.
(b)Includes insurance recoveries related to lost sales associated with the Callaway Energy Center maintenance outage. See Note 9 – Callaway Energy Center under Part II, Item 8, of the Form 10-K for additional information.
Ameren Illinois
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionIntersegment EliminationsAmeren Illinois
Three Months 2022:
Residential$407 $89 $ $ $496 
Commercial233 25   258 
Industrial47 5   52 
Other(15)

27 

117 (31)98 
Total revenues(a)
$672 $146 $117 $(31)$904 
Three Months 2021:
Residential$258 $75 $— $— $333 
Commercial143 23 — — 166 
Industrial26 — — 29 
Other26 108 (18)117 
Total revenues(a)
$428 $127 $108 $(18)$645 
Nine Months 2022:
Residential$954 $575 $ $ $1,529 
Commercial571 152   723 
Industrial145 33   178 
Other(29)51 320 (75)267 
Total revenues(a)
$1,641 $811 $320 $(75)$2,697 
Nine Months 2021:
Residential$705 $438 $— $— $1,143 
Commercial402 116 — — 518 
Industrial94 20 — — 114 
Other26 68 277 (49)322 
Total revenues(a)
$1,227 $642 $277 $(49)$2,097 
(a)The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the Ameren Illinois segments for the three and nine months ended September 30, 2022 and 2021:
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionAmeren Illinois
Three Months 2022:
Revenues from alternative revenue programs$(83)$(3)$(10)$(96)
Other revenues not from contracts with customers2   2 
Three Months 2021:
Revenues from alternative revenue programs$(97)$(5)$$(99)
Other revenues not from contracts with customers— — 
Nine Months 2022:
Revenues from alternative revenue programs$13 $(5)$(12)$(4)
Other revenues not from contracts with customers5 2  7 
Nine Months 2021:
Revenues from alternative revenue programs$(2)$— $$
Other revenues not from contracts with customers— 11 
v3.22.2.2
Summary Of Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Nature of Operations
Ameren, headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren’s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren’s common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries. Ameren’s principal subsidiaries are listed below. Ameren has other subsidiaries that conduct other activities, such as providing shared services.
Union Electric Company, doing business as Ameren Missouri, operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri.
Ameren Illinois Company, doing business as Ameren Illinois, operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois.
ATXI operates a FERC rate-regulated electric transmission business in the MISO.
Consolidation
Ameren’s and Ameren Missouri’s financial statements are prepared on a consolidated basis and therefore include the accounts of their majority-owned subsidiaries. All intercompany transactions have been eliminated. Ameren Missouri’s subsidiaries were created for the ownership of renewable generation projects. Ameren Illinois has 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 reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The results of operations for an interim period may not give a true indication of results that may be expected for a full year. These financial statements should be read in conjunction with the financial statements and accompanying notes included in the Form 10-K.
Consolidation, Variable Interest Entity, Policy
Variable Interest Entities
As of September 30, 2022, and December 31, 2021, Ameren had unconsolidated variable interests as a limited partner in various equity method investments, primarily to advance clean and resilient energy technologies, totaling $58 million and $56 million, respectively, included in “Other assets” on Ameren’s consolidated balance sheet. Any earnings or losses related to these investments are included in “Other Income, Net” on Ameren’s consolidated statement of income and comprehensive income. Ameren is not the primary beneficiary of these investments because it does not have the power to direct matters that most significantly affect the activities of these variable interest entities. As of September 30, 2022, the maximum exposure to loss related to these variable interests is limited to the investment in these partnerships of $58 million plus associated outstanding funding commitments of $21 million.
Life Insurance, Corporate Or Bank Owned COLIAmeren and Ameren Illinois have COLI, 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.
Derivatives, Policy
We use derivatives to manage the risk of changes in market prices for natural gas, power, and uranium, as well as the risk of changes in rail transportation surcharges through fuel oil hedges. Such price fluctuations may cause the following:
an unrealized appreciation or depreciation of our contracted commitments to purchase or sell when purchase or sale prices under the commitments are compared with current commodity prices;
market values of natural gas and uranium inventories that differ from the cost of those commodities in inventory;
actual cash outlays for the purchase of these commodities that differ from anticipated cash outlays; and
actual off-system sales revenues that differ from anticipated revenues.
The derivatives that we use to hedge these risks are governed by our risk management policies for forward contracts, futures, options, and swaps. Our net positions are continually assessed within our structured hedging programs to determine whether new or offsetting transactions are required. The goal of the hedging program is generally to mitigate financial risks while ensuring that sufficient volumes are available to meet our requirements. Contracts we enter into as part of our risk management program may be settled financially, settled by physical delivery, or net settled with the counterparty.
All contracts considered to be derivative instruments are required to be recorded on the balance sheet at their fair values, unless the NPNS exception applies. Many of our physical contracts, such as our purchased power contracts, qualify for the NPNS exception to derivative accounting rules. The revenue or expense on NPNS contracts is recognized at the contract price upon physical delivery. The following disclosures exclude NPNS contracts and other non-derivative commodity contracts that are accounted for under the accrual method of accounting.
If we determine that a contract meets the definition of a derivative and is not eligible for the NPNS exception, we review the contract to determine whether the resulting gains or losses qualify for regulatory deferral. Derivative contracts that qualify for regulatory deferral are recorded at fair value, with changes in fair value recorded as regulatory assets or liabilities in the period in which the change occurs. We believe derivative losses and gains deferred as regulatory assets and liabilities are probable of recovery, or refund, through future rates charged to customers. Regulatory assets and liabilities are amortized to operating income as related losses and gains are reflected in rates charged to customers. Therefore, gains and losses on these derivatives have no effect on operating income.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.
Deferred Compensation
Deferred Compensation
At September 30, 2022, and December 31, 2021, the present value of benefits to be paid for deferred compensation obligations was $88 million and $91 million, respectively, which was primarily reflected in “Other deferred credits and liabilities” on Ameren’s consolidated balance sheet.
Revenue from Contract with Customer
Operating Revenues
As of September 30, 2022 and 2021, our remaining performance obligations for contracts with a term greater than one year were immaterial. The Ameren Companies elected not to disclose the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied as of the end of the reporting period for contracts with an initial expected term of one year or less.
See Note 14 – Segment Information for disaggregated revenue information.
Excise Taxes Excise TaxesAmeren 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.
v3.22.2.2
Short-Term Debt and Liquidity (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
The following table presents commercial paper outstanding, net of issuance discounts, as of September 30, 2022, and December 31, 2021. There were no borrowings outstanding under the Credit Agreements as of September 30, 2022, or December 31, 2021.
September 30, 2022December 31, 2021
Ameren (parent)$690 $277 
Ameren Missouri178 165 
Ameren Illinois353 103 
Ameren consolidated$1,221 $545 
The following table summarizes the activity and relevant interest rates for Ameren (parent)’s, Ameren Missouri’s, and Ameren Illinois’ commercial paper issuances and borrowings under the Credit Agreements in the aggregate for the nine months ended September 30, 2022 and 2021:
Ameren
(parent)
Ameren
Missouri
Ameren
Illinois
Ameren
Consolidated
2022
Average daily amount outstanding$439 $253 $99 $791 
Weighted-average interest rate1.58 %1.16 %1.77 %1.47 %
Peak amount outstanding during period(a)
$690 $539 $354 $1,222 
Peak interest rate3.55 %3.55 %3.60 %3.60 %
2021
Average daily amount outstanding$404 $121 $140 $665 
Weighted-average interest rate0.23 %0.22 %0.22 %0.22 %
Peak amount outstanding during period(a)
$650 $546 $485 $1,134 
Peak interest rate0.33 %0.25 %0.25 %0.33 %
(a)The timing of peak outstanding commercial paper issuances and borrowings under the Credit Agreements varies by company. Therefore, the sum of individual company peak amounts may not equal the Ameren consolidated peak for the period.
v3.22.2.2
Other Income, Net (Tables)
9 Months Ended
Sep. 30, 2022
Other Nonoperating Income (Expense) [Abstract]  
Other Income And Expenses
The following table presents the components of “Other Income, Net” in the Ameren Companies’ statements of income for the three and nine months ended September 30, 2022 and 2021:
Three MonthsNine Months
2022202120222021
Ameren:
Allowance for equity funds used during construction
$12 $14 $31 $30 
Interest income on industrial development revenue bonds
6 18 19 
Non-service cost components of net periodic benefit income(a)
45 34 138 102 
Miscellaneous income
5 14 
Earnings (losses) related to equity method investments(3)1 
Donations
(1)(1)(5)(5)
Miscellaneous expense
(6)(1)(17)(10)
Total Other Income, Net$58 $56 $180 $151 
Ameren Missouri:
Allowance for equity funds used during construction
$7 $$17 $17 
Interest income on industrial development revenue bonds
6 18 19 
Non-service cost components of net periodic benefit income(a)
13 13 41 41 
Miscellaneous income
2 5 
Donations
 — (2)(1)
Miscellaneous expense
(3)(2)(7)(5)
Total Other Income, Net$25 $27 $72 $74 
Ameren Illinois:
Allowance for equity funds used during construction
$5 $$14 $13 
Non-service cost components of net periodic benefit income
21 13 63 41 
Miscellaneous income
4 — 9 
Donations
(1)(1)(3)(4)
Miscellaneous expense(3)— (8)(5)
Total Other Income, Net$26 $19 $75 $49 
(a)For the three and nine months ended September 30, 2022, the non-service cost components of net periodic benefit income were adjusted by amounts deferred of $5 million and $16 million, respectively, due to a regulatory tracking mechanism for the difference between the level of such costs incurred by Ameren Missouri under GAAP and the level of such costs included in rates. The deferral was $(3) million and $(6) million for both the three and nine months ended September 30, 2021, respectively. See Note 11– Retirement Benefits for additional information.
v3.22.2.2
Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Open Gross Derivative Volumes By Commodity Type
The following table presents open gross commodity contract volumes by commodity type for derivative assets and liabilities as of September 30, 2022, and December 31, 2021. As of September 30, 2022, these contracts extended through October 2024, October 2027, May 2032 and March 2024 for fuel oils, natural gas, power and uranium, respectively:
Quantity (in millions)
September 30, 2022December 31, 2021
CommodityAmeren MissouriAmeren IllinoisAmerenAmeren MissouriAmeren IllinoisAmeren
Fuel oils (in gallons)19  19 30 — 30 
Natural gas (in mmbtu)43 144 187 35 144 179 
Power (in MWhs)2 6 8 12 
Uranium (pounds in thousands)406  406 586 — 586 
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 September 30, 2022, and December 31, 2021:
September 30, 2022December 31, 2021
Balance Sheet LocationAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
Ameren
Fuel oilsOther current assets12  12 — 
Other assets3  3 — 
Natural gasMark-to-market derivative assets(a)57 (a)(a)28 (a)
Other current assets14  71 — 35 
Other assets13 21 34 13 18 
PowerMark-to-market derivative assets(a)11 (a)(a)— (a)
Other current assets28  39 23 — 23 
Other assets 5 5 — — — 
UraniumOther current assets2  2 — — — 
Other assets1  1 — 
Total assets$73 $94 $167 $49 $41 $90 
Fuel oilsOther deferred credits and liabilities1  1 — — — 
Natural gasMark-to-market derivative liabilities2 (a)(a)(a)(a)
Other current liabilities 9 11 — 
Other deferred credits and liabilities1 3 4 
PowerMark-to-market derivative liabilities111 (a)(a)50 (a)(a)
Other current liabilities  111 — 59 
Other deferred credits and liabilities14 36 50 23 108 131 
UraniumMark-to-market derivative liabilities (a)(a)(a)(a)
Other current liabilities   — — 
Total liabilities$129 $48 $177 $77 $125 $202 
(a)Balance sheet line item not applicable to registrant.
Offsetting Assets and Liabilities
The following table provides the recognized gross derivative balances and the net amounts of those derivatives subject to an enforceable master netting arrangement or similar agreement as of September 30, 2022, and December 31, 2021:
Gross Amounts Not Offset in the Balance Sheet
Commodity Contracts Eligible to be OffsetGross Amounts Recognized in the Balance SheetDerivative Instruments
Cash Collateral Received/Posted(a)
Net
Amount
September 30, 2022
Assets:
Ameren Missouri$73 $18 $2 $53 
Ameren Illinois94 13 1 80 
Ameren$167 $31 $3 $133 
Liabilities:
Ameren Missouri$129 $18 $99 $12 
Ameren Illinois48 13  35 
Ameren$177 $31 $99 $47 
December 31, 2021
Assets:
Ameren Missouri$49 $15 $— $34 
Ameren Illinois41 — 37 
Ameren$90 $19 $— $71 
Liabilities:
Ameren Missouri$77 $15 $47 $15 
Ameren Illinois125 — 121 
Ameren$202 $19 $47 $136 
(a)Cash collateral received reduces gross asset balances and is included in “Other current liabilities” and “Other deferred credits and liabilities” on the balance sheet. Cash collateral posted reduces gross liability balances and is included in “Current collateral assets” and “Other assets” on the balance sheet for Ameren and Ameren Missouri and “Other current assets” and “Other assets” for Ameren Illinois.
v3.22.2.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
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 September 30, 2022, and December 31, 2021:
September 30, 2022December 31, 2021
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:
Ameren Missouri
Derivative assets – commodity contracts:
Fuel oils$13 $ $2 $15 $13 $— $— $13 
Natural gas1 26  27 — 12 — 12 
Power9  19 28 10 — 13 23 
Uranium  3 3 — — 
Total derivative assets – commodity contracts$23 $26 $24 $73 $23 $12 $14 $49 
Nuclear decommissioning trust fund:
Equity securities:
U.S. large capitalization$574 $ $ $574 $824 $— $— $824 
Debt securities:
U.S. Treasury and agency securities 148  148 — 141 — 141 
Corporate bonds 115  115 — 131 — 131 
Other 64  64 — 56 — 56 
Total nuclear decommissioning trust fund$574 $327 $ $901 
(a)
$824 $328 $— $1,152 
(a)
Total Ameren Missouri$597 $353 $24 $974 $847 $340 $14 $1,201 
Ameren Illinois
Derivative assets – commodity contracts:
Natural gas$6 $65 $7 $78 $$33 $$41 
Power  16 16 — — — — 
Total Ameren Illinois$6 $65 $23 $94 $$33 $$41 
Ameren
Derivative assets – commodity contracts(b)
$29 $91 $47 $167 $24 $45 $21 $90 
Nuclear decommissioning trust fund(c)
574 327  901 
(a)
824 328 — 1,152 
(a)
Total Ameren$603 $418 $47 $1,068 $848 $373 $21 $1,242 
Liabilities:
Ameren Missouri
Derivative liabilities – commodity contracts:
Fuel oils$1 $ $ $1 $— $— $— $— 
Natural gas 2 1 3 — 
Power98  27 125 45 — 28 73 
Uranium    — — 
Total Ameren Missouri$99 $2 $28 $129 $45 $$30 $77 
Ameren Illinois
Derivative liabilities – commodity contracts:
Natural gas$ $6 $6 $12 $— $$$
Power  36 36 — — 117 117 
Total Ameren Illinois$ $6 $42 $48 $— $$120 $125 
Ameren
Derivative liabilities – commodity contracts(b)
$99 $8 $70 $177 $45 $$150 $202 
(a)Balance excludes $9 million and $7 million of cash and cash equivalents, receivables, payables, and accrued income, net, for September 30, 2022, and December 31, 2021, respectively.
(b)See the Ameren Missouri and Ameren Illinois sections of the table for a breakout of the fair value of Ameren’s derivative assets and liabilities by type of commodity.
(c)See the Ameren Missouri section of the table for a breakout of the fair value of Ameren’s nuclear decommissioning trust fund by investment type.
Schedule Of Changes In The Fair Value Of Financial Assets And Liabilities Classified As Level Three In The Fair Value Hierarchy The following table presents the fair value reconciliation of Level 3 power derivative contract assets and liabilities measured at fair value on a recurring basis for the three and nine months ended September 30, 2022 and 2021:
20222021
Ameren MissouriAmeren IllinoisAmerenAmeren MissouriAmeren IllinoisAmeren
For the three months ended September 30:
Beginning balance at July 1
$(36)$(44)$(80)$(5)$(166)$(171)
Realized and unrealized gains/(losses) included in regulatory assets/liabilities(10)30 20 (16)19 
Settlements38 (6)32 (2)
Ending balance at September 30
$(8)$(20)$(28)$(23)$(144)$(167)
Change in unrealized gains/(losses) related to assets/liabilities held at September 30
$(3)$28 $25 $(17)$19 $
For the nine months ended September 30:
Beginning balance at January 1$(15)$(117)$(132)$$(198)$(196)
Realized and unrealized gains/(losses) included in regulatory assets/liabilities(56)105 49 (22)43 21 
Settlements63 (8)55 (3)11 
Ending balance at September 30
$(8)$(20)$(28)$(23)$(144)$(167)
Change in unrealized gains/(losses) related to assets/liabilities held at September 30
$(39)$100 $61 $(21)$42 $21 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques
The following table describes the valuation techniques and significant unobservable inputs utilized for the fair value of our Level 3 power derivative contract assets and liabilities as of September 30, 2022, and December 31, 2021:
Fair Value
Weighted Average(b)
CommodityAssetsLiabilitiesValuation Technique(s)
Unobservable Input(a)
Range
2022
Power(c)
$35$(63)Discounted cash flow
Average forward peak and off-peak pricing  forwards/swaps ($/MWh)
42 – 118
60
Nodal basis ($/MWh)
(15) – 2
(5)
Trend rate (%)
0 – 1
0
2021
Power(d)
$13$(145)Discounted cash flowAverage forward peak and off-peak pricing – forwards/swaps ($/MWh)
32 – 55
40
Nodal basis ($/MWh)
(14) – 0
(2)
Trend rate (%)(e)0
(a)Generally, significant increases (decreases) in these inputs in isolation would result in a significantly higher (lower) fair value measurement.
(b)Unobservable inputs were weighted by relative fair value.
(c)Valuations through 2031 use visible forward prices adjusted for nodal-to-hub basis differentials. Valuations beyond 2031 use a trend rate factor and are similarly adjusted for nodal-to-hub basis differentials.
(d)Valuations through 2029 use visible forward prices adjusted for nodal-to-hub basis differentials. Valuations beyond 2029 use a trend rate factor and are similarly adjusted for nodal-to-hub basis differentials.
(e)No meaningful range around weighted average.
Schedule of Financial Assets and Liabilities
The following table sets forth the carrying amount and, by level within the fair value hierarchy, the fair value of financial assets and liabilities disclosed, but not recorded, at fair value as of September 30, 2022, and December 31, 2021:
Carrying
Amount
Fair Value
Level 1Level 2Level 3Total
September 30, 2022
Ameren:
Cash, cash equivalents, and restricted cash$180 $180 $ $ $180 
Investments in industrial development revenue bonds(a)
248  248  248 
Short-term debt1,221  1,221  1,221 
Long-term debt (including current portion)(a)
13,732 
(b)
 11,493 446 
(c)
11,939 
Ameren Missouri:
Cash, cash equivalents, and restricted cash$7 $7 $ $ $7 
Investments in industrial development revenue bonds(a)
248  248  248 
Short-term debt178  178  178 
Long-term debt (including current portion)(a)
6,140 
(b)
 5,352  5,352 
Ameren Illinois:
Cash, cash equivalents, and restricted cash$166 $166 $ $ $166 
Short-term debt353  353  353 
Long-term debt (including current portion)4,489 
(b)
 3,868  3,868 
December 31, 2021
Ameren:
Cash, cash equivalents, and restricted cash$155 $155 $— $— $155 
Investments in industrial development revenue bonds(a)
248 — 248 — 248 
Short-term debt545 — 545 — 545 
Long-term debt (including current portion)(a)
13,067 
(b)
— 13,930 591 
(c)
14,521 
Ameren Missouri:
Cash, cash equivalents, and restricted cash$$$— $— $
Investments in industrial development revenue bonds(a)
248 — 248 — 248 
Short-term debt165 — 165 — 165 
Long-term debt (including current portion)(a)
5,619 
(b)
— 6,321 — 6,321 
Ameren Illinois:
Cash, cash equivalents, and restricted cash$133 $133 $— $— $133 
Short-term debt103 — 103 — 103 
Long-term debt (including current portion)4,392 
(b)
— 4,971 — 4,971 
(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 September 30, 2022, and December 31, 2021, 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 $99 million, $42 million, and $41 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of September 30, 2022. Included unamortized debt issuance costs, which were excluded from the fair value measurement, of $94 million, $38 million, and $39 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of December 31, 2021.
(c)The Level 3 fair value amount consists of ATXI’s senior unsecured notes.
v3.22.2.2
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
Schedule of Affiliate Receivables and Payables The following table presents the affiliate balances related to income taxes for Ameren Missouri and Ameren Illinois as of September 30, 2022, and December 31, 2021:
September 30, 2022December 31, 2021
Ameren MissouriAmeren IllinoisAmeren MissouriAmeren Illinois
Income taxes payable to parent(a)
$ $72 $— $
Income taxes receivable from parent(b)
12  27 18 
(a)Included in “Accounts payable – affiliates” on the balance sheet.
(b)Included in “Accounts receivable – affiliates” on the balance sheet.
Schedule of Related Party Transactions
The following table presents the impact on Ameren Missouri and Ameren Illinois of related-party transactions for the three and nine months ended September 30, 2022 and 2021:
Three MonthsNine Months
AgreementIncome Statement
Line Item
Ameren
Missouri
Ameren
Illinois
Ameren
Missouri
Ameren
Illinois
Ameren Missouri power supplyOperating Revenues2022$2 $(a)$7 $(a)
agreements with Ameren Illinois
2021(a)10 (a)
Ameren Missouri and Ameren IllinoisOperating Revenues2022$6 $(b)$18 $(b)
rent and facility services
2021(b)20 (b)
Ameren Missouri and Ameren Illinois miscellaneousOperating Revenues2022$(b)$(b)$(b)$1 
services2021(b)(b)
Total Operating Revenues2022$8 $(b)$25 $1 
202111 30 
Ameren Illinois power supplyPurchased Power2022$(a)$2 $(a)$7 
agreements with Ameren Missouri
2021(a)(a)10 
Ameren Missouri and Ameren IllinoisPurchased Power2022$1 $(b)$1 $(b)
transmission services from ATXI2021(b)
Total Purchased Power2022$1 $2 $1 $7 
202111 
Ameren Missouri and Ameren IllinoisOther Operations and Maintenance2022$(b)$1 $(b)$2 
rent and facility services
2021(b)(b)
Ameren Services support servicesOther Operations and Maintenance2022$38 $36 $109 $103 
agreement
202141 37 110 101 
Total Other Operations and2022$38 $37 $109 $105 
Maintenance202141 38 110 104 
Money pool borrowings (advances)(Interest Charges)/Other Income, Net2022$(b)$(b)$(b)$(b)
2021(b)(b)(b)(b)
(a)Not applicable.
(b)Amount less than $1 million.
v3.22.2.2
Callaway Energy Center (Tables)
9 Months Ended
Sep. 30, 2022
Nuclear Waste Matters [Abstract]  
Schedule of Insurance Coverage at Callaway Energy Center
The following table presents insurance coverage at Ameren Missouri’s Callaway Energy Center at September 30, 2022:
Type and Source of CoverageMost Recent
Renewal Date
Maximum CoveragesMaximum Assessments
for Single Incidents
Public liability and nuclear worker liability:
American Nuclear InsurersJanuary 1, 2022$450 $— 
Pool participation(a)13,210 
(a) 
138 
(b) 
$13,660 
(c) 
$138 
Property damage:
NEIL and EMANIApril 1, 2022$3,200 
(d)
$26 
(e) 
Accidental outage:
NEILApril 1, 2022$490 
(f) 
$
(e) 
(a)Provided through mandatory participation in an industrywide retrospective premium assessment program. The maximum coverage available is dependent on the number of United States commercial reactors participating in the program.
(b)Retrospective premium under the Price-Anderson Act. This is subject to retrospective assessment with respect to a covered loss in excess of $450 million in the event of an incident at any licensed United States commercial reactor, payable at $21 million per year.
(c)Limit of liability for each incident under the Price-Anderson liability provisions of the Atomic Energy Act of 1954, as amended. This limit is subject to change to account for the effects of inflation and changes in the number of licensed power reactors.
(d)NEIL provides $2.7 billion in property damage, stabilization, decontamination, and premature decommissioning insurance for radiation events and $2.3 billion in property damage insurance for nonradiation events. EMANI provides $490 million in property damage insurance for both radiation and nonradiation events.
(e)All NEIL-insured plants could be subject to assessments should losses exceed the accumulated funds from NEIL.
(f)Accidental outage insurance provides for lost sales 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.
v3.22.2.2
Retirement Benefits (Tables)
9 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Components Of Net Periodic Benefit Cost
The following table presents the components of the net periodic benefit cost (income) incurred for Ameren’s pension and postretirement benefit plans for the three and nine months ended September 30, 2022 and 2021:
Pension BenefitsPostretirement Benefits
Three MonthsNine MonthsThree MonthsNine Months
20222021202220212022202120222021
Service cost(a)
$31 $33 $95 $100 $5 $$15 $17 
Non-service cost components:
Interest cost42 38 123 114 8 25 25 
Expected return on plan assets(80)(74)(240)(223)(21)(20)(64)(60)
Amortization of:
Prior service benefit —  — (1)(1)(3)(3)
Actuarial loss (gain)7 18 19 55 (5)(1)(14)(4)
Total non-service cost components(b)
$(31)$(18)$(98)$(54)$(19)$(13)$(56)$(42)
Net periodic benefit cost (income)(c)
$ $15 $(3)$46 $(14)$(8)$(41)$(25)
(a)Service cost, net of capitalization, is reflected in “Operating Expenses – Other operations and maintenance” on Ameren’s statement of income.
(b)Non-service cost components are reflected in “Other Income, Net” on Ameren’s statement of income. See Note 5 – Other Income, Net, for additional information.
(c)Does not include the impact of the regulatory tracking mechanism for the difference between the level of pension and postretirement benefit costs incurred by Ameren Missouri under GAAP and the level of such costs included in rates.
Summary Of Benefit Plan Costs Incurred
Ameren Missouri and Ameren Illinois are responsible for their respective share of Ameren’s pension and other postretirement costs. The following table presents the respective share of net periodic pension and other postretirement benefit costs (income) incurred for the three and nine months ended September 30, 2022 and 2021:
Pension BenefitsPostretirement Benefits
Three MonthsNine MonthsThree MonthsNine Months
20222021202220212022202120222021
Ameren Missouri(a)
$ $$(2)$22 $(3)$(1)$(10)$(3)
Ameren Illinois1 2 25 (11)(8)(31)(23)
Other(1)— (3)(1)  
Ameren(a)
$ $15 $(3)$46 $(14)$(8)$(41)$(25)
(a)Does not include the impact of the regulatory tracking mechanism for the difference between the level of pension and postretirement benefit costs incurred by Ameren Missouri under GAAP and the level of such costs included in rates.
v3.22.2.2
Income Taxes Income Taxes (Tables)
9 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The following table presents a reconciliation of the federal statutory corporate income tax rate to the effective income tax rate for the three and nine months ended September 30, 2022 and 2021:
AmerenAmeren MissouriAmeren Illinois
202220212022202120222021
Three Months
Federal statutory corporate income tax rate21 %21 %21 %21 %21 %21 %
Increases (decreases) from:
Amortization of deferred investment tax credit (1)(1)(1) — 
Amortization of excess deferred taxes(a)
(8)(8)

(15)(17)

(2)(2)
Depreciation differences —  —  (1)
Renewable and other tax credits(b)
(4)(2)(10)(8) — 
State tax4 3 7 
Stock-based compensation1 —  —  — 
Cash surrender value of COLI1 —  —  — 
Effective income tax rate15 %14 %(2)%(1)%26 %25 %
Nine Months
Federal statutory corporate income tax rate21 %21 %21 %21 %21 %21 %
Increases (decreases) from:
Amortization of deferred investment tax credit — (1)—  — 
Amortization of excess deferred taxes(a)
(8)(9)

(15)(17)

(2)(3)
Renewable and other tax credits(b)
(4)(3)(10)(8) — 
State tax5 3 7 
Stock-based compensation (1) —  — 
Effective income tax rate14 %13 %(2)%(1)%26 %25 %
(a)Reflects the amortization of amounts resulting from the revaluation of deferred income taxes subject to regulatory ratemaking, which are being refunded to customers. Deferred income taxes are revalued when federal or state income tax rates change, and the offset to the revaluation of deferred income taxes subject to regulatory ratemaking is recorded to a regulatory asset or liability.
(b)Includes credits associated with the High Prairie and Atchison renewable energy centers. Ameren Missouri placed the High Prairie Renewable Energy Center in service in December 2020. Additionally, Ameren Missouri placed in service the wind turbines at its Atchison Renewable Energy Center throughout the first half of 2021. The benefit of the credits associated with Missouri renewable energy standard compliance is refunded to customers through the RESRAM.
v3.22.2.2
Supplemental Information (Tables)
9 Months Ended
Sep. 30, 2022
Supplemental Information [Abstract]  
Schedule of Cash and Cash Equivalents Including Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets and the statements of cash flows at September 30, 2022, and December 31, 2021:
September 30, 2022December 31, 2021
AmerenAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
“Cash and cash equivalents”$7 $ $ $$— $— 
Restricted cash included in “Other current assets”7 3 4 16 
Restricted cash included in “Other assets”162  162 127 — 127 
Restricted cash included in “Nuclear decommissioning trust fund”4 4  — 
Total cash, cash equivalents, and restricted cash$180 $7 $166 $155 $$133 
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table provides a reconciliation of the beginning and ending amount of the allowance for doubtful accounts for the three and nine months ended September 30, 2022 and 2021:
Three MonthsNine Months
2022202120222021
Ameren:
Beginning of period$30 $42 $29 $50 
Bad debt expense15 26 
Net write-offs(14)(13)(24)(22)
End of period$31 $36 $31 $36 
Ameren Missouri:
Beginning of period$12 $16 $13 $16 
Bad debt expense3 6 
Net write-offs(3)(4)(7)(7)
End of period$12 $14 $12 $14 
Ameren Illinois:(a)
Beginning of period$18 $26 $16 $34 
Bad debt expense12 

20 
(b)
Net write-offs(11)(9)(17)(15)
End of period$19 $22 $19 $22 
(a)Ameren Illinois has rate-adjustment mechanisms that allow it to recover the difference between its actual net bad debt write-offs under GAAP, including those associated with receivables purchased from alternative retail electric suppliers, and the amount of net bad debt write-offs included in its base rates.
(b)In the nine months ended September 30, 2021, Ameren Illinois’ bad debt expense was reduced as a result of state funding received for customer bill assistance.
Schedule of Cash Flow, Supplemental Disclosures
The following table provides noncash financing and investing activity excluded from the statements of cash flows for the nine months ended September 30, 2022 and 2021:
September 30, 2022September 30, 2021
AmerenAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
Investing
Accrued capital expenditures$367 $187 $180 $396 $209 $182 
Net realized and unrealized gain/(loss) – nuclear decommissioning trust fund(262)(262) 85 85 — 
Financing
Issuance of common stock for stock-based compensation$31 $ $ $33 $— $— 
Issuance of common stock under the DRPlus8   — — — 
Asset Retirement Obligation Disclosure
The following table provides a reconciliation of the beginning and ending carrying amount of AROs for the nine months ended September 30, 2022:
Ameren
Missouri
Ameren
Illinois
Ameren
Balance at December 31, 2021
$760 
(a)
$
(b)
$764 
(a)
Liabilities incurred— 
Liabilities settled(3)— (3)
Accretion23 
(c)
— 

23 
(c)
Change in estimates(7)— (7)
Balance at September 30, 2022
$774 
(a)
$
(b)
$778 
(a)
(a)Balance included $7 million in “Other current liabilities” on the balance sheet as of both September 30, 2022, and December 31, 2021.
(b)Included in “Other deferred credits and liabilities” on the balance sheet.
(c)Accretion expense attributable to Ameren Missouri was recorded as a decrease to regulatory liabilities.
Schedule of excise taxes The following table presents the excise taxes recorded on a gross basis in “Operating Revenues – Electric,” “Operating Revenues – Natural gas” and “Operating Expenses – Taxes other than income taxes” on the statements of income for the three and nine months ended September 30, 2022 and 2021:
Three MonthsNine Months
2022202120222021
Ameren Missouri$55 $54 $128 $120 
Ameren Illinois28 27 101 93 
Ameren$83 $81 $229 $213 
Schedule of Earnings Per Share, Basic and Diluted
The following table reconciles the basic weighted-average number of common shares outstanding to the diluted weighted-average number of common shares outstanding for the three and nine months ended September 30, 2022 and 2021:
Three MonthsNine Months
2022202120222021
Weighted-average Common Shares Outstanding – Basic258.4 257.3 258.2 255.9 
Assumed settlement of performance share units and restricted stock units0.9 1.3 1.0 1.3 
Dilutive effect of forward sale agreements0.2 — 0.1 — 
Weighted-average Common Shares Outstanding – Diluted(a)
259.5 258.6 259.3 257.2 
(a)There was an immaterial number of anti-dilutive securities excluded from the earnings per diluted share calculations for the three and nine months ended September 30, 2022 and 2021.
v3.22.2.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information By Segment
The following tables present revenues, net income attributable to common shareholders, and capital expenditures by segment at Ameren and Ameren Illinois for the three and nine months ended September 30, 2022 and 2021. Ameren, Ameren Missouri, and Ameren Illinois management review segment capital expenditure information rather than any individual or total asset amount. For additional information about our segments, see Note 16 – Segment Information under Part II, Item 8, of the Form 10-K.
Ameren
Ameren MissouriAmeren Illinois Electric DistributionAmeren Illinois Natural GasAmeren TransmissionOtherIntersegment EliminationsAmeren
Three Months 2022:
External revenues$1,351 $672 $146 $137 $ $ $2,306 
Intersegment revenues8   32  (40) 
Net income (loss) attributable to Ameren common shareholders397 51 (4)78 
(a)
(70) 452 
Capital expenditures431 163 114 187 1 3 899 
Three Months 2021:
External revenues$1,118 $425 $127 $141 $— $— $1,811 
Intersegment revenues11 — 19 — (33)— 
Net income (loss) attributable to Ameren common shareholders375 36 (8)73 
(a)
(51)— 425 
Capital expenditures466 
(b)
143 93 154 (8)850 
(b)
Nine Months 2022:
External revenues$3,071 $1,640 $811 $389 $ $ $5,911 
Intersegment revenues25 1  76  (102) 
Net income (loss) attributable to Ameren common shareholders547 151 82 199 
(a)
(68) 911 
Capital expenditures1,237 444 232 519 4 1 2,437 
Nine Months 2021:
External revenues$2,612 $1,222 $642 $373 $— $— $4,849 
Intersegment revenues30 — 53 — (88)— 
Net income (loss) attributable to Ameren common shareholders533 123 75 175 
(a)
(41)— 865 
Capital expenditures1,567 
(b)
429 202 426 (14)2,613 
(b)
(a)Ameren Transmission earnings reflect an allocation of financing costs from Ameren (parent).
(b)Includes $98 million and $515 million at Ameren and Ameren Missouri for wind generation expenditures for the three and nine months ended September 30, 2021, respectively.
Ameren Illinois
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionIntersegment EliminationsAmeren Illinois
Three Months 2022:
External revenues$672 $146 $86 $ $904 
Intersegment revenues  31 (31) 
Net income (loss) available to common shareholder51 (4)56  103 
Capital expenditures163 114 169  446 
Three Months 2021:
External revenues$428 $127 $90 $— $645 
Intersegment revenues— — 18 (18)— 
Net income (loss) available to common shareholder36 (8)51 — 79 
Capital expenditures143 93 144 — 380 
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionIntersegment EliminationsAmeren Illinois
Nine Months 2022:
External revenues$1,641 $811 $245 $ $2,697 
Intersegment revenues  75 (75) 
Net income available to common shareholder151 82 142  375 
Capital expenditures444 232 469  1,145 
Nine Months 2021:
External revenues$1,227 $642 $228 $— $2,097 
Intersegment revenues— — 49 (49)— 
Net income available to common shareholder123 75 116 — 314 
Capital expenditures429 202 395 — 1,026 
Disaggregation of Revenue
The following tables present disaggregated revenues by segment at Ameren and Ameren Illinois for the three and nine months ended September 30, 2022 and 2021. 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 MissouriAmeren Illinois Electric DistributionAmeren Illinois Natural GasAmeren TransmissionIntersegment EliminationsAmeren
Three Months 2022:
Residential$564 $407 $ $ $ $971 
Commercial430 233    663 
Industrial99 47    146 
Other245 (15)

 169 (39)360 
Total electric revenues$1,338 $672 $ $169 $(39)$2,140 
Residential$11 $ $89 $ $ $100 
Commercial6  25   31 
Industrial1  5   6 
Other3  27 

 (1)29 
Total natural gas revenues$21 $ $146 $ $(1)$166 
Total revenues(a)
$1,359 $672 $146 $169 $(40)$2,306 
Three Months 2021:
Residential$537 $258 $— $— $— $795 
Commercial412 143 — — — 555 
Industrial98 26 — — — 124 
Other66 

— 160 (33)194 

Total electric revenues$1,113 $428 $— $160 $(33)$1,668 
Residential$$— $75 $— $— $84 
Commercial— 23 — — 27 
Industrial— — — — 
Other— 26 — — 29 
Total natural gas revenues$16 $— $127 $— $— $143 
Total revenues(a)
$1,129 $428 $127 $160 $(33)$1,811 
Ameren MissouriAmeren Illinois Electric DistributionAmeren Illinois Natural GasAmeren TransmissionIntersegment EliminationsAmeren
Nine Months 2022:
Residential$1,267 $954 $ $ $ $2,221 
Commercial968 571    1,539 
Industrial229 145    374 
Other502 (29) 465 (101)837 
Total electric revenues$2,966 $1,641 $ $465 $(101)$4,971 
Residential$78 $ $575 $ $ $653 
Commercial36  152   188 
Industrial4  33   37 
Other12  51  (1)62 
Total natural gas revenues$130 $ $811 $ $(1)$940 
Total revenues(a)
$3,096 $1,641 $811 $465 $(102)$5,911 
Nine Months 2021:
Residential$1,177 $705 $— $— $— $1,882 
Commercial899 402 — — — 1,301 
Industrial221 94 — — — 315 
Other246 26 — 426 (88)610 
Total electric revenues$2,543 $1,227 $— $426 $(88)$4,108 
Residential$54 $— $438 $— $— $492 
Commercial23 — 116 — — 139 
Industrial— 20 — — 22 
Other20 — 68 — — 88 
Total natural gas revenues$99 $— $642 $— $— $741 
Total revenues(a)
$2,642 $1,227 $642 $426 $(88)$4,849 
(a)The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the three and nine months ended September 30, 2022 and 2021:
Ameren MissouriAmeren Illinois Electric DistributionAmeren Illinois Natural GasAmeren TransmissionAmeren
Three Months 2022:
Revenues from alternative revenue programs$14 $(83)$(3)$(11)$(83)
Other revenues not from contracts with customers(45)
(a)
2   (43)
(a)
Three Months 2021:
Revenues from alternative revenue programs$$(97)$(5)$$(95)
Other revenues not from contracts with customers
(b)
— — 13 
(b)
Nine Months 2022:
Revenues from alternative revenue programs$8 $13 $(5)$(14)$2 
Other revenues not from contracts with customers(81)
(a), (b)
5 2  (74)
(a), (b)
Nine Months 2021:
Revenues from alternative revenue programs$(9)$(2)$— $$(6)
Other revenues not from contracts with customers71 
(b)
— 82 
(b)
(a)Includes net realized losses on derivative power contracts.
(b)Includes insurance recoveries related to lost sales associated with the Callaway Energy Center maintenance outage. See Note 9 – Callaway Energy Center under Part II, Item 8, of the Form 10-K for additional information.
Ameren Illinois
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionIntersegment EliminationsAmeren Illinois
Three Months 2022:
Residential$407 $89 $ $ $496 
Commercial233 25   258 
Industrial47 5   52 
Other(15)

27 

117 (31)98 
Total revenues(a)
$672 $146 $117 $(31)$904 
Three Months 2021:
Residential$258 $75 $— $— $333 
Commercial143 23 — — 166 
Industrial26 — — 29 
Other26 108 (18)117 
Total revenues(a)
$428 $127 $108 $(18)$645 
Nine Months 2022:
Residential$954 $575 $ $ $1,529 
Commercial571 152   723 
Industrial145 33   178 
Other(29)51 320 (75)267 
Total revenues(a)
$1,641 $811 $320 $(75)$2,697 
Nine Months 2021:
Residential$705 $438 $— $— $1,143 
Commercial402 116 — — 518 
Industrial94 20 — — 114 
Other26 68 277 (49)322 
Total revenues(a)
$1,227 $642 $277 $(49)$2,097 
(a)The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the Ameren Illinois segments for the three and nine months ended September 30, 2022 and 2021:
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionAmeren Illinois
Three Months 2022:
Revenues from alternative revenue programs$(83)$(3)$(10)$(96)
Other revenues not from contracts with customers2   2 
Three Months 2021:
Revenues from alternative revenue programs$(97)$(5)$$(99)
Other revenues not from contracts with customers— — 
Nine Months 2022:
Revenues from alternative revenue programs$13 $(5)$(12)$(4)
Other revenues not from contracts with customers5 2  7 
Nine Months 2021:
Revenues from alternative revenue programs$(2)$— $$
Other revenues not from contracts with customers— 11 
v3.22.2.2
Summary of Significant Accounting Policies (Narrative) (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Basis Of Presentation And Significant Accounting Policies [Line Items]    
Unconsolidated variable interest $ 58 $ 56
Cash Surrender Value of Life Insurance 239 278
Corporate owned life insurance, borrowings 108 109
Ameren Illinois Company    
Basis Of Presentation And Significant Accounting Policies [Line Items]    
Cash Surrender Value of Life Insurance 116 117
Corporate owned life insurance, borrowings 108 $ 109
Partnership Funding Commitment    
Basis Of Presentation And Significant Accounting Policies [Line Items]    
Outstanding funding commitments $ 21  
v3.22.2.2
Rate And Regulatory Matters (Narrative-Missouri) (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
Jun. 30, 2022
MWh
Mar. 31, 2022
MWh
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
numberOfCountriesInvestigatedByTheDOC
Sep. 30, 2021
USD ($)
Rate And Regulatory Matters [Line Items]            
Revenues $ 2,306     $ 1,811 $ 5,911 $ 4,849
Union Electric Company            
Rate And Regulatory Matters [Line Items]            
Missouri Renewable Energy Standard Percentage         15.00%  
Missouri Renewable Energy Standard Percentage - Solar         2.00%  
Number of Countries Investigated by the DOC | numberOfCountriesInvestigatedByTheDOC         4  
Union Electric Company | Pending Rate Case | Electric            
Rate And Regulatory Matters [Line Items]            
Public Utilities, Requested Rate Increase (Decrease), Amount         $ 316  
Public Utilities, Requested Return on Equity, Percentage         10.20%  
Public Utilities, Requested Equity Capital Structure, Percentage         51.90%  
Rate Base         $ 11,600  
Months to complete a rate proceeding         11 months  
Union Electric Company | Wind Generation Facility            
Rate And Regulatory Matters [Line Items]            
Amount of Megawatts | MWh   200 150      
Union Electric Company | Final Rate Order | Electric | MEEIA 2019 [Domain]            
Rate And Regulatory Matters [Line Items]            
Revenues $ 12     $ 9    
Union Electric Company | Maximum            
Rate And Regulatory Matters [Line Items]            
PISA Rate Increase Limit Beginning 2024         2.50%  
Public Utilities, Approved Rate Increase (Decrease), Percentage         2.85%  
Percentage of energy sourced from renewable resources         100.00%  
v3.22.2.2
Rate And Regulatory Matters (Narrative-Illinois) (Details) - Ameren Illinois Company
$ in Millions
9 Months Ended
Sep. 30, 2022
USD ($)
numberOfProposedPerformanceMetrics
Rate And Regulatory Matters [Line Items]  
Annual investment in energy-efficiency programs $ 120
Minimum  
Rate And Regulatory Matters [Line Items]  
ICC required RTO cost benefit study duration 5 years
Maximum  
Rate And Regulatory Matters [Line Items]  
ICC required RTO cost benefit study duration 10 years
Electric Distribution  
Rate And Regulatory Matters [Line Items]  
Requested Return on Equity Adjustment 0.24%
Number of Proposed Performance Metrics | numberOfProposedPerformanceMetrics 7
Electric Distribution | Minimum  
Rate And Regulatory Matters [Line Items]  
Return on equity adjustment 0.20%
Electric Distribution | Maximum  
Rate And Regulatory Matters [Line Items]  
Return on equity adjustment 0.60%
Pending Rate Case | Electric Distribution | IEIMA  
Rate And Regulatory Matters [Line Items]  
Public Utilities, Requested Rate Increase (Decrease), Amount $ 84
Public Utilities, Requested Equity Capital Structure, Percentage 54.00%
ICC Staff Recommended Rate Increase (Decrease) $ 61
ICC Staff Recommended Equity Capital Structure, Percentage 50.00%
Pending Rate Case | Electric Distribution | FEJA energy-efficiency rider  
Rate And Regulatory Matters [Line Items]  
Public Utilities, Requested Rate Increase (Decrease), Amount $ 17
ICC Staff Recommended Rate Increase (Decrease) 15
Pending Rate Case | Natural gas  
Rate And Regulatory Matters [Line Items]  
Natural Gas Capital Investment Prudency Challenge 70
Challenged Recoveries Under the QIP 3
IETL  
Rate And Regulatory Matters [Line Items]  
Energy Transition Assistance Fund Surcharge $ 50
v3.22.2.2
Rate And Regulatory Matters (Narrative-Federal) (Details) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended 9 Months Ended
May 31, 2020
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Rate And Regulatory Matters [Line Items]            
Regulatory liabilities   $ 5,658   $ 5,658   $ 5,848
Revenues   2,306 $ 1,811 5,911 $ 4,849  
Ameren Illinois Company            
Rate And Regulatory Matters [Line Items]            
Regulatory liabilities   2,532   2,532   $ 2,374
Revenues   904 $ 645 2,697 $ 2,097  
Final Rate Order | Ameren Illinois Company            
Rate And Regulatory Matters [Line Items]            
Regulatory liabilities   $ 9   9    
Midwest Independent Transmission System Operator, Inc            
Rate And Regulatory Matters [Line Items]            
Revenues       17    
Midwest Independent Transmission System Operator, Inc | Ameren Illinois Company            
Rate And Regulatory Matters [Line Items]            
Revenues       $ 11    
Midwest Independent Transmission System Operator, Inc | Final Rate Order            
Rate And Regulatory Matters [Line Items]            
Approved return on equity percentage 10.02%          
v3.22.2.2
Short-Term Debt And Liquidity (Narrative) (Details)
$ in Billions
3 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
Sep. 30, 2022
USD ($)
Sep. 30, 2021
Credit Agreements        
Short-term Debt [Line Items]        
Net Liquidity Available $ 1.1   $ 1.1  
Actual debt-to-capital ratio 0.59   0.59  
Utilities        
Short-term Debt [Line Items]        
Short-term Debt, Weighted Average Interest Rate, over Time 2.48% 0.06% 1.29% 0.17%
Union Electric Company | Missouri Credit Agreement        
Short-term Debt [Line Items]        
Actual debt-to-capital ratio 0.49   0.49  
Ameren Illinois Company | Illinois Credit Agreement        
Short-term Debt [Line Items]        
Actual debt-to-capital ratio 0.45   0.45  
v3.22.2.2
Short-Term Debt and Liquidity (Short-Term Debt outstanding) (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Short-term Debt [Line Items]    
Short-term debt $ 1,221 $ 545
Union Electric Company    
Short-term Debt [Line Items]    
Short-term debt 178 165
Ameren Illinois Company    
Short-term Debt [Line Items]    
Short-term debt 353 103
Commercial Paper    
Short-term Debt [Line Items]    
Short-term debt 1,221 545
Commercial Paper | Parent Company    
Short-term Debt [Line Items]    
Short-term debt 690 277
Commercial Paper | Union Electric Company    
Short-term Debt [Line Items]    
Short-term debt 178 165
Commercial Paper | Ameren Illinois Company    
Short-term Debt [Line Items]    
Short-term debt $ 353 $ 103
v3.22.2.2
Short-Term Debt and Liquidity (Short-Term Debt Activity) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Short-term Debt [Line Items]    
Average daily amount outstanding $ 791 $ 665
Weighted-average interest rate 1.47% 0.22%
Short-term Debt, Maximum Amount Outstanding During Period $ 1,222 $ 1,134
Peak interest rate 3.60% 0.33%
Parent Company    
Short-term Debt [Line Items]    
Average daily amount outstanding $ 439 $ 404
Weighted-average interest rate 1.58% 0.23%
Short-term Debt, Maximum Amount Outstanding During Period $ 690 $ 650
Peak interest rate 3.55% 0.33%
Union Electric Company    
Short-term Debt [Line Items]    
Average daily amount outstanding $ 253 $ 121
Weighted-average interest rate 1.16% 0.22%
Short-term Debt, Maximum Amount Outstanding During Period $ 539 $ 546
Peak interest rate 3.55% 0.25%
Ameren Illinois Company    
Short-term Debt [Line Items]    
Average daily amount outstanding $ 99 $ 140
Weighted-average interest rate 1.77% 0.22%
Short-term Debt, Maximum Amount Outstanding During Period $ 354 $ 485
Peak interest rate 3.60% 0.25%
v3.22.2.2
Long-Term debt and Equity Financings (Details)
$ / shares in Units, shares in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Aug. 31, 2022
USD ($)
Apr. 30, 2022
USD ($)
Sep. 30, 2022
USD ($)
shares
Mar. 31, 2022
USD ($)
shares
Sep. 30, 2021
shares
Sep. 30, 2022
USD ($)
$ / shares
shares
Sep. 30, 2021
USD ($)
shares
Aug. 29, 2022
USD ($)
May 31, 2021
USD ($)
Long-Term Debt And Equity Financings [Line Items]                  
Shares issued under the DRPlus and 401(k) plan | shares     0.1   0.1 0.4 0.4    
Issuances of common stock           $ 29,000,000 $ 297,000,000    
Stock Issued During Period, Shares, Other | shares     0.0 0.4 0.0 0.4 0.5    
Stock Issued During Period, Value, Other       $ 31,000,000          
Maximum Value Of Shares To Be Issued Under ATM Program                 $ 750,000,000
Forward Contract Indexed to Issuer's Equity, Basis Spread     75     75      
Minimum                  
Long-Term Debt And Equity Financings [Line Items]                  
Forward Contract Indexed to Issuer's Equity, Forward Rate Per Share | $ / shares           $ 86.35      
Maximum                  
Long-Term Debt And Equity Financings [Line Items]                  
Forward Contract Indexed to Issuer's Equity, Forward Rate Per Share | $ / shares           94.80      
Weighted Average                  
Long-Term Debt And Equity Financings [Line Items]                  
Forward Contract Indexed to Issuer's Equity, Forward Rate Per Share | $ / shares           $ 90.31      
Dividend reinvestment and 401 (k) plans                  
Long-Term Debt And Equity Financings [Line Items]                  
Issuances of common stock     $ 4,000,000     $ 29,000,000      
Accrued Proceeds from Issuance of Common Stock           $ 8,000,000      
Forward Sale Agreements Outstanding                  
Long-Term Debt And Equity Financings [Line Items]                  
Forward Contract Indexed to Issuer's Equity, Indexed Shares (in shares) | shares     6.6     6.6      
Forward Contract Indexed to Issuer's Equity, Settlement Alternatives, Shares, at Fair Value | shares     6.6     6.6      
Forward Contract Indexed to Issuer's Equity, Settlement Alternatives, Cash, at Fair Value     $ 587,000,000     $ 587,000,000      
Period End Net Cash Settlement Price     58,000,000     58,000,000      
Period End Net Share Settlement Price     700,000     700,000      
Forward Sale Agreement Equity Offering Shares     6,600,000     6,600,000      
Forward Sale Agreement Gross Sales Price     600,000,000     600,000,000      
Forward Sale Agreement, Compensation Received by Counterparty     $ 6,000,000     $ 6,000,000      
Union Electric Company | Secured Debt | Senior Secured Notes 3.90% Due 2052                  
Long-Term Debt And Equity Financings [Line Items]                  
Debt Instrument, Face Amount   $ 525,000,000              
Debt Instrument, Interest Rate, Stated Percentage   3.90%              
Proceeds from Issuance of Secured Debt   $ 519,000,000              
Ameren Illinois Company | Unsecured Debt | Senior Secured Notes 3.85% Due 2032                  
Long-Term Debt And Equity Financings [Line Items]                  
Debt Instrument, Face Amount               $ 500,000,000  
Debt Instrument, Interest Rate, Stated Percentage               3.85%  
Proceeds from Issuance of Secured Debt $ 496,000,000                
Ameren Illinois Company | Unsecured Debt | Senior Secured Notes 2.70% Due 2022                  
Long-Term Debt And Equity Financings [Line Items]                  
Debt Instrument, Face Amount               $ 400,000,000  
Debt Instrument, Interest Rate, Stated Percentage               2.70%  
Ameren Transmission Company of Illinois | Unsecured Debt | Senior Unsecured Notes, 2.96%, Due 2052                  
Long-Term Debt And Equity Financings [Line Items]                  
Debt Instrument, Face Amount               $ 95,000,000  
Debt Instrument, Interest Rate, Stated Percentage     2.96%     2.96%      
Proceeds from Issuance of Debt $ 95,000,000                
Ameren Transmission Company of Illinois | Unsecured Debt | Senior Unsecured Notes, 3.43%, Due 2050                  
Long-Term Debt And Equity Financings [Line Items]                  
Debt Instrument, Interest Rate, Stated Percentage     3.43%     3.43%      
Long-Term Debt, Maturity, Year One     $ 50,000,000     $ 50,000,000      
v3.22.2.2
Other Income, Net (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Other Nonoperating Income (Expense) [Line Items]        
Allowance for equity funds used during construction $ 12 $ 14 $ 31 $ 30
Interest income on industrial development revenue bonds 6 7 18 19
Non-service cost components of net periodic benefit income 45 34 138 102
Miscellaneous income 5 1 14 7
Income (Loss) from Equity Method Investments (3) 2 1 8
Donations (1) (1) (5) (5)
Miscellaneous expense (6) (1) (17) (10)
Total Other Income, Net 58 56 180 151
Union Electric Company        
Other Nonoperating Income (Expense) [Line Items]        
Allowance for equity funds used during construction 7 7 17 17
Interest income on industrial development revenue bonds 6 7 18 19
Non-service cost components of net periodic benefit income 13 13 41 41
Miscellaneous income 2 2 5 3
Donations 0 0 (2) (1)
Miscellaneous expense (3) (2) (7) (5)
Total Other Income, Net 25 27 72 74
Defined Benefit Plan, Non-service Cost or Income Components - Tracker 5 (3) 16 (6)
Ameren Illinois Company        
Other Nonoperating Income (Expense) [Line Items]        
Allowance for equity funds used during construction 5 7 14 13
Non-service cost components of net periodic benefit income 21 13 63 41
Miscellaneous income 4 0 9 4
Donations (1) (1) (3) (4)
Miscellaneous expense (3) 0 (8) (5)
Total Other Income, Net $ 26 $ 19 $ 75 $ 49
v3.22.2.2
Derivative Financial Instruments (Open Gross Derivative Volumes By Commodity Type) (Detail)
lb in Thousands, gal in Millions, MWh in Millions, MMBTU in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2022
MWh
MMBTU
lb
gal
Dec. 31, 2021
MMBTU
MWh
lb
gal
Fuel oils    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Volume | gal 19 30
Natural gas    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MMBTU 187 179
Power    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MWh 8 12
Uranium    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Mass | lb 406 586
Union Electric Company | Fuel oils    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Volume | gal 19 30
Union Electric Company | Natural gas    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MMBTU 43 35
Union Electric Company | Power    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MWh 2 6
Union Electric Company | Uranium    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Mass | lb 406 586
Ameren Illinois Company | Fuel oils    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Volume | gal 0 0
Ameren Illinois Company | Natural gas    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MMBTU 144 144
Ameren Illinois Company | Power    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MWh 6 6
Ameren Illinois Company | Uranium    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Mass | lb 0 0
v3.22.2.2
Derivative Financial Instruments (Derivative Instruments Carrying Value) (Detail) - Not Designated As Hedging Instrument - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Derivative [Line Items]    
Derivative assets $ 167 $ 90
Derivative Liability 177 202
Fuel oils | Other current assets    
Derivative [Line Items]    
Derivative assets 12 8
Fuel oils | Other assets    
Derivative [Line Items]    
Derivative assets 3 5
Fuel oils | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative Liability 1 0
Natural gas | Other current assets    
Derivative [Line Items]    
Derivative assets 71 35
Natural gas | Other assets    
Derivative [Line Items]    
Derivative assets 34 18
Natural gas | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative Liability 4 3
Natural gas | Other current liabilities    
Derivative [Line Items]    
Derivative Liability 11 8
Power | Other current assets    
Derivative [Line Items]    
Derivative assets 39 23
Power | Other assets    
Derivative [Line Items]    
Derivative assets 5 0
Power | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative Liability 50 131
Power | Other current liabilities    
Derivative [Line Items]    
Derivative Liability 111 59
Uranium | Other current assets    
Derivative [Line Items]    
Derivative assets 2 0
Uranium | Other assets    
Derivative [Line Items]    
Derivative assets 1 1
Uranium | Other current liabilities    
Derivative [Line Items]    
Derivative Liability 0 1
Union Electric Company    
Derivative [Line Items]    
Derivative assets 73 49
Derivative Liability 129 77
Union Electric Company | Fuel oils | Other current assets    
Derivative [Line Items]    
Derivative assets 12 8
Union Electric Company | Fuel oils | Other assets    
Derivative [Line Items]    
Derivative assets 3 5
Union Electric Company | Fuel oils | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative Liability 1 0
Union Electric Company | Natural gas | Other current assets    
Derivative [Line Items]    
Derivative assets 14 7
Union Electric Company | Natural gas | Other assets    
Derivative [Line Items]    
Derivative assets 13 5
Union Electric Company | Natural gas | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative Liability 1 1
Union Electric Company | Natural gas | Mark-to-market derivative liabilities    
Derivative [Line Items]    
Derivative Liability 2 2
Union Electric Company | Natural gas | Other current liabilities    
Derivative [Line Items]    
Derivative Liability 0 0
Union Electric Company | Power | Other current assets    
Derivative [Line Items]    
Derivative assets 28 23
Union Electric Company | Power | Other assets    
Derivative [Line Items]    
Derivative assets 0 0
Union Electric Company | Power | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative Liability 14 23
Union Electric Company | Power | Mark-to-market derivative liabilities    
Derivative [Line Items]    
Derivative Liability 111 50
Union Electric Company | Power | Other current liabilities    
Derivative [Line Items]    
Derivative Liability 0 0
Union Electric Company | Uranium | Other current assets    
Derivative [Line Items]    
Derivative assets 2 0
Union Electric Company | Uranium | Other assets    
Derivative [Line Items]    
Derivative assets 1 1
Union Electric Company | Uranium | Mark-to-market derivative liabilities    
Derivative [Line Items]    
Derivative Liability 0 1
Union Electric Company | Uranium | Other current liabilities    
Derivative [Line Items]    
Derivative Liability 0 0
Ameren Illinois Company    
Derivative [Line Items]    
Derivative assets 94 41
Derivative Liability 48 125
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 deferred credits and liabilities    
Derivative [Line Items]    
Derivative Liability 0 0
Ameren Illinois Company | Natural gas | Other current assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Natural gas | Other assets    
Derivative [Line Items]    
Derivative assets 21 13
Ameren Illinois Company | Natural gas | Mark-to-market derivative assets    
Derivative [Line Items]    
Derivative assets 57 28
Ameren Illinois Company | Natural gas | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative Liability 3 2
Ameren Illinois Company | Natural gas | Other current liabilities    
Derivative [Line Items]    
Derivative Liability 9 6
Ameren Illinois Company | Power | Other current assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Power | Other assets    
Derivative [Line Items]    
Derivative assets 5 0
Ameren Illinois Company | Power | Mark-to-market derivative assets    
Derivative [Line Items]    
Derivative assets 11 0
Ameren Illinois Company | Power | Other deferred credits and liabilities    
Derivative [Line Items]    
Derivative Liability 36 108
Ameren Illinois Company | Power | Other current liabilities    
Derivative [Line Items]    
Derivative Liability 0 9
Ameren Illinois Company | Uranium | Other current assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Uranium | Other assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Uranium | Other current liabilities    
Derivative [Line Items]    
Derivative Liability $ 0 $ 0
v3.22.2.2
Derivative Financial Instruments (Offsetting Assets and Liabilities) (Details) - Not Designated As Hedging Instrument - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Derivative [Line Items]    
Gross derivative asset amount recognized on the balance sheet $ 167 $ 90
Gross derivative instruments not offset in the balance sheet 31 19
Gross cash collateral received not offset in the balance sheet 3 0
Net derivative asset 133 71
Gross derivative liability amount recognized on the balance sheet 177 202
Gross derivative instruments not offset in the balance sheet 31 19
Gross cash collateral posted not offset in the balance sheet 99 47
Net derivative liability 47 136
Union Electric Company    
Derivative [Line Items]    
Gross derivative asset amount recognized on the balance sheet 73 49
Gross derivative instruments not offset in the balance sheet 18 15
Gross cash collateral received not offset in the balance sheet 2 0
Net derivative asset 53 34
Gross derivative liability amount recognized on the balance sheet 129 77
Gross derivative instruments not offset in the balance sheet 18 15
Gross cash collateral posted not offset in the balance sheet 99 47
Net derivative liability 12 15
Ameren Illinois Company    
Derivative [Line Items]    
Gross derivative asset amount recognized on the balance sheet 94 41
Gross derivative instruments not offset in the balance sheet 13 4
Gross cash collateral received not offset in the balance sheet 1 0
Net derivative asset 80 37
Gross derivative liability amount recognized on the balance sheet 48 125
Gross derivative instruments not offset in the balance sheet 13 4
Gross cash collateral posted not offset in the balance sheet 0 0
Net derivative liability $ 35 $ 121
v3.22.2.2
Derivative Financial Instruments (Credit Risk) (Details)
$ in Millions
9 Months Ended
Sep. 30, 2022
USD ($)
Credit Derivatives [Line Items]  
Credit Derivative, Maximum Exposure, Undiscounted $ 142
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure 124
Union Electric Company  
Credit Derivatives [Line Items]  
Credit Derivative, Maximum Exposure, Undiscounted 55
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure 43
Ameren Illinois Company  
Credit Derivatives [Line Items]  
Credit Derivative, Maximum Exposure, Undiscounted 87
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure $ 81
v3.22.2.2
Fair Value Measurements (Schedule Of Fair Value Hierarchy Of Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: $ 901 $ 1,152
Assets fair value 1,068 1,242
Excluded receivables, payables, and accrued income, net 9 7
Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 574 824
Assets fair value 603 848
Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 327 328
Assets fair value 418 373
Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 0 0
Assets fair value 47 21
Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 167 90
Derivative Liability 177 202
Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 29 24
Derivative Liability 99 45
Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 91 45
Derivative Liability 8 7
Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 47 21
Derivative Liability 70 150
Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 901 1,152
Assets fair value 974 1,201
Union Electric Company | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 574 824
Assets fair value 597 847
Union Electric Company | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 327 328
Assets fair value 353 340
Union Electric Company | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 0 0
Assets fair value 24 14
Union Electric Company | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 73 49
Derivative Liability 129 77
Union Electric Company | Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 23 23
Derivative Liability 99 45
Union Electric Company | Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 26 12
Derivative Liability 2 2
Union Electric Company | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 24 14
Derivative Liability 28 30
Union Electric Company | Fuel oils | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 15 13
Derivative Liability 1 0
Union Electric Company | Fuel oils | Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 13 13
Derivative Liability 1 0
Union Electric Company | Fuel oils | Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative Liability 0 0
Union Electric Company | Fuel oils | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 2 0
Derivative Liability 0 0
Union Electric Company | Natural gas | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 27 12
Derivative Liability 3 3
Union Electric Company | Natural gas | Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 0
Derivative Liability 0 0
Union Electric Company | Natural gas | Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 26 12
Derivative Liability 2 2
Union Electric Company | Natural gas | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative Liability 1 1
Union Electric Company | Power | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 28 23
Derivative Liability 125 73
Union Electric Company | Power | Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 9 10
Derivative Liability 98 45
Union Electric Company | Power | Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative Liability 0 0
Union Electric Company | Power | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 19 13
Derivative Liability 27 28
Union Electric Company | Uranium | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 3 1
Derivative Liability 0 1
Union Electric Company | Uranium | Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative Liability 0 0
Union Electric Company | Uranium | Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative Liability 0 0
Union Electric Company | Uranium | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 3 1
Derivative Liability 0 1
Union Electric Company | Equity securities: | U.S. large capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 574 824
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: 574 824
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: | U.S. Treasury and agency securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 148 141
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: 148 141
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: | Corporate bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 115 131
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: 115 131
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: | Other Debt Securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear decommissioning trust fund: 64 56
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: 64 56
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    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets fair value 94 41
Ameren Illinois Company | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets fair value 6 1
Ameren Illinois Company | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets fair value 65 33
Ameren Illinois Company | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets fair value 23 7
Ameren Illinois Company | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Liability 48 125
Ameren Illinois Company | Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Liability 0 0
Ameren Illinois Company | Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Liability 6 5
Ameren Illinois Company | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Liability 42 120
Ameren Illinois Company | Natural gas | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 78 41
Derivative Liability 12 8
Ameren Illinois Company | Natural gas | Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 6 1
Derivative Liability 0 0
Ameren Illinois Company | Natural gas | Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 65 33
Derivative Liability 6 5
Ameren Illinois Company | Natural gas | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 7 7
Derivative Liability 6 3
Ameren Illinois Company | Power | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 16 0
Derivative Liability 36 117
Ameren Illinois Company | Power | Commodity Contract | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative Liability 0 0
Ameren Illinois Company | Power | Commodity Contract | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative Liability 0 0
Ameren Illinois Company | Power | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 16 0
Derivative Liability $ 36 $ 117
v3.22.2.2
Fair Value Measurements (Schedule Of Changes In The Fair Value Of Financial Assets And Liabilities Classified As Level Three In The Fair Value Hierarchy) (Details) - Power - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ (80) $ (171) $ (132) $ (196)
Included in regulatory assets/liabilities 20 3 49 21
Settlements, assets 32 1 55 8
Change in unrealized gains (losses) related to assets/liabilities held at period end 25 2 61 21
Ending balance (28) (167) (28) (167)
Union Electric Company        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (36) (5) (15) 2
Included in regulatory assets/liabilities (10) (16) (56) (22)
Settlements, assets 38   63  
Settlement, liabilities   (2)   (3)
Change in unrealized gains (losses) related to assets/liabilities held at period end (3) (17) (39) (21)
Ending balance (8) (23) (8) (23)
Ameren Illinois Company        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (44) (166) (117) (198)
Included in regulatory assets/liabilities 30 19 105 43
Settlements, assets   3   11
Settlement, liabilities (6)   (8)  
Change in unrealized gains (losses) related to assets/liabilities held at period end 28 19 100 42
Ending balance $ (20) $ (144) $ (20) $ (144)
v3.22.2.2
Fair Value Measurements (Schedule Of Valuation Process And Unobservable Inputs) (Details) - Power
$ in Millions
Sep. 30, 2022
USD ($)
$ / MWh
$ / MMBTU
Dec. 31, 2021
USD ($)
$ / MWh
$ / MMBTU
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Derivative assets | $ $ 35 $ 13
Derivative liabilities | $ $ (63) $ (145)
Commodity Forward Price | Discounted cash flow | Minimum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input 42 32
Commodity Forward Price | Discounted cash flow | Maximum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input 118 55
Commodity Forward Price | Discounted cash flow | Weighted Average    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input 60 40
Nodal Basis | Discounted cash flow | Minimum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input (15) (14)
Nodal Basis | Discounted cash flow | Maximum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input 2 0
Nodal Basis | Discounted cash flow | Weighted Average    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input (5) (2)
Commodity Future Price | Discounted cash flow | Minimum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input | $ / MMBTU 0  
Commodity Future Price | Discounted cash flow | Maximum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input | $ / MMBTU 1  
Commodity Future Price | Discounted cash flow | Weighted Average    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input | $ / MMBTU 0 0
v3.22.2.2
Fair Value Measurements (Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Assets and Liabilities) (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash $ 180 $ 155 $ 145 $ 301
Short-term debt 1,221 545    
Union Electric Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 7 8 11 145
Short-term debt 178 165    
Ameren Illinois Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 166 133 $ 122 $ 147
Short-term debt 353 103    
Carrying Amount        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 180 155    
Investments in industrial development revenue bonds 248 248    
Short-term debt 1,221 545    
Long-term debt (including current portion) 13,732 13,067    
Debt Issuance Costs, Net 99 94    
Carrying Amount | Union Electric Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 7 8    
Investments in industrial development revenue bonds 248 248    
Short-term debt 178 165    
Long-term debt (including current portion) 6,140 5,619    
Debt Issuance Costs, Net 42 38    
Carrying Amount | Ameren Illinois Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 166 133    
Short-term debt 353 103    
Long-term debt (including current portion) 4,489 4,392    
Debt Issuance Costs, Net 41 39    
Fair Value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 180 155    
Investments, Fair Value Disclosure 248 248    
Short-term Debt, Fair Value 1,221 545    
Long-term Debt, Fair Value 11,939 14,521    
Fair Value | Level 1        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 180 155    
Investments, Fair Value Disclosure 0 0    
Short-term Debt, Fair Value 0 0    
Long-term Debt, Fair Value 0 0    
Fair Value | Level 2        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 0 0    
Investments, Fair Value Disclosure 248 248    
Short-term Debt, Fair Value 1,221 545    
Long-term Debt, Fair Value 11,493 13,930    
Fair Value | Level 3        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 0 0    
Investments, Fair Value Disclosure 0 0    
Short-term Debt, Fair Value 0 0    
Long-term Debt, Fair Value 446 591    
Fair Value | Union Electric Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 7 8    
Investments, Fair Value Disclosure 248 248    
Short-term Debt, Fair Value 178 165    
Long-term Debt, Fair Value 5,352 6,321    
Fair Value | Union Electric Company | Level 1        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 7 8    
Investments, Fair Value Disclosure 0 0    
Short-term Debt, Fair Value 0 0    
Long-term Debt, Fair Value 0 0    
Fair Value | Union Electric Company | Level 2        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 0 0    
Investments, Fair Value Disclosure 248 248    
Short-term Debt, Fair Value 178 165    
Long-term Debt, Fair Value 5,352 6,321    
Fair Value | Union Electric Company | Level 3        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 0 0    
Investments, Fair Value Disclosure 0 0    
Short-term Debt, Fair Value 0 0    
Long-term Debt, Fair Value 0 0    
Fair Value | Ameren Illinois Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 166 133    
Short-term Debt, Fair Value 353 103    
Long-term Debt, Fair Value 3,868 4,971    
Fair Value | Ameren Illinois Company | Level 1        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 166 133    
Short-term Debt, Fair Value 0 0    
Long-term Debt, Fair Value 0 0    
Fair Value | Ameren Illinois Company | Level 2        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 0 0    
Short-term Debt, Fair Value 353 103    
Long-term Debt, Fair Value 3,868 4,971    
Fair Value | Ameren Illinois Company | Level 3        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 0 0    
Short-term Debt, Fair Value 0 0    
Long-term Debt, Fair Value $ 0 $ 0    
v3.22.2.2
Related Party Transactions (Narrative) (Details) - Ameren Services Support Services Agreement - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Union Electric Company    
Related Party Transaction [Line Items]    
Due from Related Parties $ 80 $ 77
Ameren Illinois Company    
Related Party Transaction [Line Items]    
Due from Related Parties $ 83 $ 80
v3.22.2.2
Related Party Transactions (Schedule of Affiliate Receivables and Payables) (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Union Electric Company    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current $ 43 $ 46
Accounts Receivable, Related Parties, Current 23 44
Union Electric Company | Income taxes payable to parent    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current 0 0
Union Electric Company | Income taxes receivable from parent    
Related Party Transaction [Line Items]    
Accounts Receivable, Related Parties, Current 12 27
Ameren Illinois Company    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current 117 64
Accounts Receivable, Related Parties, Current 9 24
Ameren Illinois Company | Income taxes payable to parent    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current 72 8
Ameren Illinois Company | Income taxes receivable from parent    
Related Party Transaction [Line Items]    
Accounts Receivable, Related Parties, Current $ 0 $ 18
v3.22.2.2
Related Party Transactions (Effects of Related-party Transactions on the Statement of Income) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Union Electric Company | Ameren Missouri Power Supply Agreements with Ameren Illinois        
Related Party Transaction [Line Items]        
Operating Revenues $ 2 $ 5 $ 7 $ 10
Union Electric Company | Ameren Missouri and Ameren Illinois Rent and Facility Services        
Related Party Transaction [Line Items]        
Operating Revenues 6 6 18 20
Operating Expenses 1 1 1 1
Union Electric Company | Ameren Missouri and Ameren Illinois Miscellaneous Support Services        
Related Party Transaction [Line Items]        
Operating Revenues 1 1 1 1
Union Electric Company | Total Related Party Operating Revenues        
Related Party Transaction [Line Items]        
Operating Revenues 8 11 25 30
Union Electric Company | Ameren Missouri and Ameren Illinois Transmission Services from ATXI        
Related Party Transaction [Line Items]        
Operating Expenses 1 1 1 3
Union Electric Company | Purchased Power        
Related Party Transaction [Line Items]        
Operating Expenses 1 1 1 3
Union Electric Company | Ameren Services Support Services Agreement        
Related Party Transaction [Line Items]        
Operating Expenses 38 41 109 110
Union Electric Company | Total Related Party Other Operations and Maintenance        
Related Party Transaction [Line Items]        
Operating Expenses 38 41 109 110
Union Electric Company | Money pool borrowings (advances)        
Related Party Transaction [Line Items]        
Interest Charges (Income) 1 1 1 1
Ameren Illinois Company | Ameren Missouri and Ameren Illinois Rent and Facility Services        
Related Party Transaction [Line Items]        
Operating Revenues 1 1 1 1
Operating Expenses 1 1 2 3
Ameren Illinois Company | Ameren Missouri and Ameren Illinois Miscellaneous Support Services        
Related Party Transaction [Line Items]        
Operating Revenues 1 3 1 5
Ameren Illinois Company | Total Related Party Operating Revenues        
Related Party Transaction [Line Items]        
Operating Revenues 1 3 1 5
Ameren Illinois Company | Ameren Illinois Power Supply Agreements with Ameren Missouri        
Related Party Transaction [Line Items]        
Operating Expenses 2 5 7 10
Ameren Illinois Company | Ameren Missouri and Ameren Illinois Transmission Services from ATXI        
Related Party Transaction [Line Items]        
Operating Expenses 1 1 1 1
Ameren Illinois Company | Purchased Power        
Related Party Transaction [Line Items]        
Operating Expenses 2 5 7 11
Ameren Illinois Company | Ameren Services Support Services Agreement        
Related Party Transaction [Line Items]        
Operating Expenses 36 37 103 101
Ameren Illinois Company | Total Related Party Other Operations and Maintenance        
Related Party Transaction [Line Items]        
Operating Expenses 37 38 105 104
Ameren Illinois Company | Money pool borrowings (advances)        
Related Party Transaction [Line Items]        
Interest Charges (Income) $ 1 $ 1 $ 1 $ 1
v3.22.2.2
Commitments And Contingencies (Environmental Matters) (Detail)
$ in Millions
9 Months Ended
Sep. 30, 2022
USD ($)
energyCenter
scrubber
site
Dec. 31, 2021
USD ($)
Loss Contingencies [Line Items]    
Asset Retirement Obligation $ 778 $ 764
Minimum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations 125  
Maximum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations $ 175  
Union Electric Company    
Loss Contingencies [Line Items]    
Number of Energy Center Scrubbers | scrubber 2  
Number of Energy Centers Constructing Wastewater Treatment Facilities | energyCenter 3  
Number of energy centers | energyCenter 4  
Number of Days to Comply after Final EPA Determination 135 days  
Asset Retirement Obligation $ 774 760
Number of Ameren Missouri Natural Gas Energy Centers Subject To IETL | energyCenter 4  
Union Electric Company | Coal Fired Electric Generation Equipment    
Loss Contingencies [Line Items]    
Plant To Be Abandoned, Net $ 600  
Union Electric Company | Minimum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations 125  
Union Electric Company | Maximum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations 175  
Ameren Illinois Company    
Loss Contingencies [Line Items]    
Asset Retirement Obligation 4 $ 4
Coal Combustion Residuals Estimate | Union Electric Company | Minimum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations 60  
Coal Combustion Residuals Estimate | Union Electric Company | Maximum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations 80  
Manufactured Gas Plant    
Loss Contingencies [Line Items]    
Accrual for environmental loss contingencies $ 71  
Manufactured Gas Plant | Ameren Illinois Company    
Loss Contingencies [Line Items]    
Number of remediation sites | site 44  
Accrual for environmental loss contingencies $ 71  
Manufactured Gas Plant | Ameren Illinois Company | Minimum    
Loss Contingencies [Line Items]    
Estimate of possible loss 71  
Manufactured Gas Plant | Ameren Illinois Company | Maximum    
Loss Contingencies [Line Items]    
Estimate of possible loss 145  
Rush Island Energy Center | Union Electric Company    
Loss Contingencies [Line Items]    
Rate Base 500  
New CCR Rules Estimate    
Loss Contingencies [Line Items]    
Asset Retirement Obligation 49  
New CCR Rules Estimate | Union Electric Company    
Loss Contingencies [Line Items]    
Asset Retirement Obligation $ 49  
v3.22.2.2
Callaway Energy Center (Insurance Disclosure) (Details)
$ in Millions
9 Months Ended
Sep. 30, 2022
USD ($)
yr
Nuclear Waste Matters [Line Items]  
Decommissioning Cost $ 7.0
Frequency of Decommissioning Cost Study 3 years
Proceeds from Insurance Settlement, Investing Activities $ 22.0
Number Of Years The Limit Of Liability And The Maximum Potential Annual Payments Are Adjusted 5 years
Number Of Weeks Of Coverage After The First Twelve Weeks Of An Outage | yr 1
Number Of Additional Weeks After Initial Indemnity Coverage For Power Outage | yr 1.365
Public Liability And Nuclear Worker Liability - American Nuclear Insurers  
Nuclear Waste Matters [Line Items]  
Insurance Aggregate Maximum Coverage $ 450.0
Insurance Maximum Coverage per Incident 0.0
Public Liability And Nuclear Worker Liability - Pool Participation  
Nuclear Waste Matters [Line Items]  
Insurance Aggregate Maximum Coverage 13,210.0
Insurance Maximum Coverage per Incident 138.0
Threshold Amount For Retrospective Insurance Assessment For Covered Loss Under Public Liability And Nuclear Worker Liability Insurance Policy 450.0
Maximum Annual Payment Per Incident At Licensed Commercial Nuclear Reactor 21.0
Public Liability  
Nuclear Waste Matters [Line Items]  
Insurance Aggregate Maximum Coverage 13,660.0
Insurance Maximum Coverage per Incident 138.0
Property Damage - Nuclear Electric Insurance Ltd  
Nuclear Waste Matters [Line Items]  
Insurance Aggregate Maximum Coverage 3,200.0
Insurance Maximum Coverage per Incident 26.0
Accidental Outage - Nuclear Electric Insurance Ltd  
Nuclear Waste Matters [Line Items]  
Insurance Aggregate Maximum Coverage 490.0
Insurance Maximum Coverage per Incident 7.0
Amount Of Weekly Indemnity Coverage Commencing Twelve Weeks After Power Outage 4.5
Amount Of Additional Weekly Indemnity Coverage Commencing After Initial Indemnity Coverage 3.6
Amount Of Weekly Indemnity Coverage Thereafter Not Exceeding Policy Limit 490.0
Sub-Limit Of Amount Of Weekly Indemnity Coverage Thereafter Not Exceeding Policy Limit For Non-Nuclear Events 328.0
Radiation Event  
Nuclear Waste Matters [Line Items]  
Insurance Aggregate Maximum Coverage 2,700.0
Aggregate Nuclear Power Industry Insurance Policy Limit For Losses From Terrorist Attacks Within Twelve Month Period 3,200.0
Non-Radiation Event  
Nuclear Waste Matters [Line Items]  
Insurance Aggregate Maximum Coverage 2,300.0
Aggregate Nuclear Power Industry Insurance Policy Limit For Losses From Terrorist Attacks Within Twelve Month Period 1,800.0
Property Damage European Mutual Association for Nuclear Insurance  
Nuclear Waste Matters [Line Items]  
Insurance Aggregate Maximum Coverage $ 490.0
v3.22.2.2
Retirement Benefits (Components Of Net Periodic Benefit Cost) (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Total non-service cost components $ (45) $ (34) $ (138) $ (102)
Pension Plan        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Service Cost 31 33 95 100
Interest cost 42 38 123 114
Expected return on plan assets (80) (74) (240) (223)
Prior service benefit 0 0 0 0
Actuarial loss (gain) 7 18 19 55
Total non-service cost components (31) (18) (98) (54)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total 0 15 (3) 46
Other Postretirement Benefit Plan, Defined Benefit        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Service Cost 5 5 15 17
Interest cost 8 9 25 25
Expected return on plan assets (21) (20) (64) (60)
Prior service benefit (1) (1) (3) (3)
Actuarial loss (gain) (5) (1) (14) (4)
Total non-service cost components (19) (13) (56) (42)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total $ (14) $ (8) $ (41) $ (25)
v3.22.2.2
Retirement Benefits (Summary of Benefit Plan Costs Incurred) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Pension Plan        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost $ 0 $ 15 $ (3) $ 46
Pension Plan | Union Electric Company        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost 0 7 (2) 22
Pension Plan | Ameren Illinois Company        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost 1 8 2 25
Pension Plan | Other Affiliated Entities And Intercompany Eliminations        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost (1) 0 (3) (1)
Other Postretirement Benefit Plan, Defined Benefit        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost (14) (8) (41) (25)
Other Postretirement Benefit Plan, Defined Benefit | Union Electric Company        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost (3) (1) (10) (3)
Other Postretirement Benefit Plan, Defined Benefit | Ameren Illinois Company        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost (11) (8) (31) (23)
Other Postretirement Benefit Plan, Defined Benefit | Other Affiliated Entities And Intercompany Eliminations        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost $ 0 $ 1 $ 0 $ 1
v3.22.2.2
Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Aug. 16, 2022
Income Taxes [Line Items]          
Federal statutory corporate income tax rate 21.00% 21.00% 21.00% 21.00%  
Increases (decreases) from:          
Amortization of deferred investment tax credit 0.00% (1.00%) 0.00% 0.00%  
Amortization of excess deferred taxes (8.00%) (8.00%) (8.00%) (9.00%)  
Depreciation differences 0.00% 0.00%      
Renewable and other tax credits (4.00%) (2.00%) (4.00%) (3.00%)  
State tax 4.00% 4.00% 5.00% 5.00%  
Stock-based compensation 1.00% 0.00% 0.00% (1.00%)  
Cash surrender value of COLI 1.00% 0.00%      
Effective income tax rate 15.00% 14.00% 14.00% 13.00%  
Production and Investment Tax Credit Adder         10.00%
Greenhouse Emissions Reduction Target, Inflation Reduction Act         75.00%
Tax Credit Transferability, Inflation Reduction Act, Percent         100.00%
Minimum Tax on Book Income, Percent         15.00%
Minimum Adjusted Financial Statement Income Subject to Inflation Reduction Act Tax         $ 1,000
Union Electric Company          
Income Taxes [Line Items]          
Federal statutory corporate income tax rate 21.00% 21.00% 21.00% 21.00%  
Increases (decreases) from:          
Amortization of deferred investment tax credit (1.00%) (1.00%) (1.00%) 0.00%  
Amortization of excess deferred taxes (15.00%) (17.00%) (15.00%) (17.00%)  
Depreciation differences 0.00% 0.00%      
Renewable and other tax credits (10.00%) (8.00%) (10.00%) (8.00%)  
State tax 3.00% 4.00% 3.00% 3.00%  
Stock-based compensation 0.00% 0.00% 0.00% 0.00%  
Cash surrender value of COLI 0.00% 0.00%      
Effective income tax rate (2.00%) (1.00%) (2.00%) (1.00%)  
Ameren Illinois Company          
Income Taxes [Line Items]          
Federal statutory corporate income tax rate 21.00% 21.00% 21.00% 21.00%  
Increases (decreases) from:          
Amortization of deferred investment tax credit 0.00% 0.00% 0.00% 0.00%  
Amortization of excess deferred taxes (2.00%) (2.00%) (2.00%) (3.00%)  
Depreciation differences 0.00% (1.00%)      
Renewable and other tax credits 0.00% 0.00% 0.00% 0.00%  
State tax 7.00% 7.00% 7.00% 7.00%  
Stock-based compensation 0.00% 0.00% 0.00% 0.00%  
Cash surrender value of COLI 0.00% 0.00%      
Effective income tax rate 26.00% 25.00% 26.00% 25.00%  
v3.22.2.2
Supplemental Information (Cash and Cash Equivalents) (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Dec. 31, 2020
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items]        
Cash and cash equivalents $ 7 $ 8    
Restricted cash included in “Other current assets” 7 16    
Restricted cash included in “Other assets” 162 127    
Restricted cash included in “Nuclear decommissioning trust fund” 4 4    
Total cash, cash equivalents, and restricted cash 180 155 $ 145 $ 301
Union Electric Company        
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items]        
Cash and cash equivalents 0 0    
Restricted cash included in “Other current assets” 3 4    
Restricted cash included in “Other assets” 0 0    
Restricted cash included in “Nuclear decommissioning trust fund” 4 4    
Total cash, cash equivalents, and restricted cash 7 8 11 145
Ameren Illinois Company        
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items]        
Cash and cash equivalents 0 0    
Restricted cash included in “Other current assets” 4 6    
Restricted cash included in “Other assets” 162 127    
Restricted cash included in “Nuclear decommissioning trust fund” 0 0    
Total cash, cash equivalents, and restricted cash $ 166 $ 133 $ 122 $ 147
v3.22.2.2
Supplemental Information (Allowance for Doubtful Accounts) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Allowance for Doubtful Accounts Receivable [Roll Forward]          
Beginning of period $ 30 $ 42 $ 29 $ 50  
Bad debt expense 15 7 26 8  
Net write-offs (14) (13) (24) (22)  
End of period 31 $ 36 31 $ 36  
Payables for purchased receivables $ 32   $ 32   $ 27
Percentage of accounts receivable balances that are 30 days past due or are part of a deferred payment arrangement 17.00% 18.00% 17.00% 18.00%  
Accounts receivable balances that are 30 days or more past due or part of a deferred payment arrangement $ 117 $ 97 $ 117 $ 97  
Union Electric Company          
Allowance for Doubtful Accounts Receivable [Roll Forward]          
Beginning of period 12 16 13 16  
Bad debt expense 3 2 6 5  
Net write-offs (3) (4) (7) (7)  
End of period $ 12 $ 14 $ 12 $ 14  
Percentage of accounts receivable balances that are 30 days past due or are part of a deferred payment arrangement 12.00% 12.00% 12.00% 12.00%  
Accounts receivable balances that are 30 days or more past due or part of a deferred payment arrangement $ 39 $ 33 $ 39 $ 33  
Ameren Illinois Company          
Allowance for Doubtful Accounts Receivable [Roll Forward]          
Beginning of period 18 26 16 34  
Bad debt expense 12 5 20 3  
Net write-offs (11) (9) (17) (15)  
End of period 19 $ 22 19 $ 22  
Payables for purchased receivables $ 32   $ 32   $ 27
Percentage of accounts receivable balances that are 30 days past due or are part of a deferred payment arrangement 21.00% 25.00% 21.00% 25.00%  
Accounts receivable balances that are 30 days or more past due or part of a deferred payment arrangement $ 78 $ 64 $ 78 $ 64  
v3.22.2.2
Supplemental Information (Supplemental Cash Flow Information) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Supplemental Cash Flow Information [Line Items]      
Wind generation expenditures $ 98   $ 515
Accrued capital expenditures   $ 367 396
Net realized and unrealized gain/(loss) – nuclear decommissioning trust fund   (262) 85
Issuance of common stock for stock-based compensation      
Supplemental Cash Flow Information [Line Items]      
Stock Issued   31 33
Issuance of common stock under the DRPlus      
Supplemental Cash Flow Information [Line Items]      
Stock Issued   8 0
Union Electric Company      
Supplemental Cash Flow Information [Line Items]      
Wind generation expenditures $ 98   515
Accrued capital expenditures   187 209
Net realized and unrealized gain/(loss) – nuclear decommissioning trust fund   (262) 85
Union Electric Company | Issuance of common stock for stock-based compensation      
Supplemental Cash Flow Information [Line Items]      
Stock Issued   0 0
Union Electric Company | Issuance of common stock under the DRPlus      
Supplemental Cash Flow Information [Line Items]      
Stock Issued   0 0
Ameren Illinois Company      
Supplemental Cash Flow Information [Line Items]      
Accrued capital expenditures   180 182
Net realized and unrealized gain/(loss) – nuclear decommissioning trust fund   0 0
Ameren Illinois Company | Issuance of common stock for stock-based compensation      
Supplemental Cash Flow Information [Line Items]      
Stock Issued   0 0
Ameren Illinois Company | Issuance of common stock under the DRPlus      
Supplemental Cash Flow Information [Line Items]      
Stock Issued   $ 0 $ 0
v3.22.2.2
Supplemental Information (Schedule of Asset Retirement Obligations) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]    
Asset Retirement Obligation, Beginning Balance $ 764  
Liabilities incurred 1  
Liabilities settled (3)  
Accretion 23  
Change in estimates (7)  
Asset Retirement Obligation, Ending Balance 778  
Other current liabilities 584 $ 494
Union Electric Company    
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]    
Asset Retirement Obligation, Beginning Balance 760  
Liabilities incurred 1  
Liabilities settled (3)  
Accretion 23  
Change in estimates (7)  
Asset Retirement Obligation, Ending Balance 774  
Other current liabilities 114 116
Ameren Illinois Company    
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]    
Asset Retirement Obligation, Beginning Balance 4  
Liabilities incurred 0  
Liabilities settled 0  
Accretion 0  
Change in estimates 0  
Asset Retirement Obligation, Ending Balance 4  
Other current liabilities 275 251
Asset Retirement Obligation Balance    
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]    
Other current liabilities 7 7
Asset Retirement Obligation Balance | Union Electric Company    
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]    
Other current liabilities $ 7 $ 7
v3.22.2.2
Supplemental Information (Narrative) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of Shares Available for Grant 8,800,000    
Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount $ 5 $ 5  
Deferred Compensation Liability, Classified, Noncurrent $ 88   $ 91
Q1 2022 Issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period 3 years    
Performance Shares | Q1 2022 Issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares granted (in shares) 267,849    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted in Period, Fair Value $ 25    
Stock Issued During Period Percentage Conversion Of Units, Low End 0.00%    
Stock Issued During Period Percentage Conversion Of Units, High End 200.00%    
Performance Shares | Market performance measures achievement | Q1 2022 Issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares granted (in shares) 229,566    
Performance Shares | Renewable generation and energy storage installation targets | Q1 2022 Issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares granted (in shares) 38,283    
Restricted Stock Units (RSUs) | Q1 2022 Issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares granted (in shares) 122,882    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted in Period, Fair Value $ 11    
v3.22.2.2
Supplemental Information (Schedule Of Excise Taxes) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Accounting Policies [Line Items]        
Excise tax expense $ 83 $ 81 $ 229 $ 213
Union Electric Company        
Accounting Policies [Line Items]        
Excise tax expense 55 54 128 120
Ameren Illinois Company        
Accounting Policies [Line Items]        
Excise tax expense $ 28 $ 27 $ 101 $ 93
v3.22.2.2
Supplemental Information (Earnings Per Share) (Details) - shares
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Earnings Per Share Reconciliation [Abstract]        
Weighted-average Common Shares Outstanding – Basic 258,400,000 257,300,000 258,200,000 255,900,000
Assumed settlement of performance share units and restricted stock units 900,000 1,300,000 1,000,000.0 1,300,000
Dilutive effect of forward sale agreements 200,000 0 100,000 0
Weighted-average Common Shares Outstanding – Diluted 259,500,000 258,600,000 259,300,000 257,200,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) 0 0 0 0
v3.22.2.2
Segment Information (Schedule Of Segment Reporting Information By Segment) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Segment Reporting Information [Line Items]        
Revenues $ 2,306 $ 1,811 $ 5,911 $ 4,849
Net income (loss) attributable to common shareholders 452 425 911 865
Capital expenditures 899 850 2,437 2,613
Wind generation expenditures   98   515
Union Electric Company        
Segment Reporting Information [Line Items]        
Revenues 1,359 1,129 3,096 2,642
Net income (loss) attributable to common shareholders 397 375 547 533
Wind generation expenditures   98   515
Ameren Illinois Company        
Segment Reporting Information [Line Items]        
Revenues 904 645 2,697 2,097
Net income (loss) attributable to common shareholders 103 79 375 314
Capital expenditures 446 380 1,145 1,026
Operating Segments | Union Electric Company        
Segment Reporting Information [Line Items]        
Revenues 1,351 1,118 3,071 2,612
Net income (loss) attributable to common shareholders 397 375 547 533
Capital expenditures 431 466 1,237 1,567
Operating Segments | Ameren Illinois Electric Distribution        
Segment Reporting Information [Line Items]        
Revenues 672 425 1,640 1,222
Net income (loss) attributable to common shareholders 51 36 151 123
Capital expenditures 163 143 444 429
Operating Segments | Ameren Illinois Natural Gas        
Segment Reporting Information [Line Items]        
Revenues 146 127 811 642
Net income (loss) attributable to common shareholders (4) (8) 82 75
Capital expenditures 114 93 232 202
Operating Segments | Ameren Transmission        
Segment Reporting Information [Line Items]        
Revenues 137 141 389 373
Net income (loss) attributable to common shareholders 78 73 199 175
Capital expenditures 187 154 519 426
Operating Segments | Ameren Illinois Company | Ameren Illinois Electric Distribution        
Segment Reporting Information [Line Items]        
Revenues 672 428 1,641 1,227
Net income (loss) attributable to common shareholders 51 36 151 123
Capital expenditures 163 143 444 429
Operating Segments | Ameren Illinois Company | Ameren Illinois Natural Gas        
Segment Reporting Information [Line Items]        
Revenues 146 127 811 642
Net income (loss) attributable to common shareholders (4) (8) 82 75
Capital expenditures 114 93 232 202
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission        
Segment Reporting Information [Line Items]        
Revenues 86 90 245 228
Net income (loss) attributable to common shareholders 56 51 142 116
Capital expenditures 169 144 469 395
Other        
Segment Reporting Information [Line Items]        
Net income (loss) attributable to common shareholders (70) (51) (68) (41)
Capital expenditures 1 2 4 3
Intersegment Eliminations        
Segment Reporting Information [Line Items]        
Intersegment revenues (40) (33) (102) (88)
Capital expenditures 3 (8) 1 (14)
Intersegment Eliminations | Union Electric Company        
Segment Reporting Information [Line Items]        
Intersegment revenues (8) (11) (25) (30)
Intersegment Eliminations | Ameren Illinois Electric Distribution        
Segment Reporting Information [Line Items]        
Intersegment revenues 0 (3) (1) (5)
Intersegment Eliminations | Ameren Illinois Natural Gas        
Segment Reporting Information [Line Items]        
Intersegment revenues 0 0 0 0
Intersegment Eliminations | Ameren Transmission        
Segment Reporting Information [Line Items]        
Intersegment revenues (32) (19) (76) (53)
Intersegment Eliminations | Ameren Illinois Company        
Segment Reporting Information [Line Items]        
Intersegment revenues (31) (18) (75) (49)
Intersegment Eliminations | Ameren Illinois Company | Ameren Illinois Electric Distribution        
Segment Reporting Information [Line Items]        
Intersegment revenues 0 0 0 0
Intersegment Eliminations | Ameren Illinois Company | Ameren Illinois Natural Gas        
Segment Reporting Information [Line Items]        
Intersegment revenues 0 0 0 0
Intersegment Eliminations | Ameren Illinois Company | Ameren Illinois Transmission        
Segment Reporting Information [Line Items]        
Intersegment revenues $ (31) $ (18) $ (75) $ (49)
v3.22.2.2
Segment Information (Disaggregation of Revenue) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Disaggregation of Revenue [Line Items]        
Revenues $ 2,306 $ 1,811 $ 5,911 $ 4,849
Revenues 2,306 1,811 5,911 4,849
Revenues from alternative revenue programs (83) (95) 2 (6)
Other revenues not from contracts with customers (43) 13 (74) 82
Union Electric Company        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs 14 6 8 (9)
Other revenues not from contracts with customers (45) 7 (81) 71
Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs (83) (97) 13 (2)
Other revenues not from contracts with customers 2 6 5 9
Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs (3) (5) (5) 0
Other revenues not from contracts with customers 0 0 2 2
Ameren Transmission        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs (11) 1 (14) 5
Other revenues not from contracts with customers 0 0 0 0
Electric        
Disaggregation of Revenue [Line Items]        
Revenues 2,140 1,668 4,971 4,108
Revenues 2,140 1,668 4,971 4,108
Electric | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 971 795 2,221 1,882
Electric | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 663 555 1,539 1,301
Electric | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 146 124 374 315
Electric | Other        
Disaggregation of Revenue [Line Items]        
Revenues 360 194 837 610
Natural gas        
Disaggregation of Revenue [Line Items]        
Revenues 166 143 940 741
Revenues 166 143 940 741
Natural gas | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 100 84 653 492
Natural gas | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 31 27 188 139
Natural gas | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 6 3 37 22
Natural gas | Other        
Disaggregation of Revenue [Line Items]        
Revenues 29 29 62 88
Ameren Illinois Company        
Disaggregation of Revenue [Line Items]        
Revenues 904 645 2,697 2,097
Revenues 904 645 2,697 2,097
Revenues from alternative revenue programs (96) (99) (4) 2
Other revenues not from contracts with customers 2 6 7 11
Ameren Illinois Company | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 496 333 1,529 1,143
Ameren Illinois Company | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 258 166 723 518
Ameren Illinois Company | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 52 29 178 114
Ameren Illinois Company | Other        
Disaggregation of Revenue [Line Items]        
Revenues 98 117 267 322
Ameren Illinois Company | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs (83) (97) 13 (2)
Other revenues not from contracts with customers 2 6 5 9
Ameren Illinois Company | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs (3) (5) (5) 0
Other revenues not from contracts with customers 0 0 2 2
Ameren Illinois Company | Ameren Illinois Transmission        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs (10) 3 (12) 4
Other revenues not from contracts with customers 0 0 0 0
Ameren Illinois Company | Electric        
Disaggregation of Revenue [Line Items]        
Revenues 758 518 1,886 1,455
Ameren Illinois Company | Natural gas        
Disaggregation of Revenue [Line Items]        
Revenues 146 127 811 642
Operating Segments | Union Electric Company        
Disaggregation of Revenue [Line Items]        
Revenues 1,351 1,118 3,071 2,612
Revenues 1,359 1,129 3,096 2,642
Operating Segments | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues 672 425 1,640 1,222
Revenues 672 428 1,641 1,227
Operating Segments | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 146 127 811 642
Revenues 146 127 811 642
Operating Segments | Ameren Transmission        
Disaggregation of Revenue [Line Items]        
Revenues 137 141 389 373
Revenues 169 160 465 426
Operating Segments | Electric | Union Electric Company        
Disaggregation of Revenue [Line Items]        
Revenues 1,338 1,113 2,966 2,543
Operating Segments | Electric | Union Electric Company | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 564 537 1,267 1,177
Operating Segments | Electric | Union Electric Company | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 430 412 968 899
Operating Segments | Electric | Union Electric Company | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 99 98 229 221
Operating Segments | Electric | Union Electric Company | Other        
Disaggregation of Revenue [Line Items]        
Revenues 245 66 502 246
Operating Segments | Electric | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues 672 428 1,641 1,227
Operating Segments | Electric | Ameren Illinois Electric Distribution | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 407 258 954 705
Operating Segments | Electric | Ameren Illinois Electric Distribution | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 233 143 571 402
Operating Segments | Electric | Ameren Illinois Electric Distribution | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 47 26 145 94
Operating Segments | Electric | Ameren Illinois Electric Distribution | Other        
Disaggregation of Revenue [Line Items]        
Revenues (15) 1 (29) 26
Operating Segments | Electric | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electric | Ameren Illinois Natural Gas | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electric | Ameren Illinois Natural Gas | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electric | Ameren Illinois Natural Gas | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electric | Ameren Illinois Natural Gas | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electric | Ameren Transmission        
Disaggregation of Revenue [Line Items]        
Revenues 169 160 465 426
Operating Segments | Electric | Ameren Transmission | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electric | Ameren Transmission | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electric | Ameren Transmission | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electric | Ameren Transmission | Other        
Disaggregation of Revenue [Line Items]        
Revenues 169 160 465 426
Operating Segments | Natural gas | Union Electric Company        
Disaggregation of Revenue [Line Items]        
Revenues 21 16 130 99
Operating Segments | Natural gas | Union Electric Company | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 11 9 78 54
Operating Segments | Natural gas | Union Electric Company | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 6 4 36 23
Operating Segments | Natural gas | Union Electric Company | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 1 0 4 2
Operating Segments | Natural gas | Union Electric Company | Other        
Disaggregation of Revenue [Line Items]        
Revenues 3 3 12 20
Operating Segments | Natural gas | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Natural gas | Ameren Illinois Electric Distribution | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Natural gas | Ameren Illinois Electric Distribution | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Natural gas | Ameren Illinois Electric Distribution | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Natural gas | Ameren Illinois Electric Distribution | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Natural gas | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 146 127 811 642
Operating Segments | Natural gas | Ameren Illinois Natural Gas | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 89 75 575 438
Operating Segments | Natural gas | Ameren Illinois Natural Gas | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 25 23 152 116
Operating Segments | Natural gas | Ameren Illinois Natural Gas | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 5 3 33 20
Operating Segments | Natural gas | Ameren Illinois Natural Gas | Other        
Disaggregation of Revenue [Line Items]        
Revenues 27 26 51 68
Operating Segments | Natural gas | Ameren Transmission        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Natural gas | Ameren Transmission | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Natural gas | Ameren Transmission | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Natural gas | Ameren Transmission | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Natural gas | Ameren Transmission | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Ameren Illinois Company | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues 672 428 1,641 1,227
Operating Segments | Ameren Illinois Company | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 146 127 811 642
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission        
Disaggregation of Revenue [Line Items]        
Revenues 86 90 245 228
Operating Segments | Ameren Illinois Company | Electric | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues 672 428 1,641 1,227
Operating Segments | Ameren Illinois Company | Electric | Ameren Illinois Electric Distribution | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 407 258 954 705
Operating Segments | Ameren Illinois Company | Electric | Ameren Illinois Electric Distribution | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 233 143 571 402
Operating Segments | Ameren Illinois Company | Electric | Ameren Illinois Electric Distribution | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 47 26 145 94
Operating Segments | Ameren Illinois Company | Electric | Ameren Illinois Electric Distribution | Other        
Disaggregation of Revenue [Line Items]        
Revenues (15) 1 (29) 26
Operating Segments | Ameren Illinois Company | Electric | Ameren Illinois Transmission        
Disaggregation of Revenue [Line Items]        
Revenues 117 108 320 277
Operating Segments | Ameren Illinois Company | Electric | Ameren Illinois Transmission | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Ameren Illinois Company | Electric | Ameren Illinois Transmission | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Ameren Illinois Company | Electric | Ameren Illinois Transmission | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Ameren Illinois Company | Electric | Ameren Illinois Transmission | Other        
Disaggregation of Revenue [Line Items]        
Revenues 117 108 320 277
Operating Segments | Ameren Illinois Company | Natural gas | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 146 127 811 642
Operating Segments | Ameren Illinois Company | Natural gas | Ameren Illinois Natural Gas | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 89 75 575 438
Operating Segments | Ameren Illinois Company | Natural gas | Ameren Illinois Natural Gas | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 25 23 152 116
Operating Segments | Ameren Illinois Company | Natural gas | Ameren Illinois Natural Gas | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 5 3 33 20
Operating Segments | Ameren Illinois Company | Natural gas | Ameren Illinois Natural Gas | Other        
Disaggregation of Revenue [Line Items]        
Revenues 27 26 51 68
Intersegment Eliminations        
Disaggregation of Revenue [Line Items]        
Revenues (40) (33) (102) (88)
Revenues (40) (33) (102) (88)
Intersegment Eliminations | Union Electric Company        
Disaggregation of Revenue [Line Items]        
Revenues (8) (11) (25) (30)
Intersegment Eliminations | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues 0 (3) (1) (5)
Intersegment Eliminations | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Ameren Transmission        
Disaggregation of Revenue [Line Items]        
Revenues (32) (19) (76) (53)
Intersegment Eliminations | Electric        
Disaggregation of Revenue [Line Items]        
Revenues (39) (33) (101) (88)
Intersegment Eliminations | Electric | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Electric | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Electric | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Electric | Other        
Disaggregation of Revenue [Line Items]        
Revenues (39) (33) (101) (88)
Intersegment Eliminations | Natural gas        
Disaggregation of Revenue [Line Items]        
Revenues (1) 0 (1) 0
Intersegment Eliminations | Natural gas | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Natural gas | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Natural gas | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Natural gas | Other        
Disaggregation of Revenue [Line Items]        
Revenues (1) 0 (1) 0
Intersegment Eliminations | Ameren Illinois Company        
Disaggregation of Revenue [Line Items]        
Revenues (31) (18) (75) (49)
Revenues (31) (18) (75) (49)
Intersegment Eliminations | Ameren Illinois Company | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Ameren Illinois Company | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Ameren Illinois Company | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Ameren Illinois Company | Other        
Disaggregation of Revenue [Line Items]        
Revenues (31) (18) (75) (49)
Intersegment Eliminations | Ameren Illinois Company | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Ameren Illinois Company | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Ameren Illinois Company | Ameren Illinois Transmission        
Disaggregation of Revenue [Line Items]        
Revenues $ (31) $ (18) $ (75) $ (49)