UNION ELECTRIC CO, 10-Q filed on 11/4/2021
Quarterly Report
v3.21.2
Cover Page - shares
9 Months Ended
Sep. 30, 2021
Oct. 29, 2021
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2021  
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  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   257,606,191
Entity Central Index Key 0001002910  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2021  
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  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   102,123,834
Entity Central Index Key 0000100826  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2021  
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 Executive Drive  
Entity Address, City or Town Collinsville  
Entity Address, State or Province IL  
Entity Address, Postal Zip Code 62234  
City Area Code (618)  
Local Phone Number 343-8150  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   25,452,373
Entity Central Index Key 0000018654  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2021  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.21.2
Consolidated Statement of Income (Loss) and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenues:        
Total operating revenues $ 1,811 $ 1,628 $ 4,849 $ 4,466
Operating Expenses:        
Fuel 184 141 422 400
Purchased power 159 140 479 383
Natural gas purchased for resale 45 34 275 183
Other operations and maintenance 457 418 1,289 1,240
Depreciation and amortization 290 273 856 799
Taxes other than income taxes 142 128 392 372
Total operating expenses 1,277 1,134 3,713 3,377
Operating Income 534 494 1,136 1,089
Other Income, Net 56 48 151 117
Interest Charges 94 110 290 311
Income Before Income Taxes 496 432 997 895
Income Taxes 70 63 128 134
Net Income 426 369 869 761
Less: Net Income Attributable to Noncontrolling Interests 1 2 4 5
Net Income Attributable to Ameren Common Shareholders 425 367 865 756
Pension and other postretirement benefit plan activity, net of income taxes (benefit) 1 1 1 2
Comprehensive Income 427 370 870 763
Less: Comprehensive Income Attributable to Noncontrolling Interests 1 2 4 5
Comprehensive Income Attributable to Ameren Common Shareholders $ 426 $ 368 $ 866 $ 758
Earnings Per Share, Basic and Diluted [Abstract]        
Earnings per Common Share - Basic (in dollars per share) $ 1.66 $ 1.48 $ 3.38 $ 3.06
Earnings per Common Share - Diluted (in dollars per share) $ 1.65 $ 1.47 $ 3.36 $ 3.04
Weighted Average Common Shares Outstanding - Basic (in shares) 257.3 247.1 255.9 246.8
Weighted Average Number of Shares Outstanding - Diluted (in shares) 258.6 249.2 257.2 248.4
Electricity        
Operating Revenues:        
Total operating revenues $ 1,668 $ 1,489 $ 4,108 $ 3,846
Natural Gas        
Operating Revenues:        
Total operating revenues 143 139 741 620
Union Electric Company        
Operating Revenues:        
Total operating revenues 1,129 1,001 2,642 2,473
Operating Expenses:        
Fuel 184 141 422 400
Purchased power 57 48 195 124
Natural gas purchased for resale 4 5 40 29
Other operations and maintenance 240 221 683 662
Depreciation and amortization 161 154 474 448
Taxes other than income taxes 104 92 266 254
Total operating expenses 750 661 2,080 1,917
Operating Income 379 340 562 556
Other Income, Net 27 26 74 55
Interest Charges 32 50 107 140
Income Before Income Taxes 374 316 529 471
Income Taxes (2) 18 (7) 29
Net Income 376 298 536 442
Preferred Stock Dividends 1 1 3 3
Net Income (Loss) Attributable to Parent 375 297 533 439
Union Electric Company | Electricity        
Operating Revenues:        
Total operating revenues 1,113 984 2,543 2,386
Union Electric Company | Natural Gas        
Operating Revenues:        
Total operating revenues 16 17 99 87
Ameren Illinois Company        
Operating Revenues:        
Total operating revenues 645 589 2,097 1,879
Operating Expenses:        
Purchased power 108 97 298 271
Natural gas purchased for resale 41 29 235 154
Other operations and maintenance 217 197 604 578
Depreciation and amortization 118 109 350 323
Taxes other than income taxes 34 33 114 107
Total operating expenses 518 465 1,601 1,433
Operating Income 127 124 496 446
Other Income, Net 19 17 49 45
Interest Charges 41 39 123 116
Income Before Income Taxes 105 102 422 375
Income Taxes 26 25 107 93
Net Income 79 77 315 282
Preferred Stock Dividends 0 0 1 2
Net Income (Loss) Attributable to Parent 79 77 314 280
Ameren Illinois Company | Electricity        
Operating Revenues:        
Total operating revenues 518 467 1,455 1,346
Ameren Illinois Company | Natural Gas        
Operating Revenues:        
Total operating revenues $ 127 $ 122 $ 642 $ 533
v3.21.2
Consolidated Statement of Income (Loss) and Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Pension and other postretirement benefit plan activity, tax $ 0 $ 0 $ 0 $ 0
v3.21.2
Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 7 $ 139
Accounts receivable - trade (less allowance for doubtful accounts) 515 415
Unbilled revenue 332 269
Miscellaneous accounts receivable 111 65
Inventories 595 521
Current regulatory assets 359 109
Other current assets 285 135
Total current assets 2,204 1,653
Property, Plant, and Equipment, Net 28,559 26,807
Investments and Other Assets:    
Nuclear decommissioning trust fund 1,076 982
Goodwill 411 411
Regulatory assets 1,235 1,100
Other assets 1,180 1,077
Total investments and other assets 3,902 3,570
TOTAL ASSETS 34,665 32,030
Current Liabilities:    
Current maturities of long-term debt 57 8
Short-term debt 553 490
Accounts and wages payable 811 958
Taxes accrued 231 82
Interest accrued 103 114
Current regulatory liabilities 138 121
Other current liabilities 464 407
Total current liabilities 2,357 2,180
Long-term Debt, Net 12,444 11,078
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes and tax credits, net 3,465 3,211
Regulatory liabilities 5,425 5,282
Asset retirement obligations 705 696
Pension and other postretirement benefits 39 37
Other deferred credits and liabilities 416 466
Total deferred credits and other liabilities 10,050 9,692
Commitments and Contingencies
Shareholders’ Equity:    
Common Stock 3 3
Other paid-in capital, principally premium on common stock 6,483 6,179
Retained earnings 3,199 2,757
Accumulated other comprehensive loss 0 (1)
Total shareholders’ equity 9,685 8,938
Noncontrolling Interests 129 142
Total equity 9,814 9,080
TOTAL LIABILITIES AND EQUITY 34,665 32,030
Union Electric Company    
Current Assets:    
Cash and cash equivalents 0 136
Advances to money pool 24 139
Accounts receivable - trade (less allowance for doubtful accounts) 266 166
Accounts receivable – affiliates 51 57
Unbilled revenue 208 133
Miscellaneous accounts receivable 93 36
Inventories 406 386
Current regulatory assets 172 60
Other current assets 170 79
Total current assets 1,390 1,192
Property, Plant, and Equipment, Net 14,934 13,879
Investments and Other Assets:    
Nuclear decommissioning trust fund 1,076 982
Regulatory assets 483 347
Other assets 385 383
Total investments and other assets 1,944 1,712
TOTAL ASSETS 18,268 16,783
Current Liabilities:    
Current maturities of long-term debt 8 8
Accounts and wages payable 380 501
Accounts payable – affiliates 47 46
Taxes accrued 206 42
Interest accrued 62 53
Mark-to-market derivative liabilities 75 10
Current asset retirement obligations 59 60
Current regulatory liabilities 56 26
Other current liabilities 111 87
Total current liabilities 1,004 833
Long-term Debt, Net 5,618 5,096
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes and tax credits, net 1,822 1,742
Regulatory liabilities 3,114 3,110
Asset retirement obligations 700 691
Pension and other postretirement benefits 30 35
Other deferred credits and liabilities 54 66
Total deferred credits and other liabilities 5,720 5,644
Commitments and Contingencies
Shareholders’ Equity:    
Common Stock 511 511
Other paid-in capital, principally premium on common stock 2,701 2,518
Preferred stock 80 80
Retained earnings 2,634 2,101
Total shareholders’ equity 5,926 5,210
TOTAL LIABILITIES AND EQUITY 18,268 16,783
Ameren Illinois Company    
Current Assets:    
Cash and cash equivalents 0 0
Advances to money pool 41 0
Accounts receivable - trade (less allowance for doubtful accounts) 237 234
Accounts receivable – affiliates 94 64
Unbilled revenue 124 136
Miscellaneous accounts receivable 8 12
Inventories 189 135
Mark-to-market derivative assets 56 8
Current regulatory assets 183 37
Other current assets 28 21
Total current assets 960 647
Property, Plant, and Equipment, Net 11,891 11,201
Investments and Other Assets:    
Goodwill 411 411
Regulatory assets 730 742
Other assets 599 534
Total investments and other assets 1,740 1,687
TOTAL ASSETS 14,591 13,535
Current Liabilities:    
Borrowings from money pool 0 19
Accounts and wages payable 340 363
Accounts payable – affiliates 59 51
Customer deposits 57 74
Current environmental remediation 39 37
Current regulatory liabilities 81 88
Other current liabilities 170 184
Total current liabilities 746 816
Long-term Debt, Net 4,391 3,946
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes and tax credits, net 1,520 1,367
Regulatory liabilities 2,193 2,063
Pension and other postretirement benefits 60 69
Environmental remediation 41 57
Other deferred credits and liabilities 228 251
Total deferred credits and other liabilities 4,042 3,807
Commitments and Contingencies
Shareholders’ Equity:    
Common Stock 0 0
Other paid-in capital, principally premium on common stock 2,797 2,652
Preferred stock 49 62
Retained earnings 2,566 2,252
Total shareholders’ equity 5,412 4,966
TOTAL LIABILITIES AND EQUITY $ 14,591 $ 13,535
v3.21.2
Consolidated Balance Sheet (Parenthetical) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss, Current $ 36 $ 50
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 257,600,000 253,300,000
Union Electric Company    
Accounts Receivable, Allowance for Credit Loss, Current $ 14 $ 16
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 $ 22 $ 34
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
v3.21.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities:    
Net income $ 869 $ 761
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 903 802
Amortization of nuclear fuel 37 68
Amortization of debt issuance costs and premium/discounts 17 16
Deferred income taxes and investment tax credits, net 139 125
Allowance for equity funds used during construction (30) (25)
Stock-based compensation costs 17 16
Other 11 14
Changes in assets and liabilities:    
Receivables (212) (113)
Inventories (73) (61)
Accounts and wages payable (143) (190)
Taxes accrued 148 154
Regulatory assets and liabilities (340) (55)
Assets, other (118) (66)
Liabilities, other (27) (76)
Pension and other postretirement benefits (6) (41)
Net cash provided by operating activities 1,192 1,329
Cash Flows From Investing Activities:    
Capital expenditures (2,098) (1,884)
Wind generation expenditures (515) 0
Nuclear fuel expenditures (19) (61)
Purchases of securities – nuclear decommissioning trust fund (411) (169)
Sales and maturities of securities – nuclear decommissioning trust fund 404 135
Other (7) (2)
Net cash used in investing activities (2,646) (1,981)
Cash Flows From Financing Activities:    
Dividends on common stock (423) (367)
Dividends paid to noncontrolling interest holders (4) (5)
Short-term debt, net 63 (168)
Maturities of long-term debt 0 (85)
Issuances of long-term debt 1,423 1,263
Issuances of common stock 297 37
Redemptions of Ameren Illinois preferred stock (13) 0
Employee payroll taxes related to stock-based compensation (17) (20)
Debt issuance costs (15) (11)
Other (13) 0
Net cash provided by financing activities 1,298 644
Net change in cash, cash equivalents, and restricted cash (156) (8)
Cash, cash equivalents, and restricted cash at beginning of year 301 176
Cash, cash equivalents, and restricted cash at end of period 145 168
Union Electric Company    
Cash Flows From Operating Activities:    
Net income 536 442
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 522 452
Amortization of nuclear fuel 37 68
Amortization of debt issuance costs and premium/discounts 5 4
Deferred income taxes and investment tax credits, net (7) (1)
Allowance for equity funds used during construction (17) (15)
Other 8 13
Changes in assets and liabilities:    
Receivables (216) (93)
Inventories (19) (33)
Accounts and wages payable (145) (168)
Taxes accrued 146 158
Regulatory assets and liabilities (164) (56)
Assets, other (40) (10)
Liabilities, other (7) (46)
Pension and other postretirement benefits 6 (6)
Net cash provided by operating activities 645 709
Cash Flows From Investing Activities:    
Capital expenditures (1,052) (778)
Wind generation expenditures (515) 0
Nuclear fuel expenditures (19) (61)
Purchases of securities – nuclear decommissioning trust fund (411) (169)
Sales and maturities of securities – nuclear decommissioning trust fund 404 135
Payments for Advance to Affiliate   (5)
Proceeds from Collection of Advance to Affiliate 115  
Other 0 1
Net cash used in investing activities (1,478) (877)
Cash Flows From Financing Activities:    
Dividends on preferred stock (3) (3)
Short-term debt, net 0 (234)
Maturities of long-term debt 0 (85)
Issuances of long-term debt 524 465
Capital contributions from parent 183 0
Debt issuance costs (5) (4)
Net cash provided by financing activities 699 139
Net change in cash, cash equivalents, and restricted cash (134) (29)
Cash, cash equivalents, and restricted cash at beginning of year 145 39
Cash, cash equivalents, and restricted cash at end of period 11 10
Ameren Illinois Company    
Cash Flows From Operating Activities:    
Net income 315 282
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 349 322
Amortization of debt issuance costs and premium/discounts 10 9
Deferred income taxes and investment tax credits, net 134 72
Allowance for equity funds used during construction (13) (10)
Other 8 10
Changes in assets and liabilities:    
Receivables 8 (9)
Inventories (54) (28)
Accounts and wages payable 12 (12)
Taxes accrued (21) (20)
Regulatory assets and liabilities (167) 11
Assets, other (59) (52)
Liabilities, other 1 (30)
Pension and other postretirement benefits (16) (30)
Net cash provided by operating activities 507 515
Cash Flows From Investing Activities:    
Capital expenditures (1,026) (1,031)
Payments for Advance to Affiliate (41) 0
Other (7) 1
Net cash used in investing activities (1,074) (1,030)
Cash Flows From Financing Activities:    
Dividends on preferred stock (1) (2)
Short-term debt, net 0 189
Money pool borrowings, net (19) 0
Issuances of long-term debt 449 0
Capital contributions from parent 145 350
Redemption of preferred stock (13) 0
Debt issuance costs (6) 0
Other (13) 0
Net cash provided by financing activities 542 537
Net change in cash, cash equivalents, and restricted cash (25) 22
Cash, cash equivalents, and restricted cash at beginning of year 147 125
Cash, cash equivalents, and restricted cash at end of period $ 122 $ 147
v3.21.2
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 (Loss)
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, 2019     $ 5,694 $ 2,380 $ (17)     $ 142     $ 2,027   $ 1,731     $ 2,188 $ 62 $ 1,882
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     2                              
Capital contributions from parent                 $ 0   0     $ 350   350    
Net income $ 761               442       442 282       282
Net income attributable to Ameren common shareholders 756     756                            
Dividends on common stock       (367)                            
Preferred stock dividends                         (3)         (2)
Change in deferred retirement benefit costs 2       2                          
Net income attributable to noncontrolling interest holders $ (5)             5                    
Dividends paid to noncontrolling interest holders               (5)                    
Redemptions of preferred stock               0                 0  
Common stock shares outstanding at beginning of year (in shares) at Dec. 31, 2019 246,200,000                                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Shares issued under forward sale agreement (in shares) 0                                  
Shares issued under the DRPlus and 401(k) plan (in shares) 0                                  
Shares issued under the DRPlus and 401(k) plan 500,000                                  
Shares issued for stock-based compensation (in shares) 500,000                                  
Common stock shares outstanding at end of period (in shares) at Sep. 30, 2020 247,200,000                                  
End of period at Sep. 30, 2020 $ 8,631 $ 2 5,733 2,769 (15) $ (15)   142   $ 511 2,027 $ 80 2,170   $ 0 2,538 62 2,162
Shareholders' equity, end of year at Sep. 30, 2020             $ 8,489   4,788         4,762        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Dividends per common share (in dollars per share) $ 1.485                                  
Beginning of period at Jun. 30, 2020     5,716 2,525 (16)     142         1,873     2,538 62 2,085
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     10                              
Stock-based compensation activity     7                              
Capital contributions from parent                     0         0    
Net income $ 369               298       298 77       77
Net income attributable to Ameren common shareholders 367     367                            
Dividends on common stock       (123)                            
Preferred stock dividends                         (1)         0
Change in deferred retirement benefit costs 1       1                          
Net income attributable to noncontrolling interest holders $ (2)             2                    
Dividends paid to noncontrolling interest holders               (2)                    
Redemptions of preferred stock               0                 0  
Common stock shares outstanding at beginning of year (in shares) at Jun. 30, 2020 247,100,000                                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Shares issued under forward sale agreement (in shares) 0                                  
Shares issued under the DRPlus and 401(k) plan (in shares) 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, 2020 247,200,000                                  
End of period at Sep. 30, 2020 $ 8,631 2 5,733 2,769 (15) (15)   142   511 2,027 80 2,170   0 2,538 62 2,162
Shareholders' equity, end of year at Sep. 30, 2020             8,489   4,788         4,762        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Dividends per common share (in dollars per share) $ 0.495                                  
Beginning of period at Dec. 31, 2020 $ 9,080   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               102,100,000         25,500,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Shares issued under forward sale agreement (in shares) 1,600,000                                  
Shares issued under the DRPlus and 401(k) plan (in shares) 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               102,100,000         25,500,000        
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           9,685   $ 5,926         $ 5,412        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Dividends per common share (in dollars per share) $ 1.650                                  
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                                  
Shares issued under the DRPlus and 401(k) plan (in shares) 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               102,100,000         25,500,000        
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           $ 9,685   $ 5,926         $ 5,412        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Dividends per common share (in dollars per share) $ 0.550                                  
v3.21.2
Summary Of Significant Accounting Policies
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
General
Ameren, headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren’s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren’s common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries. Ameren’s principal subsidiaries are listed below. Ameren has other subsidiaries that conduct other activities, such as providing shared services.
Union Electric Company, doing business as Ameren Missouri, operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri.
Ameren Illinois Company, doing business as Ameren Illinois, operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois.
ATXI operates a FERC rate-regulated electric transmission business in the MISO.
The COVID-19 pandemic continues to affect our results of operations, financial position, and liquidity, but we continue to expect gradual improvement in sales volumes in 2021, compared to 2020. In the first nine months of 2021, our sales volumes, excluding the estimated effects of weather and customer energy-efficiency programs, increased compared to the same period in 2020. However, our accounts receivable balances that were past due or that were a part of a deferred payment arrangement are higher than normal historical levels, as customer payments have been affected. The continued effect 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. In general, restrictions on social activities and nonessential businesses implemented in our service territories in 2020 have been relaxed.
We continue to assess the impacts the COVID-19 pandemic is having on our businesses, including but not limited to impacts on our liquidity; demand for residential, commercial, and industrial electric and natural gas services; changes in deferred payment arrangements for customers; the timing and extent to which recovery of incremental costs incurred, net of savings, and forgone customer late fee revenues at Ameren Missouri is allowed by the MoPSC; changes in our ability to disconnect customers for nonpayment; bad debt expense; supply chain operations; the availability of our employees and contractors; counterparty credit; capital construction; infrastructure operations and maintenance; energy-efficiency programs; and pension valuations. In March 2021, the MoPSC approved accounting authority orders that allowed Ameren Missouri to accumulate $9 million of certain costs incurred related to the COVID-19 pandemic, net of savings, as well as forgone customer late fees and reconnection fee revenues from March 2020 to March 2021, for potential recovery in the current electric and natural gas service regulatory rate reviews. While the 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. Regarding uncollectible accounts receivable, Ameren Illinois’ electric distribution and natural gas distribution businesses have bad debt riders, which provide for recovery of bad debt write-offs, net of any subsequent recoveries. Ameren Missouri does not have a bad debt rider or tracker, and thus its earnings are exposed to increases in bad debt expense, absent regulatory relief. However, Ameren Missouri has not experienced and does not expect a material impact to earnings from increases in bad debt expense. As of September 30, 2021, accounts receivable balances that were 30 days or greater past due or that were a part of a deferred payment arrangement represented 18%, 12%, and 25%, or $97 million, $33 million, and $64 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, 2019, these percentages were 13%, 9%, and 18%, or $65 million, $23 million, and $42 million, for Ameren, Ameren Missouri, and Ameren Illinois, respectively. For information regarding Ameren Illinois’ suspension and subsequent reinstatement of customer disconnections and late fee charges for nonpayment and Ameren Missouri’s accounting authority orders related to the COVID-19 pandemic, see Note 2 – Rate and Regulatory Matters below.
Ameren’s financial statements are prepared on a consolidated basis and therefore include the accounts of its majority-owned subsidiaries. All intercompany transactions have been eliminated. Ameren Missouri and Ameren Illinois have no subsidiaries. All tabular dollar amounts are in millions, unless otherwise indicated.
Our accounting policies conform to GAAP. Our financial statements reflect all adjustments (which include normal, recurring adjustments)
that are necessary, in our opinion, for a fair statement of our results. The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions. Such estimates and assumptions affect reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the dates of financial statements, and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates. The results of operations 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, 2021, and December 31, 2020, Ameren had unconsolidated variable interests as a limited partner in various equity method investments, totaling $53 million and $37 million, respectively, included in “Other assets” on Ameren’s consolidated balance sheet. Ameren is not the primary beneficiary of these investments because it does not have the power to direct matters that most significantly affect the activities of these variable interest entities. As of September 30, 2021, the maximum exposure to loss related to these variable interests is limited to the investment in these partnerships of $53 million plus associated outstanding funding commitments of $27 million.
Company-owned Life Insurance
Ameren and Ameren Illinois have company-owned life insurance, which is recorded at the net cash surrender value. The net cash surrender value is the amount that can be realized under the insurance policies at the balance sheet date. As of September 30, 2021, the cash surrender value of company-owned life insurance at Ameren and Ameren Illinois was $273 million (December 31, 2020 – $272 million) and $115 million (December 31, 2020 – $115 million), respectively, while total borrowings against the policies were $109 million (December 31, 2020 – $107 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.
v3.21.2
Rate And Regulatory Matters
9 Months Ended
Sep. 30, 2021
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
2021 Electric Service Regulatory Rate Review
In March 2021, Ameren Missouri filed a request with the MoPSC seeking approval to increase its annual revenues for electric service by $299 million. The electric rate increase request is based on a 9.9% ROE, a capital structure composed of 51.9% common equity, a rate base of $10.0 billion, and a test year ended December 31, 2020, with certain pro-forma adjustments expected through a true-up date of September 30, 2021. Ameren Missouri also requested the continued use of the FAC and trackers for pension and postretirement benefits, uncertain income tax positions, and certain excess deferred income taxes that the MoPSC previously authorized in earlier electric rate orders. Additionally, Ameren Missouri requested to recover certain estimated costs associated with the Meramec Energy Center, which is expected to be retired in 2022, over a five-year period. Ameren Missouri requested the use of a tracker for any variances between certain costs collected in customer rates associated with the Meramec Energy Center and actual recoverable costs incurred after the date new rates become effective, which would be considered for recovery or refund in a future electric regulatory rate review. The electric rate increase request reflects the following:
increased infrastructure investments made under Ameren Missouri’s Smart Energy Plan;
the impact of the transition to a cleaner generation portfolio, including advancing the retirement dates of the Sioux and Rush Island energy centers consistent with Ameren Missouri’s 2020 IRP and 700 MWs of wind generation investment for the High Prairie and Atchison renewable energy centers, which are mitigated by reductions resulting from the request to recover certain Meramec Energy Center costs over a five-year period and the associated tracker;
decreased weather-normalized customer sales volumes; and
increased pension and other post-retirement benefits and tax amortization expenses, partially offset by decreased other operations and maintenance expenses.
In October 2021, the MoPSC staff recommended an increase to Ameren Missouri's annual electric service revenues of $188 million based on a 9.5% ROE, a capital structure composed of 50.32% common equity, which was Ameren Missouri’s June 2021 capital structure, and a rate base of $10.0 billion. Ameren Missouri anticipates that the MoPSC staff will update its recommendation for Ameren Missouri’s September 2021 capital structure. The MoPSC staff supported the authorization of the proposed Meramec Energy Center tracker, but
recommended tracking certain incremental costs. The MoPSC staff’s recommendation includes advancing the retirement dates of the Sioux and Rush Island energy centers consistent with Ameren Missouri’s request, but also includes lower depreciation, primarily on distribution investments, than reflected in Ameren Missouri’s request and a lower estimated headcount, resulting in lower payroll and benefit costs, among other things.
The MoOPC and the MIEC are challenging the prudency of the High Prairie Energy Center investment as a result of the curtailed nighttime operations at the energy center to limit its impact on protected species. In September 2021, the MoOPC challenged approximately 25% of the costs and requested return associated with the High Prairie Energy Center investment included in Ameren Missouri’s requested revenue requirement. Also, in September 2021, the MIEC challenged approximately 20% of the requested return on the High Prairie Energy Center investment included in Ameren Missouri's revenue requirement and, in October 2021, challenged a portion of the return collected in 2021 through the RESRAM. Also, in October 2021, the MIEC proposed further adjustments to lower FAC and RESRAM rates, due to higher fuel costs and lower production tax credits generated as a result of the curtailed operations. See Note 9 – Commitments and Contingencies for additional information on the curtailed nighttime operations at the High Prairie Energy Center.
A decision by the MoPSC is expected by mid-February 2022, with new rates effective by late February 2022. 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.
Atchison Renewable Energy Center
In January 2021, Ameren Missouri acquired a 300-MW wind generation project located in northwestern Missouri. As of June 30, 2021, Ameren Missouri had placed the project in service as the Atchison Renewable Energy Center. The purchase price of the energy center was approximately $500 million, including an immaterial amount of transaction costs. The Atchison Renewable Energy Center will support Ameren Missouri’s compliance with the Missouri renewable energy standard.
2021 Natural Gas Delivery Service Regulatory Rate Review
In March 2021, Ameren Missouri filed a request with the MoPSC seeking approval to increase its annual revenues for natural gas delivery service by $9 million. The natural gas rate increase request is based on a 9.8% ROE, a capital structure composed of 51.9% common equity, a rate base of $310 million, and a test year ended December 31, 2020, with certain pro-forma adjustments expected through a true-up date of September 30, 2021. The request includes the continued use of the PGA, ISRS, and DCA and trackers for pension and other postretirement benefits and certain excess deferred taxes that the MoPSC previously authorized in earlier natural gas rate orders.
In October 2021, the MoPSC staff recommended an increase to Ameren Missouri's annual natural gas delivery service revenues of $4 million based on a 9.5% ROE, a capital structure composed of 50.32% common equity, which was Ameren Missouri’s June 2021 capital structure, and a rate base of $301 million. Ameren Missouri anticipates that the MoPSC staff will update its recommendation for Ameren Missouri’s September 2021 capital structure. The MoPSC staff’s recommendation includes a lower estimated headcount, resulting in lower payroll and benefit costs than reflected in Ameren Missouri’s request, among other things.
A decision by the MoPSC is expected by mid-February 2022, with new rates effective by late February 2022. Ameren Missouri cannot predict the level of any natural gas delivery service rate change the MoPSC may approve, 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.
Accounting Authority Orders Related to COVID-19 Pandemic Costs
In March 2021, the MoPSC issued orders approving nonunanimous stipulation and agreements related to Ameren Missouri’s electric and natural gas service accounting authority order requests. The orders allowed Ameren Missouri to accumulate $9 million of certain costs incurred related to the COVID-19 pandemic, net of cost savings, as well as forgone customer late fee and reconnection fee revenues from March 2020 to March 2021, for potential recovery in the electric and natural gas service regulatory rate reviews discussed above. In March 2021, Ameren Missouri deferred other operations and maintenance expenses of $5 million as a regulatory asset related to the accounting authority orders. If approved for recovery, Ameren Missouri would recognize the remaining $4 million associated with forgone customer late fee and reconnection fee revenue when billed to customers. In the electric and natural gas regulatory rate reviews discussed above, the MoPSC staff supported the recovery of the regulatory asset and forgone customer late fee and reconnection fee revenues.
MEEIA
In September 2021, the MoPSC issued an order approving Ameren Missouri’s energy savings results for the second year of the MEEIA 2019 program. As a result of this order and a MoPSC order issued in August 2020, and in accordance with revenue recognition guidance, Ameren Missouri recognized revenues of $9 million and $6 million in the third quarter of 2021 and 2020, respectively.
In October 2021, the MoPSC issued an order approving Ameren Missouri’s request to implement the 2023 program year of its six-year MEEIA 2019 program. The order established performance incentives that would provide Ameren Missouri an opportunity to earn additional revenues, including $13 million if Ameren Missouri achieves certain energy-efficiency goals during the 2023 program year. Ameren Missouri intends to invest $75 million in energy-efficiency programs during the 2023 program year.
Extension of PGA Recovery
In October 2021, the MoPSC issued an order allowing Ameren Missouri to extend the collection period for the cumulative PGA under-recovery as of August 2021, which includes the February 2021 under-recovery of $53 million, from 12 months to 36 months beginning November 2021, to lessen the impact on customer rates. Similar to other deferrals under the PGA, the deferral associated with the February 2021 under-recovery will earn carrying costs at short-term interest rates.
Illinois
CEJA
The CEJA was enacted in September 2021. The CEJA resulted in changes to the regulatory framework applicable to Ameren Illinois’ electric distribution business by giving Ameren Illinois the option to file an MYRP with the ICC by mid-January 2023, with rates effective beginning in 2024, among other things. Ameren Illinois has the option to file for an MYRP every four years. Subject to stakeholder workshops regarding the MYRP ratemaking process, including establishing performance metrics, Ameren Illinois anticipates filing an MYRP for rates effective beginning in 2024. If it does not file then, its next opportunity to file an MYRP would be for rates effective beginning in 2028. Ameren Illinois expects to continue to use the current IEIMA performance-based formula ratemaking framework to establish annual customer rates effective through 2023 and reconcile the related revenue requirements. In order to utilize the IEIMA reconciliation, Ameren Illinois must file either a traditional regulatory rate review or an MYRP pursuant to the CEJA by mid-January 2023.
Under the MYRP, the ICC would approve base rates for electric distribution service to be charged to customers for each calendar year of a four-year period. The base rates for a particular calendar year would be based on forecasted recoverable costs and an ROE approved by the ICC applied to Ameren Illinois’ forecasted average annual rate base using a forecasted capital structure, with a common equity ratio of up to 50% being deemed prudent and reasonable by law and a higher equity ratio requiring specific ICC approval. The ROE approved by the ICC is applicable to each calendar year of the four-year period. Under a traditional regulatory rate review, the revenue requirement may be based on a future test year and would include an ROE approved by the ICC. Ameren Illinois’ existing riders remain effective whether it elects to file an MYRP or a traditional regulatory rate review. Additionally, electric distribution service revenues would continue to be decoupled from sales volumes under either election.
The MYRP would also allow Ameren Illinois to reconcile electric distribution service rates to its actual revenue requirement on an annual basis, subject to a reconciliation cap, which provides that the actual revenue requirement does not exceed 105% of the annual revenue requirement approved by the ICC. Certain variations from forecasted costs would be excluded from the reconciliation cap, including those associated with major storms; new business and facility relocations; changes in the timing of expenditures or investments into or out of the applicable calendar year; and changes in interest rates, income taxes, taxes other than income taxes, pension and other post-retirement benefits costs, and amortization of certain regulatory assets. The reconciliation cap would also exclude costs recovered through riders outside of base rates, such as riders for electric energy-efficiency investments, power procurement and transmission services, renewable energy credit compliance, zero emission credits, certain environmental costs, and bad debt write-offs, among others. The actual revenue requirement for a particular year would incorporate Ameren Illinois’ year-end rate base and actual capital structure for such year, provided that the common equity ratio in such capital structure may not exceed that approved by the ICC in the MYRP. Additionally, the ROE approved by the ICC in the MYRP would be subject to annual adjustments during the four-year period based on certain performance metrics relating to delivery system reliability, supplier diversity, affordability of customer delivery service cost, customer service performance, timeliness of response to customer requests for interconnection of distributed energy resources, and reductions in peak load due to demand response programs, with aggregate symmetrical performance-based ROE incentives and penalties ranging from 20 to 60 basis points annually. Excluding potential phase-in of the initial rate increase discussed below, if a given year’s revenue requirement varies from the amount collected from customers, an adjustment would be made to electric operating revenues with an offset to a regulatory asset or liability to reflect that year’s actual revenue requirement, independent of actual sales volumes. The regulatory balance would then be collected from, or refunded to, customers within two years from the end of the applicable annual period.
Under an MYRP, the CEJA permits any initial rate increase to be phased in, with at least 50% of the first annual period’s approved rate increase reflected in rates in the first annual period, with the remaining portion deferred as a regulatory asset and collected from customers over a period not to exceed two years beginning within one year after the second annual period’s rates are effective. Ameren Illinois recognizes revenues when amounts are expected to be collected from customers within two years from the end of an applicable year.
The CEJA contains other provisions in addition to the ratemaking impacts discussed above. The law permits Ameren Illinois to invest up to $20 million in each of two solar generation and battery storage pilot projects in Illinois. Additionally, the law increases the existing customer surcharge for renewable energy resources, which funds IPA renewable energy credit procurement events. As a result, Ameren Illinois expects additional annual revenues of approximately $100 million to be collected under the rider for renewable energy credit compliance. It also establishes an Energy Transition Assistance Fund to support economic and workforce development programs designed to assist the state of Illinois with its transition to clean energy sources. The fund will be subsidized through customer surcharges collected by electric utilities operating in the state, including Ameren Illinois, and will be remitted in the month following collection to an Illinois state agency. Ameren Illinois expects to collect up to $50 million annually related to this fund. The CEJA also requires Ameren Illinois to file a multi-year integrated grid plan with the ICC to ensure electric distribution infrastructure investments align with the state of Illinois’ renewable energy, climate, and environmental goals, and to support grid modernization, clean energy, and energy efficiency, while providing electric distribution service to customers at affordable rates, among other things. The first multi-year integrated grid plan is required to be filed by mid-January 2023, with the next filing required by mid-January 2026, and every four years thereafter.
See Note 9 – Commitments and Contingencies for additional information on emission standards established by the CEJA that will limit the operations of Ameren Missouri’s natural gas-fired energy centers located in the state of Illinois.
Electric Distribution Service Rate Reconciliation Tariff
In March 2021, the ICC issued an order approving Ameren Illinois’ requested tariff to reconcile its electric distribution service revenue requirement once Ameren Illinois ceases to update customer rates under performance-based formula ratemaking. The last update under such ratemaking is anticipated to be for 2023 customer rates. The tariff would allow Ameren Illinois to reconcile its revenue requirement for customer rates established for 2022 and 2023. To utilize the reconciliation, Ameren Illinois is required to file a request to update its electric distribution service rates through either a traditional regulatory rate review, which may be based on a future test year and would reflect a proposed ROE subject to ICC approval, or through the filing of an MYRP, which Ameren Illinois expects to file for rates effective beginning in 2024 pursuant to the CEJA as described above. Based on AIC’s anticipated last year setting rates under IEIMA performance-based formula ratemaking, the rate update request would need to be filed by mid-January 2023. Pursuant to the order, Ameren Illinois’ 2022 and 2023 revenues would reflect each year’s actual recoverable costs, year-end rate base, and a return at the applicable WACC, with the ROE component based on the annual average of the monthly yields of the 30-year United States Treasury bonds plus 580 basis points. The revenue requirement reconciliation adjustment would be collected from, or refunded to, customers within two years from the end of the reconciled year.
Electric Distribution Service Rates Under IEIMA
In April 2021, Ameren Illinois filed its annual electric distribution service performance-based formula rate update to be used for 2022 rates with the ICC. In August 2021, Ameren Illinois filed a revised request seeking to increase its annual revenues for electric distribution service by $59 million. This update reflects an increase to the annual performance-based formula rate based on 2020 actual recoverable costs and expected net plant additions for 2021, an increase to include the 2020 revenue requirement reconciliation adjustment including a capital structure composed of 51% common equity, and an increase for the conclusion of the 2019 revenue requirement reconciliation adjustment, which will be fully refunded to customers in 2021, consistent with the ICC’s December 2020 annual update filing order. In August 2021, the ICC staff submitted its calculation of the revenue requirement included in Ameren Illinois’ update filing, recommending an amount comparable to Ameren Illinois’ filing. An ICC decision in this proceeding is required by December 2021, with new rates effective in January 2022.
Electric Customer Energy-Efficiency Investments
In May 2021, Ameren Illinois filed its annual electric customer energy-efficiency formula rate update to be used for 2022 rates with the ICC. In September 2021, Ameren Illinois filed a revised request to increase its rates by $10 million, which is comparable to a calculation submitted by the ICC staff in August 2021. An ICC decision in this proceeding is required by December 2021, with new rates effective in January 2022.
In July 2021, the ICC issued an order approving Ameren Illinois’ energy-efficiency plan that includes annual investments in electric energy-efficiency programs of approximately $100 million per year from 2022 through 2025. Pursuant to the CEJA, the annual investments in electric energy-efficiency programs may increase by approximately $10 million to $40 million, with the increase depending on the election of certain customers to participate in the programs. Those customers have until late January 2022 to decide if they will participate in the four-year programs. The ICC has the ability to reduce the amount of electric energy-efficiency savings goals in future plan 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.
QIP Reconciliation Hearings
In March 2021, the ICC issued an order approving Ameren Illinois’ QIP reconciliation for 2018. The ICC also found that Ameren Illinois’ natural gas capital investments recovered under the QIP during 2018 were accurate and prudent. The ICC order effectively dismissed the Illinois Attorney General’s office challenge with respect to 2018 capital investments.
In March 2020, Ameren Illinois filed a 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 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.
Service Disconnection Moratorium
From March 2020 through March 2021, the ICC limited disconnection activities and late fees for customer nonpayment to varying degrees based on customer class. In March 2021, the ICC issued an order allowing Ameren Illinois to resume disconnection activities for all residential customers through a phased-in approach, which began in April 2021 for customers with the largest past due balances and in June 2021 for all remaining residential customers. The March 2021 order also required Ameren Illinois to offer deferred payment arrangements extending to 18 months to all residential customers through June 2021. In addition, the order requires Ameren Illinois to extend the financial assistance program established by a June 2020 ICC order through 2021. Ameren Illinois is allowed to recover up to $4 million in costs incurred during 2021 related to this financial assistance program. These costs will be deferred as regulatory assets and the portion associated with Ameren Illinois’ electric distribution business will be recovered through its bad debt rider and the portion associated with its natural gas distribution business will be recovered through a special purpose rider.
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. In June 2020, Ameren Missouri, Ameren Illinois, and ATXI filed requests for rehearing arguing, among other things, the revisions should be applied retrospectively to include the period January 1, 2019, to June 1, 2020, and that the FERC should not require refunds for periods prior to 2019. In July 2020, the FERC denied the rehearing requests without addressing the issues raised. In July 2020, Ameren Missouri, Ameren Illinois, and ATXI filed an appeal of the July 2020 rehearing denials to the United States Court of Appeals for the District of Columbia Circuit, which is under no deadline to address the appeal. In October 2020, the FERC issued an order reaffirming its May 2020 order and denying the arguments raised in the rehearing requests filed by Ameren Missouri, Ameren Illinois, and ATXI. Regardless of the outcome of the appeal, the impacts of the May 2020 and October 2020 orders are not expected to be material to Ameren’s, Ameren Missouri’s, or Ameren Illinois’ results of operations, financial position, or liquidity.
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. In April 2021, Ameren Illinois filed a request for rehearing with the FERC regarding its March 2021 order. In May 2021, the FERC denied the rehearing request without addressing the issues raised, and indicated it will address them in a future order. The FERC is under no deadline to issue an order, nor is it required to address the issues raised in the rehearing request. In July 2021, Ameren Illinois filed an appeal of the March 2021 order and the May 2021 rehearing denial to the United States Court of Appeals for the District of Columbia Circuit, which is under no deadline to address the appeal.
FERC Complaint Cases
In November 2013, a customer group filed a complaint case with the FERC seeking a reduction in the allowed base ROE for FERC-regulated transmission rate base under the MISO tariff from 12.38% to 9.15%. In September 2016, the FERC issued an order in the November 2013 complaint case, which lowered the allowed base ROE to 10.32%, or a 10.82% total allowed ROE with the inclusion of a 50
basis point incentive adder for participation in an RTO, that was effective from late September 2016 forward. The September 2016 order also required refunds for the period November 2013 to February 2015, which were paid in 2017. In November 2019, the FERC issued an order addressing the November 2013 complaint case, which set the allowed base ROE at 9.88%, superseding the 10.32% previously ordered, and required refunds, with interest, for the periods November 2013 to February 2015 and from late September 2016 forward. In December 2019, the MISO transmission owners, including Ameren Missouri, Ameren Illinois, and ATXI, filed requests for rehearing with the FERC. In May 2020, the FERC issued an order addressing the requests for rehearing, which set the allowed base ROE at 10.02%, superseding the 9.88% previously ordered, and required refunds, with interest, for the periods November 2013 to February 2015 and from late September 2016 forward. In June 2020, various parties filed requests for rehearing with the FERC, challenging the new ROE methodology established by the May 2020 order. In July 2020, the FERC denied the rehearing requests without addressing the issues raised, and indicated it will address the requests for rehearing in a future order. Also in July 2020, Ameren Missouri, Ameren Illinois, and ATXI filed an appeal of the May 2020 order to the United States Court of Appeals for the District of Columbia Circuit challenging the refunds required for the period from September 2016 to May 2020. The court is under no deadline to address the appeal.
As of September 30, 2021, Ameren and Ameren Illinois had substantially paid the refunds, including interest, associated with the allowed base ROE set by the May 2020 order in the November 2013 complaint case. The increase in the FERC-allowed base ROE resulting from the May 2020 order was not material to Ameren Missouri’s results of operations, financial position, or liquidity.
v3.21.2
Short-Term Debt And Liquidity
9 Months Ended
Sep. 30, 2021
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, 2021, 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 $1.8 billion. The Ameren Companies were in compliance with the covenants in their Credit Agreements as of September 30, 2021. As of September 30, 2021, the ratios of consolidated indebtedness to consolidated total capitalization, calculated in accordance with the provisions of the Credit Agreements, were 57%, 48%, and 45% for Ameren, Ameren Missouri, and Ameren Illinois, respectively.
As of September 30, 2021, and December 31, 2020, Ameren (parent)’s commercial paper outstanding, net of issuance discounts, was $553 million and $490 million, respectively. There were no borrowings outstanding under the Credit Agreements as of September 30, 2021, or December 31, 2020.
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, 2021 and 2020:
Ameren
(parent)
Ameren
Missouri
Ameren
Illinois
Ameren
Consolidated
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 %
2020
Average daily amount outstanding$62 $142 $53 $257 
Weighted-average interest rate2.04 %1.76 %1.10 %1.70 %
Peak amount outstanding during period(a)
$425 $573 $243 $908 
Peak interest rate3.30 %5.05 %
(b)
3.40 %5.05 %
(b)
(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.
(b)Ameren’s and Ameren Missouri’s peak interest rate was affected by temporary disruptions in the commercial paper market in the first quarter of 2020.
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, 2021, was 0.06% and 0.17%, respectively (2020 – 0.10% and 0.81%, 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, 2021 and 2020.
v3.21.2
Long-Term Debt And Equity Financings
9 Months Ended
Sep. 30, 2021
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, 2021, 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 $12 million and $36 million, respectively. In addition, in the first quarter of 2021, Ameren issued 0.5 million shares of common stock valued at $33 million upon the settlement of stock-based compensation awards.
In February 2021, Ameren settled the remainder of a forward sale agreement that was entered into in August 2019, by physically delivering 1.6 million shares of common stock for cash proceeds of $113 million. The proceeds were used to fund a portion of Ameren Missouri’s wind generation investments. See Note 2 – Rate and Regulatory Matters in this report and under Part II, Item 8, in the Form 10-K for additional information about the wind generation investments.
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. For the three and nine months ended September 30, 2021, Ameren issued 0.4 million and 1.8 million shares of common stock, respectively, and received proceeds of $27 million and $148 million, respectively. These proceeds were net of less than $1 million and $2 million in compensation paid to selling agents for the three and nine months ended September 30, 2021, respectively. In September 2021, Ameren entered into a forward sale agreement under the ATM program with a counterparty relating to 0.4 million shares of common stock. The forward sale agreement can be settled at Ameren’s discretion on or prior to May 3, 2023. On a settlement date or dates, if Ameren elects to physically settle the forward sale agreement, Ameren will issue shares of common stock to the counterparty at the then-applicable forward sale price. The forward sale price was initially $87.87 per share. The forward sale agreement will be physically settled unless Ameren elects to settle in cash or to net share settle. At September 30, 2021, Ameren could have settled the forward sale agreement with physical delivery of 0.4 million shares of common stock to the counterparty in exchange for cash of $31 million. The forward sale agreement has been classified as an equity transaction.
In March 2021, Ameren (parent) issued $450 million of 1.75% senior unsecured notes due March 2028, with interest payable semiannually on March 15 and September 15 of each year, beginning September 15, 2021. Ameren received net proceeds of $447 million, which were used for general corporate purposes, including the repayment of short-term debt.
Ameren Missouri
In June 2021, Ameren Missouri issued $525 million of 2.15% first mortgage bonds due March 2032, with interest payable semiannually on March 15 and September 15 of each year, beginning March 15, 2022. Ameren Missouri received net proceeds of $521 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 net proceeds to sustainability projects meeting certain eligibility criteria.
Ameren Missouri received capital contributions totaling $183 million from Ameren (parent) during the nine months ended September 30, 2021.
Ameren Illinois
In March 2021, Ameren Illinois redeemed its 6.625% and 7.75% series preferred stock at par for $12 million and $1 million, respectively. The preferred stock of Ameren Illinois is reflected in “Noncontrolling Interests” on Ameren’s consolidated balance sheet.
In June 2021, Ameren Illinois issued $350 million of 2.90% first mortgage bonds due June 2051, with interest payable semiannually on June 15 and December 15 of each year, beginning December 15, 2021. Ameren Illinois received net proceeds of $345 million, which were used to repay short-term debt. Ameren Illinois intends to allocate an amount equal to the net proceeds to sustainability projects meeting certain eligibility criteria.
In June 2021, Ameren Illinois issued $100 million of 0.375% first mortgage bonds due June 2023, with interest payable semiannually on June 15 and December 15 of each year, beginning December 15, 2021. Ameren Illinois received net proceeds of $100 million, which were used to repay short-term debt.
Ameren Illinois received capital contributions totaling $145 million from Ameren (parent) during the nine months ended September 30, 2021.
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, 2021, the Ameren Companies were in compliance with the provisions and covenants contained in their indentures and articles of incorporation, as applicable, and ATXI was in compliance with the provisions and covenants contained in its note purchase agreement.
Off-balance-sheet Arrangements
At September 30, 2021, none of the Ameren Companies had any significant off-balance-sheet financing arrangements, other than variable interest entities and the September 2021 forward sale agreement relating to common stock. See Note 1 – Summary of Significant Accounting Policies for further detail concerning variable interest entities.
v3.21.2
Other Income and Expenses
9 Months Ended
Sep. 30, 2021
Other Nonoperating Income (Expense) [Abstract]  
OTHER INCOME AND EXPENSES OTHER INCOME, NET
The following table presents the components of “Other Income, Net” in the Ameren Companies’ statements of income for the three and nine months ended September 30, 2021 and 2020:
Three MonthsNine Months
2021202020212020
Ameren:
Allowance for equity funds used during construction
$14 $12 $30 $25 
Interest income on industrial development revenue bonds
7 19 19 
Other interest income
 — 1 
Non-service cost components of net periodic benefit income(a)
34 32 102 85 
Miscellaneous income
3 14 10 
Donations
(1)— (5)(14)
(b)
Miscellaneous expense
(1)(4)(10)(10)
Total Other Income, Net$56 $48 $151 $117 
Ameren Missouri:
Allowance for equity funds used during construction
$7 $$17 $15 
Interest income on industrial development revenue bonds
7 19 19 
Non-service cost components of net periodic benefit income(a)
13 13 41 32 
Miscellaneous income
2 3 
Donations
 — (1)(9)
(b)
Miscellaneous expense
(2)(2)(5)(5)
Total Other Income, Net$27 $26 $74 $55 
Ameren Illinois:
Allowance for equity funds used during construction
$7 $$13 $10 
Interest income
 — 1 
Non-service cost components of net periodic benefit income
13 12 41 36 
Miscellaneous income
 3 
Donations
(1)— (4)(5)
Miscellaneous expense (1)(5)(4)
Total Other Income, Net$19 $17 $49 $45 
(a)For the three and nine months ended September 30, 2021, the non-service cost components of net periodic benefit income were adjusted by amounts deferred of $(3) million and $(6) 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 less than $(1) million for the three and nine months ended September 30, 2020.
(b)Includes $8 million pursuant to Ameren Missouri’s March 2020 electric rate order. See Note 2 Rate and Regulatory Matters under Part II, Item 8, in the Form 10-K for additional information.
v3.21.2
Derivative Financial Instruments
9 Months Ended
Sep. 30, 2021
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, 2021, and December 31, 2020, 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, 2021, and December 31, 2020. As of September 30, 2021, these contracts extended through October 2024, October 2026, May 2032 and March 2023 for fuel oils, natural gas, power and uranium, respectively.
Quantity (in millions)
September 30, 2021December 31, 2020
CommodityAmeren MissouriAmeren IllinoisAmerenAmeren MissouriAmeren IllinoisAmeren
Fuel oils (in gallons)28  28 43 — 43 
Natural gas (in mmbtu)33 136 169 33 114 147 
Power (in MWhs)6 6 12 13 
Uranium (pounds in thousands)400  400 365 — 365 
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, 2021, and December 31, 2020:
September 30, 2021December 31, 2020
Balance Sheet LocationAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
Ameren
Fuel oilsOther current assets$9 $ $9 $$— $
Other assets5  5 — — — 
Natural gasMark-to-market derivative assets(a)55 (a)(a)(a)
Other current assets13  68 — 
Other assets8 20 28 
PowerMark-to-market derivative assets(a)1 (a)(a)— (a)
Other current assets31  32 — 
Other assets1  1 — — — 
UraniumOther assets2  2 — — — 
Total assets$69 $76 $145 $12 $10 $22 
Fuel oilsMark-to-market derivative liabilities$ $(a)$(a)$$(a)$(a)
Other current liabilities   — — 
Other deferred credits and liabilities   — 
Natural gasOther current liabilities 4 4 
Other deferred credits and liabilities 2 2 — 
PowerMark-to-market derivative liabilities75 (a)(a)3 (a)(a)
Other current liabilities 5 80 — 17 20 
Other deferred credits and liabilities22 140 162 181 189 
UraniumOther current liabilities1  1 — — — 
Total liabilities$98 $151 $249 $21 $200 $221 
(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, 2021. If the gross amounts recognized on the balance sheet were netted with derivative instruments and cash collateral received or posted at December 31, 2020, the net amounts would not be materially different from the gross amounts.
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
2021
Assets:
Ameren Missouri$69 $14 $2 $53 
Ameren Illinois76 2 3 71 
Ameren$145 $16 $5 $124 
Liabilities:
Ameren Missouri$98 $14 $57 $27 
Ameren Illinois151 2  149 
Ameren$249 $16 $57 $176 
(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 “Other current assets” and “Other assets” on the balance sheet.
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, 2021, 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 $127 million, $51 million, and $76 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, 2021, 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 $114 million, $39 million, and $75 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. The following table presents, as of September 30, 2021, the aggregate fair value of all derivative instruments with credit risk-related contingent features in a gross liability position, the cash collateral posted, and the aggregate amount of additional collateral that counterparties could require.
Aggregate Fair Value of
Derivative Liabilities(a)
Cash
Collateral Posted
Potential Aggregate Amount of
Additional Collateral Required(b)
Ameren Missouri$45 $$28 
Ameren Illinois— 
Ameren$51 $$32 
(a)Before consideration of master netting arrangements or similar agreements.
(b)As collateral requirements with certain counterparties are based on master netting arrangements or similar agreements, the aggregate amount of additional collateral required to be posted is determined after consideration of the effects of such arrangements.
v3.21.2
Fair Value Measurements
9 Months Ended
Sep. 30, 2021
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, 2021 or 2020. At September 30, 2021, and December 31, 2020, 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, 2021, and December 31, 2020:
September 30, 2021December 31, 2020
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:
Ameren Missouri
Derivative assets – commodity contracts:
Fuel oils$14 $ $ $14 $— $— $$
Natural gas 20 1 21 — — 
Power12  20 32 — 
Uranium  2 2 — — — — 
Total derivative assets – commodity contracts$26 $20 $23 $69 $$$$12 
Nuclear decommissioning trust fund:
Equity securities:
U.S. large capitalization$743 $ $ $743 $680 $— $— $680 
Debt securities:
U.S. Treasury and agency securities 141  141 — 115 — 115 
Corporate bonds 128  128 — 115 — 115 
Other 56  56 — 67 — 67 
Total nuclear decommissioning trust fund$743 $325 $ $1,068 
(a)
$680 $297 $— $977 
(a)
Total Ameren Missouri$769 $345 $23 $1,137 $682 $300 $$989 
September 30, 2021December 31, 2020
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Ameren Illinois
Derivative assets – commodity contracts:
Natural gas$3 $62 $10 $75 $— $$$10 
Power  1 1 — — — — 
Total Ameren Illinois$3 $62 $11 $76 $— $$$10 
Ameren
Derivative assets – commodity contracts(b)
$29 $82 $34 $145 $$$11 $22 
Nuclear decommissioning trust fund(c)
743 325  1,068 
(a)
680 297 — 977 
(a)
Total Ameren$772 $407 $34 $1,213 $682 $306 $11 $999 
Liabilities:
Ameren Missouri
Derivative liabilities – commodity contracts:
Fuel oils$ $ $ $ $$— $$
Natural gas    — — 
Power54  43 97 — 11 
Uranium  1 1 — — — — 
Total Ameren Missouri$54 $ $44 $98 $14 $$$21 
Ameren Illinois
Derivative liabilities – commodity contracts:
Natural gas$ $2 $4 $6 $— $$$
Power  145 145 — — 198 198 
Total Ameren Illinois$ $2 $149 $151 $— $$199 $200 
Ameren
Derivative liabilities – commodity contracts(b)
$54 $2 $193 $249 $14 $$205 $221 
(a)Balance excludes $8 million and $5 million of cash and cash equivalents, receivables, payables, and accrued income, net, for September 30, 2021, and December 31, 2020, respectively.
(b)See the Ameren Missouri and Ameren Illinois sections of the table for a breakout of the fair value of Ameren’s derivative assets and liabilities by type of commodity.
(c)See the Ameren Missouri section of the table for a breakout of the fair value of Ameren's nuclear decommissioning trust fund by investment type.
Level 3 fuel oils, natural gas, and uranium derivative contract assets and liabilities measured at fair value on a recurring basis were immaterial for all periods presented. The following table presents the fair value reconciliation of Level 3 power derivative contract assets and liabilities measured at fair value on a recurring basis for the three and nine months ended September 30, 2021 and 2020:
20212020
Ameren MissouriAmeren IllinoisAmerenAmeren MissouriAmeren IllinoisAmeren
For the three months ended September 30:
Beginning balance at July 1
$(5)$(166)$(171)$16 $(229)$(213)
Realized and unrealized gains/(losses) included in regulatory assets/liabilities(16)19 3 (2)12 10 
Settlements(2)3 1 (4)— 
Ending balance at September 30
$(23)$(144)$(167)$10 $(213)$(203)
Change in unrealized gains/(losses) related to assets/liabilities held at September 30
$(17)$19 $2 $(2)$11 $
For the nine months ended September 30:
Beginning balance at January 1$2 $(198)$(196)$13 $(224)$(211)
Realized and unrealized gains/(losses) included in regulatory assets/liabilities(22)43 21 18 (2)16 
Settlements(3)11 8 (21)13 (8)
Ending balance at September 30
$(23)$(144)$(167)$10 $(213)$(203)
Change in unrealized gains/(losses) related to assets/liabilities held at September 30
$(21)$42 $21 $$(1)$
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, 2021, and December 31, 2020:
Fair Value
Weighted Average(b)
CommodityAssetsLiabilitiesValuation Technique(s)
Unobservable Input(a)
Range
2021
Power(c)
$21$(188)Discounted cash flow
Average forward peak and off-peak pricing  forwards/swaps ($/MWh)
28 – 77
40
Nodal basis ($/MWh)
(4) – 0
(2)
Trend rate (%)
(4) – (2)
(3)
2020
Power(c)
$5$(201)Discounted cash flowAverage forward peak and off-peak pricing – forwards/swaps ($/MWh)
23 – 37
29
Nodal basis ($/MWh)
(6) – 0
(2)
Trend rate (%)
2 – 6
3
(a)Generally, significant increases (decreases) in these inputs in isolation would result in a significantly higher (lower) fair value measurement.
(b)Unobservable inputs were weighted by relative fair value.
(c)Valuations through 2029 use visible forward prices adjusted for nodal-to-hub basis differentials. Valuations beyond 2029 use a trend rate factor and are similarly adjusted for nodal-to-hub basis differentials.
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, 2021, and December 31, 2020:
Carrying
Amount
Fair Value
Level 1Level 2Level 3Total
September 30, 2021
Ameren:
Cash, cash equivalents, and restricted cash$145 $145 $ $ $145 
Investments in industrial development revenue bonds(a)
256  256  256 
Short-term debt553  553  553 
Long-term debt (including current portion)(a)
12,501 
(b)
 13,576 520 
(c)
14,096 
Ameren Missouri:
Cash, cash equivalents, and restricted cash$11 $11 $ $ $11 
Advances to money pool24  24  24 
Investments in industrial development revenue bonds(a)
256  256  256 
Long-term debt (including current portion)(a)
5,626 
(b)
 6,392  6,392 
Ameren Illinois:
Cash, cash equivalents, and restricted cash$122 $122 $ $ $122 
Advances to money pool41  41  41 
Long-term debt (including current portion)4,391 
(b)
 5,019  5,019 
December 31, 2020
Ameren:
Cash, cash equivalents, and restricted cash$301 $301 $— $— $301 
Investments in industrial development revenue bonds(a)
256 — 256 — 256 
Short-term debt490 — 490 — 490 
Long-term debt (including current portion)(a)
11,086 
(b)
— 12,778 537 
(c)
13,315 
Ameren Missouri:
Cash, cash equivalents, and restricted cash$145 $145 $— $— $145 
Advances to money pool139 — 139 — 139 
Investments in industrial development revenue bonds(a)
256 — 256 — 256 
Long-term debt (including current portion)(a)
5,104 
(b)
— 6,160 — 6,160 
Ameren Illinois:
Cash, cash equivalents, and restricted cash$147 $147 $— $— $147 
Borrowings from money pool19 — 19 — 19 
Long-term debt (including current portion)3,946 
(b)
— 4,822 — 4,822 
(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, 2021, and December 31, 2020, 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 $93 million, $39 million, and $40 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of September 30, 2021. Included unamortized debt issuance costs, which were excluded from the fair value measurement, of $84 million, $36 million, and $36 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of December 31, 2020.
(c)The Level 3 fair value amount consists of ATXI’s senior unsecured notes.
v3.21.2
Related Party Transactions
9 Months Ended
Sep. 30, 2021
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. For information on Ameren Missouri’s and Ameren Illinois’ capital contributions, see Note 4 – Long-term Debt and Equity Financings.
Electric Power and Capacity Supply Agreement
In April and September 2021, Ameren Illinois conducted procurement events, administered by the IPA, to purchase energy products and acquire capacity. Ameren Missouri was among the winning suppliers in this event. As a result, in April 2021, Ameren Missouri and Ameren Illinois entered into an energy product agreement by which Ameren Missouri agreed to sell, and Ameren Illinois agreed to purchase, 33,600 MWhs at an average price of $34 per MWh during the period of July 2022 through November 2022. In September 2021, Ameren Missouri contracted to supply a portion of Ameren Illinois’ capacity requirements for $2 million from June 2022 through May 2023. Additionally, in September 2021, Ameren Missouri and Ameren Illinois entered into an energy product agreement by which Ameren Missouri agreed to sell, and Ameren Illinois agreed to purchase, 136,000 MWhs at an average price of $37 per MWh during the period of January 2022 through September 2023.
Tax Allocation Agreement
See Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of the Form 10-K for a discussion of the tax allocation agreement. The following table presents the affiliate balances related to income taxes for Ameren Missouri and Ameren Illinois as of September 30, 2021, and December 31, 2020:
September 30, 2021December 31, 2020
Ameren MissouriAmeren IllinoisAmeren MissouriAmeren Illinois
Income taxes payable to parent(a)
$ $12 $— $
Income taxes receivable from parent(b)
 44 15 
(a)Included in “Accounts payable – affiliates” on the balance sheet.
(b)Included in “Accounts receivable – affiliates” on the balance sheet.
Effects of Related-party Transactions on the Statement of Income
The following table presents the effect on Ameren Missouri and Ameren Illinois of related-party transactions for the three and nine months ended September 30, 2021 and 2020:
Three MonthsNine Months
AgreementIncome Statement
Line Item
Ameren
Missouri
Ameren
Illinois
Ameren
Missouri
Ameren
Illinois
Ameren Missouri power supplyOperating Revenues2021$5 $(a)$10 $(a)
agreements with Ameren Illinois
2020(a)11 (a)
Ameren Missouri and Ameren IllinoisOperating Revenues2021$6 $(b)$20 $(b)
rent and facility services
2020(b)19 
Ameren Missouri and Ameren Illinois miscellaneousOperating Revenues2021$(b)$3 $(b)$5 
support services and services provided to ATXI2020(b)
Total Operating Revenues2021$11 $3 $30 $5 
202011 31 
Ameren Illinois power supplyPurchased Power2021$(a)$5 $(a)$10 
agreements with Ameren Missouri
2020(a)(a)11 
Ameren Missouri and Ameren IllinoisPurchased Power2021$1 $(b)$3 $1 
transmission services from ATXI2020(a)(b)(a)
Total Purchased Power2021$1 $5 $3 $11 
2020(a)(a)12 
Ameren Missouri and Ameren IllinoisOther Operations and Maintenance2021$(b)$1 $(b)$3 
rent and facility services
2020(b)(b)
Three MonthsNine Months
AgreementIncome Statement
Line Item
Ameren
Missouri
Ameren
Illinois
Ameren
Missouri
Ameren
Illinois
Ameren Services support servicesOther Operations and Maintenance2021$41 $37 $110 $101 
agreement
202036 34 103 98 
Total Other Operations and2021$41 $38 $110 $104 
Maintenance202036 35 103 101 
Money pool borrowings (advances)(Interest Charges)/Other Income, Net2021$(b)$(b)$(b)$(b)
2020(b)(b)(b)(b)
(a)Not applicable.
(b)Amount less than $1 million.
v3.21.2
Commitments And Contingencies
9 Months Ended
Sep. 30, 2021
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 and natural gas generation, transmission, distribution and natural gas storage operations must comply with a variety of environmental statutory and regulatory requirements, including permitting programs implemented via federal, state, and local authorities. Such 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. Clean Air Act regulations 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, and may require 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, these capital expenditures 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 our surface impoundments at Ameren Missouri’s coal-fired energy centers. The individual or combined effects of 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.
Ameren and Ameren Missouri estimate that they will need to make capital expenditures of $175 million to $225 million from 2021 through 2025 in order to comply with existing environmental regulations. Additional environmental controls beyond 2025 could be required. This estimate of capital expenditures includes ash pond closure and corrective action measures required by the CCR regulations and the effluent limitation guidelines applicable to steam electric generating units, and potential modifications to cooling water intake structures at existing power plants under Clean Water Act rules, all of which are discussed below. This estimate does not include capital expenditures that may be required as a result of the NSR and Clean Air Act litigation discussed below. In addition to planned retirements of coal-fired energy centers as set forth in the 2020 IRP, 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 to the effluent limitation guidelines and the CCR Rule, which could ultimately result in the revision of all or part of such rules. Additionally, Ameren Missouri’s wind generation facilities may be subject to operating restrictions to limit the impact on protected species. From April 2021 through October 2021, Ameren Missouri's High Prairie Renewable Energy Center curtailed nighttime operations to limit impacts on protected species. Ameren Missouri expects to resume nighttime operations in November 2021 as the critical biological season for the year had ended, but seasonal nighttime curtailment may occur in 2022 as assessment of mitigation technologies to reduce such impacts is ongoing. Ameren Missouri does not anticipate material adverse effects resulting from these operating curtailments. See Note 2 – Rate and Regulatory Matters for information on intervenors’ challenges resulting from the High Prairie Renewable Energy Center’s curtailment in Ameren Missouri’s 2021 electric service regulatory rate review.
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. Additional emission reduction requirements may apply in subsequent years. 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
The EPA’s Affordable Clean Energy Rule repealed the Clean Power Plan and replaced it with a new rule that established emission guidelines for states to follow in developing plans to limit CO2 emissions and identified certain efficiency measures as the best system of emission reduction for coal-fired electric generating units. In January 2021, the United States Court of Appeals for the District of Columbia Circuit vacated the Affordable Clean Energy Rule, and ruled that the EPA had the discretion to consider emission reduction measures that include efficiency measures and generation shifting to lower carbon emissions. In October 2021, the United States Supreme Court agreed to review the circuit court’s ruling, and a decision is expected to occur in mid-2022. Actions by the United States Supreme Court could impact the EPA’s development of new regulations to address carbon emissions from coal and natural gas electric generating units. At this time, Ameren Missouri cannot predict the outcome of legal challenges to the vacated Affordable Clean Energy Rule or future rulemakings. As such, the impact on the results of operations, financial position, and liquidity of Ameren and Ameren Missouri is uncertain.
NSR and Clean Air 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 in performing projects at its coal-fired Rush Island Energy Center in 2007 and 2010, Ameren Missouri violated provisions of the Clean Air Act and Missouri law. In January 2017, the district court issued a liability ruling 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. Ameren Missouri appealed both the liability and remedy orders and, in August 2021, a three-judge panel of the United States Court of Appeals for the Eighth Circuit issued a decision that 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. Ameren Missouri believes that both the court of appeals and the district court have misinterpreted and misapplied the law with respect to the Rush Island Energy Center in their respective rulings. In October 2021, Ameren Missouri sought reconsideration of the panel’s decision before the entire court of appeals, and the United States Department of Justice sought reconsideration of the panel’s decision rejecting the requirement to install a dry sorbent injection system at the Labadie Energy Center.
Under the terms of the remedy order, Ameren Missouri is required to complete the installation of the flue gas desulfurization system at the Rush Island Energy Center within four and one-half years from the conclusion of the appeal process and entry of a final judgement. Based upon engineering studies from October 2019, capital expenditures to comply with the district court’s order for installation of a flue gas desulfurization system at the Rush Island Energy Center were estimated at up to $1 billion along with additional operation and maintenance expenses of $30 million to $50 million annually for the life of the energy center. Ameren Missouri’s 2020 IRP reflected an expected retirement date of 2039 for the Rush Island Energy Center and did not reflect the installation of a flue gas desulfurization system at the Rush Island Energy Center. As of September 30, 2021, the Rush Island Energy Center represented a rate base of approximately $0.4 billion. Ameren Missouri is assessing several alternatives to effectively address the court of appeals decision, including legal, operational, and regulatory measures. To the extent the resolution of the proceedings described above results in changes to the planned timing of energy center retirements, the timing and level of new generation resources, transmission infrastructure needs, or reliability considerations, Ameren Missouri would file an update to its 2020 IRP with the MoPSC.
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, which is expected to be completed by 2023 for Ameren Missouri.
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. 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 is scheduled to close permanently in 2022 and, as a result, does not require new wastewater and dry ash handling systems. Estimated capital expenditures to complete these projects are included in the CCR management compliance plan, discussed below.
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 surface impoundments at Ameren Missouri’s energy centers. Ameren Missouri has completed or expects to complete closure of surface impoundments at three of its facilities in 2021, and is scheduled to complete the last of such closures at a fourth facility in 2023. The EPA has issued a series of revisions to the CCR rule; however, none of those revisions is expected to materially impact our closure schedule. Ameren and Ameren Missouri have AROs of $88 million recorded on their respective balance sheets as of September 30, 2021, associated with CCR storage facilities. Ameren Missouri estimates it will need to make capital expenditures of $75 million to $100 million from 2021 through 2025 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, 2021, 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, 2021, Ameren Illinois estimated the remaining obligation related to these former MGP sites at $80 million to $145 million. Ameren and Ameren Illinois recorded a liability of $80 million to represent the estimated minimum obligation for these sites, as no other amount within the range was a better estimate.
The scope of the remediation activities at these former MGP sites may increase as remediation efforts continue. Considerable uncertainty remains in these estimates because many site-specific factors can influence the 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 CEJA established emission standards that will limit the operations of Ameren Missouri's five natural gas-fired energy centers located in the state of Illinois, including the possibility of one or more energy center closures earlier than anticipated. These energy centers are utilized to support peak loads. The emission limitations will become effective between 2030 and 2040. Ameren Missouri is reviewing the emission standards and the resulting effect they may have on its generation strategy, including any increases in capital expenditures or operating costs, or limits to the useful lives of the five natural gas-fired energy centers.
v3.21.2
Callaway Energy Center
9 Months Ended
Sep. 30, 2021
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
During its return to full power after the completion of the last refueling and maintenance outage in late December 2020, the Callaway Energy Center experienced a non-nuclear operating issue related to its generator. After replacement of certain key components of the generator, the energy center returned to service on August 4, 2021. The cost of generator repairs was approximately $60 million, which was largely capital expenditures. In April 2021, Ameren Missouri’s insurance claims were accepted by NEIL, which are expected to cover a significant portion of the capital expenditures and covered lost sales of up to $4.5 million weekly after March 17, 2021. Insurance recoveries related to lost sales were reflected in electric operating revenues and included in net energy costs under the FAC. Expected insurance recoveries related to the capital expenditures were reflected as a reduction to property, plant, and equipment. As of September 30, 2021, a $35 million insurance receivable was included in “Miscellaneous accounts receivable” on Ameren’s and Ameren Missouri’s balance sheets.
Insurance
The following table presents insurance coverage at Ameren Missouri’s Callaway Energy Center at September 30, 2021:
Type and Source of CoverageMost Recent
Renewal Date
Maximum CoveragesMaximum Assessments
for Single Incidents
Public liability and nuclear worker liability:
American Nuclear InsurersJanuary 1, 2021$450 $— 
Pool participation(a)13,073 
(a) 
138 
(b) 
$13,523 
(c) 
$138 
Property damage:
NEIL and EMANIApril 1, 2021$3,200 
(d)
$25 
(e) 
Accidental outage:
NEILApril 1, 2021$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.
v3.21.2
Retirement Benefits
9 Months Ended
Sep. 30, 2021
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, 2021 and 2020:
Pension BenefitsPostretirement Benefits
Three MonthsNine MonthsThree MonthsNine Months
20212020202120202021202020212020
Service cost(a)
$33 $28 $100 $83 $5 $$17 $14 
Non-service cost components:
Interest cost38 43 114 130 9 10 25 29 
Expected return on plan assets(74)(73)(223)(218)(20)(20)(60)(60)
Amortization of:
Prior service benefit —  (1)(1)(1)(3)(3)
Actuarial loss (gain)18 15 55 45 (1)(3)(4)(7)
Total non-service cost components(b)
$(18)$(15)$(54)$(44)$(13)$(14)$(42)$(41)
Net periodic benefit cost (income)$15 $13 $46 $39 $(8)$(10)$(25)$(27)
(a)Service cost, net of capitalization, is reflected in “Operating Expenses – Other operations and maintenance” on Ameren’s statement of income.
(b)Non-service cost components are reflected in “Other Income, Net” on Ameren’s statement of income. See Note 5 – Other Income, Net, for additional information.
Ameren Missouri and Ameren Illinois are responsible for their respective share of Ameren’s pension and other postretirement costs. The following table presents the respective share of net periodic pension and other postretirement benefit costs (income) incurred for the three and nine months ended September 30, 2021 and 2020:
Pension BenefitsPostretirement Benefits
Three MonthsNine MonthsThree MonthsNine Months
20212020202120202021202020212020
Ameren Missouri(a)
$7 $$22 $16 $(1)$(2)$(3)$(4)
Ameren Illinois8 25 24 (8)(8)(23)(24)
Other — (1)(1)1 — 1 
Ameren(a)
$15 $13 $46 $39 $(8)$(10)$(25)$(27)
(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.
v3.21.2
Income Taxes
9 Months Ended
Sep. 30, 2021
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, 2021 and 2020:
AmerenAmeren MissouriAmeren Illinois
202120202021202020212020
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)(1) — 
Amortization of excess deferred taxes(8)(9)

(17)(16)

(2)(3)
Depreciation differences —  — (1)(1)
Renewable and other tax credits(2)
(a)
(1)(8)
(a)
(2) — 
State tax4 4 7 
Stock-based compensation  —  — 
Effective income tax rate14 %15 %(1)%%25 %24 %
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(9)(9)

(17)(16)

(3)(3)
Renewable and other tax credits(3)
(a)
(1)(8)
(a)
(1) — 
State tax5 3 7 
Stock-based compensation(1)(1) —  — 
Effective income tax rate13 %15 %(1)%%25 %25 %
(a)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.
v3.21.2
Supplemental Information
9 Months Ended
Sep. 30, 2021
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, 2021, and December 31, 2020:
September 30, 2021December 31, 2020
AmerenAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
“Cash and cash equivalents”$7 $ $ $139 $136 $— 
Restricted cash included in “Other current assets”16 5 6 17 
Restricted cash included in “Other assets”116  116 141 — 141 
Restricted cash included in “Nuclear decommissioning trust fund”6 6  — 
Total cash, cash equivalents, and restricted cash$145 $11 $122 $301 $145 $147 
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. As of September 30, 2021, the amounts collected under the cost recovery rider restricted for use in Ameren Illinois’ procurement of renewable energy credits were classified as non-current because the amount is not expected to be refunded to customers within a year due to changes to the rider pursuant to the CEJA.
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, 2021, and December 31, 2020, “Other current liabilities” on Ameren’s and Ameren Illinois’ balance sheets included payables for purchased receivables of $35 million and $28 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, 2021 and 2020:
Three MonthsNine Months
2021202020212020
Ameren:
Beginning of period$42 $25 $50 $17 
Bad debt expense7 21 8 31 
Net write-offs(13)(2)(22)(4)
End of period$36 $44 $36 $44 
Ameren Missouri:
Beginning of period$16 $$16 $
Bad debt expense2 5 
Net write-offs(4)— (7)(2)
End of period$14 $14 $14 $14 
Ameren Illinois:(a)
Beginning of period$26 $16 $34 $10 
Bad debt expense5 

16 3 
(b)
22 
Net write-offs(9)(2)(15)(2)
End of period$22 $30 $22 $30 
(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 incremental state funding received for customer bill assistance. The incremental state funding granted relief to low-income customers at risk of service disconnection resulting from the impacts of the COVID-19 pandemic.
Net write-offs increased for the three and nine months ended September 30, 2021, compared with the year-ago periods, due to the resumption of disconnection activities for nonpayment. See Note 2 – Rate and Regulatory Matters in this report and under Part II, Item 8, in the Form 10-K for additional information.
Supplemental Cash Flow Information
The following table provides noncash financing and investing activity excluded from the statements of cash flows for the nine months ended September 30, 2021 and 2020:
September 30, 2021September 30, 2020
AmerenAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
Investing
Accrued capital expenditures, including wind generation expenditures$396 $209 $182 $311 $115 $191 
Net realized and unrealized gain – nuclear decommissioning trust fund85 85  43 43 — 
Financing
Issuance of common stock for stock-based compensation$33 $ $ $38 $— $— 
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, 2021:
Ameren
Missouri
Ameren
Illinois
Ameren
Balance at December 31, 2020
$751 

$
(a)
$756 
(b)
Liabilities incurred18 
(c)
— 18 
(c)
Liabilities settled(23)— (23)
Accretion23 
(d)
— 

23 
(d)
Change in estimates(10)
(e)
— (10)
(e)
Balance at September 30, 2021
$759 

$
(a)
$764 
(b)
(a)Included in “Other deferred credits and liabilities” on the balance sheet.
(b)Balance included $59 million and $60 million in “Other current liabilities” on the balance sheet as of September 30, 2021, and December 31, 2020, respectively.
(c)During the first nine months of 2021, Ameren Missouri recorded an ARO related to the decommissioning of the Atchison Renewable Energy Center.
(d)Accretion expense attributable to Ameren Missouri was recorded as a decrease to regulatory liabilities.
(e)Ameren Missouri changed its fair value estimate primarily due to a decrease in the cost estimate for closure of certain CCR storage facilities.
Stock-based Compensation
On January 1, 2021, Ameren granted 293,058 performance share units with a grant date fair value of $25 million and 125,562 restricted share units with a grant date fair value of $10 million. Awards vest approximately 38 months after the grant date or on a pro-rata basis upon death or eligible retirement. The performance share units vest based on the achievement of certain specified market performance measures (251,177 performance share units) or based on the achievement of renewable generation and energy storage installation targets (41,881 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, 2021 and 2020, excess tax benefits associated with the settlement of stock-based compensation awards reduced income tax expense by $5 million and $8 million, respectively.
Deferred Compensation
As of September 30, 2021, and December 31, 2020, the present value of benefits to be paid for deferred compensation obligations was $91 million and $90 million, respectively, which was primarily reflected in “Other deferred credits and liabilities” on Ameren's consolidated balance sheet.
Operating Revenues
As of September 30, 2021 and 2020, 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, 2021 and 2020:
Three MonthsNine Months
2021202020212020
Ameren Missouri$54 $45 $120 $111 
Ameren Illinois27 26 93 87 
Ameren$81 $71 $213 $198 
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, 2021 and 2020:
Three MonthsNine Months
2021202020212020
Weighted-average Common Shares Outstanding – Basic257.3 247.1 255.9 246.8 
Assumed settlement of performance share units and restricted stock units1.3 1.5 1.3 1.2 
Dilutive effect of forward sale agreements 0.6  0.4 
Weighted-average Common Shares Outstanding – Diluted(a)
258.6 249.2 257.2 248.4 
(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, 2021.There were no anti-dilutive securities excluded from the earnings per diluted share calculations for the three and nine months ended September 30, 2020.
v3.21.2
Segment Information
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The following tables present revenues, net income (loss) attributable to common shareholders, and capital expenditures by segment at Ameren and Ameren Illinois for the three and nine months ended September 30, 2021 and 2020. 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 2021:
External revenues$1,118 $425 $127 $141 $ $ $1,811 
Intersegment revenues11 3  19  (33) 
Net income (loss) attributable to Ameren common shareholders375 36 (8)73 
(a)
(51) 425 
Capital expenditures466 
(b)
143 93 154 2 (8)850 
(b)
Three Months 2020:
External revenues$990 $390 $122 $126 $— $— $1,628 
Intersegment revenues11 — 15 — (27)— 
Net income (loss) attributable to Ameren common shareholders297 34 62 
(a)
(28)— 367 
Capital expenditures262 129 81 185 (3)656 
Nine Months 2021:
External revenues$2,612 $1,222 $642 $373 $ $ $4,849 
Intersegment revenues30 5  53  (88) 
Net income (loss) attributable to Ameren common shareholders533 123 75 175 
(a)
(41) 865 
Capital expenditures1,567 
(b)
429 202 426 3 (14)2,613 
(b)
Nine Months 2020:
External revenues$2,442 $1,131 $533 $360 $— $— $4,466 
Intersegment revenues31 — 40 — (73)— 
Net income (loss) attributable to Ameren common shareholders439 107 66 168 
(a)
(24)— 756 
Capital expenditures778 391 221 490 — 1,884 
(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 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 
Three Months 2020:
External revenues$391 $122 $76 $— $589 
Intersegment revenues— — 15 (15)— 
Net income available to common shareholder34 41 — 77 
Capital expenditures129 81 160 — 370 
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 
Nine Months 2020:
External revenues$1,133 $533 $213 $— $1,879 
Intersegment revenues— — 39 (39)— 
Net income available to common shareholder107 66 107 — 280 
Capital expenditures391 221 419 — 1,031 
The following tables present disaggregated revenues by segment at Ameren and Ameren Illinois for the three and nine months ended September 30, 2021 and 2020. 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 2021:
Residential$537 $258 $ $ $ $795 
Commercial412 143    555 
Industrial98 26    124 
Other66 1 

 160 (33)194 
Total electric revenues$1,113 $428 $ $160 $(33)$1,668 
Residential$9 $ $75 $ $ $84 
Commercial4  23   27 
Industrial  3   3 
Other3  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
Three Months 2020:
Residential$455 $234 $— $— $— $689 
Commercial343 127 — — — 470 
Industrial87 26 — — — 113 
Other99 

— 141 (27)217 

Total electric revenues$984 $391 $— $141 $(27)$1,489 
Residential$$— $68 $— $— $76 
Commercial— 18 — — 21 
Industrial— — — 
Other— 31 — — 36 
Total natural gas revenues$17 $— $122 $— $— $139 
Total revenues(a)
$1,001 $391 $122 $141 $(27)$1,628 
Nine Months 2021:
Residential$1,177 $705 $ $ $ $1,882 
Commercial899 402    1,301 
Industrial221 94    315 
Other246 26  426 (88)610 
Total electric revenues$2,543 $1,227 $ $426 $(88)$4,108 
Residential$54 $ $438 $ $ $492 
Commercial23  116   139 
Industrial2  20   22 
Other20  68   88 
Total natural gas revenues$99 $ $642 $ $ $741 
Total revenues(a)
$2,642 $1,227 $642 $426 $(88)$4,849 
Nine Months 2020:
Residential$1,111 $664 $— $— $— $1,775 
Commercial828 365 — — — 1,193 
Industrial207 91 — — — 298 
Other240 13 — 400 (73)580 
Total electric revenues$2,386 $1,133 $— $400 $(73)$3,846 
Residential$52 $— $375 $— $— $427 
Commercial20 — 94 — — 114 
Industrial— 11 — — 14 
Other12 — 53 — — 65 
Total natural gas revenues$87 $— $533 $— $— $620 
Total revenues(a)
$2,473 $1,133 $533 $400 $(73)$4,466 
(a)The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the three and nine months ended September 30, 2021 and 2020:
Ameren MissouriAmeren Illinois Electric DistributionAmeren Illinois Natural GasAmeren TransmissionAmeren
Three Months 2021:
Revenues from alternative revenue programs$6 $(97)$(5)$1 $(95)
Other revenues not from contracts with customers7 
(a)
6   13 
(a)
Three Months 2020:
Revenues from alternative revenue programs$$(110)$$$(102)
Other revenues not from contracts with customers— — 11 
Nine Months 2021:
Revenues from alternative revenue programs$(9)$(2)$ $5 $(6)
Other revenues not from contracts with customers71 
(a)
9 2  82 
(a)
Nine Months 2020:
Revenues from alternative revenue programs$(8)$(59)$17 $34 $(16)
Other revenues not from contracts with customers21 — 28 
(a)Includes insurance recoveries related to lost sales associated with the Callaway Energy Center maintenance outage. See Note 10 Callaway Energy Center for additional information.
Ameren Illinois
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionIntersegment EliminationsAmeren Illinois
Three Months 2021:
Residential$258 $75 $ $ $333 
Commercial143 23   166 
Industrial26 3   29 
Other1 

26 

108 (18)117 
Total revenues(a)
$428 $127 $108 $(18)$645 
Three Months 2020:
Residential$234 $68 $— $— $302 
Commercial127 18 — — 145 
Industrial26 — — 31 
Other31 91 (15)111 
Total revenues(a)
$391 $122 $91 $(15)$589 
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 
Nine Months 2020:
Residential$664 $375 $— $— $1,039 
Commercial365 94 — — 459 
Industrial91 11 — — 102 
Other13 53 252 (39)279 
Total revenues(a)
$1,133 $533 $252 $(39)$1,879 
(a)The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the Ameren Illinois segments for the three and nine months ended September 30, 2021 and 2020:
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionAmeren Illinois
Three Months 2021:
Revenues from alternative revenue programs$(97)$(5)$3 $(99)
Other revenues not from contracts with customers6   6 
Three Months 2020:
Revenues from alternative revenue programs$(110)$$$(102)
Other revenues not from contracts with customers— — 
Nine Months 2021:
Revenues from alternative revenue programs$(2)$ $4 $2 
Other revenues not from contracts with customers9 2  11 
Nine Months 2020:
Revenues from alternative revenue programs$(59)$17 $29 $(13)
Other revenues not from contracts with customers— 
v3.21.2
Summary Of Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Nature of Operations
Ameren, headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren’s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren’s common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries. Ameren’s principal subsidiaries are listed below. Ameren has other subsidiaries that conduct other activities, such as providing shared services.
Union Electric Company, doing business as Ameren Missouri, operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri.
Ameren Illinois Company, doing business as Ameren Illinois, operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois.
ATXI operates a FERC rate-regulated electric transmission business in the MISO.
Consolidation
Ameren’s financial statements are prepared on a consolidated basis and therefore include the accounts of its majority-owned subsidiaries. All intercompany transactions have been eliminated. Ameren Missouri and Ameren Illinois have no subsidiaries. All tabular dollar amounts are in millions, unless otherwise indicated.
Our accounting policies conform to GAAP. Our financial statements reflect all adjustments (which include normal, recurring adjustments)
that are necessary, in our opinion, for a fair statement of our results. The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions. Such estimates and assumptions affect reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the dates of financial statements, and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates. The results of operations 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, 2021, and December 31, 2020, Ameren had unconsolidated variable interests as a limited partner in various equity method investments, totaling $53 million and $37 million, respectively, included in “Other assets” on Ameren’s consolidated balance sheet. Ameren is not the primary beneficiary of these investments because it does not have the power to direct matters that most significantly affect the activities of these variable interest entities. As of September 30, 2021, the maximum exposure to loss related to these variable interests is limited to the investment in these partnerships of $53 million plus associated outstanding funding commitments of $27 million.
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.
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
As of September 30, 2021, and December 31, 2020, the present value of benefits to be paid for deferred compensation obligations was $91 million and $90 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, 2021 and 2020, 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.
v3.21.2
Short-Term Debt and Liquidity (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
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, 2021 and 2020:
Ameren
(parent)
Ameren
Missouri
Ameren
Illinois
Ameren
Consolidated
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 %
2020
Average daily amount outstanding$62 $142 $53 $257 
Weighted-average interest rate2.04 %1.76 %1.10 %1.70 %
Peak amount outstanding during period(a)
$425 $573 $243 $908 
Peak interest rate3.30 %5.05 %
(b)
3.40 %5.05 %
(b)
(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.
(b)Ameren’s and Ameren Missouri’s peak interest rate was affected by temporary disruptions in the commercial paper market in the first quarter of 2020.
v3.21.2
Other Income and Expenses (Tables)
9 Months Ended
Sep. 30, 2021
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, 2021 and 2020:
Three MonthsNine Months
2021202020212020
Ameren:
Allowance for equity funds used during construction
$14 $12 $30 $25 
Interest income on industrial development revenue bonds
7 19 19 
Other interest income
 — 1 
Non-service cost components of net periodic benefit income(a)
34 32 102 85 
Miscellaneous income
3 14 10 
Donations
(1)— (5)(14)
(b)
Miscellaneous expense
(1)(4)(10)(10)
Total Other Income, Net$56 $48 $151 $117 
Ameren Missouri:
Allowance for equity funds used during construction
$7 $$17 $15 
Interest income on industrial development revenue bonds
7 19 19 
Non-service cost components of net periodic benefit income(a)
13 13 41 32 
Miscellaneous income
2 3 
Donations
 — (1)(9)
(b)
Miscellaneous expense
(2)(2)(5)(5)
Total Other Income, Net$27 $26 $74 $55 
Ameren Illinois:
Allowance for equity funds used during construction
$7 $$13 $10 
Interest income
 — 1 
Non-service cost components of net periodic benefit income
13 12 41 36 
Miscellaneous income
 3 
Donations
(1)— (4)(5)
Miscellaneous expense (1)(5)(4)
Total Other Income, Net$19 $17 $49 $45 
(a)For the three and nine months ended September 30, 2021, the non-service cost components of net periodic benefit income were adjusted by amounts deferred of $(3) million and $(6) 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 less than $(1) million for the three and nine months ended September 30, 2020.
(b)Includes $8 million pursuant to Ameren Missouri’s March 2020 electric rate order. See Note 2 Rate and Regulatory Matters under Part II, Item 8, in the Form 10-K for additional information.
v3.21.2
Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2021
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, 2021, and December 31, 2020. As of September 30, 2021, these contracts extended through October 2024, October 2026, May 2032 and March 2023 for fuel oils, natural gas, power and uranium, respectively.
Quantity (in millions)
September 30, 2021December 31, 2020
CommodityAmeren MissouriAmeren IllinoisAmerenAmeren MissouriAmeren IllinoisAmeren
Fuel oils (in gallons)28  28 43 — 43 
Natural gas (in mmbtu)33 136 169 33 114 147 
Power (in MWhs)6 6 12 13 
Uranium (pounds in thousands)400  400 365 — 365 
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, 2021, and December 31, 2020:
September 30, 2021December 31, 2020
Balance Sheet LocationAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
Ameren
Fuel oilsOther current assets$9 $ $9 $$— $
Other assets5  5 — — — 
Natural gasMark-to-market derivative assets(a)55 (a)(a)(a)
Other current assets13  68 — 
Other assets8 20 28 
PowerMark-to-market derivative assets(a)1 (a)(a)— (a)
Other current assets31  32 — 
Other assets1  1 — — — 
UraniumOther assets2  2 — — — 
Total assets$69 $76 $145 $12 $10 $22 
Fuel oilsMark-to-market derivative liabilities$ $(a)$(a)$$(a)$(a)
Other current liabilities   — — 
Other deferred credits and liabilities   — 
Natural gasOther current liabilities 4 4 
Other deferred credits and liabilities 2 2 — 
PowerMark-to-market derivative liabilities75 (a)(a)3 (a)(a)
Other current liabilities 5 80 — 17 20 
Other deferred credits and liabilities22 140 162 181 189 
UraniumOther current liabilities1  1 — — — 
Total liabilities$98 $151 $249 $21 $200 $221 
(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, 2021. If the gross amounts recognized on the balance sheet were netted with derivative instruments and cash collateral received or posted at December 31, 2020, the net amounts would not be materially different from the gross amounts.
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
2021
Assets:
Ameren Missouri$69 $14 $2 $53 
Ameren Illinois76 2 3 71 
Ameren$145 $16 $5 $124 
Liabilities:
Ameren Missouri$98 $14 $57 $27 
Ameren Illinois151 2  149 
Ameren$249 $16 $57 $176 
(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 “Other current assets” and “Other assets” on the balance sheet.
Derivative Instruments With Credit Risk-Related Contingent Features The following table presents, as of September 30, 2021, the aggregate fair value of all derivative instruments with credit risk-related contingent features in a gross liability position, the cash collateral posted, and the aggregate amount of additional collateral that counterparties could require.
Aggregate Fair Value of
Derivative Liabilities(a)
Cash
Collateral Posted
Potential Aggregate Amount of
Additional Collateral Required(b)
Ameren Missouri$45 $$28 
Ameren Illinois— 
Ameren$51 $$32 
(a)Before consideration of master netting arrangements or similar agreements.
(b)As collateral requirements with certain counterparties are based on master netting arrangements or similar agreements, the aggregate amount of additional collateral required to be posted is determined after consideration of the effects of such arrangements.
v3.21.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule Of Fair Value Hierarchy Of Assets And Liabilities Measured At Fair Value On Recurring Basis
The following table sets forth, by level within the fair value hierarchy, our assets and liabilities measured at fair value on a recurring basis as of September 30, 2021, and December 31, 2020:
September 30, 2021December 31, 2020
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:
Ameren Missouri
Derivative assets – commodity contracts:
Fuel oils$14 $ $ $14 $— $— $$
Natural gas 20 1 21 — — 
Power12  20 32 — 
Uranium  2 2 — — — — 
Total derivative assets – commodity contracts$26 $20 $23 $69 $$$$12 
Nuclear decommissioning trust fund:
Equity securities:
U.S. large capitalization$743 $ $ $743 $680 $— $— $680 
Debt securities:
U.S. Treasury and agency securities 141  141 — 115 — 115 
Corporate bonds 128  128 — 115 — 115 
Other 56  56 — 67 — 67 
Total nuclear decommissioning trust fund$743 $325 $ $1,068 
(a)
$680 $297 $— $977 
(a)
Total Ameren Missouri$769 $345 $23 $1,137 $682 $300 $$989 
September 30, 2021December 31, 2020
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Ameren Illinois
Derivative assets – commodity contracts:
Natural gas$3 $62 $10 $75 $— $$$10 
Power  1 1 — — — — 
Total Ameren Illinois$3 $62 $11 $76 $— $$$10 
Ameren
Derivative assets – commodity contracts(b)
$29 $82 $34 $145 $$$11 $22 
Nuclear decommissioning trust fund(c)
743 325  1,068 
(a)
680 297 — 977 
(a)
Total Ameren$772 $407 $34 $1,213 $682 $306 $11 $999 
Liabilities:
Ameren Missouri
Derivative liabilities – commodity contracts:
Fuel oils$ $ $ $ $$— $$
Natural gas    — — 
Power54  43 97 — 11 
Uranium  1 1 — — — — 
Total Ameren Missouri$54 $ $44 $98 $14 $$$21 
Ameren Illinois
Derivative liabilities – commodity contracts:
Natural gas$ $2 $4 $6 $— $$$
Power  145 145 — — 198 198 
Total Ameren Illinois$ $2 $149 $151 $— $$199 $200 
Ameren
Derivative liabilities – commodity contracts(b)
$54 $2 $193 $249 $14 $$205 $221 
(a)Balance excludes $8 million and $5 million of cash and cash equivalents, receivables, payables, and accrued income, net, for September 30, 2021, and December 31, 2020, respectively.
(b)See the Ameren Missouri and Ameren Illinois sections of the table for a breakout of the fair value of Ameren’s derivative assets and liabilities by type of commodity.
(c)See the Ameren Missouri section of the table for a breakout of the fair value of Ameren's nuclear decommissioning trust fund by investment type.
Schedule Of Changes In The Fair Value Of Financial Assets And Liabilities Classified As Level Three In The Fair Value Hierarchy The following table presents the fair value reconciliation of Level 3 power derivative contract assets and liabilities measured at fair value on a recurring basis for the three and nine months ended September 30, 2021 and 2020:
20212020
Ameren MissouriAmeren IllinoisAmerenAmeren MissouriAmeren IllinoisAmeren
For the three months ended September 30:
Beginning balance at July 1
$(5)$(166)$(171)$16 $(229)$(213)
Realized and unrealized gains/(losses) included in regulatory assets/liabilities(16)19 3 (2)12 10 
Settlements(2)3 1 (4)— 
Ending balance at September 30
$(23)$(144)$(167)$10 $(213)$(203)
Change in unrealized gains/(losses) related to assets/liabilities held at September 30
$(17)$19 $2 $(2)$11 $
For the nine months ended September 30:
Beginning balance at January 1$2 $(198)$(196)$13 $(224)$(211)
Realized and unrealized gains/(losses) included in regulatory assets/liabilities(22)43 21 18 (2)16 
Settlements(3)11 8 (21)13 (8)
Ending balance at September 30
$(23)$(144)$(167)$10 $(213)$(203)
Change in unrealized gains/(losses) related to assets/liabilities held at September 30
$(21)$42 $21 $$(1)$
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, 2021, and December 31, 2020:
Fair Value
Weighted Average(b)
CommodityAssetsLiabilitiesValuation Technique(s)
Unobservable Input(a)
Range
2021
Power(c)
$21$(188)Discounted cash flow
Average forward peak and off-peak pricing  forwards/swaps ($/MWh)
28 – 77
40
Nodal basis ($/MWh)
(4) – 0
(2)
Trend rate (%)
(4) – (2)
(3)
2020
Power(c)
$5$(201)Discounted cash flowAverage forward peak and off-peak pricing – forwards/swaps ($/MWh)
23 – 37
29
Nodal basis ($/MWh)
(6) – 0
(2)
Trend rate (%)
2 – 6
3
(a)Generally, significant increases (decreases) in these inputs in isolation would result in a significantly higher (lower) fair value measurement.
(b)Unobservable inputs were weighted by relative fair value.
(c)Valuations through 2029 use visible forward prices adjusted for nodal-to-hub basis differentials. Valuations beyond 2029 use a trend rate factor and are similarly adjusted for nodal-to-hub basis differentials.
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, 2021, and December 31, 2020:
Carrying
Amount
Fair Value
Level 1Level 2Level 3Total
September 30, 2021
Ameren:
Cash, cash equivalents, and restricted cash$145 $145 $ $ $145 
Investments in industrial development revenue bonds(a)
256  256  256 
Short-term debt553  553  553 
Long-term debt (including current portion)(a)
12,501 
(b)
 13,576 520 
(c)
14,096 
Ameren Missouri:
Cash, cash equivalents, and restricted cash$11 $11 $ $ $11 
Advances to money pool24  24  24 
Investments in industrial development revenue bonds(a)
256  256  256 
Long-term debt (including current portion)(a)
5,626 
(b)
 6,392  6,392 
Ameren Illinois:
Cash, cash equivalents, and restricted cash$122 $122 $ $ $122 
Advances to money pool41  41  41 
Long-term debt (including current portion)4,391 
(b)
 5,019  5,019 
December 31, 2020
Ameren:
Cash, cash equivalents, and restricted cash$301 $301 $— $— $301 
Investments in industrial development revenue bonds(a)
256 — 256 — 256 
Short-term debt490 — 490 — 490 
Long-term debt (including current portion)(a)
11,086 
(b)
— 12,778 537 
(c)
13,315 
Ameren Missouri:
Cash, cash equivalents, and restricted cash$145 $145 $— $— $145 
Advances to money pool139 — 139 — 139 
Investments in industrial development revenue bonds(a)
256 — 256 — 256 
Long-term debt (including current portion)(a)
5,104 
(b)
— 6,160 — 6,160 
Ameren Illinois:
Cash, cash equivalents, and restricted cash$147 $147 $— $— $147 
Borrowings from money pool19 — 19 — 19 
Long-term debt (including current portion)3,946 
(b)
— 4,822 — 4,822 
(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, 2021, and December 31, 2020, 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 $93 million, $39 million, and $40 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of September 30, 2021. Included unamortized debt issuance costs, which were excluded from the fair value measurement, of $84 million, $36 million, and $36 million for Ameren, Ameren Missouri, and Ameren Illinois, respectively, as of December 31, 2020.
(c)The Level 3 fair value amount consists of ATXI’s senior unsecured notes.
v3.21.2
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2021
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, 2021, and December 31, 2020:
September 30, 2021December 31, 2020
Ameren MissouriAmeren IllinoisAmeren MissouriAmeren Illinois
Income taxes payable to parent(a)
$ $12 $— $
Income taxes receivable from parent(b)
 44 15 
(a)Included in “Accounts payable – affiliates” on the balance sheet.
(b)Included in “Accounts receivable – affiliates” on the balance sheet.
Schedule of Related Party Transactions
The following table presents the effect on Ameren Missouri and Ameren Illinois of related-party transactions for the three and nine months ended September 30, 2021 and 2020:
Three MonthsNine Months
AgreementIncome Statement
Line Item
Ameren
Missouri
Ameren
Illinois
Ameren
Missouri
Ameren
Illinois
Ameren Missouri power supplyOperating Revenues2021$5 $(a)$10 $(a)
agreements with Ameren Illinois
2020(a)11 (a)
Ameren Missouri and Ameren IllinoisOperating Revenues2021$6 $(b)$20 $(b)
rent and facility services
2020(b)19 
Ameren Missouri and Ameren Illinois miscellaneousOperating Revenues2021$(b)$3 $(b)$5 
support services and services provided to ATXI2020(b)
Total Operating Revenues2021$11 $3 $30 $5 
202011 31 
Ameren Illinois power supplyPurchased Power2021$(a)$5 $(a)$10 
agreements with Ameren Missouri
2020(a)(a)11 
Ameren Missouri and Ameren IllinoisPurchased Power2021$1 $(b)$3 $1 
transmission services from ATXI2020(a)(b)(a)
Total Purchased Power2021$1 $5 $3 $11 
2020(a)(a)12 
Ameren Missouri and Ameren IllinoisOther Operations and Maintenance2021$(b)$1 $(b)$3 
rent and facility services
2020(b)(b)
Three MonthsNine Months
AgreementIncome Statement
Line Item
Ameren
Missouri
Ameren
Illinois
Ameren
Missouri
Ameren
Illinois
Ameren Services support servicesOther Operations and Maintenance2021$41 $37 $110 $101 
agreement
202036 34 103 98 
Total Other Operations and2021$41 $38 $110 $104 
Maintenance202036 35 103 101 
Money pool borrowings (advances)(Interest Charges)/Other Income, Net2021$(b)$(b)$(b)$(b)
2020(b)(b)(b)(b)
(a)Not applicable.
(b)Amount less than $1 million.
v3.21.2
Callaway Energy Center (Tables)
9 Months Ended
Sep. 30, 2021
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, 2021:
Type and Source of CoverageMost Recent
Renewal Date
Maximum CoveragesMaximum Assessments
for Single Incidents
Public liability and nuclear worker liability:
American Nuclear InsurersJanuary 1, 2021$450 $— 
Pool participation(a)13,073 
(a) 
138 
(b) 
$13,523 
(c) 
$138 
Property damage:
NEIL and EMANIApril 1, 2021$3,200 
(d)
$25 
(e) 
Accidental outage:
NEILApril 1, 2021$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.
v3.21.2
Retirement Benefits (Tables)
9 Months Ended
Sep. 30, 2021
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, 2021 and 2020:
Pension BenefitsPostretirement Benefits
Three MonthsNine MonthsThree MonthsNine Months
20212020202120202021202020212020
Service cost(a)
$33 $28 $100 $83 $5 $$17 $14 
Non-service cost components:
Interest cost38 43 114 130 9 10 25 29 
Expected return on plan assets(74)(73)(223)(218)(20)(20)(60)(60)
Amortization of:
Prior service benefit —  (1)(1)(1)(3)(3)
Actuarial loss (gain)18 15 55 45 (1)(3)(4)(7)
Total non-service cost components(b)
$(18)$(15)$(54)$(44)$(13)$(14)$(42)$(41)
Net periodic benefit cost (income)$15 $13 $46 $39 $(8)$(10)$(25)$(27)
(a)Service cost, net of capitalization, is reflected in “Operating Expenses – Other operations and maintenance” on Ameren’s statement of income.
(b)Non-service cost components are reflected in “Other Income, Net” on Ameren’s statement of income. See Note 5 – Other Income, Net, for additional information.
Summary Of Benefit Plan Costs Incurred
Ameren Missouri and Ameren Illinois are responsible for their respective share of Ameren’s pension and other postretirement costs. The following table presents the respective share of net periodic pension and other postretirement benefit costs (income) incurred for the three and nine months ended September 30, 2021 and 2020:
Pension BenefitsPostretirement Benefits
Three MonthsNine MonthsThree MonthsNine Months
20212020202120202021202020212020
Ameren Missouri(a)
$7 $$22 $16 $(1)$(2)$(3)$(4)
Ameren Illinois8 25 24 (8)(8)(23)(24)
Other — (1)(1)1 — 1 
Ameren(a)
$15 $13 $46 $39 $(8)$(10)$(25)$(27)
(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.
v3.21.2
Income Taxes Income Taxes (Tables)
9 Months Ended
Sep. 30, 2021
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, 2021 and 2020:
AmerenAmeren MissouriAmeren Illinois
202120202021202020212020
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)(1) — 
Amortization of excess deferred taxes(8)(9)

(17)(16)

(2)(3)
Depreciation differences —  — (1)(1)
Renewable and other tax credits(2)
(a)
(1)(8)
(a)
(2) — 
State tax4 4 7 
Stock-based compensation  —  — 
Effective income tax rate14 %15 %(1)%%25 %24 %
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(9)(9)

(17)(16)

(3)(3)
Renewable and other tax credits(3)
(a)
(1)(8)
(a)
(1) — 
State tax5 3 7 
Stock-based compensation(1)(1) —  — 
Effective income tax rate13 %15 %(1)%%25 %25 %
(a)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.
v3.21.2
Supplemental Information (Tables)
9 Months Ended
Sep. 30, 2021
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, 2021, and December 31, 2020:
September 30, 2021December 31, 2020
AmerenAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
“Cash and cash equivalents”$7 $ $ $139 $136 $— 
Restricted cash included in “Other current assets”16 5 6 17 
Restricted cash included in “Other assets”116  116 141 — 141 
Restricted cash included in “Nuclear decommissioning trust fund”6 6  — 
Total cash, cash equivalents, and restricted cash$145 $11 $122 $301 $145 $147 
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, 2021 and 2020:
Three MonthsNine Months
2021202020212020
Ameren:
Beginning of period$42 $25 $50 $17 
Bad debt expense7 21 8 31 
Net write-offs(13)(2)(22)(4)
End of period$36 $44 $36 $44 
Ameren Missouri:
Beginning of period$16 $$16 $
Bad debt expense2 5 
Net write-offs(4)— (7)(2)
End of period$14 $14 $14 $14 
Ameren Illinois:(a)
Beginning of period$26 $16 $34 $10 
Bad debt expense5 

16 3 
(b)
22 
Net write-offs(9)(2)(15)(2)
End of period$22 $30 $22 $30 
(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 incremental state funding received for customer bill assistance. The incremental state funding granted relief to low-income customers at risk of service disconnection resulting from the impacts of the COVID-19 pandemic.
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, 2021 and 2020:
September 30, 2021September 30, 2020
AmerenAmeren
Missouri
Ameren
Illinois
AmerenAmeren
Missouri
Ameren
Illinois
Investing
Accrued capital expenditures, including wind generation expenditures$396 $209 $182 $311 $115 $191 
Net realized and unrealized gain – nuclear decommissioning trust fund85 85  43 43 — 
Financing
Issuance of common stock for stock-based compensation$33 $ $ $38 $— $— 
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, 2021:
Ameren
Missouri
Ameren
Illinois
Ameren
Balance at December 31, 2020
$751 

$
(a)
$756 
(b)
Liabilities incurred18 
(c)
— 18 
(c)
Liabilities settled(23)— (23)
Accretion23 
(d)
— 

23 
(d)
Change in estimates(10)
(e)
— (10)
(e)
Balance at September 30, 2021
$759 

$
(a)
$764 
(b)
(a)Included in “Other deferred credits and liabilities” on the balance sheet.
(b)Balance included $59 million and $60 million in “Other current liabilities” on the balance sheet as of September 30, 2021, and December 31, 2020, respectively.
(c)During the first nine months of 2021, Ameren Missouri recorded an ARO related to the decommissioning of the Atchison Renewable Energy Center.
(d)Accretion expense attributable to Ameren Missouri was recorded as a decrease to regulatory liabilities.
(e)Ameren Missouri changed its fair value estimate primarily due to a decrease in the cost estimate for closure of certain CCR storage facilities.
Schedule of excise taxes The following table presents the excise taxes recorded on a gross basis in “Operating Revenues – Electric,” “Operating Revenues – Natural gas” and “Operating Expenses – Taxes other than income taxes” on the statements of income for the three and nine months ended September 30, 2021 and 2020:
Three MonthsNine Months
2021202020212020
Ameren Missouri$54 $45 $120 $111 
Ameren Illinois27 26 93 87 
Ameren$81 $71 $213 $198 
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, 2021 and 2020:
Three MonthsNine Months
2021202020212020
Weighted-average Common Shares Outstanding – Basic257.3 247.1 255.9 246.8 
Assumed settlement of performance share units and restricted stock units1.3 1.5 1.3 1.2 
Dilutive effect of forward sale agreements 0.6  0.4 
Weighted-average Common Shares Outstanding – Diluted(a)
258.6 249.2 257.2 248.4 
(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, 2021.There were no anti-dilutive securities excluded from the earnings per diluted share calculations for the three and nine months ended September 30, 2020.
v3.21.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information By Segment
The following tables present revenues, net income (loss) attributable to common shareholders, and capital expenditures by segment at Ameren and Ameren Illinois for the three and nine months ended September 30, 2021 and 2020. 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 2021:
External revenues$1,118 $425 $127 $141 $ $ $1,811 
Intersegment revenues11 3  19  (33) 
Net income (loss) attributable to Ameren common shareholders375 36 (8)73 
(a)
(51) 425 
Capital expenditures466 
(b)
143 93 154 2 (8)850 
(b)
Three Months 2020:
External revenues$990 $390 $122 $126 $— $— $1,628 
Intersegment revenues11 — 15 — (27)— 
Net income (loss) attributable to Ameren common shareholders297 34 62 
(a)
(28)— 367 
Capital expenditures262 129 81 185 (3)656 
Nine Months 2021:
External revenues$2,612 $1,222 $642 $373 $ $ $4,849 
Intersegment revenues30 5  53  (88) 
Net income (loss) attributable to Ameren common shareholders533 123 75 175 
(a)
(41) 865 
Capital expenditures1,567 
(b)
429 202 426 3 (14)2,613 
(b)
Nine Months 2020:
External revenues$2,442 $1,131 $533 $360 $— $— $4,466 
Intersegment revenues31 — 40 — (73)— 
Net income (loss) attributable to Ameren common shareholders439 107 66 168 
(a)
(24)— 756 
Capital expenditures778 391 221 490 — 1,884 
(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 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 
Three Months 2020:
External revenues$391 $122 $76 $— $589 
Intersegment revenues— — 15 (15)— 
Net income available to common shareholder34 41 — 77 
Capital expenditures129 81 160 — 370 
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 
Nine Months 2020:
External revenues$1,133 $533 $213 $— $1,879 
Intersegment revenues— — 39 (39)— 
Net income available to common shareholder107 66 107 — 280 
Capital expenditures391 221 419 — 1,031 
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, 2021 and 2020. 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 2021:
Residential$537 $258 $ $ $ $795 
Commercial412 143    555 
Industrial98 26    124 
Other66 1 

 160 (33)194 
Total electric revenues$1,113 $428 $ $160 $(33)$1,668 
Residential$9 $ $75 $ $ $84 
Commercial4  23   27 
Industrial  3   3 
Other3  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
Three Months 2020:
Residential$455 $234 $— $— $— $689 
Commercial343 127 — — — 470 
Industrial87 26 — — — 113 
Other99 

— 141 (27)217 

Total electric revenues$984 $391 $— $141 $(27)$1,489 
Residential$$— $68 $— $— $76 
Commercial— 18 — — 21 
Industrial— — — 
Other— 31 — — 36 
Total natural gas revenues$17 $— $122 $— $— $139 
Total revenues(a)
$1,001 $391 $122 $141 $(27)$1,628 
Nine Months 2021:
Residential$1,177 $705 $ $ $ $1,882 
Commercial899 402    1,301 
Industrial221 94    315 
Other246 26  426 (88)610 
Total electric revenues$2,543 $1,227 $ $426 $(88)$4,108 
Residential$54 $ $438 $ $ $492 
Commercial23  116   139 
Industrial2  20   22 
Other20  68   88 
Total natural gas revenues$99 $ $642 $ $ $741 
Total revenues(a)
$2,642 $1,227 $642 $426 $(88)$4,849 
Nine Months 2020:
Residential$1,111 $664 $— $— $— $1,775 
Commercial828 365 — — — 1,193 
Industrial207 91 — — — 298 
Other240 13 — 400 (73)580 
Total electric revenues$2,386 $1,133 $— $400 $(73)$3,846 
Residential$52 $— $375 $— $— $427 
Commercial20 — 94 — — 114 
Industrial— 11 — — 14 
Other12 — 53 — — 65 
Total natural gas revenues$87 $— $533 $— $— $620 
Total revenues(a)
$2,473 $1,133 $533 $400 $(73)$4,466 
(a)The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the three and nine months ended September 30, 2021 and 2020:
Ameren MissouriAmeren Illinois Electric DistributionAmeren Illinois Natural GasAmeren TransmissionAmeren
Three Months 2021:
Revenues from alternative revenue programs$6 $(97)$(5)$1 $(95)
Other revenues not from contracts with customers7 
(a)
6   13 
(a)
Three Months 2020:
Revenues from alternative revenue programs$$(110)$$$(102)
Other revenues not from contracts with customers— — 11 
Nine Months 2021:
Revenues from alternative revenue programs$(9)$(2)$ $5 $(6)
Other revenues not from contracts with customers71 
(a)
9 2  82 
(a)
Nine Months 2020:
Revenues from alternative revenue programs$(8)$(59)$17 $34 $(16)
Other revenues not from contracts with customers21 — 28 
(a)Includes insurance recoveries related to lost sales associated with the Callaway Energy Center maintenance outage. See Note 10 Callaway Energy Center for additional information.
Ameren Illinois
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionIntersegment EliminationsAmeren Illinois
Three Months 2021:
Residential$258 $75 $ $ $333 
Commercial143 23   166 
Industrial26 3   29 
Other1 

26 

108 (18)117 
Total revenues(a)
$428 $127 $108 $(18)$645 
Three Months 2020:
Residential$234 $68 $— $— $302 
Commercial127 18 — — 145 
Industrial26 — — 31 
Other31 91 (15)111 
Total revenues(a)
$391 $122 $91 $(15)$589 
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 
Nine Months 2020:
Residential$664 $375 $— $— $1,039 
Commercial365 94 — — 459 
Industrial91 11 — — 102 
Other13 53 252 (39)279 
Total revenues(a)
$1,133 $533 $252 $(39)$1,879 
(a)The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the Ameren Illinois segments for the three and nine months ended September 30, 2021 and 2020:
Ameren Illinois Electric DistributionAmeren Illinois Natural GasAmeren Illinois TransmissionAmeren Illinois
Three Months 2021:
Revenues from alternative revenue programs$(97)$(5)$3 $(99)
Other revenues not from contracts with customers6   6 
Three Months 2020:
Revenues from alternative revenue programs$(110)$$$(102)
Other revenues not from contracts with customers— — 
Nine Months 2021:
Revenues from alternative revenue programs$(2)$ $4 $2 
Other revenues not from contracts with customers9 2  11 
Nine Months 2020:
Revenues from alternative revenue programs$(59)$17 $29 $(13)
Other revenues not from contracts with customers— 
v3.21.2
Summary of Significant Accounting Policies (Narrative) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2019
Basis Of Presentation And Significant Accounting Policies [Line Items]      
Percentage of accounts receivable balances that are 30 days past due or are part of a deferred payment arrangement 18.00%   13.00%
Accounts receivable balances that are 30 days or more past due or part of a deferred payment arrangement $ 97   $ 65
Noncontrolling Interest in Variable Interest Entity 53 $ 37  
Cash Surrender Value of Life Insurance 273 272  
Corporate owned life insurance, borrowings $ 109 107  
Union Electric Company      
Basis Of Presentation And Significant Accounting Policies [Line Items]      
Percentage of accounts receivable balances that are 30 days past due or are part of a deferred payment arrangement 12.00%   9.00%
Accounts receivable balances that are 30 days or more past due or part of a deferred payment arrangement $ 33   $ 23
Union Electric Company | Final Rate Order      
Basis Of Presentation And Significant Accounting Policies [Line Items]      
COVID-19 pandemic costs $ 9    
Ameren Illinois Company      
Basis Of Presentation And Significant Accounting Policies [Line Items]      
Percentage of accounts receivable balances that are 30 days past due or are part of a deferred payment arrangement 25.00%   18.00%
Accounts receivable balances that are 30 days or more past due or part of a deferred payment arrangement $ 64   $ 42
Cash Surrender Value of Life Insurance 115 115  
Corporate owned life insurance, borrowings 109 $ 107  
Partnership Funding Commitment      
Basis Of Presentation And Significant Accounting Policies [Line Items]      
Unrecorded Unconditional Purchase Obligation $ 27    
v3.21.2
Rate And Regulatory Matters (Narrative-Missouri) (Detail)
$ in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Jan. 31, 2021
MWh
Dec. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
MWh
Sep. 30, 2020
USD ($)
Feb. 28, 2021
USD ($)
Dec. 31, 2020
USD ($)
Rate And Regulatory Matters [Line Items]                
Regulatory assets     $ 1,235   $ 1,235     $ 1,100
Revenues     1,811 $ 1,628 4,849 $ 4,466    
Union Electric Company                
Rate And Regulatory Matters [Line Items]                
Atchison Renewable Energy Center purchase price         500      
Regulatory assets     483   483     $ 347
Pending Rate Case | Electricity | Union Electric Company                
Rate And Regulatory Matters [Line Items]                
Public Utilities, Requested Rate Increase (Decrease), Amount         $ 299      
Public Utilities, Requested Return on Equity, Percentage         9.90%      
Public Utilities, Requested Equity Capital Structure, Percentage         51.90%      
Rate Base         $ 10,000      
Percentage of High Prairie Costs Challenged by the OPC         25.00%      
Percentage of High Prairie Return Challenged by the MIEC         20.00%      
Pending Rate Case | Electricity | Union Electric Company | Subsequent Event                
Rate And Regulatory Matters [Line Items]                
MoPSC Staff Recommended Rate Increase (Decrease)   $ 188            
MoPSC Staff Recommended Return on Equity, Percentage   9.50%            
MoPSC Staff Recommended Equity Capital Structure, Percentage   50.32%            
MoPSC Staff Recommended Rate Base   $ 10,000            
Pending Rate Case | Natural Gas | Union Electric Company                
Rate And Regulatory Matters [Line Items]                
Public Utilities, Requested Rate Increase (Decrease), Amount         $ 9      
Public Utilities, Requested Return on Equity, Percentage         9.80%      
Public Utilities, Requested Equity Capital Structure, Percentage         51.90%      
Rate Base         $ 310      
Pending Rate Case | Natural Gas | Union Electric Company | Subsequent Event                
Rate And Regulatory Matters [Line Items]                
MoPSC Staff Recommended Rate Increase (Decrease)   $ 4            
MoPSC Staff Recommended Return on Equity, Percentage   9.50%            
MoPSC Staff Recommended Equity Capital Structure, Percentage   50.32%            
MoPSC Staff Recommended Rate Base   $ 301            
Wind Generation Facility | Union Electric Company                
Rate And Regulatory Matters [Line Items]                
Amount of Megawatts | MWh 300       700      
Final Rate Order | Union Electric Company                
Rate And Regulatory Matters [Line Items]                
COVID-19 pandemic costs         $ 9      
Regulatory assets     $ 5   5      
Revenues         4      
Final Rate Order | Electricity | Union Electric Company | MEEIA 2019 [Domain]                
Rate And Regulatory Matters [Line Items]                
Revenues         9 $ 6    
Incentive Award if Energy Efficiency Goals Are Achieved         13      
MEEIA energy efficiency investments for the 2023 program year         $ 75      
Under Recovered PGA | Union Electric Company                
Rate And Regulatory Matters [Line Items]                
Regulatory Assets             $ 53  
Under Recovered PGA | Union Electric Company | Subsequent Event | Minimum                
Rate And Regulatory Matters [Line Items]                
Amortization Period   12 months            
Under Recovered PGA | Union Electric Company | Subsequent Event | Maximum                
Rate And Regulatory Matters [Line Items]                
Amortization Period   36 months            
v3.21.2
Rate And Regulatory Matters (Narrative-Illinois) (Detail)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
numberOfWindGenerationFacilities
Sep. 30, 2020
USD ($)
Rate And Regulatory Matters [Line Items]        
Capital expenditures     $ 2,098 $ 1,884
Revenues $ 1,811 $ 1,628 4,849 4,466
Ameren Illinois Company        
Rate And Regulatory Matters [Line Items]        
Capital expenditures     1,026 1,031
Revenues $ 645 $ 589 2,097 $ 1,879
Annual investment in energy-efficiency programs     $ 100  
Deferred payment arrangement extension     18 months  
Financial assistance program costs     $ 4  
CEJA | Ameren Illinois Company        
Rate And Regulatory Matters [Line Items]        
Energy Transition Assistance Fund Surcharge     50  
CEJA | Ameren Illinois Company | Minimum        
Rate And Regulatory Matters [Line Items]        
Increase in the Annual Investment in Energy-Efficiency Programs     10  
CEJA | Ameren Illinois Company | Maximum        
Rate And Regulatory Matters [Line Items]        
Increase in the Annual Investment in Energy-Efficiency Programs     $ 40  
CEJA | Ameren Illinois Company | Electric Distribution        
Rate And Regulatory Matters [Line Items]        
Rate Case Filing Frequency     4 years  
Public Utilities, Approved Equity Capital Structure, Percentage     50.00%  
Multi-Year Rate Plan Reconciliation Cap     105.00%  
Amortization Period     2 years  
Amortization Start Date     1 year  
CEJA | Ameren Illinois Company | Electric Distribution | Minimum        
Rate And Regulatory Matters [Line Items]        
Return on Equity Adjustment     0.20%  
Public Utilities, Requested Rate Increase (Decrease), Percentage     50.00%  
CEJA | Ameren Illinois Company | Electric Distribution | Maximum        
Rate And Regulatory Matters [Line Items]        
Return on Equity Adjustment     0.60%  
CEJA | Ameren Illinois Company | Electricity, Generation        
Rate And Regulatory Matters [Line Items]        
Capital expenditures     $ 20  
Number of Solar Generation Pilot Projects | numberOfWindGenerationFacilities     2  
IEIMA | Ameren Illinois Company        
Rate And Regulatory Matters [Line Items]        
Public Utilities, Requested Return on Equity, Percentage     5.80%  
Final Rate Order | IEIMA | Ameren Illinois Company | Electric Distribution        
Rate And Regulatory Matters [Line Items]        
Amortization Period     2 years  
Pending Rate Case | Ameren Illinois Company | Natural Gas        
Rate And Regulatory Matters [Line Items]        
Natural Gas Capital Investment Prudency Challenge     $ 70  
Challenged Recoveries Under the QIP     3  
Pending Rate Case | IEIMA | Ameren Illinois Company | Electric Distribution        
Rate And Regulatory Matters [Line Items]        
Public Utilities, Requested Rate Increase (Decrease), Amount     $ 59  
Public Utilities, Requested Equity Capital Structure, Percentage     51.00%  
Pending Rate Case | FEJA energy-efficiency rider | Ameren Illinois Company | Electric Distribution        
Rate And Regulatory Matters [Line Items]        
Public Utilities, Requested Rate Increase (Decrease), Amount     $ 10  
Renewable Energy Credits | Ameren Illinois Company | Electricity, Generation        
Rate And Regulatory Matters [Line Items]        
Revenues     $ 100  
v3.21.2
Rate And Regulatory Matters (Narrative-Federal) (Detail) - USD ($)
$ in Millions
1 Months Ended 9 Months Ended
May 31, 2020
Nov. 30, 2019
Sep. 30, 2021
Dec. 31, 2020
Rate And Regulatory Matters [Line Items]        
Regulatory liabilities     $ 5,425 $ 5,282
Ameren Illinois Company        
Rate And Regulatory Matters [Line Items]        
Regulatory liabilities     2,193 $ 2,063
Final Rate Order | Ameren Illinois Company        
Rate And Regulatory Matters [Line Items]        
Regulatory liabilities     $ 9  
Midwest Independent Transmission System Operator, Inc        
Rate And Regulatory Matters [Line Items]        
Public Utilities, Requested Return on Equity, Percentage     12.38%  
Midwest Independent Transmission System Operator, Inc | Final Rate Order        
Rate And Regulatory Matters [Line Items]        
Public Utilities, Requested Return on Equity, Percentage 10.02% 9.88% 10.32%  
Customer Requested Rate on Equity     9.15%  
Incentive adder to FERC allowed base return on common equity     0.50%  
Maximum | Midwest Independent Transmission System Operator, Inc | Final Rate Order        
Rate And Regulatory Matters [Line Items]        
Public Utilities, Requested Return on Equity, Percentage     10.82%  
v3.21.2
Short-Term Debt And Liquidity (Narrative) (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
Sep. 30, 2021
USD ($)
Sep. 30, 2020
Dec. 31, 2020
USD ($)
Short-term Debt [Line Items]          
Short-term debt $ 553   $ 553   $ 490
Credit Agreements          
Short-term Debt [Line Items]          
Net Liquidity Available $ 1,800   $ 1,800    
Actual debt-to-capital ratio 0.57   0.57    
Utilities          
Short-term Debt [Line Items]          
Short-term Debt, Weighted Average Interest Rate, over Time 0.06% 0.10% 0.17% 0.81%  
Union Electric Company | Missouri Credit Agreement          
Short-term Debt [Line Items]          
Actual debt-to-capital ratio 0.48   0.48    
Ameren Illinois Company | Illinois Credit Agreement          
Short-term Debt [Line Items]          
Actual debt-to-capital ratio 0.45   0.45    
Ameren (parent) | Commercial Paper          
Short-term Debt [Line Items]          
Short-term debt $ 553   $ 553   $ 490
v3.21.2
Short-Term Debt and Liquidity (Short-Term Debt Activity) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Short-term Debt [Line Items]    
Average daily amount outstanding $ 665 $ 257
Weighted-average interest rate 0.22% 1.70%
Short-term Debt, Maximum Amount Outstanding During Period $ 1,134 $ 908
Peak interest rate 0.33% 5.05%
Ameren (parent)    
Short-term Debt [Line Items]    
Average daily amount outstanding $ 404 $ 62
Weighted-average interest rate 0.23% 2.04%
Short-term Debt, Maximum Amount Outstanding During Period $ 650 $ 425
Peak interest rate 0.33% 3.30%
Union Electric Company    
Short-term Debt [Line Items]    
Average daily amount outstanding $ 121 $ 142
Weighted-average interest rate 0.22% 1.76%
Short-term Debt, Maximum Amount Outstanding During Period $ 546 $ 573
Peak interest rate 0.25% 5.05%
Ameren Illinois Company    
Short-term Debt [Line Items]    
Average daily amount outstanding $ 140 $ 53
Weighted-average interest rate 0.22% 1.10%
Short-term Debt, Maximum Amount Outstanding During Period $ 485 $ 243
Peak interest rate 0.25% 3.40%
v3.21.2
Long-Term debt and Equity Financings (Narrative) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Sep. 03, 2021
May 31, 2021
Feb. 11, 2021
Long-Term Debt And Equity Financings [Line Items]                  
Shares issued under the DRPlus and 401(k) plan   100   100 400 500      
Stock Issued During Period, Shares, Other   0 500 0 500 500      
Stock Issued During Period, Value, Other     $ 33            
Shares issued under forward sale agreement (in shares)   0   0 1,600 0      
Common Stock Value Issued Through Forward Sale Agreement                 $ 113
Maximum Value Of Shares To Be Issued Under ATM Program               $ 750  
Stock Issued During Period, Shares, New Issues   400   0 1,800 0      
Payments of Stock Issuance Costs   $ 1     $ 2        
Quantity of shares issued under ATM program   400     1,800        
Value of shares issued under ATM program   $ 27     $ 148        
Forward Contract Indexed to Issuer's Equity, Indexed Shares (in shares)             400    
Forward Contract Indexed to Issuer's Equity, Forward Rate Per Share $ 87.87                
Forward Contract Indexed to Issuer's Equity, Settlement Alternatives, Shares, at Fair Value 400 400     400        
Forward Contract Indexed to Issuer's Equity, Settlement Alternatives, Cash, at Fair Value $ 31 $ 31     $ 31        
Other Paid-in Capital                  
Long-Term Debt And Equity Financings [Line Items]                  
Shares issued under the DRPlus and 401(k) plan   12   $ 10 36 $ 37      
Shares issued under the ATM program   27   0 148 0      
Ameren (parent) | Unsecured Debt | Senior Secured Notes 1.75% Due 2028 [Domain]                  
Long-Term Debt And Equity Financings [Line Items]                  
Debt Instrument, Face Amount $ 450 $ 450     $ 450        
Debt Instrument, Interest Rate, Stated Percentage 1.75% 1.75%     1.75%        
Proceeds from Issuance of Debt         $ 447        
Union Electric Company                  
Long-Term Debt And Equity Financings [Line Items]                  
Capital contributions from parent         183 0      
Union Electric Company | Other Paid-in Capital                  
Long-Term Debt And Equity Financings [Line Items]                  
Capital contributions from parent   $ 0   0 183 0      
Union Electric Company | Secured Debt | Senior Secured Notes 2.15% Due 2032                  
Long-Term Debt And Equity Financings [Line Items]                  
Debt Instrument, Face Amount $ 525 $ 525     $ 525        
Debt Instrument, Interest Rate, Stated Percentage 2.15% 2.15%     2.15%        
Proceeds from Issuance of Secured Debt         $ 521        
Ameren Illinois Company                  
Long-Term Debt And Equity Financings [Line Items]                  
Capital contributions from parent         145 350      
Redemption of preferred stock         13 0      
Ameren Illinois Company | Other Paid-in Capital                  
Long-Term Debt And Equity Financings [Line Items]                  
Capital contributions from parent   $ 75   $ 0 $ 145 $ 350      
Ameren Illinois Company | Series6625                  
Long-Term Debt And Equity Financings [Line Items]                  
Preferred Stock, Dividend Rate, Percentage         6.625%        
Redemption of preferred stock         $ 12        
Ameren Illinois Company | Series775                  
Long-Term Debt And Equity Financings [Line Items]                  
Preferred Stock, Dividend Rate, Percentage         7.75%        
Redemption of preferred stock         $ 1        
Ameren Illinois Company | Secured Debt | First Mortgage Bonds, 1.55%, 350 Million Due 2051                  
Long-Term Debt And Equity Financings [Line Items]                  
Debt Instrument, Face Amount $ 350 $ 350     $ 350        
Debt Instrument, Interest Rate, Stated Percentage 2.90% 2.90%     2.90%        
Proceeds from Issuance of Secured Debt         $ 345        
Ameren Illinois Company | Secured Debt | First Mortgage Bonds, 0.375%, 100 Million Due 2023                  
Long-Term Debt And Equity Financings [Line Items]                  
Debt Instrument, Face Amount $ 100 $ 100     $ 100        
Debt Instrument, Interest Rate, Stated Percentage 0.375% 0.375%     0.375%        
Proceeds from Issuance of Secured Debt         $ 100        
v3.21.2
Other Income, Net (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Other Nonoperating Income (Expense) [Line Items]        
Allowance for equity funds used during construction $ 14 $ 12 $ 30 $ 25
Interest income on industrial development revenue bonds 7 7 19 19
Other interest income 0 0 1 2
Non-service cost components of net periodic benefit income 34 32 102 85
Miscellaneous income 3 1 14 10
Donations (1) 0 (5) (14)
Miscellaneous expense (1) (4) (10) (10)
Total Other Income, Net 56 48 151 117
Union Electric Company        
Other Nonoperating Income (Expense) [Line Items]        
Allowance for equity funds used during construction 7 7 17 15
Interest income on industrial development revenue bonds 7 7 19 19
Non-service cost components of net periodic benefit income 13 13 41 32
Miscellaneous income 2 1 3 3
Donations 0 0 (1) (9)
Miscellaneous expense (2) (2) (5) (5)
Total Other Income, Net 27 26 74 55
Defined Benefit Plan, Non-service Cost or Income Components - Tracker (3) (3) (6) (1)
Ameren Illinois Company        
Other Nonoperating Income (Expense) [Line Items]        
Allowance for equity funds used during construction 7 5 13 10
Other interest income 0 0 1 2
Non-service cost components of net periodic benefit income 13 12 41 36
Miscellaneous income 0 1 3 6
Donations (1) 0 (4) (5)
Miscellaneous expense 0 (1) (5) (4)
Total Other Income, Net $ 19 $ 17 $ 49 45
Final Rate Order | Electricity | Union Electric Company        
Other Nonoperating Income (Expense) [Line Items]        
Donations       $ (8)
v3.21.2
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, 2021
MMBTU
MWh
lb
gal
Dec. 31, 2020
MWh
MMBTU
lb
gal
Fuel Oils    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Volume | gal 28 43
Natural Gas    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MMBTU 169 147
Power    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MWh 12 13
Uranium    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Mass | lb 400 365
Union Electric Company | Fuel Oils    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Volume | gal 28 43
Union Electric Company | Natural Gas    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MMBTU 33 33
Union Electric Company | Power    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MWh 6 6
Union Electric Company | Uranium    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Mass | lb 400 365
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 136 114
Ameren Illinois Company | Power    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Energy Measure | MWh 6 7
Ameren Illinois Company | Uranium    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount, Mass | lb 0 0
v3.21.2
Derivative Financial Instruments (Derivative Instruments Carrying Value) (Detail) - Not Designated As Hedging Instrument - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Derivative [Line Items]    
Derivative assets $ 145 $ 22
Derivative liabilities 249 221
Fuel Oils | Other Current Assets    
Derivative [Line Items]    
Derivative assets 9 2
Fuel Oils | Other Assets    
Derivative [Line Items]    
Derivative assets 5 0
Fuel Oils | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 0 7
Fuel Oils | Other Deferred Credits And Liabilities    
Derivative [Line Items]    
Derivative liabilities 0 2
Natural Gas | Other Current Assets    
Derivative [Line Items]    
Derivative assets 68 9
Natural Gas | Other Assets    
Derivative [Line Items]    
Derivative assets 28 4
Natural Gas | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 4 2
Natural Gas | Other Deferred Credits And Liabilities    
Derivative [Line Items]    
Derivative liabilities 2 1
Power | Other Current Assets    
Derivative [Line Items]    
Derivative assets 32 7
Power | Other Assets    
Derivative [Line Items]    
Derivative assets 1 0
Power | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 80 20
Power | Other Deferred Credits And Liabilities    
Derivative [Line Items]    
Derivative liabilities 162 189
Uranium | Other Assets    
Derivative [Line Items]    
Derivative assets 2 0
Uranium | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 1 0
Union Electric Company    
Derivative [Line Items]    
Derivative assets 69 12
Derivative liabilities 98 21
Union Electric Company | Fuel Oils | Other Current Assets    
Derivative [Line Items]    
Derivative assets 9 2
Union Electric Company | Fuel Oils | Other Assets    
Derivative [Line Items]    
Derivative assets 5 0
Union Electric Company | Fuel Oils | Mark-to-market derivative liabilities    
Derivative [Line Items]    
Derivative liabilities 0 7
Union Electric Company | Fuel Oils | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 0 0
Union Electric Company | Fuel Oils | Other Deferred Credits And Liabilities    
Derivative [Line Items]    
Derivative liabilities 0 2
Union Electric Company | Natural Gas | Other Current Assets    
Derivative [Line Items]    
Derivative assets 13 1
Union Electric Company | Natural Gas | Other Assets    
Derivative [Line Items]    
Derivative assets 8 2
Union Electric Company | Natural Gas | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 0 1
Union Electric Company | Natural Gas | Other Deferred Credits And Liabilities    
Derivative [Line Items]    
Derivative liabilities 0 0
Union Electric Company | Power | Other Current Assets    
Derivative [Line Items]    
Derivative assets 31 7
Union Electric Company | Power | Other Assets    
Derivative [Line Items]    
Derivative assets 1 0
Union Electric Company | Power | Mark-to-market derivative liabilities    
Derivative [Line Items]    
Derivative liabilities 75 3
Union Electric Company | Power | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 0 0
Union Electric Company | Power | Other Deferred Credits And Liabilities    
Derivative [Line Items]    
Derivative liabilities 22 8
Union Electric Company | Uranium | Other Assets    
Derivative [Line Items]    
Derivative assets 2 0
Union Electric Company | Uranium | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 1 0
Ameren Illinois Company    
Derivative [Line Items]    
Derivative assets 76 10
Derivative liabilities 151 200
Ameren Illinois Company | Fuel Oils | Other Current Assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Fuel Oils | Other Assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Fuel Oils | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 0 0
Ameren Illinois Company | Fuel Oils | Other Deferred Credits And Liabilities    
Derivative [Line Items]    
Derivative liabilities 0 0
Ameren Illinois Company | Natural Gas | Other Current Assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Natural Gas | Other Assets    
Derivative [Line Items]    
Derivative assets 20 2
Ameren Illinois Company | Natural Gas | Mark-to-market derivative assets    
Derivative [Line Items]    
Derivative assets 55 8
Ameren Illinois Company | Natural Gas | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 4 1
Ameren Illinois Company | Natural Gas | Other Deferred Credits And Liabilities    
Derivative [Line Items]    
Derivative liabilities 2 1
Ameren Illinois Company | Power | Other Current Assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Power | Other Assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Power | Mark-to-market derivative assets    
Derivative [Line Items]    
Derivative assets 1 0
Ameren Illinois Company | Power | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities 5 17
Ameren Illinois Company | Power | Other Deferred Credits And Liabilities    
Derivative [Line Items]    
Derivative liabilities 140 181
Ameren Illinois Company | Uranium | Other Assets    
Derivative [Line Items]    
Derivative assets 0 0
Ameren Illinois Company | Uranium | Other Current Liabilities    
Derivative [Line Items]    
Derivative liabilities $ 0 $ 0
v3.21.2
Derivative Financial Instruments (Offsetting Assets and Liabilities) (Details) - Not Designated As Hedging Instrument - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Derivative [Line Items]    
Gross derivative asset amount recognized on the balance sheet $ 145 $ 22
Gross derivative instruments not offset in the balance sheet 16  
Gross cash collateral received not offset in the balance sheet 5  
Net derivative asset 124  
Gross derivative liability amount recognized on the balance sheet 249 221
Gross derivative instruments not offset in the balance sheet 16  
Gross cash collateral posted not offset in the balance sheet 57  
Net derivative liability 176  
Union Electric Company    
Derivative [Line Items]    
Gross derivative asset amount recognized on the balance sheet 69 12
Gross derivative instruments not offset in the balance sheet 14  
Gross cash collateral received not offset in the balance sheet 2  
Net derivative asset 53  
Gross derivative liability amount recognized on the balance sheet 98 21
Gross derivative instruments not offset in the balance sheet 14  
Gross cash collateral posted not offset in the balance sheet 57  
Net derivative liability 27  
Ameren Illinois Company    
Derivative [Line Items]    
Gross derivative asset amount recognized on the balance sheet 76 10
Gross derivative instruments not offset in the balance sheet 2  
Gross cash collateral received not offset in the balance sheet 3  
Net derivative asset 71  
Gross derivative liability amount recognized on the balance sheet 151 $ 200
Gross derivative instruments not offset in the balance sheet 2  
Gross cash collateral posted not offset in the balance sheet 0  
Net derivative liability $ 149  
v3.21.2
Derivative Financial Instruments (Credit Risk) (Details)
$ in Millions
9 Months Ended
Sep. 30, 2021
USD ($)
Credit Derivatives [Line Items]  
Credit Derivative, Maximum Exposure, Undiscounted $ 127
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure 114
Union Electric Company  
Credit Derivatives [Line Items]  
Credit Derivative, Maximum Exposure, Undiscounted 51
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure 39
Ameren Illinois Company  
Credit Derivatives [Line Items]  
Credit Derivative, Maximum Exposure, Undiscounted 76
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure $ 75
v3.21.2
Derivative Financial Instruments (Derivative Instruments With Credit Risk-Related Contingent Features (Details)
$ in Millions
Sep. 30, 2021
USD ($)
Derivative [Line Items]  
Aggregate Fair Value of Derivative Liabilities $ 51
Cash Collateral Posted 3
Potential Aggregate Amount of Additional Collateral Required 32
Union Electric Company  
Derivative [Line Items]  
Aggregate Fair Value of Derivative Liabilities 45
Cash Collateral Posted 3
Potential Aggregate Amount of Additional Collateral Required 28
Ameren Illinois Company  
Derivative [Line Items]  
Aggregate Fair Value of Derivative Liabilities 6
Cash Collateral Posted 0
Potential Aggregate Amount of Additional Collateral Required $ 4
v3.21.2
Fair Value Measurements (Schedule Of Fair Value Hierarchy Of Assets And Liabilities Measured At Fair Value On Recurring Basis) (Detail) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund $ 1,068 $ 977
Assets fair value 1,213 999
Excluded receivables, payables, and accrued income, net 8 5
Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 743 680
Assets fair value 772 682
Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 325 297
Assets fair value 407 306
Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Assets fair value 34 11
Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 145 22
Derivative liabilities 249 221
Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 29 2
Derivative liabilities 54 14
Commodity Contract | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 82 9
Derivative liabilities 2 2
Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 34 11
Derivative liabilities 193 205
Union Electric Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 1,068 977
Assets fair value 1,137 989
Union Electric Company | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 743 680
Assets fair value 769 682
Union Electric Company | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 325 297
Assets fair value 345 300
Union Electric Company | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Assets fair value 23 7
Union Electric Company | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 69 12
Derivative liabilities 98 21
Union Electric Company | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 26 2
Derivative liabilities 54 14
Union Electric Company | Commodity Contract | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 20 3
Derivative liabilities 0 1
Union Electric Company | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 23 7
Derivative liabilities 44 6
Union Electric Company | Fuel Oils | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 14 2
Derivative liabilities 0 9
Union Electric Company | Fuel Oils | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 14 0
Derivative liabilities 0 6
Union Electric Company | Fuel Oils | Commodity Contract | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Union Electric Company | Fuel Oils | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 2
Derivative liabilities 0 3
Union Electric Company | Natural Gas | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 21 3
Derivative liabilities 0 1
Union Electric Company | Natural Gas | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Union Electric Company | Natural Gas | Commodity Contract | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 20 3
Derivative liabilities 0 1
Union Electric Company | Natural Gas | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 0
Derivative liabilities 0 0
Union Electric Company | Power | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 32 7
Derivative liabilities 97 11
Union Electric Company | Power | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 12 2
Derivative liabilities 54 8
Union Electric Company | Power | Commodity Contract | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Union Electric Company | Power | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 20 5
Derivative liabilities 43 3
Union Electric Company | Uranium | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 2 0
Derivative liabilities 1 0
Union Electric Company | Uranium | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Union Electric Company | Uranium | Commodity Contract | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Union Electric Company | Uranium | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 2 0
Derivative liabilities 1 0
Union Electric Company | Equity Securities | U.S. large capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 743 680
Union Electric Company | Equity Securities | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | U.S. large capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 743 680
Union Electric Company | Equity Securities | Significant Other Observable Inputs (Level 2) | U.S. large capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Equity Securities | Level 3 | U.S. large capitalization    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | US treasury and government securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 141 115
Union Electric Company | Debt Securities | Corporate bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 128 115
Union Electric Company | Debt Securities | Other Debt Securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 56 67
Union Electric Company | Debt Securities | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | US treasury and government securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Corporate bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1) | Other Debt Securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | Significant Other Observable Inputs (Level 2) | US treasury and government securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 141 115
Union Electric Company | Debt Securities | Significant Other Observable Inputs (Level 2) | Corporate bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 128 115
Union Electric Company | Debt Securities | Significant Other Observable Inputs (Level 2) | Other Debt Securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 56 67
Union Electric Company | Debt Securities | Level 3 | US treasury and government securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | Level 3 | Corporate bonds    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Union Electric Company | Debt Securities | Level 3 | Other Debt Securities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Nuclear Decommissioning Trust Fund 0 0
Ameren Illinois Company    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets fair value 76 10
Ameren Illinois Company | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets fair value 3 0
Ameren Illinois Company | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets fair value 62 6
Ameren Illinois Company | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets fair value 11 4
Ameren Illinois Company | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 151 200
Ameren Illinois Company | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 0 0
Ameren Illinois Company | Commodity Contract | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 2 1
Ameren Illinois Company | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative liabilities 149 199
Ameren Illinois Company | Natural Gas | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 75 10
Derivative liabilities 6 2
Ameren Illinois Company | Natural Gas | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 3 0
Derivative liabilities 0 0
Ameren Illinois Company | Natural Gas | Commodity Contract | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 62 6
Derivative liabilities 2 1
Ameren Illinois Company | Natural Gas | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 10 4
Derivative liabilities 4 1
Ameren Illinois Company | Power | Commodity Contract    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 0
Derivative liabilities 145 198
Ameren Illinois Company | Power | Commodity Contract | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Ameren Illinois Company | Power | Commodity Contract | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 0 0
Derivative liabilities 0 0
Ameren Illinois Company | Power | Commodity Contract | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative assets 1 0
Derivative liabilities $ 145 $ 198
v3.21.2
Fair Value Measurements (Schedule Of Changes In The Fair Value Of Financial Assets And Liabilities Classified As Level Three In The Fair Value Hierarchy) (Detail) - Power - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ (171) $ (213) $ (196) $ (211)
Included in regulatory assets/liabilities 3 10 21 16
Settlements, assets 1   8  
Settlement, liabilities   0   (8)
Change in unrealized gains (losses) related to assets/liabilities held at period end 2 9 21 5
Ending balance (167) (203) (167) (203)
Union Electric Company        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (5) 16 2 13
Included in regulatory assets/liabilities (16) (2) (22) 18
Settlement, liabilities (2) (4) (3) (21)
Change in unrealized gains (losses) related to assets/liabilities held at period end (17) (2) (21) 6
Ending balance (23) 10 (23) 10
Ameren Illinois Company        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (166) (229) (198) (224)
Included in regulatory assets/liabilities 19 12 43 (2)
Settlements, assets 3 4 11 13
Change in unrealized gains (losses) related to assets/liabilities held at period end 19 11 42 (1)
Ending balance $ (144) $ (213) $ (144) $ (213)
v3.21.2
Fair Value Measurements (Schedule Of Valuation Process And Unobservable Inputs) (Detail) - Power
$ in Millions
Sep. 30, 2021
USD ($)
$ / MWh
$ / MMBTU
Dec. 31, 2020
USD ($)
$ / MWh
$ / MMBTU
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Derivative assets | $ $ 21 $ 5
Derivative liabilities | $ $ (188) $ (201)
Commodity Forward Price | Discounted Cash Flow | Minimum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input 28 23
Commodity Forward Price | Discounted Cash Flow | Maximum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input 77 37
Commodity Forward Price | Discounted Cash Flow | Weighted Average    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input 40 29
Nodal Basis | Discounted Cash Flow | Minimum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input (4) (6)
Nodal Basis | Discounted Cash Flow | Maximum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input 0 0
Nodal Basis | Discounted Cash Flow | Weighted Average    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input (2) (2)
Commodity Future Price | Discounted Cash Flow | Minimum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input | $ / MMBTU (4) 2
Commodity Future Price | Discounted Cash Flow | Maximum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input | $ / MMBTU (2) 6
Commodity Future Price | Discounted Cash Flow | Weighted Average    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Measurement input | $ / MMBTU (3) 3
v3.21.2
Fair Value Measurements (Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Assets and Liabilities) (Detail) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash $ 145 $ 301 $ 168 $ 176
Short-term debt 553 490    
Union Electric Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 11 145 10 39
Advances to money pool 24 139    
Ameren Illinois Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 122 147 $ 147 $ 125
Advances to money pool 41 0    
Borrowings from money pool 0 19    
Carrying Amount        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 145 301    
Investments in industrial development revenue bonds 256 256    
Short-term debt 553 490    
Long-term debt (including current portion) 12,501 11,086    
Debt Issuance Costs, Net 93 84    
Carrying Amount | Union Electric Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 11 145    
Advances to money pool 24 139    
Investments in industrial development revenue bonds 256 256    
Long-term debt (including current portion) 5,626 5,104    
Debt Issuance Costs, Net 39 36    
Carrying Amount | Ameren Illinois Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 122 147    
Advances to money pool 41      
Long-term debt (including current portion) 4,391 3,946    
Debt Issuance Costs, Net 40 36    
Borrowings from money pool   19    
Fair Value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 145 301    
Investments, Fair Value Disclosure 256 256    
Short-term Debt, Fair Value 553 490    
Long-term Debt, Fair Value 14,096 13,315    
Fair Value | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 145 301    
Investments, Fair Value Disclosure 0 0    
Short-term Debt, Fair Value 0 0    
Long-term Debt, Fair Value 0 0    
Fair Value | Significant Other Observable Inputs (Level 2)        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 0 0    
Investments, Fair Value Disclosure 256 256    
Short-term Debt, Fair Value 553 490    
Long-term Debt, Fair Value 13,576 12,778    
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 520 537    
Fair Value | Union Electric Company        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 11 145    
Advances to money pool 24 139    
Investments, Fair Value Disclosure 256 256    
Long-term Debt, Fair Value 6,392 6,160    
Fair Value | Union Electric Company | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 11 145    
Advances to money pool 0 0    
Investments, Fair Value Disclosure 0 0    
Long-term Debt, Fair Value 0 0    
Fair Value | Union Electric Company | Significant Other Observable Inputs (Level 2)        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 0 0    
Advances to money pool 24 139    
Investments, Fair Value Disclosure 256 256    
Long-term Debt, Fair Value 6,392 6,160    
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    
Advances to money pool 0 0    
Investments, Fair Value Disclosure 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 122 147    
Advances to money pool 41      
Long-term Debt, Fair Value 5,019 4,822    
Borrowings from money pool   19    
Fair Value | Ameren Illinois Company | Quoted Prices In Active Markets For Identical Assets or Liabilities (Level 1)        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 122 147    
Advances to money pool 0      
Long-term Debt, Fair Value 0 0    
Borrowings from money pool   0    
Fair Value | Ameren Illinois Company | Significant Other Observable Inputs (Level 2)        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash, cash equivalents, and restricted cash 0 0    
Advances to money pool 41      
Long-term Debt, Fair Value 5,019 4,822    
Borrowings from money pool   19    
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    
Advances to money pool 0      
Long-term Debt, Fair Value $ 0 0    
Borrowings from money pool   $ 0    
v3.21.2
Related Party Transactions (Narrative) (Details) - Ameren Illinois Company
$ in Millions
1 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2021
MWh
$ / MWh
April 2021 Procurement | Ameren Illinois Power Supply Agreements with Ameren Missouri    
Related Party Transaction [Line Items]    
Related Party Long Term Contract For Purchase of Electric Power | MWh   33,600
Related Party Long Term Contract For Purchase of Electric Power Rate | $ / MWh   34
September 2021 Procurement Event | Ameren Illinois Power Supply Agreements with Ameren Missouri    
Related Party Transaction [Line Items]    
Related Party Long Term Contract For Purchase of Electric Power | MWh   136,000
Related Party Long Term Contract For Purchase of Electric Power Rate | $ / MWh   37
September 2021 Procurement | Ameren Illinois Capacity Supply Agreements with Ameren Missouri    
Related Party Transaction [Line Items]    
Energy Supply Agreements Amount | $ $ 2  
v3.21.2
Related Party Transactions (Schedule of Affiliate Receivables and Payables) (Details) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Union Electric Company    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current $ 47 $ 46
Accounts Receivable, Related Parties, Current 51 57
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 0 9
Ameren Illinois Company    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current 59 51
Accounts Receivable, Related Parties, Current 94 64
Ameren Illinois Company | Income taxes payable to parent    
Related Party Transaction [Line Items]    
Accounts Payable, Related Parties, Current 12 6
Ameren Illinois Company | Income taxes receivable from parent    
Related Party Transaction [Line Items]    
Accounts Receivable, Related Parties, Current $ 44 $ 15
v3.21.2
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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Union Electric Company | Ameren Missouri Power Supply Agreements with Ameren Illinois        
Related Party Transaction [Line Items]        
Operating Revenues $ 5 $ 5 $ 10 $ 11
Union Electric Company | Ameren Missouri and Ameren Illinois Rent and Facility Services        
Related Party Transaction [Line Items]        
Operating Revenues 6 6 20 19
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 11 11 30 31
Union Electric Company | Ameren Missouri and Ameren Illinois Transmission Services from ATXI        
Related Party Transaction [Line Items]        
Operating Expenses 1   3  
Union Electric Company | Purchased Power        
Related Party Transaction [Line Items]        
Operating Expenses 1   3  
Union Electric Company | Ameren Services Support Services Agreement        
Related Party Transaction [Line Items]        
Operating Expenses 41 36 110 103
Union Electric Company | Total Related Party Other Operations and Maintenance        
Related Party Transaction [Line Items]        
Operating Expenses 41 36 110 103
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 3 3
Ameren Illinois Company | Ameren Missouri and Ameren Illinois Miscellaneous Support Services        
Related Party Transaction [Line Items]        
Operating Revenues 3 1 5 1
Ameren Illinois Company | Total Related Party Operating Revenues        
Related Party Transaction [Line Items]        
Operating Revenues 3 1 5 2
Ameren Illinois Company | Ameren Illinois Power Supply Agreements with Ameren Missouri        
Related Party Transaction [Line Items]        
Operating Expenses 5 5 10 11
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 5 5 11 12
Ameren Illinois Company | Ameren Services Support Services Agreement        
Related Party Transaction [Line Items]        
Operating Expenses 37 34 101 98
Ameren Illinois Company | Total Related Party Other Operations and Maintenance        
Related Party Transaction [Line Items]        
Operating Expenses 38 35 104 101
Ameren Illinois Company | Money pool borrowings (advances)        
Related Party Transaction [Line Items]        
Interest Charges (Income) $ 1 $ 1 $ 1 $ 1
v3.21.2
Commitments And Contingencies (Environmental Matters) (Detail)
$ in Millions
9 Months Ended
Sep. 30, 2021
USD ($)
numberOfWindGenerationFacilities
center
scrubber
site
Dec. 31, 2020
USD ($)
Loss Contingencies [Line Items]    
Asset Retirement Obligation $ 764 $ 756
CEJA | Electricity, Generation    
Loss Contingencies [Line Items]    
Number of Ameren Missouri Natural Gas Energy Centers Subject to CEJA | numberOfWindGenerationFacilities 5  
Number of Early Energy Center Closures | numberOfWindGenerationFacilities 1  
Minimum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations $ 175  
Maximum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations $ 225  
Union Electric Company    
Loss Contingencies [Line Items]    
Number of Energy Center Scrubbers | scrubber 2  
Number of Energy Centers Constructing Wastewater Treatment Facilities | center 3  
Number of energy centers | center 4  
Number of Energy Centers Closing Surface Impoundments | center 3  
Asset Retirement Obligation $ 759 751
Union Electric Company | Minimum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations 175  
Union Electric Company | Maximum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations 225  
Ameren Illinois Company    
Loss Contingencies [Line Items]    
Asset Retirement Obligation 5 $ 5
Coal Combustion Residuals Estimate | Union Electric Company | Minimum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations 75  
Coal Combustion Residuals Estimate | Union Electric Company | Maximum    
Loss Contingencies [Line Items]    
Estimated capital costs to comply with existing and known federal and state air emissions regulations 100  
Manufactured Gas Plant    
Loss Contingencies [Line Items]    
Accrual for environmental loss contingencies $ 80  
Manufactured Gas Plant | Ameren Illinois Company    
Loss Contingencies [Line Items]    
Number of remediation sites | site 44  
Accrual for environmental loss contingencies $ 80  
Manufactured Gas Plant | Ameren Illinois Company | Minimum    
Loss Contingencies [Line Items]    
Estimate of possible loss 80  
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]    
Estimated capital costs to comply with preliminary court order 1,000  
Rate Base 400  
Rush Island Energy Center | Union Electric Company | Minimum    
Loss Contingencies [Line Items]    
Estimated operations and maintenance costs to comply with preliminary court order 30  
Rush Island Energy Center | Union Electric Company | Maximum    
Loss Contingencies [Line Items]    
Estimated operations and maintenance costs to comply with preliminary court order 50  
New CCR Rules Estimate    
Loss Contingencies [Line Items]    
Asset Retirement Obligation 88  
New CCR Rules Estimate | Union Electric Company    
Loss Contingencies [Line Items]    
Asset Retirement Obligation $ 88  
v3.21.2
Callaway Energy Center (Insurance Disclosure) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Nuclear Waste Matters [Line Items]    
Decommissioning Cost $ 7.0  
Frequency of Decommissioning Cost Study 3 years  
Miscellaneous accounts receivable $ 111.0 $ 65.0
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 1  
Number Of Additional Weeks After Initial Indemnity Coverage For Power Outage 1.365  
Union Electric Company    
Nuclear Waste Matters [Line Items]    
Miscellaneous accounts receivable $ 93.0 $ 36.0
Nuclear Plant | Union Electric Company    
Nuclear Waste Matters [Line Items]    
Estimated Nuclear Generator Repairs 60.0  
Accidental Outage - Nuclear Electric Insurance Ltd    
Nuclear Waste Matters [Line Items]    
Amount Of Weekly Indemnity Coverage Commencing Twelve Weeks After Power Outage 4.5  
Insurance Aggregate Maximum Coverage 490.0  
Insurance Maximum Coverage per Incident 7.0  
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  
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 13,073.0  
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 13,523.0  
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 25.0  
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]    
Miscellaneous accounts receivable 35.0  
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  
v3.21.2
Retirement Benefits (Components Of Net Periodic Benefit Cost) (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Total non-service cost components $ (34) $ (32) $ (102) $ (85)
Pension Plan        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Service Cost 33 28 100 83
Interest cost 38 43 114 130
Expected return on plan assets (74) (73) (223) (218)
Prior service benefit 0 0 0 (1)
Actuarial loss (gain) 18 15 55 45
Total non-service cost components (18) (15) (54) (44)
Net periodic benefit cost (income) 15 13 46 39
Other Postretirement Benefit Plan, Defined Benefit        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Service Cost 5 4 17 14
Interest cost 9 10 25 29
Expected return on plan assets (20) (20) (60) (60)
Prior service benefit (1) (1) (3) (3)
Actuarial loss (gain) (1) (3) (4) (7)
Total non-service cost components (13) (14) (42) (41)
Net periodic benefit cost (income) $ (8) $ (10) $ (25) $ (27)
v3.21.2
Retirement Benefits (Summary of Benefit Plan Costs Incurred) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Pension Plan        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost $ 15 $ 13 $ 46 $ 39
Pension Plan | Union Electric Company        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost 7 5 22 16
Pension Plan | Ameren Illinois Company        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost 8 8 25 24
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 0 0 (1) (1)
Other Postretirement Benefit Plan, Defined Benefit        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost (8) (10) (25) (27)
Other Postretirement Benefit Plan, Defined Benefit | Union Electric Company        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost (1) (2) (3) (4)
Other Postretirement Benefit Plan, Defined Benefit | Ameren Illinois Company        
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]        
Net periodic benefit cost (8) (8) (23) (24)
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 $ 1 $ 0 $ 1 $ 1
v3.21.2
Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
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%) 0.00% 0.00%
Amortization of excess deferred taxes (8.00%) (9.00%) (9.00%) (9.00%)
Depreciation differences 0.00% 0.00%    
Renewable and other tax credits (2.00%) (1.00%) (3.00%) (1.00%)
State tax 4.00% 4.00% 5.00% 5.00%
Stock-based compensation 0.00% 1.00% (1.00%) (1.00%)
Effective income tax rate 14.00% 15.00% 13.00% 15.00%
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%) 0.00% (1.00%)
Amortization of excess deferred taxes (17.00%) (16.00%) (17.00%) (16.00%)
Depreciation differences 0.00% 0.00%    
Renewable and other tax credits (8.00%) (2.00%) (8.00%) (1.00%)
State tax 4.00% 4.00% 3.00% 3.00%
Stock-based compensation 0.00% 0.00% 0.00% 0.00%
Effective income tax rate (1.00%) 6.00% (1.00%) 6.00%
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%) (3.00%) (3.00%) (3.00%)
Depreciation differences (1.00%) (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%
Effective income tax rate 25.00% 24.00% 25.00% 25.00%
v3.21.2
Supplemental Information (Cash and Cash Equivalents) (Details) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Dec. 31, 2019
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items]        
Cash and cash equivalents $ 7 $ 139    
Restricted cash included in “Other current assets” 16 17    
Restricted cash included in “Other assets” 116 141    
Restricted cash included in “Nuclear decommissioning trust fund” 6 4    
Total cash, cash equivalents, and restricted cash 145 301 $ 168 $ 176
Union Electric Company        
Schedule of Cash and Cash Equivalents Including Restricted Cash [Line Items]        
Cash and cash equivalents 0 136    
Restricted cash included in “Other current assets” 5 5    
Restricted cash included in “Other assets” 0 0    
Restricted cash included in “Nuclear decommissioning trust fund” 6 4    
Total cash, cash equivalents, and restricted cash 11 145 10 39
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” 6 6    
Restricted cash included in “Other assets” 116 141    
Restricted cash included in “Nuclear decommissioning trust fund” 0 0    
Total cash, cash equivalents, and restricted cash $ 122 $ 147 $ 147 $ 125
v3.21.2
Supplemental Information (Allowance for Doubtful Accounts) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Allowance for Doubtful Accounts Receivable [Roll Forward]          
Beginning of period $ 42 $ 25 $ 50 $ 17  
Bad debt expense 7 21 8 31  
Net write-offs (13) (2) (22) (4)  
End of period 36 44 36 44  
Payables for purchased receivables 35   35   $ 28
Union Electric Company          
Allowance for Doubtful Accounts Receivable [Roll Forward]          
Beginning of period 16 9 16 7  
Bad debt expense 2 5 5 9  
Net write-offs (4) 0 (7) (2)  
End of period 14 14 14 14  
Ameren Illinois Company          
Allowance for Doubtful Accounts Receivable [Roll Forward]          
Beginning of period 26 16 34 10  
Bad debt expense 5 16 3 22  
Net write-offs (9) (2) (15) (2)  
End of period 22 $ 30 22 $ 30  
Payables for purchased receivables $ 35   $ 35   $ 28
v3.21.2
Supplemental Information (Supplemental Cash Flow Information) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Supplemental Cash Flow Information [Line Items]    
Accrued capital expenditures, including wind generation expenditures $ 396 $ 311
Net realized and unrealized gain – nuclear decommissioning trust fund 85 43
Issuance of common stock for stock-based compensation 33 38
Union Electric Company    
Supplemental Cash Flow Information [Line Items]    
Accrued capital expenditures, including wind generation expenditures 209 115
Net realized and unrealized gain – nuclear decommissioning trust fund 85 43
Issuance of common stock for stock-based compensation 0 0
Ameren Illinois Company    
Supplemental Cash Flow Information [Line Items]    
Accrued capital expenditures, including wind generation expenditures 182 191
Net realized and unrealized gain – nuclear decommissioning trust fund 0 0
Issuance of common stock for stock-based compensation $ 0 $ 0
v3.21.2
Supplemental Information (Schedule of Asset Retirement Obligations) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]    
Asset Retirement Obligation, Beginning Balance $ 756  
Liabilities incurred 18  
Liabilities settled (23)  
Accretion 23  
Change in estimates (10)  
Asset Retirement Obligation, Ending Balance 764  
Other current liabilities 464 $ 407
Union Electric Company    
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]    
Asset Retirement Obligation, Beginning Balance 751  
Liabilities incurred 18  
Liabilities settled (23)  
Accretion 23  
Change in estimates (10)  
Asset Retirement Obligation, Ending Balance 759  
Other current liabilities 111 87
Ameren Illinois Company    
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]    
Asset Retirement Obligation, Beginning Balance 5  
Liabilities incurred 0  
Liabilities settled 0  
Accretion 0  
Change in estimates 0  
Asset Retirement Obligation, Ending Balance 5  
Other current liabilities 170 184
Asset Retirement Obligation Balance    
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]    
Other current liabilities $ 59 $ 60
v3.21.2
Supplemental Information (Narrative) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount $ 5 $ 8  
Deferred Compensation Liability, Classified, Noncurrent $ 91   $ 90
January 1, 2021 Issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period 38 months    
Performance Shares | January 1, 2021 Issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares granted (in shares) 293,058    
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 | January 1, 2021 Issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares granted (in shares) 251,177    
Performance Shares | Renewable generation and energy storage installation targets | January 1, 2021 Issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares granted (in shares) 41,881    
Restricted Stock Units (RSUs) | January 1, 2021 Issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares granted (in shares) 125,562    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted in Period, Fair Value $ 10    
v3.21.2
Supplemental Information (Schedule Of Excise Taxes) (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Accounting Policies [Line Items]        
Excise tax expense $ 81 $ 71 $ 213 $ 198
Union Electric Company        
Accounting Policies [Line Items]        
Excise tax expense 54 45 120 111
Ameren Illinois Company        
Accounting Policies [Line Items]        
Excise tax expense $ 27 $ 26 $ 93 $ 87
v3.21.2
Supplemental Information (Earnings Per Share) (Details) - shares
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Earnings Per Share Reconciliation [Abstract]        
Weighted-average Common Shares Outstanding – Basic 257,300,000 247,100,000 255,900,000 246,800,000
Assumed settlement of performance share units and restricted stock units 1,300,000 1,500,000 1,300,000 1,200,000
Dilutive effect of forward sale agreements 0 600,000 0 400,000
Weighted-average Common Shares Outstanding – Diluted 258,600,000 249,200,000 257,200,000 248,400,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) 0 0 0 0
v3.21.2
Segment Information (Schedule Of Segment Reporting Information By Segment) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Segment Reporting Information [Line Items]        
Revenues $ 1,811 $ 1,628 $ 4,849 $ 4,466
Net income (loss) attributable to common shareholders 425 367 865 756
Capital expenditures 850 656 2,613 1,884
Wind generation expenditures 98   515 0
Union Electric Company        
Segment Reporting Information [Line Items]        
Revenues 1,129 1,001 2,642 2,473
Net income (loss) attributable to common shareholders 375 297 533 439
Wind generation expenditures 98   515 0
Ameren Illinois Company        
Segment Reporting Information [Line Items]        
Revenues 645 589 2,097 1,879
Net income (loss) attributable to common shareholders 79 77 314 280
Capital expenditures 380 370 1,026 1,031
Operating Segments | Union Electric Company        
Segment Reporting Information [Line Items]        
Revenues 1,118 990 2,612 2,442
Net income (loss) attributable to common shareholders 375 297 533 439
Capital expenditures 466 262 1,567 778
Operating Segments | Ameren Illinois Electric Distribution        
Segment Reporting Information [Line Items]        
Revenues 425 390 1,222 1,131
Net income (loss) attributable to common shareholders 36 34 123 107
Capital expenditures 143 129 429 391
Operating Segments | Ameren Illinois Natural Gas        
Segment Reporting Information [Line Items]        
Revenues 127 122 642 533
Net income (loss) attributable to common shareholders (8) 2 75 66
Capital expenditures 93 81 202 221
Operating Segments | Ameren Transmission        
Segment Reporting Information [Line Items]        
Revenues 141 126 373 360
Net income (loss) attributable to common shareholders 73 62 175 168
Capital expenditures 154 185 426 490
Operating Segments | Ameren Illinois Company | Ameren Illinois Electric Distribution        
Segment Reporting Information [Line Items]        
Revenues 428 391 1,227 1,133
Net income (loss) attributable to common shareholders 36 34 123 107
Capital expenditures 143 129 429 391
Operating Segments | Ameren Illinois Company | Ameren Illinois Natural Gas        
Segment Reporting Information [Line Items]        
Revenues 127 122 642 533
Net income (loss) attributable to common shareholders (8) 2 75 66
Capital expenditures 93 81 202 221
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission        
Segment Reporting Information [Line Items]        
Revenues 90 76 228 213
Net income (loss) attributable to common shareholders 51 41 116 107
Capital expenditures 144 160 395 419
Intersegment Eliminations        
Segment Reporting Information [Line Items]        
Intersegment revenues (33) (27) (88) (73)
Capital expenditures (8) (3) (14) 0
Intersegment Eliminations | Union Electric Company        
Segment Reporting Information [Line Items]        
Intersegment revenues (11) (11) (30) (31)
Intersegment Eliminations | Ameren Illinois Electric Distribution        
Segment Reporting Information [Line Items]        
Intersegment revenues (3) (1) (5) (2)
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 (19) (15) (53) (40)
Intersegment Eliminations | Ameren Illinois Company        
Segment Reporting Information [Line Items]        
Intersegment revenues (18) (15) (49) (39)
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 (18) (15) (49) (39)
Other        
Segment Reporting Information [Line Items]        
Net income (loss) attributable to common shareholders (51) (28) (41) (24)
Capital expenditures $ 2 $ 2 $ 3 $ 4
v3.21.2
Segment Information (Disaggregation of Revenue) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Disaggregation of Revenue [Line Items]        
Revenues $ 1,811 $ 1,628 $ 4,849 $ 4,466
Revenues 1,811 1,628 4,849 4,466
Revenues from alternative revenue programs (95) (102) (6) (16)
Other revenues not from contracts with customers 13 11 82 28
Union Electric Company        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs 6 1 (9) (8)
Other revenues not from contracts with customers 7 6 71 21
Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs (97) (110) (2) (59)
Other revenues not from contracts with customers 6 5 9 6
Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs (5) 3 0 17
Other revenues not from contracts with customers 0 0 2 1
Ameren Transmission        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs 1 4 5 34
Other revenues not from contracts with customers 0 0 0 0
Electricity        
Disaggregation of Revenue [Line Items]        
Revenues 1,668 1,489 4,108 3,846
Revenues 1,668 1,489 4,108 3,846
Electricity | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 795 689 1,882 1,775
Electricity | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 555 470 1,301 1,193
Electricity | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 124 113 315 298
Electricity | Other        
Disaggregation of Revenue [Line Items]        
Revenues 194 217 610 580
Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 143 139 741 620
Revenues 143 139 741 620
Natural Gas | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 84 76 492 427
Natural Gas | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 27 21 139 114
Natural Gas | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 3 6 22 14
Natural Gas | Other        
Disaggregation of Revenue [Line Items]        
Revenues 29 36 88 65
Ameren Illinois Company        
Disaggregation of Revenue [Line Items]        
Revenues 645 589 2,097 1,879
Revenues 645 589 2,097 1,879
Revenues from alternative revenue programs (99) (102) 2 (13)
Other revenues not from contracts with customers 6 5 11 7
Ameren Illinois Company | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 333 302 1,143 1,039
Ameren Illinois Company | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 166 145 518 459
Ameren Illinois Company | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 29 31 114 102
Ameren Illinois Company | Other        
Disaggregation of Revenue [Line Items]        
Revenues 117 111 322 279
Ameren Illinois Company | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs (97) (110) (2) (59)
Other revenues not from contracts with customers 6 5 9 6
Ameren Illinois Company | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs (5) 3 0 17
Other revenues not from contracts with customers 0 0 2 1
Ameren Illinois Company | Ameren Illinois Transmission        
Disaggregation of Revenue [Line Items]        
Revenues from alternative revenue programs 3 5 4 29
Other revenues not from contracts with customers 0 0 0 0
Ameren Illinois Company | Electricity        
Disaggregation of Revenue [Line Items]        
Revenues 518 467 1,455 1,346
Ameren Illinois Company | Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 127 122 642 533
Operating Segments | Union Electric Company        
Disaggregation of Revenue [Line Items]        
Revenues 1,118 990 2,612 2,442
Revenues 1,129 1,001 2,642 2,473
Operating Segments | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues 425 390 1,222 1,131
Revenues 428 391 1,227 1,133
Operating Segments | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 127 122 642 533
Revenues 127 122 642 533
Operating Segments | Ameren Transmission        
Disaggregation of Revenue [Line Items]        
Revenues 141 126 373 360
Revenues 160 141 426 400
Operating Segments | Electricity | Union Electric Company        
Disaggregation of Revenue [Line Items]        
Revenues 1,113 984 2,543 2,386
Operating Segments | Electricity | Union Electric Company | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 537 455 1,177 1,111
Operating Segments | Electricity | Union Electric Company | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 412 343 899 828
Operating Segments | Electricity | Union Electric Company | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 98 87 221 207
Operating Segments | Electricity | Union Electric Company | Other        
Disaggregation of Revenue [Line Items]        
Revenues 66 99 246 240
Operating Segments | Electricity | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues 428 391 1,227 1,133
Operating Segments | Electricity | Ameren Illinois Electric Distribution | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 258 234 705 664
Operating Segments | Electricity | Ameren Illinois Electric Distribution | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 143 127 402 365
Operating Segments | Electricity | Ameren Illinois Electric Distribution | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 26 26 94 91
Operating Segments | Electricity | Ameren Illinois Electric Distribution | Other        
Disaggregation of Revenue [Line Items]        
Revenues 1 4 26 13
Operating Segments | Electricity | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electricity | Ameren Illinois Natural Gas | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electricity | Ameren Illinois Natural Gas | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electricity | Ameren Illinois Natural Gas | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electricity | Ameren Illinois Natural Gas | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electricity | Ameren Transmission        
Disaggregation of Revenue [Line Items]        
Revenues 160 141 426 400
Operating Segments | Electricity | Ameren Transmission | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electricity | Ameren Transmission | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electricity | Ameren Transmission | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Electricity | Ameren Transmission | Other        
Disaggregation of Revenue [Line Items]        
Revenues 160 141 426 400
Operating Segments | Natural Gas | Union Electric Company        
Disaggregation of Revenue [Line Items]        
Revenues 16 17 99 87
Operating Segments | Natural Gas | Union Electric Company | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 9 8 54 52
Operating Segments | Natural Gas | Union Electric Company | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 4 3 23 20
Operating Segments | Natural Gas | Union Electric Company | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 1 2 3
Operating Segments | Natural Gas | Union Electric Company | Other        
Disaggregation of Revenue [Line Items]        
Revenues 3 5 20 12
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 127 122 642 533
Operating Segments | Natural Gas | Ameren Illinois Natural Gas | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 75 68 438 375
Operating Segments | Natural Gas | Ameren Illinois Natural Gas | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 23 18 116 94
Operating Segments | Natural Gas | Ameren Illinois Natural Gas | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 3 5 20 11
Operating Segments | Natural Gas | Ameren Illinois Natural Gas | Other        
Disaggregation of Revenue [Line Items]        
Revenues 26 31 68 53
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 428 391 1,227 1,133
Operating Segments | Ameren Illinois Company | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 127 122 642 533
Operating Segments | Ameren Illinois Company | Ameren Illinois Transmission        
Disaggregation of Revenue [Line Items]        
Revenues 90 76 228 213
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues 428 391 1,227 1,133
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 258 234 705 664
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 143 127 402 365
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 26 26 94 91
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Electric Distribution | Other        
Disaggregation of Revenue [Line Items]        
Revenues 1 4 26 13
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Transmission        
Disaggregation of Revenue [Line Items]        
Revenues 108 91 277 252
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Transmission | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Transmission | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Transmission | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Ameren Illinois Company | Electricity | Ameren Illinois Transmission | Other        
Disaggregation of Revenue [Line Items]        
Revenues 108 91 277 252
Operating Segments | Ameren Illinois Company | Natural Gas | Ameren Illinois Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 127 122 642 533
Operating Segments | Ameren Illinois Company | Natural Gas | Ameren Illinois Natural Gas | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 75 68 438 375
Operating Segments | Ameren Illinois Company | Natural Gas | Ameren Illinois Natural Gas | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 23 18 116 94
Operating Segments | Ameren Illinois Company | Natural Gas | Ameren Illinois Natural Gas | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 3 5 20 11
Operating Segments | Ameren Illinois Company | Natural Gas | Ameren Illinois Natural Gas | Other        
Disaggregation of Revenue [Line Items]        
Revenues 26 31 68 53
Intersegment Eliminations        
Disaggregation of Revenue [Line Items]        
Revenues (33) (27) (88) (73)
Revenues (33) (27) (88) (73)
Intersegment Eliminations | Union Electric Company        
Disaggregation of Revenue [Line Items]        
Revenues (11) (11) (30) (31)
Intersegment Eliminations | Ameren Illinois Electric Distribution        
Disaggregation of Revenue [Line Items]        
Revenues (3) (1) (5) (2)
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 (19) (15) (53) (40)
Intersegment Eliminations | Electricity        
Disaggregation of Revenue [Line Items]        
Revenues (33) (27) (88) (73)
Intersegment Eliminations | Electricity | Residential        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Electricity | Commercial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Electricity | Industrial        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Intersegment Eliminations | Electricity | Other        
Disaggregation of Revenue [Line Items]        
Revenues (33) (27) (88) (73)
Intersegment Eliminations | Natural Gas        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 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 0 0 0 0
Intersegment Eliminations | Ameren Illinois Company        
Disaggregation of Revenue [Line Items]        
Revenues (18) (15) (49) (39)
Revenues (18) (15) (49) (39)
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 (18) (15) (49) (39)
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 $ (18) $ (15) $ (49) $ (39)