8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported):

February 8, 2008

Ameren Corporation (Exact name of registrant as specified in its charter)
Missouri (State or other jurisdiction of incorporation)	1-14756 (Commission File Number)	43-1723446 (I.R.S. Employer Identification No.)
	1901 Chouteau Avenue, St. Louis, Missouri 63103 (Address of principal executive offices and Zip Code)
Registrant’s telephone number, including area code:  (314) 621-3222

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[   ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[   ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02  Results of Operations and Financial Condition.

On February 14, 2008, Ameren Corporation (“Ameren”) issued a press release announcing its earnings for the fourth quarter and fiscal year ended December 31, 2007.  The press release is attached as Exhibit 99.1 and is incorporated herein by reference.  The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of Ameren under the Securities Act of 1933 (the “Securities Act”) or the Exchange Act.

Item 8.01  Other Events.

In its press release dated February 14, 2008, Ameren disclosed the following unaudited consolidated financial statements:  Statement of Income for the three-months and twelve-months ended December 31, 2007 and December 31, 2006, Statement of Cash Flows for the twelve-months ended December 31, 2007 and December 31, 2006 and Balance Sheet at December 31, 2007 and December 31, 2006.  The foregoing consolidated financial statements are attached as Exhibit 99.2 and Ameren hereby incorporates such consolidated financial statements into this Item 8.01 of this Current Report on Form 8-K.

Item 9.01  Financial Statements and Exhibits.

(d)   Exhibits

Exhibit Number:	Title:
99.1*	Press release regarding earnings for the year and quarter ended December 31, 2007, issued on February 14, 2008 by Ameren Corporation.
99.2	Ameren Corporation’s Unaudited Statement of Income for the three-months and twelve-months ended December 31, 2007 and December 31, 2006, Statement of Cash Flows for the twelve-months ended December 31, 2007 and December 31, 2006 and Balance Sheet at December 31, 2007 and December 31, 2006.

_____________________
 * Exhibit 99.1 is intended to be deemed furnished rather than filed pursuant to General Instruction B.2 of Form 8-K.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Ameren has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

AMEREN CORPORATION

(Registrant)

/s/ Martin J. Lyons                                                           

Martin J. Lyons

Senior Vice President and Chief Accounting Officer

(Principal Accounting Officer)

Date:  February 14, 2008

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Exhibit Index

Exhibit Number:	Title:
99.1*	Press release regarding earnings for the year and quarter ended December 31, 2007, issued on February 14, 2008 by Ameren Corporation.
99.2	Ameren Corporation’s Unaudited Statement of Income for the three-months and twelve-months ended December 31, 2007 and December 31, 2006, Statement of Cash Flows for the twelve-months ended December 31, 2007 and December 31, 2006 and Balance Sheet at December 31, 2007 and December 31, 2006.

______________________

* Exhibit 99.1 is intended to be deemed furnished rather than filed pursuant to General Instruction B.2 of Form 8-K.

EX-99.1

Exhibit 99.1

One Ameren Plaza

1901 Chouteau Avenue

St. Louis, MO 63103

       NEWS RELEASE

Contacts:

Media	Analysts		Investors
Tim Fox	Bruce Steinke	Theresa Nistendirk	Investor Services
(314) 554-3120	(314) 554-2574	(314) 206-0693	(800) 255-2237
tfox@ameren.com	bsteinke@ameren.com	tnistendirk@ameren.com	invest@ameren.com

FOR IMMEDIATE RELEASE

AMEREN ANNOUNCES 2007 EARNINGS

REAFFIRMS 2008 EARNINGS GUIDANCE

ST. LOUIS, MO., Feb. 14, 2008—Ameren Corporation (NYSE: AEE) today announced 2007 net income in accordance with generally accepted accounting principles (GAAP) of $618 million, or $2.98 per share, compared to 2006 GAAP net income of $547 million, or $2.66 per share.  Excluding unusual items in each year, Ameren recorded 2007 non-GAAP net income of $690 million, or $3.34 per share, compared to 2006 non-GAAP net income of $599 million, or $2.92 per share.

Ameren recorded GAAP net income of $108 million, or 52 cents per share, for the fourth quarter of 2007, compared to $61 million, or 30 cents per share, for the fourth quarter of 2006. Excluding unusual items in the fourth quarter of each year, Ameren recorded 2007 non-GAAP net income of $123 million, or 61 cents per share, compared to 2006 non-GAAP net income of $89 million, or 43 cents per share. A reconciliation of GAAP to non-GAAP earnings per share is as follows:

		Fourth Quarter				Year
		2007		2006		2007		2006
GAAP earnings per share	$	0.52	$	0.30	$	2.98	$	2.66
Illinois electric rate relief settlement, net		0.08		–		0.21		–
Severe storms		–		0.13		0.09		0.26
Retroactive federal regulatory order		0.01		–		0.06		–
Non-GAAP earnings per share	$	0.61	$	0.43	$	3.34	$	2.92

Non-GAAP earnings in 2007 principally benefited from higher-priced power sales contracts in Ameren’s non-rate-regulated generation business segment, the June 2007 implementation of a Missouri electric rate order and greater demand for electricity and natural gas caused by warmer summer and cooler winter weather than in 2006. Reducing the benefit of these positive items were, among other things, higher fuel costs and bad debt expenses, lower emission credit sales, increased expenditures to improve reliability in Ameren’s regulated business segments and higher

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depreciation and financing costs due to greater energy infrastructure investment.  In addition, there were fewer sales of non-core assets in 2007.

“In 2007, we accomplished some key objectives we believe will bring significant long-term benefits to our customers and shareholders,” said Gary L. Rainwater, chairman, president and chief executive officer of Ameren Corporation. “In Illinois, we reached a settlement that will help our customers’ transition to new electric rates and bring stability to the power procurement process. In Missouri, we were able to settle all state and federal issues associated with the Taum Sauk Plant reservoir breach, and we have begun rebuilding the upper reservoir of that pumped-storage hydroelectric plant.  And in both states, we have significantly increased our investments in our energy infrastructure to deliver the reliable energy and cleaner air our customers and communities expect. These investments will also significantly contribute to the future earnings growth in our regulated businesses.”

“However, our returns in 2007 and expected returns in 2008 in Missouri and Illinois are below levels allowed by the respective state utility commissions in our last rate cases since our current rates are significantly below the cost and investment levels we are facing in our business today,” added Rainwater.

“As a result, in late 2007 we sought an aggregate $247 million electric and gas rate increase in Illinois and expect to file an electric rate increase request in Missouri in the second quarter of 2008 to mitigate these higher cost levels.  In a rising cost environment, earnings will be negatively impacted due to regulatory lag until appropriate levels of rate relief are granted.”

Ameren reaffirmed today it expects 2008 GAAP earnings to be in the range of $2.68 to $3.08 and non-GAAP earnings to be in the range of $2.80 to $3.20 per share. An estimated 12 cents per share negative impact in 2008 of the 2007 settlement agreement among parties in Illinois to provide comprehensive electric rate relief and customer assistance is excluded from 2008 non-GAAP earnings guidance. Ameren also reaffirmed that its business segments are expected to contribute to 2008 non-GAAP earnings per share as follows:

Missouri Regulated	$1.20	-	$1.30
Illinois Regulated	0.35	-	0.45
Non-rate-regulated Generation	1.25	-	1.45
2008 Earnings Guidance Range	$2.80	-	$3.20

Ameren’s guidance for 2008 assumes normal weather and is subject to, among other things, regulatory and legislative decisions, plant operations, energy market and economic conditions, severe storms, unusual or otherwise unexpected gains or losses, and other risks and uncertainties outlined, or referred to, in the Forward-looking Statements section of this press release.

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Missouri Regulated Operations

GAAP earnings in 2007 were $281 million, or $14 million higher than in 2006.  The factors behind increased 2007 earnings in the Missouri regulated segment include the earnings impact of the June 2007 implementation of the Missouri electric rate order and greater demand for electricity and natural gas caused by warmer summer and cooler winter weather than in 2006. In addition, there were less costs associated with the 2005 Taum Sauk Plant upper reservoir breach and for storm recovery in 2007, compared to 2006.  Partially offsetting these favorable items were higher fuel costs, increased expenditures towards improving distribution system reliability and reduced emission allowance sales. Also negatively affecting earnings were a Callaway nuclear plant refueling and maintenance outage and rising financing costs.

On a non-GAAP basis, Ameren’s Missouri regulated business segment contributed $304 million to net income in 2007 – $7 million more than the year-ago period. Costs related to severe storms reduced Ameren’s Missouri regulated business segment’s GAAP net income by $16 million in 2007 and $30 million in 2006. In addition, a Federal Energy Regulatory Commission (FERC) order retroactively adjusting prior years’ regional transmission organization costs reduced GAAP net income by $7 million in 2007.

Illinois Regulated Operations

GAAP earnings in 2007 were $47 million, or $68 million lower than in 2006.  The factors behind lower 2007 earnings in the Illinois regulated segment include increased expenditures towards improving distribution system reliability, higher financing costs resulting from reduced credit ratings and increased borrowings, higher bad debt, depreciation and amortization expenses and the costs associated with the Illinois comprehensive electric rate relief and customer assistance settlement agreement. These decreases to earnings were offset, in part, by greater demand for electricity and natural gas caused by warmer summer and cooler winter weather than in 2006. In addition, costs for storm recovery were lower in 2007, compared to 2006.

On a non-GAAP basis, Ameren’s Illinois regulated business segment contributed $77 million to net income in 2007 – $61 million less than the year-ago period. Costs related to severe storms reduced GAAP net income by $2 million in 2007 and $23 million in 2006. In addition, the FERC order retroactively adjusting prior years’ regional transmission organization costs reduced GAAP net income by $15 million in 2007. The net costs associated with the Illinois comprehensive electric rate relief and customer assistance settlement agreement reduced the Illinois regulated business segment’s GAAP net income by $13 million in 2007.

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Non-Rate-Regulated Generation Operations

GAAP earnings in 2007 were $281 million, or $143 million higher, than in 2006. GAAP earnings in the non-rate-regulated generation business segment were primarily higher in 2007 due to higher-priced power sales contracts. Lower sales of emission allowances and higher fuel costs and plant maintenance expenses partially offset the benefit of the higher power sales prices.

On a non-GAAP basis, Ameren’s non-rate-regulated generation business segment contributed $300 million to net income in 2007 – $163 million higher than the year-ago period. The costs associated with the Illinois comprehensive electric rate relief and customer assistance settlement agreement reduced the non-rate-regulated generation business segment’s net income by $29 million in 2007. The FERC order retroactively adjusting prior years’ regional transmission organization costs increased net income by $10 million in 2007.

Other

GAAP earnings from Ameren’s other corporate activities in 2007 were $9 million, or $18 million lower than in 2006. Reduced sales of certain non-core properties, including leveraged leases, reduced other net income in 2007.

Ameren will conduct a conference call for financial analysts at 9:00 a.m. (Central Time) on Thursday, Feb. 14, to discuss 2007 earnings and other matters. Investors, the news media and the public may listen to a live Internet broadcast of the call at www.ameren.com by clicking on "2007 Ameren Corporation Earnings Conference Call," then the appropriate audio link. A slide presentation will also be available on Ameren’s website reconciling earnings per share for 2007 to 2006, and reconciling 2008 non-GAAP earnings per share guidance to 2007 earnings per share on a comparable share basis. This presentation will be posted in the “Investors” section of the website under “Presentations.” The analyst call will also be available for replay on the Internet for one year. Telephone playback of the conference call will also be available beginning at 11:00 a.m. (Central Time), from Feb. 14 through Feb. 21, by dialing, U.S. (800) 405-2236; international (303) 590-3000 and entering the number: 11108033#.

With assets of approximately $21 billion, Ameren serves approximately 2.4 million electric customers and almost one million natural gas customers in a 64,000 square mile area of Missouri and Illinois. Ameren owns a diverse mix of electric generating plants strategically located in its Midwest market with a generating capacity of more than 16,400 megawatts.

Regulation G Statement

Ameren has presented certain information in this release on a diluted cents per share basis. These diluted per share amounts reflect certain factors that directly impact Ameren’s total earnings per share. The non-GAAP earnings per share and non-GAAP earnings per share guidance excludes one or more of the following: costs

related to severe January 2007 storms, abnormal weather, the earnings impact of the settlement agreement among parties in Illinois for comprehensive electric rate relief and customer assistance, the reversal of accruals made in 2006 for low-income energy assistance and energy efficiency program funding commitments in Illinois and a March 2007 FERC order, which retroactively adjusted prior years’ regional transmission organization costs. Ameren believes this information is useful because it enables readers to better understand the impact of these factors on Ameren’s results of operations and earnings per share.

In providing non-GAAP earnings guidance, there could be differences between non-GAAP earnings and earnings prepared in accordance with Generally Accepted Accounting Principles (GAAP) for unusual items, such as the 2007 Illinois electric settlement and the impact of abnormal weather.  Except for the Illinois settlement, Ameren is not able to estimate the impact, if any, on future GAAP earnings of these items.

Forward-looking Statements

Statements in this release not based on historical facts are considered “forward-looking” and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there is no assurance that the expected results will be achieved. These statements include (without limitation) statements as to future expectations, beliefs, plans, strategies, objectives, events, conditions, and financial performance. In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we are providing this cautionary statement to identify important factors that could cause actual results to differ materially from those anticipated. The following factors, in addition to those discussed elsewhere in this release and in our filings with the Securities and Exchange Commission, could cause actual results to differ materially from management expectations as suggested by such forward-looking statements:

·   regulatory or legislative actions, including changes in regulatory policies and ratemaking determinations, such as the outcome of pending Central Illinois Public Service Company, Central Illinois Light Company and Illinois Power Company rate proceedings or future legislative actions that seek to limit or reverse rate increases;

·   uncertainty as to the effect of implementation of the Illinois comprehensive electric settlement agreement on Ameren, the Ameren Illinois utilities, Ameren Energy Generating Company and AmerenEnergy Resources Generating Company, including implementation of the new power procurement process in Illinois beginning in 2008;

·   changes in laws and other governmental actions, including monetary and fiscal policies;

·   changes in laws or regulations that adversely impact the ability of electric distribution companies and other buyers of wholesale electricity to pay their suppliers,

·   enactment of legislation taxing electric generators in Illinois or elsewhere;

·   the effects of increased competition in the future due to, among other things, deregulation of certain aspects of our business at both the state and federal levels, and the implementation of deregulation, such as occurred when the electric rate freeze and power supply contracts expired in Illinois at the end of 2006;

·   the effects of participation in the Midwest Independent Transmission System Operator, Inc.;

·   the availability of fuel such as coal, natural gas, and enriched uranium used to produce electricity; the availability of purchased power and natural gas for distribution; and the level and volatility of future market prices for such commodities, including the ability to recover the costs for such commodities;

·   the effectiveness of our risk management strategies and the use of financial and derivative instruments;

·   prices for power in the Midwest, including forward prices;

·   business and economic conditions, including their impact on interest rates;

·   disruptions of the capital markets or other events that make access to necessary capital more difficult or costly;

·   the impact of the adoption of new accounting standards and the application of appropriate technical accounting rules and guidance;

·   actions of credit rating agencies and the effects of such actions;

·   weather conditions and other natural phenomena;

·   the impact of system outages caused by severe weather conditions or other events;

·   generation plant construction, installation and performance, including costs associated with Union Electric Company’s Taum Sauk pumped-storage hydroelectric plant incident and the plant’s future operation;

·   recoverability through insurance of costs associated with Union Electric Company’s Taum Sauk pumped-storage hydroelectric plant incident;

·   operation of Union Electric Company’s nuclear power facility, including planned and unplanned outages, and decommissioning costs;

·   the effects of strategic initiatives, including acquisitions and divestitures;

·   the impact of current environmental regulations on utilities and power generating companies and the expectation that more stringent requirements, including those related to greenhouse gases, will be introduced over time, which could have a negative financial effect;

·   labor disputes, future wage and employee benefits costs, including changes in discount rates and returns on benefit plan assets;

·   the inability of our counterparties and affiliates to meet their obligations with respect to contracts and financial instruments;

·   the cost and availability of transmission capacity for the energy generated by the Ameren companies’ facilities or required to satisfy energy sales made by the Ameren companies;

·   legal and administrative proceedings; and

·   acts of sabotage, war, terrorism or intentionally disruptive acts.

Given these uncertainties, undue reliance should not be placed on these forward-looking statements. Except to the extent required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements to reflect new information, future events, or otherwise.

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AMEREN CORPORATION (AEE)
CONSOLIDATED OPERATING STATISTICS
	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2007			2006			2007			2006
Electric Sales - kilowatt-hour (in millions):
Missouri Regulated
Residential		3,135			2,996			14,258			13,081
Commercial		3,486			3,367			14,766			14,075
Industrial		2,431			2,369			9,675			9,582
Other		182			178			759			739
Native		9,234			8,910			39,458			37,477
Non-affiliate interchange sales		3,798			1,150			10,984			3,132
Affiliate interchange sales		-			2,565			-			10,072
Subtotal		13,032			12,625			50,442			50,681
Illinois Regulated
Residential
Generation and delivery service		2,720			2,569			11,857			11,476
Commercial
Generation and delivery service		1,580			2,764			7,232			11,406
Delivery service only		1,254			68			5,178			269
Industrial
Generation and delivery service		223			2,888			1,606			10,950
Delivery service only		2,447			311			11,199			2,349
Other		145			144			576			598
Subtotal		8,369			8,744			37,648			37,048
Non-rate-regulated Generation
Non-affiliate energy sales		6,759			6,680			25,179			24,921
Affiliate energy sales		1,631			4,483			7,313			18,425
Subtotal		8,390			11,163			32,492			43,346
Eliminate affiliate sales		(1,633	)		(6,665	)		(7,296	)		(28,036	)
Eliminate Illinois Regulated/Non-rate-regulated Generation common customers		(1,312	)		(287	)		(5,800	)		(2,024	)
Ameren Total		26,846			25,580			107,486			101,015
Electric Revenues (in millions):
Missouri Regulated
Residential	$	179		$	171		$	980		$	899
Commercial		165			157			839			796
Industrial		82			78			390			392
Other		30			27			111			104
Native		456			433			2,320			2,191
Non-affiliate interchange sales		163			88			466			263
Affiliate interchange sales		-			40			-			196
Subtotal		619			561			2,786			2,650
Illinois Regulated
Residential
Generation and delivery service		247			173			1,055			852
Commercial
Generation and delivery service		134			174			666			784
Delivery service only		17			1			54			3
Industrial
Generation and delivery service		17			124			105			489
Delivery service only		7			-			24			2
Other		73			27			358			112
Subtotal		495			499			2,262			2,242
Non-rate-regulated Generation
Non-affiliate energy sales		326			251			1,266			1,032
Affiliate native energy sales		113			160			495			662
Affiliate other sales		-			6			37			19
Subtotal		439			417			1,798			1,713
Eliminate affiliate sales		(130	)		(248	)		(579	)		(1,020	)
Ameren Total	$	1,423		$	1,229		$	6,267		$	5,585

AMEREN CORPORATION (AEE)
CONSOLIDATED OPERATING STATISTICS
	Three Months Ended					Twelve Months Ended
	December 31,					December 31,
	2007		2006			2007		2006
Electric Generation - megawatt-hour (in millions):
Missouri Regulated		12.9		12.8			50.3		50.8
Non-rate-regulated Generation
Genco		4.6		4.6			17.6		15.6
AERG		1.4		1.7			5.3		6.7
EEI		2.2		2.1			8.1		8.3
Subtotal		8.2		8.4			31.0		30.6
Ameren Total		21.1		21.2			81.3		81.4
Fuel Cost per KWH (cents)
Missouri Regulated		1.252		0.972			1.247		1.028
Non-rate-regulated Generation		1.649		1.632			1.691		1.594
Gas Sales - Dth (in thousands)
Missouri Regulated		3,759		3,720			11,745		10,709
Illinois Regulated		29,299		30,000			93,952		90,890
Other		372		2,397			2,174		7,083
Ameren Total		33,430		36,117			107,871		108,682
Net Income(Loss) by Segment (in millions):
Missouri Regulated	$	17	$	12		$	281	$	267
Illinois Regulated		2		(10	)		47		115
Non-rate-regulated Generation		84		36			281		138
Other		5		23			9		27
Ameren Total	$	108	$	61		$	618	$	547
			December 31,					December 31,
			2007					2006
Common Stock:
Shares outstanding (in millions)				208.3					206.6
Book value per share				$32.41					$31.86
Capitalization Ratios:
Common equity				48.2%					50.6%
Preferred stock				1.4%					1.5%
Debt, net of cash				50.4%					47.9%

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
	Three Months Ended				Year Ended
	December 31,				December 31,
	2007		2006		2007			2006
Operating Revenues:
Electric	$	1,423	$	1,229	$	6,267		$	5,585
Gas		384		391		1,279			1,295
Total operating revenues		1,807		1,620		7,546			6,880
Operating Expenses:
Fuel		303		242		1,167			1,018
Purchased power		281		254		1,387			1,150
Gas purchased for resale		278		290		900			931
Other operations and maintenance		439		415		1,688			1,556
Depreciation and amortization		167		176		681			661
Taxes other than income taxes		86		89		381			391
Total operating expenses		1,554		1,466		6,204			5,707
Operating Income		253		154		1,342			1,173
Other Income and Expenses:
Miscellaneous income		23		21		77			50
Miscellaneous expense		-		-		(10	)		(4	)
Total other income		23		21		67			46
Interest Charges		107		96		423			350
Income Before Income Taxes, Minority Interest and Preferred
Dividends of Subsidiaries		169		79		986			869
Income Taxes		51		11		330			284
Income Before Minority Interest and Preferred Dividends of Subsidiaries		118		68		656			585
Minority Interest and Preferred Dividends of Subsidiaries		10		7		38			38
Net Income	$	108	$	61	$	618		$	547
Earnings per Common Share - Basic and Diluted	$	0.52	$	0.30	$	2.98		$	2.66
Average Common Shares Outstanding		208.1		206.3		207.4			205.6

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
	Year Ended
	December 31,
	2007			2006
Cash Flows From Operating Activities:
Net income	$	618		$	547
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of emission allowances		(8	)		(60	)
Gain on sale of non-core properties		(3	)		(37	)
Depreciation and amortization		735			656
Amortization of nuclear fuel		37			36
Amortization of debt issuance costs and premium/discounts		19			15
Deferred income taxes and investment tax credits, net		(28	)		91
Minority interest		27			27
Other		12			13
Changes in assets and liabilities:
Receivables		(320	)		91
Materials and supplies		(88	)		(75	)
Accounts and wages payable		20			(85	)
Taxes accrued		21			(72	)
Assets, other		25			(103	)
Liabilities, other		8			138
Pension and other postretirement obligations, net		27			97
Net cash provided by operating activities		1,102			1,279
Cash Flows From Investing Activities:
Capital expenditures		(1,381	)		(992	)
CT acquisitions		-			(292	)
Proceeds from sales of non-core properties, net		13			56
Nuclear fuel expenditures		(68	)		(39	)
Purchases of securities - nuclear decommissioning trust fund		(142	)		(110	)
Sales of securities - nuclear decommissioning trust fund		128			98
Purchases of emission allowances		(24	)		(42	)
Sales of emission allowances		5			71
Other		1			(16	)
Net cash used in investing activities		(1,468	)		(1,266	)
Cash Flows From Financing Activities:
Dividends on common stock		(527	)		(522	)
Capital issuance costs		(4	)		(4	)
Short-term debt, net		860			419
Dividends paid to minority interest		(21	)		(28	)
Redemptions, repurchases and maturities:
Long-term debt		(488	)		(164	)
Preferred stock		(1	)		(1	)
Issuances:
Common stock		91			96
Long-term debt		674			232
Net cash provided by financing activities		584			28
Net Change In Cash and Cash Equivalents		218			41
Cash and Cash Equivalents at Beginning of Year		137			96
Cash and Cash Equivalents at End of Year	$	355		$	137

AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
	December 31,		December 31,
	2007		2006
ASSETS
Current Assets:
Cash and cash equivalents	$	355	$	137
Accounts receivable - trade		570		418
Unbilled revenue		359		309
Miscellaneous accounts and notes receivable		280		160
Materials and supplies		735		647
Other current assets		181		203
Total current assets		2,480		1,874
Property and Plant, Net		15,069		14,286
Investments and Other Assets:
Nuclear decommissioning trust fund		307		285
Goodwill		831		831
Intangible assets		198		217
Other assets		685		654
Regulatory assets		1,158		1,488
Total investments and other assets		3,179		3,475
TOTAL ASSETS	$	20,728	$	19,635
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current maturities of long-term debt	$	221	$	456
Short-term debt		1,472		612
Accounts and wages payable		687		671
Taxes accrued		84		58
Other current liabilities		438		406
Total current liabilities		2,902		2,203
Long-term Debt, Net		5,691		5,285
Preferred Stock of Subsidiary Subject to Mandatory Redemption		16		17
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		2,046		2,144
Accumulated deferred investment tax credits		109		118
Regulatory liabilities		1,240		1,177
Asset retirement obligations		562		549
Accrued pension and other postretirement benefits		839		1,065
Other deferred credits and liabilities		354		283
Total deferred credits and other liabilities		5,150		5,336
Preferred Stock of Subsidiaries Not Subject to Mandatory Redemption		195		195
Minority Interest in Consolidated Subsidiaries		22		16
Stockholders' Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		4,604		4,495
Retained earnings		2,110		2,024
Accumulated other comprehensive income		36		62
Total stockholders' equity		6,752		6,583
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	20,728	$	19,635

EX-99.2

Exhibit 99.2

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
	Three Months Ended				Year Ended
	December 31,				December 31,
	2007		2006		2007			2006
Operating Revenues:
Electric	$	1,423	$	1,229	$	6,267		$	5,585
Gas		384		391		1,279			1,295
Total operating revenues		1,807		1,620		7,546			6,880
Operating Expenses:
Fuel		303		242		1,167			1,018
Purchased power		281		254		1,387			1,150
Gas purchased for resale		278		290		900			931
Other operations and maintenance		439		415		1,688			1,556
Depreciation and amortization		167		176		681			661
Taxes other than income taxes		86		89		381			391
Total operating expenses		1,554		1,466		6,204			5,707
Operating Income		253		154		1,342			1,173
Other Income and Expenses:
Miscellaneous income		23		21		77			50
Miscellaneous expense		-		-		(10	)		(4	)
Total other income		23		21		67			46
Interest Charges		107		96		423			350
Income Before Income Taxes, Minority Interest and Preferred
Dividends of Subsidiaries		169		79		986			869
Income Taxes		51		11		330			284
Income Before Minority Interest and Preferred Dividends of Subsidiaries		118		68		656			585
Minority Interest and Preferred Dividends of Subsidiaries		10		7		38			38
Net Income	$	108	$	61	$	618		$	547
Earnings per Common Share - Basic and Diluted	$	0.52	$	0.30	$	2.98		$	2.66
Average Common Shares Outstanding		208.1		206.3		207.4			205.6

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
	Year Ended
	December 31,
	2007			2006
Cash Flows From Operating Activities:
Net income	$	618		$	547
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of emission allowances		(8	)		(60	)
Gain on sale of non-core properties		(3	)		(37	)
Depreciation and amortization		735			656
Amortization of nuclear fuel		37			36
Amortization of debt issuance costs and premium/discounts		19			15
Deferred income taxes and investment tax credits, net		(28	)		91
Minority interest		27			27
Other		12			13
Changes in assets and liabilities:
Receivables		(320	)		91
Materials and supplies		(88	)		(75	)
Accounts and wages payable		20			(85	)
Taxes accrued		21			(72	)
Assets, other		25			(103	)
Liabilities, other		8			138
Pension and other postretirement obligations, net		27			97
Net cash provided by operating activities		1,102			1,279
Cash Flows From Investing Activities:
Capital expenditures		(1,381	)		(992	)
CT acquisitions		-			(292	)
Proceeds from sales of non-core properties, net		13			56
Nuclear fuel expenditures		(68	)		(39	)
Purchases of securities - nuclear decommissioning trust fund		(142	)		(110	)
Sales of securities - nuclear decommissioning trust fund		128			98
Purchases of emission allowances		(24	)		(42	)
Sales of emission allowances		5			71
Other		1			(16	)
Net cash used in investing activities		(1,468	)		(1,266	)
Cash Flows From Financing Activities:
Dividends on common stock		(527	)		(522	)
Capital issuance costs		(4	)		(4	)
Short-term debt, net		860			419
Dividends paid to minority interest		(21	)		(28	)
Redemptions, repurchases and maturities:
Long-term debt		(488	)		(164	)
Preferred stock		(1	)		(1	)
Issuances:
Common stock		91			96
Long-term debt		674			232
Net cash provided by financing activities		584			28
Net Change In Cash and Cash Equivalents		218			41
Cash and Cash Equivalents at Beginning of Year		137			96
Cash and Cash Equivalents at End of Year	$	355		$	137

AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
	December 31,		December 31,
	2007		2006
ASSETS
Current Assets:
Cash and cash equivalents	$	355	$	137
Accounts receivable - trade		570		418
Unbilled revenue		359		309
Miscellaneous accounts and notes receivable		280		160
Materials and supplies		735		647
Other current assets		181		203
Total current assets		2,480		1,874
Property and Plant, Net		15,069		14,286
Investments and Other Assets:
Nuclear decommissioning trust fund		307		285
Goodwill		831		831
Intangible assets		198		217
Other assets		685		654
Regulatory assets		1,158		1,488
Total investments and other assets		3,179		3,475
TOTAL ASSETS	$	20,728	$	19,635
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current maturities of long-term debt	$	221	$	456
Short-term debt		1,472		612
Accounts and wages payable		687		671
Taxes accrued		84		58
Other current liabilities		438		406
Total current liabilities		2,902		2,203
Long-term Debt, Net		5,691		5,285
Preferred Stock of Subsidiary Subject to Mandatory Redemption		16		17
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		2,046		2,144
Accumulated deferred investment tax credits		109		118
Regulatory liabilities		1,240		1,177
Asset retirement obligations		562		549
Accrued pension and other postretirement benefits		839		1,065
Other deferred credits and liabilities		354		283
Total deferred credits and other liabilities		5,150		5,336
Preferred Stock of Subsidiaries Not Subject to Mandatory Redemption		195		195
Minority Interest in Consolidated Subsidiaries		22		16
Stockholders' Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		4,604		4,495
Retained earnings		2,110		2,024
Accumulated other comprehensive income		36		62
Total stockholders' equity		6,752		6,583
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	20,728	$	19,635