-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U9a4zXcNrNECB0GHv2/aZaRYI2SetF7n2fiwLbtcZixITE/n/XWzt3atVrg7VflO hUVctxOsK00A/tb7eq8G5w== 0001104659-09-004598.txt : 20090128 0001104659-09-004598.hdr.sgml : 20090128 20090128154940 ACCESSION NUMBER: 0001104659-09-004598 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090127 ITEM INFORMATION: Other Events FILED AS OF DATE: 20090128 DATE AS OF CHANGE: 20090128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNION ELECTRIC CO CENTRAL INDEX KEY: 0000100826 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 430559760 STATE OF INCORPORATION: MO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02967 FILM NUMBER: 09551349 BUSINESS ADDRESS: STREET 1: 1901 CHOUTEAU AVENUE STREET 2: MC 1370 CITY: ST LOUIS STATE: MO ZIP: 63166 BUSINESS PHONE: 314-621-3222 MAIL ADDRESS: STREET 1: 1901 CHOUTEAU AVENUE STREET 2: MC 1370 CITY: ST LOUIS STATE: MO ZIP: 63166 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMEREN CORP CENTRAL INDEX KEY: 0001002910 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 431723446 STATE OF INCORPORATION: MO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14756 FILM NUMBER: 09551348 BUSINESS ADDRESS: STREET 1: 1901 CHOUTEAU AVE STREET 2: MC 1370 CITY: ST LOUIS STATE: MO ZIP: 63166-6149 BUSINESS PHONE: 314-621-3222 MAIL ADDRESS: STREET 1: 1901 CHOUTEAU AVE STREET 2: MC 1370 CITY: ST LOUIS STATE: MO ZIP: 63103 8-K 1 a09-4114_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

 

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):

January 27, 2009

 

Commission File Number

 

Exact Name of Registrant as 
Specified in Charter; 
State of Incorporation; 
Address and Telephone Number

 

IRS Employer 
Identification Number

 

 

 

 

 

1-14756

 

Ameren Corporation
(Missouri Corporation)
1901 Chouteau Avenue
St. Louis, Missouri 63103
(314) 621-3222

 

43-1723446

 

 

 

 

 

1-2967

 

Union Electric Company
(Missouri Corporation)
1901 Chouteau Avenue
St. Louis, MO 63103
(314) 621-3222

 

43-0559760

 

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

 

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

 

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

 

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

 

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

 

 

 


 

ITEM 8.01  Other Events.

 

Reference is made to Note 2 – Rate and Regulatory Matters to our financial statements under Part I, Item 1. Financial Statements and to Outlook under Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, each in the Form 10-Q for the quarterly period ended September 30, 2008, of registrant Ameren Corporation and its registrant subsidiary, Union Electric Company, doing business as AmerenUE (“UE”), for a discussion of UE’s request to the Missouri Public Service Commission (“MoPSC”) for an increase in its annual revenues for electric service.

 

As previously reported, UE requested that the MoPSC approve an increase in its annual revenues for electric service of $251 million based on a 10.9% return on equity.  UE also requested that the MoPSC approve implementation of a fuel and purchased power cost recovery mechanism and a vegetation management and infrastructure inspection and repair cost recovery mechanism.

 

On January 27, 2009, the MoPSC issued an order approving an increase for UE in annual revenues for electric service of approximately $162 million, based on a 10.76% return on equity, a capital structure composed of 52% common equity and a rate base of $5.8 billion.  The MoPSC also approved UE’s implementation of a fuel and purchased power cost recovery mechanism and a vegetation management and infrastructure inspection cost tracking mechanism.  The fuel and purchased power cost recovery mechanism provides for the adjustment of electric rates three times per year for a pass through to customers of 95% of changes in fuel and purchased power costs net of off-system revenues, subject to MoPSC prudency review.  The vegetation management and infrastructure inspection cost tracking mechanism provides for the tracking of expenditures that are greater or less than amounts provided for in UE’s annual revenues for electric service in a particular year, subject to a 10% limitation on increases in any one year.  The tracked amounts may be reflected in rates set in future rate cases.  In addition, pursuant to the accounting order issued by the MoPSC in April 2008, the MoPSC rate order concluded that the $25 million of operations and maintenance expenses incurred as a result of a severe ice storm in January 2007 should be amortized and recovered over a five-year period starting March 1, 2009.  The MoPSC also allowed recovery of $12 million of costs associated with a March 2007 Federal Energy Regulatory Commission order that resettled costs among Midwest Independent Transmission System Operator market participants.  The costs were previously expensed, but will be recorded as a regulatory asset and amortized over two years.

 

Rate changes consistent with the MoPSC order, as well as the fuel and purchased power cost recovery mechanism and vegetation management and infrastructure inspection cost tracking mechanism, are expected to become effective on March 1, 2009 with UE’s filing and MoPSC’s acceptance of conforming tariffs.  UE is evaluating the MoPSC’s order and has not decided whether to seek rehearing of any aspect of the MoPSC’s order or subsequently appeal any aspect of the order.  Moreover, any of the MoPSC Staff, the Missouri Office of Public Counsel and the intervenor parties to this rate case may similarly seek rehearing or (except in the case of the MoPSC Staff) subsequently appeal any aspect of the order.  UE cannot predict whether any such application for rehearing or appeal will be filed, or the outcome if so filed.

 

 

This combined Form 8-K is being filed separately by Ameren and UE.  Information contained herein relating to any individual registrant has been filed by such registrant on its own behalf.  No registrant makes any representation as to information relating to any other registrant.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.  The signature for each undersigned company shall be deemed to relate only to matters having reference to such company or its subsidiaries.

 

 

AMEREN CORPORATION

 

(Registrant)

 

 

 

/s/ Martin J. Lyons

 

Martin J. Lyons

 

Senior Vice President and Chief Accounting Officer

 

 

 

 

 

UNION ELECTRIC COMPANY

 

(Registrant)

 

 

 

/s/ Martin J. Lyons

 

Martin J. Lyons

 

Senior Vice President and Chief Accounting Officer

 

 

Date:  January 28, 2009

 

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