XML 38 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transactions
 9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS
Ameren (parent) and its subsidiaries have engaged in, and may in the future engage in, affiliate transactions in the normal course of business. These transactions primarily consist of power purchases and sales, services received or rendered, and borrowings and lendings.
Transactions between affiliates are reported as intercompany transactions on their respective financial statements but are eliminated in consolidation for Ameren’s financial statements. For a discussion of our material related party agreements, see Note 14 – Related Party Transactions under Part II, Item 8, of the Form 10-K and the money pool arrangements discussed in Note 3 – Short-term Debt and Liquidity of this report.
Electric Power Supply Agreements
In April and September 2016, Ameren Illinois conducted procurement events, administered by the IPA, to purchase energy products. Ameren Missouri was among the winning suppliers in these events. As a result, in April 2016, Ameren Missouri and Ameren Illinois entered into an energy product agreement by which Ameren Missouri agreed to sell, and Ameren Illinois agreed to purchase, 375,200 megawatthours at an average price of $34.71 per megawatthour during the period of June 1, 2017, through September 30, 2018. In September 2016, Ameren Missouri and Ameren Illinois entered into an energy product agreement by which Ameren Missouri agreed to sell, and Ameren Illinois agreed to purchase, 82,800 megawatthours at an average price of $34.35 per megawatthour during the period of May 1, 2017, through September 30, 2018.
The following table presents the impact on Ameren Missouri and Ameren Illinois of related party transactions for the three and nine months ended September 30, 2016 and 2015:
 
 
 
 
Three Months
 
Nine Months
Agreement
Income Statement
Line Item
 
 
Ameren
Missouri
 
Ameren
Illinois
 
Ameren
Missouri
 
Ameren
Illinois
Ameren Missouri power supply
Operating Revenues
2016
$
9

$
(a)

$
21

$
(a)

agreements with Ameren Illinois
 
2015
 
4

 
(a)

 
9

 
(a)

Ameren Missouri and Ameren Illinois
Operating Revenues
2016
 
5

 
1

 
18

 
3

rent and facility services
 
2015
 
6

 
1

 
19

 
3

Ameren Missouri and Ameren Illinois
Operating Revenues
2016
 
1

 
(b)

 
1

 
(b)

miscellaneous support services
 
2015
 
1

 
(b)

 
2

 
(b)

Total Operating Revenues
 
2016
$
15

$
1

$
40

$
3

 
 
2015
 
11

 
1

 
30

 
3

Ameren Illinois power supply
Purchased Power
2016
$
(a)

$
9

$
(a)

$
21

agreements with Ameren Missouri
 
2015
 
(a)

 
4

 
(a)

 
9

Ameren Illinois transmission
Purchased Power
2016
 
(a)

 
1

 
(a)

 
2

services with ATXI
 
2015
 
(a)

 
1

 
(a)

 
2

Total Purchased Power
 
2016
$
(a)

$
10

$
(a)

$
23

 
 
2015
 
(a)

 
5

 
(a)

 
11

Ameren Services support services
Other Operations and Maintenance
2016
$
30

$
29

$
96

$
90

agreement
 
2015
 
30

 
28

 
96

 
87

Money pool borrowings (advances)
Interest Charges/ Miscellaneous Income
2016
$
(b)

$
(b)

$
(b)

$
(b)

 
 
2015
 
(b)

 
(b)

 
(b)

 
(b)

(a)
Not applicable.
(b)
Amount less than $1 million.