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Stock Market & Financial Investment News

News Breaks
July 3, 2014
14:07 EDTAEEAmeren files request with MoPSC seeking approval to increase revenues by $264M
On July 3 Ameren Missouri filed a request with the Missouri Public Service Commission, or MoPSC, seeking approval to increase its annual revenues for electric service by $264M. The rate request seeks recovery of increased net energy costs and rebates provided for customer-installed solar generation, as well as recovery of and a return on additional electric infrastructure investments made for the benefit of Ameren Missouriís customers. Gross plant additions since the last rate order total $1.4B. The rate request includes $127M related to an increase in net energy costs above the net energy costs included in base rates previously authorized by the MoPSC in its December 2012 electric rate order. The electric rate increase request is based on a 10.4% return on equity, a capital structure composed of 51.6% equity, an electric rate base for Ameren Missouri of $7.3B, and a test year ended March 31, with certain pro-forma adjustments expected through the anticipated true-up date of December 31. The MoPSC proceeding relating to the proposed electric service rate changes will take place over a period of up to 11 months and a decision by the MoPSC in such proceeding is expected by May 2015 with rates effective in June 2015.
News For AEE From The Last 14 Days
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October 21, 2014
08:40 EDTAEEAmeren subsidiary to lose legal fight over permission for power line, AP says
A Cole County circuit judge said he will rule against a subsidiary of Ameren in a battle over whether it needs permission from the Missouri Public Service Commission to build a high-voltage power line in the state, adding that he hopes to formally issue the ruling later this week, reported Associated Press. Earlier in the day, the same judge approved some landowners to join the legal fight opposing the power line, AP noted. Reference Link
October 10, 2014
08:52 EDTAEEAmeren increases quarterly dividend by 2.5% to 41c
The board of Ameren declared a quarterly cash dividend on its common stock of 41c per share, a 2.5% increase from the prior quarterly cash dividend of 40c per share, resulting in an annualized equivalent dividend rate of $1.64 per share. The previous annualized equivalent dividend rate was $1.60 per share. The common share dividend is payable Dec. 31, 2014, to shareholders of record at the close of business on Dec. 10, 2014. Separately, the board of directors of Union Electric Company, doing business as Ameren Missouri, declared regular quarterly cash dividends on all classes of Union Electric Company's preferred stock. These preferred stock dividends are payable Feb. 15, 2015, to shareholders of record at the close of business on Jan. 16, 2015. In addition, the board of directors of Ameren Illinois Company declared regular quarterly cash dividends on all classes of Ameren Illinois Company's preferred stock. These preferred stock dividends are payable Feb. 2, 2015, to shareholders of record at the close of business on Jan. 12, 2015.

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