2006 Annual Report
R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
Ameren is committed to a single mission: generating electricity,
delivering electricity and distributing natural gas in a safe, reliable,
efficient and environmentally sound manner.
The cover of this year’s annual report features some of the
employees and their families behind Ameren: Ameren Services
Environmental Scientist Mike Tomasovich (red hardhat) is joined
by his mother, Judy, and wife, Pam, holding younger son, Brad.
To Mike’s left is his father, David, himself an Ameren retiree,
and older son, Jacob. AmerenUE Labadie Plant Production
Operating Engineer Eli Chereji (green hardhat) is joined by his
wife, Florentina, holding younger daughter, Christina Naomi,
and older daughter, Rebecca Loren.
Controlling plant emissions and
improving the environment...
while meeting the
growing need for power. Page 2
Going wherever we are needed
and doing whatever it takes...
to restore power after
catastrophic storms. Page 4
Optimizing our assets and
managing rising costs...
while helping customers adapt
to changing markets. Page 6
Page 8 Financial Highlights, Page 10 Letter to Shareholders,
Page 16 Ameren Corporation and Subsidiaries Officers and Directors,
Form 10-K and Inside Back Cover Investor Information
2006 Ameren
1
Controlling plant emissions and
improving the environment...
R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
Ameren is proud of the leadership role it has taken to develop technologies that reduce emissions for
its coal-fired power plants. Because of the company’s efforts to convert many plants to low-sulfur coal and
its use of innovative combustion controls and monitors, Ameren has been an industry leader in lowering
sulfur dioxide (SO2) and nitrogen oxide (NOx) emissions. But with the Clean Air Interstate and Clean Air
Mercury Rules requiring even further reductions in SO2 and NOx emissions and the first controls on mercury
emissions, Ameren faces new challenges: significant investments and extracting trace quantities of
mercury from millions of tons of coal burned annually, and with no proven technology to do so.
2
2006 Ameren
Controlling plant emissions and
improving the environment...
while meeting the
growing need for power.
Ameren has risen to the challenge by conducting state-of-the-art mercury-control tests at AmerenUE’s
Meramec and Labadie Plants. During the tests, activated carbon is injected into exhaust gases to absorb
mercury. Above, left, Senior Chemical Tester Joe Blankenship analyzes ash samples for mercury and carbon
content at Ameren’s lab in St. Louis. While long-term effects on ash quality and plant operations are still
being studied, initial results have been promising. Several of our plants also support outdoor recreation and
wildlife preservation – enjoyed above by the Griffith family at Newton Lake, a source of cooling water for
AmerenEnergy Generating’s Newton Power Station.
2006 Ameren
3
Going wherever we are needed
and doing whatever it takes...
R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
Our utility companies’ ability to respond to emergencies was put to the test in 2006, when severe storms
hit their service territories multiple times during the year. Customers saw our forces and those of other
utilities on the streets swiftly following the storms, due to behind-the-scenes preparation that takes place all
year. One example: 53-foot “storm trailers” that serve as mobile storerooms when severe weather strikes.
The trailers are fully stocked with everything a repair crew might need – from wire to computers – as well
as generators that power outlets to charge cell phones and laptops and an undercarriage to tote large utility
pole cross arms. Specially trained employees distribute materials to restoration crews, order new materials
4
2006 Ameren
Going wherever we are needed
and doing whatever it takes...
to restore power after
catastrophic storms.
and coordinate communications between the mobile storeroom and the main warehouses. In addition,
a mobile command center serves as a central communication hub from which crews function, cutting
response time and improving efficiency and safety. Above left, AmerenUE Lineman Randy Taylor hauls
wire while Storekeeper Dave Zeuschel keeps track. Following severe July storms, 5,500 workers
from 12 states replaced 3,000 poles and transformers and restrung 400 miles of wire to restore power
to nearly 950,000 customers, while 7,200 workers from 14 states completed 13,300 work orders
following a December ice storm.
2006 Ameren
5
Optimizing our assets and
managing rising costs...
R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
January 2007 ushered in a new era for the Illinois electricity marketplace. The expiration of power
sales agreements for a substantial portion of generation from the company’s non-rate-regulated plants
provided challenges and opportunities for Ameren Energy Marketing (AEM, above, left). Rising to the
occasion, AEM secured higher-priced contracts for power sales in 2007 and beyond.
6
2006 Ameren
while helping customers adapt
to changing markets.
For Illinois customers, 2007 brought cost increases as the state implemented its transition to market
prices for power after 15 to 25 years of fixed or declining electric rates. In December, the Illinois
Commerce Commission unanimously approved the Customer Elect Plan, a voluntary deferral plan
designed to soften the impact of the higher electric costs for a majority of Ameren’s Illinois customers.
2006 Ameren
7
R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
Financial Highlights
Ameren Consolidated
(In millions, except per share amounts and as noted)
RESULTS OF OPERATIONS
Operating revenues
Operating expenses
Operating income
Income before cumulative effect of change in accounting principle
Cumulative effect of change in accounting principle,
net of income tax benefit
Net income
COMM ON STOCK DATA
Earnings per basic and diluted share (a)
Dividends per common share
Dividend yield (year-end)
Market price per common share (year-end closing)
Shares outstanding (weighted average)
Total market value of common shares (year-end)
Book value per common share
BALANCE SHEET DATA
Property and plant, net
Total assets
Long-term debt obligations, excluding current maturities
Capitalization ratios
Common equity
Preferred stock, not subject to mandatory redemption
Debt and preferred stock subject to mandatory redemption,
Year Ended December 31,
2004
2005
2006
$6,880
$5,707
$1,173
$547
$6,780
$5,496
$1,284
$628
$ –
$547
$(22)
$606
$2.66
$2.54
4.7%
$53.73
205.6
$3.13
$2.54
5.0%
$51.24
200.8
$11,099
$10,489
$31.87
$31.09
$5,135
$4,057
$1,078
$530
$ –
$530
$2.84
$2.54
5.1%
$50.14
186.4
$9,788
$29.71
$14,286
$19,578
$5,285
$13,581
$18,171
$5,354
$13,297
$17,450
$5,021
50.6%
1.5%
52.5%
1.6%
49.1%
1.7%
net of cash
47.9%
45.9%
49.2%
OPER ATING DATA
Native electric sales (KwH)
Interchange electric sales (KwH)
Total electric sales (KwH)
Native gas sales (thousands of Dth)
Generating capacity at peak (MW)
Total generation output (KwH)
Electric customers
Gas customers
(a) 2005 excludes charges for the cumulative effect of a change in accounting
principle of $22 million (11 cents per share), net of income tax benefit.
82,841
17,580
100,421
84,835
11,224
96,059
108,682
114,182
16,416
81,485
2.4
1.0
16,237
77,941
2.4
1.0
69,764
13,801
83,565
87,545
15,220
76,839
2.3
0.9
8
2006 Ameren
Financial Highlights
A M ER E N’S 2 00 6
SE GM E NT EA R NINGS
(In millions)
Illinois Regulated
Non-Rate-Regulated
Generation
$115
$138
Missouri Regulated
$267
Other
$27
TOTAL
GENERATION
OUTPU T
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Ameren’s power plants again set records for generation output in 2006. Along with this performance, the coal-fired
power plants in our Missouri regulated operations achieved average availability and capacity factors in 2006
of 90% and 82%, respectively, while the plants in our non-rate-regulated generation operations improved their
availability and capacity factors to 85% and 73%. Since 2004, our capital expenditures have increased as we
continue to make significant investments that will further improve plant performance and ensure our ability
to deliver reliable power to our customers. Meanwhile, Ameren’s share price remained strong in 2006.
2006 Ameren
9
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R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
To My Fellow Shareholders,
Two-thousand-six was a critical year of transition
Our stated vision for the past several years has
for Ameren.
Our Illinois utilities prepared to move to market rates
for power supply in Illinois while pursuing their first
electric delivery service rate increases in that state
in the past 15 to 25 years. At the same time, our
Missouri utility, AmerenUE, filed for its first general
electric rate increase in almost 20 years.
In the midst of these major initiatives, the year
also brought three historic storms. During the
summer, two storms – just days apart – disrupted
electric service for nearly 950,000 customers, many
for several days. Then, in early December, the
worst ice storm in nearly 30 years affected about
520,000 customers. These storms were in addition
to tornados and other severe weather in March
and April.
We know that these extended outages were very
difficult for our customers. That is why we drew on
the strength of our own employees – and that of utility
workers from across more than a dozen states –
to mobilize more than 5,500 people in the summer
and 7,200 people in the winter to restore power as
quickly as possible.
been to be a “performance leader” – among the
best of the best – in all areas of our operations.
Data compiled by the Edison Electric Institute (EEI)
indicates that Ameren performed better than other
utilities encountering similar-sized, weather-related
outages in recent years. In fact, EEI recognized
Ameren with its Emergency Recovery Award for
our response to the July storms.
Nevertheless, there is always room for improvement.
In January 2007, at the request of the Missouri Public
Service Commission (PSC), we submitted a list of
recommendations to limit the number and duration
of storm-related outages. Those recommendations
included more aggressive tree removal and tree
trimming, comprehensive pole and line inspections
and changes in regulatory tariffs to require burial of
all new electric distribution services. We look forward
to working with the PSC, the Missouri state legislature
and other stakeholders on these initiatives.
The bottom line is that despite these challenges, we
remained focused throughout the year on our core
business of providing real energy and real value to real
people – our 2.4 million electric and nearly 1 million
natural gas customers in Missouri and Illinois.
10
2006 Ameren
To My Fellow Shareholders,
Our ongoing challenge in 2007 will be to deliver
to rise as Ameren invested more than $1.7 billion
value to our customers and to you, our owners, as
in Illinois’ energy delivery systems and infrastructure.
we manage significant environmental compliance
programs, evaluate options to address rising
operating costs, actively work on a host of regulatory
and legislative matters and continue the cleanup
and restoration efforts resulting from the December
2005 failure of our Taum Sauk pumped-storage
hydroelectric plant.
In addition, during these ten years Ameren moved its
Illinois power plants into separate, non-rate-regulated
generation companies and invested in new power
plants that compete with other suppliers. We made
this move to comply with the 1997 Electric Service
Customer Choice and Rate Relief Law, which was
crafted to encourage the development of competitive
I am confident we will once again rise to these
markets for power in Illinois.
challenges. It will take hard work, persistence and
dedication, but in 2006 our employees demonstrated
that these qualities are in great supply as they
worked to serve our customers while adhering to our
values of integrity, respect, stewardship, teamwork
and commitment.
MOVING TO MARKET RATES IN ILLINOIS
Ameren remains focused on
providing real energy and real value
to real people.
Almost without a doubt, the transition to market
With the Ameren Illinois utilities owning no generation,
rates for power in Illinois was the most significant
these companies were required to seek new contracts
issue facing our company in 2006, and it will continue
to purchase power in the wholesale markets.
to be a significant issue well into 2007.
For Ameren and our many stakeholders, this issue
At year-end 2006, a 10-year-old rate freeze in Illinois
boiled down to one question: What power purchase
expired, as did the power purchase contracts
mechanism would best allow us to continue delivering
Ameren’s Illinois utilities had in place to provide
low-cost, safe and reliable power to our 1.2 million
power for their customers.
electric customers in Illinois?
Throughout the rate freeze period, which brought
After months of study and analysis, in September
$1 billion in savings to our customers, costs continued
2006 an independently managed and monitored
Ameren works diligently to find solutions that add value for its business customers and help the environment. At AmerenUE’s
Labadie Plant, a new concrete packaging facility (far left) recycles annually more than 60,000 tons of fly and bottom ash previously
sent to landfills into two million bags of high-quality Quikrete® concrete mix – a unique partnership between AmerenUE, Charah®,
Inc. of Louisville, Ky., and The Home Depot®. ■ AmerenUE’s Meramec Plant, meanwhile, became the first power plant in the
nation to generate electricity by burning recovered paint solids from an automotive manufacturing plant – DaimlerChrysler’s
Fenton, Mo., facility (left). Over the life of the project 1,000 tons of waste paint will be blended with coal and burned in
Meramec’s boilers, keeping the material out of local landfills, lowering disposal costs and helping to generate electricity.
2006 Ameren
11
R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
declining-price auction to procure the power needed
committed to providing safe, reliable delivery
on behalf of Ameren’s Illinois utility customers was
of power in Illinois in the years ahead.
completed. In this highly transparent, competitive
process – approved by the Illinois Commerce
Commission – more than 20 power companies,
brokers and others competed for contracts to supply
the Ameren Illinois utilities’ 7,200 megawatts of load.
RECOVERING COSTS AND
INVESTING WISELY IN MISSOURI
As I have mentioned, in July AmerenUE filed for
its first general electric rate increase in almost
20 years with the PSC. At that time, AmerenUE
As expected, the auction clearing price was
also filed for an increase in its natural gas delivery
significantly above the Illinois utilities’ fixed-price
service rate.
supply contracts, which expired at year-end 2006.
Those higher costs are now being passed on to
our customers – dollar-for-dollar, with no markup.
We have been able to keep rates low by remaining
focused for decades on our core energy business,
cost control and operating efficiencies. We have
Including a $97 million aggregate increase in our
invested more than $2.5 billion in new power
delivery service tariffs, our Illinois residential rates are
lines, generating facilities and other infrastructure
now near the national average. However, in late 2006
in Missouri since 2002 alone. On the gas side,
the Illinois Commerce Commission approved our vol-
we have invested $40 million since 2003 in gas
untary deferral plan for residential customers, eligible
system improvements and expansions to improve
schools, local governments and small commercial
service reliability and keep pace with growing
customers. Called the Customer Elect Plan, it allows
customer needs.
timely recovery of our purchased power costs while
As a result, our customers have come to
easing the impact on our Illinois customers.
expect AmerenUE to deliver a highly reliable,
We will continue to listen carefully to our
customers’ concerns, and work constructively
environmentally friendly supply of electricity and
natural gas at reasonable prices. We are committed
with legislators, regulators and other stakeholders,
to continuing to meet their expectations.
in order that we may successfully manage this
The July filings – which are subject to the customary
important transition for our company. We remain
rate review process, including review and approval
Our companies add value for residential customers by providing them with tools to manage their energy wisely and
supporting local communities. Introduced to AmerenUE customers in 2004, the online Energy Savings Toolkit (right) provides
a full suite of energy management tools, from appliance calculators to bill analyzers. ■ In Edwardsville, Ill., a $90,000 grant
from the Ameren Charitable Trust is making possible the construction of a 3,800-square-foot multi-purpose program area at
the Edwardsville YMCA (far right). The new area, called the Ameren Program Center, will be used for a wide range of YMCA
programs and services, including programs that promote individual character development and personal growth for teens
– as well as programs for people of all ages.
12
2006 Ameren
by the PSC – proposed an increase in electric
2006 in Review
Despite facing significant challenges in 2006,
revenues of $361 million and natural gas revenues
Ameren marked several milestones during the
of $11 million.
year that demonstrated our dedication to providing
In the intervening months, the PSC staff, the
superior service, working safely and meeting our
Missouri attorney general and other stakeholders
environmental and community commitments.
have proposed instead electric rate decreases
for AmerenUE of over $150 million in some
cases. However, we believe that we have made
a strong case that without appropriate rate relief,
AmerenUE will be presented with significant risks
and challenges in continuing to maintain and
invest in critical energy infrastructure in a timely
fashion, inhibiting the company’s ability to provide
reliable service.
We look forward to working with key stakeholders
to resolve this important matter. We expect a ruling
no later than June 2007.
It is important to note that even if the PSC were
to approve the full electric increase, the typical
AmerenUE residential customer would still be paying
rates that are not only below AmerenUE’s 1991 lev-
els, but also well below the national average and the
average of other Missouri investor-owned utilities.
Nevertheless, we recognize that our customers
are experiencing meaningful increases in many of
their monthly costs. Because we are concerned
■ The Edison Electric Institute recognized Ameren with its prestigious
Emergency Recovery Award for extraordinary efforts to restore power
following the July 2006 storms.
■ Ameren and Cellnet Technology, Inc., began expanding Ameren’s
automated meter reading system to an additional 1.1 million electric
and natural gas meters in Ameren’s Illinois service territory.
■ AmerenUE purchased three combustion turbine generating facilities
– 1,490 megawatts – to meet increasing capacity needs and provide
flexibility in determining future baseload generating capacity additions.
■ The renowned global marketing information firm known for surveys
of customer satisfaction – J.D. Power and Associates – certified our
customer contact centers for providing “An Outstanding Customer
Service Experience.” Our call centers join a select few electric or
natural gas utility companies in the nation to receive this certification.
■ AmerenUE’s Callaway Nuclear Plant received the prestigious
Edison Electric Institute Safety Achievement Award for outstanding
worker safety. Callaway Plant employees worked nearly 4.9 million
hours during the period from March 15, 2004, through Oct. 5, 2006,
with no lost-workday-away accidents.
■ Ameren entered into a unique alliance agreement with Hitachi
Power Systems America, Ltd. that will allow both companies to
benefit from technology exchange in the areas of air quality control
and efficient power generation.
■ In a settlement with the Federal Energy Regulatory Commission,
Ameren resolved all outstanding potential federal liability associated
with the Dec. 14, 2005, failure of AmerenUE’s Taum Sauk pumped-
storage hydroelectric plant.
2006 Ameren
13
R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
about how these increases will affect each family’s
Two-thousand-seven will also be a significant
budget, our electric rate proposal caps residential
year because it marks the beginning of a multi-
increases at 10 percent and includes a commitment to
year commitment to invest in new emission-
help our most vulnerable customers pay their electric
control technologies at our existing plants. These
bills, including additional contributions to low-income
investments are necessary to comply with federal
energy assistance and energy conservation programs.
regulations, passed in 2005, and related state
Ameren is committed to providing
top-tier service for customers and
bottom-line results for shareholders.
PLANNING FOR FUTURE GENERATION
implementation plans that call for significant
reductions in emissions of sulfur dioxide (SO2),
nitrogen oxide (NOx) and mercury.
To begin meeting the new SO2 requirements, in 2006
we announced that we had signed an agreement with
Hitachi Power Systems America, Ltd. to design and
supply scrubbers at three of our plants – AmerenUE’s
Sioux Plant, AmerenEnergy Generating Company’s
NEEDS AND ENVIRONMENTAL COMPLIANCE
Coffeen Plant and AmerenEnergy Resources
In late 2005, AmerenUE submitted an integrated
resource plan to the PSC. That plan described the
company’s need to add new baseload capacity
by 2018.
However, because of the long lead-time needed
to build a baseload power plant, in the next few
years we will need to decide which fuel source
will be the best option for this significant capital
investment. Options under consideration include
Generating Company’s Duck Creek Plant. Because
these scrubbers can remove SO2 from either low-
sulfur or high-sulfur coals, they will provide flexibility
for Ameren to use the lowest-cost fuel for each plant.
Additional scrubbers and other emission-control
equipment will be needed to help us meet all of the
federal requirements – as well as the terms of an
agreement between our Illinois-based generating
subsidiaries and the state of Illinois.
new coal, new nuclear or one of the developing
This innovative agreement accelerates the Illinois
“clean-coal” technologies, like integrated gasification
subsidiaries’ emission reduction compliance program
combined cycle.
for SO2, NOx and mercury to a level well ahead of
14
2006 Ameren
that required by the federal standards. It presents an
of a dam safety team led by a dedicated group of
approach to multi-pollutant emission reduction that
highly qualified dam safety engineers.
we believe will serve as a model nationally – also part
of our vision to be a performance leader in all areas
of our operations.
KEEPING OUR COMMITMENTS
An ongoing commitment in 2006 was to the areas
Recently, AmerenUE announced its intent to rebuild
this important source of low-cost power, assuming
successful resolution of outstanding issues with
state authorities. The plan we proposed meets or
exceeds all modern safety criteria.
affected by the year-end 2005 breach at AmerenUE’s
Finally, at year-end 2006 we announced a new
Taum Sauk pumped-storage hydroelectric plant.
management structure that will align our company’s
We accepted full responsibility for the effects of the
breach the day that it happened, and we have not
backed away from that responsibility.
In fact, almost immediately after the breach, more
than 100 Ameren staff, temporary employees,
and contractors began removing tons of soil and
hundreds of felled trees to restore Johnson’s Shut-Ins
State Park.
And throughout the year, we worked to settle claims
associated with the incident, worked to restore water
quality in the lower reservoir and the Black River,
cooperated fully with state and federal investigators
and provided promotional support to tourism-
dependent businesses in the Taum Sauk Plant area.
organization and financial reporting more closely
with our three distinct areas of business – Missouri
regulated operations, Illinois regulated operations
and non-rate-regulated generation operations.
The goal in this reorganization, as in all our actions
throughout the year, is to improve the company’s
commitment to providing top-tier service for
customers and bottom-line results for shareholders.
I look forward to updating you about all of these
matters and answering your questions at our annual
shareholders meeting. This year’s meeting will be held
at The Saint Louis Art Museum on April 24, 2007.
Most importantly, we have put processes in place
Gary L. Rainwater
to guard against such an incident ever happening
Chairman, President and Chief Executive Officer
again at any of our facilities, including the creation
Ameren Corporation
The Ameren Executive Leadership Team: Left to right: Thomas R. Voss, Ameren executive vice president and chief
operating officer, AmerenUE president and chief executive officer; Gary L. Rainwater, chairman, president and chief
executive officer; Warner L. Baxter, Ameren executive vice president and chief financial officer, Ameren Services
president and chief executive officer; Scott A. Cisel, AmerenCILCO, AmerenCIPS and AmerenIP president and
chief executive officer; Donna K. Martin, Ameren Services senior vice president and chief human resources officer;
R. Alan Kelley, AmerenEnergy Resources president and chief executive officer; and Steven R. Sullivan, Ameren senior
vice president, general counsel and secretary.
2006 Ameren
15
R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
Ameren Corporation and Subsidiaries Officers and Directors
EXECUTIVE
LEADERSHIP TEAM
Gary L. Rainwater
Chairman,
President and
Chief Executive Officer
Warner L. Baxter
Executive Vice President
and Chief Financial Officer;
Ameren Services President
and Chief Executive Officer
Thomas R. Voss
Executive Vice President
and Chief Operating Officer;
AmerenUE President and
Chief Executive Officer
Scott A. Cisel*
President and
Chief Executive Officer,
AmerenCILCO, AmerenCIPS
and AmerenIP
R. Alan Kelley*
President and
Chief Executive Officer,
AmerenEnergy Resources
Donna K. Martin*
Senior Vice President
and Chief Human
Resources Officer
Steven R. Sullivan
Senior Vice President,
General Counsel
and Secretary
OTHER OFFICERS
Jerre E. Birdsong
Vice President and Treasurer
Mark C. Birk*
Vice President,
Power Operations
Maureen A. Borkowski*
Vice President,
Transmission
Charles A. Bremer *
Vice President,
Information Technology
and Ameren Services Center
Richard C. Cissell *
Vice President, Operations
Daniel F. Cole*
Senior Vice President,
Administration
J. L. Davis*
Vice President,
Energy Delivery
Gas Operations Support
Ronald K. Evans*
Vice President and
Deputy General Counsel
Karen C. Foss*
Vice President,
Public Relations, AmerenUE
Michael L. Moehn*
Vice President,
Corporate Planning
Robert L. Powers*
Vice President,
Generation Technical Services
Scott A. Glaeser *
Vice President, Gas Supply
and System Control
Donald M. Mosier*
Vice President,
Ameren Energy Marketing
William J. Prebil*
Vice President,
Regional Operations
Adam C. Heflin*
Vice President,
Nuclear Operations
Timothy E. Herrmann*
Vice President, Engineering,
Callaway Nuclear Plant
Christopher A. Iselin*
Vice President, Human
Resources Business Services
Mark C. Lindgren*
Vice President,
Corporate Human Resources
Martin J. Lyons
Vice President and Controller
Richard J. Mark*
Senior Vice President,
Missouri Energy Delivery
Michael L. Menne*
Vice President, Environmental,
Safety and Health
Michael G. Mueller*
President,
AmerenEnergy
Fuels and Services
Charles D. Naslund *
Senior Vice President
and Chief Nuclear Officer
Robert K. Neff *
Vice President,
Coal Supply
and Transportation
Craig D. Nelson*
Vice President,
Strategic Initiatives
Gregory L. Nelson*
Vice President and Tax Counsel
Joseph M. Power*
Vice President,
Federal Legislative
and Regulatory Affairs
David J. Schepers*
Vice President, Energy Delivery
Technical Services
Shawn E. Schukar *
Vice President,
AmerenEnergy, Inc.
Andy M. Serri*
President,
Ameren Energy Marketing
Jerry L. Simpson*
Vice President,
Business Services
James A. Sobule*
Vice President and
Deputy General Counsel
Dennis W. Weisenborn*
Vice President, Supply Services
Ronald C. Zdellar*
Vice President, Energy Delivery
Distribution Services
BOARD OF DIRECTORS
Stephen F. Brauer 2, 5
Chairman and
Chief Executive Officer –
Hunter Engineering Company
Susan S. Elliott 2, 6
Chairman and Co-Chief
Executive Officer – Systems
Service Enterprises, Inc.
Dr. Gayle P. W. Jackson 5, 6
President – Energy Global, Inc.
James C. Johnson 4, 5
Vice President,
Corporate Secretary and
Assistant General Counsel –
The Boeing Company
Richard A. Liddy 1, 2, 3
Retired Chairman –
GenAmerica Financial
Corporation
Gordon R. Lohman 1, 3, 4, 7
Retired Chairman and
Chief Executive Officer –
AMSTED Industries
Incorporated
Richard A. Lumpkin 2, 3
Chairman –
Consolidated
Communications
Holdings, Inc.
Charles W. Mueller 1, 5, 6
Retired Chairman and
Chief Executive Officer –
Ameren Corporation
Douglas R. Oberhelman 1, 2, 5
Group President –
Caterpillar Inc.
Gary L. Rainwater 1
Chairman, President
and Chief Executive Officer –
Ameren Corporation
Harvey Saligman 1, 3, 4
Partner – Cynwyd Investments
Patrick T. Stokes 3, 4
Chairman – Anheuser-Busch
Companies, Inc.
Jack D. Woodard 5, 6
Retired Executive
Vice President and
Chief Nuclear Officer –
Southern Nuclear Operating
Company, Inc.
1 Member of Executive Committee
2 Member of Audit Committee
3 Member of the Human Resources
Committee
4 Member of the Nominating and
Corporate Governance Committee
5 Member of the Public Policy
Committee
6 Member of the Nuclear
Oversight Committee
7 Lead Director
16
2006 Ameren
* Officer of an Ameren Corporation subsidiary only
Common Stock and Dividend Information
Ameren’s common stock is listed on the New York Stock
Exchange (ticker symbol: AEE). Ameren began trading on
January 2, 1998, following the merger of Union Electric
Company and CIPSCO Inc. on December 31, 1997.
Ameren common shareholders of record totaled 79,423
on December 31, 2006. The following table presents the
price ranges and dividends paid per Ameren common
share for each quarter during 2006 and 2005.
AEE 2006
Quarter Ended
March 31
June 30
September 30
December 31
AEE 2005
Quarter Ended
March 31
June 30
September 30
December 31
High
Low Close
$52.75 $48.51 $49.82
50.50
47.96
52.79
49.80
53.73
52.19
51.30
53.77
55.24
Dividends
Paid
63 1⁄2 ¢
63 1⁄2
63 1⁄2
63 1⁄2
High
Low Close
$52.00 $47.51 $49.01
55.30
48.70
53.49
52.05
51.24
49.61
55.84
56.77
54.46
Dividends
Paid
63 1⁄2 ¢
63 1⁄2
63 1⁄2
63 1⁄2
Annual Meeting
The annual meeting of Ameren Corporation shareholders
will convene at 9 a.m. (Central Time), Tuesday, April 24,
2007, at The Saint Louis Art Museum, One Fine Arts Drive,
Forest Park, St. Louis, Missouri. The annual shareholder
meetings of Central Illinois Light Company, Central Illinois
Public Service Company, Illinois Power Company and
Union Electric Company will be held at the same time.
DRPlus
Any person of legal age or entity, whether or not an
Ameren shareholder, is eligible to participate in DRPlus,
Ameren’s dividend reinvestment and stock purchase plan.
Participants can:
■ make cash investments by check or automatic direct
debit to their bank accounts to purchase Ameren
common stock, totaling up to $120,000 annually,
■ reinvest their dividends in Ameren common stock
or receive Ameren dividends in cash, and
■ place Ameren common stock certificates in
safekeeping and receive regular account statements.
For more information about DRPlus, you may obtain
a prospectus from the company’s Investor Services
representatives.
Direct Deposit of Dividends
All registered Ameren common, and Union Electric
Company, Central Illinois Light Company, Central Illinois
Public Service Company and Illinois Power Company
preferred, shareholders can have their cash dividends
R E A L P E O P L E . R E A L V A L U E . R E A L E N E R G Y .
Investor Information
automatically deposited to their bank accounts. This
service gives shareholders immediate access to their
dividend on the dividend payment date and eliminates
the possibility of lost or stolen dividend checks.
Corporate Governance Documents
Ameren makes available, free of charge through its
Web site (www.ameren.com), the charters of the
board of directors’ audit committee, human resources
committee, nominating and corporate governance
committee, nuclear oversight committee, and public
policy committee. Also available on Ameren’s Web
site are its corporate governance guidelines, director
nomination policy, communications to the board of
directors policy, policy and procedures with respect to
related-person transactions, Code of Business Conduct
(referred to as the “Corporate Compliance Policy”) and
its Code of Ethics for principal executive and senior
financial officers. These documents are also available
in print, free of charge upon written request, from the
Office of the Secretary, Ameren Corporation, P.O. Box
66149, Mail Code 1370, St. Louis, MO 63166-6149.
Ameren also makes available, free of charge through its
Web site, the company’s annual reports on SEC Form
10-K, quarterly reports on SEC Form 10-Q, and its current
reports on SEC Form 8-K, including the chief executive
officer and chief financial officer certifications required to
be filed with the Securities and Exchange Commission
with the annual and quarterly reports.
Online Stock Account Access
Ameren’s Web site (www.ameren.com) allows registered
shareholders to access their account information online.
Shareholders can securely change their reinvestment op-
tions, view account summaries, receive DRPlus statements
and more through the Web site. This is a free service.
Investor Services
Ameren’s Investor Services representatives are available
to help you each business day from 8:00 a.m. to
4:00 p.m. (Central Time). Please write or call: Ameren
Services Company, Investor Services, P.O. Box 66887,
St. Louis, MO 63166-6887. Phone: 314-554-3502 or
toll-free: 800-255-2237. Email: invest@ameren.com
Transfer Agent, Registrar and Paying Agent
The Transfer Agent, Registrar and Paying Agent for
Ameren common stock and Union Electric Company,
Central Illinois Light Company, Central Illinois Public
Service Company and Illinois Power Company preferred
stock is Ameren Services Company.
Office
Ameren Corporation
One Ameren Plaza
1901 Chouteau Avenue
St. Louis, MO 63103
314-621-3222
P.O. Box 66149
St. Louis, Missouri
63166-6149
www.ameren.com