Quarterlytics / Utilities / Regulated Electric / Ameren

Ameren

aee · NYSE Utilities
Claim this profile
Ticker aee
Exchange NYSE
Sector Utilities
Industry Regulated Electric
Employees 5001-10,000
← All annual reports
FY2010 Annual Report · Ameren
Sign in to download
Loading PDF…
2010 Annual Report 

p. 8

p. 10

p. 12

Focused Energy. For Life. is our promise to our customers, communities and shareholders:  The men 

and women of Ameren, over 9,000 strong, are focused on making sure that the energy our customers 

and communities need to live, work and grow is there – for today, for tomorrow, for life.  

Focused On…

Shareholders | 1

Communities | 8

Operations | 10

The Environment  | 12

My Fellow Shareholders,

This past year was marked by significant accomplishments 

at our company. We returned our newly rebuilt Taum Sauk 

pumped-storage hydroelectric plant to service, installed major 

environmental controls at two coal-fired plants, simplified  

our corporate structure and improved our safety and customer 

satisfaction performance. All of this was accomplished while 

being disciplined about cost management, which, coupled with 

strong customer sales and rate relief, allowed us to overcome 

the financial challenges posed by weak wholesale power prices.

Focused Energy. For Life. is more than the theme of this  

report; it is a reflection of our vision to lead the way to a secure 

energy future.

p. 1

B

C

A

A. Ameren owns a robust transmission 
system of nearly 7,500 circuit miles and 
sees opportunities for a new subsidiary – 
Ameren Transmission Company (ATX) – to 
invest in regional reliability and efficiency.  

B. Andrea Donsbach, Ameren engineer, 
and CEO Tom Voss discuss the solar 
energy installation now on the rooftop of 
Ameren’s headquarters, where an energy 
learning center provides real-time data on 
five different solar power technologies. 

C. In 2010, Ameren’s three Illinois electric 
and natural gas delivery companies 
merged into a single legal entity – Ameren 
Illinois – increasing efficiency and 
offering greater convenience and clarity 
to customers and investors. At the same 
time, for greater clarity for our customers, 
Missouri-based AmerenUE was rebranded 
as Ameren Missouri.  

“  We ensure that the energy needed to power 
our lives and economy is there – not just for 
today, but for generations to come.”

By optimizing day-to-day operations, while  

customers. In support of the diverse communi-

planning strategically for the long-term, we  

ties we serve, we have significantly expanded our 

ensure that the energy needed to power our  

supplier diversity efforts. For the second year in 

lives and economy is there – not just for today,  

a row, we have been recognized by the St. Louis 

but for generations to come. That is our promise. 

Minority Business Council as the corporation of 

To deliver on that promise, we are using 

the year. 

our resources to enhance the value of your 

investment, while meeting current needs and 

implementing long-term strategies in five key 

areas: Customers, Communities, Workforce, 

Operations and you, our Shareholders.

Each year, Ameren financially supports many  

programs that provide services to people in need 

and improve our communities. Our employee  

volunteerism effort is well on its way to our goal  

of 250,000 hours of community service annually 

FocuSing on cuSToMerS, coMMuniTieS 

by 2014. 

FocuSing on our WorkForce, operATionS

We have been actively engaged in building a 

high-performance workforce and have continued 

to improve our operating and environmental  

performance. We have also developed a robust 

plan for the future generation needs of our  

regulated customer base in Missouri. 

Our customer satisfaction ratings have shown 

steady improvement in the past few years. Since 

2004, the number of outages per customer has 

dropped by 19 percent. We continue to invest 

the time and capital necessary to develop infra-

structure that is critical to serving our customers’ 

energy needs. 

To help customers manage their energy bills 

and protect the environment, we are promoting 

the efficient use of energy through a range of 

programs. We are also supporting renewable 

generation in Illinois and Missouri. This spring 

we break ground on a new power plant that will 

tap landfill gas to generate enough power for 

10,000 households. We also have installed solar 

energy systems at our St. Louis headquarters and 

created a solar energy education center for our 

p. 3

“  on the generation side of our business, we 
have championed a number of programs that 
contribute to environmental sustainability.”

We continue to make safety a top priority at 

the solutions we have available for the future, 

Ameren. In 2010, our recordable injuries were 

we are working with every major electric energy 

down 16 percent, and our lost workdays declined 

provider in the state of Missouri and Governor 

by 32 percent, compared to 2009.

Jay Nixon to preserve an option to build a new 

On the generation side of our business, we have 

championed a number of programs that contribute 

to environmental sustainability. Over the past two 

years, we have completed the installation of five 

scrubber systems – major equipment additions that 

remove nearly all of a plant’s sulfur dioxide emis-

sions and materially reduce nitrogen oxide and 

mercury emissions. With its return to service, our 

nuclear energy facility at our Callaway Plant site. 

This unprecedented alliance is supporting legis-

lation that would enable us to move forward on 

an early site permit from the Nuclear Regulatory 

Commission. This permit would keep open the 

option of building an additional emissions-free 

nuclear facility in the next two decades for the 

benefit of the entire state of Missouri. 

450-megawatt Taum Sauk Hydroelectric Plant is 

We have not accomplished these environmental 

proving to be a valuable energy storage resource. 

achievements by ignoring operating efficiency – 

Severely damaged five years ago, the plant can 

our combined regulated and merchant generating 

store energy generated during non-peak periods, 

plant availability stood at industry-leading levels 

which is when wind power is often available, and 

in 2010. 

make electricity available when it is needed. 

In February 2011, we filed an integrated resource 

its strong safety record. In the wake of another 

plan with the Missouri Public Service Commission 

utility company’s gas transmission line explosion 

that provides a detailed analysis of our customers’ 

in California, we proactively re-inspected our high 

future energy needs and the relative merits of 

pressure gas transmission lines.

Our natural gas distribution business continued 

various generation options. Given a number 

of uncertainties, including the impact of more 

stringent environmental regulation, our aging 

infrastructure and economic, legislative and regu-

latory factors, we will work tirelessly to provide the 

best solutions for customers and shareholders. 

Undoubtedly, we must pursue a range of potential 

options, including nuclear, fossil and renewable 

fuels as well as energy efficiency. To optimize  

Our merchant generating plants have taken  

several steps to remain highly competitive. 

In 2009 and 2010, we reduced staffing at our 

merchant business by over 200 positions and 

significantly lowered planned capital expendi-

tures. We are focused on maintaining a low-cost 

structure and prudently addressing environmental 

mandates.

p. 4

A

B

A. In downtown St. Louis, Scottrade 
Center installed energy efficient 
lighting inside the entertainment 
venue. This project was supported 
by incentives that are part of Ameren 
Missouri’s energy efficiency programs, 
which help the environment and save 
customers money. Program costs are 
eligible for recovery in rates. 

B. Ray Boccardi, shown here with  
Ameren Illinois Engineering  
Representative Barbara Baldridge,   
depended on Ameren Illinois’ gas  
experts when he set up the new  
Joe Boccardi’s Ristorante in Swansea, 
Ill. In addition to good service, Ameren’s 
nearly one million natural gas custom-
ers enjoy safe service. Ameren Illinois’ 
average gas leak response time is an 
industry-leading 23 minutes. 

C. Gateway Regional Medical Center 
upgraded the energy efficiency and 
reliability of its cooling system with 
the help of a nearly $230,000 grant 
from Ameren Illinois’ Act On Energy 
program. Aimed at helping customers 
save energy, the program is funded 
through a charge on energy bills. 

D. Since 2009, Missouri residential 
customers have received annual 
personal energy reports, providing  
such information as year-to-year 
comparisons of household energy usage 
plus tips on ways to save energy and 
details on discounts offered on energy 
efficient products. 

C

D

A

D

Ameren’s Executive Leadership 
Team: (A) Thomas R. Voss, Chair-
man, President and Chief Executive 
Officer, Ameren Corporation;  
(B) Warner L. Baxter, Chairman,  
President and Chief Executive  
Officer, Ameren Missouri;  
(C) Scott A. Cisel, Chairman,  
President and Chief Executive  
Officer, Ameren Illinois; (D) Daniel 
F. Cole, Chairman, President and 
Chief Executive Officer, Ameren 
Services; (E) Steven R. Sullivan, 
Chairman, President and Chief 
Executive Officer, Ameren Energy 
Resources; Chairman and President, 
Ameren Energy Generating;  
and Secretary, Ameren Corporation; 
(F) Maureen A. Borkowski, Chair-
man, President and Chief Executive 
Officer, Ameren Transmission;  
(G) Karen C. Foss, Senior Vice  
President, Communications and 
Brand Management, Ameren  
Services; (H) Adam C. Heflin, 
Senior Vice President and Chief 
Nuclear Officer, Ameren Missouri; 
(I) Martin J. Lyons, Jr., Senior  
Vice President and Chief Financial 
Officer, Ameren Corporation;  
(J) Richard J. Mark, Senior  
Vice President, Customer  
Operations, Ameren Missouri; 

B

E

C

F

G

H

I

J

K

L

M

(K) Charles D. Naslund, Senior Vice President, Generation and Environmental Projects, Ameren Missouri;  
(L) Michael L. Moehn, Senior Vice President, Corporate Planning and Business Risk Management, Ameren  
Services; and (M) Andrew M. Serri, President and Chief Executive Officer, Ameren Energy Marketing 

FocuSing on ShAreholder VAlue

and maintaining generation options for our future. 

Our employees and leadership team will continue 

We will prudently manage our operations and 

to focus our energy on tight control of capital 

finances and remain dedicated to providing an 

and optimization of the value of our regulated 

attractive total return based on a strong dividend 

and merchant generation businesses. Our rate 

and long-term prospects for earnings growth.

cases in Missouri and Illinois should allow our 

revenues to better keep pace with our costs and 

investments, while still providing customers with 

rates that are below the national average. Our 

merchant plants should benefit from an eventual 

recovery in power prices prompted by economic 

growth and a corresponding increase in demand 

for electricity.

In closing, I want to express our deep gratitude 

to two, retiring, long-time directors who have 

contributed a great deal to our company. Former 

Ameren Chairman, President and CEO Charles 

Mueller was an employee for over 40 years and 

has been a director since 1993. Harvey Saligman 

will retire after more than 20 years on our board. 

Both Chuck and Harvey have served with extraor-

To capitalize on Ameren’s already robust, high-

dinary distinction. Their vision and leadership will 

voltage transmission system, we formed a new 

be missed. 

subsidiary – Ameren Transmission Company 

(ATX). ATX intends to build greenfield regional 

transmission projects, initially within Illinois and 

Missouri, and has identified more than $3 billion  

of investment opportunities with attractive  

return potential.

2010 was a solid year, and we have seized on 

multiple opportunities to improve our outlook for 

the future. We expect 2011 to be marked by  

final versions of proposed and significant new 

environmental rules, which will shape the future 

of generation in the United States and the future 

of our businesses. We are committed to a leading 

role in the environmental debate and creating 

I also want to thank our employees for their  

commitment to building an ever stronger  

company. Rest assured, we are working diligently 

to deliver on our goals. 

I invite you to attend this year’s annual meeting on 

April 21 at Powell Symphony Hall in St. Louis.

Thomas R. Voss 
Chairman, President and Chief Executive Officer 
Ameren Corporation

p. 7

A

A. A rebate from Ameren Illinois’ energy efficiency program 
helped pay for new lighting so students can more easily find 
the right books at Cullom-Davis Library on the campus of 
Bradley University. The library serves as a valuable resource 
for the 6,000 students at the Peoria, Ill.-based institution  
and is open to the community. Program costs are covered  
by charges on customer bills. 

B

B. Over 19,000 children with physical or mental disabilities 
benefit from programs funded by Variety the Children’s 
Charity of St. Louis. In 2010, Variety awarded Ameren its 
President’s Award, in recognition of the company’s support. 

W e ’ r e   F o c u s e d   O n   E n r i c h i n g   O u r

Commun ties

pArTnering WiTh our MAny  
coMMuniTieS To MAke TheM BeTTer 
plAceS To liVe 

AT AMEREN, WE NURTURE OUR RELATIONSHIPS with our communities 

through corporate contributions, employee volunteerism and a range of programs. 

In 2010, we provided additional help to those most in need in this tough 

economy — from supporting housing for the homeless to providing emergency 

food supplies and energy assistance. In addition, our economic development 

programs assisted communities in a difficult economy. By partnering with 

economic development organizations, we helped attract over $194 million in 

new project investment and approximately 1,200 new jobs. We supported such 

projects as the new distribution center for World Wide Technology, Inc. — a 

leading systems integrator, in Edwardsville, Ill., and the new 224,000 square-foot 

technology and innovation center built in St. Louis County by Express Scripts, 

Inc., one of the largest pharmacy benefit management companies in North 

America. We also supported a variety of creative programs to encourage more 

efficient use of energy and safe practices in using gas and electricity. Launched 

in 2010, the online site — KidsActOnEnergy.com — provides a range of energy 

efficiency and safety information for kids, teachers and parents, reaching more 

than 40,000 Illinois elementary and junior high students in 2010 alone.  

p. 9

A. 2010 marked a return to service for Ameren Missouri’s 
450-megawatt Taum Sauk Hydroelectric Plant. Severely 
damaged by overtopping five years ago, the plant’s upper 
reservoir was rebuilt, and the plant now has a new, state-of-
the-art distributed control system that is shown here.

B. Two, 400-foot towers were needed to span the Mississippi 
River for a 345,000-volt, 30-mile transmission line that 
connects the Dynegy Baldwin Plant in Illinois to the Ameren 
Missouri Rush Island Plant in Missouri – all to increase 
reliability and reduce future congestion on the grid. 

A

B

W e ’ r e   F o c u s e d   O n   E n h a n c i n g 

Opera ions

keeping The gAS And elecTriciTy FloWing  
in A SAFe, reliABle, eFFicienT, enVironMenTAlly 
reSponSiBle MAnner

OPERATIONAL EXCELLENCE means available generation — keeping plants 

running 24/7. It means rebuilding our pumped-storage hydroelectric plant’s 

upper reservoir to provide energy storage and quick start generation. It also 

means investing in a smarter distribution system so system operators can better 

monitor, control and respond to grid conditions. In 2010, as part of our customer 

strategic initiative, Ameren Missouri’s grid became even smarter with the 

automation of all distribution circuits at its Maryland Heights, Mo., substation,  

integrating several technical applications that, when combined, improved 

system operation and reliability. The complexity and sophistication of the 

Dorsett Distribution Automation Project has captured the attention of the utility 

industry, with the Electric Power Research Institute, the key industry research 

organization, showcasing this initiative as one of a select number of “Smart 

Grid” demonstration projects. 

p. 11

A

B

A. Ameren has installed five new scrubber systems in two 
years – the most recent installation was at our Sioux Plant 
outside St. Louis. These sophisticated air filtration systems 
remove nearly all of the plant’s sulfur dioxide emissions and 
materially reduce nitrogen oxide and mercury emissions. 

B. Riverlands Migratory Bird Sanctuary, near Alton, Ill.,  
is home to hundreds of swans and to 1,000 new Ameren 
“swan diverters” designed to keep breeding swans from 
being injured by flying into transmission lines. 

W e ’ r e   F o c u s e d   O n   P r o t e c t i n g   t h e

Envir nment

SupporTing reneWABle energy, cleAn coAl  
TechnologieS, WASTe reducTion — All  
cornerSToneS oF enVironMenTAl  
perForMAnce leAderShip 

OVER THE yEARS, Ameren has invested in renewable energy resource 

development, recycled and stored waste responsibly and served as an industry 

leader in reducing emissions at its power plants. To support research on clean 

coal technologies, Ameren is a partner in FutureGen 2.0 — funded by one 

billion federal stimulus dollars. Through FutureGen 2.0, our Meredosia Plant in 

Illinois would become the world’s first full-scale oxy-combustion power plant. 

Once retrofitted, a unit at this merchant generating plant would capture more 

than 90% of the carbon dioxide (CO2) emitted at the site. A coal combustion 
byproduct often linked to climate change, the CO2 would then be piped and 
injected into underground storage areas. While certain conditions must be met 

before the project moves forward, we are excited about the prospect of building 

a near-zero-emission facility that will serve as an invaluable testing ground for 

these critical new technologies. 

p. 13

Financial Highlights

AMEREN CONSOLIDATED  
(In millions, except per share amounts and as noted) 

2010 

  2009 

2008

 year Ended December 31,

RESULTS OF OPERATIONS  
Operating revenues  

Operating expenses 

Operating income 

Net income attributable to Ameren Corporation  

COMMON STOCK DATA
Earnings per basic and diluted share   

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, net of cash 

OPERATING DATA
Total electric sales (kilowatthours) 
Native natural gas sales (decatherms in thousands) 
Total generation output (kilowatthours) 
Electric customers 
Natural gas customers 

 $7,638    
 $6,722    
 $916    
 $139    

$7,135 

$5,719 
 $1,416  
$612 

 $0.58    
 $1.54    
5.5%   
 $28.19    
238.8   
 $6,777    
 $32.15    

 $17,853    
 $23,515    
 $6,853    

51.3%   
0.9%   
 47.8%   

 111,887    
 103,012    
 77,698    
 2.4   
 0.9   

$2.78 

$1.54 

5.5% 

$27.95 

220.4 

$6,635 

$33.08 

$17,610 

$23,702  

$7,111 

50.3% 

1.3% 

 48.4% 

104,062 
107,647 
76,239 
2.4 
0.9 

$7,869

$6,507

$1,362 

$605

$2.88 

$2.54 

7.6%

$33.26 

210.1

$7,062 

$32.80 

$16,567

$22,671 

$6,554 

45.9%

1.3%

 52.8%

107,754 
119,712 
80,859 
2.4
0.9

p. 14

  
   
 
 
Electrical Generating Capacity 
(Expected for 2011 summer peak)

6,300

megawatts of merchant 
generating capacity

3,300,000

electric and natural  
gas customers 

10,400

megawatts of  
Ameren Missouri  
generating capacity

Peoria

Springfield

Decatur

St. Louis

Company Headquarters

Subsidiary Headquarters

Electric Service Territory

Electric and Natural Gas 
Service Territory

Ameren companies serve approximately  
2.4 million electric and nearly one million  
natural gas customers over 64,000 square  
miles in Illinois and Missouri. Our service  
territory includes a diverse base of residential, 
commercial and large industrial customers in 
both urban and rural areas. In Missouri, we 
operate primarily as a traditional, rate-regulated 
utility with approximately 10,400 megawatts 
of generating capacity. Our Illinois operations 
include rate-regulated electric and natural 
gas transmission and distribution businesses. 
Ameren’s merchant generation business  
includes several coal-fired plants and mul-
tiple natural gas-fired units with a capacity of 
approximately 6,300 megawatts of generation. 
Ameren Missouri is the largest electric utility 
in the state, while Ameren Illinois ranks as the 
second largest electric distributor and one of 
the largest natural gas distributors in Illinois. 

Residential Rates 
(Cents per kilowatthour at June 2010)

Capitalization  
(December 31, 2010)

U.S. Average

Ameren  Illinois

Ameren Missouri

11.74¢

9.92 ¢

7.18 ¢

0.9% 
Preferred 
Stock

51.3% 
Equity

47.8% 
Debt

Commercial Rates 
(Cents per kilowatthour at June 2010)

U.S. Average

Ameren  Illinois

9.97 ¢

8.77 ¢

Ameren Missouri

5.83 ¢

Source: Summer 2010 EEI Typical Bills and Average Rates Report

p. 15

Ameren Corporation and Subsidiaries Officers and Directors

ExECUTIVE  LEADERSHIP TEAM

Thomas R. Voss
Chairman, President and  
Chief Executive Officer,  
Ameren Corporation

Warner L. Baxter*
Chairman, President and  
Chief Executive Officer,  
Ameren Missouri

Scott A. Cisel*
Chairman, President and 
Chief Executive Officer,  
Ameren Illinois

Daniel f. Cole*
Chairman, President and  
Chief Executive Officer,  
Ameren Services

Steven R. Sullivan**  
Chairman, President and  
Chief Executive Officer,  
Ameren Energy Resources; 
Chairman and President,  
Ameren Energy Generating 
Company; and Secretary,  
Ameren Corporation 

Maureen A. Borkowski*, **
Chairman, President and Chief 
Executive Officer, Ameren 
Transmission Company

Karen C. foss*
Senior Vice President,  
Communications and Brand 
Management, Ameren Services 

Adam C. Heflin*
Senior Vice President and  
Chief Nuclear Officer,  
Ameren Missouri

Martin J. Lyons, Jr.
Senior Vice President and  
Chief Financial Officer 

Richard J. Mark*
Senior Vice President, Customer 
Operations, Ameren Missouri

Michael L. Moehn*
Senior Vice President, Corporate 
Planning and Business Risk  
Management, Ameren Services

Charles D. Naslund*, ** 
Senior Vice President,  
Generation and Environmental 
Projects, Ameren Missouri

Andrew M. Serri*
President and Chief Executive  
Officer, Ameren Energy Marketing 

OTHER OffICERS

Lynn M. Barnes*
Vice President, Business  
Planning and Controller,  
Ameren Missouri

Jerre E. Birdsong
Vice President and Treasurer 

Mark C. Birk*
Vice President, Power  
Operations, Ameren Missouri

S. Mark Brawley*
Vice President, Internal Audit, 
Ameren Services

Kevin DeGraw*
Vice President, Enterprise Risk 
and Project Management,  
Ameren Services

fadi Diya*
Vice President, Nuclear  
Operations, Ameren Missouri

Scott A. Glaeser*
Vice President, Gas & Electric 
Technical Services, Ameren 
Illinois 

Mary P. Heger*
Vice President, Information 
Technology and Ameren  
Services Center, Ameren 
Services

David Hunt*, **
Vice President, Corporate  
Communications, Ameren 
Services

Christopher A. Iselin*
Vice President, Generation, 
Ameren Energy Resources 

Stephen M. Kidwell*
Vice President, Corporate  
Development, Ameren Services 

Mark C. Lindgren*
Vice President, Human  
Resources, Ameren Services

Michael L. Menne*
Vice President, Environmental 
Services, Ameren Services

Michael G. Mueller*
Vice President, Energy Trading 
and Fuel Commodities,  
Ameren Missouri

Craig D. Nelson*
Senior Vice President,  
Regulatory Affairs and Financial 
Services, Ameren Illinois 

Gregory L. Nelson**
Senior Vice President and  
General Counsel

Stan E. Ogden*
Vice President, Customer  
Service and Public Relations, 
Ameren Illinois 

Ronald D. Pate*
Vice President, Operations, 
Ameren Illinois 

Joseph M. Power*
Vice President, Federal  
Legislative and Regulatory  
Affairs, Ameren Services

Cleveland O. Reasoner*
Vice President, Engineering, 
Callaway Nuclear Plant,  
Ameren Missouri 

David J. Schepers*
Vice President, Energy  
Delivery Technical Services, 
Ameren Missouri

Shawn E. Schukar*
Vice President, Strategic  
Initiatives, Ameren Services

James A. Sobule*
Vice President and Deputy General 
Counsel, Ameren Services

Bruce A. Steinke
Vice President and Controller

David N. Wakeman*
Vice President, Energy  
Delivery-Distribution Services, 
Ameren Missouri

Dennis W. Weisenborn*
Vice President, Supply Services, 
Ameren Services

D. Scott Wiseman*
Vice President, Regulatory Affairs, 
Ameren Illinois 

Warren T. Wood*
Vice President, Regulatory  
and Legislative Affairs,  
Ameren Missouri

BOARD Of DIRECTORS

Stephen f. Brauer 2, 4
Chairman and Chief  
Executive Officer, Hunter  
Engineering Company

Ellen M. fitzsimmons 2, 4
Senior Vice President of  
Law and Public Affairs,  
General Counsel and  
Corporate Secretary,  
CSX Corporation

Walter J. Galvin 1, 2
Vice Chairman, Emerson  
Electric Co.

Dr. Gayle P. W. Jackson 4, 5
President and Chief Executive 
Officer, Energy Global, Inc.

James C. Johnson 3, 4
General Counsel,  
Loop Capital Markets, LLC

Steven H. Lipstein 1, 3
President and Chief Executive 
Officer, BJC HealthCare

Charles W. Mueller 1, 5
Retired Chairman and  
Chief Executive Officer,  
Ameren Corporation

Harvey Saligman 3, 4
Partner, Cynwyd Investments

Patrick T. Stokes 1, 3, 6
Former Chairman,  
Anheuser-Busch 
Companies, Inc.

* Officer of an Ameren Corporation subsidiary only
** As of March 2, 2011

1  Member of  the Finance Committee

2  Member of the Audit and Risk  
  Committee

3  Member of the Human Resources 
  Committee

4  Member of the Nominating and 
  Corporate Governance Committee

5  Member of the Nuclear Oversight and 
  Environmental Committee

6   Lead Director

Thomas R. Voss 
Chairman, President and  
Chief Executive Officer,  
Ameren Corporation

Stephen R. Wilson 2, 5
Chairman, President and  
Chief Executive Officer,  
CF Industries Holdings, Inc.

Jack D. Woodard 3, 5
Retired Executive Vice  
President and Chief Nuclear 
Officer, Southern Nuclear  
Operating Company, Inc.

Investor Information

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 67,035 on December 
31, 2010. The following table provides the closing price ranges 
and dividends paid per Ameren common share during each 
quarter of 2010 and 2009.

AEE 2010

     Dividends

Quarter Ended 

High 

Low   Close 

Paid

March 31 

June 30 

September 30 

December 31 

AEE 2009

$28.27  $24.14  $26.08 
23.09 
23.45 

28.99 

28.40 

23.77 

26.92 

29.89   27.65 

28.19 

38 1⁄2 ¢
38 1⁄2 
38 1⁄2 
38 1⁄2

     Dividends

Quarter Ended 

High 

Low   Close 

Paid

March 31 

June 30 

September 30 

December 31 

$35.35  $19.51  $23.19 
21.75 
23.09 

24.89 

25.25 

27.66 

25.28 

28.67   23.78 

27.95 

38 1⁄2 ¢
38 1⁄2 
38 1⁄2 
38 1⁄2

ANNUAL MEETING  
The annual meeting of Ameren Corporation shareholders will 
convene at 9 a.m. (Central Time), Thursday, April 21, 2011, at 
Powell Symphony Hall, 718 North Grand Boulevard, St. Louis, 
Missouri. The annual shareholder meetings of Ameren Illinois 
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 (minimum 
dividend reinvestment requirement of 10% as of January 1, 
2011) 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 Ameren’s Investor Services representatives.

DIRECT DEPOSIT Of DIVIDENDS  
All registered Ameren common and Ameren Illinois Company 
and Union Electric Company preferred shareholders can have 
their cash dividends 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 website 
(www.ameren.com), the charters of the board of directors’ 
audit and risk committee, human resources committee, 
nominating and corporate governance committee, nuclear 
oversight and environmental committee, and finance 
committee. Also available on Ameren’s website are its 
corporate governance guidelines, policy regarding nominations 
of directors, policy regarding communications to the board 
of directors, 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 website, 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 any chief executive officer 
and chief financial officer certifications required to be filed with 
the Securities and Exchange Commission therewith.

ONLINE STOCK ACCOUNT ACCESS  
Ameren’s website (www.ameren.com) allows registered 
shareholders to access their account information online. 
Shareholders can securely change their reinvestment options, 
view account summaries, receive DRPlus statements and more 
through the website. 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  
314-554-3502  
800-255-2237  
invest@ameren.com

TRANSfER AGENT , REGISTRAR AND P AyING AGENT  
The Transfer Agent, Registrar and Paying Agent for Ameren 
common stock and Ameren Illinois Company and Union Electric 
Company preferred stock is Ameren Services Company.

Ameren Corporation 
One Ameren Plaza 
1901 Chouteau Avenue 
St. Louis, MO 63103 
314-621-3222

 
 
 
 
 
 
 
 
 
 
 
 
P.O. Box 66149
St. Louis, MO 63166-6149
www.ameren.com