AMC Combined 8-K Dated 09/27/05
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
____________________________
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of
Report (Date of earliest event reported):
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, Missouri 63103
(314)
621-3222
|
43-0559760
|
|
Company
(Illinois
Corporation)
607
East Adams Street
Springfield,
Illinois 62739
|
|
333-56594
|
Ameren
Energy Generating Company
(Illinois
Corporation)
1901
Chouteau Avenue
St.
Louis, Missouri 63103
(314)
621-3222
|
37-1395586
|
2-95569
|
CILCORP
Inc.
(Illinois
Corporation)
300
Liberty Street
Peoria,
Illinois 61602
(309)
677-5271
|
37-1169387
|
1-2732
|
Central
Illinois Light Company
(Illinois
Corporation)
300
Liberty Street
Peoria,
Illinois 61602
(309)
677-5271
|
37-0211050
|
1-3004
|
Illinois
Power Company
(Illinois
Corporation)
500
South 27th Street
Decatur,
Illinois 62521
(217)
424-6600
|
37-0344645
|
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
SECTION
8
- OTHER EVENTS
ITEM
8.01
Other Events.
Reference
is made to Outlook under Part I, Item 2. Management’s Discussion and Analysis of
Financial Condition and Results of Operations of the combined Form 10-Q for
the
quarterly period ended June 30, 2005, of registrant Ameren Corporation
(“Ameren”) and its registrant subsidiaries for a discussion of the estimated
increase in average Illinois electric rates after the expiration of the
legislative electric rate freeze on January 1, 2007, for Central Illinois Public
Service Company, doing business as AmerenCIPS, Central Illinois Light Company,
doing business as AmerenCILCO and Illinois Power Company, doing business as
AmerenIP, (collectively, the “Ameren Illinois Utilities”) which was reported by
Ameren during Illinois legislative hearings held in March 2005. Reference is
also made to the combined Current Report on Form 8-K dated September 15, 2005,
of Ameren and its registrant subsidiaries for a discussion of, among other
things, a letter dated September 2, 2005, from Illinois Governor Blagojevich
to
the Illinois Commerce Commission (“ICC”) expressing his opposition to the Ameren
Illinois Utilities’ proposed reverse auction process for procuring electric
generation to take effect after the current Illinois electric rate freeze
expires and requesting dismissal of the Ameren Illinois Utilities’ pending
proceeding for approval of such process (the “Governor’s letter”) (Exhibit 99.1
thereto) and for a discussion of the Ameren Illinois Utilities’ September 15,
2005, response to the Governor’s letter (Exhibit 99.2 thereto). As reported in
the Form 10-Q for the quarterly period ended June 30, 2005, Ameren indicated
at
the March legislative hearings that it expected the average electric rates
for
the Ameren Illinois Utilities, on a combined basis, to increase by 10% to 20%
in
2007 over present bundled rate levels, with 50% to 70% of this increase
resulting from higher power costs based on 2005 market prices for power at
the
time of the estimate.
Ameren
reports that updates to the assumptions upon which the above-referenced estimate
was based currently indicate that the average electric rates for the Ameren
Illinois Utilities, on a combined basis, may increase by 20% to 35% in 2007
over
present bundled rate levels. This new estimate (like the earlier estimate)
is
based on a number of assumptions about electricity consumption, market prices
for power, the type of power supply product to be procured, future auction
results, infrastructure investment levels, operating and financing costs,
ratemaking outcomes and various other factors. For the purpose of this new
estimate, August 2005 power prices in a range of around $55 per
megawatt hour were assumed. Such power prices represent in a range of
around 70% of the estimated 2007 average electric rate increase. Actual
results could be significantly different from these assumptions.
The
Ameren Illinois Utilities are unable to predict whether, and to what extent,
they will be granted the estimated electric rate increases by the ICC. In their
response to the Governor’s letter, the Ameren Illinois Utilities stated that
they look forward to engaging in further dialogue with the Governor and other
key stakeholders to find a constructive solution to this important matter.
A
constructive solution could include a rate increase phase-in plan.
This
combined Form 8-K is being filed separately by Ameren Corporation, Union
Electric Company, Central Illinois Public Service Company, Ameren Energy
Generating Company, CILCORP Inc., Central Illinois Light Company and Illinois
Power Company (each a “registrant”). 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.
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 hereunto
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 |
|
Vice
President and Controller
(Principal Accounting
Officer)
|
|
|
|
|
UNION
ELECTRIC COMPANY
(Registrant)
|
|
|
|
|
|
/s/
Martin J. Lyons |
|
Martin
J. Lyons |
|
Vice
President and Controller
(Principal Accounting
Officer)
|
|
|
|
|
CENTRAL
ILLINOIS PUBLIC SERVICE COMPANY
(Registrant)
|
|
|
|
|
|
/s/
Martin J. Lyons |
|
Martin
J. Lyons |
|
Vice
President and Controller
(Principal Accounting
Officer)
|
|
|
|
|
AMEREN ENERGY
GENERATING COMPANY
(Registrant)
|
|
|
|
|
|
/s/
Martin J. Lyons |
|
Martin
J. Lyons |
|
Vice
President and Controller
(Principal Accounting
Officer)
|
|
|
|
|
CILCORP
INC.
(Registrant)
|
|
|
|
|
|
/s/
Martin J. Lyons |
|
Martin
J. Lyons |
|
Vice
President and Controller
(Principal Accounting
Officer)
|
|
|
|
|
CENTRAL
ILLINOIS LIGHT COMPANY
(Registrant)
|
|
|
|
|
|
/s/
Martin J. Lyons |
|
Martin
J. Lyons |
|
Vice
President and Controller
(Principal Accounting
Officer)
|
|
|
|
|
ILLINOIS
POWER COMPANY
(Registrant)
|
|
|
|
|
|
/s/
Martin J. Lyons |
|
Martin
J. Lyons |
|
Vice
President and Controller
(Principal Accounting
Officer)
|
Date:
September 27, 2005