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Ameren UE-Missouri and Illinois - Research Paper Example
Finance & Accounting
Pages 8 (2008 words)
I. Introduction Ameren Corporation is an energy utility company that served 70 countries worldwide. Its “strategy will be to build value for shareholders, maintain competitive prices for customers, and create opportunities for employees now and into the next century” (Stagen)…
which is the holding company of Central Illinois Public Service Company. Due to this merger, Ameren was able to widen its geographic scope and became one of the nation’s largest utility holding companies. It is now the parent company of UE and CIPSCO Inc. that primarily serve the people of Missouri, Illinois and Iowa (Stagen). Ameren is traded in the New York Stock Exchange (NYSE) under the NYSE ticker symbol, AEE (“Ameren Stock Price”). Ameren Missouri is headquartered in St. Louis, Missouri and Ameren Illinois is based in Peoria, III, and its current president and CEO is Thomas R. Voss. On the other hand, Ameren has a 0% insider ownership and 58% institutional ownership (“Ameren Corporation (AEE-NYSE”). Aside from being the largest electricity provider in Illinois and Missouri, Ameren is also a natural gas and oil distributor, an operator of nuclear and hydroelectric power plants, merchant power production and other energy-related services (“Ameren Facts”). Recently, the company is held as one of the “nation’s largest investor-owned electric and gas utilities” serving “2.4 million electric and nearly one million natural gas customers around a 64,000-square-mile are of Illinois and Missouri” (“Our Businesses”). ...
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