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Ameren UE-Missouri and Illinois - Research Paper Example
Finance & Accounting
Pages 10 (2510 words)
This paper analyzes the Ameren Corporation. 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…
The paper "Ameren UE-Missouri and Illinois" concerns the Ameren Corporation. Last 1997, Ameren was born when the Union Electric Company of St. Louis, Missouri merged with its neighboring investor-owned public utility, CIPSCO Inc. 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. Ameren is traded in the New York Stock Exchange under the NYSE ticker symbol, AEE. 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. 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. 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”. Before UE and CIPSCO had decided to merge, the two utility companies were already having their owned holding companies and energy facilities. In order for them to be well-prepared. ...
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