Increasing Ameren's FVE to $55 After Passage of Senate Bill 564
We are increasing our fair value estimate to $55 per share from $53 after the Missouri General Assembly passed Senate Bill 564. The bill was previously passed by the Senate, and we expect the governor to sign it.We have long been critical of Missouri's difficult regulatory environment. Ameren management's patient, yet persistent efforts to improve Missouri's legislation is beginning to bear fruit. With the passage of Senate Bill 564, we expect Ameren to invest up to an additional $1 billion fr...
Ameren is a public utility holding company. Through its subsidiary, Union Electric Company, the company operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri. Through its subsidiary, Ameren Illinois Company, the company operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois. Through its Ameren Transmission Company of Illinois subsidiary, the company operates a Federal Energy Regulatory Commission rate-regulated electric transmission business. The company also has other subsidiaries that conduct other activities, such as providing shared services.
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