As we have discussed with you in the past, MISO completed a study outlining a potential roadmap of transmission investments through 2039 taking into consideration the rapidly evolving generation mix that includes significant additions of renewable generation based on announced utility integrated resource plans, state mandates and goals for clean energy or carbon emission reductions, among other things. That concludes our prepared remarks. Just curious with the pending sunset of that QIP rider, how you're thinking about potential forward looking cadence of filings or potentially, is there any appetite that you perceive for some kind of legislative solution, maybe akin to the multi-year rate plans that are now available on the electric side of things? Our next question is from the line of David Paz with Wolfe Research. As I sit here today, I can confidently say that we have been able to deliver on these through strong execution of our plan. This data is not always in agreement with annually released government data due to differences in calculation methods and time periods. As I just mentioned, Missouri Senate Bill 745, passed earlier this year and became effective in August, enhancing and extending the sunset date on the current Smart Energy Plan legislation through December 31, 2028 with an extension through December 31, 2033 if the utility requests and PSC approves. Yes. Additionally, Ameren plans to eliminate fees for customers paying their bills with a credit card and reduce late fees when the rate increase takes effect. This makes the provider 1174th lowest for average electricity price out of 2923 suppliers in the US. It's also important to note that a portion of the interest cost is also capitalized in the normal course is related debt supports construction work in progress. I mean, I was just wondering if you could -- you did mention different maturities and everything going on. Electric and gas customers will see an increase on their bills beginning Feb. 28, 2022, increasing Amerens annual revenues for electric services by $220 million and gas by $5 million overall. Ameren Corporation (NYSE:AEE) Q3 2022 Earnings Conference Call November 4, 2022 10:00 AM ET, Michael Moehn - Executive VP, CFO, Ameren Corp., President, Ameren Services. Greetings, and welcome to Ameren Corporation's Third Quarter 2022 Earnings Call. Eligibility requirements may apply. JEFFERSON CITY---To primarily reflect estimated changes in the wholesale cost of natural gas, Union Electric Company d/b/a Ameren Missouri natural gas customers will see rates change under a filing that will take effect on November 1, 2022.Residential customers currently pay approximately $0.93 per Ccf (per hundred cubic feet) of natural gas. We were able to successfully execute on several debt issuances earlier this year, which are outlined on this page. Changes in long term and short-term debt costs today in Ameren Missouri and Ameren Illinois Natural Gas will be incorporated into rate reviews for recovery over time, which includes a trued-up to . This page summarizes our strong sustainability value proposition and focus on environmental, social governance and sustainable growth goals. We recognize the inflationary environment customers are facing we're working to keep bills as low as possible and write energy savings programs for our customers. As noted on page two of the presentation, comments made during this conference call may contain statements that are commonly referred to as forward -looking statements. Ameren Missouri is the 33rd highest producer of electricity in the country out of 3509 companies, producing 40,082,068.37 megawatt hours. Moving now to quarterly results. I noticed, I guess, I was just wondering if you had a sheet on and Mike of course, there is short term you have and what have you. This earnings growth is primarily driven by strong rate base growth supported by strategic allocation of infrastructure investment to each of our operating segments based on their constructive regulatory frameworks. This sign-up bonus is for participation in the program. We expect to update and roll forward our five-year capital plan on our year-end call-in February. Thank you. Ameren Missouri Vice President of Legislative and Regulatory Affairs Warren Wood previously told The Missouri Times Ameren had kept its rates low for customers, with the most recent increase taking place in 2017. Yes, I'll start and Marty can certainly supplement it. Yes, I appreciate the question. In October, we supplement our filing to request a tracker for the benefits and costs resulting from the Inflation Reduction Act. And we remain committed to helping our customers keep their bills as low as possible, through robust energy efficiency programs, and energy assistance for those in need. Missouri's two largest independently owned utilities - Kansas City Power & Light and Ameren Missouri - include CHP as an eligible measure within their custom business energy efficiency programs. Thanks all and be safe. Select your state to personalize your experience. This is a comparison to our original guidance range of $3.95 to $4.15 per share. Ameren is the 33rd largest generator of electricity out of 3509 companies in the United States, producing 40,082,068.37 megawatt hours. Ameren Missouri provides electric service to over 1.2-million customers in Missouri including in the Lake Area. Ameren generates 508,774.87 megawatt hours using natural gas and ranks 178th in the country out of 3509 suppliers for this category. Ameren Missouri produces 8.82% of their electricity from renewable fuel sources, which ranks them 349th out of the 3509 companies we track in the United States. Next earnings from our FERC related electric transmission activities are expected to benefit from additional investments in Ameren Illinois projects made under forward looking formula ratemaking. Lastly, all per share earnings amounts discussed during todays presentation including earnings guidance are presented on a diluted basis unless otherwise noted. Importantly, our energy policy advocacy and investment plans align with these goals. Other eligibility requirements may apply. For additional information concerning these factors, please read the forward-looking statements section on our news release we issued yesterday and the forward-looking statements and risk factors section in our filings with SEC. All rights reserved. We are very pleased with results as it provides tax credits for wind, solar and nuclear energy centers, energy storage, carbon capture utilization and storage and hydrogen developments. Ameren's electricity facilities generate 8,706,351.49 megawatt hours from nuclear power. Revenue will also go toward retiring coal-fired energy production centers and acquiring new wind facilities, according to Ameren. The year-over-year improvement reflected new electric service rates effective Feb. 28, 2022 and higher electric retail sales. Our strong long-term earnings growth guidance is primarily driven by our infrastructure investment and rate base growth plans, which are supported by constructive regulatory frameworks. Rate decrease of approximately $1.25 per month or approximately-$15 per year for the average residential customer. We just really haven't engaged in those conversations at the moment. And then just on equity, remind me your equity needs for 2024 to 2026 that we said when you last updated them. Ameren Missouri has customers in 418 cities in the United States. Thank you. This year we named our first Chief Sustainability Diversity and Philanthropy Officer to further optimize Our ESG impact. The rate hike . David, this is Michael. Or just how are you thinking about that cadence. These customers are a mix of 3,650 industrial customer accounts, 164,083 commercial customer accounts, one transportation account and 1,079,242 residential customers. This percentage of loss results in them receiving a ranking of 552nd best out of 3509 suppliers who report energy loss in the country and 19th best out of 123 in Missouri. Ameren Missouri now offers a range of residential rate options, including Off-Peak/On-Peak rates. And good morning, everyone. I would now like to briefly touch on our 2022 earnings guidance. JEFFERSON CITY---The Missouri Public Service Commission has set the formal evidentiary hearing schedule in electric and natural gas rate cases filed by Union Electric Company d/b/a Ameren Missouri.Hearings are scheduled for November 17-19, 22-23, 29-30, December 1-3, and 6-10, 2021. Ameren provides electricity in 158 counties in the nation. All trademarks remain the property of their respective owners, and are used by FINDENERGY only to describe products and services offered by each respective trademark holder. When determining the timing of our projects, we remain mindful of portfolio diversification in both technology and geography, workforce and supply chain capacity and the impacts to grid reliability, while aggressively managing costs. Single Family, Multifamily, Program: Thanks so much and have a great weekend. Lighting, Property Type: But there could be an appetite to extend something at some point. Ameren's multi-year earnings growth is expected to be driven by strong projected rate base growth of approximately 8% compounded annually from 2020 through 2025. FINDENERGY is a comparison and research website that does not directly offer any energy related products. In 2020 Ameren Missouri sold 7,577,680 megawatt hours through wholesale channels to other providers. As you can see on the right side of this page, consistent with our plans for 2022, we are strategically investing significant capital in each of our business segments in order to maintain safe and reliable operations as we transition to a cleaner energy grid. I realize it's not a formal guidance or fully exhausted. We really have managed that to about 1.5%, 1.7% sort of increase. And our goal of net zero carbon emissions by 2045 is consistent with the objectives of the Paris Agreement and limiting global temperature rise to 1.5 degrees Celsius. Please. Ameren's Average residential price per kWh, Average monthly electricity bill for Ameren's residential customers, % of Provider's Residential Sales in State. Further, we have some favorable exposure at the Ameren Illinois Electric Distribution return on equity as it's tied to the 30-year Treasury rate through 2023. Yes. Disclaimer: The data displayed on this page may be incomplete or incorrect. Ameren currently averages a loss of about 3.57% of the total electricity they transmit. We have made comments before that we continue to aspire to being flat over the time horizon we look out over the five-year plan. Ameren Missouri Vice President of Legislative and Regulatory Affairs Warren Wood. We expect our Illinois customers to receive the benefits from the legislation over time to reduce power purchase cost. In terms of the overall investment pipeline, as we've discussed this morning, this year as a result of the Missouri Integrated Resource Plan, as a result of the MISO approving Tranche 1 projects, we bumped our overall 10-year pipeline from $40 billion to $48 billion. On average, Ameren's consumers pay a residential electricity rate of 11.51 cents per kilowatt hour, which is 18.45% less than the nationwide average price of 14.11 cents. These investments are the key drivers of our ongoing Ameren Missouri and Ameren Illinois rate reviews. The average BUNDLED price of electricity for customers of Ameren is 11.51 cents per kilowatt hour (/kWh). Single Family, Program: At the start of the year, we laid out some key initiatives we were focused on. Hey, guys, good morning. At present, residential customers pay $0.93 per hundred cubic feet (ccf) of natural gas. There are 23 power plants owned by or associated with Ameren Missouri. The Ameren phone number is (800) 552-7583. This is an addition to the nearly $2.6 million United Way contribution made by Ameren. Ameren Missouri's current average bundled electricity rate is 11.02 cents per kilowatt hour (/kWh), compared to the average state bundled rate of 11.70 cents and the average national rate of 14.11 cents. For perspective, the order received from the ICC last December included a common equity ratio of 51%. The commission should consider the impact on customers thoroughly and carefully in their examination of all facets of this case, to ensure that any increase in Amerens rates is only the minimum amount necessary for the utility to provide adequate and reliable service to each customer class.. Because of the investments we've been able to make in all four of our business segments. I mean, we may have to have a different cadence if it were ultimately expired. Yes, in our February call, we will plan to update you on our thoughts in terms of EPS CAGR from 2023 to 2027 at that point in time. Ameren Illinois serves parts of both Illinois and Missouri. Ameren Missouri is an investor owned organization serving 418 cities in Missouri. Turning to page 11. Weather normalized kilowatt hour sales to Missouri industrial customers decreased about 1%. Obviously, we're going to have some just normal financings in the normal course. Find out which plans are best for your home or business in your area and send a change request in minutes. Ameren Missouri's current CEO is Martin J. Lyons . Turning to page 23, we plan to provide 2023 earnings guidance when we release fourth quarter results in February next year. Including the CMT, but without possible benefits from nuclear tax credits, Ameren. The average monthly residential electricity bill for a customer of Ameren is $119.8.