Ameren Announces First Quarter 2023 Results.

ST. LOUIS: Ameren Corporation (NYSE: AEE) today announced first quarter 2023 net income attributable to common shareholders of $264 million, or $1.00 per diluted share, compared to first quarter 2022 net income attributable to common shareholders of $252 million, or $0.97 per diluted share.

First quarter 2023 results reflected earnings on increased infrastructure investments made across all business segments driven by strong execution of the company's strategy. Earnings were positively impacted by lower Ameren Missouri and Ameren Illinois Natural Gas operations and maintenance expenses, which included the effect of market returns on company-owned life insurance (COLI) investments. Ameren Illinois Electric Distribution earnings increased as a result of a higher allowed return on equity (ROE) due to a higher projected average annual 30-year U.S. Treasury bond yield in 2023. These factors were partially offset by lower Ameren Missouri earnings due to lower electric retail sales, driven primarily by milder-than-normal winter temperatures in the first quarter of 2023 compared to colder-than-normal temperatures...

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