First Trade Date for Ameren Corporation
| Company Name | First Trade Date (yyyy-mm-dd) |
| Ameren Corporation | 1998-01-02 |
| Company Name | Symbol |
| Ameren Corporation | AEE |
| History and Business of Company (this information may include date of incorporation) | |
|
Ameren, headquartered in St. Louis, Missouri, is a public utility holding company registered with the SEC under the PUHCA. Ameren's primary asset is the common stock of its subsidiaries. Ameren's subsidiaries operate rate-regulated electric generation, transmission and distribution businesses, rate-regulated natural gas distribution businesses and non rate-regulated electric generation businesses in Missouri and Illinois. Dividends on Ameren's common stock are dependent on distributions made to it by its subsidiaries. Ameren's principal subsidiaries are listed below. See Note 1 - Summary of Significant Accounting Policies to our financial statements under Part II, Item 8 of this report for a more detailed description of the Ameren Companies. o UE, also known as Union ElectricCompany, operates a rate-regulated electric generation, transmission and distribution business, and a rate-regulated natural gas distribution business in Missouri and Illinois. o CIPS, also known as Central Illinois Public Service Company, operates a rate-regulated electric and natural gas transmission and distribution business in Illinois. o Genco, also known as Ameren Energy Generating Company, operates a non rate-regulated electric generation business. o CILCO, also known as Central Illinois Light Company, is a subsidiary of CILCORP (a holding company) and operates a rate-regulated electric transmission and distribution business, a primarily non rate-regulated electric generation business and a rate-regulated natural gas distribution business in Illinois. At December 31, 2003, Ameren employed 7,650 employees, UE employed 3,996 employees, CIPS employed 764 employees, Genco employed 701 employees and CILCORP employed 862 employees, of which 855 employees are employed by CILCO. During the second and third quarters of 2003, we entered into new four-year labor agreements with the IBEW and the IUOE representing eleven bargaining units covering approximately 70% of Ameren's, UE's, CIPS' and Genco's entire workforces. The new agreements include no wage increase for year one of the agreements, 3.5% increases for both years two and three, and an increase of 3.25% for year four. In addition, the agreements include a pension supplement, more flexible work rules and a change to employee medical benefits resulting in employees paying a greater portion of future benefit cost increases. CILCO has a labor agreement with the IBEW which will expire on July 1, 2004. Employees covered by the agreement represent approximately 4% of Ameren's and CILCO's entire workforce. | |
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