ICC approves $112M annual base rate increase for Ameren Illinois natural gas delivery

AMEREN CORP

$112M annual base rate increase approved by ICC; includes $77M that would have been recovered under riders in 2024.
Allowed ROE of 9.44%, 50% common equity ratio, and rate base of $2.85 billion.
Order reduced ~$93M of distribution and transmission capital investments from the requested amount.
Impact on 2023 results expected immaterial; new rates effective late November 2023.
Ameren Illinois evaluating whether to seek rehearing or appeal; intervenor parties may also act.

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