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Ameren announces a net loss of $974 million

By WEEK Reporter

Ameren announces a net loss of $974 million

February 20, 2013 Updated Feb 20, 2013 at 12:47 PM CDT

ST. LOUIS, Mo. -- Ameren Corporation says lower power prices and higher fuel costs contributed to a net loss last year of 974 million dollars.

The loss compares to a net income of 519 million dollars for 2011.

The Company says the decrease results from a lower allowed return on equity, due to low Treasury bond yields, and required non-recoverable program donations.

Ameren says there were other factors related to last year's implementation of formula ratemaking for electric delivery service.

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