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<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U5B
REGISTRATION STATEMENT
Filed Pursuant to Section 5 of the
Public Utility Holding Company Act of 1935
Ameren Corporation
--------------------------
Name of Registrant
Name, Title and Address of Officer to whom Notices
and Correspondence concerning this Statement
should be Addressed
William E. Jaudes
Vice President & General Counsel
Ameren Corporation
One Ameren Plaza
1901 Chouteau Avenue (MC 1300)
St. Louis, Missouri 63103
<TABLE>
<CAPTION>
Glossary of Defined Terms
---------------------------
When used herein, the following terms shall have the meanings set forth below:
<S> <C>
Act Public Utility Holding Company Act of 1935, as amended
ADC Ameren Development Company
AMC Ameren Corporation
AME Ameren Energy, Inc.
AMS Ameren Services Company
CEC CIPSCO Energy Company
CIC CIPSCO Investment Company
CIP Central Illinois Public Service Company
CLC CIPSCO Leasing Company
CLC-ALC CLC Aircraft Leasing Company
CLCLCA CLC Leasing Company A
CLCLCB CLC Leasing Company B
CLCLCC CLC Leasing Company C
CSC CIPSCO Securities Company
CVC CIPSCO Venture Company
EEI Electric Energy, Inc.
ERC Ameren ERC, Inc.
FERC Federal Energy Regulatory Commission
Merger The business combination among Ameren Corporation, Union
Electric Company and CIPSCO Incorporated
Merger U-1 The Form U-1 Application/Declaration filed by Ameren
Corporation in File No. 70-8945, as amended
UDC Union Electric Development Corporation
UEC Union Electric Company
</TABLE>
REGISTRATION STATEMENT
The undersigned holding company hereby submits its registration
statement to the Commission pursuant to Section 5 of the Act.
1. Exact name of registrant: Ameren Corporation
2. Address of principal executive offices: One Ameren Plaza, 1901 Chouteau
Avenue, St. Louis, MO 63103
3. Name and address of chief accounting officer: Donald E. Brandt, Senior
Vice President - Finance Ameren Corporation, One Ameren Plaza, 1901
Chouteau Avenue, St. Louis, MO 63103
4. Certain information as to the registrant and each subsidiary company thereof:
<TABLE>
<CAPTION>
Col. A Col. B Col. C Col. D
Name of Company Organization State Business
--------------- ------------ ----- --------
<S> <C> <C> <C>
Ameren Corporation Corporation MO Holding Co.
Union Electric Co. Corporation MO Electric & Gas
Utility
Electric Energy, Inc. Corporation IL Electric
Union Electric Development Corporation MO Community
Corporation Development &
Energy-Related
Investments
Civic Progress Limited MO Community
Partnership Development
Kiel Center Corporation Corporation MO Community
Development
Kiel Investors, L.P. Limited MO Community
Partnership Development
Clark Enterprises Inc. Corporation MO Community
Development
Lewis & Clark Industrial Corporation MO Community
Development Corporation Development
NEMO Bank Community Corporation MO Community
Development Corporation Development
St. Louis Equity Fund 1988 Partnership MO Community
Development
St. Louis Equity Fund 1990 Partnership MO Community
Development
St. Louis Equity Fund 1991 Partnership MO Community
Development
St. Louis Equity Fund 1992 Partnership MO Community
Development
St. Louis Equity Fund 1993 Partnership MO Community
Development
St. Louis Equity Fund 1994 Partnership MO Community
Development
St. Louis Equity Fund 1995 Limited MO Community
Liability Co. Development
St. Louis Equity Fund 1996 Limited MO Community
Liability Co. Development
St. Louis Equity Fund 1997 Limited MO Community
Liability Co. Development
St. Louis Equity Fund 1998 Limited MO Community
Liability Co. Development
Housing Missouri, Inc. Limited MO Community
Liability Co. Development
Housing Missouri 1996 Limited MO Community
Liability Co. Development
Housing Missouri 1997 Limited MO Community
Liability Co. Development
Gateway Energy Systems, L.C. Limited MO Energy-Related
Liability Co.
Gateway Energy Alliance, L.C. Limited MO Energy-Related
Liability Co.
Envirotech Investment Limited MO Energy-Related
Fund, L.L.C. Liability Co.
Central Illinois Public Service Corporation IL Electric & Gas
Company Utility
Electric Energy, Inc. Corporation IL Electric
CIPS Energy, Inc. Corporation IL Inactive
Illinois Steam Inc. Corporation IL Inactive
CIPSCO Investment Company Corporation IL Leasing and Energy-
Related Investments
CIPSCO Securities Company Corporation IL Investments
CIPSCO Venture Company Corporation IL Civic and Economic
Development
Effingham Development Limited IL Investments
Building II, LLC Liability Co.
Mattoon Enterprise Park Limited IL Investments
LLC Liability Co.
MACC, LLC Limited IL Investments
Liability Co.
Illinois Equity Fund 1992 Limited IL Investments
Partnership
Illinois Equity Fund 1994 Limited IL Investments
Partnership
Illinois Equity Fund 1996 Limited IL Investments
Partnership
Illinois Equity Fund 1998 Limited IL Investments
Partnership
CIPSCO Leasing Company Corporation IL Leveraged Leases
CLC Aircraft Leasing Co. Corporation IL Equipment Leasing
CLC Leasing Co. A Corporation IL Equipment Leasing
CLC Leasing Co. B Corporation IL Equipment Leasing
CLC Leasing Co. C Corporation IL Equipment Leasing
CIPSCO Energy Company Corporation IL Energy-Related
Investments
CEC-APL-G Co. Corporation IL Equipment Leasing
CEC-APL-L Co. Corporation IL Equipment Leasing
CEC-APL L.P. Limited IL Investments
Partnership
CEC-PGE-G Co. Corporation IL Equipment Leasing
CEC-PGE-L Co. Corporation IL Equipment Leasing
CEC-PGE L.P. Limited IL Investments
Partnership
CEC-PSPL-G Co. Corporation IL Equipment Leasing
CEC-PSPL-L Co. Corporation IL Equipment Leasing
CEC-PSPL L.P. Limited IL Investments
Partnership
CEC-MPS-G Co. Corporation IL Equipment Leasing
CEC-MPS-L Co. Corporation IL Equipment Leasing
CEC-MPS L.P. Limited IL Investments
Partnership
CEC-ACE-G Co. Corporation IL Equipment Leasing
CEC-ACE-L Co. Corporation IL Equipment Leasing
CEC-ACE L.P. Limited IL Investments
Partnership
CEC-ACLP-Co. Corporation IL Energy
Appomattox Cogeneration Limited IL Investments
L.P. Partnership
Ameren Energy, Inc. Corporation MO Power & Gas Marketing,
Energy Related
Ameren Services Co. Corporation MO Services to Ameren &
Its Affiliates
Ameren Development Company Corporation MO Energy Related
Ameren ERC, Inc. Corporation MO Energy-Related
</TABLE>
BUSINESS
5. (a) The general character of the business done by the
registrant and its subsidiaries, separated as between the
holding companies, public utility subsidiaries (as defined in
the Act) and the various nonutility subsidiaries.
Information regarding the general character of the
business of AMC and its subsidiaries and information regarding
the statistics relating to sales, purchases, operating
revenues, and customers for AMC and its utility subsidiaries
during the past five years can be found in the following
documents, which are attached hereto as Exhibits 5(a)(1),
5(a)(2) and 5(a)(3), respectively: Items 1 and 6 of the Annual
Report of AMC on Form 10-K for the period ending December 31,
1997 (File No. 1-14756); Items 1 and 6 of the Annual Report of
CIP on Form 10-K for the period ending December 31, 1997 (File
No. 1-3672); and Items 1 and 6 of the Annual Report of UEC on
Form 10-K for the period ending December 31, 1997 (File No.
1-2967).
(b) Any substantial changes which may have occurred in the general
character of the business of such companies during the
preceding five years.
OMITTED BY PERMISSION OF THE STAFF.
PROPERTY
6. Describe briefly the general character and location of the principal
plants, properties, and other important physical units of the
registrant and its subsidiaries, showing separately (a) public utility
and (b) other properties. If any principal plant or important unit is
not held in fee, so state and describe how held.
See Item 2 of the Annual Reports of AMC, CIP and UEC on Form
10-K for the period ending December 31, 1997 (File Nos. 1-14756,
1-3672, and 1-2967, respectively), which are attached hereto as
Exhibits 5(a)(1), 5(a)(2) and 5(a)(3), respectively.
<PAGE>
INTERSTATE TRANSACTIONS
7. For each public utility company in the holding company system of the
registrant which is engaged in the transmission of electric energy or
gas in interstate commerce, furnish the following information for the
last calendar year:
Electric Energy Gas
kWh Mcf
Total Annual Sales
-----------------------------------------------------------------------
Interstate Transactions:
-----------------------------------------------------------------------
Name of State
Delivered Out of State
Received from Out of State
-----------------------------------------------------------------------
UEC and CIP have on file with the Federal Energy Regulatory
Commission their 1997 FERC Form 1's which include information related
to the transmission of electric energy. These reports have also been
provided as Exhibits G-1 and G-4, respectively.
UEC and CIP do not own and operate facilities for the
transmission of gas in interstate commerce. They do purchase gas
transportation and storage services for their retail customers from
regulated interstate pipeline suppliers.
SECURITIES OUTSTANDING
8. Submit the following information concerning the registrant and each
subsidiary thereof as of the latest available date:
FUNDED DEBT
-----------
(a) For each issue or series of funded debt, including funded debt
secured by liens on property owned, whether or not such debt
has been assumed: (Do not include here any contingent
liabilities reported under paragraph 8(c).)
AS OF DECEMBER 31, 1997
BY PERMISSION OF THE STAFF, COLUMNS E THROUGH I HAVE BEEN OMITTED.
<TABLE>
<CAPTION>
Col. D
Col. C Amount Issued
Col. A. Col. B Amount Authorized Less Retired
Name of Obliger Title of Issue ($000) ($000)
- --------------- -------------- ----------------- -------------
<S> <C> <C> <C>
CIP First Mortgage Bonds, $ 50,000 $ 50,000
Series W-1, 7.125%,
Due May 15, 1999
CIP First Mortgage Bonds, $ 33,000 $ 33,000
Series W-2, 8.50%,
Due May 15, 2022
CIP First Mortgage Bonds, $ 50,000 $ 50,000
Series X, 7.50%,
Due July 1, 2007
CIP First Mortgage Bonds, $ 23,000 $ 23,000
Series Y, 6.75%,
Due September 15, 2002
CIP First Mortgage Bonds, $ 25,000 $ 25,000
Series Z-1, 6.00%,
Due April 1, 2000
CIP First Mortgage Bonds, $ 40,000 $ 40,000
Series Z-2, 6.375%,
Due April 1, 2003
CIP First Mortgage Bonds, $ 20,000 $ 20,000
Medium Term Note,
Series 1995-1, 6.49%,
Due June 1, 2005
CIP First Mortgage Bonds, $ 5,000 $ 5,000
Medium Term Note,
Series 1997-1, 6.52%,
Due March 15, 1999
CIP First Mortgage Bonds, $ 5,000 $ 5,000
Medium Term Note,
Series 1997-1, 6.60%,
Due September 15, 1999
CIP First Mortgage Bonds, $ 5,000 $ 5,000
Medium Term Note,
Series 1997-1, 6.680%,
Due March 15, 2000
CIP First Mortgage Bonds, $ 5,000 $ 5,000
Medium Term Note,
Series 1997-1, 6.75%,
Due September 15, 2000
CIP First Mortgage Bonds, $ 5,000 $ 5,000
Medium Term Note,
Series 1997-1, 6.83%,
Due March 15, 2001
CIP First Mortgage Bonds, $ 5,000 $ 5,000
Medium Term Note,
Series 1997-1, 6.89%,
Due September 15, 2001
CIP First Mortgage Bonds, $ 5,000 $ 5,000
Medium Term Note,
Series 1997-1, 6.94%,
Due March 15, 2002
CIP First Mortgage Bonds, $ 5,000 $ 5,000
Medium Term Note,
Series 1997-1, 6.96%,
Due September 15, 2002
CIP First Mortgage Bonds, $ 5,000 $ 5,000
Medium Term Note,
Series 1997-1, 6.99%,
Due March 15, 2003
CIP First Mortgage Bonds, $ 20,000 $ 20,000
Medium Term Note,
Series 1997-2, 6.73%,
Due June 1, 2001
CIP First Mortgage Bonds, $ 20,000 $ 20,000
Medium Term Note,
Series 1997-2, 7.05%,
Due June 1, 2006
CIP First Mortgage Bonds, $ 40,000 $ 40,000
Medium Term Note,
Series 1997-2, 7.61%
Due June 1, 2017
CIP Pollution Control Loan Obligations $ 20,000 $ 20,000
1990 Series A, 7.60%,
Due March 1, 2014
CIP Pollution Control Loan Obligations $ 32,000 $ 32,000
1990 Series B, 7.60%,
Due September 1, 2013
CIP Pollution Control Loan Obligations $ 35,000 $ 35,000
1993 Series A, 6.375%,
Due January 1, 2028
CIP Pollution Control Loan Obligations $ 17,500 $ 17,500
1993 Series B-1, 4.375%,
Due June 1, 2028
CIP Pollution Control Loan Obligations $ 17,500 $ 17,500
1993 Series B-2, 5.90%,
Due June 1, 2028
CIP Pollution Control Loan Obligations $ 35,000 $ 35,000
1993 Series C-1, 4.20%,
Due August 15, 2026
CIP Pollution Control Loan Obligations $ 25,000 $ 25,000
1993 Series C-2, 5.70%,
Due August 15, 2026
CIP Obligations under Lines of Credit $ 42,000 $ 21,000
which expire in 2002, weighted
average interest rate of 6.15%
UEC First Mortgage Bonds, 6.75% Series $100,000 $100,000
Due October 15, 1999
UEC First Mortgage Bonds, 8.33% Series $ 75,000 $ 75,000
Due December 16, 2002
UEC First Mortgage Bonds, 7.65% Series $100,000 $100,000
Due July 15, 2003
UEC First Mortgage Bonds, 6.875% Series $188,000 $188,000
Due August 1, 2004
UEC First Mortgage Bonds, 7.375% Series $ 85,000 $ 85,000
due December 15, 2004
UEC First Mortgage Bonds, 6.75% Series $148,000 $148,000
Due May 1, 2008
UEC First Mortgage Bonds, 7.40% Series $ 60,000 $ 60,000
Due May 1, 2020
UEC First Mortgage Bonds, 8.75% Series $125,000 $125,000
Due December 1, 2021
UEC First Mortgage Bonds, 8.25% Series $104,000 $104,000
Due October 15, 2022
UEC First Mortgage Bonds, 8.00% Series $ 85,000 $ 85,000
Due December 15, 2022
UEC First Mortgage Bonds, 7.15% Series $ 75,000 $ 75,000
Due August 1, 2023
UEC First Mortgage Bonds, 7.00% Series $100,000 $100,000
Due January 15, 2024
UEC First Mortgage Bonds, 5.45% Series $ 44,000 $ 44,000
Due October 1, 2028
UEC Subordinated Deferrable Interest $ 65,500 $ 65,500
Debentures, 7.69% Series, Due
December 15, 2036
UEC Missouri Environmental Improvement $160,000 $160,000
Revenue Bonds, 3.83%, 1984 A&B Series,
Due June 1, 2014
UEC Missouri Environmental Improvement $126,500 $126,500
Revenue Bonds, 3.61%, 1985A Series,
3.82%, 1985B Series, Due June 1, 2015
UEC Missouri Environmental Improvement $ 42,585 $ 42,585
Revenue Bonds, 3.86%, 1991 Series,
Due December 1, 2020
UEC Missouri Environmental Improvement $ 47,500 $ 47,500
Revenue Bonds, 3.83%, 1992 Series,
Due December 1, 2022
UEC Commercial Paper (1), Secured by Long-Term $300,000 $35,000
Line of Credit, 5.93%,
Due through December 31, 1999
UEC Revolving Credit Agreement, $200,000 $0
Due November 15, 1999
EEI Senior Medium Term Notes, $ 60,000 $ 53,333
1991 Series, 8.60%, Due through 2005
EEI Senior Medium Term Notes, $ 70,000 $62,222
1994 Series, 6.61%, Due through 2005
<FN>
(1) See Note 6 of AMC's 1997 Annual Report to Stockholders provided as Exhibit F-1 hereto.
</FN>
</TABLE>
CAPITAL STOCK
-------------
(b) For each class of capital stock including certificates of
beneficial interest give information both in number of shares
and in dollar amounts: (Do not include here any warrants,
options, or other securities reported under paragraph 8(d).)
AS OF DECEMBER 31, 1997
BY PERMISSION OF THE STAFF, COLUMNS G THROUGH J HAVE BEEN OMITTED.
<TABLE>
<CAPTION>
Col. D
Amount Reserved
Col. C for Options, Col. F
Amount Warrants, Col. E Amount Issued
Col. A Col. B Authorized Conversions & Additional (Col. C Less
Name of Issuer Title of Issue By Charter Other Rights Amount Unissued Cols. D and E)
- ------------- ---------------- ---------- ------------ --------------- --------------
<S> <C> <C> <C> <C> <C>
AMC Common Stock, 400,000,000 4,000,000 (2) 258,784,538 137,215,462
$.01 par value
AMC Preferred Stock, 100,000,000 100,000,000 0
$.01 par value
ADC(3) Common Stock, 30,000 29,000 1,000
$.01 par value
ERC(4) Common Stock, 30,000 29,000 1,000
$.01 par value
AME Common Stock, 30,000 29,999 1
$.01 par value
AMS Common Stock, 30,000 29,000 1,000
$.01 par value
EEI Common Stock, 62,000 62,000
$100 par value
CIP Common Stock, 45,000,000 19,547,627 25,452,373
no par value
CIP Cumulative Preferred 2,000,000 1,200,000 800,000
Stock, $100 par value
CIP Preferred Stock, 2,600,000 2,600,000 0
without par value
Illinois Steam Common Stock, 1,000 900 100
Inc. no par value
CIPS Energy Inc. Common Stock, 1,000 900 100
no par value
CIC Common Stock, 1,000,000 999,900 100
no par value
CSC Common Stock, 1,000,000 999,900 100
no par value
CLC Common Stock, 1,000,000 999,900 100
no par value
CEC Common Stock, 1,000,000 999,900 100
no par value
CVC Common Stock, 1,000,000 999,900 100
no par value
CLC-ALC Common Stock, 1,000,000 999,900 100
no par value
CLCLCA Common Stock, 1,000,000 999,900 100
no par value
CLCLCB Common Stock, 1,000,000 999,900 100
no par value
CLCLCC Common Stock, 1,000,000 999,900 100
no par value
CEC-PGE-G Co. Common Stock, 1,000,000 999,900 100
no par value
CEC-PGE-L Co. Common Stock, 1,000,000 999,900 100
no par value
CEC-APL-G Co. Common Stock, 1,000,000 999,900 100
no par value
CEC-APL-L Co. Common Stock, 1,000,000 999,900 100
no par value
CEC-PSPL-G Co. Common Stock, 1,000,000 999,900 100
no par value
CEC-PSPL-L Co. Common Stock, 1,000,000 999,900 100
no par value
CEC-MPS-G Co. Common Stock, 1,000,000 999,900 100
no par value
CEC-MPS-L Co. Common Stock, 1,000,000 999,900 100
no par value
CEC-ACE-G Co. Common Stock, 1,000,000 999,900 100
no par value
CEC-ACE-L Co. Common Stock, 1,000,000 999,900 100
no par value
CEC-ACLP Co. Common Stock, 1,000,000 999,900 100
no par value
UEC Common Stock, 150,000,000 47,876,166 102,123,834
$5 par value
UEC Preferred Stock, 25,000,000 22,204,905 2,795,095
without par value
UEC Preference Stock, 7,500,000 7,500,000 0
$1 par value
UDC Capital Stock, 100,000 81,500 18,500
$56 par value
<FN>
(2) (as of 4/58/98)
(3) (Incorporated on 02/26/98)
(4) (Incorporated on 02/26/98)
</FN>
</TABLE>
CONTINGENT LIABILITIES
----------------------
(c) A brief outline of the nature and amount of each contingent
liability on account of endorsement or other guarantees of any
securities.
See Note 10 of AMC's 1997 Annual Report to
Shareholders, which has been provided as Exhibit F-1 hereto.
OTHER SECURITIES
----------------
(d) A statement of the amount of warrants, rights, or options and
of any class of securities of the registrant and subsidiary
companies not elsewhere herein described which is outstanding
and/or authorized. A brief description of the provisions
thereof should be included. Information need not be set forth
under this item as to notes, drafts, bills of exchange or
bankers' acceptances which mature within nine months.
Information with respect to AMC's Dividend
Reinvestment and Stock Purchase Plan is set forth in the
Registration Statement of AMC on Form S-3 (File No. 33-43721);
information with respect to a savings investment plan is set
forth in the Registration Statement of AMC on Form S-8 (File
No. 33-43737); and information with respect to certain
employee benefit plans is set forth in the Registration
Statement of AMC on Form S-8 (File No. 33-43743), which are
hereby incorporated by reference. Information with respect to
UEC's stock option plans is set forth in Note 9 of AMC's 1997
Annual Report to Shareholders, which has been provided as
Exhibit F-1 hereto.
INVESTMENTS IN SYSTEM SECURITIES
9. Give a tabulation showing the principal amount, par or stated value,
the cost to the system company originally acquiring such security, and
the number of shares or units, of each security described under Item 8
that is held by the registrant and by each subsidiary company thereof
as the record (or beneficial) owner, and the amounts at which the same
are carried on the books of each such owner. This information should be
given as of the same date as the information furnished in answer to
Item 8.
<PAGE>
<TABLE>
<CAPTION>
UEC Investments in System Securities as of December 31, 1997:
Par/Stated Original No. of Carrying
Value Cost Shares Value
----- ---- ------ -----
<S> <C> <C> <C> <C>
UDC $1,036,000 $1,036,000 18,500 $(12,120,486)
EEI $2,480,000 $2,480,000 24,800 $ 3,533,787
</TABLE>
<TABLE>
<CAPTION>
CIP Investments in System Securities as of December 31, 1997:
Par/Stated Original No. of Carrying
Value Cost Shares Value
----- ---- ------ -----
<S> <C> <C> <C> <C>
EEI $1,240,000 $1,240,000 12,400 $1,493,348
CIPS Energy no par $1,000 100 $1,000
Illinois Steam no par $1,000 100 $1,000
</TABLE>
<TABLE>
<CAPTION>
Other Investments in System Securities as of December 31, 1997:
Par/Stated Original No. of Carrying
Value Cost Shares Value
----- ---- ------ -----
<S> <C> <C> <C> <C>
CIC no par $1,000 100 $56,327,489
CSC no par $1,000 100 $52,393,288
CLC no par $1,000 100 $1,000
CEC no par $1,000 100 $1,000
CVC no par $1,000 100 $1,000
CLC-ALC no par $1,000 100 $1,000
CLCLCA no par $1,000 100 $1,000
CLCLCB no par $1,000 100 $1,000
CLCLCC no par $1,000 100 $1,000
CEC-PGE-G Co. no par $1,000 100 $1,000
CEC-PGE-L Co. no par $1,000 100 $1,000
CEC-APL-G Co. no par $1,000 100 $1,000
CEC-APL-L Co. no par $1,000 100 $1,000
CEC-PSPL-G Co. no par $1,000 100 $1,000
CEC-PSPL-L Co. no par $1,000 100 $1,000
CEC-MPS-G Co. no par $1,000 100 $1,000
CEC-MPS-L Co. no par $1,000 100 $1,000
CEC-ACE-G Co. no par $1,000 100 $1,000
CEC-ACE-L Co. no par $1,000 100 $1,000
CEC-ACLP Co. no par $1,000 100 $1,000
</TABLE>
INVESTMENTS IN OTHER COMPANIES
10. Give a tabulation showing all investments of the registrant and of each
subsidiary thereof in holding companies and in public utility companies
which are not subsidiary companies of the registrant. Also show all
other investments of the registrant and of each subsidiary thereof in
the securities of any other enterprise, if the book value of the
investment in any such enterprise exceeds 2% of the total debit
accounts shown on the balance sheet of the company owning such
investment or an amount in excess of $25,000 (whichever amount is the
lesser). Give principal amount and number of shares or units and the
cost of each issue of such securities to the system company originally
acquiring such security, and amount at which carried on the books of
the owner. List all such securities pledged as collateral for loans or
other obligations and identify loans and obligations for which pledged.
This information should be given as of the same date as the information
furnished in answer to Item 8.
(a) Investments of the registrant and of each subsidiary thereof
in holding companies and in public utility companies which are
not subsidiary companies of the registrant:
The following holdings are investments held by CIC as
of December 31, 1997, in separately managed funds as indicated
below. In accordance with the order of the Securities and
Exchange Commission, these investments are to be liquidated
within three years from the date of the Merger.
<TABLE>
<CAPTION>
Security Purchase Market
Company Name Type Shares Price Value
------------ ---- ------ ----- -----
<S> <C> <C> <C> <C>
1. Gateway Index Risk Adjusted Program - A portfolio consisting of
substantially all common stocks represented in the S&P 100 Index and
hedged with S&P 100 and SP 500 Index options:
Southern Company CS 1,400 $ 17,618 $ 36,225
2. Spectrum Preferred Stock Portfolio - A portfolio of high quality
fixed-dividend, utility sinking fund and perpetual preferred stocks
hedged with financial futures and options:
Dayton Power and Light PS3.75 5,900 $ 351,699 $ 399,283
Duke Power PS7.85 6,000 $ 633,375 $ 690,000
Baltimore Gas & Electric PS6.97 5,000 $ 540,450 $ 557,500
Carolina Power & Light PS4.20 9,828 $ 609,088 $ 751,842
Florida Power & Light PS6.75 6,000 $ 600,000 $ 666,000
Idaho Power PS7.07 4,000 $ 400,000 $ 449,400
Mississippi Power PS1.58 21,500 $ 536,210 $ 537,500
Pacific Enterprises PS4.50 8,695 $ 555,215 $ 699,948
South Carolina E&G PS6.52 5,000 $ 500,000 $ 550,625
S. California Edison PS1.02 20,320 $ 319,378 $ 380,721
San Diego Gas & El. PS1.70 17,048 $ 454,329 $ 470,525
Nthrn Indiana Pub Sv PS4.50 5,642 $ 409,327 $ 450,683
Montana Power Co. PS6.875 6,500 $ 604,094 $ 726,375
Public Service E&G PS4.18 10,587 $ 636,653 $ 786,085
PSI Energy PS6.875 6,000 $ 577,650 $ 666,000
3. Flaherty & Crumrine Inc. - A portfolio of adjustable rate, sinking
fund, and perpetual preferred stock hedged with financial futures and
options:
Northern States Pwr PS ARP-a 2,400 $ 211,550 $ 238,800
Northern States Pwr PS ARP-b 300 $ 29,137 $ 29,850
Alabama Pwr Co PS ARP 3,300 $ 69,555 $ 79,612
Arizona Pub Svc Co PS ARP-Q 1,500 $ 128,250 $ 142,875
Niagara Mohawk Pwr PS ARP-B 10,000 $ 227,500 $ 246,250
Potomac Electric PS SF 2,825 $ 142,182 $ 145,134
UGI Utilities, Inc PS SF 2,500 $ 250,000 $ 282,500
New York St. Elec PS SK 2,000 $ 192,900 $ 206,750
Puget Sound Engy PS SF 3,000 $ 312,300 $ 318,000
Florida Power & Lt PS7.05 2,600 $ 254,898 $ 292,825
Florida Power & Lt PS6.98 1,100 $ 117,095 $ 123,062
No. States Pwr PS4.11 1,500 $ 85,410 $ 113,625
Alabama Power PS6.40 10,950 $ 258,030 $ 275,118
Baltimore Gas & El PS6.99 1,000 $ 100,000 $ 113,875
Consolidated Edison PS4.65 1,179 $ 83,131 $ 102,278
Duke Energy PS7.00 3,510 $ 391,365 $ 402,772
Monongahela Pwr PS7.73 6,000 $ 589,875 $ 692,250
No. Indiana P.S. PS7.44 1,000 $ 88,800 $ 101,375
Pacificorp PS1.28 6,836 $ 123,689 $ 153,126
PSI Energy PS6.875 2,500 $ 270,625 $ 278,437
Public Srv Colorado PS4.90 2,500 $ 182,500 $ 213,437
Montana Power PS6.875 1,800 $ 177,346 $ 201,375
Rochester G&E PS4.95 1,822 $ 117,082 $ 154,870
Illinois Power PS4.26 2,000 $ 64,160 $ 73,500
Niagara Mohawk Pwr PS5.25 3,250 $ 191,360 $ 226,281
Alabama Power TOPRS 8,000 $ 188,400 $ 201,500
</TABLE>
(b) Investments of the registrant and of each subsidiary thereof in the
securities of other enterprises:
The following are investments in securities of other
enterprises as of December 31, 1997, including investments in
limited liability companies and limited partnerships.
<TABLE>
<CAPTION>
1. CIPSCO Investment Company
---------------------------
a. CIPSCO Securities Company holdings:
-------------------------------------
Security Purchase Market
Company Name Type Shares Price Value
------------ ---- ------ ----- -----
<S> <C> <C> <C> <C>
Flaherty & Crumrine Inc. - A portfolio of adjustable rate, sinking fund
, and perpetual preferred stock hedged with financial futures and
options:
J. P. Morgan PS ARP 6,500 $ 525,572 $ 602,062
Republic NY Corp. PS ARP-d 7,400 $ 165,575 $ 181,300
Bankamerica PS ARP 4,200 $ 377,510 $ 419,475
Citicorp PS ARP-2 4,700 $ 396,393 $ 468,825
Citicorp PS ARP-18 10,800 $ 267,840 $ 267,300
First Chicago NBD PS ARP-B 1,750 $ 143,781 $ 175,000
First Chicago NBD PS ARP-C 2,500 $ 251,250 $ 250,000
Chase Manhattan PS ARP-L 6,800 $ 626,100 $ 680,850
BankBoston Corp PS ARP-A 2,700 $ 132,403 $ 134,325
BankBoston Corp PS ARP-B 8,200 $ 375,887 $ 407,950
BankBoston Corp PS ARP-C 1,540 $ 133,157 $ 145,145
Prudential Mgmt PS SK 4 $ 345,476 $ 392,000
Travelers Group PS6.365 2,400 $ 124,800 $ 125,100
Travelers Group PS6.231 7,050 $ 356,940 $ 363,075
Travelers Group PS6.213 3,400 $ 174,675 $ 174,250
Ford Motor Co. PS8.25 10,300 $ 279,152 $ 297,412
Berkley W. R. PS7.375 5,000 $ 128,850 $ 128,125
Chase Manhattan PS10.84 11,800 $ 351,949 $ 359,900
Lehman Bros. PS5.00 18,000 $ 424,436 $ 612,000
Fleet Finl Group PS6.75 6,400 $ 293,760 $ 353,600
Fleet Finl Group PS9.35 6,900 $ 174,530 $ 189,750
Heller Financial PS6.687 2,000 $ 199,000 $ 220,500
Ahmanson PS8.40 5,000 $ 130,875 $ 126,875
PP&L Capital TOPRS 7,500 $ 191,250 $ 191,250
Gateway Index Risk Adjusted Program - a portfolio consisting of
substantially all common stocks represented in the S&P 100 Index and
hedged with S&P 100 and S&P 500 Index Options:
Alluminum Co. Of Am. CS 400 $ 13,860 $ 28,150
American Express CS 900 $ 43,899 $ 80,325
American General CS 500 $ 9,958 $ 27,031
American Int'l Group CS 1,375 $ 95,133 $ 149,531
Ameritech CS 1,100 $ 65,316 $ 88,500
Amoco Corp CS 1,000 $ 65,841 $ 85,125
AT&T Corp CS 3,300 $ 143,095 $ 202,125
Atlantic Richfield CS 600 $ 42,178 $ 48,075
BankAmerica Corp CS 1,400 $ 49,154 $ 102,200
Baxter International CS 600 $ 14,319 $ 30,263
Bell Atlantic CS 1,475 $ 92,495 $ 134,225
Boeing Company CS 2,066 $ 74,964 $ 101,105
Bristol Myers Squibb CS 1,900 $ 98,384 $ 179,788
Burlington Northern CS 300 $ 25,562 $ 27,881
Chrysler Corp CS 1,400 $ 37,962 $ 49,263
Cisco Systems CS 1,950 $ 67,923 $ 108,713
CitiCorp CS 200 $ 24,308 $ 25,288
Coca-cola Co. CS 4,800 $ 211,162 $ 319,800
Colgate-Palmolive Co. CS 600 $ 14,472 $ 44,100
Columbia/HCA CS 1,350 $ 48,546 $ 39,994
Disney, Walt Company CS 1,300 $ 82,978 $ 128,781
Dow Chemical Co. CS 400 $ 30,309 $ 40,600
DuPont Company CS 2,300 $ 92,731 $ 138,144
Eastman Kodak Co. CS 700 $ 49,266 $ 42,569
Exxon Corp. CS 4,800 $ 208,557 $ 293,700
First Chicago NBD CS 600 $ 22,952 $ 50,100
Ford Motor Company CS 2,300 $ 56,227 $ 111,981
General Electric Co. CS 6,400 $ 269,500 $ 469,600
General Motors Corp. CS 1,500 $ 62,724 $ 90,938
H.J.Heinz Co. CS 750 $ 18,531 $ 38,109
Halliburton Co. CS 500 $ 13,675 $ 25,969
Hewlett Packard Co. CS 2,100 $ 82,502 $ 131,250
Intel Corp. CS 3,200 $ 149,627 $ 224,800
IBM CS 1,900 $ 120,051 $ 198,669
International Paper Co. CS 600 $ 18,613 $ 25,875
Johnson and Johnson CS 2,700 $ 115,106 $ 177,863
May Department Stores CS 500 $ 20,357 $ 26,344
McDonalds Corp. CS 1,400 $ 63,572 $ 66,850
MCI Communications CS 1,400 $ 25,946 $ 59,938
Merck and Company CS 2,400 $ 174,068 $ 225,000
Merrill Lynch and Co CS 600 $ 7,797 $ 43,763
Microsoft Corp. CS 2,300 $ 323,005 $ 297,275
Minnesota Mining CS 800 $ 53,556 $ 65,650
Mobil Corp. CS 1,600 $ 81,862 $ 115,500
Monsanto Company CS 1,200 $ 18,413 $ 50,400
NationsBank Corp. CS 1,500 $ 101,307 $ 91,219
Northern Telecom CS 500 $ 14,837 $ 44,500
Oracle Systems CS 2,000 $ 49,129 $ 44,625
Pepsico Inc. CS 3,100 $ 73,526 $ 112,956
Pharmacia & Upjohn CS 1,060 $ 40,665 $ 38,823
Raytheon Co. CS 596 $ 11,518 $ 29,967
Schlumberger Ltd. CS 1,000 $ 48,227 $ 80,500
Sears Roebuck CS 800 $ 31,656 $ 36,200
Texas Instruments CS 800 $ 44,256 $ 36,000
United Technologies CS 500 $ 11,744 $ 36,406
Walmart CS 4,400 $ 108,574 $ 173,525
Xerox Corp. CS 600 $ 30,012 $ 44,288
</TABLE>
b. CIPSCO Venture Company holdings:
--------------------------------
Total equity interest in the investments listed below, except for the
Illinois Equity Funds which is provided separately below, is $869,205.
Effingham Development Building II LLC
A 40% equity interest, but not the managing member, in the above
named limited liability company. No established market value.
Mattoon Enterprise Park, LLC
A 20% equity interest, but not the managing member, in the above
named limited liability company. No established market value.
MACC, LLC
A 33.33% interest, but not the managing member, in the above
named limited liability company. No established market value.
Illinois Equity Funds - 1992, 1994, 1996, and 1998 Limited Partnerships
Various ownership interests of not more than 10% in four limited
partnerships. Total commitment to all limited partnerships of
$3.5 million. No established market value.
c. CIPSCO Energy Company
---------------------
Total current asset book value of investments listed below is
$30,742,327:
Appomattox Cogeneration L.P.
A 24.75% limited partnership interest in the above named Limited
Partnership. This investment is held in CEC-ACLP Company, a
subsidiary of CIPSCO Energy Company. No established market
value.
<PAGE>
CEC-PGE, LP
A 51% limited partnership interest in the above named Limited
Partnership. 1% and 50% of this investment is held in CEC-PGE-G
Company and CEC-PGE-L Company, respectively - both subsidiaries
of CIPSCO Energy Company. No established market value.
CEC-APL, LP
A 51% limited partnership interest in the above named Limited
Partnership. 1% and 50% of this investment are held in CEC-APL-G
Company and CEC-APL-L Company, respectively - both subsidiaries
of CIPSCO Energy Company. No established market value.
CEC-PSPL, LP
A 51% limited partnership interest in the above named Limited
Partnership. 1% and 50% of this investment are held in
CEC-PSPL-G Company and CEC-PSPL-L Company, respectively - both
subsidiaries of CIPSCO Energy Company. No established market
value.
CEC-ACE, LP
A 100% limited partnership interest in the above named Limited
Partnership. 1% and 99% of this investment are held in CEC-ACE-G
Company and CEC-ACE-L Company, respectively, - both subsidiaries
of CIPSCO Energy Company. No established market value.
CEC-MPS, LP
A 100% limited partnership interest in the above named Limited
Partnership. 1% and 99% of this investment are held in CEC-MPS-G
Company and CEC-MPS-L Company, respectively - both subsidiaries
of CIPSCO Energy Company. No established market value.
d. CIPSCO Leasing Company
----------------------
Total current asset book value of investments listed below is
$34,909,476:
A 17.5% undivided interest in a leveraged lease financing of a
natural gas liquids plant held under the subsidiary name CIPSCO
Leasing Company.
A 25% undivided interest in a leveraged lease financing of
various oil and gas production equipment held under the
subsidiary name CLC Leasing Company A.
A 100% interest in a leveraged lease financing of a commercial
aircraft held under the subsidiary name CIPSCO Aircraft Leasing
Company.
A 100% interest in a leveraged lease financing of certain
commercial properties held under the subsidiary name CLC Leasing
Company B.
2. Union Electric Company
----------------------
<TABLE>
<CAPTION>
Security Purchase Market
Company Name Type Shares Price Value
------------ ---- ------ ----- -----
<S> <C> <C> <C> <C>
EnviroTech Investment
Fund, LLC
Active Power, Inc. CPS - Series B 246,306 $108,000 $150,710
CPS - Series C 115,108 $ 48,000 $ 48,000
AutomationSolutions CPS 71,270 $122,219 $122,219
Int'l LLC CS 37,448 $ 34,557 $ 34,557
Cycloid Company CPS - Series B 2,768 $ 82,555 $ 82,555
CPS - Series C 923 $ 15,000 $ 15,000
9% Note $ 22,500 $ 22,500
Inframetrics, Inc. Class B CS 7,235 $ 63,839 $ 63,839
Lightware, Inc. CPS - Series A 478,130 $ 81,000 $ 81,000
NSA Engineering, CPS - Series A 171,429 $ 20,571 $ 20,571
Inc.
OK International, CPS - Series D 420,235 $107,160 $107,160
Inc.
Progressive System CPS - Series A 1,032,635 $ 68,774 $ 68,774
Technologies, Inc.
Valdor Fiber Optics, CPS - Series A 332,355 $ 34,558 $ 34,498
Inc.
</TABLE>
<PAGE>
a. Union Electric Development Corporation
--------------------------------------
Gateway Energy Alliance LLC
A total of $429,792 was invested in a 50% interest in the above
named Limited Liability Corporation which is proposing to
develop a chilled water/steam project in the St. Louis area. No
established market value.
CellNet Data Systems, Inc.
Common Stock 536,193 shrs cost: $9,999,999 market value:
$4,155,496.
Gateway National Bank
Preferred Stock - private placement $30,000
Preferred Stock - 6% Senior perpetual $30,000
Kiel Center Corporation, Kiel Investors, LP and Clark Enterprises, Inc.
Capital contributions related to an investment in the
development of the Kiel Center, a 20,000 seat multipurpose arena
located in downtown St. Louis, Missouri, amounted to $6,208,303
as of 12/31/97. No established market value.
St. Louis Equity Funds
Real estate investment funds that finance rental housing
developments in St. Louis, Missouri, including the Union
Electric Company service territory. There are nine limited
partnerships with the Company's total contributions as of
12/31/97 of $2,745,453. No established market value.
Gateway Energy Systems, LLC
A 49% interest in the above named Limited Liability Company
amounting to $237,500. No established market value.
Housing Missouri Funds
Real estate investment funds that finance rental housing
developments in Missouri outside the St. Louis area. There are
two limited partnerships with the Company's total contributions
as of 12/31/97 of $34,004. No established market value.
Notes:
------
CS Common Stock
PS Preferred Stock
CPS Convertible Preferred Stock
ARP Adjustable Rate Preferred Stock
TOPRS Taxable Preferred Stock
SK Sinking Fund
INDEBTEDNESS OF SYSTEM COMPANIES
11. List each indebtedness of the registrant and of each subsidiary company
thereof (other than indebtedness reported under Item 8, but as of the
same date) where the aggregate debt owed by any such company to any one
person exceeds $25,000 or an amount exceeding 2% of the total of the
debit accounts shown on the balance sheet of the debtor (which amount
is the lesser) but not including any case in which such aggregate
indebtedness is less than $5,000, and give the following additional
information as to each such indebtedness:
(a) Debts owed to associate companies at December 31, 1997:
<TABLE>
<CAPTION>
The following table provides intercompany receivables and
payables as of December 31, 1997:
Name of Name of Rate of Date of
Debtor Creditor Amount Owed Interest Maturity
------ -------- ----------- -------- --------
<S> <C> <C> <C> <C>
EEI CIP $ 827,930 None N/A
UEC EEI $ 972,784 None N/A
CIP EEI $ 468,919 None N/A
UEC UDC $ 1,978,813 None N/A
UDC UEC $ 3,928,721 None N/A
CIP UEC $ 1,710,334 None N/A
AMC UEC $ 106,147 None N/A
EEI UEC $ 2,301,587 None N/A
CIC AMC $ 204,952 None N/A
CIC CSC $26,171,576 None N/A
</TABLE>
<TABLE>
<CAPTION>
The following table provides intercompany notes receivable/payable
as of December 31, 1997:
Name of Name of Rate of Date of
Debtor Creditor Amount Owed Interest Maturity
------ -------- ----------- -------- ---
<S> <C> <C> <C> <C>
UDC UEC $ 27,962,500 8.5% N/A
CIC CLCLCB $ 180,647 7.0% 12/31/2003
CIC CEC-PSPL-G $ 40,342 8.0% 12/31/2000
CIC CEC-MPS-G $ 46,608 8.0% 12/31/2000
CIC CSC $ 18,374,786 None N/A
CIC CEC $ 75,000 None N/A
CSC CLC $ 1,136,570 7.0% 11/25/2003
CSC CLC-ALC $ 2,494,877 7.0% 12/26/2000
CSC CLCLCA $ 1,316,567 7.0% 12/19/1999
CEC-PGE-L CIC $ 2,495,027 8.0% 12/31/2000
CEC-APL-G CIC $ 27,568 8.0% 12/31/2000
CEC-APL-L CIC $ 3,975,804 8.0% 12/31/2000
CEC-PSPL-L CIC $ 1,047,901 8.0% 12/31/2000
CEC-MPS-L CIC $ 1,364,498 8.0% 12/31/2000
CEC-ACE-L CIC $ 3,779,695 8.0% 12/31/1999
CEC-ACLP CIC $ 6,012,500 8.0% 12/31/2004
CVC CIC $ 460,239 8.0% 12/31/2009
CVC CIC $ 163,578 8.0% 02/22/2011
CVC CIC $ 110,000 8.0% 10/02/2012
</TABLE>
(b) Debts owed to others at December 31, 1997:
OMITTED BY PERMISSION OF THE STAFF.
PRINCIPAL LEASES
12. Describe briefly the principal features of each lease (omitting oil and
gas leases) to which the registrant or any subsidiary company thereof
is a party, which involves rental at an annual rate of more than
$50,000 or an amount exceeding 1% of the annual gross operating revenue
of such party to said lease during its last fiscal year (whichever of
such sums is the lesser) but not including any lease involving rental
at a rate of less than $5,000 per year.
<TABLE>
<CAPTION>
Total 1997 Expiration
Lessee Lessor Items(s) Leased Payments Date
------ ------ --------------- -------- ----
<S> <C> <C> <C> <C>
UEC IBM Computer software $ 1,039,861 N/A
UEC SAS Institute Computer software $ 121,621 N/A
UEC Com-Lease Microfiche $ 51,645 04/01/2001
UEC Comdisco Computer tape drives $ 231,936 07/24/1999
UEC Gateway Fuel Co. Nuclear fuel $31,362,000 11/26/2029
UEC C.T.Lawlor & E.A.Lawlor Training facilities $ 223,200 09/23/2007
UEC Deutsch Enterprises Furniture storage $ 56,844 07/01/1998
UEC Somiju Real Estate Office space $ 56,550 07/31/1999
CIP IBM Mainframe computers $ 392,448 12/31/1999
CIP IBM Computers/software $ 441,768 12/31/1999
CIP IBM Computer services $ 57,264 12/31/1999
CIP Levi Ray Shoup Computer software $ 142,000 N/A
CIP James Martin Computer software $ 150,000 N/A
CIP Candle Corp. Computer software $ 73,376 N/A
CIP Legent Corp. Computer software $ 90,993 N/A
CIP IBM Computer software $ 936,054 N/A
CIP Walker Interactive Systems Computer software $ 101,640 N/A
CIP Sterling Software Computer software $ 56,700 N/A
CIP Time Share Computer software $ 133,350 N/A
CIP Assoc. Elec. Coop. Inc. Generator/transformer $ 96,000 N/A
CIP DOBL Engineering Electric test equipment $ 51,000 N/A
</TABLE>
SECURITIES SOLD
13. If, during the last five years, the registrant or any subsidiary
company thereof has issued, sold, or exchanged either publicly or
privately any securities having a principal amount, par, stated or
declared value exceeding $1,000,000 or exceeding an amount equal to 10%
of the total liabilities as shown by the balance sheet of issuer at the
time of such issue (whichever of such sums is the lesser), give the
following information with respect to each such issue or sale:
Securities sold in last five years by UEC:
<TABLE>
<CAPTION>
Proceeds Name of Underwriters
Received By Approximate Principal Initial
Amount Issued Issuer Per $100 Expenses of Underwriters or Offering
Title of Issues or Sold ($000s) (Before Expenses) Issuer per $100 Purchasers Price per $100
- --------------- --------------- ----------------- --------------- ---------- --------------
<S> <C> <C> <C> <C> <C>
First Mortgage $188,000 $98.588 $0.675 Salomon $99.263
Bonds, 6-7/8% Brothers Inc.
Series Due
August 1, 2004
First Mortgage $148,000 $98.829 $0.750 Salomon Brothers $99.579
Bonds, 6-3/4% Inc.
Series Due
May 1, 2008
First Mortgage $75,000 $98.003 $0.875 Salomon Brothers $98.878
Bonds, 7.15% Inc.
Series Due
August 1, 2023
First Mortgage $44,000 $98.269 $0.955 Goldman, Sachs $99.224
Bonds (Environmental & Co.
Improvement Series)(5)
Preferred Stock, $33,000 $99.125 $0.875 Goldman, Sachs $100.00
$7.64 Series & Co.
Preferred Stock, $41,437.50 $24.2125 $0.785 Smith Barney $25.00
$1.735 Series Shearson Inc.
First Mortgage $100,000 $98.935 $0.875 Salomon Brothers $99.810
Bonds, 7% Series Inc.
Due January 15, 2024
Series A Subordinated $65,500 $99.00 $1.00 Lehman Brothers $100.00
Deferrable Interest
Debentures, 7.69%
Series Due
December 15, 2036
<FN>
(5) Issued in the name of State Enviromental Improvement and Energy Resources Authority of the State of Missouri.
</FN>
</TABLE>
<PAGE>
Securities sold in last five years by CIP:
<TABLE>
<CAPTION>
Proceeds Name of Underwriters
Received By Approximate Principal Initial
Amount Issued Issuer Per $100 Expenses of Underwriters or Offering
Title of Issues or Sold ($000s) Before Expenses) Issuer per $100 Purchasers Price per $100
- --------------- --------------- ---------------- --------------- ---------- --------------
<S> <C> <C> <C> <C> <C>
Pollution Control $35,000 $98.599 $0.640 Goldman, Sachs $99.645
Revenue Refunding & Co.
Bonds, 1993 Series A,
6-3/8% Series, Due
January 1, 2028
First Mortgage Bonds, $25,000 $98.969 $0.282 Morgan Stanley $99.594
6% Series, Due & Co. Inc.
April 1, 2000
First Mortgage Bonds, $40,000 $98.890 $0.282 Morgan Stanley $99.540
6-3/8% Series, Due & Co. Inc.
April 1, 2003
Preferred Stock, $30,000 $98.625 $0.585 Smith Barney, $100.00
1993 Auction Series A, Harris Upham
Rate - Various & Co. Inc.
Pollution Control $17,500 $99.356 $0.903 Morgan Stanley $100.00
Revenue Refunding & Co. Inc.
Bonds, 1993 Series
B-1, 4-3/8%, Due
June 1, 2028
Pollution Control $17,500 $99.126 $0.903 Morgan Stanley $100.00
Revenue Refunding & Co. Inc.
Bonds, 1993 Series
B-2, 5.90%, Due
June 1, 2028
Pollution Control $35,000 $99.377 $0.496 Smith Barney $100.00
Revenue Refunding Shearson Inc.
Bonds, 1993 Series
C-1, 4.20%, Due
August 15, 2026
Pollution Control $25,000 $99.227 $0.496 Smith Barney $100.00
Revenue Refunding Shearson Inc.
Bonds, 1993 Series
C-2, 5.70%, Due
August 15, 2026
Preferred Stock, $12,500 $24.725 $1.049 Smith Barney $25.00
6.625% Series Shearson Inc.
First Mortgage Bonds, $20,000 $99.375 $0.912 Smith Barney $100.00
Medium Term Note, Inc.
1995-1, 6.49% Series,
Due June 1, 2005
First Mortgage Bonds, $45,000 $99.633 $0.383 Smith Barney $100.00
Medium Term Notes, Inc.
1997-1, 6.52% - 6.99%,
Due March 15, 1999 -
March 15, 2003
First Mortgage Bonds, $80,000 $99.413 $0.326 Smith Barney $100.00
Medium Term Notes, Inc.
1997-2, 6.73% - 7.61%,
Due June 1, 2001 -
June 1, 2017
</TABLE>
<PAGE>
AGREEMENT FOR FUTURE DISTRIBUTION OF SECURITIES
14. (a) Summarize the terms of any existing agreement to which the
registrant or any associate or affiliate company thereof is a
party or in which any such company has a beneficial interest
with respect to future distribution of securities of the
registrant or of any subsidiary.
Certain information regarding agreements with respect
to future distribution of securities of AMC and its
subsidiaries is set forth in the following documents, the
applicable portions of which are hereby incorporated by
reference: Item 1.D of the Application/Declaration of AMC on
Form U-1, as amended in File No. 70-8945; Registration
statement of AMC on Form S-3 with respect to AMC's Dividend
Reinvestment and Stock Purchase Plan in File No. 33-43721; the
Registration statement of AMC on Form S-8 with respect to a
savings investment plan in File No. 33-43737; and the
Registration statement of AMC on Form S-8 with respect to
certain employee benefit plans in File No. 33-43743.
Information regarding UEC's stock option plans is set forth in
Note 9 of AMC's 1997 Annual Report to Shareholders, which has
been provided as Exhibit F-1 hereto.
(b) Describe briefly the nature of any financial interest (other
than the ownership of securities acquired as a dealer for the
purpose of resale) which any person with whom such agreement
exists, has in the registrant or in any associate or affiliate
company thereof.
The beneficiaries of the employee benefit plans
referred to above may be deemed to have a financial interest
in the Registrant or affiliated companies thereof by virtue of
their employment relationship with the Registrant or such
other companies and compensation, benefit and severance
agreements and arrangements relating to such employment.
TWENTY LARGEST HOLDERS OF CAPITAL STOCKS
15. As of a recent date (indicating such date for each class) give the
following information with respect to the holders of each class of
stock and/or certificates of beneficial interest of the registrant:
(a) The twenty largest registered holders of the common stock of
Ameren Corporation, as of its most recent dividend record
date:
AMC shares can be held by certificate, through
dividend reinvestment plans, through employee investment
plans, through investment companies, and other street name and
nominee accounts. Absent an unreasonable expenditure of time
and money, AMC has no way to determine the number of shares
held by each holder of beneficial interest. Accordingly, AMC
is only able to provide information as to shares registered
with AMC.
The following table sets forth AMC's twenty largest
registered shareholders on the books as of March 6, 1998:
<PAGE>
<TABLE>
<CAPTION>
SHAREHOLDER SHARES HELD % OF OUTSTANDING
----------- ----------- ----------------
<S> <C> <C>
CEDE & CO. 88,420,877 64.44%
Box 20
Bowling Green Station
New York, NY 10004
UBALANCE 4,987,421 3.63%
c/o Ameren Services
Investor Services Dept.
P.O. Box 66887
St. Louis, MO 63166-6887
CBALANCE 2,014,241 1.47%
c/o Ameren Services
Investor Services Dept.
P.O. Box 66887
St. Louis, MO 63166-6887
ALLEN W PIKE TR 100,000 0.07%
UA May 4 83
Allen W. Pike Revocable Trust
20 Chestnut St., N10
Exeter, NH 03833-1881
SOUTHERN REAL ESTATE & FINANCIAL CO. 56,973 0.04%
705 Olive St.
St. Louis, MO 63101-2234
HART SECURITIES LTD. 51,500 0.04%
c/o Anthony Bonanno
Gibson Dunn & Crutcher
1050 Connecticut Ave., NW #900
Washington, DC 20036-5320
GORDON IMLAY 51,500 0.04%
470 Wood Ave., SW
Suite 3A
Bainbridge Island, WA 98110-2749
HOW & CO. 43,871 0.03%
c/o The Northern Trust Co.
Attn: Capital Structure
801 So. Canal St., C-1N
Chicago, IL 60607-4515
DAVID WUE & COMPANY LTD 33,000 0.02%
Rm. 608 CC WU Bldg.
302-308 Hennessy Rd.
Wanchai, Hong Kong
HART SECURITIES LTD. 30,900 0.02%
c/o Anthony Bonanno
Gibson Dunn & Crutcher, Ste. 900
1050 Connecticut Ave., NW
Washington, DC 20036-5303
A. G. EDWARDS & SONS, INC. 29,196 0.02%
1 No. Jefferson
St. Louis, MO 63103-2205
SMITH BARNEY INC. 26,532 0.02%
333 W. 34th St., 3rd Fl.
New York, NY 10001-2402
ANN M. FELKINS & 25,376 0.02%
BARBARA A. PETERS, JT TEN
403 Neosho
Park Forest, IL 60466-2324
DORIS FESSER 24,726 0.02%
c/o Virginia L. Achenbach POA
503 W. Vine St.
Taylorville, IL 62568-1837
OZEE TERMINALS INC. 23,793 0.02%
123 North 15th Street
P.O. Box 605
Mattoon, IL 61938-3927
ALFRED N. KOPLIN 20,345 0.01%
21 Spinning Wheel Rd.
Hinsdale, IL 60521-2930
GASPARE DELLE DONNE & 19,993 0.01%
DOMENICA D. DONNE, JT TEN
103 Tell St.
Providence, RI 02909-1526
JOSEPH L. GRANA & 18,462 0.01%
RUTH ANN GRANA, TR
UA Oct 7 91 Joseph &
Ruth Ann Grana Family Trust
9722 Crestwick Dr.
St. Louis, MO 63128-1104
STIFEL NICOLAUS & CO. INC. 17,919 0.01%
500 North Broadway
St. Louis, MO 63102-2110
JOSEPH D. SIMMONS, TR 17,549 0.01%
UA Jan 28 93
Joseph D. Simmons Trust
435 E. Cherry St.
P.O. Box 310
Kirkwood, IL 61447-0310
</TABLE>
(b) Number of shareholders of record each holding 1,000 shares or
more, and aggregate number of shares so held.
At the most recent record date, there were 10,518
shareholders holding 1,000 shares or more. The aggregate
number of shares held by these shareholders was 109,606,298.
(c) Number of shareholders of record each holding less than 1,000
shares and the aggregate number of shares so held.
At the most recent record date, there were 133,054
shareholders holding less than 1,000 shares. The aggregate
number of shares held by these shareholders was
27,609,164.
OFFICERS, DIRECTORS AND EMPLOYEES
16. (a) Positions and Compensation of Officers and Directors. Give
name and address of each director and officer (including any
person who performs similar functions) of the registrant, of
each subsidiary company thereof, and of each mutual service
company which is a member of the same holding company system.
Opposite the name of each such individual give the title of
every such position held by him and briefly describe each other
employment of such individual by each such company.
State the present rate of compensation on an annual basis for
each director whose aggregate compensation from all such
companies exceeds $1,000 per year, and of each officer whose
aggregate compensation from such companies is at the rate of
$20,000 or more per year. In the event any officer devotes only
part of his time to a company or companies in the system this
fact should be indicated by appropriate footnote. Such
compensation for such part time should be computed on an annual
rate and if such annual rate exceeds $20,000 the actual
compensation as well as annual rate should also be reported.
(b) Compensation of Certain Employees. As to regular employees of
such companies who are not directors or officers of any one of
them, list the name, address, and aggregate annual rate of
compensation of all those who receive $20,000 or more per year
from all such companies.
(c) Indebtedness to System Companies. As to every such director,
trustee or officer as aforesaid, who is indebted to any one of
such companies, or on whose behalf any such company has now
outstanding and effective any obligation to assume or guarantee
payment of any indebtedness to another, and whose total direct
and contingent liability to such company exceeds the sum of
$1,000, give the name of such director, trustee, or officer, the
name of such company, and describe briefly the nature and amount
of such direct and contingent obligations.
(d) Contracts. If any such director, trustee, or officer as
aforesaid:
(1) has an existing contract with any such company (exclusive
of an employment contract which provides for no
compensation other than that set forth in paragraph (a) of
this Item); or,
(2) either individually or together with the members of his
immediate family, owns, directly or indirectly, 5% or more
of the voting securities of any third person with whom any
such company has an existing contract; or,
(3) has any other beneficial interest in an existing contract
to which any such company is a party; describe briefly the
nature of such contract, the names of the parties thereto,
the terms thereof, and the interest of such officer,
trustee, or director therein.
(e) Banking Connections. If any such director, trustee, or officer
is an executive officer, director, partner, appointee, or
representative of any bank, trust company, investment banker, or
banking association or firm, or of any corporation a majority of
whose stock having the unrestricted right to vote for the
election of directors, is owned by any bank, trust company,
investment banker, or banking association or firm, state the
name of such director or officer, describe briefly such other
positions held by him and indicate which of the rules under
Section 17(c) authorizes the registrant and subsidiary companies
of which he is a director or officer to retain him in such
capacity.
By permission of the Staff, information required to be
disclosed pursuant to Items 16(a) through 16(e) is not set forth
herein. In lieu thereof, information in respect thereof is set
forth in the Proxy Statements of AMC, CIP and UEC distributed in
connection with the 1998 Annual Meetings of Shareholders or in
the Annual Reports on Form 10-K for the year ending December 31,
1997 for such companies, and such information is hereby
incorporated by reference.
INTERESTS OF TRUSTEES IN SYSTEM COMPANIES
17. Describe briefly the nature of any substantial interest which any
trustee under indentures executed in connection with any outstanding
issue of securities of the registrant or any subsidiary thereof, has in
either the registrant or such subsidiary, and any claim which any such
trustee may have against registrant or any subsidiary; provided,
however, that it shall not be necessary to include in such description
any evidences of indebtedness owned by such trustee which were issued
pursuant to such an indenture.
To the best knowledge of AMC's management, there is no such
interest.
SERVICE, SALES, AND CONSTRUCTION CONTRACTS
18. As to each service, sales, or construction contract (as defined in
paragraphs (19) to(21) of Section 2(a) of the Act) which the registrant
and any subsidiary company thereof has had in effect within the last
three months, describe briefly the nature of such contract, the name
and address of the parties thereto, the dates of execution and
expiration, and the compensation to be paid thereunder. Attach typical
forms of any such contracts as an exhibit to this registration
statement. If the other party to any such contract is a mutual service
company or a subsidiary service company which is a member of the same
holding company system as the registrant and as to which the Commission
has made a favorable finding in accordance with Rule 13-22, specific
reference may be made to the application or declaration filed by such
company pursuant to Rule 13-22 and no further details need be given as
to such contracts.
See the General Services Agreement between AMS and AMC, UEC,
CIP, CIC, ADC and ERC, the form of which was filed as the Second
Amended Exhibit B-4 to the Merger U-1, as amended, in File No. 70-8945,
which is incorporated herein by reference. As additional agreements are
subsequently entered into, copies will be provided by amendment.
LITIGATION
19. Describe briefly any existing litigation of the following descriptions,
to which the registrant or any subsidiary company thereof is a party,
or of which the property of the registrant or any such subsidiary
company is the subject, including the names of the parties and the
court in which such litigation is pending:
(1) Proceedings to enforce or to restrain enforcement of any order
of a State commission or other governmental agency;
(2) Proceedings involving any franchise claimed by any such
company;
(3) Proceedings between any such company and any holder, in his
capacity as such, of any funded indebtedness or capital stock
issued, or guaranteed by such company, or between any such
company and any officer thereof;
(4) Proceedings in which any such company sues in its capacity as
owner of capital stock or funded indebtedness issued or
guaranteed by any other company;
(5) Each other proceeding in which the matter in controversy,
exclusive of interest and costs, exceeds an amount equal to 2%
of the debit accounts shown on the most recent balance sheet
of such company.
Information regarding litigation involving AMC and
its subsidiaries is set forth in the following documents,
which are attached hereto as Exhibits 5(a)(1), 5(a)(2) and
5(a)(3), respectively: Item 3 of AMC's Annual Report on Form
10-K for the period ending December 31, 1997 (File No.
1-14756); Item 3 of CIP's Annual Report on Form 10-K for the
period ending December 31, 1997 (File No. 1-3672); and Item 3
of UEC's Annual Report on Form 10-K for the period ending
December 31, 1997 (File No. 1-2967).
EXHIBITS
EXHIBIT A. Furnish a corporate chart showing graphically
relationships existing between the registrant and all
subsidiary companies thereof as of the same date as the
information furnished in the answer to Item 8. The chart
should show the percentage of each class voting
securities of each subsidiary owned by the registrant
and by each subsidiary company.
Corporate charts of Ameren Corporation and its
subsidiaries have been provided as Exhibits A-1
through A-2.
EXHIBIT B. With respect to the registrant and each subsidiary
company thereof, furnish a copy of the charter, articles
of incorporation, trust agreement, voting trust
agreement, or other fundamental document of organization
, and a copy of its bylaws, rules, and regulations,
or other instruments corresponding thereto. If such
documents do not set forth fully the rights, priorities
, and preferences of the holders of each class of
capital stock described in the answer to Item 8(b) and
those of the holders of any warrants, options or other
securities described in the answer to Item 8(d), and of
any limitations on such rights, there shall also be
included a copy of each certificate, resolution, or
other document establishing or defining such rights and
limitations. Each such document shall be in the amended
form effective at the date of filing the registration
statement or shall be accompanied by copies of any
amendments to it then in effect.
By permission of the Staff, in lieu of the exhibits
required hereunder, the disclosure requirements for
Exhibit B have been limited to (i) the state of
incorporation for AMC and each of its subsidiary
companies; (ii) a brief description of every subsidiary
company of AMC; and (iii) a brief description of every
subsidiary company of AMC including a statement as to
whether each such company is active or inactive. Such
information is set forth in Items 4 and 5 hereof.
EXHIBIT C. (a) With respect to each class of funded debt shown
in the answers to Items 8(a) and 8(c), submit a
copy of the indenture or other fundamental
document defining the rights of the holders of
such security, and a copy of each contract or
other instrument evidencing the liability of the
registrant or a subsidiary company thereof as
endorser or guarantor of such security. Include
a copy of each amendment of such document and of
each supplemental agreement, executed in
connection therewith. If there have been any
changes of trustees thereunder, such changes,
unless otherwise shown, should be indicated by
notes on the appropriate documents. No such
indenture or other document need be filed in
connection with any such issue if the total
amount of securities that are now, or may at any
time hereafter, be issued and outstanding
thereunder does not exceed either $1,000,000 or
an amount equal to 10% of the total of the debit
accounts shown on the most recent balance sheet
of the registrant or subsidiary company which
issued or guaranteed such securities or which is
the owner of property subject to the lien of
such securities, whichever of said sums is the
lesser.
OMITTED BY PERMISSION OF THE STAFF.
(b) As to each outstanding and uncompleted contract
or agreement entered into by registrant or any
subsidiary company thereof relating to the
acquisition of any securities, utility assets
(as defined in section 2(a)(18) of the Act), or
any other interest in any business, submit a
copy of such contract or agreement and submit
details of any supplementary understandings or
arrangements that will assist in securing an
understanding of such transactions.
OMITTED BY PERMISSION OF THE STAFF.
EXHIBIT D. A consolidating statement of income and surplus of
the registrant and its subsidiary companies for its last
fiscal year ending prior to the date of filing this
registration statement, together with a consolidating
balance sheet of the registrant and its subsidiary
companies as of the close of such fiscal year.
The financial statements of AMC and its subsidiaries
have been provided as Exhibits D-1 through D-5.
EXHIBIT E. For each public utility company and natural gas
producing and pipe line property in the holding company
system of the registrant, furnish the following maps
(properties of associate companies operating in
contiguous or nearby areas may be shown on the same map,
provided property and service areas of each company are
shown distinctively).
(1) Map showing service area in which electric
service is furnished, indicating the names of
the companies serving contiguous areas.
(2) Electric system map showing location of electric
property (exclusive of local distribution lines)
owned and/or operated, and information as
follows:
(a) Generating plants -- kind and capacity;
(b) Transmission lines -- voltage, number
of circuits, kind of supports, kind and
size of conductors;
(c) Transmission substations -- capacity.
(d) Distribution substation -- capacity.
(e) Points of interconnection with all
other electric utility companies and
with all electrical enterprises
operated by municipal or governmental
agencies, giving names of such
companies and enterprises;
(3) Map showing service area in which gas service is
furnished, indicating the names of companies
serving contiguous areas;
(4) Gas system map showing location of gas property
(exclusive of low pressure local distribution
lines) owned and/or operated, and information as
follows:
(a) Generating plants -- kind and daily
capacity;
(b) Holders -- kind and capacity;
(c) Compressor stations -- capacity in
horsepower;
(d) Transmission pipe lines -- size,
approximate average transmission
pressure and the estimated daily
delivery capacity of the system;
(e) Points of interconnection with all
other private and public gas utilities,
pipe lines, or producing enterprises;
giving names of such companies and
other enterprises;
(f) General location and outline of gas
producing and reserve areas and
diagrammatic location of gathering
lines.
The maps have been provided as Exhibits
E-1 through E-7.
EXHIBIT F. Furnish an accurate copy of each annual report for
the last fiscal year ending prior to the date of the
filing of this registration statement, which the
registrant and each subsidiary company thereof has
previously submitted to its stockholders. For companies
for which no reports are submitted the reason for
omission should be indicated; provided that electronic
filers shall submit such reports in paper format only
under cover of Form SE.
AMC's 1997 Annual Report to Shareholders has been
provided as Exhibit F-1 hereto. Annual Reports on Forms
10-K for CIP and UEC have been provided hereto as
Exhibits 5(a)(2) and 5(a)(3), respectively.
EXHIBIT G. Furnish a copy of each annual report which the
registrant and each public utility subsidiary company
thereof shall have filed with any State Commission
having jurisdiction to regulate public utility companies
for the last fiscal year ending prior to the date of
filing this registration statement. If any such company
shall have filed similar reports with more than one such
State commission, the registrant need file a copy of
only one of such reports provided that notation is made
of such fact, giving the names of the different
commissions with which such report was filed, and
setting forth any differences between the copy submitted
and the copies filed with such other commissions. In the
event any company submits an annual report to the
Federal Power Commission but not to a State commission,
a copy of such report should be furnished. In the case
of a registrant or any public utility subsidiary company
for which no report is appended the reasons for such
omission should be indicated such as "No such reports
required or filed;" provided that electronic filers
shall submit such reports in paper format only under
cover of Form SE.
Exhibit G-1 1997 Annual Report of Major
Electric Utilities, Licensees
and Other of Union Electric
Company to the Federal Energy
Regulatory Commission(Form 1).
Exhibit G-2 1997 Annual Report of Major
Electric Utilities, Licensees
and Other of Union Electric
Company to the Missouri Public
Service Commission (Form 1).
Exhibit G-3 1997 Annual Report of Electric
Utilities Licensees and/or
Natural Gas Utilities of Union
Electric Company to the
Illinois Commerce Commission
(Form 21).
Exhibit G-4 1997 Annual Report of Major
Electric Utilities, Licensees
and Other of Central Illinois
Public Service Company to the
Federal Energy Regulatory
Commission (Form 1).
Exhibit G-5 1997 Annual Report of Electric
Utilities Licensees and/or
Natural Gas Utilities of
Central Illinois Public
Service Compan to the
Illinois Commerce Commission
(Form 21).
Exhibit G-6 1997 Annual Report of Natural
Gas for Companies (Class A and
Class B) of Union Electric
Company to the Missouri Public
Service Commission (Form 2).
Exhibit G-7 1997 Annual Report of Union
Electric Company to the
Missouri Public Service
Commission - Steam.
EXHIBIT H. Typical forms of service, sales, or construction
contracts described in answer to Item 18.
See the General Services Agreement between AMS and
AMC, UEC, CIP, CIC, ADC and ERC, the form of which was
filed as the Second Amended Exhibit B-4 to the Merger
U-1, as amended, in File No. 70-8945, which is
incorporated by reference. As additional agreements are
subsequently entered into, copies will be provided by
amendment.
This registration statement is comprised of:
(a) Pages numbered 1 to 31 consecutively.
(b) The following Exhibits: the Exhibits shown on the attached exhibit
index.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, the registrant has caused this registration statement to be duly
signed on its behalf in the City and County of St. Louis and State of
Missouri, on the 24th day of April, 1998.
Ameren Corporation
By: /S/ DONALD E. BRANDT
--------------------
Donald E. Brandt
Sr. Vice President - Finance
Attest:
/S/ JAMES C. THOMPSON
---------------------
James C. Thompson
Secretary
VERIFICATION
STATE OF MISSOURI )
) SS
CITY OF ST. LOUIS )
The undersigned, being duly sworn, deposes and says that he has duly
executed the attached registration statement dated April 24th, 1998, for and
on behalf of Ameren Corporation; that he is the Senior Vice President -
Finance of such company; and that all action by stockholders, directors, and
other bodies necessary to authorize deponent to execute and file such
instrument has been taken. Deponent further says that he is familiar with
such instrument and the contents thereof, and that the facts therein set
forth are true to the best of his knowledge, information and belief.
/S/ DONALD E. BRANDT
--------------------
Donald E. Brandt
Subscribed and sworn to before me this 24th day of April, 1998.
/S/ G. L. WATERS
----------------
G. L. Waters
Notary Public
My commission expires: mARCH 16, 1999
INDEX OF EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
------ -----------
5(a)(1) Annual Report of Ameren Corporation on Form 10-K for the period
ending December 31, 1997 (File No. 1-14756) (filed herewith on
Form SE)
5(a)(2) Annual Report of Central Illinois Public Service Company on
Form 10-K for the period ending December 31, 1997 (File No.
1-3672) (filed herewith on Form SE)
5(a)(3) Annual Report of Union Electric Company on Form 10-K for the
period ending December 31, 1997 (File No. 1-2967) (filed
herewith on Form SE)
A-1 Corporate Chart of Ameren Corporation and its Subsidiaries
(filed herewith on Form SE)
A-2 Corporate Chart of CIPSCO Investment Company and its
Subsidiaries (filed herewith on Form SE)
D-1 Consolidating Financial Statements of Ameren Corporation
D-2 Consolidating Financial Statements of CIPSCO Investment Company
D-3 Consolidating Financial Statements of CIPSCO Leasing Company
D-4 Consolidating Financial Statements of CIPSCO Energy Company
D-5 Elimination Entries
E-1 Map of service area of Ameren Corporation (filed herewith on
Form SE)
E-2 Map of Union Electric Company's electric facilities (filed
herewith on Form SE)
E-3 Map of Union Electric Company's electric transmission system
(filed herewith on Form SE)
E-4 Map of Central Illinois Public Service Company's electric
facilities including transmission system (filed herewith on
Form SE)
E-5 Map of electric interconnections of Mid-America Interconnected
Network, Inc. of which Union Electric Company and Central
Illinois Public Service Company are members (filed herewith on
Form SE)
E-6 Map of Union Electric Company's gas delivery system (filed
herewith on Form SE)
E-7 Map of Central Illinoi s Public Service Company's gas
transmission system (filed herewith on Form SE)
F-1 Ameren Corporation's 1997 Annual Report to Shareholders (filed
herewith on Form SE)
G-1 1997 Annual Report of Major Electric Utilities, Licensees and
Other of Union Electric Company to the Federal Energy
Regulatory Commission (Form 1) (filed herewith on Form SE)
G-2 1997 Annual Report of Major Electric Utilities, Licensees and
Other of Union Electric Company to the Missouri Public Service
Commission (Form 1) (filed herewith on Form SE)
G-3 1997 Annual Report of Electric Utilities Licensees and/or
Natural Gas Utilities of Union Electric Company to the Illinois
Commerce Commission (Form 21) (filed herewith on Form SE)
G-4 1997 Annual Report of Major Electric Utilities, Licensees and
Other of Central Illinois Public Service Company to the Federal
Energy Regulatory Commission (Form 1) (filed herewith on
Form SE)
G-5 1997 Annual Report of Electric Utilities Licensees and/or
Natural Gas Utilities of Central Illinois Public Service
Company to the Illinois Commerce Commission (Form 21) (filed
herewith on Form SE)
G-6 1997 Annual Report of Natural Gas for Companies (Class A and
Class B) of Union Electric Company to the Missouri Public
Service Commission (Form 2) (filed herewith on Form SE)
G-7 1997 Annual Report of Union Electric Company to the Missouri
Public Service Commission - Steam (filed herewith on Form SE)
Exhibit D-1
Ameren Corporation
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands CIC
Consolidated
AMC UEC CIP (Exhibit D-2)
------------ ------------- --------------- ----------------
<S> <C> <C> <C> <C>
Property & Plant, at original cost:
Electric $ 8,832,039 $ 2,311,364
Gas 197,959 249,499
Other 36,023
------------ ------------- --------------- -------------
9,066,021 2,560,863
Less: Accumulated depreciation and amortization 3,866,925 1,132,591
- ------------------------------------------------------------- ------------- --------------- -------------
5,199,096 1,428,272
Construction work in process:
Nuclear fuel in process 134,804
Other 68,074 59,531
------------ ------------- --------------- -------------
Total Property & Plant, Net - 5,401,974 1,487,803 -
Investments and Other Assets:
Investments 3,018,711 - 97,188
Nuclear decommissioning trust fund 122,438
Other 33,315 30,476 1,121
------------ ------------- --------------- -------------
Total Investments & Other Assets 3,018,711 155,753 30,476 98,309
Current Assets:
Cash & cash equivalents 3,232 6,040 100
Accounts receivable - trade 179,708 67,495
Unbilled revenue 71,156 31,708
Other accounts & notes receivable 205 41,028 7,760
Materials and supplies at average cost -
Fossil fuel 49,574 39,194
Other 97,375 32,334
Other 865 11,040 32,637 1,514
------------ ------------- --------------- -------------
Total Current Assets 1,070 453,113 217,168 1,614
Regulatory Assets:
Deferred income taxes 611,740 28,052
Other 179,705 25,208
------------ ------------- --------------- -------------
Total Regulatory Assets 791,445 53,260
------------ ------------- --------------- -------------
TOTAL ASSETS $3,019,781 $ 6,802,285 $ 1,788,707 $ 99,923
============ ============= =============== =============
</TABLE>
<PAGE>
Ameren Corporation
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
Eliminations AMC
EEI (Exhibit D-5) Consolidated
------------ ----------------------------------
<S> <C> <C> <C>
Property & Plant, at original cost:
Electric $ 379,327 $ 11,522,730
Gas - 447,458
Other - 36,023
------------ ------------- ---------------
379,327 - 12,006,211
Less: Accumulated depreciation and amortization 285,918 5,285,434
------------ ------------- ---------------
93,409 - 6,720,777
Construction work in process:
Nuclear fuel in process - 134,804
Other 3,899 131,504
------------ ------------- ---------------
Total Property & Plant, Net 97,308 - 6,987,085
Investments and Other Assets:
Investments - (3,018,711) 97,188
Nuclear decommissioning trust fund - 122,438
Other 5,304 (5,301) 64,915
------------ ------------- ---------------
Total Investments & Other Assets 5,304 (3,024,012) 284,541
Current Assets:
Cash & cash equivalents 324 9,696
Accounts receivable - trade 19,103 266,306
Unbilled revenue - 102,864
Other accounts & notes receivable 2,242 (1,470) 49,765
Materials and supplies at average cost -
Fossil fuel 4,663 93,431
Other 4,443 134,152
Other 8,946 55,002
------------ ------------- ---------------
Total Current Assets 39,721 (1,470) 711,216
Regulatory Assets:
Deferred income taxes - 639,792
Other - 204,913
------------ ------------- ---------------
Total Regulatory Assets - - 844,705
------------ ------------- ---------------
TOTAL ASSETS $ 142,333 $(3,025,482) $ 8,827,547
============ ============= ===============
</TABLE>
<PAGE>
Exhibit D-1
Ameren Corporation
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands CIC
Consolidated
AMC UEC CIP (Exhibit D-2)
------------ ------------- --------------- ----------------
<S> <C> <C> <C> <C>
Capitalization:
Common stock $ 1,372 $ 510,619 $ 121,282 $ 56,328
Other paid-in capital 1,582,938 716,879
Retained earnings 1,434,658 1,159,956 451,477 2,171
-----------------------------------------------------------------
Total Common Stockholders' Equity 3,018,968 2,387,454 572,759 58,499
Preferred stock not subject to mandatory redemption 155,197 80,000
Preferred stock subject to mandatory redemption -
Long-term debt - 1,846,482 558,474 -
-----------------------------------------------------------------
Total Capitalization 3,018,968 4,389,133 1,211,233 58,499
Minority Interest in Consolidated Subsidiary
Current Liabilities:
Current maturity of long-term debt 28,797 9,000
Short-term debt 21,300 64,966
Accounts and wages payable 22 188,014 89,362 229
Accumulated deferred income taxes 35,809
Taxes accrued (42) 94,167 15,869 572
Other 890 142,859 21,937
-----------------------------------------------------------------
Total Current Liabilities 870 510,946 201,134 801
Accumulated Deferred Income Taxes (57) 1,264,800 257,914 40,623
Accumulated Deferred Investment Tax Credits 149,891 40,369
Regulatory Liability 175,638 48,587
Other Deferred Credits and Liabilities 311,877 29,470
-----------------------------------------------------------------
TOTAL CAPITAL AND LIABILITIES $3,019,781 $ 6,802,285 $ 1,788,707 $ 99,923
=================================================================
</TABLE>
<PAGE>
Exhibit D-1
Ameren Corporation
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
Eliminations AMC
EEI (Exhibit D-5) Consolidated
------------ ----------------------------------
<S> <C> <C> <C>
Capitalization:
Common stock $ 6,200 $ (694,429) $ 1,372
Other paid-in capital - (716,879) 1,582,938
Retained earnings 2,634 (1,616,238) 1,434,658
----------------------------------------------
Total Common Stockholders' Equity 8,834 (3,027,546) 3,018,968
Preferred stock not subject to mandatory redemption - 235,197
Preferred stock subject to mandatory redemption - -
Long-term debt 101,112 - 2,506,068
----------------------------------------------
Total Capitalization 109,946 (3,027,546) 5,760,233
Minority Interest in Consolidated Subsidiary 3,534 3,534
Current Liabilities:
Current maturity of long-term debt 14,444 52,241
Short-term debt - 86,266
Accounts and wages payable 17,234 (1,470) 293,391
Accumulated deferred income taxes - 35,809
Taxes accrued - 110,566
Other 3,041 168,727
----------------------------------------------
Total Current Liabilities 34,719 (1,470) 747,000
Accumulated Deferred Income Taxes (6,299) 1,556,981
Accumulated Deferred Investment Tax Credits - 190,260
Regulatory Liability - 224,225
Other Deferred Credits and Liabilities 3,967 345,314
----------------------------------------------
TOTAL CAPITAL AND LIABILITIES $ 142,333 $(3,025,482) $ 8,827,547
==============================================
</TABLE>
<PAGE>
Exhibit D-1
Ameren Corporation
Consolidating Income Statement
Year Ended December 31, 1997
<TABLE>
<CAPTION>
CIC
In thousands Consolidated
AMC UEC CIP (Exhibit D-2)
----------- ------------ ------------- -----------------
<S> <C> <C> <C> <C>
Operating Revenues:
Electric $2,188,571 $ 700,517
Gas 98,259 151,558
Other 345 503 11,040
----------- ------------ ------------- --------------
Total operating revenues 345 2,287,333 852,075 11,040
Operating Expenses:
Operations
Fuel and purchased power 499,995 242,256
Gas costs 63,453 97,226
Other 318 404,956 160,201 987
----------- ------------ ------------- --------------
318 968,404 499,683 987
Maintenance 217,426 75,652 1
Depreciation and amortization 247,961 82,689 466
Income taxes 192,766 33,661
Other taxes 5 211,949 57,895 31
----------- ------------ ------------- --------------
Total operating expenses 323 1,838,506 749,580 1,485
Operating Income 22 448,827 102,495 9,555
Other Income and Deductions:
Allowance for equity funds used during construction 4,461 783
Miscellaneous, net 330 7,334 (3,800) (2,869)
----------- ------------ ------------- --------------
Total other income and deductions 330 11,795 (3,017) (2,869)
Income before Interest Charges & Preferred Dividends 352 460,622 99,478 6,686
Interest Charges & Preferred Dividends:
Interest 32 138,676 36,791 33
Allowance for borrowed funds used during construction (6,676) (786)
Preferred Dividends of Subsidiaries 8,817 3,715
----------- ------------ ------------- --------------
32 140,817 39,720 33
----------- ------------ ------------- --------------
Income Before Extraordinary Items 320 319,805 59,758 6,653
Extraordinary Items, Net of Tax (26,967) (24,853)
----------- ------------ ------------- --------------
Net Income $ 320 $ 292,838 $ 34,905 $ 6,653
=========== ============ ============= ==============
</TABLE>
<PAGE>
Exhibit D-1
Ameren Corporation
Consolidating Income Statement
Year Ended December 31, 1997
<TABLE>
<CAPTION>
In thousands Eliminations AMC
EEI (Exhibit D-5) Consolidated
----------- -------------------------------
<S> <C> <C> <C>
Operating Revenues:
Electric $230,964 (55,875) $ 3,064,177
Gas - (2) 249,815
Other 663 12,551
----------- ------------ -------------
Total operating revenues 231,627 (55,877) 3,326,543
Operating Expenses:
Operations
Fuel and purchased power 150,052 (55,858) 836,445
Gas costs - 160,679
Other 18,771 (19) 585,214
----------- ------------ -------------
168,823 (55,877) 1,582,338
Maintenance 17,162 310,241
Depreciation and amortization 14,884 346,000
Income taxes 7,752 234,179
Other taxes 1,831 271,711
----------- ------------ -------------
Total operating expenses 210,452 (55,877) 2,744,469
Operating Income 21,175 - 582,074
Other Income and Deductions:
Allowance for equity funds used during construction - 5,244
Miscellaneous, net 1,091 (12,430) (10,344)
----------- ------------ -------------
Total other income and deductions 1,091 (12,430) (5,100)
Income before Interest Charges & Preferred Dividends 22,266 (12,430) 576,974
Interest Charges & Preferred Dividends:
Interest 9,836 185,368
Allowance for borrowed funds used during construction - (7,462)
Preferred Dividends of Subsidiaries - 12,532
----------- ------------ -------------
9,836 190,438
----------- ------------ -------------
Income Before Extraordinary Items 12,430 (12,430) 386,536
Extraordinary Items, Net of Tax (51,820)
----------- ------------ -------------
Net Income $ 12,430 $ (12,430) $ 334,716
=========== ============ =============
</TABLE>
Exhibit D-2
CIPSCO Investment Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
CLC CEC
Consolidated Consolidated
CIC CSC (Exhibit D-3) (Exhibit D-4)
----------- ----------- ----------------------------------
<S> <C> <C> <C> <C>
Property & Plant, at original cost:
Electric
Gas
Other
Less: Accumulated depreciation and amortization
Construction work in process:
Nuclear fuel in process
Other
Total property & plant, net
Investments and Other Assets:
Investments $ 81,591 $ 31,536 $ 34,924 $ 30,618
Nuclear decommissioning trust fund
Other 360 2
----------- ----------- -------------- --------------
Total investments & other assets 81,951 31,538 34,924 30,618
Current Assets:
Cash & cash equivalents 100
Accounts receivable - trade
Unbilled revenue
Other accounts & notes receivable 19,909 39,610 77
Materials and supplies at average cost -
Fossil fuel
Other
Other 1,466 47
----------- ----------- -------------- --------------
Total current assets 21,475 39,610 - 124
Regulatory Assets:
Deferred income taxes
Other
Total regulatory assets
----------- ----------- -------------- --------------
TOTAL ASSETS $103,426 $ 71,148 $ 34,924 $ 30,742
=========== =========== ============== ==============
</TABLE>
<PAGE>
Exhibit D-2
CIPSCO Investment Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
Eliminations CIC
CVC (Exhibit D-5) Consolidated
----------- -------------------------------
<S> <C> <C> <C>
Property & Plant, at original cost:
Electric
Gas
Other
Less: Accumulated depreciation and amortization
Construction work in process:
Nuclear fuel in process
Other
Total property & plant, net
Investments and Other Assets:
Investments $ 110 $ (81,591) $ 97,188
Nuclear decommissioning trust fund
Other 759 1,121
----------- ----------- --------------
Total investments & other assets 869 (81,591) 98,309
Current Assets:
Cash & cash equivalents 100
Accounts receivable - trade
Unbilled revenue
Other accounts & notes receivable (59,596) -
Materials and supplies at average cost -
Fossil fuel
Other
Other 1 1,514
----------- ----------- --------------
Total current assets 1 (59,596) 1,614
Regulatory Assets:
Deferred income taxes
Other
Total regulatory assets
----------- ----------- --------------
TOTAL ASSETS $ 870 $ (141,187) $ 99,923
=========== =========== ==============
</TABLE>
<PAGE>
Exhibit D-2
CIPSCO Investment Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
CLC CEC
Consolidated Consolidated
CIC CSC (Exhibit D-3) (Exhibit D-4)
----------- ----------- ----------------------------------
<S> <C> <C> <C> <C>
Capitalization:
Common stock $ 56,328 $ 52,393 $ 1 $ 1
Other paid-in capital 75
Retained earnings 2,171 17,497 5,327 6,187
----------- ----------- -------------- --------------
Total common stockholders' equity 58,499 69,890 5,328 6,263
Preferred stock not subject to mandatory redemption
Preferred stock subject to mandatory redemption
Long-term debt
----------- ----------- -------------- --------------
Total capitalization 58,499 69,890 5,328 6,263
Minority Interest in Consolidated Subsidiary
Current Liabilities:
Current maturity of long-term debt
Short-term debt
Accounts and wages payable 44,855 (5,054) 19,264
Accumulated deferred income taxes
Taxes accrued 21 506 38 7
Other
----------- ----------- -------------- --------------
Total current liabilities 44,876 506 (5,016) 19,271
Accumulated Deferred Income Taxes 51 752 34,612 5,208
Accumulated Deferred Investment Tax Credits
Regulatory Liability
Other Deferred Credits and Liabilities
----------- ----------- -------------- --------------
TOTAL CAPITAL AND LIABILITIES $103,426 $ 71,148 $ 34,924 $ 30,742
=========== =========== ============== ==============
</TABLE>
<PAGE>
Exhibit D-2
CIPSCO Investment Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
Eliminations CIC
CVC (Exhibit D-5) Consolidated
----------- -------------------------------
<S> <C> <C> <C>
Capitalization:
Common stock $ 1 $ (52,396) $ 56,328
Other paid-in capital (75) -
Retained earnings 109 (29,120) 2,171
----------- ----------- --------------
Total common stockholders' equity 110 (81,591) 58,499
Preferred stock not subject to mandatory redemption
Preferred stock subject to mandatory redemption
Long-term debt
----------- ----------- --------------
Total capitalization 110 (81,591) 58,499
Minority Interest in Consolidated Subsidiary
Current Liabilities:
Current maturity of long-term debt
Short-term debt
Accounts and wages payable 760 (59,596) 229
Accumulated deferred income taxes
Taxes accrued 572
Other
----------- ----------- --------------
Total current liabilities 760 (59,596) 801
Accumulated Deferred Income Taxes 40,623
Accumulated Deferred Investment Tax Credits
Regulatory Liability
Other Deferred Credits and Liabilities
----------- ----------- --------------
TOTAL CAPITAL AND LIABILITIES $ 870 $ (141,187) $ 99,923
=========== =========== ==============
</TABLE>
<PAGE>
Exhibit D-2
CIPSCO Investment Company
Consolidating Income Statement
Year Ended December 31, 1997
<TABLE>
<CAPTION>
In thousands CLC CEC
Consolidated Consolidated
CIC CSC (Exhibit D-3) (Exhibit D-4)
---------- ---------- -------------------------------
<S> <C> <C> <C> <C>
Operating Revenues:
Electric
Gas
Other $ 1,586 $ 5,807 $ 576 $ 4,520
---------- ---------- ------------ -------------
Total operating revenues 1,586 5,807 576 4,520
Operating Expenses:
Operations
Fuel and purchased power
Gas costs
Other 494 300 11 182
---------- ---------- ------------ -------------
494 300 11 182
Maintenance 1
Depreciation and amortization 15 451
Income taxes
Other taxes 2 6 22 1
---------- ---------- ------------ -------------
Total operating expenses 512 306 33 634
---------- ---------- ------------ -------------
Operating Income 1,074 5,501 543 3,886
Other Income and Deductions:
Allowance for equity funds used during construction
Miscellaneous, net (178) (1,499) (215) (949)
---------- ---------- ------------ -------------
Total other income and deductions (178) (1,499) (215) (949)
---------- ---------- ------------ -------------
Income before Interest Charges & Preferred Dividends 896 4,002 328 2,937
Interest Charges & Preferred Dividends:
Interest 33 23 1,499
Allowance for borrowed funds used during construction
Preferred Dividends of Subsidiaries
---------- ---------- ------------ -------------
33 - 23 1,499
---------- ---------- ------------ -------------
Income Before Extraordinary Items 863 4,002 305 1,438
Extraordinary Items, Net of Tax
---------- ---------- ------------ -------------
Net Income $ 863 $ 4,002 $ 305 $ 1,438
========== ========== ============ =============
</TABLE>
<PAGE>
Exhibit D-2
CIPSCO Investment Company
Consolidating Income Statement
Year Ended December 31, 1997
<TABLE>
<CAPTION>
In thousands
Eliminations CIC
CVC (Exhibit D-5) Consolidated
---------- -----------------------------------------
<S> <C> <C> <C>
Operating Revenues:
Electric
Gas
Other $ 127 $ (1,576) $ 11,040
---------- ---------- ------------
Total operating revenues 127 (1,576) 11,040
Operating Expenses:
Operations
Fuel and purchased power
Gas costs
Other 987
---------- ---------- ------------
- - 987
Maintenance 1
Depreciation and amortization 466
Income taxes
Other taxes 31
---------- ---------- ------------
Total operating expenses - - 1,485
---------- ---------- ------------
Operating Income 127 (1,576) 9,555
Other Income and Deductions:
Allowance for equity funds used during construction
Miscellaneous, net (28) (2,869)
---------- ---------- ------------
Total other income and deductions (28) - (2,869)
---------- ---------- ------------
Income before Interest Charges & Preferred Dividends 99 (1,576) 6,686
Interest Charges & Preferred Dividends:
Interest 54 (1,576) 33
Allowance for borrowed funds used during construction
Preferred Dividends of Subsidiaries
---------- ---------- ------------
54 (1,576) 33
---------- ---------- ------------
Income Before Extraordinary Items 45 - 6,653
Extraordinary Items, Net of Tax
---------- ---------- ------------
Net Income $ 45 $ - $ 6,653
========== ========== ============
</TABLE>
Exhibit D-3
CIPSCO Leasing Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
CLC CLC-ALC CLCLCA CLCLCB
---------- ---------------------------------------
<S> <C> <C> <C> <C>
Property & Plant, at original cost:
Electric
Gas
Other
Less: Accumulated depreciation and amortization
Construction work in process:
Nuclear fuel in process
Other
Total property & plant, net
Investments and Other Assets:
Investments $ 14,721 $ 11,050 $ 6,924 $ 5,528
Nuclear decommissioning trust fund
Other
---------- ---------- ---------- ----------
Total investments & other assets 14,721 11,050 6,924 5,528
Current Assets:
Cash & cash equivalents
Accounts receivable - trade
Unbilled revenue
Other accounts & notes receivable 1 1
Materials and supplies at average cost -
Fossil fuel
Other
Other
---------- ---------- ---------- ----------
Total current assets - - 1 1
Regulatory Assets:
Deferred income taxes
Other
Total regulatory assets
---------- ---------- ---------- ----------
TOTAL ASSETS $ 14,721 $ 11,050 $ 6,925 $ 5,529
========== ========== ========== ==========
</TABLE>
<PAGE>
Exhibit D-3
CIPSCO Leasing Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
Eliminations CLC
CLCLCC (Exhibit D-5) Consolidated
-------------------------------------------------
<S> <C> <C> <C>
Property & Plant, at original cost:
Electric
Gas
Other
Less: Accumulated depreciation and amortization
Construction work in process:
Nuclear fuel in process
Other
Total property & plant, net
Investments and Other Assets:
Investments $ (3,299) $ 34,924
Nuclear decommissioning trust fund
Other
---------- ---------- ----------
Total investments & other assets - (3,299) 34,924
Current Assets:
Cash & cash equivalents
Accounts receivable - trade
Unbilled revenue
Other accounts & notes receivable 1 (3) -
Materials and supplies at average cost -
Fossil fuel
Other
Other
---------- ---------- ----------
Total current assets 1 (3) -
Regulatory Assets:
Deferred income taxes
Other
Total regulatory assets
---------- ---------- ----------
TOTAL ASSETS $ 1 $ (3,302) $ 34,924
========== ========== ==========
</TABLE>
<PAGE>
Exhibit D-3
CIPSCO Leasing Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
CLC CLC-ALC CLCLCA CLCLCB
---------- ---------------------------------------
<S> <C> <C> <C> <C>
Capitalization:
Common stock $ 1 $ 1 $ 1 $ 1
Other paid-in capital
Retained earnings 5,327 1,653 650 992
---------- ---------- ---------- ----------
Total common stockholders' equity 5,328 1,654 651 993
Preferred stock not subject to mandatory redemption
Preferred stock subject to mandatory redemption
Long-term debt
---------- ---------- ---------- ----------
Total capitalization 5,328 1,654 651 993
Minority Interest in Consolidated Subsidiary
Current Liabilities:
Current maturity of long-term debt
Short-term debt
Accounts and wages payable (1,098) (2,498) (1,310) (145)
Accumulated deferred income taxes
Taxes accrued 18 46 (17) (9)
Other
---------- ---------- ---------- ----------
Total current liabilities (1,080) (2,452) (1,327) (154)
Accumulated Deferred Income Taxes 10,473 11,848 7,601 4,690
Accumulated Deferred Investment Tax Credits
Regulatory Liability
Other Deferred Credits and Liabilities
---------- ---------- ---------- ----------
TOTAL CAPITAL AND LIABILITIES $ 14,721 $ 11,050 $ 6,925 $ 5,529
========== ========== ========== ==========
</TABLE>
<PAGE>
Exhibit D-3
CIPSCO Leasing Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
Eliminations CLC
CLCLCC (Exhibit D-5) Consolidated
-------------------------------------------------
<S> <C> <C> <C>
Capitalization:
Common stock $ 1 $ (4) $ 1
Other paid-in capital
Retained earnings (3,295) 5,327
---------- ---------- ----------
Total common stockholders' equity 1 (3,299) 5,328
Preferred stock not subject to mandatory redemption
Preferred stock subject to mandatory redemption
Long-term debt
---------- ---------- ----------
Total capitalization 1 (3,299) 5,328
Minority Interest in Consolidated Subsidiary
Current Liabilities:
Current maturity of long-term debt
Short-term debt
Accounts and wages payable (3) (5,054)
Accumulated deferred income taxes
Taxes accrued 38
Other
---------- ---------- ----------
Total current liabilities - (3) (5,016)
Accumulated Deferred Income Taxes 34,612
Accumulated Deferred Investment Tax Credits
Regulatory Liability
Other Deferred Credits and Liabilities
---------- ---------- ----------
TOTAL CAPITAL AND LIABILITIES $ 1 $ (3,302) $ 34,924
========== ========== ==========
</TABLE>
<PAGE>
Exhibit D-3
CIPSCO Leasing Company
Consolidating Income Statement
Year Ended December 31, 1997
<TABLE>
<CAPTION>
In thousands
CLC CLC-ALC CLCLCA CLCLCB
---------- --------------------------------------
<S> <C> <C> <C> <C>
Operating Revenues:
Electric
Gas
Other $ 358 $ 6 $ 212
---------- ---------- ---------- ----------
Total operating revenues 358 6 - 212
Operating Expenses:
Operations
Fuel and purchased power
Gas costs
Other 11
---------- ---------- ---------- ----------
- - - 11
Maintenance
Depreciation and amortization
Income taxes
Other taxes 5 2 1 14
---------- ---------- ---------- ----------
Total operating expenses 5 2 1 25
---------- ---------- ---------- ----------
Operating Income 353 4 (1) 187
Other Income and Deductions:
Allowance for equity funds used during construction
Miscellaneous, net (145) (3) (67)
---------- ---------- ---------- ----------
Total other income and deductions (145) (3) - (67)
---------- ---------- ---------- ----------
Income before Interest Charges & Preferred Dividends 208 1 (1) 120
Interest Charges & Preferred Dividends:
Interest 23
Allowance for borrowed funds used during construction
Preferred Dividends of Subsidiaries
---------- ---------- ---------- ----------
- - - 23
---------- ---------- ---------- ----------
Income Before Extraordinary Items 208 1 (1) 97
Extraordinary Items, Net of Tax
---------- ---------- ---------- ----------
Net Income $ 208 $ 1 $ (1) $ 97
========== ========== ========== ==========
</TABLE>
<PAGE>
Exhibit D-3
CIPSCO Leasing Company
Consolidating Income Statement
Year Ended December 31, 1997
<TABLE>
<CAPTION>
In thousands
Eliminations CLC
CLCLCC (Exhibit D-5) Consolidated
-------------------------------------------------
<S> <C> <C> <C>
Operating Revenues:
Electric
Gas
Other $ 576
---------- ---------- ----------
Total operating revenues - - 576
Operating Expenses:
Operations
Fuel and purchased power
Gas costs
Other 11
---------- ---------- ----------
- - 11
Maintenance
Depreciation and amortization
Income taxes
Other taxes 22
---------- ---------- ----------
Total operating expenses - - 33
---------- ---------- ----------
Operating Income - - 543
Other Income and Deductions:
Allowance for equity funds used during construction
Miscellaneous, net (215)
---------- ---------- ----------
Total other income and deductions - - (215)
---------- ---------- ----------
Income before Interest Charges & Preferred Dividends - - 328
Interest Charges & Preferred Dividends:
Interest 23
Allowance for borrowed funds used during construction
Preferred Dividends of Subsidiaries
---------- ---------- ----------
- - 23
---------- ---------- ----------
Income Before Extraordinary Items - - 305
Extraordinary Items, Net of Tax
---------- ---------- ----------
Net Income $ - $ - $ 305
========== ========== ==========
</TABLE>
Exhibit D-4
CIPSCO Energy Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
CEC CEC-PGE-G CEC-PGE-L CEC-APL-G CEC-APL-L CEC-PSPL-G CEC-PSPL-L
-------- ---------- ---------- --------- --------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Property & Plant, at original cost:
Electric
Gas
Other
Less: Accumulated depreciation
and amortization
Construction work in process:
Nuclear fuel in process
Other
Total property & plant, net
Investments and Other Assets:
Investments $ 6,277 $ 104 $ 5,202 $ 175 $ 8,727 $ 49 $ 2,477
Nuclear decommissioning trust fund
Other
-------- --------- -------- --------- --------- ---------- ----------
Total investments &
other assets 6,277 104 5,202 175 8,727 49 2,477
Current Assets:
Cash & cash equivalents
Accounts receivable - trade
Unbilled revenue
Other accounts & notes receivable 77 26 1 26 1 26 1
Materials and supplies at average cost -
Fossil fuel
Other
Other 8 1 15 5
-------- --------- -------- --------- --------- ---------- ----------
Total current assets 77 26 9 27 16 26 6
Regulatory Assets:
Deferred income taxes
Other
Total regulatory assets
-------- --------- -------- --------- --------- ---------- ----------
TOTAL ASSETS $ 6,354 $ 130 $ 5,211 $ 202 $ 8,743 $ 75 $ 2,483
======== ========= ======== ========= ========= ========== ==========
</TABLE>
<PAGE>
Exhibit D-4
CIPSCO Energy Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
Eliminations CEC
CEC-MPS-G CEC-MPS-L CEC-ACE-G CEC-ACE-L CEC-ACLP (Exhibit D-5) Consolidated
--------- --------- --------- --------- -------- ------------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Property & Plant, at original cost:
Electric
Gas
Other
Less: Accumulated depreciation
and amortization
Construction work in process:
Nuclear fuel in process
Other
Total property & plant, net
Investments and Other Assets:
Investments $ 25 $ 2,502 $ 59 $ 5,879 $ 5,419 $ (6,277) $ 30,618
Nuclear decommissioning trust fund
Other
-------- --------- -------- --------- --------- ---------- ----------
Total investments &
other assets 25 2,502 59 5,879 5,419 (6,277) 30,618
Current Assets:
Cash & cash equivalents
Accounts receivable - trade
Unbilled revenue
Other accounts & notes receivable 1 1 1 1 1 (86) 77
Materials and supplies at average cost -
Fossil fuel
Other
Other 9 9 47
-------- --------- -------- --------- --------- ---------- ----------
Total current assets 1 10 1 10 1 (86) 124
Regulatory Assets:
Deferred income taxes
Other
Total regulatory assets
-------- --------- -------- --------- --------- ---------- ----------
TOTAL ASSETS $ 26 $ 2,512 $ 60 $ 5,889 $ 5,420 $ (6,363) $ 30,742
======== ========= ======== ========= ========= ========== ==========
</TABLE>
<PAGE>
Exhibit D-4
CIPSCO Energy Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
CEC CEC-PGE-G CEC-PGE-L CEC-APL-G CEC-APL-L CEC-PSPL-G CEC-PSPL-L
-------- ---------- --------- --------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization:
Common stock $ 1 $ 1 $ 1 $ 1 $ 1 $ 1 $ 1
Other paid-in capital 75 25 25 25
Retained earnings 6,187 89 1,692 108 2,597 75 833
-------- --------- -------- --------- --------- ---------- ----------
Total common
stockholders' equity 6,263 115 1,693 134 2,598 101 834
Preferred stock not subject
to mandatory redemption
Preferred stock subject to
mandatory redemption
Long-term debt
-------- --------- -------- --------- --------- ---------- ----------
Total capitalization 6,263 115 1,693 134 2,598 101 834
Minority Interest in Consolidated Subsidiary
Current Liabilities:
Current maturity of long-term debt
Short-term debt
Accounts and wages payable 91 2,566 29 4,090 (41) 1,079
Accumulated deferred income taxes
Taxes accrued (4) 5 (2) 7 3
Other
-------- --------- -------- --------- --------- --------- ----------
Total current liabilities 91 (4) 2,571 27 4,097 (38) 1,079
Accumulated Deferred Income Taxes 19 947 41 2,048 12 570
Accumulated Deferred Investment Tax Credits
Regulatory Liability
Other Deferred Credits and Liabilities
-------- --------- -------- --------- --------- ---------- ----------
TOTAL CAPITAL AND LIABILITIES $ 6,354 $ 130 $ 5,211 $ 202 $ 8,743 $ 75 $ 2,483
======== ========= ======== ========= ========= ========== ==========
</TABLE>
<PAGE>
Exhibit D-4
CIPSCO Energy Company
Consolidating Balance Sheet
December 31, 1997
<TABLE>
<CAPTION>
In thousands
Eliminations CEC
CEC-MPS-G CEC-MPS-L CEC-ACE-G CEC-ACE-L CEC-ACLP (Exhibit D-5) Consolidated
--------- --------- --------- --------- -------- ------------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization:
Common stock $ 1 $ 1 $ 1 $ 1 $ 1 $ (11) $ 1
Other paid-in capital (75) 75
Retained earnings 65 549 61 817 (695) (6,191) 6,187
-------- --------- -------- --------- --------- ---------- ----------
Total common
stockholders' equity 66 550 62 818 (694) (6,277) 6,263
Preferred stock not subject
to mandatory redemption
Preferred stock subject to
mandatory redemption
Long-term debt
-------- --------- -------- --------- --------- ---------- ----------
Total capitalization 66 550 62 818 (694) (6,277) 6,263
Minority Interest in Consolidated Subsidiary
Current Liabilities:
Current maturity of long-term debt
Short-term debt
Accounts and wages payable (46) 1,428 (10) 3,927 6,237 (86) 19,264
Accumulated deferred income taxes
Taxes accrued 1 (4) 4 (3) 7
Other
-------- --------- -------- --------- --------- ---------- ----------
Total current liabilities (45) 1,428 (14) 3,931 6,234 (86) 19,271
Accumulated Deferred Income Taxes 5 534 12 1,140 (120) 5,208
Accumulated Deferred Investment Tax Credits
Regulatory Liability
Other Deferred Credits and Liabilities
-------- --------- -------- --------- --------- ---------- ----------
TOTAL CAPITAL AND LIABILITIES $ 26 $ 2,512 $ 60 $ 5,889 $ 5,420 $ (6,363) $ 30,742
======== ========= ======== ========= ========= ========== ==========
</TABLE>
<PAGE>
Exhibit D-4
CIPSCO Energy Company
Consolidating Income Statement
Year Ended December 31, 1997
<TABLE>
<CAPTION>
In thousands
CEC CEC CEC CEC CEC CEC
CEC PGE-G PGE-L APL-G APL-L PSPL-G PSPL-L
----- ------ ----- ----- ----- ------ ------
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenues:
Electric
Gas
Other $ 41 $ 828 $ 53 $1,409 $ 33 $ 405
----- ------ ----- ------ ------ ------- ------
Total operating revenues - 41 828 53 1,409 33 405
Operating Expenses:
Operations
Fuel and purchased power
Gas costs
Other 29 38 22
----- ------ ----- ------ ------ ------- ------
- - 29 - 38 - 22
Maintenance
Depreciation and amortization 1 21 1 32 10
Income taxes
Other taxes
----- ------ ----- ------ ------ ------- ------
Total operating expenses - 1 50 1 70 - 32
----- ------ ----- ------ ------ ------- ------
Operating Income - 40 778 52 1,339 33 373
Other Income and Deductions:
Allowance for equity funds
used during construction
Miscellaneous, net (16) (232) (20) (405) (13) (114)
----- ------ ----- ------ ------ ------- ------
Total other income
and deductions - (16) (232) (20) (405) (13) (114)
----- ------ ----- ------ ------ ------- ------
Income before Interest Charges &
Preferred Dividends - 24 546 32 934 20 259
Interest Charges & Preferred Dividends:
Interest 194 3 318 85
Allowance for borrowed funds
used during construction
Preferred Dividends of
Subsidiaries
------ ------ ----- ------ ------ ------- ------
- - 194 3 318 - 85
----- ------ ----- ------ ------ ------- ------
Income Before Extraordinary Items - 24 352 29 616 20 174
Extraordinary Items, Net of Tax
----- ------ ----- ------ ------ ------- ------
Net Income $ - $ 24 $ 352 $ 29 $ 616 $ 20 $ 174
===== ====== ===== ====== ====== ======= ======
</TABLE>
<PAGE>
Exhibit D-4
CIPSCO Energy Company
Consolidating Income Statement
Year Ended December 31, 1997
<TABLE>
<CAPTION>
In thousands
CEC CEC CEC CEC CEC EliminatioNS CEC
MPS-G MPS-L ACE-G ACE-L ACLP (Exhibit D-5) Consolidated
----- ----- ----- ----- ---- ------------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenues:
Electric
Gas
Other $ 30 $ 471 $ 33 $ 808 $ 409 $4,520
----- ------ ----- ------ ------ ------- ------
Total operating revenues 30 471 33 808 409 - 4,520
Operating Expenses:
Operations
Fuel and purchased power
Gas costs
Other 1 44 44 4 182
----- ------ ----- ------ ------ ------- -----
1 44 - 44 4 - 182
Maintenance
Depreciation and amortization 386 451
Income taxes
Other taxes 1 1
----- ------ ----- ------ ------ ------- ------
Total operating expenses 1 44 - 44 391 - 634
----- ------ ----- ------ ------ ------- ------
Operating Income 29 427 33 764 18 - 3,886
Other Income and Deductions:
Allowance for equity funds
used during construction
Miscellaneous, net (12) (125) (14) (183) 185 (949)
----- ------ ----- ------ ------ ------- ------
Total other income
and deductions (12) (125) (14) (183) 185 - (949)
----- ------ ----- ------ ------ ------- ------
Income before Interest Charges &
Preferred Dividends 17 302 19 581 203 - 2,937
Interest Charges & Preferred Dividends:
Interest 112 302 485 1,499
Allowance for borrowed funds
used during construction
Preferred Dividends of
Subsidiaries
------------------------------------------ ------ ----- ------ ------ ------- ------
- 112 - 302 485 - 1,499
----- ------ ----- ------ ------ ------- ------
Income Before Extraordinary Items 17 190 19 279 (282) - 1,438
Extraordinary Items, Net of Tax
----- ------ ----- ------ ------ ------- ------
Net Income $ 17 $ 190 $ 19 $ 279 $ (282) $ - $1,438
===== ====== ===== ====== ====== ======= ======
</TABLE>
Exhibit D-5
ELIMINATION ENTRIES
In Thousands
<TABLE>
<CAPTION>
AMC:
<S> <C> <C>
Common Stock 694,429
Paid in Capital 716,879
Retained Earnings 1,616,238
Investment in Subsidiaries 3,018,711
Other Assets 5,301
Minority Interest in Subsidiary 3,534
(To eliminate investments in subsidiaries
and record minority interest)
Accounts Payable 1,470
Accounts Receivable 1,470
(To eliminate intercompany receivables
and payables)
Miscellaneous Net 12,430
Retained Earnings 12,430
(To eliminate current year earnings of
Electric Energy, Inc.)
Revenues 55,877
Fuel and Purchased Power 55,858
Other Operating Expenses 19
(To eliminate intercompany interchange
activity)
CIC:
Common Stock 52,396
Paid in Capital 75
Retained Earnings 29,120
Investment in Subsidiaries 81,591
(To eliminate investments in subsidiaries)
Accounts Payable 59,596
Accounts Receivable 59,596
(To eliminate intercompany receivables and
payables)
CLC:
Common Stock 4
Retained Earnings 3,295
Investment in Subsidiaries 3,299
(To eliminate investments in subsidiaries)
Accounts Payable 3
Accounts Receivable 3
(To eliminate intercompany receivables
and payables)
CEC:
Common Stock 11
Paid in Capital 75
Retained Earnings 6,191
Investment in Subsidiaries 6,277
(To eliminate investments in subsidiaries)
Accounts Payable 86
Accounts Receivable 86
(To eliminate intercompany receivables and
payables)
</TABLE>
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