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Previous: TRANSAMERICA VARIABLE INSURANCE FUND INC, N-30D, 1998-08-31 |
Next: IMPATH INC, S-3, 1998-08-31 |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
- ----------------------------------------------
In the Matter of
CERTIFICATE
AMEREN CORPORATION
OF
File No. 70-9133
NOTIFICATION
(Public Utility Holding Company
Act of 1935)
- ----------------------------------------------
This Certificate of Notification is filed by Ameren Corporation, a Missouri
corporation, pursuant to Rule 24. Such filing is made pursuant to Ameren's Form
U-1 Application-Declaration, as amended (the "Application-Declaration"), and the
order of the Securities and Exchange Commission (the "Commission") dated March
13, 1998.
1) Ameren common stock - New Issue None.
2) Ameren common stock - dividend reinvestment plan and employee benefit plans
Ameren purchased 507,593 shares under its dividend reinvestment plan and
94,541 shares under its employee benefit plans.
3) Guaranteed issued No financial guarantees. The following performance
guarantees were issued during the second quarter of 1998.
Name of Parent Name of Subsidiary Amount Terms Purpose
Ameren Corp. Ameren ERC, Inc. $3,900,000 20 years Performance
4) Short-term debt issued by Ameren during the second quarter of 1998. Chase
Manhattan Bank:
A $10 million, 30 day loan at 5.8563%, commencing April 9 and
maturing May 10. A $20 million, 30 day loan at 5.8875%, commencing
June 30 to mature July 30.
Commerce Bank:
Overnight loans of $10 million on April 27 and April 28, both at
5.84%.
Northern Trust Company:
A series of overnight loans in April, ranging from $1 million to $10
million, at interest rates varying from 5.74% to 6.05%.
Maximum indebtedness at any one time: $21 million on April 27 and 28.
<PAGE>
5) Financings consummated by any Utility Subsidiary not exempt under Rule 52
Union Electric Company:
Commercial paper issued through First Chicago Capital Markets and/or
Lehman Brothers, ranging from a low of $45 million on April 1, 1998 to
a maximum of $191.9 million on June 15. The average amount outstanding
for the quarter was $132,412,088, with an average rate of 5.565805%.
Loans from Ameren Corporation (parent) during June, 1998, ranging from
zero on June 1 to $5,382,000 on June 2. The amounts varied throughout
the month, with interest rates ranging from 5.48% to 5.55%.
Central Illinois Public Service Company:
Commercial paper issued through First Chicago Capital Markets and/or
Goldman Sachs, ranging from a low of $31.4 million on April 23, 1998
to a maximum of $55.1 million on June 30. The average amount
outstanding for the quarter was $41,268,132, with an average rate of
5.564508%. Loans from Ameren Corporation (parent) during June, 1998,
ranging from zero on June 1 to $1,518,000 on June 2. The amounts
varied throughout the month, with interest rates ranging from 5.48% to
5.55%.
6) Financings consummated by any Nonutility Subsidiary, not exempt under Rule
52 There were no external financings. All financings were from Ameren
Corporation(parent) at interest rates which consisted of a weighted average
of its cost of external financings and, when funds used from its internal
treasury, a benchmark commercial paper index.
Ameren Services: Minimum of $8,055,000 on April 7. Maximum of $28,610,000
on June 26.
Ameren ERC: Minimum of zero. Maximum of $1,520,000 on June 3.
Union Electric Development Corporation: Minimum of $300,000 on April 1.
Maximum of $1,520,000 on June 3.
Ameren Energy Corporation: Minimum of $400,000 on April 1. Maximum of $4.4
million on June 30.
7) Forms U-6B-2 filed with the Commission.
A certificate for the first quarter, 1998 was filed by Ameren Corporation,
Ameren Services and Ameren Energy on May 7, 1998.
8) Balance Sheets
The consolidated and stand alone balance sheets of Ameren Corporation
Central Illinois Public Service Company and Union Electric Company are
attached as Exhibit A.
9) Registration Statements
None
SIGNATURE
The undersigned registered holding company has duly caused this quarterly
report to be signed on its behalf by the undersigned officer thereunto duly
authorized pursuant to the requirements of the Public Utility Holding Company
Act of 1935.
Ameren Corporation
BY /s/ Steven R. Sullivan
-------------------------
Steven R. Sullivan
Vice President, General Counsel
and Secretary
August 31, 1998
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
Page 1 of 3
AMEREN CORPORATION
------------------
CONSOLIDATED BALANCE SHEET
--------------------------
UNAUDITED
---------
(Thousands of Dollars, Except Shares)
June 30, December 31,
ASSETS 1998 1997
- ------ ----------- -----------
<S> <C> <C>
Property and plant, at original cost:
Electric $11,634,439 $11,522,730
Gas 457,629 447,458
Other 81,594 36,023
----------- -----------
12,173,662 12,006,211
Less accumulated depreciation and amortization 5,440,491 5,285,434
----------- -----------
6,733,171 6,720,777
Construction work in progress:
Nuclear fuel in process 97,088 134,804
Other 119,533 131,504
----------- -----------
Total property and plant, net 6,949,792 6,987,085
----------- -----------
Investments and other assets:
Investments 85,368 97,188
Nuclear decommissioning trust fund 148,699 122,438
Other 67,927 64,915
----------- -----------
Total investments and other assets 301,994 284,541
----------- -----------
Current assets:
Cash and cash equivalents 47,084 9,696
Accounts receivable - trade (less allowance for doubtful
accounts of $6,437 and $4,845, respectively) 299,262 266,306
Unbilled revenue 139,942 102,864
Other accounts and notes receivable 49,962 49,765
Materials and supplies, at average cost -
Fossil fuel 97,939 93,431
Other 135,869 134,152
Other 28,832 55,002
----------- -----------
Total current assets 798,890 711,216
----------- -----------
Regulatory assets:
Deferred income taxes 636,850 639,792
Other 192,857 204,913
----------- -----------
Total regulatory assets 829,707 844,705
----------- -----------
Total Assets $ 8,880,383 $ 8,827,547
=========== ===========
CAPITAL AND LIABILITIES
Capitalization:
Common stock, $.01 par value, authorized 400,000,000 shares -
outstanding 137,215,462 shares $ 1,372 $ 1,372
Other paid-in capital, principally premium on
common stock 1,582,746 1,582,938
Retained earnings 1,383,739 1,434,658
----------- -----------
Total common stockholders' equity 2,967,857 3,018,968
Preferred stock not subject to mandatory redemption 235,197 235,197
Long-term debt 2,581,499 2,506,068
----------- -----------
Total capitalization 5,784,553 5,760,233
----------- -----------
Minority interest in consolidated subsidiary 3,534 3,534
Current liabilities:
Current maturity of long-term debt 82,185 52,241
Short-term debt 77,503 86,266
Accounts and wages payable 163,252 293,391
Accumulated deferred income taxes 64,240 56,094
Taxes accrued 176,218 110,566
Other 220,502 168,727
----------- -----------
Total current liabilities 783,900 767,285
----------- -----------
Accumulated deferred income taxes 1,529,333 1,536,696
Accumulated deferred investment tax credits 184,354 190,260
Regulatory liability 208,514 224,225
Other deferred credits and liabilities 386,195 345,314
----------- -----------
Total Capital and Liabilities $ 8,880,383 $ 8,827,547
=========== ===========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
Page 2 of 3
UNION ELECTRIC COMPANY
----------------------
BALANCE SHEET
-------------
UNAUDITED
---------
(Thousands of Dollars, Except Shares)
June 30, December 31,
ASSETS 1998 1997
- ------ ---------- -----------
<S> <C> <C>
Property and plant, at original cost:
Electric $8,919,032 $8,832,039
Gas 202,808 197,959
Other 36,023 36,023
---------- ----------
9,157,863 9,066,021
Less accumulated depreciation and amortization 3,983,466 3,866,925
---------- ----------
5,174,397 5,199,096
Construction work in progress:
Nuclear fuel in process 97,088 134,804
Other 86,015 68,074
---------- ----------
Total property and plant, net 5,357,500 5,401,974
---------- ----------
Investments and other assets:
Nuclear decommissioning trust fund 148,699 122,438
Other 40,667 33,315
----------- ----------
Total investments and other assets 189,366 155,753
----------- ----------
Current assets:
Cash and cash equivalents 12,925 3,232
Accounts receivable - trade (less allowance for doubtful
accounts of $5,336 and $3,645, respectively) 229,433 179,708
Unbilled revenue 103,703 71,156
Other accounts and notes receivable 53,552 41,028
Materials and supplies, at average cost -
Fossil fuel 53,605 49,574
Other 95,779 97,375
Other 15,130 11,040
---------- ----------
Total current assets 564,127 453,113
---------- ----------
Regulatory assets:
Deferred income taxes 610,047 611,740
Other 170,589 179,705
---------- ----------
Total regulatory assets 780,636 791,445
---------- ----------
Total Assets $6,891,629 $6,802,285
========== ==========
CAPITAL AND LIABILITIES
- -----------------------
Capitalization:
Common stock, $5 par value, authorized 150,000,000 shares -
outstanding 102,123,834 shares $ 510,619 $ 510,619
Other paid-in capital, principally premium on
common stock 701,896 716,879
Retained earnings 1,128,939 1,159,956
---------- ----------
Total common stockholders' equity 2,341,454 2,387,454
Preferred stock not subject to mandatory redemption 155,197 155,197
Long-term debt 1,967,807 1,846,482
---------- ----------
Total capitalization 4,464,458 4,389,133
---------- ----------
Current liabilities:
Current maturity of long-term debt 12,740 28,797
Short-term debt -- 21,300
Accounts and wages payable 146,036 188,014
Accumulated deferred income taxes 43,517 35,809
Taxes accrued 151,758 94,167
Other 158,858 142,859
---------- ----------
Total current liabilities 512,909 510,946
---------- ----------
Accumulated deferred income taxes 1,259,467 1,264,800
Accumulated deferred investment tax credits 147,034 149,891
Regulatory liability 166,111 175,638
Other deferred credits and liabilities 341,650 311,87
---------- ----------
Total Capital and Liabilities $6,891,629 $6,802,285
========== ==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
Page 3 of 3
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
---------------------------------------
BALANCE SHEET
-------------
UNAUDITED
---------
(Thousands of Dollars, Except Shares)
June 30, December 31,
ASSETS 1998 1997
- ------ ---------- -----------
<S> <C> <C>
Property and plant, at original cost:
Electric $2,353,317 $2,311,364
Gas 254,913 249,499
---------- ----------
2,608,230 2,560,863
Less accumulated depreciation and amortization 1,162,536 1,132,591
---------- ----------
1,445,694 1,428,272
Construction work in progress 29,779 59,531
---------- ----------
Total property and plant, net 1,475,473 1,487,803
---------- ----------
Other assets 29,411 30,476
Current assets:
Cash and cash equivalents 11,391 6,040
Accounts receivable - trade (less allowance for doubtful
accounts of $1,102 and $1,200, respectively) 60,795 67,495
Unbilled revenue 36,239 31,708
Other accounts and notes receivable 14,315 7,760
Materials and supplies, at average cost -
Fossil fuel 27,555 24,919
Gas stored underground 9,080 14,275
Other 34,952 32,334
Other 8,581 32,637
----------- ----------
Total current assets 202,908 217,168
----------- ----------
Regulatory assets:
Deferred income taxes 26,424 28,052
Other 22,267 25,208
----------- ----------
Total regulatory assets 48,691 53,260
----------- ----------
Total Assets $1,756,483 $1,788,707
=========== ==========
CAPITAL AND LIABILITIES
Capitalization:
Common stock, no par value, authorized 45,000,000 shares -
outstanding 25,452,373 shares $ 120,033 $ 121,282
Retained earnings 446,554 451,477
----------- ----------
Total common stockholders' equity 566,587 572,759
Preferred stock not subject to mandatory redemption 80,000 80,000
Long-term debt 512,581 558,474
----------- ----------
Total capitalization 1,159,168 1,211,233
----------- ----------
Current liabilities:
Current maturity of long-term debt 55,000 9,000
Short-term debt 55,100 64,966
Accounts and wages payable 60,028 89,362
Accumulated deferred income taxes 20,738 20,285
Taxes accrued 23,951 15,869
Other 32,355 21,937
---------- ----------
Total current liabilities 247,172 221,419
---------- ----------
Accumulated deferred income taxes 236,129 237,629
Accumulated deferred investment tax credits 37,320 40,369
Regulatory liability 42,404 48,587
Other deferred credits and liabilities 34,290 29,470
---------- ----------
Total Capital and Liabilities $1,756,483 $1,788,707
========== ==========
</TABLE>
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