Ameren Corp. released its net income and other financial results for the first quarter of the year on Friday.
The company announced that net income from operations amounted to $108 million, compared with the $97 million in net income from the same period in 2014.
“Our first quarter results reflect the benefits of our strategic allocation of capital to jurisdictions with modern, constructive regulatory frameworks,” Warner L. Baxter, chairman, president and CEO of Ameren Corp., said. “We remain focused on executing all elements of our strategy, including exercising disciplined cost management and aligning spending with regulatory outcomes, and expect this focus to deliver superior value to both our customers and our shareholders.”
According to Ameren, their success early in the year can be partially attributed to infrastructure developments made by Ameren Transmission Company of Illinois, alongside lower interest charges to the parent corporation. These positives did have offsets in the form of lower gas and electricity volume sales, however, due to a milder winter season and lower allowed returns on equity than was originally predicted.
The corporation’s segment in Missouri yielded $41 million, which was a decrease of $6 million dollars compared with the previous year, largely due to the milder winters’ leading to lower volumes of purchases. The Illinois segment netted $53 million, which the company states remains consistent with the previous year’s earnings.
