Ameren Corp Q4 2021 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Paul Patterson - Glenrock Associates LLC - Analyst : Congratulations. So just on the Missouri legislation that you have there. Just wondering sort of what the practical impact from a shareholder perspective might be if you guys have that? And also, what's the reason from going from a 2.85% cap to a 2.5% cap? Is that just part of the give and take of legislation? Or is there something that's specifically happening that's causing people to want that?

Question: Paul Patterson - Glenrock Associates LLC - Analyst : So when do we need to -- I mean, you've got it there now, but when is the sunset again on the current one?

Question: Paul Patterson - Glenrock Associates LLC - Analyst : So it's not a real sunset? I mean -- so I mean, I guess you would be at the discretion of the commission as opposed to having it sort of legislatively in place. Is that the way to think of it?

Question: Paul Patterson - Glenrock Associates LLC - Analyst : And then on the coal ash, any thought about what the -- and I apologize if I missed this, what the total number in terms of the EPA impact might be? And also, is that -- how would that be treated regulatory speaking? Is that something that could be securitized? Or just how should we think about any potential coal ash cleanup expense?

Question: Paul Patterson - Glenrock Associates LLC - Analyst : Okay. So in other words, the impoundment improvements really aren't going to be all that costly. Is that right?

Question: Paul Patterson - Glenrock Associates LLC - Analyst : Well, that's very good news. Okay. Awesome. Congratulations again.