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AMEREN CORP

For the period ended Dec 31, 2025. Filed Feb 18, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 18, 2026

AEE$114.02+1.0%Stored close · as of Nov 9, 2026

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Contents

Transmission

Ameren owns an integrated transmission system that is composed of the transmission assets of Ameren Missouri, Ameren Illinois, and ATXI. Ameren also operates two MISO balancing authority areas: AMMO and AMIL. The AMMO balancing authority area includes the load and most energy centers of Ameren Missouri, and had a peak demand of 7,487 MWs in 2025. The AMIL balancing authority area includes the load of Ameren Illinois and certain Ameren Missouri energy centers located in Illinois, and had a peak demand of 8,027 MWs in 2025. The Ameren transmission system directly connects with 15 other balancing authority areas for the exchange of electric energy.

Ameren Missouri, Ameren Illinois, and ATXI are transmission-owning members of the MISO. Ameren Missouri is authorized by the MoPSC to participate in the MISO for an indefinite term, subject to the MoPSC’s authority to require future proceedings if an event or circumstance occurs that significantly affects Ameren Missouri’s position in the MISO. Ameren Illinois’ election to participate in the MISO is subject to the ICC’s oversight. The CRGA requires the ICC and IPA to conduct a study to examine the costs and benefits of establishing a single, state-specific RTO, consolidating Illinois utilities’ RTO membership into one existing RTO, or maintaining the existing RTO membership structure. Additional studies may be required or requested by the Illinois legislature. The ICC and IPA must publish the study by December 2026.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.