From AP - News Headlines -

Ameren Corporation Merges Subsidiaries

The Ameren Corporation is trying to cut costs and improve service by merging three of its electric and natural gas subsidiaries. The St. Louis-based utility says it will consolidate AmerenIP, AmerenCIPS, and AmerenCILCO into a single public entity known as Ameren Illinois.

"This merger is the logical next step in the evolution of our business in Illinois," said Thomas R. Voss, chairman, president and chief executive officer of Ameren Corporation. "For the last several years, we have been moving towards operating our Illinois utilities as one company to reduce the cost of operations and gain efficiencies for our customers.

The parent company will be headquartered in Peoria, and spokesman Leigh Morris said the reorganization will not affect electricity and natural gas rates. Morris added that he expects the merger will lead to greater customer service for approximately 1.2 million customers in the state.

"It's those kind of stream lining things that will go forward, and it's going to allow us to become more efficient," he said. "It's going to allow us to reinforce our commitment to providing safe, reliable energy delivery service."

Ameren Illinois serves all or part of 85 of Illinois' 102 counties and ranks as the second-biggest Illinois electricity delivery operation in terms of total customers. The subsidiary has 813,000 natural gas customers.

While each one of the electric and gas utilities that now make up Ameren Illinois charged different rates, Morris said flat fee will eventually be available to all Ameren customers. However, for now, customers will continue to pay the same rates they were paying before the merger. Customers who want to report an outage or obtain account information can call a toll-free number at 1-800-755-5000.

Categories: Energy, Environment