Ameren GAAP net income $815 millionStaff Writer | February 15, 2019
Ameren Corporation announced 2018 net income attributable to common shareholders in accordance with Generally Accepted Accounting Principles (GAAP) of $815 million, or $3.32 per diluted share, compared to 2017 GAAP net income attributable to common shareholders of $523 million, or $2.14 per diluted share.
Ameren Ameren recorded 2018 core earnings of $828 million
The year-over-year increase in 2018 core earnings reflected higher Ameren Missouri electric retail sales primarily due to warmer summer and colder winter temperatures, as well as earnings on increased infrastructure investments made at Ameren Transmission, Ameren Illinois Electric Distribution, and Ameren Illinois Natural Gas.
The comparison also benefited from the absence, in 2018, of a nuclear refueling and maintenance outage at Ameren Missouri's Callaway Energy Center and higher Ameren Missouri electric service rates, effective April 1, 2017.
These favorable factors were partially offset by increased Ameren Missouri other operations and maintenance expenses, primarily reflecting higher-than-normal scheduled non-nuclear energy center outages, increased routine maintenance, and more distribution reliability projects.
The comparison also reflected higher charitable donations in 2018. ■