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Ameren Corporation is an American power company created December 31, 1997, by the merger of Union Electric Company (formerly NYSE: UEP) of St. Louis, Missouri and the neighboring Central Illinois Public Service Company (CIPSCO Inc. holding, formerly NYSE: CIP) of Springfield, Illinois. [3]
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ComEd provides electric service to more than 3.8 million customers across Northern Illinois. The company's revenues totaled more than $7 billion in 2023. [1] As of 2015, ComEd has interconnections with We Energies, ITC Midwest, Ameren, American Electric Power, Northern Indiana Public Service, and MidAmerican Energy (MEC). [2]
The former Union Electric Company is now a subsidiary of the Ameren Corporation holding company, initially d/b/a AmerenUE, later becoming Ameren Missouri in 2010. [1] Ameren is now also a holding company for several other power companies and energy companies as well. Ameren Missouri continues to own Bagnell Dam.
The Central Illinois Public Service Company was an electric streetcar holding company and power utility first organized in 1902. Under its later quarter billion dollar holding company, CIPSCO Inc. (formerly NYSE: CIP), it merged in 1997 with the larger neighboring Union Electric Company of Missouri (formerly NYSE: UEP) to form Ameren Corporation (NYSE: AEE) based in St. Louis, Missouri. [1]
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