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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]
The company is based in St. Louis, with 2.4 million electric, and 900,000 natural gas customers across 64,000 square miles in central and eastern Missouri and the southern four-fifths of Illinois by area. [4] Ameren is the holding company for the following: [5] Ameren Missouri; Ameren Illinois; Ameren Transmission Company; Ameren Services
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 Illinois Commerce Commission approved revised grid plans from Commonwealth Edison and Ameren, but considerably slashed the companies rate hike requests. ...
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November 4, 2015: The acquisition of PAY.ON who provide white-label hosted payment gateway services was completed. [ 28 ] February 28, 2019: ACI enters agreement to acquire Speedpay, [ 29 ] Western Union's U.S. bill pay business, for $750 million [ 30 ]
The article Dynegy to Acquire Ameren Energy Resources, Expanding Illinois Portfolio originally appeared on Fool.com. Try any of our Foolish newsletter services free for 30 days .
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