Ameren Hit By Regulatory Rate Pressures, Fuel Costs
Posted on November 09, 2012 at 13:17 PM EST
Mild weather, regulatory pressure on rates and higher fuel costs hit Midwest utility company Ameren (AEE) in the third quarter. Ameren also has crews in the Northeast, helping storm-battered New Jersey and New York restore power, though that won't show up until results from the current Q4 come out. Adjusted Q3 earnings fell 15% to $1.33 per share, well shy of analyst forecasts for $1.41. Operating revenue declined 12% to $2 billion, missing