Transforming For Our Future slide image

Transforming For Our Future

• Investing in the Energy Grid Investing to modernize energy grid, making it cleaner, safer, more reliable, resilient and secure - Expect greater transmission investments to support additional renewable generation - Provide customers with new and improved tools to manage energy usage Transitioning to cleaner energy portfolio - target net-zero carbon emissions by 20501 Expect to add 2,400 MWs of renewable generation by 2030; total of 4,700 MWs by 20402 Expected retirement of coal-fired energy centers² - - • Meramec in 2022; Sioux in 2028; Labadie: 2 units in 2036, 2 units in 2042; Rush Island in 2039 As of Dec. 31, 2021, coal-fired energy center rate base was ~$2.1 billion $0.9, $0.7, $0.4 and $0.1 billion for Labadie, Sioux, Rush Island and Meramec energy centers, respectively Ameren 2021-2026E Regulated Infrastructure Rate Base 4,5 2% 1% 7% 5% 6% 6% 10% 12% 12% By 2026, rate base expected to be 84% electric and natural gas transmission and distribution, 5% renewable generation and 4% nuclear generation² 72% 63% Ameren's estimated coal-related revenues in 2021 were 15%³ and coal-fired generation rate base expected to be 6% by 2026 Coal-related capital expenditures 2022-2026 are expected to be ~$0.7 billion, or ~4% of Ameren's five-year plan 2026E Natural Gas-Fired Generation Renewable Generation ■Nuclear Generation ■Coal-Fired Generation Natural Gas Distribution 1 Includes Scope 1 emissions as described in Ameren's 2021 Climate Report, "Committed to Clean, Transformational Changes to Net-Zero". 2 Based on Sep. 2020 Integrated Resource Plan. Ameren Missouri expects to file an update to the Integrated Resource Plan in June 2022 to reflect, among other things, an accelerated retirement of the Rush Island Energy Center. 3 See page 33 for additional details and calculations. 4 Renewable generation and regionally beneficial transmission represent additional investment opportunities. 5 Effective as of Feb. 18, 2022 Earnings Conference Call. 2021 First Quarter 2022 Earnings | May 6, 2022 " ■Electric Transmission and Distribution " 25
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