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Ameren (NYSE:AEE) -0.9% in Monday’s buying and selling after the Illinois Commerce Fee administrative legislation choose printed a proposed resolution for the utility’s multi-year electrical charge plan within the state.
The proposed return on fairness got here in considerably decrease than Ameren’s (AEE) proposal at 9.24% in comparison with the corporate’s 10.5% request, however higher than the 8.91% ICC workers advice, and the ALJ’s fairness ratio advice was 50%, according to ICC workers’s advice however under Ameren’s (AEE) request of ~54% throughout all 4 years; a remaining resolution on the speed case is anticipated by December 20.
Mizuho analyst Anthony Crowdell sees the end result as “a difficult datapoint” for Ameren (AEE), remaining Impartial on the inventory with a $77 worth goal, minimize from $82.
Ameren’s (AEE) proposed resolution can also function a read-through to Exelon’s (EXC) Commonwealth Edison, which additionally has an electrical charge case pending in Illinois, Crowdell added.