SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
In the Matter of:
AMEREN CORPORATION SEMI-ANNUAL CERTIFICATE
UNION ELECTRIC DEVELOPMENT PURSUANT TO RULE 24UNDER THE
CORPORATION PUBLIC UTILITY HOLDING COMPANY
CIPSCO INVESTMENT COMPANY ACT OF 1935
CILCORP INVESTMENT MANAGEMENT
File No. 70-9965
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Ameren Corporation ("Ameren"), a registered holding company, and its
subsidiaries named above, hereby file this certificate pursuant to Rule 24
reporting on transactions authorized by the Commission by order dated June 4,
2002 (Holding Co. Act Release No. 35-27536). This certificate is filed with
respect to transactions consummated during the period commencing January 1, 2004
and ending June 30, 2004.
File No. 70-9965:
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a. The consolidated balance sheet and twelve-month statement of income as
of the end of the six-month period.
To be filed confidentially as Exhibits A, B and C under Rule 104.
b. The amount of revenues and any form of compensation received during
each six-month period ending June 30 or December 31 as applicable,
from any and all Tax Credit Projects directly or indirectly owned.
Other than the annual tax credits and operating losses which lower the
amount of paid taxes, neither Union Electric Development Corporation
("UEDC"), CIPSCO Investment Company ("CIC") or CILCORP Investment
Management ("CIM") receive any compensation from these tax credit
investments.
c. The name of each new Tax Credit Project company in which an investment
was made during the six-month period and upon staff request a copy of
the applicable operating agreement.
On April 28, 2004, CIPSCO Investment Company made a $1,000,000
commitment to participate in the 2004 Illinois Equity Fund, LLC.
d. The amounts of investment made during each six-month period in the Tax
Credit Projects and cumulative comparisons of the
$125 million authorized in this order.
Refer to attached Exhibit D.
e. The cumulative number of any and all Tax Credit Projects, and any
other investment position in any form of non-utility assets at the end
of each six-month period.
Refer to Exhibit D for the tax credit summary and the statement of
assets shown in Exhibits A, B and C.
The undersigned registered holding company has duly caused this semi-annual
report to be signed on its behalf by the undersigned officer thereunto duly
authorized pursuant to the requirements of the Public Utility Holding Company
Act of 1935.
Ameren Corporation
By /s/ Jerre E. Birdsong Date: August 13, 2004
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Jerre E. Birdsong
Vice President and Treasurer
2
Exhibit D
Ameren - Equity Tax Credit Investment Summary
Union Electric Development Corporation (UEDC)
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Equity Invested as of
12/31/2003 06/30/2004
St. Louis Equity Fund: St. Louis, MO
1988 LP $ 512,047 $ 512,047
1990 LP $ 484,325 $ 484,325
1991 LP $ 498,931 $ 498,931
1992 LP $ 516,461 $ 516,461
1993 LP $ 489,812 $ 489,812
1994 LP $ 491,028 $ 491,028
1995 LLC $ 493,400 $ 493,400
1996 LLC $ 591,550 $ 591,550
1997 LLC $ 592,532 $ 592,532
1998 LLC $ 495,086 $ 586,294
1999 LLC $ 618,117 $ 799,341
2000 LLC $ 509,760 $ 669,709
2001 LLC $ 390,993 $ 541,437
2002 LLC $ 178,017 $ 343,478
2003 LLC $ 135,000 $ 635,937
2004 LLC $ - $ -
Housing Missouri, Inc: St. Louis, MO
1996 LLC $ 286,956 $ 286,956
1997 LLC $ 286,464 $ 286,464
1998 LLC $ 240,933 $ 286,453
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Total UEDC: $ 7,811,412 $ 9,106,155
CIPSCO Investment Company (CIC)
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Illinois Equity Fund: Springfield, Illinois
1992 LP $ 500,000 $ 500,000
1994 LP $ 1,000,000 $ 1,000,000
1996 LP $ 1,000,000 $ 1,000,000
1998 LP $ 446,260 $ 592,000
2000 LP $ 103,464 $ 114,016
2002 LP $ 50,114 $ 54,662
2003 LLC $ - $ -
2004 LLC Refer to Note 1
St. Louis Equity Fund: St. Louis, Missouri
1999 LLC $ 309,059 $ 399,670
2000 LLC $ 254,879 $ 334,853
2001 LLC $ 195,497 $ 270,719
2002 LLC $ 89,009 $ 171,739
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Total CIC: $ 3,948,282 $ 4,437,659
CILCORP Investment Management (CIM) (Note 2)
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(This is provided for informational purposes only)
Illinois Equity Fund: Springfield, Illinois
1992 LP $ 250,000 $ 250,000
1994 LP $ 250,000 $ 250,000
1996 LP $ 250,000 $ 250,000
1998 LP $ 223,130 $ 296,180
Midwest Equity Fund:
Midwest Tax Credit Fund I $ 1,000,000 $ 1,000,000
Midwest Tax Credit Fund II $ 3,000,000 $ 3,000,000
Banc One $ 3,882,731 $ 3,882,731
Sun America 51 $ 7,499,998 $ 7,499,998
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Total CIM: $ 16,355,859 $ 16,428,909
Ameren Corporation Total: $ 28,115,553 $ 29,972,723
Notes
1 In April 2004, CIPSCO Investment Company signed a subscription
agreement for $1,000,000 to participate in the Illinois Equity Fund
2004 LLC fund.
2 Ameren acquired the tax credit investments held in CILCORP
subisidaries in 2003 under Holding Company Act Release No. 27645,
January 29, 2003 Ameren Corporation, et al. No additional tax credit
investments have been made in CIM since the date of the order.
SEC Authorized Amount $125,000,000 Remaining
Balance
Commitments prior to SEC Order $16,600,000 $108,400,000
Subsequent Commitments
SLEF 2003 (12/19/2002) $1,500,000 $106,900,000
IEF 2003(6/6/2003) $500,000 $106,400,000
SLEF 2004 (11/6/2003) $1,500,000 $104,900,000
IEF 2004 (4/28/2004) $1,000,000 $103,900,000