AmerenUE sells $350 million of debt
AmerenUE sold$350 million of 30-year notes to help repay short-term borrowings under an existing credit agreement, according to the company and Bloomberg LP. The St. Louis-based utility incurs short-term debt to fund its cash needs in instances where expenditures exceed cash receipts.
The…
- Comments Off
- Email this
AmerenUE seeks to sell $350 million of debt
Electric and natural-gas utility AmerenUE is seeking permission from the Missouri Public Service Commission to sell up to $350 million in long-term debt.
Proceeds would be used to refinance short-term borrowings under credit agreements. AmerenUE incurs short-term debt to fund its cash needs in…
Laclede Gas to reduce bills…for some
Laclede Gas Co. said today that most customers enrolled in its budget billing program will see bills go down by an average of 13 percent as wholesale natural gas prices remain relatively weak amid the current economic funk.
St. Louis-based Laclede regularly…
- Comments Off
- Email this
Utility gift certificates shine amid sagging economy
With the economy mired in a funk, many retailers saw steep declines in holiday sales. An exception? Utilities. They saw gains in sales of gift certificates that allow consumers to pay their friends’ or family’s natural gas or electric bills, according to…
- Comments Off
- Email this


