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04.20.2009 9:51 am

St. Louis still has 7, maybe 8, companies in Fortune 500

St. Louis Post-Dispatch

We all know that Anheuser-Busch doesn’t qualify for Fortune 500 status any more, but it isn’t as if all the big headquarters have vanished. St. Louis officially has seven companies on the new list, and can claim eight if you…

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03.11.2009 7:13 pm

Ameren CEO made $5 million last year

St. Louis Post-Dispatch

Ameren Chief Executive Gary Rainwater received $5.0 million in total compensation last year, according to a proxy statement filed today with the Securities and Exchange Commission.

His pay package included a salary of $935,000, up 3.9 percent from 2007, and an annual…

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02.17.2009 10:10 am

So much for Ameren as a widows-and-orphans stock

St. Louis Post-Dispatch

There was a time when utility stocks were considered the most conservative of investments, suitable for even widows and orphans. That era is long gone, as Ameren shareholders are finding out this morning.

The stock market, reacting to Friday’s dividend cut…

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05.21.2008 4:10 pm

AmerenUE suffers debt downgrade

St. Louis Post-Dispatch

 Moody’s says it doesn’t like AmerenUE’s declining cash flow or rising operating costs, so it is downgrading the utility’s bonds to Baa2 from Baa1. Such a downgrade is always painful — it will increase the cost of carrying $3.5 billion in…

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04.21.2008 9:41 pm

Our Fortune 500 count? Depends who’s counting

St. Louis Post-Dispatch

Fortune magazine gives St. Louis credit for eight companies in the new Fortune 500 list. That’s the same number as last year, which isn’t bad in this era of corporate consolidation. The Regional Chamber and Growth Association, though, wants to boost our number…

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04.09.2008 2:51 pm

Re-emphasizing the “UE”

St. Louis Post-Dispatch

Careful readers of recent communications from AmerenUE might have noticed something different about the company’s logo: the “UE” got bigger, and the utility added the tagline “Connecting Missouri.” The new logo is at left, the old at right.

                                     

The “UE,”…

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03.06.2008 10:13 am

Ameren pays Rainwater $4.7 million

St. Louis Post-Dispatch

Ameren Chief Executive Gary Rainwater got total compensation of $4.7 million last year, the company discloses in a proxy statement filed with the SEC.

His base salary of $900,000 was unchanged from 2006, but his bonus of $696,000 was more than double…

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11.06.2007 6:31 pm

Being “junk” is costly for Ameren

St. Louis Post-Dispatch

Scott Cisel, president of Ameren’s Illinois utilities, met with a Post-Dispatch editorial writer, reporter and columnist today to discuss the company’s request for a rate increase. Among the reasons Ameren needs an extra $247 million from customers, he said, is…

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10.22.2007 3:15 pm

Scholar urges Kirkwood to privatize

St. Louis Post-Dispatch

The Show-Me Institute, a conservative think tank in Clayton, has focused most of its attention on statewide issues like health care,  education and eminent domain. But it’s also interested in micro-level economic issues, as a new commentary on Kirkwood’s utilities indicates.

Show-Me policy…

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09.27.2007 10:43 am

Department of shameless self-promotion

St. Louis Post-Dispatch

For some reason, CNBC has developed a healthy curiosity about the St. Louis economy and has asked a certain Post-Dispatch columnist/blogger to appear on its Power Lunch” program tomorrow (Friday). I’ll be on shortly after 11 a.m. (central time)  along with…

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